Pasadena’s green landscape is a reminder of the early settlers of a similar city in California, from which the town took its name. The community became a major producer of strawberries after Clara Barton of the American Red Cross donated 1.5 million plants to the area farms damaged by the 1900 Galveston hurricane. Later, shipping and industry replaced agriculture as the primary provider of the local economy. Home to more than 153,000 residents, the rate of homeownership in Pasadena is 52.9%—lower than the national average of 63.9%.
If you have a home or are looking to buy a home in Pasadena, don’t forget about homeowners insurance, which is an essential part of owning a home. Along with your personal belongings, homeowners insurance covers your home against many hazards, including damages from wind, fire, and vandalism.
The cost of insurance coverage for homeowners depends on many factors, including the home’s value, the value of your items, and the materials used to build the house. Your property location may also have an impact on how much you pay, as Pasadena is prone to dangerous hazards. If your neighborhood is at risk of hail, strong winds, fire, or hurricane activity, your premiums could be substantially higher than the average.
|Pasadena Average (annual)||Texas Average||United States Average|
The policy premiums for homeowners in Pasadena depend on the insurance provider. Texas Farmers, the most affordable home insurance company in Pasadena, provides an estimated premium rate of $240 a year. This is significantly cheaper than the city’s average homeowners insurance premium of $1,177.
Below are the cheapest homeowners insurance providers in Pasadena, Texas.
|Company||Average Annual Rate|
The amount of home insurance coverage you want affects your insurance premiums. In Pasadena, carrying $100K of housing coverage costs an average of $930, while carrying up to $400K of extra coverage costs $3,444/year.
|Coverage Level||Average Annual Rate|
Homeowners insurance premiums are also calculated based on where in Pasadena you live. Policies are priced on geographic factors, such as the number of lawsuits made in the surrounding area and the natural disaster risks the district usually encounters.
If you’re in search of the most competitive homeowners insurance rates in Pasadena, check out the 77059 ZIP code (Bay Oaks), which typically costs just $1,000 a year on average.
|ZIP Code||Average Annual Home Insurance Rate|
|77059 (Bay Oaks)||$1,000|
|77503 (Ft. Bend)||$1,004|
However, some parts in Pasadena have homeowners insurance costs that are double that of the city average. Such areas 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 coverage in Pasadena is 77058 (Nassau Bay), with an estimated annual cost of $1,072
|ZIP Code||Average Annual Home Insurance Rate|
|77058 (Nassau Bay)||$1,072|
|77505 (River Oaks)||$1,037|
|77586 (El Lago)||$1,036|
One of the decisions you need to make when purchasing a homeowners insurance policy is the deductible amount. A homeowners insurance deductible is the sum you have to spend out-of-pocket as your participation fee when claiming a loss. Choosing the deductible amount impacts how much your homeowners insurance premium will be.
When you consider your deductible, the rule of thumb is that the lower the deductible amount, the higher the premium. As such, if you want cheaper insurance premiums, you can choose a higher deductible. However, note that the deductible amount should be something you can afford in case of an insured loss.
Below are some of the typical deductible amounts provided by most home insurance companies in Pasadena and corresponding average premium rates.
|Deductible Level||Average Annual Homeowners Insurance Rate|
|Home Insurance Company Near Pasadena, TX||Address|
|Farmers Insurance: Sophia Diaz||3327 Red Bluff Rd # A, Pasadena, TX 77503|
|Southern Group Insurance Agency||2610 Pasadena Blvd, Pasadena, TX 77502|
|Scott Loomis – State Farm Insurance Agent||4439 Spencer Hwy, Pasadena, TX 77504|
|Ken Phelps – State Farm Insurance Agent||4207 Fairmont Pkwy, Pasadena, TX 77504|
|Judy Ramsey – State Farm Insurance Agent||6301 Fairmont Pkwy, Pasadena, TX 77505|
One way to save on insurance premiums is to bundle your homeowners insurance and car insurance coverage within the same provider. Bundling policies in Pasadena contribute to an average annual savings of 8%.
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
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:
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 AM Best Financial Rating and Better Business Bureau for home insurance.
|Company||A.M. Best Rating||BBB Rating||J.D. Power Ranking|
|All State||A+ (Superior)||A+||5 out of 5 stars|
|Amica||A++ (Superior)||B-||5 out of 5 stars*|
|Liberty Mutual||Not rated||A||3 out of 5 stars|
|State Farm||A++ (Superior)||A++||3 out of 5 stars|
|Texas Farm Bureau Insurance||A+ (Superior)||A||3 out of 5 stars|
The golden rule of a voluntary deductible is to make sure that you know what you can afford to pay if you have to make a claim. The more you agree to pay for a claim, the lower your premium cost will be.
Beware though that setting an unreasonably high voluntary deductible may save you a few pounds on your premium in the short term, but if you ever need to make a claim, you might find yourself paying a large bill before your insurer pays.
Well, potentially, yes. For example, if you tell your home insurer that your roof is in good condition, your premium will be based on the known risk of storm damage occurring on the average roof. But if, in reality, your guttering is already falling or your tiles are loose, then there will be a greater than average damage during a storm—something that your insurer has not covered on your original premium.
You need to inform your insurer of any changes to your home or content that may impact your coverage. The critical point to remember is that your contract with your insurer is based on the mutual disclosure of information–they charge you a fair premium based on the risks you’ve made them aware of. If these risks change, the value of the “fair” premium will also change.
Most home insurance policies do not cover the standard damage caused by pets.
As the owner, your landlord will be responsible for maintaining the home, so it is up to them to ensure that their property is protected by home insurance. But you’re responsible for any content you own inside. If an accident had anything to do with your possessions, you would be liable for the cost of replacing them if you had no content insurance.