![]() ![]() If that’s the case, you can buy windstorm insurance from a private insurer or get coverage from the Texas Windstorm Insurance Association if you live in a coastal county. However, you may have to pay a separate insurance deductible for wind or hail damage because your insurer may not provide windstorm coverage as part of your policy. Standard home insurance should cover damage from these events. Several types of severe weather in Texas could put your home at risk, namely hurricanes, hail, tornadoes and wildfires. What do Texas home insurance policies cover? ![]() San Antonio: $2,900 per year, $242 per monthįort Worth: $4,535 per year, $378 per month Here’s what the averages look like in the state’s largest cities: How much you pay for homeowners insurance depends on the Texas city you live in. Those costs were already up due to supply chain issues and record-high inflation that started in 2020. Severe weather contributes to higher-than-average labor and construction costs because there’s less supply and more demand. The reason why homeowners insurance is so expensive in Texas is because the state is at worsening risk for a myriad of natural disasters, including hurricanes, wildfires, tornadoes and hail, which could damage your home. And it’s a lot worse for those with poor credit, who pay an average of $6,855 per year for homeowners insurance, according to NerdWallet’s analysis, 77% more than those with good credit. That’s 113% more than the national annual average of $1,820. Texas is the second most expensive state for homeowners insurance after Oklahoma, with the average cost being $3,875 per year, or about $323 per month, according to NerdWallet. ![]()
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