Cheapest Homeowners Insurance in Dallas
Texas Farm Bureau has the best and cheapest home insurance in Dallas for most people because of its affordable rates and happy customers.
Chubb is the best company for Dallas homeowners with high-value properties.
Cheapest home insurance companies in Dallas
Chubb’s average home insurance premium of $2,952 a year is even cheaper. However, you may not be able to get a policy from Chubb if your home is worth less than a certain amount.
At $3,984 a year, USAA is close to Texas Farm Bureau in cost. You need to be a current or former member of the military, or related to someone who is, to buy home insurance from USAA, though.
Dallas home insurance rates by company
| Company | Average annual rate | LendingTree score | |
|---|---|---|---|
 | Chubb | $2,952 |  |
 | Texas Farm Bureau | $3,850 |  |
 | USAA* | $3,984 | |
 | Farmers | $4,880 | |
 | Allstate | $5,638 | |
 | State Farm | $5,727 | |
 | Travelers | $8,351 | |
 | Nationwide | $10,450 | |
Average rates are based on a policy with $400,000 of dwelling coverage and $200,000 of personal property coverage. *USAA is only available to members of the military and their families.
Best home insurance companies in Dallas
Chubb and USAA are the best homeowners insurance companies in Dallas for those with high-value homes or military ties.
For most other Dallas homeowners, Texas Farm Bureau is likely to be the best home insurance company.
Best for most homeowners: Texas Farm Bureau
Texas Farm Bureau offers the cheapest Dallas home insurance for those who don’t own luxury homes.
Also, customers are quite happy with Texas Farm Bureau, based on its great complaint rating The NAIC rates companies on confirmed complaints by size. A confirmed complaint is one that leads to a finding of fault. from the National Association of Insurance Commissioners (NAIC). This means it receives fewer complaints than expected for a company of its size.
You do need to be a member of Texas Farm Bureau to buy its home insurance, but anyone can join. The membership fee varies by county — and even by year — but generally costs between $45 and $70 annually.
Best for high-value homes: Chubb
If you have a high-end home, Chubb is the best homeowners insurance company in Dallas.
Not only does Chubb have the city’s cheapest home rates of $2,952 a year, or $246 a month, but customers also give it high marks for how it handles claims and other customer service issues.
In fact, Chubb earned the second-best customer satisfaction J.D. Power’s satisfaction scores are based on customer surveys rating companies on factors like price, coverage options and problem resolution. score from J.D. Power’s 2024 U.S. Home Insurance Study. And it receives fewer customer complaints than any other company we surveyed in Dallas, according to its NAIC rating. Both suggest customers are very happy with how Chubb treats them.
Best for military: USAA
Consider USAA if either you or a family member has military ties.
Though USAA’s average premium is higher than Chubb’s, it offers several discounts that could make it cheaper. You could save up to 10% if you get both home and auto insurance from USAA, for example. Other USAA home insurance discounts are for:
- Fire alarms or home security systems
- Being a customer for three years or more
- Not filing claims for at least five years
USAA also offers coverage aimed at the military community. This includes:
- Coverage for military equipment
- Uniforms of active-duty members covered with no deductible
- No deductible if your personal property is damaged or lost due to war
Best home insurance discounts: Farmers
Farmers’ average home insurance premium in Dallas isn’t among the cheapest, but its many discounts could make it a lot more affordable.
Farmers offers home insurance discounts for:
- Bundling home and auto insurance or other policies
- Going paperless
- Green certifications
- New homes
- Certain home safety features or updates
- Paying your bill on time
- Paying in full
- Automatic payments
Best coverage options: Allstate
Dallas homeowners who want to customize their insurance policies should get a quote from Allstate. Allstate offers the most optional coverages of any company we surveyed in Dallas.
Some of Allstate’s many add-ons provide coverage for:
- Business property
- Green improvements
- Musical instruments
- Sports equipment
- Trees, landscaping and riding lawn mowers
- Water backup damage
- Electronic data recovery
- Identity theft restoration
How much is home insurance in Dallas?
The average cost of homeowners insurance in Dallas is $6,279 a year for a home with a $450,000 dwelling coverage limit, for example. That’s 10% higher than the cost for a home with $400,000 in dwelling coverage.
Home insurance cost by dwelling coverage amount
| Dwelling coverage amount | Average annual rate | % increase from $350,000 |
|---|---|---|
| $350,000 | $5,159 | – |
| $400,000 | $5,729 | 11% |
| $450,000 | $6,279 | 22% |
Where you buy your home insurance policy can have a big impact, too. There’s only a 15% difference between Texas Farm Bureau’s average premium for policies with $350,000 and $450,000 in dwelling coverage for instance. With Allstate, the difference is 26%.
Cost of dwelling coverage by company
| Company | Average annual rate ($350,000 dwelling coverage) | Average annual rate ($450,000 dwelling coverage) | % increase |
|---|---|---|---|
| Chubb | $2,699 | $3,212 | 19% |
| Texas Farm Bureau | $3,563 | $4,089 | 15% |
| USAA* | $3,627 | $4,335 | 20% |
| Farmers | $4,256 | $5,122 | 20% |
| Allstate | $4,876 | $6,142 | 26% |
| State Farm | $5,208 | $6,303 | 21% |
| Travelers | $7,708 | $9,486 | 23% |
| Nationwide | $9,332 | $11,544 | 24% |
An easy way to find the cheapest rate is to compare homeowners insurance quotes from several companies before you renew or buy.