5 Best Austin Homeowners Insurance Companies (2025)
Republic Indemnity, Travelers, and USAA offer some of the best homeowners insurance policies in Austin.
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Austin, the capital city of Texas, has a population of around 1 million people, 44% of whom are homeowners.[?] On average, Austin homeowners pay $2,784 per year for $300,000 in dwelling coverage with a $1,000 deductible, which is higher than the national average cost of $2,532 for the same coverage.
Austin homeowners experience wildfires, flash flooding, and other severe weather, making it especially important to secure the right home insurance policy. You can find the cheapest rates by comparing quotes from multiple insurers.
Here’s what you should know about finding the right homeowners insurance policy for your Austin home.
Quick Facts
Republic Indemnity, Travelers, and USAA are some of the cheapest home insurance companies in Austin.
The Texas state average for a home insurance policy with $300,000 in dwelling coverage is $4,140 per year, which is higher than the Austin average.
Austin has the cheapest home insurance rates for a major city located in the coastal plains of Texas. Homeowners living in neighboring metropolitan cities, like San Antonio and Houston, pay an annual average of $3,156 and $5,244 for $300,000 in dwelling coverage, respectively.
Best home insurance companies in Austin
Austin homeowners can choose from several quality home insurance companies. But the best home insurance company for you depends on your unique situation and needs. In addition to cost, you should consider customer satisfaction, quality of coverage, policy options, and more.
Here’s a closer look at a five of the best homeowners insurance companies in Austin.
Best insurer for cheap rates: Farmers
Best insurer for flood insurance: Travelers
Best insurer for high-risk homes: Texas Farm Bureau Group
Texas Farm Bureau Group offers homeowners in Austin below-average rates. While the company hasn’t earned accolades for home insurance, it has earned the top spot for customer satisfaction among auto insurers in Texas in the J.D. Power survey 11 years in a row. Based on that ranking, it’s likely you’ll have a positive customer experience with the company.
The company has served the area in some form since 1952. With a network of local agents, this company might provide the personalized touch you’re looking for. Generally, an insurance agent can help you find the coverage you need, even if you have a home that qualifies as high-risk.
Pros
Below-average rates
Local roots since 1952
Cons
Some negative Yelp reviews
Must work with a local agent to finalize the right policy for you
Best insurer for military families: Armed Forces Insurance Exchange
Around 32,000 veterans live in Austin. If you’re a veteran or have a qualifying military connection, you can earn below-average home insurance rates from the Armed Forces Insurance Exchange. The company sells insurance exclusively to military members, veterans, and qualifying family members.
Pros
Below-average rates
Offers a range of insurance products
Cons
Some negative Yelp reviews
Available only to military members, veterans, and their families
Best insurer for home and auto bundling: USAA
Our editorial team analyzed regional and national home insurance companies that sell policies in Austin to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
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How much is home insurance in Austin?
The average cost of homeowners insurance in Austin is $2,432 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. The exact cost of your policy will vary based on your needs. This is lower than the statewide average of $3,616 per year for the same coverage levels.
Here are several factors that affect premiums in Austin:[?]
Cheapest home insurance companies in Austin
Homeowners in Austin can find the cheapest home insurance with Republic Indemnity. Policyholders with coverage from Republic Indemnity pay a monthly average of $83. While Republic Indemnity offers consistently low rates, shopping around can help you find the company offering the best rates for your unique situation.
Here are some insurance companies offering affordable home insurance in Austin.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Republic Indemnity | $672 |
| Travelers | $1,164 |
| Farmers | $1,512 |
| Foremost | $1,536 |
| USAA | $1,572 |
| Mercury | $1,656 |
| Nationwide | $2,040 |
| State Farm | $2,316 |
| Allstate | $2,436 |
| Chubb | $3,564 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $1,644 |
| Travelers | $2,676 |
| USAA | $3,072 |
| Farmers | $3,408 |
| Mercury | $3,516 |
| Foremost | $3,684 |
| State Farm | $3,864 |
| Nationwide | $4,140 |
| Allstate | $5,988 |
| Chubb | $7,176 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $2,388 |
| Travelers | $3,972 |
| USAA | $4,224 |
| Farmers | $4,464 |
| Mercury | $5,136 |
| State Farm | $5,160 |
| Foremost | $5,436 |
| Nationwide | $5,772 |
| Allstate | $8,172 |
| Chubb | $9,516 |
How much homeowners insurance do you need in Austin?
If you take out a home loan to purchase your home, your mortgage lender will require you to purchase a home insurance policy. While you could cancel the policy after paying off your mortgage, going without homeowners insurance means you’ll have to pay for damage to your home without the help of an insurance check.
When it’s time to purchase homeowners insurance, consider the types of home insurance that a standard policy includes:[?]
Dwelling coverage: If your home requires repair and has extensive damage after a catastrophic event, this coverage helps pay for that. You’ll want to have enough dwelling coverage if you must rebuild your home.
Personal liability: This coverage protects you against lawsuits for bodily injury or property damage. For example, this includes medical payments to someone who injures themselves in a fall on your property.
Personal property: If a covered peril damages your personal belongings, it’s a good idea to get enough coverage to replace them. This involves estimating the value of your belongings.
Loss of use: If you need to rent another place while your home undergoes repairs, this policy will help cover the costs.
Before you move forward with a policy, read the fine print and confirm the policy meets your specific needs. It’s critical to understand exactly what your home insurance policy covers and what it doesn’t.
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What to know about home insurance in Austin, TX
Austin homeowners typically see lower home insurance rates compared to homeowners living in San Antonio or Houston. This is because Austin’s inland location in Central Texas makes it a relatively low-risk area for natural disasters like hurricanes and tornadoes. While Austin remains vulnerable to flash floods during heavy storm surges, the city’s flood drainage systems aim to lessen potential damage.
As you look for homeowners insurance, it’s important to consider some of the biggest risks facing Austin homeowners. Here are a few of the risk factors to consider:
Average cost of home insurance in other cities in Texas
Where you live has a big influence on your home insurance costs. Rates often vary by city and ZIP code due to factors like the frequency of weather events in your area, crime rates nearby, and your proximity to a fire station. For example, some areas in Austin are prone to flash floods, which means you’ll likely pay more for insurance if you live in that area of town.[?]
In general, the average cost of homeowners insurance is higher in major cities due to the higher cost of repairs and more potential perils in urban areas.
The table below highlights how average rates vary by city in the Lone Star State.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| El Paso | $1,944 |
| Austin | $2,784 |
| San Antonio | $3,156 |
| Dallas | $4,368 |
| Lubbock | $4,440 |
| Houston | $5,244 |
| Corpus Christi | $6,108 |
Austin homeowners insurance FAQs
Finding the right amount of coverage for your insurance needs is important. The following information should answer your remaining questions about finding cheap Austin homeowners insurance.
The average cost of home insurance in Austin is $2,784 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. For the same coverage with a $500 deductible, the average cost in Austin is $2,675 per year. If you decide to purchase a separate flood insurance policy, you’ll have to pay another premium.
Republic Indemnity has the cheapest homeowners insurance in Austin, with an average monthly premium of $83 for $300,000 in dwelling coverage.
The best home insurance companies in Austin include Republic Indemnity, Travelers, USAA, Farmers, and Mercury. Keep in mind that each insurance company is different, so if you’re searching for affordable coverage and have specific homeowner needs, compare home insurance quotes from multiple insurers to find what’s best for you.
No. Texas doesn’t require homeowners to purchase home insurance, but your mortgage company will. Even if you’ve paid off your mortgage, you should maintain home insurance to avoid expensive out-of-pocket costs following damage to your home.
The average annual cost to insure a Texas home with $500,000 in dwelling coverage is $6,288 for a policy with a $1,000 deductible and $3,978 for a policy with a $500 deductible.
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