Grapevine, TX Homeowners Insurance

Grapevine is a suburb of Dallas in Tarrant County. It is one of the best places to live in Texas. Living in Grapevine gives people a dense residential feel and most of the residents own their homes. There are a number of cafes, coffee shops and parks in Grapevine. A lot of families and young adults live in Grapevine, and residents tend to be traditional.

Grapevine has a population of about 53,000 residents, with a homeownership rate of 53.9%, which is lower than the national average of 63.9%. 

The price of homeowners’ insurance in Grapevine depends on a lot of factors, including the valuation of the house, the value of your belongings and the materials used to build your home. The location of your property will also have an effect on how much you spend on homeowners insurance. Some areas are more vulnerable to threats, such as wildfire, hail, earthquakes and other hazards. This would make the insurance policy more costly.

How Much Does Homeowners Insurance Cost in Grapevine?

Homeowners Insurance: Grapevine Rates Vs. State + National Averages

Grapevine Average (Annual) Texas Average United States Average
$1,090 $3,468 $1,548

Grapevine Homeowners Insurance by Company

Grapevine homeowners insurance rates vary based on the insurance provider you choose. Texas Farmers offers the most affordable homeowners insurance in Grapevine at an average of $250 a year, lower than the city’s overall homeowner premium of $986.

Affordable Homeowners Insurance Companies in Grapevine

Company Average Annual Rate
Texas Farmers $250
ASI Lloyds 1,079
Safeco $1,081
United $1,092
Travelers $1,179

Grapevine Homeowners Insurance Prices by ZIP Code

Depending on which part of Grapevine 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 76034 has the cheapest home insurance rate in Grapevine, with an average price of $919 per year. The table below shows other ZIP codes with affordable homeowners insurance in Grapevine.

Cheapest Neighborhoods for Homeowners Insurance in Grapevine

ZIP Code Average Annual Home Insurance Rate
76034 (Colleyville) $919
76051 (Grapevine) $1,010
76092 (Southlake) $1,090

Number of Catastrophes in Texas and the US:

  • National number of catastrophes: 19,003
  • Number of catastrophes in Texas: 1,905
  • National number of tornadoes: 1,230
  • Number of tornadoes in Texas: 220
  • National property damage from weather: $5,511,270,000
  • Property damage from weather in Texas: $1,026,150,000

Grapevine 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.

Grapevine Homeowners Insurance Rates by Coverage Level

The level of homeowners coverage you prefer affects your insurance rates. Grapevine households with $200K in dwelling coverage pay an average of $1,089 per year, and those with up to $1,698 of dwelling coverage pay around $2,401 a year.

Homeowners Insurance Rates in Grapevine—Popular Coverage Limits

Coverage Level Average Annual Rate
$100K Dwelling $533
$200K Dwelling $1,089
$250K Dwelling $1,328
$400K Dwelling $1,698

What Does Grapevine Homeowners Insurance Cover?

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:

  • Dwelling Coverage: This is your standard insurance policy covering losses and damages to your property’s physical structure.
  • Personal Property Coverage: You may want personal property coverage for your possessions, whether inside or outside your home.
  • Liability Protection: Liability protection covers you if you hurt someone or damage another person’s property.
  • Guest Medical Protection: This coverage is specifically to cover people who are injured on your property.

Grapevine Homeowners Insurance Rates by Deductible Amount

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.

Homeowners Insurance Costs by Deductible in Grapevine

Deductible Amount Average Annual Homeowners Insurance Rate
$500 $1,490
$1,000 $1,290
$1,500 $1,092
$2,000 $890
$5,000 $690

Best Homeowners Insurance Companies in Grapevine

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

Top Home Insurance Agents Near Grapevine, TX

Home Insurance Company Near Grapevine, TX Address
Ed Lair – State Farm Insurance Agent 2250 Pool Rd Ste 100, Grapevine, TX 76051, United States
Christopher Reince: Allstate Insurance 2011 W Northwest Hwy Ste 105, Grapevine, TX 76051, United States
Structure Insurance Group 2451 W Grapevine Mills Cir, Grapevine, TX 76051, United States
Bill Brandes: Allstate Insurance 1340 S Main St Ste 200, Grapevine, TX 76051, United States
Goosehead Insurance – The Merchant Agency 1111 S Main St #110, Grapevine, TX 76051, United States

Bundle Homeowners and Auto Insurance in Grapevine, TX to Save Money

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 Grapevine can result in an annual savings of 7%.

Cheapest Auto Insurance Rates With Home Insurance Bundled in Grapevine

Company Avg. Annual Auto Insurance Rate (With Home Insurance Bundle)
State Farm $1,040
USAA $1,330
Progressive $1,800
Allstate $1,890
GEICO $2,320

Home Insurance Resources for Grapevine Residents

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Grapevine, TX Homeowners Insurance FAQs

Homeowners who take precauti against burglary, incidents and other damages will get better insurance rates and policy discounts. Here are few steps you can do to qualify for a lower premium:

  • Secure your home with dead bolts and window locks.
  • Install a security system with an outside signal and connection to local police.
  • Install and maintain smoke detectors.
  • Install a sprinkler system for fire.
  • Install a fire alarm that automatically alerts the local fire department.
  • Stop smoking.
  • Keep walks and entrance ways clear of snow and ice.
  • You may also qualify for discounts on premiums when you buy both homeowners and auto insurance.

Prior losses are considered predictors of potential losses. If you’ve had a loss before, figures suggest that you’re more likely to suffer another loss in the future. As a result of this correlation, insurance providers use previous loss knowledge to decide whether you qualify for insurance. In addition to having an effect on your ability to receive insurance coverage, a history of property damages can have an impact on the rate you pay for home insurance coverage if you qualify.

In addition to the damages that you are expected to reveal during the application process, the insurance company will use some general information about you, such as your name, date of birth and property address, to produce a customer report known as a loss history report. This report is issued by a third party and will include details on any past allegations made by you or the former owner of the home. 

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