Victoria, TX Homeowners Insurance

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.

How Much Does Homeowners Insurance Cost in Victoria?

Homeowners Insurance: Victoria Rates Vs. State + National Averages

Victoria Average (Annual) Texas Average United States Average
$986 $3,468 $1,548

Victoria Homeowners Insurance by Company

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.

Affordable Homeowners Insurance Companies in Victoria

Company Average Annual Rate
Texas Farmers $250
ASI Lloyds 1,033
Safeco $1,057
United $1,212
Travelers $1,229

Victoria Homeowners Insurance Prices by ZIP Code

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.

Cheapest Neighborhoods for Homeowners Insurance in Victoria

ZIP Code Average Annual Home Insurance Rate
77901 (Victoria) $915
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.

Expensive Area For Homeowners Insurance in Victoria

ZIP Code Average Annual Home Insurance Rate
77904 (Nursery) $1,148

Number of Catastrophes in Texas and the US:

  • National number of catastrophes: 19,003
  • Number of catastrophes in Texas: 1,905
  • National number of tornadoes: 1,230
  • Number of tornadoes in Texas: 220
  • National property damage from weather: $5,511,270,000
  • Property damage from weather in Texas: $1,026,150,000

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.

Victoria Homeowners Insurance Rates by Coverage Level

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.

Homeowners Insurance Rates in Victoria—Popular Coverage Limits

Coverage Level Average Annual Rate
$100K Dwelling $1,127
$200K Dwelling $1,317
$250K Dwelling $1,889
$400K Dwelling $2,401

What Does Victoria Homeowners Insurance Cover?

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:

  • Dwelling Coverage: This is your standard insurance policy covering losses and damages to your property’s physical structure.
  • Personal Property Coverage: You may want personal property coverage for your possessions, whether inside or outside your home.
  • Liability Protection: Liability protection covers you if you hurt someone or damage another person’s property.
  • Guest Medical Protection: This coverage is specifically to cover people who are injured on your property.

Victoria Homeowners Insurance Rates by Deductible Amount

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.

Homeowners Insurance Costs by Deductible in Victoria

Deductible Amount Average Annual Homeowners Insurance Rate
$500 $1,073
$1,000 $1689
$1,500 $1,597
$2,000 $1,587
$5,000 $1,264

Best Homeowners Insurance Companies in Victoria

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

Top Home Insurance Agents Near Victoria, TX

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

Bundle Homeowners and Auto Insurance in Victoria, TX to Save Money

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%.

Cheapest Auto Insurance Rates With Home Insurance Bundled in Victoria

Company Avg. Annual Auto Insurance Rate (With Home Insurance Bundle)
State Farm $1,040
USAA $1,330
Progressive $1,800
Allstate $1,890
GEICO $2,320

Home Insurance Resources for Victoria Residents

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Victoria, TX Homeowners Insurance FAQs

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: 

  • Damage from most natural disasters (including floods, hurricanes, earthquakes, landslides/mudslides, or sinkholes) 
  • Damage caused by warfare 
  • Damage caused by nuclear accidents 
  • Termite damage (including repair costs and removal costs) 
  • Tree removal costs 
  • Routine maintenance, repair, or replacement costs (including roofing, plumbing, HVAC, appliances, and more)

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. 

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