Best cheap homeowners insurance in Corpus Christi

Best cheap home insurance companies in Corpus Christi

Corpus Christi’s position along the Gulf of Mexico makes it a desirable place for Texas homeowners looking to put down roots along the water. But, its coastal location can make finding affordable home insurance a challenge. Corpus Christi is located in Nueces County, one of 14 counties in Texas where wind damage is an excluded peril for home insurance. In order to be financially protected from wind damage, Corpus Christi homeowners must carry a wind endorsement or policy, either through a private insurance company or the Texas Windstorm Insurance Association (TWIA).

To help homeowners secure coverage for homes, Bankrate’s insurance editorial team did the research into the best home insurance in Corpus Christi. We found that USAA, Amica, Nationwide, Allstate and Texas Farm Bureau are some of the best, affordable options. Each of these providers offers wind insurance, plus, most earned a Bankrate Score over 4.0. Our Bankrate Score takes into account a number of factors, like customer satisfaction scores from J.D. Power, third-party financial strength ratings from AM Best, coverage availability, average rates (when available) and other metrics.

Be aware that the rates below reflect average costs from each carrier for $300,000 in dwelling coverage. When budgeting for home insurance, do not neglect wind insurance, which must be purchased separately. The average cost of wind insurance from the TWIA is $2,000 per year, and data from private providers is not available. The cost of flood insurance should also be considered.

The cheapest home insurance companies in Corpus Christi

Texas is already an expensive state for home insurance, and Corpus Chrisiti’s coastal position makes home insurance even costlier. Finding cheap home insurance in Corpus Christi may be more difficult — but not impossible. Bankrate’s insurance editorial team has found the cheapest providers in the area for a variety of dwelling coverage limits. For $300,000 in dwelling coverage, our research shows that State Farm, Farmers and Armed Forces some cheap home insurance companies for Corpus Christi homeowners.

How much is home insurance in Corpus Christi?

The average cost of home insurance in Corpus Christi is $4,725 per year for $300,000 in dwelling coverage. But, insurance costs may not stop at just a home policy. In Corpus Christi, wind is not a covered policy peril; if your home sustains wind damage, it will not be covered by your home insurance policy. You would need a separate wind policy to be financially protected from wind damage, which could get expensive. Floods, another natural disaster that plagues Corpus Christi homeowners, also won’t be covered by home insurance, and the cost of flood insurance should also be factored into a home insurance budget.

Corpus Christi home insurance rates by credit tier

In Texas, home insurance companies are allowed to consider your credit history when determining how much you pay for your policy. Typically, homeowners with good or excellent credit pay less than homeowners with poor or average credit. This is because homeowners with bad credit are seen as more likely to file insurance claims, which cost insurance companies money. To balance out the added risk, homeowners with poor credit histories generally pay more for their insurance. But, Corpus Christi homeowners with poor credit may find affordable rates from Armed Forces, USAA and Farmers.

Corpus Christi home insurance rates by home age 

The age of your home also plays a role in home insurance costs. Older homes built with harder-to-source materials tend to pose more of a risk to insurers. Finding these materials after a claim could be more expensive, so insurers typically charge more to account for the added risk. However, our research showed that the companies listed below offer the cheapest home insurance in Corpus Christi for a range of home ages.

Corpus Christi home insurance rates by deductible amount

Building credit can take time, and you cannot change the age of your home. But, for cheaper home insurance, consider raising your deductible. Your deductible is the amount of money you are financially responsible for after a covered claim. A higher deductible usually results in cheaper home insurance, however, be sure not to raise it too high. Your deductible should always remain an amount you can comfortably afford at a moment’s notice. Below, we’ve listed the cheapest rates for insurance companies in Corpus Christi for different deductible levels.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze July 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: “1959, 1982, 1992, 2010, 2016 (base) and 2020.”

Bankrate Score

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.