North Richland Hills, Texas is a city centrally located within the Dallas Fort Worth metropolitan area. With nearly 70,000 residents, 1,200 businesses, and 30 major employers, North Richland Hills is Tarrant County’s third-largest city. Residents enjoy a warm and friendly atmosphere and family-friendly amenities, including more than 800 acres of parkland, 30 miles of hiking and bike trails, the award-winning Iron Horse Golf Course, and the NRH2O Family Water Park. In North Richland Hills, the homeownership rate is 62.5%, a little bit below the national average of 63.9 %.
The price of a homeowners insurance policy in North Richland Hills depends on various factors, including your house’s selling value, the cost of your possessions, and the materials used to build your home. The location of your house will also play a significant role in your homeowners insurance premium. Many areas are vulnerable to risks, such as hails, fires, blowing of pipes, eruptions, and other dangers. These risks would result in higher insurance rates for homeowners.
|North Richland Hills Average (Annual)||Texas Average||United States Average|
How much you’ll pay for your North Richland Hills homeowners insurance depends on the insurance provider you’re trying to get your coverage from. The cheapest homeowners insurance in North Richland Hills is offered by Texas Farmers, which provides an average rate of $255 a year, cheaper than the city’s overall homeowner premium of $980.
Below you’ll find a list of the cheapest home insurance providers in North Richland Hills, Texas to help you with your search.
|Company||Average Annual Rate|
How much you pay for homeowners insurance is affected by the amount of coverage you choose. In North Richland Hills, carrying a $100K dwelling coverage costs an average of $770 per year, while carrying up to $400K dwelling coverage costs $2,468 per year.
|Coverage Level||Average Annual Rate|
Homeowners insurance premiums can vary based on where you live in North Richland Hills. One of the considerations that insurers use when pricing your policies is the number of lawsuits made in your area. As such, the location of your house can affect your home insurance premium.
The lowest home insurance price in North Richland Hills is in 76053 at $1,020 per year on average. If you’re searching for places with the cheapest homeowners insurance in North Richland Hills, refer to the table below.
|ZIP Code||Average Annual Home Insurance Rate|
|76053 (North Richland Hills)||$1,020|
|76117 (Haltom City)||$1,040|
Other areas in North Richland Hills have homeowners insurance prices that are above the city average. Crime rates, fire hazards, and even emergency care access could cause insurance providers to see specific areas as higher risk, increasing premiums in those ZIP codes. One of the most expensive North Richland Hills homeowners insurance is in Fort Worth (ZIP code: 76180), with an average of $1,150 per year.
|ZIP Code||Average Annual Home Insurance Rate|
|76180 (Fort Worth)||$1,150|
The deductible is how much your insurance company requires you to pay out of your pocket if you are to file a claim. Your homeowners insurance deductible amount is directly related to how much you spend on your insurance premiums. When you choose your deductible, a simple rule of thumb is that the smaller the deductible, the higher the premium. As such, if you want a cheaper insurance premium, go for a higher deductible. Bear in mind that the deductible should be an amount you can afford when you claim for insurance.
The table below shows the average insurance rates and the corresponding deductibles provided by most home insurers.
|Deductible Amount||Average Annual Home Insurance Rate|
You might consider bundling your homeowners and auto insurance plans with the same provider to save some money. North Richland Hills’s bundling policies could lead to an average annual savings of 7%.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
|Insurance Company||Financial Stability||Experience||Online Reviews|
|Travelers||AM Best A+||Experienced||5 stars|
|USAA||AM Best A++||Experienced||5 stars|
|Progressive||AM Best A+||Experienced||4 stars|
|Hippo||AM Best A-||New||5 stars|
|Encompass (Allstate)||AM Best A+||Experienced||5 stars|
|State Auto||AM Best A-||Experienced||4 stars|
|SafeCo (Liberty Mutual)||AM Best A||Experienced||4 stars|
|Mercury||AM Best A||Experienced||4 stars|
|Towerhill||AM Best A-||Experienced||5 stars|
|State Farm||AM Best A++||Experienced||4 stars|
|Stillwater||AM Best A-||Experienced||5 stars|
|Velocity||AM Best A||New||4 stars|
|Lighthouse||AM Best A-||New||3 stars|
|Foremost (Farmers)||AM Best A||Experienced||3 stars|
|Home Insurance Company Near North Richland Hills, TX||Address|
|A-MAX Auto Insurance||5352 Rufe Snow Dr, North Richland Hills, TX 76180|
|Matt Merkle: Allstate Insurance||9289 Huntington Square Ste 200, North Richland Hills, TX 76182|
|HealthMarkets||9151 Boulevard 26, North Richland Hills, TX 76180|
|Didi Diedrick-Riley – State Farm Insurance Agent||8401 Boulevard 26 Ste 16, North Richland Hills, TX 76180|
|Farmers Insurance – Andrew Fitzpatrick||6709 Mid Cities Blvd Ste A, North Richland Hills, TX 76182|
Texas is notorious for its hail, tornadoes, and extreme humidity. There were 18 incidents of hail within 10 miles of North Richland Hills in 2019. The biggest hailstorm brought 4.5 inches of hail. In October 2019, a tornado devastated Dallas and nearby counties, leaving more than 150,000 residents without electricity and destroying homes and schools.
The state of Texas does not require homeowners insurance, but if you have a mortgage, your lender may request it to authorize a home loan. Often, while not state-required, if you have homeowners insurance, you have a home safety net.
In the unfortunate event that your house is destroyed or damaged, it will cost a lot of money to restore or repair. Without homeowners insurance, you’ve got to pull the money out of your pocket. If you have insurance for your home, you can claim damages to help restore your house. It will also cover theft of your personal belongings.
You’re expected to get it as quickly as possible. You will never know when an unpredictable incident, such as fire, floods, and theft, will happen. Often, as stated earlier, if you get a house loan, your lender will require homeowners insurance. You must look around for the right policy to suit your needs before deciding to buy. Check Insurance Online Comparison Tool to get information on the prices of multiple insurance companies.