Get Alvarado, TX Home Insurance Rates!
Are you looking for new homeowners insurance in Alvarado?
We can help, our website helps you shop up to 12 Texas insurance rates in your area. We can help save both time and money while also making sure your home is fully protected.
For a quick insurance quote for your home in Alvarado enter your zip code above. Our process is simple and quick, you only need to answer a few questions to start the quote process.
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A few facts about Alvarado, TX Home Insurance Rates
In Alvarado TX, the average home insurance rate is $2,000 per year. Texas is currently #4 most expensive state in the country when it comes to homeowners insurance. Premiums in Texas are dramatically higher than the national average in the U.S which is around $1,311. In Alvarado, TX most residents will pay $167 a month for homeowners insurance.
We can help you save up to 40% or more when shopping for homeowners coverage.
Discounts can help keep your insurance affordable
Insurers offers tons of different discounts, and they are a great way to keep your premium affordable. We will make sure that all available discounts are being applied to your policy. Here are a few of the more common discounts that insurers offer:
- Bundling: This is a major discount that insurers offer to Alvarado customers who carry multiple lines of coverage with them. If you are carrying homeowners coverage and car insurance (or any other insurance for that matter) with the same insurer you should receive a discount. Discounts can range up to 20 percent so it can be well worth it.
- Loyalty Discount: Insurance companies value their long-term customers and are happy to give them a discount. Once you have been with the same insurer for three years or more, consider asking for a loyalty discount.
- Monitored alarm systems: Insurers love alarm systems and offer a discount if you have a monitored alarm system in your home. Once your system is installed, ask your insurer for a discount. Discounts can range up to 15 percent.
- Impact-resistant roofs: In Texas storms are very common and can sometimes be extreme, so having an impact-resistant roof will usually result in a discount on your insurance premium. If you are in the market for a new roof, consider upgrading to an impact and wind resistant roof.
- Pay in full: If you can afford to pay your annual premium in one lump sum your insurer will usually offer a small discount. While the discount may only run to 5 percent, they all add up.
Top 5 Helpful Savings Tips for Alvarado Homeowners
Below are some great saving tips when looking to buy home insurance.
- FAQ: What is a Alvarado, TX Homeowners Insurance Policy?
- FAQ: What does a replacement cost coverage and actual cash value mean for my home in Alvarado, TX?
- This home insurance calculator will calculate your dwelling coverage for your home in Alvarado, TX so you know what type of home insurance coverage you need to cover your replacement cost.
- Here are the top five homeowners insurance discounts that you may not be aware of in Texas
- Here are the top 3 home insurance credits available to homeowners.
Alvarado Demographics & Housing Facts
| Source | Value |
|---|---|
| Location: | Alvarado, TX (JOHNSON County) |
| Population: | 3,785 |
| Occupied Residents: | 6,622 |
| Average Real Estate Value Per Zip Code: | $112,400 |
Compare Homeowners Insurance Rates in Alvarado, TX!
Get up to 12 competitive Alvarado, TX homeowners insurance rates all in one place! |
About Our Service in Texas
We are providing the most competitive homeowners insurance rates in Texas. Our quoting process is very quick and easy to use when you want to compare over 16 competitive rates all in one place. Our office is located in the heart of Austin, Texas and we are ready to help you compare the most affordable home insurance options and discounts with the most enhanced coverage options. Our rates will be generated from companies like: American Risk Insurance, Bankers Insurance Group, Centauri, Cypress Texas Insurance, Encompass Insurance, GeoVera Specialty, Gulfstream Property & Casualty, Home Owners of America, Lighthouse Property Insurance, Mission Select, TWICO, Universal North America (UIHNA), United property and casualty, Wellington, American Modern, Safeco and many more. Let us help you shop the lowest Texas rates available, start your quote online now or give us a call at 877-480-7274. We look forward to working with you!
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Home Insurance Rates by Zipcode in Alvarado, TX
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Alvarado.
Alvarado, TX Home Insurance Average Premiums
$1253 /yr.
For the city of Alvarado, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $1253 /yr. |
| Average Coverage: | $1503 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1803 /yr. |
What is the average home insurance cost for a home in Alvarado, TX?
- • The average homeowners insurance premium paid annually for a home in Alvarado is around $1503 per year.
What does it cost on average per month for home insurance in Alvarado, TX?
- • Homeowners in Alvarado pay an average cost per month around $125.00 for insurance coverage.
Alvarado, TX - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $248,817 | $223,622 |
| February | $248,331 | $229,687 |
| March | $248,701 | $235,458 |
| April | $248,907 | $240,158 |
Homeowners insurance will help cover the cost to repair or replace your Alvarado home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Alvarado
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Alvarado, TX homeowners insurance rates all in one place! |
Saving Money Tips on Alvarado Home Insurance
A great way to save money on Alvarado homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Alvarado area? Check out what homeowners are paying on average for Texas homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 756 ft. | This is the average home elevation in Alvarado, TX | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Texas flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Alvarado, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Johnson County.
Texas Homeowners Insurance News & Information
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
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Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
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Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024
Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]
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2024 Average Homeowners Insurance Rate at $2,777 per year Posted on Tuesday 20th February, 2024
A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
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9% Predicted Jump in Home Insurance Rates in 2023 Posted on Tuesday 25th April, 2023
According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]
Alvarado, TX Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Alvarado so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Alvarado, TX?
- The average square footage in Alvarado is around 871 Sq. Ft. which would cost you around $112,400 to replace the home if you base the home on the price to build per square foot of $129.
Minimum Replacement Cost Total: $112,400
Location: Alvarado, Texas (Johnson County)
Average Building Cost Per Square Foot in Alvarado: $129 (low end)
Average Square Footage in Alvarado: 871 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $129 | $112,400 |
| Some Additional Upgrades | $161 | $140,500 |
| Major Home Updates or Advancements | $194 | $168,600 |
The dwelling coverage is calculated by the average cost per square foot ($129) in Alvarado, Texas times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $403,125 (Media price to build of $161 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.