Comparison Shop Your Murphy Home Insurance Policy from 35+ A-rated Carriers in Seconds!
As an independent, family-owned agency, TGS Insurance delivers a different take on home insurance. We’re carrier-agnostic, which means work for YOU, not any specific insurance company. Using only your address, TGS Insurance can shop across 35+ A-rated (or better) home insurance carriers to instantly provide a quote from one of the many carriers we’re partnered with. We find the right coverage with a policy that protects and fits your budget best. No gimmicks, no BS, just the best home insurance for your home at the best rate on the market!
How Much is Home Insurance in Murphy, Texas?
The average cost of home insurance in Murphy is $1,282 among TGS Insurance customers. This average is based on policies with an average home value of $337,883 and includes windstorm and hail coverage written with a 2% deductible. Home insurance policies are as unique as each home and its owner and that is why we work with our customers to find the right policy to fit their specific needs at the best price. To see how much you could be saving with TGS Insurance, enter your address above for a free instant quote.
Comparing Homeowners Insurance Quotes in Murphy by Home Value
Several factors go into a carrier’s calculations for your Murphy home insurance quote. One of the biggest factors is the level of dwelling coverage that you select. Dwelling coverage is based on the value of your home’s structure if you were to rebuild it to its current condition today. For instance, in Murphy, carrying $350,000 dwelling coverage costs an average of $1,184 per year, while increasing that coverage level to $550,000 will costs you an average of $1,865 per year.
| Home Value | Average Annual Premium (incl. Wind Coverage) |
|---|---|
| $150,000 | $859 |
| $200,000 | $947 |
| $250,000 | $1,023 |
| $300,000 | $1,184 |
| $350,000 | $1,327 |
| $400,000 | $1,457 |
| $450,000 | $1,578 |
| $500,000 | $1,677 |
| $550,000 | $1,865 |
| $600,000 | $1,962 |
| $650,000 | $2,150 |
How is Home Insurance in Murphy, Texas Calculated?
Your home insurance premium is based on how much risk an insurance company will undertake while insuring your home. If your home poses more risks, you’ll be stuck with a higher premium. Here’s a closer look at some of the main factors insurance carriers will consider while insuring your home:
Property-Specific Factors:
- Your home’s size
- When your home was built (Homes with higher age will result in higher premiums)
- Construction type (The building materials used)
- Your roof’s age and condition
- Property add-ons (Ex: swimming pools, trampolines, etc.)
Location-Specific Factors:
- Weather-related risks (The frequency of natural disasters near your home such as hurricanes)
- The crime rate around your home (More crime = higher rates)
- The proximity of your home to fire stations and/or hydrants
Because of the many factors that go into crafting your coverage and the many different ways each brand weighs these risks, your home insurance rate will differ. Some additional factors that will affect how much your home insurance premium includes the amount of coverage you enroll in, your credit score (higher scores equate to lower premiums), the breed of your dog, your claims history, and many more. Because of these different factors, homeowners must shop their home insurance policy or they risk missing out on opportunities to save and find the best coverage available from another carrier!
What Does My Home Insurance Policy in Murphy, Texas Cover?
A basic homeowners insurance policy will cover:
- Your home’s physical structure
- Personal property such as appliances, clothing, electronics, jewelry, etc.
- Replacement costs
- Loss-of-use coverage should your home become unlivable
- Legal and medical protection (Liability coverage)
Home insurance policies protect you from many perils, but policy limits do exist, and depending on your coverage needs, supplemental and add-on policies may be right for your protection. These options are available for homeowners and can be added to your home insurance policy to protect by filling any gaps. Learn more about some of the most popular policy add-ons protecting homeowners in Murphy, Texas:
- Scheduled personal property
- Valuable Articles/Floater policies
- Umbrella insurance (additional liability coverage)
- Animal liability
- Flood insurance (Flood damage requires a separate policy)
- Coverage that protects against water backup damages (Ex. sewer backup)
Benefits of Working with TGS Insurance Agency
Your homeowners insurance is there to protect you, your home, and your possessions. When you trust the experts at TGS Insurance to protect what matters most to you, you’ll gain a team of experts crafting the coverage you need for a low rate because we believe great insurance shouldn’t have to break the bank.
TGS Insurance will shop your home insurance rate among our 35+ A-rated carriers (Travelers, Encompass, Kemper, etc.) to make sure you’re receiving the best coverage for your home at the lowest rate on the market. Our agents handle the entire process from start to finish so you can sit back and relax. From the enrollment process, to setting up your payment, to canceling your existing home insurance policies…we’ll even work with your mortgage company. TGS Insurance is your one-stop-shop for all things insurance- we’ll do it all!
Home insurance isn’t a “buy once and done” transaction. Homeowners who are facing rate increases at renewal will be elated to know that TGS Insurance continues to work for you by re-evaluating your policy coverage and your rate yearly while re-shopping your coverage all over again. Protecting your home with the right coverage, and staying insured for less, has never been easier than with TGS Insurance.
Don’t take our word for it. Discover what other Texans are saying about TGS Insurance! We’re rated 4.8 out of 5 stars on TrustPilot and 4.5 out of 5 on Google.
Zip Codes in Murphy, Texas That We Insure:
- 75094
Don’t see your zip listed? As long as it’s in Texas, TGS Insurance has you covered with great home insurance!
