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Best cheap home insurance in Austin in 2025
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The best home insurance companies in Austin
As a homeowner in Austin, you might pay below the state average for home insurance coverage, but that could still be a substantial amount if you’re on a tight budget. Although the exact price you’ll pay for homeowners insurance depends on a lot of personal factors, it is possible to shop around and find affordable coverage. To get you started, Bankrate’s team of insurance editors analyzed third-party data and found that USAA, Nationwide, Allstate, State Farm and Travelers offer some of the cheapest policies in Austin, TX.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Not available
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Bankrate Score
Avg. annual premium
$300K dwelling coverage
Not available
JD Power
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Read our full methodologyAt Bankrate, we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
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120
carriers reviewed
The cheapest home insurance companies in Austin
Based on our research, Farmers, USAA and Armed Forces have the cheapest home insurance on average for $300,000 in dwelling coverage. However, exactly which provider offers the cheapest rates may change depending on how much coverage you need. Below, we’ve found the cheapest home insurance companies for a variety of dwelling coverage limits.
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$136
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$1,631
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$144
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$1,728
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Armed Forces
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$154
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$1,853
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$171
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$2,049
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Compare home insurance rates
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How much is home insurance in Austin, Texas?
Homeowners insurance in Austin, TX averages $2,570 a year for $300,000 in coverage, which works out to about $214 a month. That is 37 percent less than the general Texas average of $4,078. Since Austin is not as close to the coast as Houston and other regions, it does not have as high a risk of hurricane damage. Homes may still experience wind damage, however, in storms that arrive from the Gulf of Mexico. Many homes in Austin are also at risk of flood damage, suggesting that homeowners may want to consider adding a flood endorsement or separate flood policy to their insurance portfolio.
To be sure, your rate is likely to differ from the average since it is based on factors that are unique to you and your property. These may include your credit, your home's age and the levels of coverage you choose. Insurers consider these and other factors when determining your rate.
Austin rates by credit tier
In Texas, insurance companies are allowed to consider your credit rating when setting your home insurance premium. Homeowners with bad credit typically pay more than homeowners with good or excellent credit. Statistics show homeowners with poor credit are more likely to file claims, so those with poor credit are usually charged more to account for the added risk.
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$3,827
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$1,781
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$1,631
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$1,257
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$2,229
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$1,752
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$1,728
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$1,644
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Armed Forces
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$2,961
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$1,979
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$1,853
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$1,712
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$3,028
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$2,180
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$2,049
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$1,834
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$5,501
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$3,030
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$2,752
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$2,265
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Austin rates by home age
Your home's age can also affect how much you pay for your insurance. Think about it like an insurer: If an insurance company has to pay to rebuild a home built with materials that cost significantly more today than they did 30 years ago, it’s in their best interest to pass those expenses on. In most cases, insurers build the added risk of insuring an older home into the policy cost.
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$2,036
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$2,136
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$2,174
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$2,261
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$1,384
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$2,417
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$2,463
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$2,440
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$2,147
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$1,601
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Armed Forces
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$1,985
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$1,942
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$1,937
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$1,956
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$1,757
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$2,049
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$2,049
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$2,049
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$1,897
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$2,049
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$2,752
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$2,752
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$2,752
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$2,752
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$2,752
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Austin rates by deductible amount
Raising your home insurance deductible can be an effective way to curb your Austin home insurance costs — but be cautious when doing so. Your home insurance deductible is the amount of damage you are responsible for covering out of pocket in the event of a covered claim, so be careful not to raise it too high.
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$1,537
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$1,448
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$1,110
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$1,588
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$1,588
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$1,338
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Armed Forces
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$1,853
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$1,660
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$1,463
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$2,049
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$2,049
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$2,014
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$2,752
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$2,752
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$2,512
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Frequently asked questions
Methodology
Rates
Bankrate utilizes Quadrant Information Services to analyze August 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The 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.
If otherwise specified, the base profile has been modified with the following homeowner characteristics:
Bankrate Score
Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
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 home insurance companies satisfy these priorities, our team analyzed 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 National Association of Insurance Commissioners (NAIC).
- 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 in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
