Get Carbon, TX Home Insurance Rates!
The population of Carbon is around 612 and the average family household is around 3 people per home. Witin this city, it is estimated that a total of 265 homes are currently insured under a homeowners policy and the total number of occupied households is roughly . The people of Carbon that own a home or purchasing a new home are looking to easily compare homeowners insurance rates with competitive pricing and enhanced coverage benefits. We provide a comparision shopping experience that is hassle free and you have the chance to review multiple policy options.
The Cost of Homeowners Insurance in Carbon
Home insurance cost is very competitive in the city of Carbon. You may be paying an average annual premium of $2,000 while the rest of the country is paying a median price of $1,311 on average with a standard HO-3 homeowners policy. This means that Texas ranks 4 in the country when it comes to comparing average home insurance rates.
Avg. TX Rate | Discounts | Savings | Shop Rates |
---|---|---|---|
$2,000 | up to 40% off | $800 |
Carbon Homeowners Insurance Coverage Types
Did you know that Carbon homeowners have several options to choose from when it coming to picking the right insurance type for you and your family? Below is a list of a few of the different, yet common homeowners insurance types.
- HO-2: Basic Policy This policy only covers damage from certain perils that are stated in the policy. If the peril is not listed, it will not be covered. Your personal property is also covered. Most home insurance agents don't recommend these policies except for the most basic coverage needs. An HO-2 policy is usually for homeowners with no mortgage that want to pay the cheapest home insurance premium possible and on most situaionts the primary residence is currently paid in full. Most mortgage providers will not allow homeowners to have an HO-2 policy because of the added risk and minimized coverage protection.
- HO-3: Standard Policy This is by far the most common homeowners policy available. It will cover all perils, with the exception of certain perils listed on your policy, such as flooding and earthquake damage.
- HO-4: Renters Policy The HO-4 policy is for renters. It will protect all of the personal property in your apartment, up to your policy limits, as well as offering liability coverage. The liability portion of the policy will protect your financial assets if someone is injured in your apartment. It will pay for any medical costs as well as defend you in a lawsuit if you happen to be sued. These polices are very affordable and should definitely be considered if you currently live in an apartment.
The city of Carbon has a median household income of $38,125 it is below the national average of $68,703. Housing is another great reason to live in Carbon with the average home costing $52,500.
Compare Homeowners Insurance Rates in Carbon, TX!
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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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Are you looking for homeowners insurance in a city near Carbon? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Carbon, TX
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Carbon.
Carbon, TX Home Insurance Average Premiums
For the city of Carbon, 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) | $1246 /yr. |
Average Coverage: | $1496 /yr. |
2600 sq. ft. or higher (all discounts applied) | $1796 /yr. |
What is the average home insurance cost for a home in Carbon, TX?
- • The average homeowners insurance premium paid annually for a home in Carbon is around $1496 per year.
What does it cost on average per month for home insurance in Carbon, TX?
- • Homeowners in Carbon pay an average cost per month around $125.00 for insurance coverage.
Carbon, TX - 2023 Housing Information
Month | Current Home Value (2023) | Last Year Home Value (2022) |
---|---|---|
January | $123,882 | $0 |
February | $129,419 | $122,136 |
March | $134,398 | $121,923 |
April | $135,072 | $122,019 |
Homeowners insurance will help cover the cost to repair or replace your Carbon 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 Carbon
- 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 Carbon, TX homeowners insurance rates all in one place! |
Saving Money Tips on Carbon Home Insurance
A great way to save money on Carbon 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 Carbon 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 |
---|---|---|
1550 ft. | This is the average home elevation in Carbon, 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 Carbon, 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 Eastland 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 […]
Carbon, TX Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Carbon 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 Carbon, TX?
- The average square footage in Carbon is around 407 Sq. Ft. which would cost you around $52,500 to replace the home if you base the home on the price to build per square foot of $129.
Minimum Replacement Cost Total: $52,500
Location: Carbon, Texas (Eastland County)
Average Building Cost Per Square Foot in Carbon: $129 (low end)
Average Square Footage in Carbon: 407 Sq. Ft.
Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
---|---|---|
None or Very Minor Improvements | $129 | $52,500 |
Some Additional Upgrades | $161 | $65,625 |
Major Home Updates or Advancements | $194 | $78,750 |
The dwelling coverage is calculated by the average cost per square foot ($129) in Carbon, 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.