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Compare 79761 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Odessa just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 10,886 neighbors looking to save on their home insurance policy in the local 79761 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 79761. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Texas rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Odessa, TX home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Odessa, TX

79761 Home Insurance Average Premiums

Local 79761 homeowners insurance quotes comparison

$1284 /yr.

Shows Zip Code: 79761 lowest rates with discounts applied on average.

For the 79761, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$1284 /yr.
Average Coverage:$1534 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1834 /yr.

What is the average home insurance cost for a home in 79761?

  • • The average homeowners insurance premium paid annually for a home in 79761 is around $1534 per year.

What does it cost on average per month for home insurance in 79761?

  • • Homeowners in 79761 pay a monthly average cost per month around $128.00.

What kind of discount could I get if I combine my home and auto insurance together in 79761?

  • • Autoowners in 79761 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Odessa area, check out other zip codes nearby 79761.
Review average rates in another zip code:
79764 homeowners insurance rates
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79763 homeowners insurance rates
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79766 homeowners insurance rates
79765 homeowners insurance rates

Home Replacement Cost Coverage in 79761

Average Building Cost Per Square Foot in 79761: $129

Location: Odessa, Texas (Ector County)

Average Square Footage in 79761: 929 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 79761 before you start any project. Odessa homeowners pay on average around $129 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 79761 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 79761 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 929 sq. ft. and the average cost to rebuild the home in this area is around $129 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Odessa area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$129929$119,900
Additional Upgrades & Added Features$161929$149,875
Major Home Updates or Advancements$194929$179,850

It's important to understand that when you estimate your replacement cost of your home in the 79761 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 79761

Best Home & Auto Insurance Agencies in 79761

Allstate Insurance Companies

Address: 1311 E 8th St Odessa, TX 79761
Phone:
Website:
Info:

Barry Smith Insurance

Address: 1050 N Dixie Blvd Odessa, TX 79761
Phone:
Website:
Info:

Housing Demographics for 79761

Population Review for 79761 Zip Code

For the city of Odessa, the population within 79761 has increased to over 31,853 residents in population size. The current population total is 30,187. We have broken down the population based on race below. In 79761, there are over 15208 in male population and 14979 females.

PopulationValues
Total Population30,187
White Population13734
Black Population2652
Hispanic Population18300
Asian Population326
Hawaiian Population65
Indian Population298
Other Population6489
Male Population15208
Female Population14979
Population Estimate31853

Household Data for 79761

The average number of homes in 79761 is around 10,886, there are an average of 2.71 per household. The average house value according to local real estate values is around $119,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode10,886
Persons Per Household2.71
Average House Value$119,900
Income Per Household$59538
Median Age34.3
Median Age Male32.8
Median Age Female35.7
79761 DetailsValues
StateTX
State Full NameTexas
City TypeP
City Alias Abbreviation
Area Code432
CityOdessa
City Alias NameODESSA
CountyEctor
County FIPS135
State FIPS48
Time Zone6
Day Light SavingY
MSA5800
PMSA
CSA372
CBSA36220
CBSA_DIV
CBSA_TypeMetro
CBSA_NameOdessa, TX
MSA_NameOdessa-Midland, TX MSA
PMSA_Name
RegionSouth
DivisionWest South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1009
Number Of Employees15561
Business First Quarter Payroll205757
Business Annual Payroll892007
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population137130
CBSA Division Population0
Congressional District11
Congressional LandArea27832.17
Delivery Residential11754
Delivery Business1539
Delivery Total13199
Preferred Last Line KeyW24999
Classification Code
Multi-County
CSA NameMidland-Odessa-Andrews, TX
CBSA_DIV_Name
City State KeyW24999
Land Area10.438000
Water Area0.003000
City Alias Code
City Mixed CaseOdessa
City Alias Mixed CaseOdessa
Box Count0
SFDU5408
MFDU1876
State ANSI48
County ANSI135
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number486555
Unique ZIP Name
SSA State County Code45451
Medicare CBSA Code36220
Medicare CBSA NameOdessa, TX
Medicare CBSA TypeMetro
Market Rating Area ID16
County Mixed CaseEctor

Texas Homeowners Insurance News & Information

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  • 9% Predicted Jump in Home Insurance Rates in 2023  Posted on Tuesday 25th April, 2023

    According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]

  • Get Cheaper Home Insurance by Using These Great Saving Tips Posted on Friday 19th August, 2022

    Homeowner insurance rates are headed up in many states this year. Colorado’s new average rate is around $3,400, Oklahoma is now $3,300, Tennesse has also moved up on the list to an average home insurance rate of $3,000 per year. Kansas and Texas are both around $2,500 for the year. While your premium may be […]

  • Top 3 Reasons Homeowners Can Expect a 3% to 30% Rate Increase Posted on Monday 18th April, 2022

    Interest rate hike due to inflation percentage rising up, FED, federal reserve or central bank monetary policy, economics or loan concept, businessman archery percentage arrow high up into the sky. There is a good chance that your homeowners insurance premium will be headed up this year. According to a recent S&P Global Market Intelligence report,  homeowners […]

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    Home in Panama City, Florida suffers from wind and hail damage in 2018. This damaged house is from hurricane Michael. Hailstorms can do a tremendous amount of damage to your house and roof in very short amount of time and if you are not properly insured you could end up having to cover the cost […]

  • Am I underinsured for hurricane damage? Posted on Thursday 26th August, 2021

    Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]

  • FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021

    A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]