Updated: December 16, 2024
Advertising & Editorial Disclosure
In McKinney, TX, Chubb is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, Amica is best.
Choosing the best inexpensive home insurance depends on what you value, such as costs or how a company helps when you have questions or problems.
Best HomeInsuranceMcKinney, TXTable of Contents
Why Trust MoneyGeek? We studied data from Texas's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in McKinney, grounding our advice in data and standards.
As of September 2024, the rates for home insurance in McKinney demonstrate the most competitive premiums available.
MoneyGeek found that Chubb is the best option in McKinney, TX, with a MoneyGeek score of 96 out of 100 for $100K dwelling coverage.
The scores for home insurance companies in Raleigh range from 44 to 96. These figures are based on MoneyGeek's scoring system, and insurers may have different scores depending on your credit history and the age of your home.
| Chubb | 96 | $1,878 |
| Amica | 93 | $2,399 |
| Farmers | 84 | $2,245 |
| State Farm | 83 | $2,903 |
| Nationwide | 82 | $3,441 |
| IAT Insurance Group | 55 | $4,029 |
| ASI | 44 | $7,077 |
MoneyGeek found that Chubb is the best option in McKinney, TX, for home insurance with a dwelling coverage of $100K. The two best overall home insurance companies in McKinney for $100K dwelling coverage are:
Chubb stands out as the best home insurance provider due to its excellent customer satisfaction and competitive pricing.
McKinney, TX, homeowners have a choice among various companies, each offering different costs and service experiences. While affordability is key, other factors — such as customer support and coverage options — are important, especially when filing a claim.
Chubb scores high on affordability and satisfaction. It offers comprehensive coverage with options like guaranteed replacement cost, which ensures your home is rebuilt to its original state, even if costs exceed your policy limit. It also offers building ordinance or law coverage, which helps bring your home up to current codes after a loss. Cash settlement also allows flexibility if you choose not to rebuild.
In addition, Chubb provides discounts for new homes and home renovations, helping policyholders save money.
MoneyGeek found that Amica is the best option in McKinney, TX, for customer service in home insurance with $100K dwelling coverage. You can see the top two providers below:
Amica tops the list because of its excellent customer satisfaction and competitive coverage options. Their high satisfaction scores mean customers are generally happy with their service. Choosing Amica makes sense because it combines great service with comprehensive coverage. Excellent service in home insurance means quick claim processing, friendly support, and solvency in addressing customer needs.
Amica scores high for customer satisfaction and coverage. It offers comprehensive home insurance with guaranteed replacement cost, which helps rebuild your home if costs exceed limits. Back-up of sewer or drain covers water damage from backups. Scheduled personal property protects valuable items like jewelry.
It also provides discounts like continuously insured and automatic payment. To qualify for continuously insured, stay with the same insurer for at least two years.
MoneyGeek found that Chubb is the best cheap home insurance option in McKinney, TX, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
Chubb stands out due to its strong affordability and good customer satisfaction. However, choosing cheap home insurance often means selecting lower coverage, which can be friendly to your wallet but risky if an accident happens. In cases where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial. The best cheap insurance differs from the cheapest in that it balances cost with other factors like coverage and customer service.
Chubb is the best cheap company with a high MoneyGeek Score due to its affordability and coverage. It offers coverages useful for homeowners. Guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or law covers updates to meet current codes. Cash settlement offers a payout if you choose not to rebuild. These coverages protect your home and belongings.
Chubb provides discounts like new home for homes 7 or 10 years old or less and home renovation for recently updated homes. These help you save money.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 23, 2024
In McKinney, many factors impact homeowners insurance, with location being a key one. Comparing rates is the best way to save, though it may take over an hour, as it can take 15 minutes per company and you should compare at least three. MoneyGeek's home insurance calculator saves you time. Just enter basic details like age, dwelling coverage and credit score for an estimate.
Chubb is the best option in McKinney, TX, for $100K dwelling coverage, based on affordability and a high score of 98. Your chosen dwelling coverage significantly impacts your home insurance premium.
Chubb stands out in McKinney for its cost-effectiveness and high score, making it a smart choice. Although the cheapest option for 250K and 500K coverage, Farmers does not have the highest score, but it offers affordability. Buying the cheapest homeowners insurance in Texas can help manage your finances efficiently.
| Chubb | $1,878 |
| Farmers | $2,245 |
| Amica | $2,399 |
| State Farm | $2,903 |
| Nationwide | $3,441 |
| IAT Insurance Group | $4,029 |
| ASI | $7,077 |
Farmers is the best option for high-value home insurance in McKinney, TX. Homes with a replacement cost over $750,000 require high dwelling coverage, and home insurance costs tend to rise with higher coverage needs.
Farmers stands out as the most affordable in McKinney, TX, based on premium. While cost is essential, the insurer also receives a high rating from MoneyGeek, suggesting that being the least expensive doesn't mean compromising quality.
| Farmers | $6,091 |
| State Farm | $9,945 |
| Chubb | $11,627 |
| Amica | $14,075 |
| Nationwide | $14,313 |
| IAT Insurance Group | $17,932 |
| ASI | $34,287 |
Nationwide is the most affordable option for new homes requiring $100K dwelling coverage in McKinney, TX, offering the cheapest home insurance.
Nationwide stands out as the best choice in McKinney, TX, due to its affordable cost. It provides significant savings for homeowners. While it offers a lower price, other providers might score differently based on various factors.
Remember that it's essential to be adequately covered for your specific needs.
| Nationwide | $791 |
| State Farm | $1,309 |
| Chubb | $1,332 |
| Farmers | $1,495 |
| Amica | $1,657 |
| IAT Insurance Group | $1,868 |
| ASI | $2,335 |
Securing the best cheap homeowners insurance is about finding a provider that delivers excellent customer service and comprehensive coverage at an affordable rate. Providers that achieve this balance offer peace of mind without breaking the bank, ensuring you are well protected from various risks to your home.
To guide you through the process, we outlined key factors to consider when seeking the best and most affordable homeowners insurance for your home.
Assess your insurance requirements in McKinney, Texas. To determine how much home insurance coverage you need, consider rebuilding costs, personal property value and liability needs.
Look into insurance companies operating in McKinney. Focus on those with strong financial backgrounds, positive customer feedback and reliable service records.
Identify the coverage you require and compare home insurance quotes. In McKinney, Texas, premiums for $100K dwelling coverage range from $1,878 to $4,029 annually.
Inquire with each insurer about possible discounts. Explore savings from bundling policies, adding safety devices or maintaining a claim-free history.
Opting for a higher home insurance deductible can reduce your premium. Ensure the deductible is affordable if a claim arises.
Enhance your home's security by installing systems and sturdy locks. This can lower your home's risk profile and potentially decrease insurance costs.
Keep a strong credit score as it influences your insurance rates in McKinney, Texas. Pay bills promptly and minimize outstanding debt.
Think about bundling your homeowners insurance with other policies like auto insurance. This approach can offer substantial discounts and savings.
The best cheap home insurance provider for you in McKinney depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in McKinney, Texas. Understanding these factors can help you make informed decisions and avoid common pitfalls in home insurance selection.
The average cost of home insurance in McKinney, Texas, is $1,988.
The cheapest home insurance company in McKinney, Texas, is Chubb with an annual premium of $1,878.
The best home insurance in Texas for McKinney residents is provided by Chubb, with a MoneyGeek score of 96 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
