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Best cheap home insurance in San Antonio in 2024
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 San Antonio
The right home insurance should protect your property without breaking your wallet. Bankrate has reviewed and analyzed some of the best cheap home insurance providers in San Antonio to help our readers make informed decisions. Our analysis uses a homeowner policy with $300,000 of dwelling coverage.
There are several variables to consider when looking for the best home insurance companies in San Antonio, Texas. The company's financial strength, customer satisfaction, coverage options, average rates and more can all influence whether the company will be a good fit for your needs.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why USAA may be a good company for homeowners in San Antonio: USAA tied with Allstate for the 2024 Bankrate Award for Best Home Insurance Company Overall, making it a top contender for home insurance where available. The company scored one of the highest Bankrate scores, maintains high third-party ratings for customer satisfaction and offers unique coverage options that can be hard to find elsewhere. USAA tends to have relatively low average rates and maintains a strong financial strength rating.
Why USAA may be best for military-focused coverage: USAA is unique in that it only offers services and products to active military members, veterans and their eligible family members. The company's policies include coverage for damaged military uniforms while on active or reserve duty.
| 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 may be a good company for homeowners in San Antonio: Nationwide won the 2024 Bankrate Award for Best Budget Home Insurance Company. Not only does Nationwide have low average rates, but it also offers a robust lineup of insurance endorsements for homeowners to customize their policies. The company also provides several potential discounts to help eligible customers save on premiums.
Why Nationwide may be best for affordable home insurance: Nationwide won the 2024 Bankrate Award for Best Budget Home Insurance Company and offers some of the cheapest home insurance in San Antonio among our reviewed insurance companies for the area. To make things even more affordable, the company has several home insurance discounts, including gated community, home purchase, home renovation and smart home discounts.
| 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 Chubb may be a good company for homeowners in San Antonio: Chubb has some of the costliest average rates of those companies reviewed for the San Antonio area, and yet it can still be one of the best in the right circumstances. While the company may only shine for those insuring high-value homes, it does have a superior financial strength rating, a high Bankrate score and relatively few NAIC complaints for a company of its size. The company also offers a risk consulting program wherein an expert will help you analyze your home and belongings to ensure your policy meets your needs.
Why Chubb may be best for high-value homes: Chubb won the 2024 Bankrate Award for Best for High-Valued Homes, making it a top contender for locals looking to insure more expensive properties. Part of what makes Chubb rates so high, and the policies so key for high-valued homes, is that the company includes in its standard homeowners coverage many things that would have to be added through endorsements with another company, like extended replacement cost coverage.
| Bankrate Score | 4.3 |
| J.D. Power | 688/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why State Farm may be a good company for homeowners in San Antonio: State Farm is one of the most popular home insurance companies and has a history of high customer satisfaction. The company maintains a broad network of local agents throughout most of the country and offers home insurance endorsements so customers can customize their policies to fit their unique needs.
Why State Farm may be best for local agents: With an increasing focus on digital tools and interactions, finding a company that prioritizes live interactions can be challenging. State Farm, however, has chosen to continue employing a broad network of local agents in most states, including Texas.
| Bankrate Score | 4.2 |
| J.D. Power | 643/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Progressive may be a good company for homeowners in San Antonio: Progressive doesn't have the lowest rates or the highest Bankrate Score but balances the two to be a contender for one of the five best home insurance companies available in San Antonio. The company offers several discounts to help lower rates further, including new home construction, new purchase, pay in full and quote in advance. The company also maintains some local agents, which may be a good choice for customers looking to bundle home and auto insurance.
Why Progressive may best for finding third-party underwriters: Progressive offers its customers a service through the Progressive Advantage Agency, which allows them to search for home insurance coverage from third-party underwriters. This can give prospective customers access to a broad network of underwriters with an easy and accessible means of comparing them.
| Bankrate Score | 4 |
| J.D. Power | 851/1,000 |
| AM Best Rating | A+ |
Bankrate's trusted insurance industry expertise
Read our full methodologyThe Bankrate insurance editorial team utilizes average rate data from Quadrant Information Services, categorized by ZIP code, to perform a high-level analysis of available home insurance companies and help our readers make informed decisions about home insurance.
46
years of industry experience
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The cheapest home insurance companies in San Antonio
When looking for the cheapest home insurance companies in San Antonio, there are many variables to keep in mind. The age of your home, its value, ZIP code, condition and more will all play a role in determining your rates. Consider not just cheap home insurance companies but also those that offer robust discounts to take rates even lower.
|
|
|
|
|---|---|---|
|
Armed Forces
|
$117
|
$1,401
|
|
$118
|
$1,415
|
|
|
$134
|
$1,612
|
|
|
$149
|
$1,783
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$128
|
$1,401
|
|
$132
|
$1,415
|
|
|
$153
|
$1,612
|
|
|
$165
|
$1,783
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$149
|
$1,792
|
|
$158
|
$1,893
|
|
|
$190
|
$2,278
|
|
|
$196
|
$2,353
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$235
|
$2,825
|
|
$256
|
$3,077
|
|
|
$274
|
$3,291
|
|
|
$284
|
$3,409
|
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 San Antonio, Texas?
On average, in San Antonio, it costs $2,645 per year for a home insurance policy with $300k in dwelling coverage. For comparison, the state average in Texas for $300k in dwelling coverage is 32 percent less at $3,884 per year. The national average cost of home insurance is $2,304.
San Antonio rates by credit tier
In many states, insurance companies can use your credit history to calculate a credit-based insurance score to help determine your homeowners insurance rates. Typically, homeowners with good or excellent credit qualify for the cheapest rates. The table below shows how your credit tier affects rates for the five cheapest home insurance companies in San Antonio.
|
|
|
|
|
|
|---|---|---|---|---|
|
Armed Forces
|
$2,367
|
$1,510
|
$1,401
|
$1,277
|
|
$2,205
|
$1,523
|
$1,415
|
$1,217
|
|
|
$3,618
|
$1,748
|
$1,612
|
$1,261
|
|
|
$2,459
|
$1,815
|
$1,783
|
$1,669
|
|
|
$3,123
|
$2,320
|
$2,192
|
$1,982
|
San Antonio rates by home age
Older homes are often more expensive to insure because they can be more costly to repair or replace. When your home was built can significantly affect how much you pay in premiums for your home insurance. Not only can the age of your home indicate how likely it is that things are nearing their replacement age, but materials and styles used in the construction may be more challenging and expensive to replace now than when the home was built.
|
|
|
|
|
|
|
|---|---|---|---|---|---|
|
Armed Forces
|
$1,982
|
$1,951
|
$1,938
|
$1,649
|
$1,183
|
|
$2,762
|
$2,799
|
$2,903
|
$2,137
|
$1,075
|
|
|
$1,999
|
$2,098
|
$2,134
|
$2,124
|
$1,296
|
|
|
$2,547
|
$2,601
|
$2,560
|
$2,225
|
$1,557
|
|
|
$2,192
|
$2,192
|
$2,192
|
$2,003
|
$2,192
|
San Antonio rates by deductible amount
One way to arrange for more affordable rates is to increase your home insurance deductible, but this has a downside. Your deductible is how much money you must pay out of pocket before any insurance coverage payout can be applied. That means a higher deductible may save you on premiums, but you will have to pay more of your own money if anything goes wrong and you need to file a claim.
|
|
|
|
|
|---|---|---|---|
|
Armed Forces
|
$1,401
|
$1,267
|
$1,129
|
|
$1,378
|
$1,317
|
$1,213
|
|
|
$1,508
|
$1,409
|
$1,045
|
|
|
$1,617
|
$1,617
|
$1,327
|
|
|
$2,192
|
$2,192
|
$2,162
|
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
- Coverage C, Personal Property: $150,000
- Coverage D, Loss of Use: $60,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000, $1,500, $2,000 or $5,000 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, 2015 (base) and 2020.
Bankrate Score
Our 2024 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 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.
Tier scores are unweighted to show the company's true score in each category out of a possible five points