How much is Flood Insurance in Texas?
At FloodPrice.com, we're excited to offer you access to the nation's largest private flood insurers, providing coverage you can trust. Our instant online quote tool compares rates from numerous carriers searching for the best coverage at the lowest price. We can compare your quote to an NFIP price and help you choose the better option.
How much is Flood Insurance in Texas?
The average cost per policy in Texas through the NFIP is $1,035.39. Depending on where you live, this average could vary substantially! When you also add in variables like your deductible, the cost of your home and contents, your premiums can change. 10 of the most populated cities in Texas are listed below with their average cost per policy through the NFIP. If you're interested in a quote for a private flood insurance policy to compare costs, we offer a 100% online quote process.
Average Costs through the NFIP
City | Average Cost per Policy |
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Houston | $1,070.62 |
San Antonio | $1,095.39 |
Dallas | $796.73 |
Austin | $765.62 |
Fort Worth | $984.59 |
El Paso | $779.29 |
Arlington | $925.85 |
Corpus Christi | $962.90 |
Plano | $1,071.10 |
Laredo | $1,100.42 |
Prices as of 07/31/24.
Our Private Flood Insurance Prices are Often Lower!
Our private flood insurance averages are often much lower than those shown above! Get a quote online and find out how much we can save you.
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Not interested in private flood, or not sure whether you should choose an NFIP policy or a private flood insurance policy? We offer both! Give us a call and we'll answer all of your questions.
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How Much is Flood Insurance in Texas?
Do you need flood insurance in Texas?
Yes, we recommend flood insurance if you live in Texas. While you are probably aware of the risks in the southern part of Texas, there are other areas of the state that can have a high risk of flooding. Central Texas, in particular, is prone to flash flooding, the #1 natural disaster threat in the area. Texas frequently ranks in the top 5 states for flood-related damages. If your home is in a high-risk area and you have a federally backed mortgage (virtually all loans are), federal law requires your lender to mandate a flood insurance policy. To find out if you're in a flood zone, enter your address into our Flood Zone Lookup Tool.
Does homeowners insurance cover flooding?
No, homeowner's insurance typically does not include flood coverage. You typically need to purchase a separate flood insurance policy. Start the process online with our quick quote tool.
How to get cheap flood insurance in Texas?
Private flood insurance often offers broader coverage at a lower price than the NFIP. It includes higher coverage limits and living expenses if you're displaced due to a flood. This could save you hundreds, if not thousands, of dollars while your home is being repaired.
5 Facts about Flooding in Texas
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Frequent Flooding: Texas is one of the most flood-prone states due to its size, geographic diversity, and weather patterns.
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Major Flood Events: Texas has experienced some of the most catastrophic floods in U.S. history, including the Centra Texas floods in 1921 and Hurricane Harvey in 2017.
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Variety of Causes: Flooding in Texas can be caused by hurricanes, tropical storms, thunderstorms, and overflow of rivers, lakes and costal waters.
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Economic Impact: Flooding events in Texas often cost billions in damages. Hurricane Harvey alone caused approximately $125 billion in damage.
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Flood Insurance: Despite the risk, many Texans do not have flood insurance, leaving a critical gap in coverage.
How to Get Flood Insurance Without a Flood Elevation Certificate.
You don't need a flood elevation certificate to get flood insurance through FloodPrice. Carriers now use geospatial technology to determine a home’s elevation in comparison to where flood waters may go. However, if you still think an elevation certificates might positively impact your insurance rates, we encourage you to give us a call. Our flood experts can help you understand how this certificate might impact your costs.
How much could Flood Damage to your home cost you in Texas?
Flood damage can be emotionally and financially devastating, especially if you don’t have flood insurance. Use the FEMA tool to see how much even an inch of water could cost you. Flood insurance can help you recover quickly.
Get an Instant Flood Insurance Quote Online today!
Our quick quote tool compares rates from multiple carriers in seconds, looking for the best coverage at the lowest price.
Risk Rating 2.0 Pricing in Texas.
FEMA’s insurance program, known as the NFIP, recently changed their pricing methodology. They are now using Risk Rating 2.0, and the result is a price change for 97% of policyholders. If you have a policy through the NFIP, compare the Risk Rating 2.0 price to a Private Flood Insurance quote. You could save hundreds of dollars.
The NFIP does not allow mid-term cancellations. Once your policy renews, the NFIP will only allow you to cancel your policy if there is a significant event, such as the sale of your home or a change in your flood zone. Because of this, cancelling an NFIP policy can be difficult and frustrating. It is important to start comparing your policy before your policy is set to renew.
Here is a link to review the allowable reasons you can cancel your NFIP policy mid-term: FEMA Cancellation Form.
What is not covered by the NFIP?
NFIP policies do not offer coverage for temporary living expenses, belongings in your basement, or coverage for decks or carports. Coverage for your contents are only covered for their value at the time of loss, not their replacement cost. Visit the NFIP website to review the coverage exclusions.
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Private flood policies offer broader coverage, often at a lower cost. Consider getting flood insurance from FloodPrice.
Need help from a Flood Expert? Call us at 866-503-5663
*79% of NFIP policy holders in Texas (607,645 policies) will see an average increase of $0-$120 per year. 4% of policyholders (32,660 policies) will see an increase of $120-$240 per year. 3% of policyholders (21,525 policies) will see an increase of greater than $240 per year.
Source: https://www.fema.gov/sites/default/files/documents/fema_texas-state-profile_03-2021.pdf