DeSoto, is a small-town cin Dallas and Fort Worth. This charming neighborhood is located 15 miles from downtown Dallas in the southwest corner of Dallas County. DeSoto is home to a wealth of parks and natural areas that offer a perfect location for an outdoor getaway. All of the biggest attractions in the Dallas and Fort Worth area are only a stone’s throw away.
DeSoto has a population of about 53,000 residents, with a homeownership rate of 63.6%, which is slightly lower than the national average of 63.9%.
The price of homeowners’ insurance in DeSoto depends on a number of factors, including the cost of the property, the value of your assets and the materials used to build the house. The location of your house will also have an effect on how much you pay for homeowners insurance. Some communities are more vulnerable to threats, such as wildfire, hail, earthquakes and other hazards. This would make the insurance policy more costly.
|DeSoto Average (Annual)||Texas Average||United States Average|
DeSoto homeowners insurance rates vary based on the insurance provider you choose. Texas Farmers offers the most affordable homeowners insurance in DeSoto at an average of $250 a year, lower than the city’s overall homeowner premium of $986.
|Company||Average Annual Rate|
Depending on which part of DeSoto you live in, you could see a difference in your home insurance’s price. Policies are priced on geographic factors, such as the number of claims made in the surrounding area.
Area code 63020 has the cheapest home insurance rate in DeSoto, with an average price of $843 per year. The table below shows other ZIP codes with affordable homeowners insurance in DeSoto.
DeSoto sits on the southern side of Tornado Alley. Homes here face a higher-than-average risk of destruction caused by tornadoes and other windstorms. Since this area is heavily populated, there is a very high risk that a tornado that hits nearby will result in collateral damage.
Homeowners insurance will provide coverage for your property from natural disasters such as fires and hurricanes. Check your coverage regularly to ensure that the thresholds and coverage amounts for multiple disasters are sufficient. A change in your house’s valuation, added high-value belongings that you have acquired, and natural disasters that have happened recently are good indicators that you need to have your coverage reviewed to ensure you are sufficiently insured.
The level of homeowners coverage you prefer affects your insurance rates. DeSoto households with $200K in dwelling coverage pay an average of $1,658 per year, and those with up to $400K of dwelling coverage pay around $2,576 a year.
|Coverage Level||Average Annual Rate|
Buying homeowners insurance doesn’t have to be complicated and frustrating. Here are some details on the type of insurance coverages available and what they are for:
A homeowners insurance deductible is the amount the insured has to pay when filing for a claim. If you opt for a higher deductible amount, you will pay lower insurance premiums. However, make sure that you can afford the deductible you choose if you have to file for loss.
Below are the typical deductibles provided by most home insurance providers and the average insurance rates.
|Deductible Amount||Average Annual Homeowners Insurance Rate|
Price is always a factor to consider when you’re shopping for homeowners insurance. The insurer’s financial stability is also a critical consideration because it demonstrates its potential to handle claims. Always review the J.D. Power Ranking, AM Best Financial Rating, and Better Business Bureau’s Rating for home insurance.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|Allstate||5 out of 5 stars||A+ (Superior)||A+|
|Amica||5 out of 5 stars*||A++ (Superior)||B-|
|Liberty Mutual||3 out of 5 stars||Not rated||A|
|State Farm||3 out of 5 stars||A++ (Superior)||A++|
|Texas Farm Bureau Insurance||3 out of 5 stars||A+ (Superior)||A|
|Home Insurance Company Near DeSoto, TX||Address|
|David Ungerank: Allstate Insurance||2104 Rock Rd, De Soto, MO 63020, United States|
|Farmers Insurance||108 Easton St, De Soto, MO 63020, United States|
|Shelter Insurance||206 Main St, De Soto, MO 63020, United States|
|Farmers Insurance – Mark Solomon||412 N Main St, De Soto, MO 63020, United States|
|Ernie Weiler – Missouri Farm Bureau Insurance||24 Jefferson Square #24, De Soto, MO 63020, United States|
You might want to consider buying your homeowner and auto insurance plans from the same company if saving money is one of your priorities. Bundling policies in DeSoto can result in an annual savings of 7%.
|Company||Avg. Annual Auto Insurance Rate (With Home Insurance Bundle)|
Your insurance premiums are not tax deductible, except under exceptional situations. You do earn some tax incentives as a homeowner, although these are not related to homeowner insurance.
If you are a landlord or a homeowner who uses half of your house for commercial purposes, you may be entitled to deduct part of your homeowner’s insurance.
It varies depending on the homeowner and the valuation of the house. The good news is that you’re not normally the one who has to answer this question. Your mortgage lender will expect you to have a certain amount of coverage for your house, and your insurance broker will know how to create a policy that makes sense for your house.
At a minimum, though, the insurance should be sufficient to cover the total cost of rebuilding your home in the event of a total loss.