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:
Learn average homeowners’ insurance premiums in Texas with the data below. Remember, the prices differ based on the specifics of your coverage.
|Grand Prairie Average (annual)||Texas Average||United States Average|
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.
|Insurance Company||Average 12-Month Rate in Texas|
|Texas Farm Bureau||$1,640|
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.
|Zip Codes in Grand Prairie Area||Homeowners Insurance Cost|
|75052 (Estes Park)||$1,000|
|76002 (Southeast Arlington)||$1,000|
|75104 (Cedar Hill)||$1,000|
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.
|Coverage Level||Average Annual Premium|
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:
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.
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.
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.
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.
|Home Insurance Company Near Grand Prairie, TX||Address|
|Mark Erwin: Allstate Insurance||2100 N Hwy 360 Ste 106a, Grand Prairie, TX 75050|
|Chapman-Cornelius Insurance Services, Inc.||821 Greenview Dr, Grand Prairie, TX 75050|
|La Familia Auto Insurance||515 S Carrier Pkwy #101, Grand Prairie, TX 75051|
|Farmers Insurance – Richard Salinas||2000 S Belt Line Rd Ste 100, Grand Prairie, TX 75051|
|Allstate Insurance Agent: David Phillips||325 W Westchester Pkwy #200, Grand Prairie, TX 75052|
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.
|Deductible Amount||Average Annual Homeowners Insurance Rate|
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.
|Company||A.M. Best Rating||BBB rating||J.D. Power Ranking|
|All State||A+ (Superior)||A+||5 out of 5 stars|
|Amica||A++ (Superior)||B-||5 out of 5 stars*|
|Liberty Mutual||Not rated||A||3 out of 5 stars|
|State Farm||A++ (Superior)||A++||3 out of 5 stars|
|Texas Farm Bureau Insurance||A+ (Superior)||A||3 out of 5 stars|
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 $121.
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Yearly Savings ($)||Annual Savings (%)|
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.
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:
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.