Killeen, TX Homeowners Insurance

Originally Killeen started as a small railroad town, but the city underwent a spurt of development during World War II when the United States army converted Camp Hood into Fort Hood and began to use it as a military recruiting post. Today, Killeen is a thriving town with a population of 130,000. In Killeen, the homeownership rate is 44%, which is below the national average of 63.9%. If you buy a house in this busy city, make sure it’s well covered with the right Killeen homeowners insurance.

Homeowners insurance is a central feature of homeownership. In addition to your possessions, homeowners insurance protects your house in the case of potential dangers, including burglary, arson, strong winds, and vandalism. Given the relative prevalence of such incidents—along with the high expense of restoring or fixing home damages—getting homeowners insurance is a wise choice.

Several things can impact your Killeen homeowners insurance premium. Your past claim experience, home valuation, and your home’s age are some of the factors that insurers take into account when determining policy prices.

How Much Does Home Insurance Cost in Killeen?

Homeowners Insurance: Killeen Rates Vs. State + National Averages

Killeen Average (Annual) Texas Average United States Average
$1,156 $3,468 $1,548

Killeen Homeowners Insurance Cost by Company

Killeen homeowners insurance premiums vary based on the insurance provider you choose. Texas Farmers provides the most affordable home insurance in Killeen at an average of $195 a year. This contrasts favorably with the city’s overall homeowner premium of $1,156.

To get started with your homeowner’s insurance hunt, check out this rundown of the cheapest providers in Killeen, Texas.

Affordable Homeowners Insurance Companies in Killeen

Company Average Annual Rate
Texas Farmers $195
United $8370
Safeco $1,060
ASI Lloyds $1,100
Travelers $1,140

Killeen Homeowners Insurance Cost by Coverage Level

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. In Killeen, carrying $200K dwelling coverage costs an average of $1,340 per year, while getting additional coverage up to $400K costs $2,220 per year.

Homeowners Insurance Rates in Killeen—Popular Coverage Limits

Coverage Level Average Annual Rate
$100K Dwelling $840
$200K Dwelling $1,340
$250K Dwelling $1,540
$400K Dwelling $2,220

Killeen Home Insurance Rates by ZIP Code

Depending on where you live in Killeen, you may see a significant difference in your homeowners insurance cost. The number of lawsuits filed in your geographic area can be a factor in calculating your policy’s price.

If you’re looking for the most affordable homeowners coverage in Killeen, take a look at the 76542 ZIP code (Youngsport), which has an average annual premium of just $999.

If you’re looking for the areas with the most affordable homeowners insurance in Killeen, have a look at the table below.

Affordable Neighborhoods for Homeowners Insurance in Killeen

ZIP Code Average Annual Home Insurance Rate
76542 (Youngsport) $999
76543 (Air Field) $1,101
76548 (Harker Heights) $1,105

However, a few sections of Killeen have higher average home insurance premiums. These areas of the city may be more vulnerable to threats such as burglary, adverse weather, or fires that pose higher risks to insurance providers. One of the most expensive ZIP codes for homeowners insurance in Killeen is 76549 (Maxdale), with an estimated annual premium of $1,072.

Expensive Areas for Homeowners Insurance in Killeen

ZIP Code Average Annual Home Insurance Rate
76549 (Maxdale) $1,072
76541 (Killeen) $1,039
76547 (Copper Mountain) $1,029

Killeen Home Insurance Prices by Deductible Amount

One of the primary considerations when looking at home insurance plans is how much your deductible will be. A homeowners deductible is the amount that the insured would pay before getting a claim for loss. When choosing a deductible, the simple rule is that the smaller your deductible, the higher the premium. This means that if you want cheaper premiums, you should go for a higher deductible. Always remember that when choosing the deductible amount, it should be something you can afford to fork out when filing a claim.

Below are some typical deductibles paid by most home insurance providers and their corresponding insurance premiums.

Homeowners Insurance Premiums by Deductible Amount in Killeen

Deductible Amount Average Annual Home Insurance Rate
$500 $1,355
$1,000 $1,248
$1,500 $1,184
$2,000 $1,085
$5,000 $959

Money-Saving Tip for Getting Home Insurance in Killeen

If you want to save on your average homeowners insurance premium, try buying your homeowners and car insurance plans from the same insurance provider. Bundling policies in Killeen contribute to an average annual savings of 6%.

Cheapest Homeowners Insurance and Auto Insurance Bundle in Killeen

Company Avg. Annual Auto Insurance Rate (With Bundle)
State Farm $1,090
USAA $1,230
Progressive $1,670
Allstate $1,860
GEICO $2,450

Top Home Insurance Agents Near Killeen, TX

Home Insurance Company Near Killeen, TX Address
BKCW Insurance 2100 Trimmier Rd Suite 100, Killeen, TX 76541
Alan Cox State Farm 1201 E Central Texas Expy, Killeen, TX 76541
Kalynn Tindall – State Farm Insurance Agent 2301 E Central Texas Expy Ste 104, Killeen, TX 76543
Connell Insurance Agency 3602 E Central Texas Expy, Killeen, TX 76543
William Rochelle: Allstate Insurance 4400-3 E Ctrl Tx Expy, Ste C, Killeen, TX 76543

Number of Catastrophes in Texas and the US

  • National number of catastrophes: 19,053
  • Number of catastrophes in Texas: 1,955
  • National number of tornadoes: 1,235
  • Number of tornadoes in Texas: 221
  • National property damage from weather: $5,511,272,000
  • Property damage from weather in Texas: $1,026,150,020

Killeen lies in the “Flash Flood Alley” part of central Texas, and flash floods take more lives in Texas than any other form of natural disaster. It is also at the very southern tip of the Tornado Alley. Recent Central Texas wildfires have also affected the region. Ensure that you have coverage for all kinds of natural catastrophes by setting the correct insurance parameters in your existing policy.

Killeen Home Insurance Coverage Options

Buying homes insurance doesn’t have to be complicated and frustrating. Below are some details on the standard types of insurance coverages 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.

Best Home Insurance Companies in Killeen

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 J.D. Power ranking, AM Best financial rating, and Better Business Bureau’s ratings for home insurance.

Company J.D. Power Ranking A.M. Best Rating BBB Rating
All State 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 Resources for Killeen Residents

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Killeen, TX Homeowners Insurance FAQs

Your homeowners insurance will likely expire automatically if you don’t pay your premium on time.

Although health and life insurance plans are required by state statute to provide you with a grace period for premiums, property,  and liability insurance policies; car and home insurances are not usually obligated to do so.

A 10-day cancelation notice is to be sent before the homeowners insurance is canceled. However, the cancelation notice for non-payment will likely be included in your bill and not submitted as a separate notice. 

Many regular homeowners insurance plans prohibit aircraft exposure provisions but can have “model or hobby aircraft” coverage, such as your drone. If your insurance provides this coverage, and if you crash your drone and inflict physical harm or collateral loss, the terms and conditions of your policy should apply.

If you wreck the drone, it can still be covered by the personal property section of your homeowners coverage. However, the deductible for the coverage may be higher than your drone.

The first place to look for a homeowner insurance policy is at your grandfather’s house, wherever he keeps his papers. Another location to search is some off-site area that he might have owned or leased, such as a security deposit box.

If you can’t find the actual policy, look at your grandfather’s checkbook and credit card statements for a record of payment to his home insurance company. You might need to look back a few months if he paid his premium yearly. That could be time-consuming, so another approach would be to get in touch with your grandfather’s mortgage company.

Yes, homeowners insurance covers loss from a vehicle smashing into your house. Harm incurred by cars in your home is identified as a liability protected by regular home insurance plans. Even though the incident may not be your fault, you will be responsible for paying your home insurance deductible. Or you can sue the driver for the damage. If you can collect it or not is another question.

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