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Best cheap home insurance in Fort Worth in 2024
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Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The best home insurance companies in Fort Worth
Texas can be a difficult place to get affordable home insurance, and Fort Worth is no exception. Climate Check names heat, fire and drought as some of the top environmental concerns in the area, all of which can make property in Fort Worth more expensive to insure. Bankrate’s insurance editorial team can help you find the home insurance company that works best for your insurance needs and budget. Based on our research, USAA, Nationwide and Farmers may write the best home insurance in Fort Worth.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why USAA made our list: USAA is only available to military members, veterans and their qualifying family members. But, if you qualify for a policy or happen to be stationed at the Naval Air Station Joint Reserve Base, you might want to get a quote. USAA automatically insures your personal belongings at replacement cost value (versus actual cash value), which usually costs extra with other companies, and its base policies come with up to $5,000 of identity theft protection.
Why USAA may be the best overall: USAA’s strict eligibility criteria exclude it from J.D. Power ranking, but it is a consistently high scorer. It scored above average in both the 2024 U.S. Property Claims Satisfaction Study and the 2023 Home Insurance Study. It also scored above the segment average in the shopping and service category of the Insurance Digital Experience Study — which is extra important, considering USAA does not have any brick-and-mortar agency locations, and policies are managed completely online and over the phone. USAA also tied for the Best Home Insurance Company Overall Bankrate Award for the third year in a row.
| Bankrate Score | 4.7 |
| J.D. Power | 737/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Nationwide made our list: Nationwide has a strong selection of coverage endorsements like identity theft protection, water backup, service line coverage and equipment breakdown. Nationwide has a few other more specialized coverage choices like Better Roof Replacement and Brand New Belongings. The company was ranked above average in the J.D. Power Property Claims Satisfaction Study, but it fell below the segment average in the Home Insurance Study.
Why Nationwide may be the best budget coverage: Nationwide won the Best Budget Home Insurance Company Bankrate Award because of its competitive average rates and broad discount selection. On its website, Nationwide advertises nine different savings opportunities across different categories. Fort Worth homeowners can save based on their roof quality, living in a gated community, installing protective devices and for remaining claims free (to name a few).
| Bankrate Score | 4.3 |
| J.D. Power | 641/1,000 |
| AM Best Rating | A |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Farmers made our list: Farmers’ home insurance rates are 41 percent less than the average cost of home insurance in Fort Worth, which could make it a good choice for homeowners looking to spend less for their coverage. The company was ranked fourth in the 2024 Property Claims Satisfaction Study, which implies that the company has a strong ability to pay out claims.
Why Farmers may be best for custom policies: Some homeowners need more tailored coverage, which Farmers could be good for. With the Farmers Flex policy, you can choose from a variety of coverage endorsements like extended replacement cost, guaranteed replacement cost, ordinance coverage, home sharing, water backup and more.
| Bankrate Score | 3.6 |
| J.D. Power | 609/1,000 |
| AM Best Rating | A |
Bankrate's trusted insurance industry expertise
Read our full methodologyWith home insurance costs rising across the country, Bankrate knows that cost is a major consideration for many homeowners. That’s why we update the average rate data and our picks for the cheapest providers every month.
46
years of industry experience
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The cheapest home insurance companies in Fort Worth
Fort Worth home insurance costs are higher than the national average of $2,304. This can make finding cheap home insurance more of a challenge, but not impossible. According to Bankrate’s research, Armed Forces, Farmers and USAA are the cheapest home insurance companies in Fort Worth for a $300K dwelling limit policy. While looking for cheap home insurance, keep in mind that average premiums increase as coverage limits rise. Our insurance editorial team also found cheap home insurance companies for $350K, $450K and $750K dwelling coverage limits.
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|
|
|
|---|---|---|
|
Armed Forces
|
$162
|
$1,944
|
|
$192
|
$2,305
|
|
|
$208
|
$2,494
|
|
|
$227
|
$2,722
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$178
|
$1,944
|
|
$214
|
$2,305
|
|
|
$232
|
$2,494
|
|
|
$254
|
$2,722
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$212
|
$2,543
|
|
$251
|
$3,007
|
|
|
$280
|
$3,363
|
|
|
$304
|
$3,651
|
|
|
|
|
|---|---|---|
|
$319
|
$3,826
|
|
|
Armed Forces
|
$325
|
$3,902
|
|
$419
|
$5,022
|
|
|
$421
|
$5,049
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is home insurance in Fort Worth, Texas?
Home insurance quotes in Fort Worth tend to be higher compared to the national average, but they are pretty normal for Texas. Home insurance in Fort Worth costs an average of $3,923 per year, while the average cost of home insurance in Texas is $3,884. To compare, the national average cost of home insurance is $2,304.
The rates above reflect a policy with a $300K dwelling limit, a $1,000 deductible, a home built in 2016 and a homeowner with good credit. Home insurance costs will vary depending on personal rating factors like your credit tier, home age and deductible.
Fort Worth rates by credit tier
Homeowners with good or excellent credit generally receive the cheapest rates. Insurance actuarial data shows that homeowners with poor or average credit are more likely to file a claim with their home insurance provider, and thus pose more of a risk to a home insurance company. The table below compares home insurance rates by credit tier for the five cheapest home insurance companies in Fort Worth.
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|
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|
|---|---|---|---|---|
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Armed Forces
|
$2,962
|
$2,060
|
$1,944
|
$1,814
|
|
$5,981
|
$2,545
|
$2,305
|
$1,675
|
|
|
$3,241
|
$2,530
|
$2,494
|
$2,366
|
|
|
$4,078
|
$2,895
|
$2,722
|
$2,346
|
|
|
$4,445
|
$3,419
|
$3,245
|
$2,963
|
Fort Worth rates by home age
An older home will likely have different insurance needs than a newer build. If an older home needs a rebuild after a covered loss, it could cost an insurance company more to get it up to current building codes — which could drive up the cost of insurance. Below, you can compare Fort Worth home insurance costs based on a home’s construction year.
|
|
|
|
|
|
|
|---|---|---|---|---|---|
|
Armed Forces
|
$2,777
|
$2,739
|
$2,698
|
$2,258
|
$1,659
|
|
$2,886
|
$2,916
|
$2,973
|
$3,326
|
$1,828
|
|
|
$3,604
|
$3,662
|
$3,622
|
$3,208
|
$2,159
|
|
|
$5,941
|
$5,972
|
$6,257
|
$4,508
|
$1,930
|
|
|
$3,245
|
$3,245
|
$3,245
|
$2,962
|
$3,245
|
Fort Worth rates by deductible amount
If the high Fort Worth home insurance costs are straining your budget, you might want to raise your insurance deductible. Your deductible represents the amount of financial responsibility you as a policyholder agree to take on after you file a claim. The more you share the financial burden with your insurance provider, the lower your premium will likely be. We’ve compared deductibles and premiums for the companies writing the cheapest home insurance in Fort Worth on average.
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|
|
|
|
|---|---|---|---|
|
Armed Forces
|
$1,944
|
$1,715
|
$1,491
|
|
$2,148
|
$1,995
|
$1,456
|
|
|
$2,267
|
$2,267
|
$1,857
|
|
|
$2,668
|
$2,578
|
$2,425
|
|
|
$3,245
|
$3,245
|
$3,216
|
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 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: $300,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $30,000, $35,000, $45,000, $75,000
- Coverage C, Personal Property: $150,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $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 Scores
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.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 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.
