GITNUX MARKETDATA REPORT 2024

Statistics About The Average Home Insurance Cost Houston

The average home insurance cost in Houston is approximately $2,326 per year.

Last Updated: June 18, 2024

How we write

In this post, we examine the detailed statistics surrounding home insurance costs in Houston, shedding light on the average premiums, variations in rates, and factors driving the pricing disparities in the city. With figures indicating both the scale of expenses and the impact of market competition on pricing, we aim to provide valuable insights for homeowners navigating the insurance landscape in Houston.

Statistic 1

"The average annual home insurance premium in Houston is $3,429."

Statistic 2

"The average cost of home insurance in Houston is about 42% higher than the state average."

Statistic 3

"The most affordable home insurer in Houston has an average annual premium of $2,076."

Statistic 4

"Houstonians pay around $285 per month on average for home insurance."

Statistic 5

"In Houston, home insurance rates can vary by over 96% depending on the insurer."

Statistic 6

"Houston ranks in the top 10 for cities with the highest home insurance costs in the U.S."

Statistic 7

"The average rate of home insurance in Houston for $150,000 dwelling coverage is $2,443."

Statistic 8

"The median home insurance premium in Houston for a home valued at $200,000 is $2,885."

Statistic 9

"Houston homeowners pay an average premium of $3,124 for a policy with a $1,000 deductible."

Statistic 10

"Houston is the city in Texas with the second highest average home insurance premiums."

Statistic 11

"The average price for a homeowners policy with $300,000 property coverage in Houston is $4,776."

Statistic 12

"Rates for home insurance policies in Houston tend to be higher due to frequent natural disasters."

Statistic 13

"No company holds more than 20% of the market in homeowners insurance in Houston, indicating competition that could affect pricing."

Statistic 14

"Houston homeowners pay roughly 70% more for insurance than the national average."

Statistic 15

"With a 10% hurricane deductible, home insurance costs anywhere from 2% to 5% of your home's insured value in Houston."

Statistic 16

"High-risk areas in Houston may have annual home insurance premiums amounting to over $6,000."

Statistic 17

"In Houston, depending on the company, the rates for home insurance can be anywhere between $857 and $3,457 annually."

Statistic 18

"The average condo insurance premium in Houston is slightly less than that of home insurance, estimated around $3,000 annually."

The statistics reveal that home insurance costs in Houston are significantly higher than the state and national averages, with rates varying widely depending on factors such as coverage amount, deductible, and insurance provider. Houstonians face some of the highest home insurance premiums in the country, attributed in part to the city’s exposure to natural disasters. The competitive market in Houston may offer opportunities for homeowners to compare and potentially lower their insurance costs. Nonetheless, the data suggest that residents must carefully consider their coverage needs and options to ensure they are adequately protected without overpaying for home insurance in a high-risk environment like Houston.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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