Homeowners Insurance Quotes in Fort Worth, TX

What You Should Know About Home Insurance in Fort Worth

Fort Worth is the fifth-largest city in Texas and the seat of Tarrant County. The city, established in 1849, has a history of cattle moving through the area, earning the city the nickname of Cowtown. Fort Worth covers around 350 square miles and sits 32 miles west of Dallas.

Enjoy the area’s many activities, including shopping and eating at downtown Fort Worth’s Sundance Square. Learn about local cowboy and cowgirl history at the Fort Worth Stockyards National Historic District and the National Cowgirl Museum & Hall of Fame. Take part in outdoor recreation on the Trinity River, such as kayak and paddleboard rentals, or spend the day hiking the trails and lounging on the beach.

What else can help you enjoy the day? Knowing your home is protected by having the best homeowners insurance. Friendly agents providing top-tier service can find you excellent coverage at competitive rates.

How Much Does a Homeowners Insurance Policy Typically Cost in Fort Worth?

The answer? That depends. Factors affecting your cost include crime rates in your residence zip code and the likelihood of a natural disaster affecting your home.

The average cost of homeowners insurance in Texas is about $3,851 a year for a $300,000 home — Fort Worth homeowners pay more than this average. The chart below compares the average cost of Fort Worth insurance to the national average.

Dwelling Insurance Total	Average Annual Cost in Fort Worth	Average Annual Cost Nationwide
$300K	$5,190	$2,582
$600K	$9,009	$4,140
$1 million	$13,671	$7,380

We arrived at these numbers by using the cost of dwelling coverage, with $100,000 liability and a standard $1,000 deductible.

How Do Home Insurance Deductibles Change Insurance Rates in Fort Worth?

Your deductible is a major factor in determining your insurance rates. The deductible is what you pay when you file a claim before your insurer pays their portion. The average $100,000 liability policy carries a $1,000 deductible. However, you may choose a higher deductible, such as $1,500 or $2,000.

By increasing your deductible, you may earn up to 16% off your bill in monthly savings. If you need to file a claim, though, you will have to cover that higher deductible before your insurer pays.

For example, imagine coverage on your $300,000 home costs you $432.50 per month, and you raise your deductible from $500 to $2,000. Your new monthly bill could potentially drop to $363.30 (a savings of $69.20 per month). But if you filed a claim for $5,000, you would be on the hook for the new $2,000 — rather than the previous $500 — deductible.

Your personalized cost and savings depend on your unique factors, so please verify your rate with your agent.

Is Home Insurance Tax Deductible in Fort Worth?

In most cases, your homeowners insurance is not tax deductible. You may be able to claim this expense on your taxes if:

• You rent out a non-residence home as a business: You can most likely deduct insurance on that rental as a business expense.
• You use a space in your home solely as a home office: You can typically deduct the percentage of your insurance that matches your office size. For example, if your office is 10% of your home’s square footage, you can typically deduct 10% of your insurance rate.
• Your insurer has rejected or partially rejected a claim: You may be able to claim this as a casualty loss.

There are specifics to be aware of — be sure to provide your specific circumstances to your tax professional.

Does Fort Worth Have the 80% Homeowners Insurance Rule?

The 80% rule is an insurance industry standard many insurers follow, which means your coverage must be for at least 80% of your home’s value. This protects you as a homeowner by making sure you have sufficient coverage.

As an example, for your $900,000 Tanglewood home, you will need $720,000 worth of coverage (80% of $900,000). If your home’s value changes for any reason, such as home improvements, you will need to change your policy accordingly to ensure you have adequate coverage.

Your InsureOne agent can provide you with concierge service to find you customized options for your specific needs.

Bundling Home and Auto Insurance in Fort Worth

Bundling is when you buy more than one policy from one carrier. You can bundle your homeowners with auto coverage or any other type of insurance your carrier offers. Bundling can help you save on homeowners insurance by providing you with a nice discount, in some cases up to 25% off your bill.

Visit your local InsureOne for one-stop-shop service where expert agents can provide you with customized bundling and cost savings.

What Weather Affects Home Insurance Costs in Texas?

You might wonder why your Texas homeowners insurance is so expensive.

Texas homeowners pay more than the national average in part due to the increased risk of severe weather, such as the following:

• Hurricanes: Hurricanes are a common occurrence in Texas, bringing storm surges, heavy rain, strong wind, and flooding.
• Tornadoes: The National Oceanic and Atmospheric Administration reports that there have been nearly 10,000 tornadoes in Texas since 1950, with 285 of them happening in 2015.
• Windstorms: Severe windstorms cause wind damage and risk of fires when coupled with the area’s dry brush.

While some Texas areas are affected by these weather conditions more than others, these conditions bring a higher risk of claims to the state, which means higher premiums for all Texans.

What Are the Different Types of Homeowners Coverage Offered in Fort Worth?

Expert agents will review your circumstances to help you find the best Fort Worth policy from the eight types of homeowners insurance.

Here are four examples:

• HO-1 policy: This basic type of policy covers damage from 10 perils, including fire, wind, hail, theft, and vandalism.
• HO-2 policy: This expanded policy covers those in the HO-1 policy and additional perils. For example, if your home suffers from frozen plumbing or damage from snow and ice or falling objects, this policy will cover it. This policy covers the actual cash value of your items, which factors in depreciation.
• HO-5 policy: This comprehensive policy is the highest level of coverage for your home and belongings. It has few exclusions and pays for the replacement costs of your items.
• HO-6 policy: This condo and co-op policy provides “walls-in coverage.” This coverage includes your personal belongings along with walls, floors, and ceilings.

Some plans include other features, such as liability and medical payments to others. Be sure to check with your agent about the specifics of each plan and how they apply to your unique situation.

What Is the Most Common Type of Home Purchased in Fort Worth?

There are over 326,000 homes in Fort Worth with a variety of styles, depending on the neighborhood — almost 65% of these are single-family homes and 40% have three bedrooms. Find historic craftsman and Victorian homes in Fairmount, Mediterranean homes in Mira Vista, and condos, lofts, and townhomes in Downtown Fort Worth.

Nearly 30% of homes sold in Fort Worth fall into the value range between $274,000 and $410,000, with a median cost of about $339,000. About 31% of Fort Worth residents have a college degree, and the median household income is about $73,000. Your risk of experiencing property crime in Fort Worth is one in 38.

No matter where you choose to live in Fort Worth, you will need the best homeowners insurance coverage to ensure the place you call home is protected.

Which Common Natural Disasters Are Covered by Home Insurance in Fort Worth?

Fort Worth has hot, muggy summers with standard highs into the 90s and sometimes into the low 100s. Its mild winters see an occasional dusting of snow. The area experiences moderate rainfall but severe thunderstorms. Wind gusts of 10 miles per hour and stronger affect the area for about seven months of the year.

Most insurance policies offer protection from the following perils:

• Fires: Texas wildfires burned around 250,000 acres in 2023. Fire damage is covered under a standard policy.
• Windstorm: Your policy likely covers damage from any type of wind event, including tornadoes and hurricanes.
• Hailstorms: This is a common Texas weather event, with stones sometimes large enough to cause severe damage. Most standard policies cover hail damage.

Receive white-glove service and high-quality coverage options from your local expert agent.