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.
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 Average (annual)||Texas Average||United States Average|
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.
|Company||Average Annual Premium Rate|
|Amica Mutual Insurance Company||$1,620|
|American National Property and Casualty Company||$2,413|
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 Amount||Home Insurance Cost|
|$750,000 to $1000,000||$5,711|
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
|Neighborhood||ZIP Code||Average annual homeowners insurance rate|
|N Barron Ave||75702||$735|
|Highway 64 E||75705||$1,860|
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.
|Deductible Level||Average Annual Homeowners Insurance Rate|
A standard homeowners insurance policy in Tyler provides coverage for:
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
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|Nationwide||3 out of 5 stars||A+ (Superior)||A+|
|Liberty Mutuals||3 out of 5 stars||A||A-|
|Travelers||5 out of 5 star||A++ (Superior)||A+|
|State Farm||4 out of 5 stars||A++ (Superior)||A|
|Farmers||3 out of 5 stars||A+ (Superior)||A+|
|Homeowners Insurance Agency Near Tyler, TX||Address<|
|Billy R. Martin Insurance Agency||2032 Republic Dr, Tyler, TX 75701|
|Bergfeld Agency LLC||2001 S Donnybrook Ave Unit A, Tyler, TX 75701|
|Goosehead Insurance – Phaup Agency||6761 Old Jacksonville Hwy Suite A, Tyler, TX 75703|
|GEICO Insurance Agent||3709 Troup Hwy Suite 300, Tyler, TX 75703|
|Tom Sorrels Insurance Agency||1313 S Vine Ave, Tyler, TX 75701|
|The Insurance Shop LLC||4711 Old Bullard Rd, Tyler, TX 75703|
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:
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.
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Smith County, Texas||$154||$205||$308|
|Chandler city, Texas||$156||$208||$313|
|Noonday city, Texas||$156||$208||$312|
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.