Lancaster, TX Home Insurance Quotes!

Lancaster is a beautiful little Texas town that 36,361 people are calling home. While Lancaster is not a huge population center, there are many advantages to living in one of the many beautiful homes that make up our community.

There are currently 6,585 households per zip code in the Lancaster area with the average number of people in each household coming in at 3 although that number will vary depending on the type of housing.

One of the biggest advantages to living in Texas and especially Lancaster is the average household income, which in the latest study came in at $57,421.

Housing is another bright spot of the Lancaster area with the average house price being an extremely affordable $139,850.

Lancaster, TX Housing Data

Lancaster has 36,361 residents, which translates into roughly 6,585 households per zip code with roughly 3 people per household. The average household income is a respectable $57,421, which is slightly above the national average. Homes are very affordable in the Lancaster area with the average house value coming in at $139,850.

Cheap Lancaster Home Insurance is Another Bonus

Along with affordable housing, Lancaster also has cheaper homeowners insurance prices. According to a recent nationwide study, Lancaster average premium costing is around $2,000 per year. We help homeowners shop the best rates with the highest quality in coverage options. Homeowners of Lancaster are seeing rates as low as $1,214 a year for a standard homeowners policy. Average rates are in the $1,464/yr. range, and the larger homes with square footage above 2,300 are only paying around $1,764 a year for an HO-3 policy. Rates are higher for larger homes due to the price of replacement cost coverage and the amount of risk involved in rebuilding a much larger home with higher end upgrades like kitchens and bathrooms. Our home insurance shopping process allows you to review the best rates and we can help you apply all discounts available for your home.

Something that many Lancaster homeowners are unaware of is the fact that homeowner policies come in a variety of different types and are categorized by the type of housing you are living in or purchasing.

This quick rundown of housing types will help you understand the various types of homeowners insurance in Texas:

HO-3: If you have a normal single-family house, this is the type of insurance coverage you need. It is the most common homeowner policy available today and protects you from all perils unless they are specifically excluded in the wording of the homeowner policy.
HO-6: Living in a co-op or condo building is easy and convenient and if you have this type of home, you need a HO-4 policy. It not only protects your personal property in your condo but also provides coverage for the parts of the condo building that you actually own, like the walls and mechanical systems in your unit.
HO-8: Historical homes dot the landscape of Lancaster and if you and your family are living in an older home, you may need an HO-8 policy. In most cases, a HO-8 policy is put in place because the house doesn't qualify for a HO-3 policy.
Basically an HO-8 policy is necessary if your home is worth less than the cost to replace it. The major disadvantage to these policies is that they only cover 11 specific perils.
HO-4: Renters need protection too and if you are living in an apartment, an HO-4 policy is tailor made for your needs. It will pay to replace your personal property if it is damaged, destroyed or stolen.

In addition, these policies come with liability coverage, which protects you in the event someone is hurt in your apartment. If they decide to sue you, an HO-4 policy will also pay for your legal defense and any resulting settlements or judgments, up to your policy limits.

Compare Homeowners Insurance Rates in Lancaster, TX!

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About Our Service in Texas

We are providing the most competitive homeowners insurance rates in Texas. Our quoting process is very quick and easy to use when you want to compare over 16 competitive rates all in one place. Our office is located in the heart of Austin, Texas and we are ready to help you compare the most affordable home insurance options and discounts with the most enhanced coverage options. Our rates will be generated from companies like: American Risk Insurance, Bankers Insurance Group, Centauri, Cypress Texas Insurance, Encompass Insurance, GeoVera Specialty, Gulfstream Property & Casualty, Home Owners of America, Lighthouse Property Insurance, Mission Select, TWICO, Universal North America (UIHNA), United property and casualty, Wellington, American Modern, Safeco and many more. Let us help you shop the lowest Texas rates available, start your quote online now or give us a call at 877-480-7274. We look forward to working with you!

Average Rates Nearby Lancaster

Are you looking for homeowners insurance in a city near Lancaster? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Lancaster, TX

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Lancaster.

75134, 75146,

Lancaster, TX Home Insurance Average Premiums

Local Lancaster, TX home insurance quotes comparison

$1214 /yr.

Shows Lancaster's lowest average rates with discounts applied.

For the city of Lancaster, 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)	$1214 /yr.
Average Coverage:	$1464 /yr.
2600 sq. ft. or higher (all discounts applied)	$1764 /yr.

What is the average home insurance cost for a home in Lancaster, TX?

• The average homeowners insurance premium paid annually for a home in Lancaster is around $1464 per year.

What does it cost on average per month for home insurance in Lancaster, TX?

• Homeowners in Lancaster pay an average cost per month around $122.00 for insurance coverage.

Lancaster, TX - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$278,460	$248,886
February	$277,768	$256,060
March	$277,832	$264,187
April	$278,072	$271,155

Homeowners insurance will help cover the cost to repair or replace your Lancaster home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Lancaster
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Lancaster, TX homeowners insurance rates all in one place!

Saving Money Tips on Lancaster Home Insurance

A great way to save money on Lancaster homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Lancaster area? Check out what homeowners are paying on average for Texas homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
525 ft.	This is the average home elevation in Lancaster, TX	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Texas flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Lancaster, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Dallas County.

Texas Homeowners Insurance News & Information

2024 Average Homeowners Insurance Rate at $2,777 per year Posted on Tuesday 20th February, 2024
A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
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 […]
Wind & Hail Home Insurance Coverage Guide Posted on Monday 13th September, 2021
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 […]

Lancaster, TX Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Lancaster so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Lancaster, TX?

- The average square footage in Lancaster is around 1,084 Sq. Ft. which would cost you around $139,850 to replace the home if you base the home on the price to build per square foot of $129.

Minimum Replacement Cost Total: $139,850

Location: Lancaster, Texas (Dallas County)

Average Building Cost Per Square Foot in Lancaster: $129 (low end)

Average Square Footage in Lancaster: 1,084 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$129	$139,850
Some Additional Upgrades	$161	$174,813
Major Home Updates or Advancements	$194	$209,775

Calculate Your Lancaster, TX Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($129) in Lancaster, Texas times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $403,125 (Media price to build of $161 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.