Tyler, TX Homeowners Insurance

Tyler is the largest city in Smith County and is named after the 10th U.S. president John Tyler. The city produces enormous amounts of roses, which gave it the name “Rose Capital of America.” Tyler is home to the most extensive rose garden in the United States, which showcases over five hundred different roses varieties. 

The Texas Rose Festival is quite famous among tourists, and it attracts thousands of visitors every year. When you visit Tyler, you will notice most of the streets are made of bricks. The city’s downtown is enriched with antique shops and unique stores. If you want to be close to nature, you can visit the lake and enjoy the crystal-clear water. You can also go to the museums to gather knowledge of wildlife, aviation, and warfare. 

As of 2021, Tyler has a total population of 109,619, 41,820 housing units, with a homeownership rate of 52.9%. The median home value in Tyler, TX, is $109,499. If you are currently living in Tyler or planning to move to the city, it is wise to purchase Tyler homeowners insurance to protect your house from damages caused by weather, theft, or fires. 

Finding dependable coverage for your home can be an overwhelming task. That’s where we can help you. Before you purchase your policy, compare insurance quotes from different insurance providers. Simply use our Home Insurance Quote Comparison Tool and get free insurance quotes.

Average Homeowners Insurance Cost in Tyler 

Although it is not legally required to buy homeowners insurance, your mortgage company would need you to purchase one before closing. When you start looking for Tyler homeowners insurance policy, you must compare prices and coverages offered by different providers.  It is always good to negotiate the premium cost with the insurance provider to obtain the right coverage at the right cost. 

To negotiate the homeowners insurance premium, you should know the average cost of homeowners insurance in your city and state. In Tyler, the average cost of a homeowners insurance policy is $1560, which is almost a hundred dollars more than the national average. 

Tyler Homeowners Insurance Rates Compared to State and National Averages

Tyler Average (annual)Texas AverageUnited States Average
$1,560$2,853$1,478

Tyler Homeowners Insurance Premiums by Company

When you start comparing Tyler homeowners insurance rates, you will notice that price fluctuates greatly from one company to another, even for the same coverage levels. We researched and reviewed different homeowners insurance premiums in Tyler, TX.

In Tyler, Travelers offers the lowest homeowners insurance premium at $850, which is relatively lower than the city’s average premium rate. Have a look at the following table to check homeowners insurance rates offered by different insurance providers. 

Tyler Homeowners Insurance Rates by Companies

CompanyAverage Annual Premium Rate
Travelers$850 
Allstate$954
State Farm$1,154
Liberty Mutuals$1,260
USAA$1,462
Amica Mutual Insurance Company$1,620
American National Property and Casualty Company$2,413

Tyler Homeowners Insurance Rates by Coverage Amount  

Tyler homeowners insurance premium is directly affected by the chosen coverage level. The dwelling coverage level is used to pay to replace or repair your house and other personal belongings in case of an unforeseen disaster. 

In the table, we have listed Tyler homeowners insurance rates based on different coverage levels. Have a look.

Homeowners Insurance Rates in Tyler by Coverage Limits

Coverage AmountHome Insurance Cost
$100,000$1,077
$200,000$1,985
$300,000$2,678
$400,000$3,329
$500,000$4,930
$750,000 to $1000,000$5,711

Tyler Homeowners Insurance Rates by ZIP Code

Your homeowners insurance premium in Tyler, TX, may vary from neighborhood to neighborhood. Insurance companies use different local variables to calculate your homeowners insurance premium, which is why you can see huge differences between homeowners insurance premiums in Tyler. 

We have calculated homeowners insurance premiums in Tyler based on ZIP codes. Take a look at the table below. 

Cost of Homeowners Insurance in Tyler by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
N Barron Ave75702$735
First Crossing75703$1,044
Mac Ln 75750$1,255
Highway 64 E75705$1,860
Rudman75701$3,564

Popular Home Insurance Deductibles in Tyler

When you purchase homeowners insurance in Tyler, you would need to decide on a deductible amount. A homeowner insurance deductible is an amount a homeowner agrees to pay the insurance provider before they payout on a claim. For instance, if your house suffered damage of $4000 and your deductible amount is $1000, you will only receive $3000 from your insurance company, and you will need to pay the remaining $1000 from your own pocket.  

Refer to the table below and see how Tyler homeowners insurance rates fluctuate based on different deductible amounts. 

Homeowners Insurance Cost in Tyler based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,539
$1,000$1,390
$1,500$1,312
$2,000$1,190
$5,000$1,119

Homeowners Insurance Coverages Available in Tyler  

A standard homeowners insurance policy in Tyler provides coverage for:

  • Dwelling Coverage: Your homeowner’s insurance policy provides coverage against the damage caused to the structure of your house by fire, hurricanes, vandalism, and other covered peril
  • Other Structure Coverage: Homeowners insurance in Tyler also covers the structures attached to your home, such as a garage or shed. 
  •  
  • Personal Property Coverage: Homeowners insurance covers all the personal property that’s inside or outside your house. 
  • Personal Liability Coverage: If your son or a dog was responsible for causing an injury to someone or their property, your insurance would cover it. 
  • Medical Expenses Coverage: If a guest gets injured at your house, your homeowner insurance will be responsible for paying for their medical expenses.   

Best Home Insurance Companies in Tyler, TX

When you are looking for a homeowners insurance policy in Tyler, price is not the only factor you need to consider. You should also consider checking the insurance company’s customer satisfaction rates, claim process, and financial stability.  

Take a look at the table below. We have listed the best-rated homeowners insurance companies in Tyler based on J.D. Power Rankings, A.M. Best Ratings, and BBB Ratings.

Best Cheap Homeowners Insurance Company in Tyler 

CompanyJ.D. Power RankingA.M. Best RatingBBB Rating
Nationwide 3 out of 5 starsA+ (Superior)A+
Liberty Mutuals 3 out of 5 starsAA-
Travelers 5 out of 5 starA++ (Superior)A+
State Farm 4 out of 5 starsA++ (Superior)A
Farmers  3 out of 5 starsA+ (Superior)A+

Top Homeowners Insurance Agents in Tyler

Homeowners Insurance Agency Near Tyler, TXAddress<
Billy R. Martin Insurance Agency2032 Republic Dr, Tyler, TX 75701
Bergfeld Agency LLC2001 S Donnybrook Ave Unit A, Tyler, TX 75701
Goosehead Insurance – Phaup Agency6761 Old Jacksonville Hwy Suite A, Tyler, TX 75703
GEICO Insurance Agent3709 Troup Hwy Suite 300, Tyler, TX 75703
Tom Sorrels Insurance Agency1313 S Vine Ave, Tyler, TX 75701
The Insurance Shop LLC4711 Old Bullard Rd, Tyler, TX 75703

Common Causes of Home Insurance Losses in Tyler, TX 

The most common reason for homeowners insurance claims in Tyler is related to weather incidents. Here are common reasons for homeowners insurance losses in Tyler:

  • Damages caused to the exterior of the house by strong winds – 25%
  • Frozen pipes, pipes bursting, and appliance or equipment failure, – 19%
  • Hail damages – 15%
  • Water damages caused by rain, snow, or ice – 11%
  • Theft and burglary – 6%

Money-Saving Tips for Tyler Homeowners Insurance 

If you are looking for enhanced homeowners insurance in Tyler, you don’t have to compromise with the price. Many ways can help you to lower your homeowners insurance premium. You may qualify to get discounts for installing smoke detectors, burglar alarms, and deadbolts. One of the best ways to reduce your cost is bundling your auto and home insurance policies. Bundling can help you reduce your insurance premium cost 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 Tyler, TX

Place1 Car Bundle Savings On Insurance2 Car Bundle Savings On Insurance3 Car Bundle Savings On Insurance
Smith County, Texas$154$205$308
Chandler city, Texas$156$208$313
Noonday city, Texas$156$208$312

Special Resources for Residents of Tyler: 

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Tyler, TX Homeowners Insurance FAQs

When your lending company approves a loan on your house, they will ask you to prove homeowners insurance. Homeowners insurance will ensure that their investment is protected from the perils, such as fire, theft, burglary, etc. In some cases, the lender might ask you to purchase flood and earthquake insurance. 

Your homeowners insurance must cover the damages caused by wind, hail, fire, and vandalism. The coverage should be enough to replace your home in the event of damages caused by covered perils. 

There are a number of factors that can decrease homeowner insurance in Tyler. Before you start negotiating the cost with your insurance providers, you need to know the average rate of homeowners insurance in your city. You should also know the rates offered by different insurance providers. Once you have a clear picture of the rates, then you can clearly talk to your agent to ask for a better rate or additional discounts for being a loyal customer. It’s always a good idea to stay connected with the person who sold you the premium in the first place. Negotiating the price would be easier with someone you already know. 

You can cancel your Tyler homeowners insurance at any time, but you might have to pay some cancellation fee. Many insurance companies charge a cancellation penalty for canceling your insurance before completing the duration of the policy. 

As the age of your home increases, new problems arise. Especially if you start renovating your house, you will encounter endless issues that were buried. With the increased risk, you need coverage that will fit the age and condition of your house. 

A standard homeowners insurance policy covers the loss and damages caused to your home and personal belongings from theft and vandalism. You can install home security systems and other safety measures to reduce the chances of theft. 

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