Pearland, TX Homeowners Insurance

Pearland, a city of 131,448 people, is one of the fastest-growing cities in the Greater Houston area of the United States. The city is renowned for its affordable housing and safe neighborhoods. However, what stands out most is its incredible retail market that continues to grow in leaps and bounds.

One of the most valuable assets to own in Pearland, Texas, is a personal home. Besides providing year-to-year shelter for your family, it makes for an ever-appreciating asset.  Fixing damages to your home can cost a lot, and that can put a big strain on your finances. A reliable way to buffer that is having an insurance policy covering the cost of repairs or replacements for the damages done. Having the right insurance will put your mind at rest concerning potential hazards and property damage.

What happens if you suffer loss to theft, vandalism, or natural disasters to your home in Pearland? A homeowner insurance policy gives you coverages for such losses. Whether you’re a homeowner or a renter, it’s important to find the right coverage that provides the right value at the right price. The average homeowners insurance cost in Pearland, TX, is $1,390 annually. This insurance rate in Pearland is lower than the national average of $2,305.

We’ve provided a comprehensive guide towards choosing the best homeowners insurance policy for your home in Pearland, Texas.

How Much Does it Cost to Insure Your Home in Pearland, Texas?

Several factors will decide the amount you pay to protect your home in Pearland, Texas. First on the list is the cost of your home. With an average home value of $180,000, it generally costs less to buy a homeowners insurance policy in Pearland than in other Texas cities with more expensive homes and neighborhoods. Another important factor is the cost of rebuilding your home from scratch. So, the higher the cost of rebuilding your home, the higher the insurance rate you’ll pay.

Interestingly, insurance companies also consider the crime rate in your area when calculating the insurance rate. They do this because the higher the crime rate, the higher the possibility of claims from damages due to theft, vandalism, and other crimes. Thankfully, Pearland has a lower crime rate than many other cities in Texas. So you can expect lower insurance rates.

Top Homeowners Insurance Companies in Pearland, Texas

 In Pearland, Texas, homeowners insure their homes with companies that provide the most comprehensive and reliable homeowners insurance policies. In addition to affordability, these companies have a track record of meeting the claims of their clients. They make for a good consideration when looking for an insurance company to work within Pearland.

Best Companies for Homeowners Insurance in Pearland, Texas

Insurance CompanyAverage Homeowner Insurance Rates
Travelers$2,182
ASI Lloyds$2,235
USAA$2, 241
Homeowners$3,052

Homeowners Insurance Rates in Pearland, Texas by Home Value

The total value of your home can give you an idea of how much insurance you’ll pay on the property. Homes less than $50,000 in value usually cost around $140 in insurance cost, while homes higher than $300,000 cost up to $2,100 in insurance rate. Most homes in Pearland falls within $125,000 and $250,000 in value, with insurance costs ranging from $800 to $1,330.

Homeowners Insurance by Home Value in Pearland

Home ValueAverage Homeowners Insurance
Ø  $50,000$140
$90,00 – $99,900$560
$100,000 – $124,999$650
$125,000 – $149,999$810
$150,000 – $174,999$960
$175,000 – $199,999$1110
$200,000 – $249,999$1330
$250,000 – $249,999$1630
$300,000 – $399,999$2080

Homeowners Insurance Rates by Streets in Pearland, Texas

The value of homes varies from neighborhood to neighborhood. Similarly, homeowners insurance rates vary from one area to another, even in the same city, and Pearland is no different.

Homeowners Insurance Rates by Streets in Pearland, Texas

Streets in Pearland, TexasAverage Homeowners Insurance Rates
Marzia Avenue, English Green Way, Cherry Springs, West Plantation Oaks, Bees Creek, Prestwick Square$1,085
Manchester Cove, Caloway Ct, Richmond Knoll, Ryon Way, Coretta Ct, Gardenia, Lilac Breeze Ln$1,089
Moonlight Ct, Garden Gln, Chapel Creek Way, Forest Teal Ct, Blue Leather Ln, Hatteras Way$1,090
Owens Glen, Stones Throw Lane, Dewalt Way, Lazy Hollow, Fitzgerald, Deer Lodge, House Lake$1,109
Emerald Street, Quail Burg, Evening Wind, Rudolph Ct, Steep Bank Page, Hardwood Glen$1,104

Homeowners Insurance Rates in Pearland by Deductibles

A deductible is the amount of money you pay towards a claim. If your home suffers a loss or damage, a deductible is an amount you pay from your pocket before your insurance provider handles the claim. If you agree to a high deductible, the insurance premium will be lower than when you go for a lower deductible.

DeductiblesAverage Homeowners Insurance Rate
$500$1,372
$1000$1,240
$1500$1,167
$2000$1,060
$2500$997

What are the best-rated insurance companies in Pearland, Texas?

When looking for the right insurance policy for your home, you may have to do a lot of shopping around. Comparing policies and rates online is one way to go, and looking at these companies’ ratings is another.

A.M Best Financial Stability Ratings ranks insurance companies on their ability to weather severe economic storms and meet large amounts of customer claims. Another company that provides ratings is NAIC, which issues a Complaint Index that shows customer dissatisfaction.

Ratings for Insurance Companies in Pearland, Texas

Insurance CompanyA.M Best Financial Stability RatingsNAIC Complaint Index
Farmers InsuranceA0.28
AllstateA+0.31
ProgressiveA+0.35
AmicaA+0.24
State FarmA++0.25
Chubb0A++
Liberty Mutual0.45A
AAA0.57A+

Homeowners Insurance Resources for Pearland, Texas

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Pearland, TX Homeowners Insurance FAQs

Standard homeowners insurance policies in Pearland offer Property Damage Coverage, which pays for damages to your home and belongings; Other Structures Coverage, which takes care of damages to other structures detached from your home; and Personal Liability Coverage that helps protect against liabilities you incur. They also have Medical Payments Coverage, which helps you pay for medical bills resulting from injuries to people (not part of the family) in your home.

Yes, insurance companies consider the home’s construction type when determining the insurance premium for your home. Homes built with fire-resistant materials usually have lower insurance costs than homes built with brick.

Insurance companies offer different discounts on homeowners insurance policies. A common one is a multi-policy discount you enjoy when you combine your homeowner and auto policies. Another is the claims-free discount that translates to a lower premium when you don’t apply for claims. Some providers also give a prior insurance discount that homeowners get from having a longstanding insurance policy from their previous insurers. You have to check with your local insurance provider in Pearland for the discounts they offer.

Many insurance providers host an online platform where you can check their homeowners insurance quotes. That way, you can easily compare different providers’ rates to know which is best for your home and finances.

Most homeowners in Pearland, Texas have the HO-3 policy that covers any damage to personal property contained in the policy. On the other hand, the HO-4 policy is a renter’s policy covering any damage from living in a rented apartment.

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