Chubb has the cheapest average rate for home insurance in Dallas, Texas, at $176 a month. Farm Bureau has the second-lowest rate at $201 a month.
Average home insurance rates in Dallas are higher than both the Texas and national average rates, making it important for you to compare quotes to get the best home insurance policy at the cheapest cost. We put together this guide to help with that.
In this article
What are the cheapest home insurance companies in Dallas?
In Dallas, Chubb has the lowest average rate for home insurance at $176 a month. Farm Bureau carries the next-most affordable rate at $201 a month.
| Company | Monthly rate |
|---|---|
| Chubb | $176 |
| Farm Bureau | $201 |
| Allstate | $268 |
| State Farm | $270 |
| Farmers | $293 |
| Amica | $415 |
| Travelers | $427 |
| Progressive | $446 |
| Nationwide | $562 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Dallas?
The average cost of homeowners insurance in Dallas is $340 a month. This is 11% higher than the Texas average home insurance rate of $302 a month. Home insurance providers look at different factors when calculating your home insurance quote. These include:
- The age of the home
- Building materials used
- ZIP code of the home
- Your personal insurance history
Standard homeowners insurance coverage varies little from company to company. Home insurance providers charge different rates for the same coverage because they put different risk values on each of the rate factors mentioned above. For example, one home insurance company may put a higher priority on the age of the home than another. For this reason, you should compare as many home insurance quotes as possible to get your best rate for the best coverage.
Compare rates from top home insurance companies
Another important factor in the calculation of your home insurance quote is your deductible. If you want to keep your overall premium low and you can afford it, choose a higher deductible.
Dallas has its share of extreme weather conditions that also add to the risk factors that home insurance providers consider when quoting rates. Hail storms, floods and hurricanes are not uncommon in the Dallas area. The damage these weather types can do to a home is substantial, and homeowners insurance companies raise rates accordingly.
Who are the best home insurance companies in Dallas?
Based on our research, Chubb, Farm Bureau and Allstate are the best home insurance providers operating in Dallas. Here's why:
Chubb: Best for high-value homes
On top of having the cheapest home insurance rate in Dallas at $176 a month, Chubb is an excellent choice for luxury homeowners. Chubb's Masterpiece homeowners insurance package contains coverage options that would otherwise be very expensive. The package includes:
- Extended replacement cost coverage: Covers the full rebuild cost of your home, even if it goes over your policy's dwelling coverage limit.
- Cash settlement: If you choose not to rebuild or repair your home after it's damaged or destroyed. You can get a cash payout up to your policy limit.
- Use your own contractor: If you have a contractor that you prefer to use, the Masterpiece plan allows you to work with them instead of Chubb's preferred list.
- Worldwide loss coverage: Your belongings are covered against accidental loss or damage anywhere in the world. This can be useful if you're traveling or if you're moving.
Farm Bureau: Runner-up for lowest rates
Farm Bureau has the second-lowest homeowners insurance rates in Dallas, with an average premium of $201 a month. This is 33% cheaper than the state rate of $302 a month and 41% cheaper than the Dallas average rate of $340 a month.
Allstate: Best customer service
Allstate has an excellent reputation for customer service. They currently maintain a 0.76 rating on the National Association of Insurance Commissioners' (NAIC) Complaint Index. This index compares the ability of different insurance companies to resolve various claim-oriented issues, such as payouts and claim resolution time. The average national complaint index rating is 1.0. The lower an insurer's index, the better its complaint resolution. This gives Allstate a strong customer satisfaction standing in comparison to many of their competitors.
Methodology
We collected quotes from every ZIP code in Texas from the following home insurance companies:
- Allstate
- Amica
- Chubb
- Farmers
- Farm Bureau
- Nationwide
- Progressive
- State Farm
- Travelers
Average rates for a standard HO-3 homeowners insurance policy we calculated using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Sources:
Home insurance by city
- Houston
- Dallas
- Austin
- San Antonio
- El Paso
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