To get the best deal on home insurance, shopping is essential.
Texas Insurance Commissioner Cassie Brown said: “Texas continues to be a competitive property insurance marketplace with many choices for consumers. To take advantage, consumers should shop around for the coverage and price that best suits their needs.”
Texans can start at HelpInsure.com. This website lets you compare sample rates and policies from insurance companies selling in your area. It also includes a company’s financial rating and complaint index, two important factors to consider.
If you need help shopping, consider working with an independent agent or broker who can compare policies from several insurance companies.
Nearly 160 companies sell homeowners insurance policies in Texas.
The count has held since 2022. It’s also up more than 20% from a decade ago.
Insurance companies sold more than 8.7 million policies in Texas in 2023 — up 35% from 2013.
If you can’t find coverage, the Texas FAIR Plan, the state’s property insurer of last resort, might be an option.
Have a question about insurance? Call the Texas Department of Insurance at 800-252-3439 or visit www.tdi.texas.gov.