Home Insurance San Antonio TX

San Antonio Texas House
Home Insurance - San Antonio, TX

Homeowners in San Antonio know finding the best home insurance isn't always easy. Your home is often your most valuable asset, so it pays to make sure your home insurance adequately covers you. That's why we built this helpful guide for those looking to review or buy home insurance:

  1. Average cost of home insurance in San Antonio, TX
  2. Common home insurance claims in San Antonio, TX
  3. Coverage details of your home insurance policy
  4. Insurance carriers offering coverage in San Antonio, TX
  5. Calculator for home insurance quotes in San Antonio, TX


1. Average cost of home insurance in San Antonio, TX

The best strategy for finding cheap home insurance in San Antonio is making sure you get all the home insurance discounts you deserve.

We search for all discounts for our customers for free. Most customers that use Young Alfred in San Antonio pay between $986 and $1,896 per year for their home insurance coverage.
San Antonio TX homeowners pay between $986 and $1896 for home insurance
The average home insurance in San Antonio is $1,449.46. This annual rate will change as the cost to rebuild your home increases. As your home goes up in value, you need more insurance coverage, which also costs more. You should be happy to get coverage below $986/year in San Antonio and expect to pay an extra $151/year for every $100,000 increase in your home's value.

Home Insurance Rates in San Antonio, TX vs Home Rebuild Cost
home insurance rates in San Antonio TX
Home insurance rates data generated from the following zip codes: 78201    78207    78208    78209    78213    78214    78215    78216    78217    78221    78222    78223    78224    78225    78229    78230    78231    78202    78203    78204    78205    78206    78210    78211    78212    78218    78219    78220    78226    78227    78228    78232    78235    78237    78233    78234    78238    78239    78240    78243    78244    78245    78246    78247    78251    78252    78253    78254    78259    78260    78261    78263    78268    78269    78270    78285    78287    78288    78241    78242    78248    78249    78250    78255    78256    78257    78258    78264    78265    78266    78278    78279    78280    78283    78284    78289    78291    78292    78293    78294    78295    78296    78297    78298    78299

2. Common home insurance claims in San Antonio, TX

San Antonio has a high risk of tornado damage. Here is an example risk report for a San Antonio home address.

San Antonio, TX Home Risk Report
home risk report for San Antonio TX home
Source: Home Risk Report

When a type of claim is more common in a particular region, you will find more insurance carriers begin to carve away that coverage. Texas is known for many wind claims, and so carriers in the area offer high wind deductibles by default. Reducing coverage gets back to the primary driver of consumer purchase behavior: Price. If you do choose the cheaper policy, make sure you aren't sacrificing valuable coverage just to save a few bucks.


3. Coverage details of your home insurance policy

Each homeowner should understand the six major coverage categories.

  1. Coverage A: Dwelling - covers your primary building structure.
  2. Coverage B: Other Structures - covers any structures on your property not attached to your primary home's structure.
  3. Coverage C: Personal Property - covers your personal belongings with special sub-limits for specific categories.
  4. Coverage D: Loss of Use - if you can't live in your home after a covered loss, this helps cover your cost of living somewhere else until repairs are completed
  5. Coverage E: Personal Liability - if someone sues you for something that happened on your property, this will kick in to defend the lawsuit and payout on damages charged in the case.
  6. Coverage F: Medical Liability - if a guest injures themselves on your property, this can cover the guest's medical expenses from that injury.

More importantly, homeowners in San Antonio, TX, should know the five specific coverage details of their home insurance policy:

  1. Water Damage
    Water damage represents a third of all homeowners claims. Insurance companies break up water damage into many different categories, only some of which are covered by your standard insurance policy.

    Flooding - not covered in your standard homeowners policy, but can be purchased as a separate policy from NFIP or Private Flood Companies.

    Water Damage from a Burst Pipe - usually covered in your standard homeowners policy. You are not covered if they are leaking slowly over time. 

    Water Backup Coverage - not covered in your default home insurance policy, but can be purchased as an additional add-on. 

    Storm-Related Water Damage - covered by your standard homeowners policy if the water enters from above the ground level.

    Water Seepage/Groundwater - not covered in your standard homeowners policy, can sometimes be purchased as an add-on coverage.
     
  2. Foundation Coverage
    Texas homeowners insurance policies typically exclude foundation coverage. This is because the geological makeup of Texas is mostly clay, which is prone to shifting. You can usually buy a water & foundation endorsement that covers 15% of your Coverage A or up to a $25,000 limit. I highly recommend this to protect against those costly slab leaks
     
  3. Wind/Hail Deductible 
    There are two types of deductibles quoted on home insurance policies: 

    Percent-Based Deductible (2%, 3%, 5%, 10%) 
    Percentage-based deductible means that your deductible is a percentage of the coverage A on the policy.

    Example:  
    $300,000 of dwelling coverage 
    2% deductible
    You pay for the first $6,000 ($300,000 * 2%) of damages to your home before the insurance company steps in. In Texas, these % deductibles are attached to special perils, like a Hurricane Deductible or Wind/Hail Deductible.


    Dollar-Based Deductible ($500, $1,000, $2,500, $5,000, $10,000) 
    You pay a set $ amount anytime you file a claim, and the insurance company pays that claim. The most common deductible is $1,000. 

    Example:  
    $300,000 of dwelling coverage 
    $1,000 deductible
    You pay for the first $1,000 of damages to your home before the insurance company covers repairs.

     
  4. Roof Coverage: Replacement Cost or Actual Cash Value
    An asphalt shingle roof should be replaced once every 20 years. If you have an older roof, your home insurance policy may only cover the roof at Actual Cash Value (ACV). This means you aren't getting a full reimbursement on your roof in a claims scenario.

    Example: Your roof is 19 years old, and you have a hail storm that damages the roof beyond the point of repair - you now need a new roof. The insurance company is not going to cut you a check for a brand new roof if it is covered at ACV, because you were going to have to replace the roof in the next 5 years even without the storm. They will give you a check that represents the remaining useful life of your roof. If the roof is 19 years old, has a 25-year useful life, costs $15,000 to replace, and you have a $1,000 deductible, you are only going to get a check for (25-19)/25*15,000 - $1,000 = $2,600. If your roof is covered at Replacement Cost, you are getting a check for $15,000 - $1,000 = $14,000. In this common example, the Replacement Cost Coverage on your roof was worth an extra $11,400. 
     
  5. Animal Liability
    In addition to an unusually high number of tigers in Texas, there are also plenty of dangerous dogs. We know, bad dogs are usually not a function of the breed, but a lousy owner. However, insurance carriers do not have a way to change pricing based on the quality of the dog owner yet, so they use dog breed as a rating factor in their pricing models. As the average dog bite claim is ~$35,000, you may want to check if animal liability coverage is being excluded on your policy if you own a dog.

4. Insurance carriers offering coverage in San Antonio, TX

Many carriers are competing for your business in San Antonio, TX. Home insurance carriers rate on many different risk factors, so it is best to check multiple carriers to see which carrier is the best match for you. Regardless of what carrier you choose, you should at least consider the following:

  • Financial Stability Rating - AM Best or Demotech
  • Experience in the local market - how long have they been insuring San Antonio homes?
  • Online Reviews on claims and customer service experience

Top home insurance carriers in San Antonio, TX:

Insurance Company Financial Stability Experience Online Reviews
Progressive AM Best A+ Experienced 4 stars
Hippo AM Best A- New 5 stars
State Auto AM Best A- Experienced 4 stars
Travelers AM Best A+ Experienced 5 stars
Safeco (Liberty Mutual) AM Best A Experienced 4 stars
Encompass (Allstate) AM Best A+ Experienced 5 stars
Foremost (Farmers) AM Best A Experienced 3 stars
Mercury AM Best A Experienced 4 stars
USAA AM Best A++ Experienced 5 stars
State Farm AM Best A++ Experienced 4 stars
Stillwater AM Best A- Experienced 5 stars
Velocity AM Best A New 4 stars
Towerhill AM Best A- Experienced 5 stars
Lighthouse AM Best A- New 3 stars

5. Calculator for home insurance quotes in San Antonio, TX

A home insurance calculator requires many inputs as insurance carriers rate on hundreds of factors. Most of these rating factors usually fall into three main rating categories:

  1. Property features (location, age, heating, etc.)
  2. You and your family (credit history, claims history, pets, etc.)
  3. Coverage limits and endorsements (deductibles, water backup, replacement cost, etc.)

To get accurate quotes: fill out my custom online home insurance application. Young Alfred does not call or sell your information. We have built an advanced quoting engine that generates the top home insurance quotes in your area, customized for you:

Get Home Insurance Quotes in San Antonio TX

Hope that helps!

At your service,
Young Alfred