Why Texas Coastal Homeowners Pay More for Insurance and How to Save on Costs

Many homeowners on the Texas coast face high insurance costs. Let’s examine why homeowners insurance is more expensive in this area and what you can do to help lower your bill.

Why Are Insurance Costs Higher on the Texas Coast?

Several reasons drive up homeowners insurance rates for people living along the Texas coast:

• Hurricane and storm risk— The Gulf Coast often experiences hurricanes and tropical storms, which can cause severe wind and water damage. Insurance companies consider this a higher risk when setting prices.
• Flood exposure—Many homes near the coast are in areas likely to flood. Standard home insurance usually does not cover flood damage, so you may need to buy a separate flood policy, which adds to your total costs.
• High rebuilding costs—After major storms, building materials and labor demand increases, and local building codes may require stronger construction. These factors can make repairs and rebuilding more expensive.
• Claims history—Areas that have seen a lot of claims, especially from wind and water damage, often have higher premiums as insurers adjust for ongoing risk.

Tips to Save on Homeowners Insurance

You can take steps to help reduce your insurance costs:

• Get quotes from multiple insurers to compare coverage and prices.
• Bundle your home and auto insurance by getting them from the same company.
• Upgrade your roof, add storm shutters and reinforce doors and windows to make your home sturdier.
• Choose a higher deductible to lower your premium, but make sure you can pay the out-of-pocket amount if you need to file a claim.
• Ask about insurer discounts for installing security systems, a history without claims, or customer loyalty.

Get Covered Today

If you want to review your options or have questions about your current policy, Better Way Insurance Agency can help. Contact us today.

This blog is for informational and educational purposes only. It is not exhaustive and should not be considered legal advice. Please contact your insurance professional for more information.