Besthome insuranceTexasThe Best Homeowners Insurance Companies in Texas (2024)
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To help you find an insurer that fits your needs, MoneyGeek’s scoring system identified the best insurance in Texas for different types of homeowners. We also reviewed available coverages and discounts.
Chubb is the best overall insurance company in Texas. It’s also the best in terms of affordability. Amica is best for service quality and expensive homes, while State Farm is the best for bundling.
MoneyGeek also analyzed the cheapest homeowners insurance providers in Texas for those more concerned with saving on their monthly bill.
Besthome insuranceTexasThe Best Homeowners Insurance in Texas
Best overall - Chubb
Best for service quality - Amica Mutual
Best on a budget - Chubb
Best for expensive homes - Amica Mutual
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Texas
Buying a house is typically one of the biggest purchases you will ever make, so it is essential to protect your home with an insurance policy. MoneyGeek scored insurers based on customer satisfaction, affordability, claims reputation and financial stability.
The result of our analysis shows that the best home insurance companies in Texas are:
- Chubb: MoneyGeek score of 85 out of 100
- Amica: MoneyGeek score of 84 out of 100
USAA earned a score of 94 out of 100, making it the best in the state for those who are eligible. But, we excluded it from our rankings since its policies are only available to members of the military community.
To understand why Chubb and Amica are the best insurers in the state, MoneyGeek broke down the unique coverages and discounts they offer.
The Top Home Insurance Companies in Texas
1
Chubb
Score:85
Chubb had the highest financial stability score and the second-highest affordability score, but its service quality rating has room for improvement. Its policies cost an average of $2,191 per year. Chubb offers several unique coverages, such as cash settlement and risk consulting.
More About Chubb
Chubb’s unique coverage offerings make it an ideal option for homeowners who want flexibility in their policies. In case of a total loss, Chubb’s cash settlement gives homeowners the choice of whether not to rebuild their homes. Policyholders may also utilize the services of highly-trained risk consultants to ensure that their homes are adequately protected.
2
Amica Mutual
Score:84
Amica scored the highest on customer satisfaction and second highest in financial stability. However, it is not as affordable as other insurers. Its policies cost an average of $4,273 per year, and it offers coverage for earthquakes.
More About Amica Mutual
Homeowners may take advantage of several unique coverages and discounts. Amica's earthquake coverage is a rare option that pays for property damage or loss due to earthquakes. This is good to have, given that earthquakes have become more common in Texas in recent years. There are also discounts for going paperless and setting up automatic payments.
HOW WE DETERMINED THE BEST TEXAS HOME INSURANCE
To find the best home insurance nationally and in Texas, MoneyGeek collected quotes nationwide and from insurers across the Lone Star State. We then balanced these against J.D. Power’s property claims rating and customer satisfaction scores.
Keep in mind that your actual costs and customer experience may vary depending on your circumstances. Read MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Texas for Service Quality
Some homeowners value service quality over price. MoneyGeek scored the best insurance companies in Texas based entirely on customer satisfaction and claims experience.
Our analysis showed that the best-rated insurance companies in Texas based on service quality are:
- Amica: MoneyGeek score of 90 out of 100
- Chubb: MoneyGeek score of 82 out of 100
While USAA received the highest score of 100 out of 100, it was excluded from our analysis since its policies are only available to military-community members.
MoneyGeek analyzed why Amica and Chubb are the top providers for homeowners who want the best possible service experience regardless of rates.
The Top Home Insurance Companies in Texas for Quality Service
1
Amica Mutual
Score:90
Amica had stellar marks on claims, customer satisfaction and financial stability, with a higher claims ranking over satisfaction. It provides customers with a wonderful service experience if they have to make a claim.
More About Amica Mutual
Homeowners can take advantage of several unique coverages and discounts included in Amica's policy offerings. Its earthquake coverage is a rare offering that pays for property damage or loss due to earthquakes. However, that is the only rare coverage it offers. Its high scores are a result of its service.
2
Chubb
Score:82
Chubb had a higher score on claims vs. customer satisfaction. The insurer provides customers with an excellent service experience when they make a claim.
More About Chubb
Chubb’s unique coverage offerings make it a good choice for homeowners who want a wide variety of options. Policyholders can enjoy the services of highly-trained risk consultants to ensure that their homes are adequately protected. In the case of a total loss, Chubb’s cash settlement option gives homeowners the choice of whether or not to rebuild their homes.
The Best Homeowners Companies in Texas on a Budget
If you are on a tight budget, there are still some good homeowners insurance options for you. MoneyGeek ranked the best home insurance providers in Texas if you are looking for cheaper coverage without sacrificing customer service.
Based on MoneyGeek’s research, the best-rated home insurance companies in Texas in terms of affordability are:
- Chubb: MoneyGeek score of 92 out of 100
- Farmers: MoneyGeek score of 88 out of 100
USAA came in second in terms of affordability with a MoneyGeek score of 89 out of 100, but it was excluded from our analysis because its policies are exclusively available to members of the military community.
On average, Chubb’s policies cost $2,191 per year, while the average annual cost of Farmers’ home insurance policies is $2,459.
MoneyGeek examined what makes Chubb the highest-scoring company for homeowners on a budget and broke down some unique coverages and discounts it offers.
The Top Home Insurance Companies in Texas on a Budget
pros
Offers affordable home insurance coverage at $2,191 per year on average
Discounts for homes with protective devices, bundling insurance policies and being claims-free
cons
MoneyGeek satisfaction rating of 3.77 out of 5
COMPANY HIGHLIGHTS
Chubb offers the cheapest policies in Texas, scoring 92 out of 100 in terms of affordability in MoneyGeek’s analysis.
Its policyholders can access several discounts. Among these are discounts for bundling home and auto insurance policies, discounts for newly constructed and newly renovated homes and savings for being claims-free in recent years.
The company also provides discounts for policyholders who live in gated communities, which is one of the rarer types of discounts.
The Best Homeowners Companies in Texas for Expensive Homes
High-value homes are typically more expensive to insure. MoneyGeek rated the best home insurance companies in Texas if you have an expensive home that will cost a lot to rebuild in case of damage or total loss. To complete this analysis, we weighed the cost of insuring a home that would cost $2 million to replace against customer satisfaction.
Based on our findings, the top-rated insurers for expensive homes in Texas are:
- Amica: MoneyGeek score of 86 out of 100
- State Farm: MoneyGeek score of 83 out of 100
With a score of 99, USAA ranked the best. However, we excluded them from our rankings since they are only available to military members and their families.
MoneyGeek evaluated why Amica scored the best for high-value homes by looking at their unique coverage options that cater to homeowners who need a lot of coverage.
The Top Home Insurance Companies in Texas for High-Value Homes
pros
MoneyGeek satisfaction rating of 4.46 out of 5
cons
MoneyGeek affordability rating of 3.00 out of 5
Does not offer building ordinance or law coverages
COMPANY HIGHLIGHTS
Despite offering less affordable policies for expensive homes, Amica received a high customer satisfaction rating. This is why it earned the number one spot.
The company has coverages that are beneficial to high-value homeowners in Texas, such as scheduled personal property, extended reimbursement, contents replacement cost and cyber event / ID theft. These coverages are useful because they cover higher-value items, offer higher coverage limits, provide additional reimbursement levels and assist with identity theft protection.
The Best Homeowners Companies in Texas for Veterans
The families of active-duty military and veterans have lots of options when it comes to homeowners insurance companies. However, the best insurer for them is USAA. The average annual premium of USAA policies in Texas is $3,526.
USAA received a MoneyGeek score in Texas of 94 out of 100 and has perfect ratings on both customer satisfaction and financial stability. The company is the highest-rated insurer in the state. USAA also tailors its service to current and former military personnel and their families.
The Top Home Insurance Companies in Texas for Veterans
pros
Coverage tailored to military families
Customer satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.07 out of 5
cons
Not available if you aren't a member of the military community
COMPANY HIGHLIGHTS
USAA is the home insurance provider of choice for military families. It is the highest-rated insurer in Texas in terms of customer satisfaction, getting a perfect MoneyGeek rating while also scoring highly on affordability, with a MoneyGeek score of 4.07 out of 5.
One of its standard policy coverages is contents replacement cost coverage. This pays for the cost of replacing your personal property if it is damaged or destroyed by a covered loss, and it doesn’t factor in depreciation. USAA also offers significant discounts for bundling home and car insurance policies and for being claims-free for a minimum of five years. Homes with protective devices, such as home security systems and water sensors, are also eligible for extra discounts. If you bundle with auto insurance, you can still get unique vehicle coverages and discounts, such as accident forgiveness and rideshare insurance.
The Best Homeowners Companies in Texas for Bundling
If you are looking for the best home insurance as well as the best car insurance in Texas, you might want to consider purchasing both from the same company. This is called bundling, which is an easy and popular way to save money on insurance if you need protection for multiple assets.
Based on MoneyGeek’s analysis, the best auto and home insurance bundles in Texas come from:
- State Farm: MoneyGeek score of 87 out of 100
- Allstate: MoneyGeek score of 81 out of 100
By combining your policies with one provider, you can get bigger savings through extra discounts. Managing multiple policies will also be easier and more convenient if they come from one insurer.
The Top Home Insurance Companies in Texas for Bundling
pros
Home insurance MoneyGeek score of 4.00 out of 5
Auto insurance MoneyGeek score of 4.32 out of 5
26% bundling discount
cons
None
COMPANY HIGHLIGHTS
State Farm’s auto insurance and homeowners insurance policies received high marks from MoneyGeek. The company offers a sizable bundling discount of 26%, among the highest in the industry.
State Farm has unique coverages for homeowners who purchase their home and car insurance. For example, homes installed with qualifying impact-resistant roofing products may qualify for significant premium discounts. These roofing materials are designed to minimize damage during severe weather events and can extend the life of your roof.
State Farm’s insurance policy bundles may also include rideshare insurance coverage. This makes sure that the medical, emergency roadside assistance and rental car reimbursement included in your personal auto policy remains in effect even when you are working for a ridesharing company.
How to Find the Best Home Insurance in Texas
The best home insurance balances cost, service reputation and financial stability. MoneyGeek collected this information for you and listed the best-rated home insurance companies in Texas. However, you may also complete the research process yourself if you prefer.
1
Research Customer Service Reputations in Texas
MoneyGeek thoroughly researched the customer service reputations of insurers in Texas. You can also review J.D. Power satisfaction scores and National Association of Insurance Commissioners (NAIC) complaint ratios in your state for the specific providers you are interested in. Additionally, we recommend visiting the Texas Department of Insurance website to learn more about the home insurance marketplace.
2
Compare Quotes for Yourself
The insurance quotes that MoneyGeek used for this analysis were based on an average sample of homeowners in Texas. These rates may not be applicable in other states or in your particular situation. We recommend that you do your due diligence and compare quotes from at least three insurers to get a good idea of how much your insurance may cost.
3
Make Sure the Company Has Coverages You Want in Texas
Certain coverages or discounts may not be available in every state. This is why it is important to confirm directly with your preferred insurance companies whether they can give you the coverage that you need at the discounted rate that you expect.
4
Double-Check Financial Stability Ratings
We recommend that you verify the financial strength ratings of your desired insurer since this indicates whether the company can pay for any claims that you may file. While larger insurance companies tend to be financially stronger, some regional Texas insurers may have lower financial ratings than large national insurers due to their smaller capital position.
FAQs About the Best Home Insurance in Texas
The best home insurance in Texas for you will depend on your specific needs and circumstances. MoneyGeek provided answers to some of the most common questions to help you in your research process.
Chubb is the best overall home insurance company in Texas. It’s also the best for affordability. However, the right insurer for you will depend on your specific requirements. If you want bundling discounts for your home and auto insurance policies, State Farm is your best option. But, if you are someone who values service quality over rates or you have an expensive home, Amica is the top choice.
Aside from being the best overall home insurance company in Texas, Chubb is also the most affordable choice, with policies costing around $2,191 per year. It also offers discounts for homes with protective devices, bundling insurance policies and being claims-free. If you are not concerned about service quality and just want savings, you may want to research all of the cheapest home insurance companies in Texas to find the best one for you.
The Texas Windstorm Insurance Association (TWIA) is a state-backed property insurer of last resort, available to homeowners in 14 coastal counties, as well as parts of Harris County, for windstorm and hail coverage when homeowners can't obtain coverage through the standard market.
Texas is very prone to catastrophic flood events. Hurricane Harvey in 2017 resulted in the second-largest flood loss in U.S. history, with $9.2 billion in property damage. A flood insurance policy needs to be purchased separately from either the federally-backed National Flood Insurance Program or private flood insurers. The common recommendation is to get multiple quotes (at least three) to compare costs and coverages. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Expert Advice on Home Insurance in Texas
- What advice would you give for first-time buyers looking for homeowners insurance in your state?
- How do regulations and laws in your state impact the amount or type of coverage a homeowner should buy?
- Are there any environmental factors homeowners should consider when selecting a home insurance plan in your state?
J. Franklin Potts
Associate Professor - Finance, Insurance & Real Estate at Baylor University
Adam Kolasinski
Associate Professor of Finance at The Texas A&M University
Ahmed Elnahas
Assistant Professor of Finance at The University of Texas - Rio Grande Valley
Jim Munchbach, CFP
Certified Financial Planner Professional & Personal Finance Professor at the Bauer College of Business at the University of Houston
Marissa Sweet
Commercial Property and Casualty Insurance Consultant at PropertyCashin.com
Methodology
MoneyGeek scores for homeowners insurance in Texas were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Texas that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Texas. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
About Mark Fitzpatrick
