Homeowners Insurance Quotes in Killeen, TX

What You Should Know About Home Insurance in Killeen

Located 55 miles north of Austin, Killeen is a city with over 150,000 residents — and more on the way. Thanks to its proximity to the U.S. Army installation at Fort Cavazos, Killeen has seen rapid growth from military families moving into the area. The city traces its roots to the Gulf, Colorado, and Santa Fe Railway, which created Killeen to serve as a depot in the late 1800s.

Fort Cavazos and the private industry that services it make up the bulk of the city’s economy. From defense contractors to employees of the Civilian Personnel Office, the presence of the U.S. Army is responsible for the majority of jobs in the area.

With its booming population growth, it should not be surprising that the number of residential homes has also grown rapidly in recent years. If you live in Killeen, your home deserves protection on which you can count. Let the expert agents with InsureOne help you find the best Texas homeowners insurance policy that fits your budget.

How Much Does a Homeowners Insurance Policy Typically Cost in Killeen?

Curious what a policy in Killeen might cost? Different factors can come together to determine what your premium might be each month. It is important to note that the average premium for a policy for a $300,000 residence in Texas is $321 per month or $3,851 per year.

The following table contains the average premium prices for different kinds of houses in Killeen.

Dwelling Insurance Total	Average Annual Cost in Killeen	Average Annual Cost Nationwide
$300K	$3,439	$2,582
$600k	$5,843	$4,140
$1 million	$8,767	$7,380

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

How Do Home Insurance Deductibles Change Insurance Rates in Killeen?

In Killeen, your home insurance deductible — the amount you pay out of pocket before coverage kicks in — directly affects your premium. Opting for a higher deductible typically lowers your monthly rate because you are assuming more financial responsibility in the event of a claim.

On the other hand, a lower deductible increases your premiums but reduces your upfront costs when losses occur. Homeowners in Killeen often adjust deductibles based on their risk tolerance and ability to cover unexpected expenses. It is important to strike the right balance to ensure affordability while maintaining sufficient protection against common regional risks like hail or windstorms.

Is Home Insurance Tax Deductible in Killeen?

Home insurance is generally not tax deductible for personal residences. However, there are two exceptions of which to be aware. If you own rental property, the homeowners premiums you pay can typically be deducted as a business expense on your federal tax return. This includes full rentals or partial rentals within a home.

The second exception applies to individuals who use part of their home exclusively and regularly for business purposes. If a dedicated space in your home qualifies as a home office under IRS rules, a portion of your homeowners coverage may be deductible.

Does Killeen Have the 80% Homeowners Insurance Rule?

By now, you might have heard of something known as the “80% rule” in homeowners insurance. While this standard exists, it is important to understand that this is not a Texas state law — it is an industry standard used by many insurance companies. Under this rule, insurers often require you to carry coverage equal to at least 80% of your home’s total replacement cost. This is to ensure you have the capacity to rebuild following a total loss.

For example, if your home costs $250,000 to rebuild, you may need at least $200,000 in coverage in order for an insurer to cover your home. InsureOne agents help homeowners in Killeen navigate these requirements by reviewing property values and insurance needs. Whether you are buying a new policy or updating an existing one, our agents ensure you are not underinsured and at risk of receiving only partial coverage when you need it most.

Bundling Home and Auto Insurance in Killeen

Bundling home and auto insurance in Killeen is a smart way to save money and simplify your coverage. Bundling means combining multiple insurance policies, such as homeowners and auto, under one carrier. InsureOne offers discounts when you bundle, making it more affordable than purchasing separate policies from different companies.

In addition to savings, bundling offers convenience. You will have one point of contact, one renewal date, and one company handling your claims and customer service.

At InsureOne, our agents specialize in creating custom insurance packages tailored to your specific needs and budget. Our experts also handle the comparison shopping, evaluating coverage and rates from multiple providers, so you do not have to. This means less stress and more confidence that you are getting the best possible protection at a competitive price.

How Does Home Composition Impact Insurance Rates?

The materials used to build your home in Killeen can significantly affect your insurance rates. For example, stone or brick homes are often cheaper to insure because they are more resistant to fire, wind, and pest damage. However, if these homes are damaged, they tend to be more expensive to repair or rebuild due to higher material and labor costs.

In contrast, wood-framed homes may have lower replacement costs but pose a higher risk for fire and weather-related damage, which can increase premiums. Insurers consider these factors when calculating your rate, balancing risk and rebuilding expenses when setting coverage costs.

What Are the Different Types of Homeowners Coverage Offered in Killeen?

You have different options in front of you when it comes time to purchase homeowners coverage. There are eight types of homeowners policies from which to select. Some examples include the following:

• HO-1 policies provide a basic level of coverage for a residential home. It only covers damage resulting from a short list of specific hazards, like hail or fire. Claims for all other types of losses are denied.
• HO-3 policies cover more than the HO-1 option. They are far more expansive, covering most losses unless they result from an excluded event, such as flooding.
• An HO-4 policy is commonly known as renters insurance. This type of policy does not cover the structure of the home but instead pays for the loss of any possessions inside it.
• HO-5 policies are also very popular among homeowners. They cover both the structure of the home as well as the assets within it.

What Is the Most Common Type of Home Purchased in Killeen?

In Killeen, the most common type of home purchased is the single-family home. This trend reflects the city’s strong military presence, affordable cost of living, and family-friendly environment. With Fort Cavazos nearby, many military families and personnel choose Killeen for its accessibility and stable housing market. Single-family homes offer space, privacy, and the flexibility many homebuyers are looking for, especially those relocating from other parts of Texas or the country.

As residents invest in property, having the right homeowners insurance coverage becomes essential to protect their assets. Whether you are settling in for the long term or making a strategic investment, understanding your coverage needs is key to safeguarding your new home.

Which Common Natural Disasters Are Covered by Home Insurance in Killeen?

In Killeen, homeowners insurance typically covers damage from some natural disasters but not all. Some of the most common types of extreme weather include the following:​

• Windstorms and Hail: Standard homeowners insurance policies in Texas generally cover wind and hail damage, including that from tornadoes. This is crucial in Killeen, which lies near the southern edge of Tornado Alley and frequently experiences severe storms.​
• Wildfires: Wildfires are increasingly common in central Texas. Most standard policies include coverage for fire damage, which typically extends to wildfires. However, it is important to review your policy to confirm this coverage.​
• Flooding: Flood damage is not covered by standard homeowners insurance, which can make additional coverage crucial.