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.
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 Average (annual)||Texas Average||United States Average|
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:
|Company||Average Annual Premium Rate|
|American National Property and Casualty Company||$577|
|Amica Mutual Insurance||$1,363|
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|
|$750,000 to $1000,000||$5,781|
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.
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
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.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Lewisville provides coverage for:
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-|
|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|
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:
If you want to save money on your Lewisville homeowners insurance, you can try these steps:
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.
|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|
Several factors can affect your Lewisville homeowner insurance, such as:
There are a number of factors that can decrease the homeowner insurance in Lewisville, such as:
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.