Wichita Falls, TX Homeowners Insurance

Wichita Falls is a bustling city with a small town charm, located in Wichita County. It’s popularly known as the “Gateway to Texas.” If you want to get away from the noise of a big city, Wichita Falls is the perfect place for you. 

Wichita Falls’ community has always cherished the rich history of the city, and you can see the color of its history in literally everything, including houses and museums. Wichita Falls has two art galleries named Wichita Falls Museum of Art at MSU and Kemp Center for the Arts. Along with the great indoor activities, the city has 40 parks where you can enjoy sports, swimming, wildlife watching, and riding horses. After a long working day, you can refresh yourself at Castaway Cove and enjoy the cold water. Like any other city in Texas, Wichita Falls is also famous for its restaurants and shopping centres. 

With all these unique features and amenities, Wichita Falls allure many people to settle down in the city. As of 2021, the total population of the city was 104,279. The homeownership rate is 56.3%, and the median value of a home is $98,000. If you are looking for Wichita Falls homeowners insurance policy, you have come to the right place. We will help you find the most dependable and affordable homeowners insurance policy for your property. Simply use our Home Insurance Quote Comparison Tool and get free insurance quotes from the top-rated insurance providers in Wichita County. 

Average Homeowners Insurance Cost in Wichita Falls 

Your Wichita Falls homeowners insurance policy protects you from unforeseen financial setbacks that might incur due to damages caused by disasters like fire, theft, and vandalism. When you start looking for a homeowner insurance policy, it’s a good idea to know the average homeowner’s insurance cost in your city. 

The average cost of a homeowners insurance policy in Wichita Falls is $1510, which is more than the national average. 

Wichita Falls Homeowners Insurance Rates Compared to State and National Averages

Wichita Falls Average (annual)Texas AverageUnited States Average
$1,510$2,853$1,478

Wichita Falls Homeowners Insurance Premiums by Company

During your search of finding the right Wichita Falls homeowners insurance policy, you will notice that different companies offer different insurance policy rates. That’s because all the insurance providers use different methods to calculate your insurance premiums in Wichita Falls.

In Wichita Falls, Texas Farmers offers the cheapest homeowners insurance premium at $259.99, 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. 

Wichita Falls Homeowners Insurance Rates by Companies

CompanyAverage Annual Premium Rate
Texas Farmers$259.99 
Liberty Mutuals$925
Farmers Insurance$1,427
Nationwide Insurance$1,570
United Property$1,980
Safeco$2,810
State Farm $4,678

Wichita Falls Homeowners Insurance Rates by Coverage Amount  

The coverage level chosen by you has a direct impact on your homeowners insurance in Wichita Falls. The dwelling coverage amount is used to pay to replace or repair your house and other personal belongings if it gets damaged due to any unforeseen disasters.  

In the table, we have listed Wichita Falls homeowners insurance rates based on different coverage levels. Take a look.

Homeowners Insurance Rates in Wichita Falls by Coverage Limits

Coverage AmountHome Insurance Cost 
$100,000$1,450
$200,000$4,233
$300,000$5,326
$400,000$6,747
$500,000$8,631
$750,000 to $1000,000$9,980

Wichita Falls Homeowners Insurance Rates by ZIP Code

Homeowners insurance rates fluctuate from company to company, city to city, and neighborhood to neighborhood. You and your friend, who lives a couple of streets down from you, can have two different homeowners insurance premiums. Insurance companies in Wichita Falls, TX, use many variables to calculate your insurance premium, and the location of your house is one of them. 

Look at the table below and see how homeowners insurance premiums in Wichita Falls change from ZIP code to ZIP code. 

Cost of Homeowners Insurance in Wichita Falls by ZIP Codes

NeighborhoodZIP CodeAverage annual homeowners insurance rate
Gloria Ln76309$936
McGaha Ave76308$1,056
Cartwright Rd76305$1,404
Langford Ln76310$1,548
Hayes St76301$2,484

Popular Home Insurance Deductibles in Wichita Falls 

When you purchase homeowners insurance in Wichita Falls, you need to decide on a deductible amount. A deductible amount is the dollar amount that you will pay the insurer before filing an insurance claim. The chosen deductible amount will have a direct impact on your homeowners insurance premium. If you want your insurance premium to be cheap, you can select a high deductible amount. 

Take a look at the table below and see how different deductibles affect your Wichita Falls homeowners insurance premium. 

Homeowners Insurance Cost in Wichita Falls based on Deductible

Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,490.87
$1,000$1,348.53
$1,500$1,269.36
$2,000$1,152.1
$5,000$1,082.9

Homeowners Insurance Coverages Available in Wichita Falls  

A standard homeowners insurance policy provides the following coverages:

  • Dwelling Coverage: Your homeowner’s insurance policy provides coverage against any damage caused to the structure of your house.
  • Other Structure Coverage: Homeowners insurance also covers the structures attached to your home, such as a garage or shed. 
    • Personal Property Coverage: Homeowners insurance covers all the personal belongings that are inside or outside your house.
  • Personal Liability Coverage: If a resident of your home is responsible for causing an injury to someone or their property, your insurance will 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 Wichita Falls, TX

When you are looking for a homeowners insurance policy, don’t fall for the low price. You should also consider the company’s customer satisfaction rates, claim process, and financial stability.  

To make your research easier, we have listed the best Wichita Falls homeowners companies based on J.D. Power Rankings, AM Best Ratings, and BBB Ratings.

Top-rated Homeowners Insurance Company in Wichita Falls 

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

Top Homeowners Insurance Agents in Wichita Falls

Homeowners Insurance Agency Near Wichita Falls, TXAddress
Pond Insurance Agency Ltd2101 Kemp Blvd, Wichita Falls, TX 76309
Barnard Insurance1100 8th St, Wichita Falls, TX 76301
Billy Hudson: Allstate Insurance2511 Brook Ave, Wichita Falls, TX 76301
Alan Donaldson – State Farm Insurance Agent2301 Midwestern Pkwy #115b, Wichita Falls, TX 76308
Louis Vann – State Farm Insurance Agent3907 Kell E Blvd a, Wichita Falls, TX 76308
Holub Insurance Agency4001 Featherston Ave, Wichita Falls, TX 76308

Common Causes of Home Insurance Losses in Wichita Falls 

The most common reason for homeowners insurance losses in Wichita Falls is floods. The city is prone to heavy rains, which leads to floods in the lower plain regions. In order to prevent damages caused by floods, major measurements have been taken in the areas around Holiday Creek. 

The city faces a moderate amount of tornadoes which has caused a huge loss in the past. On the other hand, Wichita Falls is at low risk of getting struck by a hurricane or an earthquake. A hurricane hit the city in 2008, which caused damages to the roof.

Money-Saving Tips for Wichita Falls Homeowners Insurance  

One of the best to save money on your Wichita Falls homeowners insurance policy is bundling. Bundling simply means combining your home and auto insurance policies with one insurance provider. All of the insurance companies in Wichita Falls have their own discount rate for combining two policies.

Refer to the following table to see how bundling your home and auto insurance affects your insurance premiums. 

Auto & Homeowners Insurance Bundling Discounts in Wichita Falls, TX

Place1 Car Bundle Savings On Insurance2 Car Bundle Savings On Insurance3 Car Bundle Savings On Insurance
Pleasant Valley town, Texas$127$169$254
Cashion Community city, Texas$128$170$255
Dean city, Texas$127$169$254

Special Resources for Residents of Wichita Falls: 

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Wichita, TX Homeowners Insurance FAQs

The cost of your homeowners insurance premium in Wichita Falls depends on:

  • Cost of the house
  • Renovation cost
  • Type of construction of your home
  • Age of your house
  • The crime rate in the neighbourhood
  • Weather conditions
  • Distance from the fire station and police station

There are a number of factors that can increase homeowner insurance premiums in Wichita Falls. If your neighborhood is highly susceptible to thefts and vandalism, your homeowners insurance will be expensive. With the increased criminal activities, the risk of homeowners insurance losses or claims increases as well.

You can cancel your 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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