Average Homeowner Insurance Rates for Richmond, Texas

Average Annual Insurance Rate
$3067


The Cheapest Homeowner Insurance Rates for Richmond, Texas

Provider Annual Insurance Rate
Lighthouse Property Insurance $1302
National Specialty Insurance $1526
Kemper Insurance $1615
Allstate $1929
Travelers Insurance $1975
USAA $2032
American Mercury $2056
Homesite Insurance $2114
Tower Hill INsurance $2295
Texas Fair Plan $2328



The Most Popular Home Insurance Providers in Richmond, Texas

Provider Annual Insurance Rate
Liberty Insurance $7376
Nationwide $3123
State Farm $4425
Texas Farmers Insurance $3581



Does credit score affect Richmond home insurance rates?

Credit Score Average Annual Insurance Rate
bad $3911
average $3067
good $2641
Yes! Your credit rating can impact the price you pay for Richmond homeowners Insurance up to $1270 per year. Our analysis shows Richmond home insurance shoppers with poor credit will pay up to 48% higher rates than shoppers with good credit. Poor credit shoppers will pay rates that are 32% higher than people with average credit and average credit rate shoppers will pay 16% higher rates than shoppers with good credit.

Does Building Construction affect Richmond home insurance rates?

Construction Type Average Annual Insurance Rate
frame $3173
Stucco/Hardie $2930
Brick Veneer $2805
Your home construction style may also impact the price you pay for Richmond homeowners Insurance up to $368 per year. Richmond home insurance shoppers with frame style construction pay up to 13% higher rates than homes made with brick while homeowners with homes constructed with Stucco or Hardieboard will pay 4% higher rates than homes made with Brick Veneer.


Is homeowners insurance higher for older homes in Richmond?

Residence Age Average Annual Insurance Rate
1 Year(s) Old $2012
10 Year(s) Old $2805
35 Year(s) Old $3157
Your home age impacts the price you pay for Richmond homeowners Insurance up to $1145 per year. Richmond home insurance shoppers with older homes pay 57% higher rates than new homes while homeowners with homes less than 30 years old will pay 39% higher rates than new construction homes.