5 Best Waco Homeowners Insurance Companies (2025)
Chubb and Travelers are two of the best insurers to consider if you own a home in Waco, Texas.
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In Waco, Texas, homeowners pay about $3,528 per year for a homeowners insurance policy with $300,000 in coverage and a $1,000 deductible. While Waco is known for its lively cultural district, it also experiences extreme weather, including high winds and hot summers.
Nearly every home in Waco is at risk of wildfire, and about one in six properties face the threat of flooding.[?] [?] This mix of perils can result in higher insurance premiums, but plenty of Waco home insurance companies offer coverage to fit your budget.
Quick Facts
Homeowners in Waco pay an average of $3,390 per year for $300,000 in coverage with a $500 deductible.
Waco home prices are up about 8% in 2025, which means higher insurance costs.
Waco doesn’t get Federal Emergency Management Agency (FEMA) rate breaks, so flood insurance in the area is more expensive.
Best home insurance companies in Waco
As a Texas homeowner, you have almost 160 different home insurance companies to choose from.[?] The best home insurance company for you depends on your insurance requirements, budget, and location.
Chubb: Best for protection against wildfires
Travelers: Best for personalized coverage
USAA: Best for military families and veterans
Amica: Best for customer service
Allstate: Best for home insurance discounts
Our editorial team analyzed regional and national home insurance companies that sell policies in Waco 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.
How much is home insurance in Waco?
A standard homeowners insurance policy in Waco costs around $3,528 per year for $300,000 in coverage with a $1,000 deductible. That’s less than the statewide average of $4,140 per year.
Factors like your home’s age, what it’s made of, and where you live affect how much you pay. But personal details like your credit history and past claims can also push your home insurance cost up or down.
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Cheapest home insurance companies in Waco
You can often find a good deal by comparing home insurance companies. Your chosen coverage levels, deductible, policy type, and discounts can lead to different quotes. In the table below, you can see some of the cheapest home insurance companies in Waco.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Republic Indemnity | $900 |
| Farmers | $1,668 |
| Travelers | $1,740 |
| USAA | $1,932 |
| Mercury | $1,944 |
| Foremost | $2,568 |
| Allstate | $2,796 |
| State Farm | $2,796 |
| Nationwide | $3,300 |
| Chubb | $5,820 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $2,208 |
| Farmers | $3,468 |
| USAA | $3,744 |
| Mercury | $4,188 |
| Travelers | $4,236 |
| State Farm | $4,704 |
| Foremost | $6,204 |
| Nationwide | $6,792 |
| Allstate | $6,876 |
| Chubb | $11,736 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Republic Indemnity | $3,204 |
| Farmers | $4,380 |
| USAA | $5,148 |
| Mercury | $6,132 |
| Travelers | $6,288 |
| State Farm | $6,300 |
| Foremost | $9,156 |
| Allstate | $9,384 |
| Nationwide | $9,480 |
| Chubb | $15,552 |
How much homeowners insurance do you need in Waco?
Home insurance coverage is never one-size-fits-all. The best insurers offer a range of policy limits, deductibles, and coverages to fit your property insurance needs.
A homeowners insurance policy typically has six parts:
What to know about home insurance in Waco, TX
Homeowners in Waco face specific challenges. Keep the following details in mind as you shop for homeowners insurance in Waco, Texas:
Home values are climbing. Waco home prices are up more than 8% compared to 2024. Higher home prices usually lead to higher insurance costs.
Wildfire hazards are everywhere. Waco homes have a wildfire risk that’s greater than 74% of other places in the U.S. Standard home insurance policies cover wildfire losses.
Flood insurance costs extra. A standard homeowners policy doesn’t cover flood damage, so you’ll need to buy a policy from a private insurer through the NFIP. Waco homeowners can’t get discounts on a flood insurance policy because the area isn’t part of FEMA’s Community Rating System (CRS).
Tornadoes may require a separate deductible. Waco sits on the eastern edge of Tornado Alley. While most homeowners insurance policies cover wind and hail, you may have to pay a separate deductible for those claims.
Termite infestations are on the rise. Central Texas termite infestations are becoming more common. Termites are a serious concern for homeowners, and standard insurance policies don’t cover termite damage.
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Average cost of home insurance in other cities in Texas
It’s common to see home insurance quotes shift from city to city. Wildfire risk, flood zones, crime rates, and even the number of fire stations in the area affect how much you pay. These factors can cause price differences even between ZIP codes in the same city.
The following table shows average annual homeowners insurance premiums in several major Texas cities:
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 |
Waco homeowners insurance FAQs
Before you pick a homeowners policy, make sure you understand what’s covered. The answers to frequently asked questions below can provide some additional information.
On average, Waco homeowners spend about $3,528 per year for a policy with $300,000 in coverage and a $1,000 deductible, according to Insurify data. You’ll pay more if you add a flood insurance policy, water or sewer backup coverage, or higher coverage limits for valuables like jewelry or fine art.
Republic Indemnity offers the lowest average premium in Waco, at $111 per month for $300,000 in coverage with a $1,000 deductible. Your rates will vary depending on your home’s value, location, and the coverage you choose, among other factors.
There’s no single “best” home insurance company for everyone. But Chubb, Travelers, USAA, Amica, and Allstate are all great insurers for Waco homeowners. The best company for you depends on your home’s features, your coverage needs, and your budget.
In most states, including Texas, insurance companies can consider your credit-based insurance score when setting rates. A better credit history can help you qualify for lower rates because insurers see it as a sign that you’re less likely to file claims down the road.
Home insurance for a $400,000 house in Waco averages $4,416 per year for a policy with a $1,000 deductible. Your actual cost depends on your coverage choices, deductible, and location.
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