Texans know all too well that the weather can turn on a dime—hailstorms, hurricanes, and tornadoes are just a few of the challenges homeowners face. These natural risks can drive up your insurance costs compared to some other states. But take heart: with the right strategy, you can keep your home protected without emptying your wallet.
Step 1: Partner With an Independent Insurance Agent
One of the best ways to save on homeowners insurance is to work with an independent agent—like the friendly team at Thumann Insurance Agency. Because we partner with over 80 different carriers, you won’t have to spend hours juggling quotes on your own. Instead, we’ll do the legwork for you, matching you with tailored options that fit your unique situation and budget.
Why use an Agent/Broker?
According to Investopedia, an independent agent can often spot discounts and coverage options you might miss if you only check one insurer. It’s a great way to ensure you’re getting a fair price and the right level of protection.
Step 2: Follow These 10 Practical Tips to Help Lower Your Premium
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Avoid High-Risk Additions
Items like trampolines, swimming pools, or playground equipment (known as “attractive nuisances”) can increase your premium.
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Increase Your Deductible
Choosing a higher deductible (e.g., $2,500 instead of $1,000) lowers monthly payments, but be sure you can handle the out-of-pocket cost if you file a claim.
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Shop Around and Get Quotes Early
Don’t just grab the first quote you see—compare rates at least two weeks before your policy renews. Working with an independent agent makes this process even easier.
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Skip Small Claims
Filing multiple small claims can lead to higher premiums. For minor repairs, it’s often cheaper in the long run to cover them yourself.
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Bundle Policies
Combining home and auto insurance under one carrier can unlock discounts—sometimes up to 10% or more.
Big life changes—like remodeling a room or selling valuable belongings—affect how much coverage you really need. A quick annual review can keep you from overpaying.
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Improve Your Credit Score
Texas insurers use credit-based scoring to set rates. Stay on top of bills, reduce debt, and regularly check for credit report errors to keep your score (and your premium) lower.
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Make Your Home More Secure
Installing monitored security systems, smoke detectors, or burglar alarms may qualify you for discounts. Plus, these upgrades add peace of mind.
For a practical, step-by-step guide, check out the SafeWise Home Security Checklist. It offers simple tips for making your home more secure, which may help you qualify for further insurance discounts.
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Make Your Home More Disaster-Resistant
Reinforcing your roof, adding storm shutters, or updating older wiring can reduce the chance of major damage—and potentially lower your premiums.
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Ask About Discounts & Loyalty Programs
Insurance companies often reward nonsmokers, retirees, new homebuyers, and loyal customers. If you don’t ask, you might not get those extra savings!
Step 3: Evaluate Your Rebuilding Costs
When deciding how much coverage you need, remember that your land generally isn’t at risk from disasters like fire or theft. So, focus on the cost to rebuild the structure itself. This way, you won’t end up paying for more insurance than necessary.
Step 4: Decide Between Replacement Cost vs. Actual Cash Value
Choosing between “replacement cost” and “actual cash value” can make a big difference in your claim payout:
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Replacement Cost Coverage:
Pays for repairs or replacements at current market prices, without factoring in depreciation. -
Actual Cash Value (ACV):
Subtracts depreciation, so you’ll likely receive less for older items or materials.
If you’re unsure which coverage makes the most sense, just reach out to Thumann Insurance Agency in Dallas. We’ll help you find the balance that fits your budget and your peace of mind.
Step 5: Compare Texas Insurance Costs vs. the Nation
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Average Annual Premium in Texas: $1,900–$2,000
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National Average: $1,300–$1,500
Why the Difference?
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Severe Weather: Hurricanes, tornadoes, and hailstorms increase the likelihood of expensive claims.
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Construction Costs: Prices for materials and labor can vary across different regions.
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Litigation Environment: Local legal factors can also influence insurance rates.
Quick Stats
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Most Common Claims in Texas: Wind, hail, water damage, fire, and theft.
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Highest vs. Lowest Costs: Large cities like Houston or Dallas often see higher premiums, while rural areas may pay less.
Step 6: Finalize Your Coverage & Stay Prepared
Saving on homeowners insurance doesn’t mean cutting corners on protection. By avoiding high-risk additions, increasing your deductible, and working with an independent agent, you can find a policy that suits your life and budget. At Thumann Insurance Agency, we’re here to keep things simple, transparent, and tailored to you.
Ready to save on your homeowners insurance? Contact us today for expert advice and personalized coverage tailored to your needs. Call us at (972) 991-9100 or get a free quote online
About the Author
Lauren Thumann, Marketing Director at Thumann AgencyLauren has been with the Thumann Insurance Agency for over a decade, helping Texas home and business owners navigate their insurance options with ease. With a passion for making complex topics simple, Lauren focuses on providing valuable insights that empower clients to make informed decisions.
Disclaimer: This information is provided for general educational purposes only and is not intended to be construed as legal advice or as a complete description of available insurance products or coverages. Coverage terms, conditions, limitations, and exclusions vary by state and insurance provider. Not all products, coverages, or discounts mentioned are available in all states, including Texas. The examples and descriptions provided are for illustrative purposes only. For specific information about your insurance needs or questions about coverage, please contact The Thumann Agency directly.