Lewisville, TX Homeowners Insurance

The suburb Lewisville is located in Denton County and was incorporated in 1925, but the community started to grow 80 years before. The city is one of the fastest-growing cities in the United States.

On one side, Lewisville has Lake Lewisville, while on the other, it has Lake Grapevine. Being on the lakeside provides many fun activities, such as boating, fishing, camping, etc. Lewisville lake was constructed to control the floods, and today, it’s one of the main tourist spots in the city. When you visit the lake at sunset, you can see the breathtaking view and enjoy the scenic trails.

As of 2021, the total population of Lewisville, TX is 113,760, and the homeownership rate is 42.1%, with a median home value of $172,100. Lewisville residents are always looking for affordable Lewisville homeowners insurance premiums to protect their homes from damages caused by unforeseen disasters. Whether you are looking for a new homeowners insurance policy in Lewisville or want to switch the current provider, use our Home Insurance Online quote comparison tool and get free insurance quotes from top-rated insurance companies. 

Average Homeowners Insurance Cost in Lewisville

Buying homeowners insurance is important regardless of the city you live in. Your home is the biggest investment of your life, and it is vital to protect it against any unforeseen disasters. A standard homeowners insurance policy protects the homeowner’s assets, personal property and covers any medical bills. 

The average cost of homeowners insurance in Lewisville, TX, is $1,499, which is slightly higher than the national average.   

Lewisville Homeowners Insurance Rates Compared to State and National Average Rates

Lewisville Average (annual) Texas Average United States Average
$1,499 $2,853 $1,478

Lewisville Homeowners Insurance Premiums by Company

When you start looking for affordable Lewisville homeowners insurance premiums, you will notice that rates vary significantly between companies. American National Property and Casualty Company offers the cheapest homeowners insurance in Lewisville, TX.

In the following table, we have listed homeowners insurance rates offered by different insurance providers. Take a look: 

Lewisville Homeowners Insurance Rates by Companies

Company Average Annual Premium Rate
American National Property and Casualty Company $577
Farmer’s Insurance $1,190
Amica Mutual Insurance $1,363
Alfa Insurance $1,842
Safeco Insurance $1,879
Encompass Insurance $2,913
State Farm $3,088

Lewisville Homeowners Insurance Rates by Coverage Amount  

When you purchase homeowners insurance, you need to choose a dwelling coverage limit covering the cost to rebuild or replace your home if it gets damaged due to any covered disaster. 

Your Lewisville homeowners insurance premium is directly affected by the dwelling coverage amount. Here’s how different coverage levels affect your annual homeowners insurance rates:

Homeowners Insurance Rates in Lewisville by Coverage Limits

Coverage Amount Home Insurance Cost 
$100,000 $883
$200,000 $2,425
$300,000 $3,199
$400,000 $3,886
$500,000 $5,002
$750,000 to $1000,000 $5,781

Lewisville Homeowners Insurance Rates by ZIP Code

Not every neighborhood has the same insurance rates in Lewisville. If your neighborhood is prone to wildfires, floods, and heavy snow, you will likely have a high homeowners insurance premium. The cost of Lewisville homeowners insurance depends on the local variables like your home location, number of claims submitted in your neighborhood, crime rate, and cost of the property.    

Take a look at the table below, as we have listed the homeowners insurance rates in Lewisville, TX, based on different ZIP codes.

Cost of Homeowners Insurance in Lewisville by ZIP Codes

Neighborhood ZIP Code Average annual homeowners insurance rate
Honeysuckle Ln 75077 $2,784
Creekhaven Dr  75028 $3,384
Aaron Dr 75067 $4,224
Winehart St 75056 $5,628

Popular Home Insurance Deductibles in Lewisville

When you purchase homeowners insurance, you would be asked to decide a deductible amount. A homeowner insurance deductible is an amount a homeowner agrees to pay the insurance provider before filing a claim. In other words, if you file a claim worth $50000, and your deductible is $500, the insurance company will pay $45000, and you will be responsible for paying the remaining $500. 

The following table shows how Lewisville homeowners insurance rates fluctuate based on different deductible amounts. 

Homeowners Insurance Cost in Lewisville based on Deductible

Deductible Level Average Annual Homeowners Insurance Rate
$500 $1,481.93
$1,000 $1,339.44
$1,500 $1,258.54
$2,000 $1,137.17
$5,000 $1,071.41

Homeowners Insurance Coverages Available in Lewisville  

A standard homeowners insurance policy in Lewisville provides coverage for:

  • Dwelling Coverage: Your homeowner’s insurance policy provides coverage against the damage caused by fire, hurricanes, vandalism, and other covered peril. Your insurance provider will reimburse the cost to repair or replace the structure of your property.  
    • Other Structure: Homeowners insurance also covers the structures attached to your home, such as a garage or shed. 
    • Personal Property: Homeowners insurance covers all the personal property that’s inside your house. Insurance companies also offer ‘Off-Premises’ coverage specific to your personal possessions like jewelry. 
    • Loss of Use: After an unforeseen event, if you are forced to stay out of your home, your insurance policy will cover all the living expenses related to housing and food till your house gets repaired. 
  • Personal Liability: If your son or a dog was responsible for causing an injury to someone or their property, your insurance would cover it. 
  • Medical Expenses: If a guest gets injured at your house, your Lewisville homeowner insurance will be responsible for paying for their medical expenses.   

Best Home Insurance Companies in Lewisville, TX

When looking for a homeowner insurance policy in Lewisville, don’t just pay attention to the cost. You should also consider the customer service, claim process, and financial status of the insurance provider.

We compiled a list of the best Lewisville homeowners insurance companies based on J.D. Power Rankings, A.M. Best Ratings, and BBB Ratings.

Best Cheap Homeowners Insurance Company in Lewisville

Company J.D. Power Ranking A.M. Best Rating BBB rating
Travelers 5 out of 5 star A++ (Superior) A+
Farmers  3 out of 5 stars A+ (Superior) A+
Allstate 3 out of 5 stars A++ (Superior) A+
State Farm 4 out of 5 stars A++ (Superior) A
Liberty Mutuals 3 out of 5 stars A A-

Top Homeowners Insurance Agents in Lewisville

Homeowners Insurance Agency Near Lewisville, TX Address
Chris Marshall – State Farm Insurance Agent 1425 Justin Rd #350, Lewisville, TX 75077
Fellers Insurance Agency 1422 W Main St Ste 100, Lewisville, TX 75067
Robert Wilson: Allstate Insurance 5050 TX-121 Ste 200, Lewisville, TX 75056
Republic Title of Texas, Inc. 4400 TX-121 #210, Lewisville, TX 75056
A-MAX Auto Insurance 1302 TX-121 BUS Ste. C, Lewisville, TX 75067
Joe Irick – State Farm Insurance Agent 724 W Main St Ste 366, Lewisville, TX 75067

Common Causes of Home Insurance Losses in Lewisville 

The most common reason for homeowners insurance claims in Lewisville is hurricanes. In Texas, Hurricane Harvey caused a total loss of $125 billion. Here are other common reasons for homeowners insurance losses in Lewisville:

  • Water damage
  • Hail, thunderstorm, and hurricane damage 
  • Wind damages and tornadoes damages
  • Theft and burglary
  • Fires caused by lightning. 

Money-Saving Tips for Lewisville Homeowners Insurance

If you want to save money on your Lewisville homeowners insurance, you can try these steps: 

  • Renovating your home
  • Bundling your home and auto insurance
  • Construction type of your home
  • Installing sprinklers, fire alarms, and burglar alarms
  • Paying the premium in full. 

The best way to reduce the cost of your homeowners insurance policy is by bundling your home and auto insurance. Bundling can reduce your insurance premium by 20%. Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums. 

Auto & Homeowners Insurance Bundling Discounts in Lewisville, TX

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Lewisville-Flower Mound CCD, Denton County, Texas $132 $177 $265
Hickory Creek town, Texas $132 $177 $265
Hebron town, Texas $139 $185 $280

Special Resources for Residents of Lewisville: 

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Lewisville, TX Homeowners Insurance FAQs

Several factors can affect your Lewisville homeowner insurance, such as:

  • The old roof of your home 
  • Type of construction of your home
  • Age of your house
  • Value of your home
  • Any kind of damage happens from negligence.
  • Having a pet in your house. 
  • Claim history and credit history

There are a number of factors that can decrease the homeowner insurance in Lewisville, such as:

  • Having your home repaired from time to time.
  • Installing home safety systems. 
  • Increasing the deductible amount
  • Reducing the risk of floods

Your Lewisville homeowners insurance policy covers your personal belongings against any damages caused by covered perils. Generally, the policy covers personal belongings at 50% and the loss of use coverage at 20%. 

When you purchase a homeowners insurance policy in Lewisville, you need to have home inventory on hand. The inventory of your personal items will help you determine the coverage level. We recommend keeping a printed copy of your inventory out of your home, someplace it will be safe. 

If your insurance company wants to cancel your Lewisville homeowners insurance policy, they can do so after giving a 45-day notice. The possible reason for the cancellation can be endless. If you receive a notification from the insurance company, you should contact the insurer immediately.

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