The average homeowner in Fort Worth, Texas, pays $5,458 annually for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible. This is higher than the national annual average of $2,584 and the Texas state average of $4,789 for the same amount of coverage.

Fort Worth homeowners may face expensive home insurance rates due to the city’s exposure to several environmental risks, including drought, windstorms, hail, winter storms, and tornadoes.1

Here’s what you should know about finding home insurance in Fort Worth.

Best home insurance companies in Fort Worth

Many quality home insurance companies serve customers in Fort Worth. The best company for you will depend on your specific coverage needs and budget. It’s a good idea to compare quotes from multiple insurance companies to find affordable coverage.

Start your search below with three of the best home insurance companies in Fort Worth.

Best company for low premiums: Mercury Insurance

Best company for customer service: State Farm

Best company for military homeowners: Armed Forces Insurance Exchange

Cheapest home insurance companies in Fort Worth

Home insurance premiums can vary widely from one insurance company to the next. Republic Indemnity has the lowest average premium in Fort Worth, with an average of $2,273 annually.

Below, you can compare average annual premiums from some of the cheapest home insurance companies in Fort Worth. Average premiums reflect costs for home insurance policies with $300,000 in dwelling coverage and a $1,000 deductible.

How much is home insurance in Fort Worth?

Home insurance premiums vary by city and your home details. The size of the property, the coverages you choose, your home’s risk levels for crime and weather events, and the amount of your deductible can all affect how much you pay for home insurance.4

In Fort Worth, homeowners pay an average of $5,458 per year for $300,000 in coverage and a $1,000 deductible. The average annual premium for the same coverage with a $500 deductible is $5,536.

Cost of home insurance by dwelling coverage in Texas

The more insurance coverage you need for your property, the more you’ll pay for home insurance. In Texas, the average home insurance rate varies from $2,037 annually for $100,000 in dwelling coverage to $7,279 for $500,000 in dwelling coverage.

Compare average premiums by dwelling coverage limit below.

Cost of homeowners insurance by deductible amount

Your home insurance deductible is how much you’re financially responsible for when you file an insurance claim. For example, if you have a $1,000 deductible and file a $5,000 claim, you’d pay $1,000, and your insurance company would cover the remaining $4,000.

Higher deductibles result in lower premiums, as the insurance company has to pay out less on your claims. Lower deductibles typically come with higher premiums due to the opposite effect.5

See below for the average annual premiums for different deductible amounts.

Average cost of home insurance in other cities in Texas

Average insurance premiums vary based on the location of your home. This is because natural disaster risk, crime rates, weather patterns, and other factors vary by location and ZIP code. For example, home insurance in coastal cities may be more expensive than in more inland cities, since they’re more prone to hurricanes and flooding.

See below for how Fort Worth home insurance premiums measure up to other cities in Texas. Average annual premiums reflect costs for policies with $300,000 in dwelling coverage and a $1,000 deductible.

What to know about owning a home in Fort Worth

Tarrant County — home to Fort Worth — has a number of natural disasters and weather risks, including hail, flooding, extreme temperatures, droughts, severe storms, winds, earthquakes, and tornadoes. You should consider all these risks when choosing your insurance policy and coverages as a Fort Worth homeowner.

This is particularly true for risks like flooding and earthquakes, which traditional home insurance policies don’t typically cover. For these risks, you need supplemental insurance coverage for protection in the event of a flood or earthquake.

You can purchase flood insurance through the government’s National Flood Insurance Program (NFIP) via approved insurers. Though the U.S. doesn’t have a national earthquake insurance program, some private insurance companies often offer add-on earthquake coverage. You’ll just need to shop around to find it.