Online El Paso, TX Homeowners Insurance Quotes!
El Paso, TX Home Insurance Premium Review
One of the more common questions that come up when discussing rates with homeowners in El Paso, TX is “What’s the average premium for homeowners in Texas?” In other words, what does everyone else pay compared to your monthly or annual home insurance bill. The answer is easy, for homeowners living in El Paso, we see an overall average of $1947.00. Now whether you are above or below the average may depend on the actual square footage size of your home, the additional discounts that can be applied and the home improvements or upgrades that have been made. The national average for homeowners nationwide is $1132. In order to gain an understanding of how your rate will be compiled, we have listed a few helpful resources to help you understand replacement cost value, home insurance credits and home features that help discount your premium.
Top 5 Helpful Saving Resources
- FAQ: What is a El Paso, TX Homeowners Insurance Policy?
- FAQ: What does a replacement cost coverage and actual cash value mean for my home in El Paso, TX?
- This home insurance calculator will calculate your dwelling coverage for your home in El Paso, 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
- Installing smoke detectors, a security system and getting the same home and auto policy with the same carrier is a good start but to really kick-start your home insurance savings you have to dig a bit deeper. Here are the top 3 home insurance credits available to homeowners.
El Paso, TX Home Insurance Average Premiums
Texas’s Average Home Insurance Rates Overall
For the state of Texas, homeowners insurance premiums have changed based on a variety of different factors related to risk and is currently ranked 2 in the nation for highest premiums in the U.S.
Average Number of Residents Living in El Paso, TX.
Liability coverage helps protect your family against certain lawsuits, your family would consist of everyone living within your home residence. Speak with our local El Paso homeowners insurance agent about the right home insurance coverage for you.
This is the average home value in El Paso, TX.
Your home insurance agent will ask you about your dwelling coverage. The replacement value (dwelling coverage) is different than the market value of your home. In other words, the price to replace your home is not the same as the price you would get if you wanted to sell your home within the local real estate market because the cost of the land does not need to be factored into the replacement cost. Use our Home Insurance Calculator to get a El Paso, TX replacement value estimate.
This is the average El Paso, TX household income.
When shopping for insurance, savings is top priority. We understand how important affordable rates are you and your family. Check out what homeowners are paying on average for Texas homeowners insurance .
This is the average home elevation in El Paso, TX
Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone. Please understand that your home is not covered for floods under a standard home insurance policy. You will need to speak with your local Texas homeowners insurance agent about a flood insurance policy.
To get a quote on your home and compare rates on home insurance premiums in El Paso, 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 El Paso County .
Texas Home Insurance News
There are definite upsides to living in North Carolina, our famous beaches, vibrant cities, world-class restaurants and numerous cultural activities make our state a great place to call home. However, one of the advantages of living here can be a double-edged sword. While many of our cities, Raleigh, Fayetteville or Charlotte are just a few [ ]
According to a report from Insurancequotes.com, your credit history may have a much bigger impact on your homeowners insurance rates than previously thought, and the gap between a poor and excellent credit rating seems to be growing. In fact, if you have a poor credit rating, on average, your premium will be more than double [ ]
Hurricane season is just around the corner and last year s extremely active season was a major wake-up call for residents of Florida, North Carolina and other coastal states. In order to help Florida residents make sure they are prepared, People s Trust Insurance recently released a hurricane preparedness guide to help their customers and homeowners in [ ]
North Carolina is a beautiful state to live in but homeowners insurance can be expensive, especially if you live near the coast. The average premium for an HO-3 policy, which is considered the standard for single family homes in North Carolina, is $1,008, which is roughly 8 percent lower than the national average of $1,034. [ ]
February 08, 2017
Selling a home can always be a challenge, but selling a home in a flood prone neighborhood can be extremely difficult. If your home is located in a designated flood zone you may find buyers are less willing to make an offer or will offer well under your asking price. Below is a list of [ ]
Home Insurance Tools Tips
Do you have questions about El Paso, TX homeowners insurance? Review frequently asked questions!
Learn some tips and tricks about home insurance to help you receive additional discounts on your policy in El Paso.
Get the most recent Texas home insurance news about rates, companies and coverages.
El Paso, TX Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in El Paso 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.
Minimum Replacement Cost Total: $53,356
Location: El Paso, Texas (El Paso County)
Average Building Cost Per Square Foot in El Paso: $95
Average Square Footage in El Paso: 562 Sq. Ft.
Home Improvement Status
The dwelling coverage is calculated by the average cost per square foot ($95) in El Paso, 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 buld 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 $296,875 (Media price to build of $119 x 2500 sq. ft.) to cover the cost to rebuild your new home.
El Paso, TX Household Information
- Population: 649,121
- Avg. Households Per Zip Code: 10,194
- Avg. Person Per House: 3
- Avg. House Value: $53,356
- Avg. Income Per Household: $25,141
- Avg. Elevation: 3695 ft.
- Region: South
- Division: West South Central
- Area Code(s): 915
El Paso, TX Home Insurance Quotes!
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