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We Shop 35+ Carrier to Find You The Best Deal on Your Waco, Texas Home Insurance Every Time!

At TGS Insurance, we don’t believe homeowners in Waco, Texas should have to compromise on the protection they need for a rate that doesn’t break the bank. As an independent agency, we work for YOU and not any single insurance carrier. This is why we comparison shop every policy we issue through our bank of 35+ A-rated (or better) carriers to find our clients the best insurance policy the market has to offer. No gimmicks or tricks, just great home insurance coverage at a great rate!

What Does Home Insurance in Waco, Texas cover?

Your basic homeowners insurance policy will cover the following:

  • The physical structure of your home
  • Your personal belongings
  • Replacement costs
  • Loss-of-use coverage
  • Liability

Your home insurance policy will cover all of these areas but only to a certain limit. If you’re seeking additional coverage for things like art or jewelry collections, or even more protection against water damages that aren’t covered in your policy, you’ll need to purchase supplemental or add-on policies to close any gaps in coverage. Popular policy add-ons in Waco, Texas include:

  • Scheduled personal property
  • Valuable Articles/Floater policies (Ex. jewelry insurance)
  • Umbrella insurance (Additional liability coverage)
  • Animal liability
  • Flood insurance (Flood damage is NOT covered under home insurance)
  • Water backup coverage (Water damage due to a backed-up sewer line)

Typical Home Value in Waco, Texas and The Impact of Home Value on Home Insurance Costs

As of January 31, 2021, the typical home value, as reported by Zillow.com, for Waco, TX was $154,794. Compared to the previous year, the typical home value in Waco appreciated 12.37%; over a 5-year period, the typical home value has appreciated 40%!

The typical home value for a home in Waco, TX from 2017-2021 as provided by Zillow.com.
Source: Zillow Home Values Index (ZHVI) Housing Data from Zillow.com  

Comparing the Average Cost of Home Insurance in Waco, Texas by Dwelling Coverage

While appreciating home values is wonderful for homeowners, it often means higher insurance premiums. One thing that is important to differentiate between is the overall value of the property which includes the land and the cost to replace the house, which is what is important for insurance purposes. The key between being over-insured, over-paying, and having the right coverage is staying informed and shopping your policy. If you are at all feeling overwhelmed or just want someone else to do the heavy-lifting, our agents are always ready to jump in.

So what does this all look like?

Let’s take a look at the average premium for a home in Waco, TX that has an estimated replacement cost of $150,00. For purposes of this example, we are assuming 0 claims in the past 5 years, a house that is 10-34 years old, and that the person seeking insurance owns the home (versus rents it) and has average credit.

Source: The overall average premium is $1,875. The table below looks at the average premiums when we sort the carriers by AM Best Ratings.

AM Best ratingEstimated Cost / Year with Wind
A-$1,487
A+$1,718
A++$1,948

These averages are from quotes provided by HelpInsure.com of Texas Department of Insurance and are grouped by carrier averages by AM Best Ratings.

Now, if you increase the estimated house replacement cost to $200,000 but leave all other factors the same, your overall average premium increases by $373 to $2,248. Again, the table below looks at the average premiums when we sort the carriers by AM Best Ratings.

AM Best ratingEstimated Cost / Year with Wind
A-$1,755
A+$2,007
A++$2,492

Source: These averages are from quotes provided by HelpInsure.com of Texas Department of Insurance and are grouped by carrier averages by AM Best Ratings.

Keep in mind that this example looks at just one factor’s role in the price of your home insurance premium- there are several other factors at play.

How Much is Homeowners Insurance in Waco, Texas?

The average home insurance policy premium varies from home to home, homeowner to homeowner. But, the average homeowner in Waco, Texas pays about $1,875 for home insurance. At TGS Insurance, our average customer in Waco, Texas pays $1,165 per year, for an average savings of $710 per year!

Factors That Influence the Cost of Homeowners Insurance in Waco, Texas

Each insurance carrier will look at specific criteria when determining your insurance premium. While many factors may be out of your control, there are some that you have the ability to influence. Some notable carrier rating factors include, but are certainly not limited to:

  • Weather (including extreme weather events such as tornadoes, hail, or hurricanes)
  • The crime rates in your area
  • Your claims history
  • The coverages you select- this includes the deductible amounts
  • Your credit score (the higher your score, the lower your premium)
  • The year, construction type, and size of your home
  • The age and condition of your roof
  • The availability of discounts that you may qualify for such as bundling, discounts for home security, etc.

An independent agent with TGS Insurance can help narrow down your home coverage search by running quotes with 35+ top-rated carriers at once. This allows our agents to find you the best price for your insurance without cutting your coverage and eliminating all the hassle.

Zip Codes in Waco, Texas That We Insure:

766337670476711
766437670576712
766577670676714
767017670776797
767027670876798
767037671076799

Don’t see your zip code listed? Don’t worry, as long as it’s in Texas, we’ve got you covered!

Home Insurance Carriers in Waco, TX

Allstate Logo
Progressive Logo
Safeco Logo
Travelers Logo
AIG Logo
Metlife Logo
Allied Trust Logo
Maison Logo
Lighthouse Logo
Anchor Logo
 State Auto Logo
ASI Logo
The Hartford Logo
Foremost Logo
Empower Logo
TWIA Logo
National Lloyds's Logo
Liberty Specialty Logo

TGS Insurance is Waco's Premier Home Insurance Provider

Waco neighborhood

Waco, TX is nestled in the heartland of Texas and is home to the iconic Magnolia Market created by HGTV’s Chip and Joanna Gaines. The city is filled with a variety of family-friendly attractions such as Waco Mammoth National Monument, Texas Sports Hall of Fame, Cameron Park Zoo, and Hawaiian Falls Water Park. Waco, TX has something for everyone in the family to enjoy and it's easy to see why so many Texans call Waco home.

Waco neighborhood

TGS Insurance works with highly-rated carriers and only offers the best home insurance policy at a great rate to Waco, TX residents. As an independent agency with thousands of customers, 35+ carriers, and exceptional customer service- we win business from Waco, TX residents every day!

Key Home Statistics in Waco

139,236

Total Population in Waco, TX

$153,457

Average Home Value in Waco, TX

$37,735

Median Household Income in Waco, TX

28

Median Age in Waco, TX

Trust TGS Insurance in Waco

Data as of August 02, 2021

15,000

Total
Customers

$4.27B

Total Assets Covered Projected

13,700

Total Homes Insured

5,200

Total Vehicles Insured

Major Neighborhoods in Waco, TX

Image of Austin Avenue Neighborhood

Austin Avenue

Austin Avenue is centrally located and rich in history. In 2009 it became Waco’s first historic district. The area has great running, walking, and cycling trails.

Image of Brookview Neighborhood

Brookview

Brookview is located in central Waco. S.J. Guthrie Park’s basketball court, baseball field, and open fields make this a great area for families. More than 50% of homes are occupied by homeowners.

Image of Woodway Neighborhood

Woodway

Woodway is a rural community in the southwest portion of Waco, TX. Residents here can kick back, relax, and enjoy quality suburban life with the heart of the city nearby. Poage Park is a popular recreational spot for its many residents.

Image of Kendrick Neighborhood

Kendrick

Kendrick is a lovely community nestled in south Waco, TX. There is a lot to do featuring Topgolf, the Cottonwood Creek Golf Course, the Waco VA Medical Center, and plenty of shops and eateries.

Image of Oakwoods Neighborhood

Oakwoods

Oakwoods is a great community for those who want to be close enough to Baylor University and downtown Waco, Texas, but also need a buffer zone. A quiet, family-friendly community that can be found on the south side of the city.

Image of Brook Oaks Neighborhood

Brook Oaks

Brook Oaks is a highly desirable neighborhood in Waco, TX. It features the Brazo River, Cameron Park Zoo, Dewey Park Recreation Center, and is close to many shops, eateries, and entertainment, including Magnolia Market at the Silos.

Local Home Resources in Waco, TX

Fire Departments
Bellmead City - Fire Department3015 Bellmead Dr
Waco, TX 76705
(254) 799-1661
Bellmead Fire Dept Admin700 Kane St
Waco, TX 76705
(254) 799-9922
Chalk Bluff Vol Fire Dept136 Alex Gill Ln
Waco, TX 76705
(254) 867-0461
Chisolm Trail Fire ApparatusPo Box 87
Waco, TX 76703
(254) 867-8169
Fire House7915 Karl May Dr
Waco, TX 76708
(254) 754-2223
Speegleville Fire Dept139 N Speegleville Rd
Waco, TX 76712
(254) 848-4446
Waco Fire Dept1016 Columbus Ave
Waco, TX 76701

Waco Fire Dept315 N New Rd
Waco, TX 76710

Waco Fire Dept2625 Park Lake Dr
Waco, TX 76708

Waco Fire Dept7600 Imperial Dr
Waco, TX 76712

Waco Fire Dept1523 Herring Ave
Waco, TX 76708

Waco Fire Dept1002 Speight Ave
Waco, TX 76706

Waco Fire Dept3300 Flat Rock Rd
Waco, TX 76708

Waco Fire Dept5401 Speegleville Rd
Waco, TX 76712

Waco Fire Dept4720 Cobbs Dr
Waco, TX 76710

Police Departments
LACY-LAKEVIEW POLICE DEPTPO BOX 154549
WACO, TX 76799
2547992479
Mc Lennan County Sheriff's3201 Marlin Hwy
Waco, TX 76799
2548763859
Sheriff's Dept219 N 6th St # 100
Waco, TX 76799
2547575110
Sheriff's Office901 Washington Ave
Waco, TX 76701
2547575110
Waco Isd Safety/Police Dept805 S 8th St
Waco, TX 76799
2547521119
Waco Isd Safety/police Dept805 S 8th St
Waco, TX 76706
2547521119
Waco Police Dept
WACO, TX 76701
2547507612
Waco Police Drug Enforcement1211 Washington Ave
Waco, TX 76799
2547501750
Waco Police Drug Enforcement1211 Washington Ave
Waco, TX 76701
2547501750
WACO POLICE PATROL DIV721 N 4TH ST
WACO, TX 76799
2547507630
Waco Police Patrol Div721 N 4th St
Waco, TX 76701
2547507630
WACO Police Patrol Divi...721 N 4th St
Waco, TX 76701-1413
254-750-7630
Waco Police Personnel721 N 4th St
Waco, TX 76701
2547507510
Waco Police Records721 N 4th St
Waco, TX 76799
2547507650