Get Midland Home Insurance Tailored to Your Needs
The Cost of Midland, TX Home Insurance
Homeowners insurance is tailored to you and your home’s specifications so it will likely be different from anyone else’s. Keeping that in mind, take a look at average annual home insurance premiums:
At TGS Insurance, our customers in Midland, TX pay $1,457 per year for homeowners insurance. This means we’re saving our customers $1,055 compared to the city average!
While your home insurance rates typically differ from the averages because each home is unique, taking a look at these benchmarks, we can gain a greater understanding of what others in your area are paying. Every carrier looks at specific criteria when determining the cost of your insurance. While some elements are outside of your control, there are many factors that you can. Here are some of the common rating factors used by various carriers:
- Weather (is your area prone to severe weather such as tornadoes, hail, or flooding?)
- The crime rate in your area
- How frequently you make claims
- The coverages you select
- Your credit score (the worst your score, the higher your rate)
- Your home’s age, construction type, and square footage
- Discounts that are available to your home
A TGS Insurance agent can help narrow down your home coverage search by running quotes with 35+ A-rated carriers at once (in 15 seconds!). This will ensure you’re getting the best price for the individualized coverage you need without all the hassle.
Protecting Your Home in a Natural Disaster and Extreme Weather
Unfortunately, weather-related claims and natural disasters are a part of life. If a catastrophic event occurs, your home policy needs to have sufficient coverage to help restore and rebuild in the aftermath. The right insurance could mean the difference between whether or not your claim is even paid at all. Some of Midland, TX’s natural disasters are unavoidable, but having the right home insurance to cover the unavoidable is simple with the help of an insurance agent from TGS Insurance.
Natural Disasters and Extreme Weather in Midland, TX:
- Number of extreme weather events (1950-2010)2: 2,356
- Most common event (1950-2010)2: Hail (1,307)
- Number of tornadoes stronger than or equal to F2 (1950-2010)2: 20
Common Home Insurance Questions from Our Customers In Midland, TX
Are appliances covered under homeowners insurance?
Your appliances are covered by your homeowners insurance policy because they are considered personal property. If you are facing a covered peril such as accidental overflow from steam or water or a fire, your appliance should be covered. With that said, it is important to understand that regular wear and tear will not be covered and to stay protected you may need a home warranty for these events.
How much will a security system lower my homeowners insurance?
Adding a security system can lower your homeowners insurance cost from 5%-20%. Different risk factors mean different things to insurance companies and these companies craft your homeowners insurance premiums based on the different risk factors they assess to be a threat to your home. Speak to your insurance agent to better understand how much you can save by installing a security system in your home.
Do you need home insurance if your house is paid off?
Yes, all homes are advised to have an active home insurance policy even if it is paid off. Your home and personal possessions can still be exposed to events such as theft or burglaries and without a home insurance policy, you will be left to pay for the aftermath alone.
Working with TGS Insurance Agency Means Service and Support You Can Count On!
TGS Insurance takes pride in our commitment to excellent customer service and finding the right insurance solution for our clients’ needs. We provide more value than just the best coverage for the lowest rate on the market, TGS Insurance works diligently to add value to your enrollment including regular policy reviews to make sure that you continue to receive the best rate on the market year after year.
Zip Codes in Midland, TX That We Insure:
Don’t see your zip code listed? Don’t worry, as long as it’s in Texas, we’ve got you covered!