Grand Prairie, TX Homeowners Insurance

The City of Grand Prairie has developed from a small railroad town to a vibrant suburb of around 193,000 residents in the Dallas-Fort Worth Metropolitan Area. Usually, this area has a humid subtropical climate with long, hot summers and mild winters. Yet occasionally, the Grand Prairie experiences occasional tornados, hail storms, and heavy rains. If you buy a new or pre-owned home nearby, you can cover your investment with Grand Prairie, TX homeowners insurance.

The best way to buy affordable home insurance in Texas is to get quotes from several insurance providers. Residents in the Dallas Metropolitan Area get better average prices than homes in many other areas of Texas. A licensed agent can inform you of the cost of homeowners coverage on your house. Your own Grand Prairie homeowners insurance premium relies on several factors, including:

  • Age and value of the home
  • Location
  • Personal risk factors
  • Level of liability coverage

Learn average homeowners’ insurance premiums in Texas with the data below. Remember, the prices differ based on the specifics of your coverage.

How Much Does Homeowners Insurance Cost in Grand Prairie?

Homeowners Insurance: Grand Prairie Rates Vs. State + National Averages

Grand Prairie Average (annual)Texas AverageUnited States Average
$2,200$3,468$1,548

Grand Prairie Home Insurance by Company

Homeowners insurance premiums in Texas depend on the insurance provider you choose. Texas Farm Bureau offers the lowest homeowners insurance in Grand Prairie at an average of $1,640 a year. This contrasts favorably with the average state premium of $2,200, a difference of $560.

The 5 Cheapest Homeowners Insurance Companies in Grand Prairie

Insurance CompanyAverage 12-Month Rate in Texas
Texas Farm Bureau$1,640
Farmers$1,920
United$2,215
Liberty Mutual$2,560
USAA$2,660

Grand Prairie Home Insurance by ZIP Code

Not every region in Grand Prairie has the same cost of home insurance. Policies are also priced on geographic factors, such as the number of lawsuits made in the immediate neighborhood, which means that the community you live in can significantly affect how much you need to spend to insure your house.

Cost Of Homeowners Insurance By Zip Code in Grand Prairie

Zip Codes in Grand Prairie AreaHomeowners Insurance Cost
75052 (Estes Park)$1,000
76065 (Midlothian)$1,020
76002 (Southeast Arlington)$1,000
75104 (Cedar Hill)$1,000
76065 (Midlothian)$1,010

 

Grand Prairie Home Insurance by Coverage Levels

Your preferred level of homeowner compensation affects the insurance rates you pay. In Texas, retaining $200K rental coverage costs an average of $3,000 per year, while offering housing coverage up to $800K costs $7,800/year.

Homeowners Insurance Rates in Texas—Common Coverage Tiers

Coverage LevelAverage Annual Premium
$100,000 Dwelling$1,360
$200,000 Dwelling$2,200
$250,000 Dwelling$2,550
$400,000 Dwelling$3,750

Grand Prairie Homeowners Insurance Coverage Types

Homeowners insurance protects you from damage to your home, garage, and land. When your house is hit by events such as theft, arson, earthquake, hail storm, or other disasters, your homeowners insurance includes a part of the coverage you can use to restore and reconstruct your property. 

Usually, the policy will have the following coverage:

  • Loss to property that requires restoring the foundation of your house after a tragedy
  • Content coverage for repairing your stolen or destroyed clothing, furniture, and appliances
  • Liability that covers medical and legal bills for physical harm and personal loss claims, whether you are at fault or someone is suing you for injury or property damage

You might need to include other forms of policies that are beneficial to you, such as home business insurance, umbrella coverage, and RV (recreational vehicle) coverage. An independent contractor will merge your policies to save you time and money every month.

What Isn’t Covered by Homeowners Insurance?

Although internal floods from burst pipes are insured, the damage caused by natural floods, such as excess rain and overflow of streams, is not covered by a traditional homeowners insurance. The City of Grand Prairie participates in the National Flood Insurance Scheme, which allows you to purchase cheap flood insurance to protect your house and land in the event of a flood. A local agent can help you buy this coverage.

Number of Catastrophes in Texas and the US

  • National number of catastrophes: 19,030
  • Number of catastrophes in Texas: 1,930
  • National number of tornadoes: 1,230
  • Number of tornadoes in Texas: 220
  • National property damage from weather: $5,511,275,000
  • Property damage from weather in Texas: $1,026,155,000

Grand Prairie is located in Tornado Alley. The risks of sustaining tornado damage here are better than in the rest of Texas or other areas of the country. A recent tornado that hit Tarrant County caused an estimated $5 million in damage.

Hail storms, heavy rainfall, tropical storms, and flooding are also problems for the inhabitants of Grand Prairie. The right Grand Prairie homeowners insurance policy will protect you against financial risks when unexpected events occur.

Theft in Texas

  • National average for burglaries: 37,810
  • Grand Prairie number of burglaries: 135

No one expects to be robbed, but to protect your property from the danger of robbers or vandals, you might want to get homeowners insurance that provides coverage for that.

Top Home Insurance Agents Near Grand Prairie, TX

Home Insurance Company Near Grand Prairie, TXAddress
Mark Erwin: Allstate Insurance2100 N Hwy 360 Ste 106a, Grand Prairie, TX 75050
Chapman-Cornelius Insurance Services, Inc.821 Greenview Dr, Grand Prairie, TX 75050
La Familia Auto Insurance515 S Carrier Pkwy #101, Grand Prairie, TX 75051
Farmers Insurance – Richard Salinas2000 S Belt Line Rd Ste 100, Grand Prairie, TX 75051
Allstate Insurance Agent: David Phillips325 W Westchester Pkwy #200, Grand Prairie, TX 75052

Grand Prairie Home Insurance by Deductible Amount

Grand Prairie homeowners have several decisions to make before buying a homeowners insurance policy, including the amount of their deductible. A deductible is an amount for which the homeowner is liable before the insurance company pays the claim. The deductible you choose will have a significant effect on the cost of your insurance premiums.

When choosing a deductible, note that the higher your deductible is, the lower the premium will be. Therefore, if you prefer paying smaller home insurance premiums, you need to choose a higher deductible. Just keep in mind that the deductible should be an amount you can pay if you need to file for a claim in the future.

Here are some of the usual deductibles and the corresponding premiums for your reference.

Home Insurance Cost by Deductible Amount in Texas

Deductible AmountAverage Annual Homeowners Insurance Rate
$500$2,710
$1,000$2,550
$1,500$2,480
$2,000$2,290
$5,000$2,000

Best Home Insurance Companies in Grand Prairie

Price is one 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 AM Best financial rating and the Better Business Bureau rating for home insurance.

CompanyA.M. Best RatingBBB ratingJ.D. Power Ranking
All StateA+ (Superior)A+5 out of 5 stars
AmicaA++ (Superior)B-5 out of 5 stars*
Liberty MutualNot ratedA3 out of 5 stars
State FarmA++ (Superior)A++3 out of 5 stars
Texas Farm Bureau InsuranceA+ (Superior)A3 out of 5 stars

Bundle Home And Auto Insurance to Save Money in Grand Prairie

If you wish to save on home insurance, try getting your home and car insurance plans from the same insurance provider. Bundling policies in Grand Prairie can amount to an average savings of $121.

 

Home and Auto Insurance Bundling Discounts in Grand Prairie

Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)Yearly Savings ($)Annual Savings (%)
$1,780$1,660$12O6%

Grand Prairie Homeowners Special Considerations

As mentioned earlier, the Grand Prairie and the entire Dallas-Fort Worth Metropolitan Area are located in Tornado Alley. Grand Prairie, Texas has had more than its fair share of hurricanes, tornadoes, hail storms, droughts, and prolonged heatwaves. Each year typically involves planning homes for the likelihood of another devastating hurricane or flood, including everything from retrofitting and fortifying your house to double-checking your homeowners’ policies to make sure you’re completely insured.

However, the risks of sustaining tornado damage here are better than in the rest of Texas or other areas of the country. But it still pays to be cautious. A recent tornado that hit Tarrant County caused an estimated $5 million in damages.

Grand Prairie Homeowners Insurance Resources

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Grand Prairie, TX Homeowners Insurance FAQs

Yes—GEICO sells insurance to homeowners in Grand Prairie, Texas.

Grand Prairie, TX  homeowners insurance is more costly than some other states because of the region’s risks. These include hail and windstorms, flash flooding, tornadoes, wildfires, and (in coastal areas) hurricanes. Natural disasters of this nature can do a lot of harm, and they’re likely to hike up prices.

There are a variety of coverage opportunities open to property owners in Grand Prairie. Levels of coverage are provided by the Insurance Services Office (ISO) provides the levels of coverage, an advisory body that designs insurance plans and helps states fulfill regulatory criteria.

Typical homeowners coverage types include:

  • HO-1 (Basic): the most basic type of home coverage. All the threats involved—causes of loss—are laid out in the policy. 
  • HO-2 (Wide): This proposal is referred to as a broad one, as it expands the scope to cover more risks. It points out the dangers protected for both the property and its contents.
  • HO-3 (Special): The most general form of a homeowner policy, HO-3 is an open risk policy, which ensures the property is shielded from all dangers unless explicitly specified as not covered. The contents of a house are also susceptible to named dangers.
  • HO-5 (Comprehensive): This has the most extensive coverage homeowners insurance plan.

Members of the army and their families should take a closer look at the USAA, which caters specifically to them. Besides offering premiums as low as $2,035 a year and a high degree of customer support, USAA provides a range of military-specific advantages that can cater to those serving in the armed forces. FYI, USA personal property coverage is available everywhere, except in conflict zones—the majority of insurers make a special exception for such unsafe areas. Citizens on active service will not face a deductible on USA insurance claims on their uniforms.

USAA also has a very high financial stability rating, showing its unmatched ability to satisfy claims requirements in any economic or natural disaster scenario. A++ has been obtained from A.M. Best, which is the highest-ranking offered by the organization.

UPC is recommended for Texans to find coverage from home insurers who specialize in hurricanes and other tropical storms. UPC’s specialty is in coastal areas, and they are well prepared to respond to hurricanes and flooding, along with everything else your home might encounter. The company has annual premiums of $2,310 statewide—$145 more than the national average.

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