Victoria, Texas is located 30 miles inland from the Gulf of Mexico and two hours away from Corpus Christi, Houston, San Antonio, and Austin. Victoria is a metropolitan hub for seven county regions and represents a retail trading market for over 250,000 residents. As a regional transport gateway for the nearby counties, Victoria has local connections to large and small freight carriers.
Victoria has a population of about 67,000 residents, with a homeownership rate of 58.5%, which is lower than the national average of 63.9%.
The price of homeowners insurance in Victoria depends on various factors, including the cost of the property, the value of your possessions, and the materials used to build the home. The location of your house will also impact how much you pay for homeowners insurance. Some areas are more vulnerable to risks, such as wildfire, hail, earthquakes, and other hazards. This could make the insurance policy more expensive.
|Victoria Average (Annual)||Texas Average||United States Average|
Victoria homeowners insurance rates vary based on the insurance provider you choose. Texas Farmers offers the most affordable homeowners insurance in Victoria at an average of $250 a year, lower than the city’s overall homeowner premium of $986.
|Company||Average Annual Rate|
Depending on which part of Victoria you live in, you could see a difference in your home insurance’s price. Policies are priced on geographic factors, such as the number of claims made in the surrounding area.
Area code 77091 has the cheapest home insurance rate in Victoria, with an average price of $915 per year. The table below shows other ZIP codes with affordable homeowners insurance in Victoria.
|ZIP Code||Average Annual Home Insurance Rate|
|77902 (Pleasure Island)||$1,102|
|77903 (Riverside Park)||$1,124|
On the other hand, some Victoria areas have higher insurance costs. Crime rates, fire hazards, and even how close you are to emergency responders can cause insurance providers to see specific areas as higher risk, increasing area rates. One of the most expensive ZIP codes for homeowners insurance in Victoria is 77904 in Nursery, with an estimated average homeowners insurance rate of $1,148 per year.
|ZIP Code||Average Annual Home Insurance Rate|
Victoria sits on the southern side of Tornado Alley. Homes here face a higher-than-average risk of destruction caused by tornadoes and other windstorms. Since this area is heavily populated, there is a very high risk that a tornado that hits nearby will result in collateral damage.
Homeowners insurance will provide coverage for your property from natural disasters such as fires and hurricanes. Check your coverage regularly to ensure that the thresholds and coverage amounts for multiple disasters are sufficient. A change in your house’s valuation, added high-value belongings that you have acquired, and natural disasters that have happened recently are good indicators that you need to have your coverage reviewed to ensure you are sufficiently insured.
The level of homeowners coverage you prefer affects your insurance rates. Victoria households with $200K in dwelling coverage pay an average of $1,317 per year, and those with up to $400K of dwelling coverage pay around $2,401 a year.
|Coverage Level||Average Annual Rate|
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:
A homeowners insurance deductible is the amount the insured has to pay when filing for a claim. If you opt for a higher deductible amount, you will pay lower insurance premiums. However, make sure that you can afford the deductible you choose if you have to file for loss.
Below are the typical deductibles provided by most home insurance providers and the average insurance rates.
|Deductible Amount||Average Annual Homeowners Insurance Rate|
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 J.D. Power Ranking, AM Best Financial Rating, and Better Business Bureau’s Rating for home insurance.
|Company||J.D. Power Ranking||A.M. Best Rating||BBB Rating|
|Allstate||5 out of 5 stars||A+ (Superior)||A+|
|Amica||5 out of 5 stars*||A++ (Superior)||B-|
|Liberty Mutual||3 out of 5 stars||Not rated||A|
|State Farm||3 out of 5 stars||A++ (Superior)||A++|
|Texas Farm Bureau Insurance||3 out of 5 stars||A+ (Superior)||A|
|Home Insurance Company Near Victoria, TX||Address|
|Easley Insurance||1203 E Red River St, Victoria, TX 77901|
|Janecka Insurance Agency||702 E Crestwood Dr, Victoria, TX 77901|
|Texas Farm Bureau Insurance Company||511 E Magruder Dr, Victoria, TX 77904|
|JHC Insurance Agency, Inc.||4611 E Airline Rd #102, Victoria, TX 77904|
|Victoria Insurance||2014 John Stockbauer Dr, Victoria, TX 77901|
You might want to consider buying your homeowner and auto insurance plans from the same company if saving money is one of your priorities. Bundling policies in Victoria can result in an annual savings of 7%.
|Company||Avg. Annual Auto Insurance Rate (With Home Insurance Bundle)|
Your homeowners insurance policy has a list of “covered events.” Any event or incident not included in that list is something you should assume is not covered by your policy. Here are a few common types of damage or home-related expenses that your homeowners insurance policy will not cover:
While almost all house insurance policies have the same basic coverage, you can purchase additional optional coverages if you need to fill in a gap in your policy’s covered events. These extra riders expand your ability to make insurance claims. If you have specific personal property items that are very high-value—such as certain jewelry pieces or artwork—those items may not be covered under your standard policy. You would need to purchase additional coverage. Policies for hazards, flooding, and more are also available for extra coverage.
The answer to this question will vary depending on the homeowner and the value of their property. The good news is that you won’t typically be the one who needs to answer this question. Your mortgage lender will require that you have a certain amount of coverage for your home, and your insurance broker will know how to build a policy that makes sense for your property.