We Shop 35+ Carriers to Find You The Best Deal on Your Kingwood Home Insurance Every Time
Comparison Shop Home Insurance in Kingwood, TX from Multiple Carriers in Minutes!
Did you know over 56% of homeowners don’t shop for their insurance policy when it’s time for their renewal? If you fall into this category, you might be missing out on major savings! With TGS Insurance, we shop and compare insurance policies for you across 35+ highly-rated insurance companies to find you a policy that fits your needs, and most importantly your budget. Shopping for insurance has never been easier!
How Much Does Kingwood Homeowners Insurance Cost?
The average cost for homeowners insurance in Kingwood, TX is about $1,179 every year. With TGS Insurance, our average Texas customers save about $870 annually on homeowners insurance. While every home insurance policy is unique based on your needs and your home’s specifications, we are confident we can help save you money and the hassle of doing the comparison shopping yourself. Enter your address above for a free, instant quote!
Calculating Premiums for Home Insurance in Kingwood, TX
Homeowners insurance premiums are determined on a variety of factors, but it all comes down to how much risk each insurance provider will take on when insuring your home. Here are some major, moderate, and minor factors that insurers look at when calculating your premium.
Major Factors
Replacement Cost Value- This is the amount your insurer would have to pay to replace your home to its current value. Knowing this will help the insurer know how much financial protection you’ll need.
Claims History- Carriers will look at your claims history to see how many claims you’ve made in the past. If you’ve made a bunch, then expect a higher premium than those who have made few or none at all.
Credit Score- Insurers will usually look at your credit score to determine your rate. If your credit score is high, you’ll see a lower premium whereas if it’s on the lower end, you will see a higher premium.
Moderate Factors
Deductible- Depending on how much you want as a deductible, your rate can either increase or decrease. If you increase your deductible, then your premium will drop and vice versa. For example, if your deductible is $1,000 and you raise it to $2,000 you could lower your rate by as much as 11%.
Building Materials of Your Home- The materials used to build your home will moderately affect your premium. For example, a home made of wood is likely to have a higher rate than one built of brick. The reason for this is insurers are looking at the stability of your home from a fire or named peril, such as a hurricane.
The Location of Your Home- Houses located in areas that experience high crime rates or are prone to natural disasters (ex: hurricanes) typically have higher premiums because they are more likely to file a claim.
How Old Your Home Is- Houses that are older than 25 years tend to have higher premiums than new houses. This is because older homes have older plumbing, heating systems, pipes, etc.
Mild Factors
Smokers- Homeowners who smoke have more of a chance of starting a fire and sometimes have higher premiums than homeowners who don’t smoke.
Security Devices- Kingwood, TX homeowners can earn discounts for installing security devices like deadbolt locks, motion-sensor lights, surveillance cameras, alarm systems, and even having a fire extinguisher in your home.
Most Popular Additional Home Coverages in Kingwood, TX:
Windstorm and Hail Coverage: Hail and windstorm damage are the two most common insurance claims made in Texas. And without the right protection in your homeowners insurance policy, you could be left with the bill from one of these expensive claims. At TGS Insurance, we want you protected for any event which is why we automatically write-in a 2% wind/hail deductible into every Kingwood, TX homeowners insurance policy we write. .
Water Backup: A water backup policy add-on is a great addition to any homeowners insurance policy for full protection against water damage as a result of a broken sump pump, sewage, or drainage backup. The average cost for this add-on can be anywhere from $50-$250 per year with coverage starting at $5,000.
Flood Insurance: It’s a common misconception that flood damage is covered by your homeowners when it’s not. If you want coverage against floods, you’ll need to purchase a flood insurance policy. This will ensure your home and personal belongings are protected should your home take on water damage due to a hurricane, tropical storm, or even heavy rainfall.
How Much is Flood Insurance in Kingwood?
The average cost for flood insurance in Kingwood, TX is about $652 each year. At TGS Insurance our average Kingwood, TX customers pay about $441, which means they are saving $211 every year on flood insurance.
Even though Kingwood, TX is located north of Houston, this area is still considered to be a high-risk flood zone. Kingwood, TX homeowners experienced a great deal of flooding during Hurricane Harvey, which caused more than 16,000 homeowners to lose their homes due to the rising waters from the San Jacinto River and Lake Houston. Homeowners in the area have also experienced flooding as a result of other catastrophic events such as Tropical Storm Imelda. It’s important to keep in mind that 1 in 4 flood claims come from homes living outside a flood zone, so even if you think your home is safe from a flood, anything could happen.
Zip Codes in Kingwood, TX We Serve:
- 77325
- 77339
- 77345
- 77346
Don’t see your zip code listed? Don’t worry, as long as it’s in Texas, we’ve got you covered!
