What is the average cost of flood insurance for my home in Texas?

How much will a flood policy in Texas cost me? My partner and I just moved here and we are thinking about making an offer on a home. I know it is a flood zone and I would like to know how much insurance to budget for.

Answer
“Since your new home is in a flood zone, you will likely be required to purchase a flood policy. The average cost of flood insurance in Texas costs around $620.
$620 is the average of flood insurance for Texas in general, however people in low-risk areas (called Non-Special Flood Hazard Area, or NSFA) will pay less. Folks who live in high-risk areas (called Special Flood Hazard Area, or SFHA) will have a much higher rate.
The only way to know exactly how much it will cost you is by getting a quote for your potential home with Fema. You can get a quote by going online at FloodSmart.gov/flood-insurance-provider or call them at 877-336-2627
Having to pay for a flood policy on top of a mortgage and a homeowner’s policy can feel like a lot. But, hopefully, you can take some comfort in knowing that states that require flood insurance like Texas, Florida, and Louisana, usually pay less than other states that don’t need it, like Connecticut and Vermont.
This is because insurance is a shared risk pool; the more people that contribute, the less everyone has to pay. For example, the average cost of flood insurance in Vermont is over $1,500 for an area that probably won’t flood.
Check with your homeowner’s insurance company about adding flood insurance. They can help guide you through the flood policy process and let you know what your standard homeowner’s policy will and will not cover in the event of a flood.
If you are looking for a new home or auto policy, give Jerry a try! Jerry is an insurance comparison app that shops for low prices with over 50 different auto and home insurance companies for free. You will get quotes in seconds, and once you buy a policy, the paperwork is emailed to you right away.”
avatar
Shannon Martin
Answered on Sep 09, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free