Dfw Metroplex Homeowners Insurance Rates

Texas Homeowners Pay The Most In Nation For Insurance Premiums

ABILENE, Texas -- No one pays more for their home insurance than Texas homeowners in the entire country.

Texas homeowners pay an average of just over $1,511 annually for their home insurance, according to a report in the Dallas Morning News.

That's $50 more than the state that came in second place, Florida.

This is the second year in a row that Texas' rates are the highest in the country.

The size of the state makes our weather more diverse than others in the country, but it doesn't mean residents can't save as much as possible.

KTXS looked for ways people might be able to save as much as possible on their own insurance premiums.

"We offer every peril you can think of as far as mother nature can deliver to a homeowner," real estate agent Rhonda Young said.

Young said there are ways to keep insurance rates as low as possible.

She explained that routine maintenance is one vital way to keep your insurance premium low.

Dried paint and exposed wood are signs of wear that are an easy fix.

A leaky pipe may not seem like a problem but a leak could turn into a bust and busted pipe can mean a pretty high insurance premium.

Look for dry or cracked caulking around windows.

This could be an open invitation to unwanted guests, like termites.

Raised shingles might also be a sign of damage, a flat roof, is a good thing for homeowner's insurance rates.

"Many companies give discounts for new roofs," Young said.

"They can give pretty substantial discounts for the type of roofs you can put on your house now, some discounts for hail impact roofs can be as much as 20 percent," insurance agent Samuel Garcia said.

"Alarm discounts can be as much as 10 percent, renewal discounts can be as much as 15 to 20 percent," Garcia added.

Just like a doctor's visits, Garcia said a yearly visit with an insurance agent can pay off.

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What Homeowners Insurance Covers

Structural Coverage – This coverage pays to acquire your home rebuilt if it’s damaged or destroyed. To find out how much coverage you would like, have the square-foot building cost in your neighborhood coming from a builder or even a realtor, then multiply that figure from our home’s square footage.

Personal belonings Coverage – Your personal property is anything found in your home that is not not the main house structure – clothing, furniture, appliances, electronics, etc. To figure out how much stuff coverage you wish, spend time in an inventory of everything you own, then add up each item’s value to get the coverage amount.

Expensive items like jewelry, furs, antiques, and collectables most likely are not covered under some policies, so you’ll need to purchase extra insurance to talk about them.

Liability Coverage – Liability coverage pays for damage done to others and the property when you’re at fault. Additionally it may also pays on your legal fees if you are truly sued. If you happen to really don’t have a great deal of assets, $100,000 coverage can be enough. However if you simply do have loads of assets that you could lose within a lawsuit, consider purchasing a minimum of $300,000 to $500,000 worth of liability insurance policy Off-Premises Coverage – This pays in your basic financial obligations when your home becomes uninhabitable due to fire or other causes. This coverage is very important if you live in a top risk area for natural disasters.

Most owners policies never cover floods and earthquakes, so you will need to purchase extra coverage residing in a flood or earthquake zone.

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