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.
|Grapevine Average (Annual)||Texas Average||United States Average|
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.
|Company||Average Annual Rate|
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.
|ZIP Code||Average Annual Home Insurance Rate|
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.
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.
|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 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|
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%.
|Company||Avg. Annual Auto Insurance Rate (With Home Insurance Bundle)|
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:
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.