Walnut Springs, TX Home Insurance Quotes!

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Affordable home insurance is just one of the benefits of living in our beautiful city. The cost of homeowners insurance in Walnut Springs is around $1,517 per year. With all major discounts applied you can get rates as low as $1,267/yr. Homeowners in larger homes that need more dwelling coverage to accurately replace the home value for a 2,500 square foot home or bigger will see rates a little higher in the $1,817 per year range. Getting the best coverage with the right company for your home in Walnut Springs starts with our excellent home insurance shopping process. Enter your zip code to review the best rates and coverage options available.

Walnut Springs Home Insurance Coverage Types

Homeowners insurance comes in a variety of different types and each one has been designed to specifically insure a certain type of housing unit. One type of coverage is for a single-family house while an HO-4 policy is designed for an apartment.

Here is a quick overview of the different types of insurance that are available to you as a homeowner.

  • HO-3: A standard home, requires a standard homeowners policy and that is exactly what an HO-3 policy is designed to insure. It is the most popular type of homeowners policy being sold and will protect you from all perils except those excluded in the wording of the policy.
  • HO-6: Co-op and condo dwellers require a specific type of homeowners protection and an HO-6 fills those needs. It offers protection for both your personal property as well as the various parts of the building that you own. The walls and mechanical fixtures in your particular unit are examples of covered materials.
  • HO-8: Older homes come with their own set of challenges, one being that it often costs more to rebuild them than they are worth due to building methods and the type of materials used in their construction.
    In many cases, these homes are not eligible for a HO-3 policy so the only affordable way to protect them is with an HO-8 policy. An HO-8 policy will only cover 11 specific perils, and coverage levels may not pay out the entire cost to rebuild the house.
  • HO-4: The majority of us know this as renters insurance. It covers the personal possessions in your apartment from damage, destruction and even theft.

One of the major benefits of an HO-4 policy is the liability coverage that it offers. This portion of the policy will pay out if someone is injured in your apartment. It will cover the cost of medical bills, as well as a legal defense if you are sued because someone was injured in your apartment.

Walnut Springs is a Great Place to Call Home, Here are the Facts

Walnut Springs is one of the crown jewels of the Texas landscape and a current total of 827 homeowners currently call this beautiful little city home. There are a variety of housing options available in Walnut Springs including new home purchase opportunties to great fixer uppers. Regardless of whether you are looking for an apartment, single-family house or a condo, we have you covered.

In Walnut Springs, there are 431 households per zip code and the average number of people living in a household is 3.

In Walnut Springs, the average household lives on an income of $38,036, which is slightly below the national average, but still very impressive. Luckily, that $38,036 goes pretty far in the Walnut Springs housing market with the median house price coming in a $93,200.

Walnut Springs, TX Demographics & Home Data

Walnut Springs has 827 residents, which is roughly 431 households per zip code with 3 people per household. The average household income is a respectable $38,036, which is slightly below the national average. Homes are very affordable in the Walnut Springs area with the average house value to be around $93,200.

DemographicValues
Population827
Total Occupied Households284
Family Households (families)210
Average Owner Occupied Household Size2.77
Average Family Size3.40
Total Housing Units355

Compare Homeowners Insurance Rates in Walnut Springs, TX!

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

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Easily compare up to 12 competitive Walnut Springs, TX rates all in one place!

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 Walnut Springs

Are you looking for homeowners insurance in a city near Walnut Springs? 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 Walnut Springs, TX

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

76690,     

Walnut Springs, TX Home Insurance Average Premiums

Local Walnut Springs, TX home insurance quotes comparison

$1267 /yr.

Shows Walnut Springs's lowest average rates with discounts applied.

For the city of Walnut Springs, 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)
$1267 /yr.
Average Coverage:$1517 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1817 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Walnut Springs is around $1517 per year.

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

  • • Homeowners in Walnut Springs pay an average cost per month around $126.00 for insurance coverage.

Walnut Springs, TX - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $0 $0
February $0 $0
March $0 $0
April $129,276 $0

Homeowners insurance will help cover the cost to repair or replace your Walnut Springs 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 Walnut Springs
  • 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.
Enter your Zip Code:    

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

Enter your Zip Code:    
Easily compare up to 12 competitive Walnut Springs, TX rates all in one place!

Saving Money Tips on Walnut Springs Home Insurance

A great way to save money on Walnut Springs 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 Walnut Springs 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
978 ft. This is the average home elevation in Walnut Springs, 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 Walnut Springs, 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 Bosque 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 […]

Walnut Springs, TX Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Walnut Springs 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 Walnut Springs, TX?

- The average square footage in Walnut Springs is around 722 Sq. Ft. which would cost you around $93,200 to replace the home if you base the home on the price to build per square foot of $129.

Minimum Replacement Cost Total: $93,200

Location: Walnut Springs, Texas (Bosque County)

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

Average Square Footage in Walnut Springs: 722 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$129$93,200
Some Additional Upgrades$161$116,500
Major Home Updates or Advancements$194$139,800

The dwelling coverage is calculated by the average cost per square foot ($129) in Walnut Springs, 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.