Shop Richardson Texas Home Insurance Quotes and Rates

How Much Does Richardson, TX Homeowners Insurance Costs?

Usually, homeowner’s insurance in Richardson is around $1,640 annually with Freedom Insurance Group clients. This includes a windstorm/hail deductible of 1% and is based on policies with a standard home value of of $374,106. We have been able to save our Texas clients an approximate of $869 annually on their home insurance premiums when they change to us. If you bundle your auto insurance with your home insurance quotes the savings is even more significant.

POPULAR HOME COVERAGE LIMITS IN RICHARDSON TEXAS

Coverage Level

Average Annual Rate

$200,000 Property

$1,259

$250,000 Property

$1,334

$400,000 Property

$1,712

$500,000 Property

$1,823

$600,000 Property

$1,987

$750,000 Property

$2,190

*Information retrieved from the Texas Department of Insurance from Help Insure and averaged with internal data.

How Much Does Richardson, TX Auto Insurance Cost?

The standard price of an auto insurance policy for drivers in Richardson is around $2,102 annually. Freedom Insurance Group clients in Richardson pay $1252 yearly for a standard savings of $850 annually! Drivers can augment their savings by packaging their home insurance policy with an auto insurance policy. Reach us today to bundle your home and Auto

Richardson, TX Auto and Homeowners Insurance Bundling Discounts Average rates

Place

1 Car Bundle Savings On Insurance

2 Car Bundle Savings On Insurance

3 Car Bundle Savings On Insurance

Richardson, Texas

$134

$212

$323


Most companies consider these things when deciding on your premium:

  • Your home’s age and condition. Companies can’t turn you down just because of your home’s age or value, but they can charge you more.
  • Your home’s replacement cost. Houses with higher replacement costs have higher premiums.
  • Construction materials. Premiums are higher for houses built completely of wood. They’re lower for houses built of brick or stone.
  • Where you live. Premiums are higher in areas that have more storms or crime.
  • Availability of local fire protection. Premiums are lower for houses that are close to fire stations.
  • Your claims history. Your premiums might be higher if you’ve had claims in the past.
  • Your insurance score. Some companies use your credit score to decide what to charge you. Your premiums will be lower if you have good credit.

Home Insurance Discounts Available in Richardson, TX

Home Discount Name

Home Discount Description

Discount Amount

New Home

New Construction Recently Purchased

up to 40%

Age of home

5 Years Old

up to 26%

Bundle

Home And Auto

up to 25%

Upgrades

Electrical, plumbing, heating, roof full updates

up to 20%

Age of home

10 Years Old

up to 13%

Construction type

Fire Resistive

up to 11%

Advance Purchase

7 Days Advance Purchase

up to 8%

Loyalty

10+ Years Renewal

up to 8%

Construction type

Masonry

up to 7%

Paid in Full

Paid in Full

up to 7%

Loyalty

5 Years Renewal

up to 6%

Fire Sprinklers

Sprinklers

up to 9%

Claims Free

5 Year Claims Free

up to 5%

Claims Free

10+ Year Claims Free

up to 5%

Hail Resitant Roof

Hail Resistant Roof (class 1,2,3,4)

up to 12%

Loyalty

3 Years Renewal

up to 5%

Fire Alarm

Central Station

up to 2%

Gated Community

With Patrol

up to 2%

Burglar Alarm

Police Department

up to 4%

Burglar Alarm

Central Station

up to 4%

Age of home

15 Years Old

up to 4%

Water Safety System

Water Leak Detection – Shut Off And Alarm

up to 4%

Water Safety System

Water Leak Detection – Shut Off

up to 3%

Gated Community

Without Patrol

up to 2%

Water Safety System

Water Leak Detection – Alarm

up to 3%

Automatic payments

Electronic Fund Transfer

up to 3%

Burglar Alarm

Local

up to 1%

Fire Alarm

Local

up to 1%

Age of home

20 Years Old

up to 2%

Smoke Detector

Smoke Detector

up to 1%

Fire Extinguisher

Fire Extinguisher

up to 1%

Storm Shutter

Storm Shutters

up to 1%

Deadbolt

Deadbolt

up to 1%


What does the standard Home Insurance Policy in Richardson, TX Include?

Homeowners insurance offers coverages with the goal of protecting your home, personal belongings, and your liability in case your home becomes damaged to a peril/loss including a visitor’s medical fee, fire, robbery /vandalism, etc. Policies vary, but take a look at some of the most usual coverage choices below:

  • Dwelling Coverage (A): this protects your home’s physical structure, for instance, your home’s foundation, roof, and walls. It can even protect structures that are linked to your home such as a deck, detached garage, or patio. Dwelling coverage is an important coverage for homeowner’s insurance.
  • Other Structures Coverage (B): whereas the principal structure of your home is covered by dwelling coverage, structures that are not linked to your home will require other structures coverage to stay protected. This encloses decks, detached garages, sheds/shops, etc.
  • Personal Property Coverage (C): protects against damaged personal possessions that happen from particular perils including fires, theft, or vandalism. Each policy differs and what is or isn’t covered will depend on your insurance company. For more costly objects such as art or jewelry, you may need extended coverage options.
  • Loss of Use/Additional Living Expenses Coverage (D): should a covered peril generate a circumstance in which your home is unlivable, this coverage aids you pay for where you temporarily live while waiting for your home to be rebuilt to a habitable state.
  • Personal Liability Coverage (E): this coverage is to protect homeowners against possible medical expenses that can accumulate should a visiting party become injured on your property and you are found responsible. Personal liability coverage can also cover possible legal fees related with the injury.
  • Medical Expenses Coverage (F): within your homeowner’s insurance policy, it helps to cover the essential medical bills of a guest in your home should they become hurt while visiting your property. Medical expenses coverage can even help balance costs if you are not responsible.

Supplementing Your Homeowners Insurance Policy

There are several perils your home may face that aren’t covered by your standard home insurance policy. Through endorsements, additional coverage options, and changing your homeowners insurance policy, you can gain even more protection. Take a closer look at some of the options you have when searching for additional protection and speak with an agent to find the best options for your needs:

  • Flood Insurance- Floods continue to devastate cities across Texas and the United States and you may be surprised to learn that flood damage is not covered by your homeowners insurance. The Dallas, TX, region has a moderate risk of flooding over the next 30 years according to Flood Factor making it a threat to residents in the area. As many as 1 in 4 flood claims come from homeowners who live outside of high-risk areas. Adding flood insurance helps protect against a common threat to your home by helping you restore flood-related losses.
  • Umbrella Insurance- Liability protection is important for every homeowner but for those with more to lose, it is a critical component. In the event of a lawsuit, your assets could become vulnerable without the right protections in place. Avoid losing what you’ve worked hard for by purchasing umbrella insurance that can cover your valuables after you’ve reached your policy limits.
  • Scheduled Personal Property Coverage- Your homeowners insurance policy will protect your personal belongings, but there are policy limits. If you are looking to protect valuables like jewelry and fine art with values that exceed your coverage, this endorsement can help protect your high value or unique items
  • Extended Replacement Cost- Although not all losses are completely devastating, some are and can exceed the amount of coverage you have for your home. For example, one of the rarest perils a homeowner may face is also the most expensive, a house fire. If you suffer a total loss and require replacing your possessions and rebuilding your home, extended replacement cost coverage can help you cover losses outside of your homeowners insurance’s coverage.

The Secrets to Saving on Home Insurance

If you’re a homeowner, chances are you’re going to want to save money on your home insurance policy. A home is your shelter and your investment. Putting a significant amount of money into your home is a great financial move, but you’ll also need to protect your interest. Home insurance policies differ from homeowner to homeowner. This is due to several reasons including your coverage needs, personal factors which affect your premium, and characteristics of your home, just to name a few. But saving on a home insurance policy is the shared dream of all homeowners. Your dream can be a reality through these easy to follow tips:

  • Compare your rates among a variety of insurance brands. Each insurance brand will assess your risk differently which leads to differing insurance premiums. By shopping around you can find the right company for your needs.
  • Bundling: your home insurance policy with your auto insurance
  • Increase your deductible for a lower home insurance premium.
  • Install improvements to your home that increase its ability to sustain natural disasters, prevent crime, or keep your household safe. (Examples: Hurricane grade storm shutters, security systems, a fire alarm system with sprinklers, etc.)
  • Loyalty discounts: Customers who stay with the same insurance company for a long time are rewarded with discounts.
  • Near a fire hydrant/fire station: The closer you are to a fire hydrant and also the fire station, the faster fires can be put out, earning you a discount.
  • New home: New homes typically are built with stronger safety innovations, making claims less costly.
  • High-quality roof: Hail and wind damage are among the top reasons homeowners file a claim. A sturdy roof can lower your premiums. (Of course, it lowers your heating bill and looks nice, too. Sweet!)
  • Tidy yard: When insurance reps visit your property, they like to see it looking spiffy. Neatly trimmed grass, shrubs, and trees lower fire risk and show the insurance company that you care about your property. Discount!
  • Avoid recreational hazards: A home without a pool or trampoline is at much less of a risk of a claim, earning you a discount on your coverage.

We Insure auto & home insurance in the following Richardson Texas zip codes

75080

75081

75082

75083

75085

Freedom Insurance Group is Richardson’s Finest Home Insurance Provider

Richardson is a city in Dallas and Collin counties, Texas. The population as of 2021 is 121,325. Richardson is considered a suburb of Dallas. Its home to the University of Texas at Dallas and the Telecom Corridor, with a big volume of telecommunications businesses. Richardson was commissioned in 1873, and the town was named after the secretary of the Houston & Texas Central Railroad, Alfred S. Richardson. Presently, Richardson is home based to numerous commons and those live within the area will find an ideal balance of fun activities with rapid access to city life all about them. At Freedom Insurance Group we are honored to serve customers in Richardson as the main insurance provider in the area.

Resident Resources in Richardson

Police Department in Richardson

Fire Department in Richardson

140 N Greenville Ave Richardson, TX 75085

972-744-4800

136 N Greenville Ave Richardson, TX 75081

972-238-3800

City Hall

Animal Services

411 W. Arapaho Rd

Richardson, TX 75080

972-744-4100

1330 Columbia Dr.

Richardson, TX 75081

972-744-4480

richardson texas home insurance quote

Main Neighborhoods in Richardson, TX

Beck Branch Trail

Reservation

Galatyn Station

Berkner Park

Richland

Gateway

Breckinridge Blvd

Saddlebrook

Glenville Park

Breckinridge Point

Sallie Circle

Greenwood Hills

Brick Row

Sharp Estates

Heather Ridge Estates

Bridgewater Crossing

Sharp’s Farm

Highland Terrace

Canterbury Courts

Sherrill Park

Hills of Breckinridge

Carrington Estates

Spring Pointe

Ingram Terrace

Centennial

St Paul

Interurban

Clear Springs Place

The Bristol at Buckingham

Knolls

College Park

The Reserve at Sharp Lane

Mackenzie Meadows

Cottonwood Creek

Town North Park

Mark Twain

Creek Hollow Estates

University Estates North

Marlborough Square

Crowley Park

University Village

Morningstar Meadow

Crystal Court

Villas of Buckingham

Moroney Farms

Duck Creek

Waterford Villas Townhomes

Northrich

Enclave of Breckinridge

Woodhaven Towne House

Owens Park

Estates of Breckinridge Creek

Woods of Spring Creek

Pradera

Estates of Richardson

Wyndsor Estates-BPE-CWP

Renner and Jupiter

Yale


Freedom Insurance Group is Proud to Serve Richardson, Texas

Knowing you’re protected with the right coverages can bring you peace of mind. Finding the right coverages for the lowest price will deliver the protection you deserve while keeping money in your pocket. Freedom Insurance Group understands and helps find homeowners throughout Richardson, Texas, the right coverage options for their needs at the lowest cost possible.

We get to know our clients to better understand their needs. Each homeowner’s needs are different and by creating a custom approach to your insurance needs we can prevent gaps in your coverage while saving you the most amount of money.

Our agents work for you by comparing your coverage needs among more than 25 top-rated insurance companies with strong financial ratings and a range of coverage options. By comparing your coverage among multiple brands, we can build a custom coverage option for you and your home that doesn’t break the bank. Contact us today or get a free home insurance quote with only a few clicks of a button.

Freedom Insurance specializes in the following Texas Insurance Services:

Contact Us

Freedom Insurance Group
3861 Long Prairie Rd Ste 110
Flower Mound, TX 75028
Phone: (972) 798-3769

BUSINESS HOURS

M-F: 8:30 am - 6:00 pm
SAT: 10:00 am- 2:00 pm
SUN: closed

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