Find the Cheapest Insurance Quotes in Your Area
We collected insurance quotes across Waco, Texas, and found that Mercury Insurance has the best rates overall, with an average annual premium of $657. However, for two of the sample properties, other insurers offered lower rates. The price of insurance will vary based on the age and condition of your home, the amount of coverage you need and where it's located, so it's essential you get quotes from several insurance companies.
Cheapest Homeowners Insurance Companies in Waco, TX
Mercury Insurance had the cheapest homeowners insurance rates overall for Waco, Texas, at $657 per year, which is 48% less than the citywide average of $1,268. Mercury also had the best home insurance price for coverage on an older home, with an annual cost of $557 for a property valued at $75,000.
However, Mercury didn't have the lowest rates across the board. We found that different companies offered the best prices for each of our three sample properties, making it difficult to offer a generalized recommendation for the company that offers the most affordable homeowners insurance. This underscores how essential it is for homeowners to check multiple insurance companies, as every insurer weighs factors like your home's age, value and location differently when setting rates.
We collected homeowners insurance quotes for three homes of different values and ages to gain a detailed understanding of how insurance companies in Waco compare for a variety of homes. Our sample homes are all in the 76707 ZIP code in Waco and have stucco siding. In addition, our homeowners have good credit and have not made a homeowners insurance claim in the last five years.
Homeowners Insurance Companies in Waco: By Cost
|6||National General Insurance||$922|
|8||National Specialty Insurance Company||$999|
|14||Mountain Valley Indemnity Company||$1150|
|21||United Property & Casualty Insurance||$1528|
What Home Insurance Do I Need in Waco?
Homeowners insurance is not required by law in Waco, but it's almost always required as a condition of taking out a mortgage. If you are financing your home, you will likely need to purchase coverage.
We recommend that homeowners in Waco purchase enough coverage to pay for repair or replacement of their home and its contents if the house is completely destroyed. You should purchase a policy that covers the full value for the structure, as well as the value of your personal property including furniture, electronics, clothing and appliances. We also encourage that you buy as much liability insurance coverage as you can afford. That's especially true if you have a high net worth or often partake in high-liability activities, such as owning a large dog or frequently having guests over for parties.
Common Natural Disasters in Waco
There are two types of natural disaster that Waco residents should be certain they are prepared for: wind damage and flooding. There is a history of tornadoes striking Waco, and while most homeowners insurance policies cover wind damage, you should understand whether you're protected and what to do if a windstorm is coming.
Waco residents, especially those who live near the Brazos River and Lake Waco, should also be aware of flood risk. While Waco is not at as high a risk of flooding as coastal Texas cities like Houston, flooding is still a significant possibility for many parts of McLennan County. Unfortunately, flood damage is not covered by standard homeowners insurance. We strongly recommend Waco residents who live in low-lying areas—especially if they are in a special flood hazard area—to purchase flood insurance, either from the National Flood Insurance Program (NFIP) or a private insurance company.
Local Home Insurance Agents in Waco
Though some insurance companies only offer homeowners insurance online, you may prefer to purchase coverage directly from a local insurance agent, especially if you have multiple policies or are unsure about the level of coverage you should buy. We've included a list of insurance agents local to the Waco area that can provide in-person advice and service when you are purchasing homeowners insurance.
|Alta Vista/Downtown||Herman Bell Insurance Agency||2118 La Salle Ave., Waco, TX 76706|
|Zucha Insurance||1026 Washington Ave., Waco, TX 76701|
|Insurors of Texas||225 S. 5th St., Waco, TX 76701|
|TWFG Insurance Services Waco/Killeen||2400 W. Waco Dr., Waco, TX 76701|
|Scott Riddle Agency||215 Mary Ave., Waco, TX 76701|
|Bellmead/Lakeview||Farmers Insurance - John Chappell||2507A Behrens Circle, Waco, TX 76705|
|Matula Insurance||2720 Bellmead Dr., Waco, TX 76705|
|Rodney D. Young Insurance||903 N. Interstate 35 Frontage Rd. Suite 111, Bellmead, TX 76705|
|A-MAX Auto Insurance||100 North, TX-340 Loop, Bellmead, TX 76705|
|Brook Oaks/Sanger Heights||Freeway Insurance||2425 W. Waco Dr., Waco, TX 76707|
|Watkins Insurance Group||3001 W. Waco Dr., Waco, TX 76707|
|Mike McKenzie - State Farm Insurance Agent||2921 W. Waco Dr., Waco, TX 76707|
|Baker and Carey Insurance Agency||3529 Bosque Blvd., Waco, TX 76710|
|First American Title Insurance Co||3701 W. Waco Dr., Waco, TX 76710|
|Cedar Ridge||Farmers Insurance - Rick Cummings||6801 Steinbeck Bend Dr., Waco, TX 76708|
|Texas Farm Bureau Insurance - Tim Prefume||10201 China Spring Rd. #100, Waco, TX 76708|
|Budget Auto Insurance||3801 N. 22nd St., Waco, TX 76708|
|Ramon Alvarez||3309 Chimney Place Dr., Waco, TX 76708|
|Howard Schnorrbusch Insurance Agency||1415, 3821 Greenleaf Dr., Waco, TX 76710|
|Hewitt||Alamo Fidelity Insurance Agency||688 Alliance Parkway, Hewitt, TX 76643|
|Clayton Boyd - State Farm Insurance Agent||704 Sun Valley Blvd., Hewitt, TX 76643|
|David Miller||511 N. Hewitt Dr. # 1, Hewitt, TX 76643|
|Texas Insurance Services||504 N. Hewitt Dr. #6, Hewitt, TX 76643|
|Farmers Insurance - John Fadal||504 N. Hewitt Dr Suite 6, Hewitt, TX 76643|
|Richland Hills/Landon Branch||State Auto Insurance Rockhill Specialty Office||510 N. Valley Mills Dr. #403, Waco, TX 76710|
|State Farm - Terry Strickland||4949 Franklin Ave., Waco, TX 76710|
|Cannon Insurance Agency|
|Farmers Insurance - David Gonzales||2501 Franklin Ave., Waco, TX 76710|
|Doug Buchanan: Allstate Insurance||536 N. New Rd., Waco, TX 76710|
|West Waco||Traci Plemons - State Farm Insurance Agent||8809 Woodway Dr., Waco, TX 76712|
|Pinnacle Insurance Group, Inc.||112 Sharron Dr., Waco, TX 76712|
|David Wilson: Allstate Insurance||8810 W. Highway 84 Suite 303, Waco, TX 76712|
|Ross Insurance Agency||213 Old Hewitt Rd., Waco, TX 76712|
|Germania Insurance||123 Topeka Dr. E., Woodway, TX 76712|