The Best Cheap Homeowners Insurance in Garland, Texas for 2024: Quotes and Reviews

Comparing policies from various home insurance companies in Garland shows you that similar coverages are offered. Because of this, you need to check the price since it becomes a determining factor when choosing which policy to purchase.

The average homeowner with a house with a $250,000 dwelling coverage can find the cheapest home insurance in Garland from the following companies:

• Chubb: $1,854 per year
• Universal North America: $2,324 per year

Dwelling coverage can increase to $2 million for more expensive homes. The companies that offer the cheapest home insurance for these, on average, are:

• Chubb: $5,786 per year
• Farmers: $12,351 per year

The table below shows you how prices change when dwelling coverage limits are adjusted.

Personal property limits are based on a home’s dwelling coverage. Homes whose dwelling coverage limits are $250,000, which is the baseline for Garland, have personal property limits of $100,000. For homes with dwelling coverage limits amounting to $2 million, personal property limits increase to $800,000. Liability coverage, however, remains at $100,000 for all policies.

Even if you don’t live in Garland, you can still look up home insurance rates in Texas.

On average, home insurance in Garland costs $3,989 per year or about $332 per month. It means homeowners in Garland pay $599 more each year compared to the average rate of home insurance in Texas, which is $3,390. They also pay $1,886 more each year than the national average, which is $2,103.

Since price is one of the main considerations when choosing a policy, you must understand how this is determined. Several factors affect the cost of home insurance in Garland – your location is only one of them. Other aspects that affect the computation are your dwelling and personal property coverages. In Garland, even your credit scores are considered.

Use MoneyGeek’s home insurance calculator to compare different policy rates in Texas.

More than price, there are other factors that you should consider when deciding on which home insurance provider to choose. Filing for claims is always a stressful situation, so you’ll want an insurer that provides quality service. Financial strength is another area to think about since financially stable companies will be able to pay out legitimate claims.

MoneyGeek has ranked the best home insurance companies in Garland. Those that topped the list are:

• Best Overall: Chubb
• Runner-Up: USAA (available to current and former members of the military)

To rank home insurance companies in Garland, MoneyGeek used financial stability, customer experience and affordability.

Home insurance for a home built in 2000 amounts to $3,989 per year or $332 per month. In comparison, home insurance for a newly constructed home is cheaper, costing roughly $2,844 per year.

Since more recently built homes use modern materials, they are less likely to get damaged. This means a lower probability of homeowners filing claims. If these homes do get damaged, insurers have an easier time finding replacement materials.

For newly constructed homes with $250,000 dwelling coverage limits, the companies who offer the cheapest home insurance in Garland, on average, are:

• Chubb: $1,322 per year
• Universal North America: $1,657 per year

Standard home insurance policies in Garland cost, on average, $3,989 per year or approximately $322 per month. This includes a personal property coverage limit of $100,000. If you think the value of your belongings exceeds this, you can opt to increase your personal property limit. In turn, however, it also increases the rate of your home insurance.

For example, increasing your personal property limits to $250,000 also increases the price. The home insurance rate in Garland for a higher personal property limit is $4,322 per year.

On average, for homes with personal property limits of $250,000, homeowners can find the cheapest home insurance in Garland from the following companies:

• Chubb: $2,009 per year
• Universal North America: $2,518 per year

Another factor that affects the price of home insurance in Garland is the deductible. This is the amount you pay out-of-pocket when making a claim. The higher your deductible is, the lower your annual premium becomes.

A policy with a $1,000 deductible costs, on average, $3,989 per year. If you increase your deductible to $2,000, the price of your policy decreases to $3,526 per year.

On average, in Garland, the cheapest home insurance companies for policies with a $2,000 deductible are:

• Chubb: $1,639 per year
• Universal North America: $2,055 per year

A good credit score gives insurers confidence in your ability to pay their premium each year. You can still get home insurance if your credit score is poor, but your policy will be more expensive.

In Garland, a homeowner with good credit standing has a home insurance policy that costs, on average, $3,989 per year. In comparison, poor credit scores make a policy twice as expensive at roughly $8,431 per year.

On average, the best home insurance companies in Garland for homeowners with poor credit scores are:

• Chubb: $3,198 per year
• Universal North America: $3,665 per year

Getting home insurance quotes online is relatively easy as long as you have the following information ready:

• Your home’s replacement cost – If your home is damaged, the cost to rebuild it determines your dwelling coverage limits. The best person to give an estimate of this is a construction professional or a contractor.
• Your personal property’s value – Keeping an inventory of your belongings and their value is good practice. How much your personal property costs help you determine your personal property coverage limits.
• Your personal information – Insurers want to know how many people reside in your home, as well as its location. Your address is factored in, as it gives insurers an idea of how safe your neighborhood is. Home insurance quotes may vary between zip codes.
• Your home’s details – Whether you have security devices installed in your home is crucial information as it may reduce the rate. Insurers may also ask about the age of your home and the materials used to construct it.

MoneyGeek used sample profiles to research homeowners insurance quotes. The profile of an average homeowner includes a 2,500 foot home built in 2000 with a $250,000 dwelling coverage limit, $100,000 coverage limits each for personal property and liability and a $1,000 deductible.

The basis for comparison included quotes from homes with varying coverages. Quotes for newly constructed homes were also gathered by MoneyGeek to complete this study, along with those for homeowners with poor credit scores and homes with increased dwelling and personal property coverages. Rates for homes with higher deductibles were included as well.

Customer satisfaction scores were based on survey results from J.D. power, while affordability was computed using data provided in partnership with Quadrant. A total of ten companies were analyzed by MoneyGeek.