HomeInsuranceQts

Home Insurance in Texas

The median home value in Texas is $283,800.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Texas was built around 1992. About 12% of homes were built before 1960.

In Texas, the housing stock is 67% single-family homes, 21% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Texas, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Texas has an owner-occupancy rate of 63% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.

In Texas, 61% of homes are primarily heated with electricity.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

Key figures

Median home value$283,800
Median year built1992
Owner-occupied share63%
Share of owner-occupied homes with a mortgage56%
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)

Counties

Sources