Beaumont, TX Homeowners Insurance

Beaumont is a beautiful small city that sits on the floodplain of Texas. Referred to as the Golden Triangle City, Beaumont has a city population of 116,296, with the metro reaching up to 404,872 people. The city houses Lamar University, with a student population of around 15,000, offering undergraduate and postgraduate courses.

Besides the multiple companies and businesses that fill the city, Beaumont also offers several ways to relax, learn, and have fun. The Art Museum of Southeast Texas, founded in 1889, opens every day of the week to the general public. There is also the Beaumont Children’s Museum that opened its doors in 2012. The city is also home to the Beaumont Art League, the Chambers House, and Texas Energy Museum.

Although not mandated by law, homeowners in Beaumont insure their homes for possible cases of theft, fire, vandalism, and other damaging events. The average homeowners’ insurance in Beaumont, Texas, is $1,518. But the quote for your home will depend on a lot of factors. We’ve put together a comprehensive guide to take you through all you need to know about homeowners insurance in Beaumont, Texas.

Average Homeowners Insurance Cost in Beaumont, Texas

The average cost of homeowners insurance in Beaumont, Texas, is $1,518 annually. The general Texas area is prone to a lot of natural disasters, which usually drives the homeowners rates up. However, Beaumont is relatively safer, hence the drop in price. Compared to the statewide homeowners’ insurance average of $3,500 and a nationwide average of $2,305, we can safely say that Beaumont’s homeowners insurance is relatively cheap.

  Average Homeowners Insurance Cost Annually
Beaumont,  TX $1,518
Texas $3,429
Nationwide $2,305

The Cheapest Homeowners Insurance Rates in Beaumont, Texas

There are a plethora of insurance companies providing coverage for homes in Beaumont, Texas. These companies have different policies with varying coverage and rates. As a homeowner, you want to get the right insurance plan for your home at the most affordable rate.

However, getting the right quote for your home is impossible without an insurance company looking at your property. They’ll want to see the value of the house, the age of the house, your claims history, and your neighborhood before they decide your insurance rate. The table below provides a list of the cheapest homeowners insurance averages in Beaumont, Texas.

Cheapest Homeowners Insurance in Beaumont, Texas

Insurance Company Homeowners Insurance Rate
American National Property and Casualty Company $1,278
The Hartford $1,381
Travelers $1,448
Blue Cross Blue Shield $2,487
Encompass Insurance $2,669

Most Expensive Homeowners Insurance in Beaumont, Texas

Insurance Company Homeowners Insurance Rate
MetLife $10,230
Alfa Insurance $9,111
MAPFRE Insurance $7,425
Safeco Insurance $7,051

Homeowners Insurance by Neighborhoods and ZIP in Beaumont, Texas

The frequency of crime and natural disasters in different neighborhoods also affect where the homeowners insurance rate is set. Below is a table that shows how homeowners insurance rates vary across neighborhoods in Beaumont, Tx.

Cheapest Neighborhoods for Homeowners insurance in Beaumont, Texas

Neighborhoods Average Homeowners Insurance Cost
77703 (Earl Street ) $990
77707 (Augusta Drive ) $993
77713 (Bankston Rd ) $995
77706 (Sheridan Pl) $1,006
77705 (Spindletop Ave) $1,015
77708 (Hidden Valley) $1,037

Homeowners Insurance Rates by Deductible in Beaumont, Texas

When getting an insurance plan, one of the key decisions to make is the deductible to pay towards a claim. The deductible you choose determines the insurance rates you’ll pay. For lower insurance rates annually, a high deductible is the best way to go. Insurance providers offer varying deductible and insurance rates across Beaumont, Texas. The table below shows the average homeowners insurance costs for the different deductibles.

Beaumont, Texas Homeowners Insurance by Deductible

Deductible Homeowners Insurance Rate
$500 $1,500
$1000 $1,357
$1500 $1,278
$2000 $1,160
$2500 $1,090

Beaumont, Texas Homeowners Insurance By Home Value

Home value plays a key role in deciding the right insurance plan cost for your home. Insurance companies charge higher insurance rates for more high-worth homes than low-worth ones. Homeowners with homes less than $50,000 in value pay homeowners insurance average of $253 annually. Those with homes above $300,000 in value pay an average of $3,629.

Beaumont, Texas Homeowners Insurance Rate by Home Value

Home Value Average Homeowners Insurance Rates
>$50,000 $253
$50,000 – $59,999 $541
$60,000 -$69,999 $670
$70,000 – $79,999 $776
$80,000 -$89,999 $875
$90,00 – $99,900 $979
$100,000 – $124,999 $1,143
$125,000 – $149,999 $1,428
$150,000 – $174,999 $1,682
$175,000 – $199,999 $1,947
$200,000 – $249,999 $2336
$250,000 – $249,999 $2855
$300,000 – $399,999 $3,629

Types of Homeowners Insurance Coverage in Beaumont, Texas

A standard homeowners insurance policy provides coverage for the building, personal belongings, liability, and loss of use. Insurance policies usually specify the types of loss or damages they cover, and it’s important to confirm with your insurance provider. The basic types of coverage most insurance plans offer include:

  1. Building Protection Coverage: Covers for any damage to your home and other structures attached to it, like the garage. It also protects you from damage to detached structures on your property.
  2. Personal Property: Covers for loss or damage to personal items in your house such as furniture, jewelry, and clothing.
  3. Liability Coverage: Covers for any liability claims that result from an injury to a non-family member in your house. It also covers legal fees and medical expenses from such injuries.
  4. Loss of Use Coverage: If your property is damaged to an extent it forces you out, this coverage foots the bill of the temporary accommodation you can find.

 

Best Homeowners Insurance Companies in Beaumont, Texas

  J.D Power Rating NAIC Index AM
USAA 5/5 0.15 A++
Allstate 4/5 0.21 A++
Amica 4/5 0.20 A++
State Farm 4/5 0.20 A++
Auto-owners 4/5 0.27 A+
Farmers 3/5 0.37 A
Progressive 2/5 0.14 A
Travelers 2/5 0.5

Tips to Save on Homeowners Insurance in Beaumont, Texas

Depending on your home and other factors, your homeowners insurance rate could be either on the high or low side. Either way, you can always save up a good amount of money by bundling your car and home insurance policies. When you do that, you combine both insurance plans, qualifying you for some good discounts.

Homeowners Insurance Resources for Beaumont, Texas Residents

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Beaumont, TX Homeowners Insurance FAQs

Beaumont, Texas, is very prone to natural disasters like hurricanes due to its proximity to the Gulf Coast. So, it’s imperative to get some coverage for these catastrophes. However, a basic homeowners insurance package in Beaumont does not cover damages from these natural events. Consider getting separate insurance coverage for these disasters.

While the national average for burglaries stands at 37,814, the average for Texas is a screaming 190,898. A standard homeowner insurance plan covers for loss and damages from theft and vandalism. However, you can enjoy a discount on your insurance cost if you install a security system in your home.

Getting cheap homeowners insurance isn’t the problem; getting one that provides adequate coverage is. You have to take a look at your home and any peculiarities in the neighborhood. Compare quotes from different insurance providers. Then you can decide on the most affordable plan that’s best for your home.

Yes, you can combine your auto insurance and home insurance. Most insurance companies offer a mixed insurance policy that allows you to do that. This approach’s main advantage is that you get to save some money from the bundle insurance plan.

Some neighborhoods have more filed claims than other areas. As a result, insurance providers will charge higher insurance costs for areas with a high number of claims. Also, the security risk of an area is factor insurance companies consider. Safer regions tend to enjoy lower insurance policy rates.

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