Midlothian, TX Home Insurance Quotes!

If you move to Midlothian, TX, you will join the already 18,037 people that call this beautiful town home. Families in Midlothian have an average of 3 people and they live in one of the 9,744 housing units that line the streets of Midlothian.

In our fair city, the majority of households are earning about $96,483, which is the median income in Midlothian. One of the very best things about calling Midlothian home is the fact that you can buy a house for the average price of $241,100, which makes it a very affordable community.

Midlothian, TX Housing Information

It may not be a surprise to local residents that Midlothian, TX has now reached over 18,037 in population size with 6138 homes within the city of Midlothian. The average family household size in Midlothian is reported to be around 4963. With population density increasing in Midlothian, it's important to make sure your home has the homeowners insurance coverage and protection you need for your family. Please learn more about our home insurance discounts to discover how you can save additional money on your home insurance premium to help make it more affordable for you. When you request free Midlothian home insurance quotes from us, we will work with you to compare every possible carrier, coverage and discount available.

Demographic	Values
Population	18,037
Total Occupied Households	6138
Family Households (families)	4963
Average Owner Occupied Household Size	2.98
Average Family Size	3.26
Total Housing Units	6435

How much does home insurance cost in Midlothian?

Once you have purchased a home, you will need to protect it with a homeowners policy. Lucky for you, Midlothian is a very affordable town with an average homeowners insurance premium of $1,292 per year compared to the city average of $1,542/yr. Midlothian homeowners in more expensive homes with a heated square footage of more than 2,500 sq. ft. are paying around $1,842 a year because the dwelling coverage is more expensive to replace.

Coverage Guide for Midlothian Homeowners

One thing to consider when buying home insurance is the type of policy you need. There are different policy types that are each designed for the specific type of home that you may own. For example do you own or rent the home? Is the home a single family home, duplex or condo? These are all imporant questions that change the coverage level of the policy you may need to get the right coverage. Here is a brief description of each of the different homeowner policy types that are available to you:

Homeowners 3 (HO-3): The most common of all homeowner insurance types is the HO-3 policy. The majority of homeowners in Midlothian are most likely carrying this policy type. It protects your home against every peril except ones that are excluded specifically in the policy.
It should be noted that all HO-3 policies exclude earthquake and flooding damage.
Homeowners 4 (HO-4): You probably know this policy type by its more familiar name, “renters insurance.” This will cover the personal property in the apartment as well as offering liability coverage for you in the event that some trips and fall or is otherwise injured in your apartment.
Homeowners 5 (HO-5): This policy type is an upgraded HO-3. While more expensive than an HO-3 policy it also offers more coverage. These policies are not available on all homes, they are usually reserved for newer houses that fall in higher price brackets.

One of the major differences with this policy type is that your personal property is covered by all perils that are not named as exclusions. An HO-3 policy on the other hand only protects your personal property against a certain list of perils.

The majority of these policies also offer replacement value as standard coverage on personal property compared to fair market value which takes deprecation into account when calculating the value of your damaged or destroyed property.

Compare Homeowners Insurance Rates in Midlothian, 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!

Average Rates Nearby Midlothian

Are you looking for homeowners insurance in a city near Midlothian? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Midlothian, TX

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Midlothian.

76065,

Midlothian, TX Home Insurance Average Premiums

Local Midlothian, TX home insurance quotes comparison

$1292 /yr.

Shows Midlothian's lowest average rates with discounts applied.

For the city of Midlothian, 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)	$1292 /yr.
Average Coverage:	$1542 /yr.
2600 sq. ft. or higher (all discounts applied)	$1842 /yr.

What is the average home insurance cost for a home in Midlothian, TX?

• The average homeowners insurance premium paid annually for a home in Midlothian is around $1542 per year.

What does it cost on average per month for home insurance in Midlothian, TX?

• Homeowners in Midlothian pay an average cost per month around $129.00 for insurance coverage.

Midlothian, TX - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$445,240	$412,867
February	$445,113	$420,362
March	$447,154	$428,945
April	$449,709	$437,438

Homeowners insurance will help cover the cost to repair or replace your Midlothian 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 Midlothian
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 Midlothian, TX homeowners insurance rates all in one place!

Saving Money Tips on Midlothian Home Insurance

A great way to save money on Midlothian 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 Midlothian 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
741 ft.	This is the average home elevation in Midlothian, 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 Midlothian, 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 Ellis County.

Texas Homeowners Insurance News & Information

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 […]
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 […]
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 […]
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 […]
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 […]

Midlothian, TX Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Midlothian 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 Midlothian, TX?

- The average square footage in Midlothian is around 1,869 Sq. Ft. which would cost you around $241,100 to replace the home if you base the home on the price to build per square foot of $129.

Minimum Replacement Cost Total: $241,100

Location: Midlothian, Texas (Ellis County)

Average Building Cost Per Square Foot in Midlothian: $129 (low end)

Average Square Footage in Midlothian: 1,869 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$129	$241,100
Some Additional Upgrades	$161	$301,375
Major Home Updates or Advancements	$194	$361,650

Calculate Your Midlothian, TX Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($129) in Midlothian, 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.