Updated: December 14, 2024
Advertising & Editorial Disclosure
In Plano, 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 HomeInsurancePlano, TXTable of Contents
Why Trust MoneyGeek? We used data from the Texas Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Plano, ensuring our choices are backed by data and industry standards.
Home insurance rates in Plano represent the most competitive quotes as of September 2024.
MoneyGeek found that Chubb is the best option in Plano, Texas, for home insurance with $100K dwelling coverage, with a MoneyGeek score of 96 out of 100.
The scores for home insurance companies in Plano vary 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 | 91 | $2,440 |
| Farmers | 82 | $2,278 |
| State Farm | 81 | $2,832 |
| Nationwide | 77 | $3,536 |
| IAT Insurance Group | 49 | $4,055 |
| ASI | 44 | $5,760 |
MoneyGeek found that Chubb is the best option for home insurance in Plano, Texas, for $100K dwelling coverage. The two best overall home insurance companies in Plano for $100K dwelling coverage are:
Chubb stands out as the best home insurance provider due to its strong customer satisfaction, affordable premiums, and extensive coverage options.
Plano, 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 is the best overall company with high scores in affordability and customer satisfaction. It offers valuable coverages like guaranteed replacement cost, which helps rebuild your home even if costs exceed your policy limit. Building ordinance or law coverage pays for updates to meet current codes. Cash settlement allows you to receive a payout if you choose not to rebuild. These options provide flexibility and protection for homeowners.
Chubb also provides discounts such as new home and home renovation, helping homeowners save money.
MoneyGeek found that Amica offers the best customer service in home insurance in Plano, TX, for $100K dwelling coverage. This company excels in customer satisfaction.
Amica ranks highest due to its impressive customer satisfaction, making it the preferred choice for homeowners seeking reliable service. Excellent home insurance service means you feel understood and prioritized by your insurance provider.
Amica scores high on MoneyGeek due to its great customer satisfaction and coverage. It offers comprehensive home insurance with guaranteed replacement cost and back-up of sewer or drain. You can save with discounts like continuously insured and bundle. Stay with Amica for over two years to qualify for the continuously insured discount.
Amica provides useful coverages like home business property, which protects business items at home, and loss assessment, which covers shared property in condos. Scheduled personal property helps replace valuable items like jewelry if lost or stolen.
MoneyGeek found that Chubb is the best cheap home insurance company in Plano, TX, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
Chubb stands out because of its high customer satisfaction score.However, cheap home insurance often means opting for lower coverage, which can help your wallet but might not be enough if something bad happens. In situations where saving on premiums is key, considering the cheapest homeowner insurance companies may be helpful.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Chubb is the best cheap company with high scores in affordability and satisfaction. Its coverages include guaranteed replacement cost, which helps rebuild your home even if costs exceed limits. Building ordinance or law coverage brings your home up to code after damage. Cash settlement lets you choose a cash payout instead of rebuilding, offering flexibility.
You can save with discounts like new Home, which applies to homes 10 years old or less, and home renovation, which applies to homes updated in the last 6 years.
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
Many factors, including location, affect homeowners insurance in Plano. Comparing rates saves money, but it can take over an hour for three or more companies. MoneyGeek’s home insurance calculator helps you save time by focusing on key factors. Simply enter your age, dwelling coverage, credit score, deductible, liability coverage and a few other details for a quick estimate.
Chubb is the top choice in Plano, TX, for the lowest price and best coverage score for a $100K dwelling. The following companies offer the lowest annual premiums in their respective dwelling coverage categories:
Chubb stands out due to its affordable cost in Plano. Farmers offers lower prices for $250K and $500K coverage, but its score isn't as high as Chubb's. Choosing the right amount of dwelling coverage is essential as it significantly affects the insurance premium.
Securing the cheapest homeowners insurance in Texas can aid in smarter financial planning.
| Chubb | $1,878 |
| Farmers | $2,278 |
| Amica | $2,440 |
| State Farm | $2,832 |
| Nationwide | $3,536 |
| IAT Insurance Group | $4,055 |
| ASI | $5,760 |
Farmers offers the most affordable home insurance provider for high-value properties in Plano, TX. Homes requiring high dwelling coverage often need costlier replacement, leading to increased home insurance costs.
Farmers stands out in Plano due to its low annual premiums for high-value homes. 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 | $6,243 |
| State Farm | $9,705 |
| Chubb | $11,627 |
| Amica | $14,331 |
| Nationwide | $14,617 |
| IAT Insurance Group | $18,052 |
| ASI | $28,137 |
Nationwide is the most affordable option for new homes in Plano, TX, requiring $100K in dwelling coverage..
Nationwide stands out in Plano due to its low cost compared to other providers. It is not only affordable but scores well overall, making it a top choice despite its reasonable rates. Always make sure you are adequately covered.
| Nationwide | $792 |
| State Farm | $1,277 |
| Chubb | $1,332 |
| Farmers | $1,516 |
| Amica | $1,687 |
| IAT Insurance Group | $1,878 |
| ASI | $1,953 |
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.
To figure out how much home insurance you need, consider the specifics of your home — take into account the rebuilding costs, the value of your personal property and your liability needs.
Research insurance companies operating in Plano. Look for those with strong financial stability, good customer reviews and a track record of quality service.
After identifying necessary coverages, compare home insurance quotes. In Plano, premiums for a $100K dwelling can range from $1,878 to $4,055 annually.
Inquire with each provider about potential discounts, such as those for policy bundling, installing security features, or maintaining a claims-free record.
Opting for a higher home insurance deductible can lower your premium, but ensure it's an amount you can manage if a claim arises.
Enhancing home security with systems and sturdy locks can decrease your home's risk profile and potentially reduce insurance costs.
A good credit score can influence your insurance rates in Plano. Keep up with timely bill payments and minimize outstanding debt.
Consider combining your homeowners insurance with other policies, like auto insurance, to achieve discounts and savings.
The best cheap home insurance provider for you in Plano ultimately depends on how much coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Plano, Texas.
The average cost of home insurance in Plano, Texas, is $1,936.
The cheapest home insurance company in Plano, Texas, is Chubb with an annual premium of $1,878.
The best home insurance in Texas for Plano 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.
