With Texas experiencing a surge in severe weather events—hailstorms and tornadoes—homeowners are facing skyrocketing insurance premiums and higher deductibles. Home insurance rates in Texas have increased by 54.5% from 2019 through March 2024, with the average annual premium reaching $4,647, making it the fourth highest in the country. Additionally, many insurers are shifting from the traditional 1% wind and hail deductibles to 2%, effectively doubling out-of-pocket costs for claims. Wall Street Journal insurance prices by state
As a roofing and restoration contractor, I frequently advise clients on selecting insurance providers that offer comprehensive storm protection, reasonable deductibles, and reliable claims service. Below is an updated list of the top 10 homeowners insurance companies in Texas for 2025, focusing on those that still offer 1% deductibles and have strong reputations for handling roof damage claims.
Top Homeowners Insurance Providers in Texas (2025)
1. State Farm – Renowned for affordability and financial strength (A++ AM Best rating). Offers customizable deductibles, including 1% options in many areas.
2. Farmers Insurance – Provides flexible deductible options and a low complaint ratio, making it a solid choice for value-conscious homeowners.
3. Amica Mutual – Highly rated for customer service and claims satisfaction. Offers comprehensive coverage with potential for 1% deductibles.
4. Chubb – Caters to high-value homes with robust coverage options. Offers 1% deductibles and exceptional claims service.
5. USAA – Exclusive to military members and their families. Known for excellent customer service and competitive rates, often with 1% deductible options.
6. Nationwide – Offers comprehensive coverage options and customizable deductibles, including 1% in certain areas.
7. Allstate – Provides a range of coverage options with the possibility of 1% deductibles, depending on location and home specifics.
8. Texas Farm Bureau – Offers basic coverage at low rates, with potential for 1% deductibles in some regions.
9. Progressive – Known for bundling discounts and flexible coverage options. May offer 1% deductibles depending on the policy.
10. Liberty Mutual – Provides various coverage options with the possibility of 1% deductibles, subject to underwriting guidelines.
⚠️ The Shift Toward Higher Deductibles
In recent years, Texas homeowners have faced increasing challenges with rising deductibles:
Shift from 1% to 2% Deductibles: Many insurers have moved from the traditional 1% wind and hail deductibles to 2%, effectively doubling out-of-pocket costs for claims.
Premium Increases: Home insurance premiums in Texas rose by 21% in 2023 and another 19% in 2024, driven by factors like inflation and increased storm activity.
Insurer Adjustments: Some companies are automatically increasing deductibles upon policy renewal, particularly in high-risk areas, to mitigate potential losses.
💡Tips for Choosing the Right Insurance Provider
Prioritize Deductible Options: Seek insurers that still offer 1% deductibles, especially for wind and hail coverage, to minimize out-of-pocket expenses during claims.
Compare Multiple Quotes: Rates and deductible options can vary significantly between companies. Obtain quotes from several insurers to find the best combination of coverage and cost.
Assess Financial Strength and Customer Service: Choose companies with strong financial ratings (e.g., A.M. Best) and positive customer reviews to ensure reliability during claims.
Consider Bundling Policies: Bundling home and auto insurance can lead to discounts, potentially offsetting higher premiums or deductibles.
Consult Local Agents: Local insurance agents can provide insights into which companies offer favorable terms in your specific area.
Given the evolving landscape of homeowners’ insurance in Texas, it’s crucial to stay informed and proactive in reviewing your policy options. By focusing on companies that offer 1% deductibles and balancing premium costs with coverage needs, you can make a well-informed decision that safeguards your home and finances.
If you have questions about your current policy or need assistance with roofing repairs and insurance claims, feel free to reach out.
Robert Madsen
Owner
Monumental Construction & Restoration
MonumentalRoofing.com
