Allen, TX Homeowners Insurance

Allen City is located in the Northern part of Dallas and used to be a home for indigenous migrants. The city was named after Ebenezer Allen, a politician and a pioneer of railroad development in the country. The economy of Allen significantly grew when railroads were constructed. Trading and bartering became more convenient to its residents while gradually turning the city into one of the financially stable in the state.  Allen has a total of 27.1 per square mile, which is small in contrast to its neighboring cities. The climate in Allen is humid with sub-tropical weather all year. The population, on the other hand, substantially grew. Now, Allen has over 16,000 households making it a target for homeowners insurance companies. 

What is the Average Cost of Homeowners Insurance in Allen?

The rate of homeowners insurance in Allen goes up to $1,220 yearly while the monthly rate is around $100. On a brighter note, with the right bundling or insurance agent, homeowners in Allen can save up to $420 yearly. 

Allen Homeowners Insurance Rate VS Statewide and Nationwide Average

Homeowners insurance companies in Allen offer reasonable rates for their residents. The statewide average in Texas is around $3,420 yearly. Hence, the state of Texas has the fifth most expensive homeowner’s insurance rate in the country. On the other hand, the city of Allen has an average homeowners insurance cost is $1,225 while the nation’s average is $1,210 per year which is substantially cheaper than Texas’ average rate.  

Homeowners Insurance: Allen Rates Vs. State + National Averages

Allen Average (annual) Texas Average United States Average
$1,220 $3,424 $1,210

Which companies offer the cheapest homeowners insurance option in Allen?

In Allen, TX, Allied Property And Casualty Insurance Company offer comprehensive coverage at a cheaper rate. Additionally, the United Property and Casualty Insurance Company also provide affordable homeowners insurance. There are other homeowners insurance companies around Allen that deliver comprehensive options with enticing discounts to homeowners. But, to gain the most ideal quote, it is important to shop around for multiple companies to see which can offer the best deal for the current condition of your home.
Company Average Annual Rate
Allied Property And Casualty Insurance Company $1,076
United Property & Casualty Insurance Company $810
Texas Farm Bureau Mutual Insurance Company $1,024

Homeowners Insurance Rate By ZIP Codes

Where your house is located with considerations to its surrounding vicinities also influences your homeowners’ insurance rates in Allen. Residing in areas near public safety departments such as police stations and fire stations, it is likely for your rates to be cheaper than those who live in locations prone to crimes and natural disasters. 
Streets Around Allen Average Annual Home Insurance Rate
75013 $1,021
75002 $1,054

Allen Home Insurance Costs by Deductible 

Your deductibles also cause your homeowners insurance rate to either increase or decrease. The level of your deductible pertains certain rate on your Allen homeowners insurance annually. Essentially, if you pay higher deductibles, your homeowner’s insurance rate will also level with it. In other words, you will be paying cheaper homeowners insurance costs than those who pay lower deductibles. 
Deductible Level Average Annual Homeowners Insurance Rate
$500 $1,453
$1,000 $1,313
$1,500 $1,242
$2,000 $1,120
$5,000 $1,057

Best Home Insurance Companies in Allen

As was mentioned, there are several major players in Allen. Some of which earned top-notch ratings from J.D. Power and BBB. These ratings were evaluated according to the company’s financial stability, comprehensive disaster coverages, and other factors that project the reliability of the company.
Company J.D. Power Ranking A.M. Best Rating BBB rating
Amica 5 out of 5 stars A+ (Superior) A+
UPC Insurance 4 out of 5 stars* A+ (Superior) A
USAA 4 out of 5 stars A++ (Superior) A

Top Home Insurance Agents Near Allen

Hiring an expert to help you decide which homeowners insurance company is ideal for you to guarantee savings. Homeowners insurance agents in Allen mastered every aspect of the business. They help many homeowners buy a bundle that is ideal for their current homeowner’s profile while enjoying a cheap monthly rate.
Home Insurance Company Near Allen Top Homeowners Insurance Agents in Allen Address
Farmers Edward Vazquez 2117 Martin Dr, Bedford, TX, 76021
State Farm Ron Morgan 2101 E Highway 114 Ste B, Trophy Club, TX, 76262-7002
Nationwide Mellissa Cruz Agency Llc 1106 Hwy 360 STE 100, Grand Prairie, TX, 75050

What Are the Most Common Coverage Options in Allen?

There are different coverage options that you can choose and bundle based on the condition and location of your home and your preferences. These options include home protection, medical coverage, additional living expenses, and more. Common coverage options offered in Allen are described in more detail below.  Property or Dwelling Coverage: Covers the cost of home repairs for damage caused by events such as windstorms or kitchen fires.  Personal Liability Coverage: Covers injuries to you and your family from an accident in your residence for which you are responsible.  Medical Coverage: Covers injuries to guests who are injured on your property. (Does not cover injuries to you or others living in your residence.)  Additional Living Expense: If your home acquires severe damage and is not livable, your insurance provider will cover the cost of house rentals for up to 24 months or until your home is completely safe and rebuilt.  Asset Protection: Covers valuable assets on your property, such as art, antiques, and/or collectibles. In any case that these assets are stolen or lost, the insurance company will replace them.  Scheduled Personal Property Coverage: Provides full coverage (beyond the partial coverage offered by asset protection) for specific valuables of your choice.  Property Rental Coverage: Covers the risks are taken by renting out your home for extended periods of time including liability costs, property damage, and loss of rental income.

How To Save On Your Homeowner’s Premiums in Allen?

  • Bundling: It is one strategy homeowners in Allen do to keep their home insurance on average. With the comprehensive discounts homeowners, insurance companies offer their clients, many are bundling coverages ideal to the current condition of their residence.  
  • Shop Around: It is not enough to just look at one or two homeowners insurance companies. Comparing several rates from various companies will aid you in deciding which has the best coverage that suits your house. 
An Expert Agent: Despite you already know a little bit about homeowners insurance quotes, ideally, hiring an experienced agent is still the best thing to do. Apart from giving you the perfect option, it will also save you a lot of time and effort from doing your own research. Hence, to guarantee your savings, hire an expert homeowners insurance agent.

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Allen, TX Homeowners Insurance FAQs​

There are several companies in Allen that provide comprehensive options for catastrophic incidences. Amica, on the other hand, gives the best coverage for floods. 

As was discussed, the higher the deductible you pay the lower your rate will be. Hence, if you are a $500 deductible, your rate will go around $1,453 yearly. 

According to BBB rating and J.D. Power, Amica is the best homeowners insurance company in Allen. With their comprehensive coverage options, Amica renders reasonable homeowners insurance rates. 

Every location around Allen gains rates individually. The homeowner’s insurance costs are evaluated by looking closely at the risk the property carries. In areas with ZIP code 75002 pay an average of $1,054 per year.

The average cost of homeowners insurance in Allen is $1,220 annually which is cheaper than the statewide average. 

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