Top Homeowner’s Insurance Companies in Texas

August 23, 2010 1 Comment »


Below is a list of the top 20 homeowner’s insurance companies in Texas during 2009, based on written insurance premium.

Keep in mind that these companies aren’t necessarily the top rated or the ones you should go with – they’re just the most frequently used by Texas homeowners.

As you can see, State Farm was the top homeowner’s insurance provider in Texas in 2009 (the most recent data available), according to a report from the Independent Insurance Agents of Texas.

The company grabbed 28.8% of the market share with $1.63 billion in written premium, more than doubling second-ranked Farmers, who snagged 13.5% of the market share with just over $761 million in written premium.

Allstate took the third spot with 13% market share and $734 million in written premium, followed by USAA, with 7.9% market share and $449 million in written premium.

Rounding out the top five was Travelers, with 4.9% market share and $277 million in written premium.

There were a number of other notables are in the top 20, including Liberty Mutual, The Hartford, AAA, Amica, and MetLife.

top homeowners insurance companies

As mentioned earlier, this list isn’t necessarily a gauge of quality, but more about market share, and the names an independent insurance agent may throw your way.

The 2009 homeowner’s loss ratio (amount of money paid out in insurance claims versus earned premium) of 67.1% was significantly better than the Hurricane Ike-driven 129.1% seen in 2008.

But there’s still a long way to go to get back down to 2005-2007 levels, which were between 33-56%.

Because of the abundance of natural disasters in Texas, homeowner’s insurance is more expensive there than in other parts of the country.

Read more: How are homeowners insurance rates determined?

(photo: westtexan)

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One Comment

  1. Charles Bedinghaus June 18, 2014 at 7:47 pm -

    I am buying a home in Chandler, Texas. I am searching for the lowest cost for Homeowner’s Insurance. Preferably would like to find an insurance company who will insure the loan amount on the home with no coverage furnishings inside the home…and where the premium depletes as the balance owed depletes.

    If you know of a company that does that, please call me or email me. Thank you very much!

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