TGS Insurance is Your Trusted Home Insurance Partner in El Lago, TX
Comparison Shop Home Insurance in El Lago, TX from Multiple Carriers in Minutes!
Only 44% of homeowners shop and compare their homeowners insurance policies when it’s time for their renewal. One of the main reasons why is that it can be a tedious and time-consuming process but with TGS Insurance, we make buying insurance simple and easy. We shop and compare prices from our bank of 35+ A-rated insurance providers to find you the best price without compromising on coverage. Buying homeowners insurance has never been easier!
How Much Does El Lago Homeowners Insurance Cost?
The average cost for homeowner insurance in El Lago, TX is about $1,221 each year. Our customers save an average of $870 per year on their home insurance premiums when they switch to TGS Insurance!
Calculating Premiums for Home Insurance in El Lago, TX
When insurance providers calculate your home premiums, they take into consideration a few factors about your home. There are major, moderate, and small factors that insurers use to accurately determine what you will pay annually. Essentially though, it all comes down to risk. The higher the risk, the higher the premium, and vice versa. Let’s take a closer look at the different factors.
Major Factors
The main factors that determine the price of your premiums are your replacement cost value, credit score, and claim history. The replacement cost value for your home will determine how much coverage you will need to buy to protect your home in the event it needs to be completely rebuilt. In regards to credit score, insurers will typically charge you a higher rate for a low credit score and a low rate for a higher credit score. But if you do have a low credit score, not to worry, it doesn’t mean you won’t get insurance! Lastly, insurance providers look at your claims history. If you’ve filed a lot of claims in the past, you’re deemed a bit riskier to insure resulting in a higher premium.
Moderate Factors
Where your home is located, the age, and what materials it was made out of all moderately affect your homeowners insurance premium. If your home is located in an area with high crime rates or is near a coastline, then your rates will probably be higher because of the risk that comes with living in those types of areas. A home that is 25 years or older typically pays more because these types of homes have older plumbing, wiring, and heating systems. Homes that are 10 years and younger sometimes qualify for discounts. For materials, homes made out of concrete, metal, or brick tend to cost less to insure over a home that is made out of wood.
Small Factors
Installing protective devices like a security alarm, deadbolt locks, fire extinguishers, surveillance cameras, and motion sensor lights can all reduce the risk of you filing a claim for burglaries or fires, therefore result in a cheaper premium. Be sure to ask your insurance agent about what discounts are available to you!
How Much is Flood Insurance in El Lago?
On average, Texans pay about $634 a year for flood insurance, but ultimately the price depends on where you live. El Lago, TX is located south of Houston, where our TGS Insurance customers pay about $518 each year, which means we are saving them about $116 every year on flood insurance!
El Lago, TX is surrounded by Clear Lake, Taylor Lake, and Trinity Bay, which puts this area at high-risk for flooding. Hurricane Harvey caused about 90 homes to flood and since then, El Lago, TX homeowners have seen floods occur about two to three times a year. With how frequently it floods in this area, El Lago, TX homeowners should have a flood insurance policy to fill in any missing gaps your homeowners insurance policy doesn’t cover because homeowners insurance does not cover flood damage.
Most Popular Additional Home Coverages in El Lago, TX:
Flood Insurance: Living on the coast typically puts El Lago, TX homeowners at higher risk for flooding. Flood insurance protects your home and personal items from flood damage caused by hurricanes, tropical storms, or even heavy rainfall. Because flooding in El Lago, TX can be common, having a flood insurance policy is imperative and highly recommended!
Windstorm and Hail Coverage: One of the most common home insurance claims in Texas comes from damage due to a windstorm or hail. Since El Lago, TX is on the Texas coastline, your homeowners insurance policy might not protect you from wind and hail damage or you’ve been forced to purchase a separate policy. At TGS Insurance, we want to make things simple for you, which is why we automatically add in a 2% wind/hail deductible into every homeowners insurance policy we write!
Water Backup: In Texas, about 1 in 50 insured homes files a claim for water damage each year. Water backup coverage is one of the most valuable add-on coverages El Lago, TX homeowners can purchase and it will protect your home and personal items from sewage and sump pump backups. The average cost for water backup coverage in Texas ranges from $50-$250 per year with coverage starting at $5,000.
Our Local, Independent Insurance Agents Are Ready to Help You With Your El Lago Homeowners Insurance:
Our team of agents will shop your policy across 35+ A-rated insurance providers to find you a policy tailored to your needs and budget. We work for YOU, not the insurance companies! We are here to help you with all of your insurance needs from start to finish and aim to save you money without compromising on coverage.
