Galveston homeowners pay some of the highest average home insurance rates in Texas and much higher rates than the national average. For a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible, Galveston homeowners pay $7,953 annually.

Given its coastal location, Galveston is prone to severe weather. Homeowners in the city should consider purchasing robust flood insurance and windstorm coverage in addition to standard home insurance.

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

Best home insurance companies in Galveston

Galveston homeowners have plenty of quality home insurance options. The best home insurance company for you will depend on your specific coverage needs, budget, and home characteristics. Start your search below with three of the best insurers in Galveston.

Best company for affordable rates: State Farm

Best company for flood risk: Allstate

Best company for military and veterans: Armed Forces Insurance Exchange

Cheapest home insurance companies in Galveston

Texans pay some of the highest average home insurance rates in the country, and Galveston’s are particularly costly. But the following insurers offer relatively affordable rates for Galveston homeowners. Average annual premiums below reflect costs for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible.

How much is home insurance in Galveston?

Galveston homeowners pay an average of $7,953 per year for a home insurance policy with $300,000 in dwelling coverage and $1,000 deductible. The average cost of a policy with a $500 deductible is $8,067 annually.

Your particular rates can vary based on a variety of factors, including your coverage level, your location, the age of your home, the value of your home, your credit, and your home’s claims history.4

Cost of home insurance by dwelling coverage in Texas

Your coverage level is a major factor that determines your home insurance rates. High coverage levels typically come with higher premiums. Your coverage level may vary based on the value of your home and the liability risks in your area.

The following table outlines the average annual premium for Texas homeowners based on dwelling coverage limits. Average annual premiums reflect costs for a policy with a $500 deductible.

Cost of homeowners insurance by deductible amount

In the event of a claim, your home insurance deductible is the amount you pay out of pocket before your insurance coverage kicks in. Choosing a lower deductible often comes with higher monthly premiums. As you raise your deductible, your premiums decrease, but you’re on the hook for more out-of-pocket costs if you need to file a claim.

Here’s how your average annual premium will vary based on your deductible for a home insurance policy with $300,000 in dwelling coverage.

Average cost of home insurance in other cities in Texas

Average home insurance rates vary by ZIP code. Differences in local weather patterns, crime rates, and average home values can lead to city-by-city differences in average home insurance rates.

Check out the table below to see the average cost of home insurance in other Texas cities for a standard policy with $300,000 in dwelling coverage and a $1,000 deductible.

What to know about owning a home in Galveston

The biggest thing to know about owning a home in Galveston is the risk of flooding. High-tide floods are growing in frequency, and the risk of storm surges from hurricanes and tropical storms is high given the city’s location along the Gulf Coast. Galveston homeowners should purchase flood insurance from FEMA’s National Flood Insurance Program (NFIP).

The likelihood of storms also makes windstorms a major risk for Galveston residents. According to First Street, a climate risk assessment tool, 100% of homes in Galveston have some level of wind risk. While hurricane insurance isn’t stand-alone coverage, Galveston homeowners should choose homeowners coverage with robust windstorm insurance.

Given the flooding and windstorm perils, Galveston homeowners might also want to purchase sewer backup coverage, mold coverage, and loss of use insurance, which helps cover temporary living expenses if they have to vacate their homes.

Texas homeowners should make sure their policy includes dwelling coverage, personal property coverage, liability protection, and any necessary add-ons. To determine how much personal property coverage you need, take a comprehensive home inventory. Review your policy declarations page to make sure you have sufficient coverage.