Question 1

How much does homeowners insurance cost in Frisco, Texas?

Accepted Answer

Homeowners insurance in Frisco typically costs between $1,566 and $2,647 per year, or about $130 to $220 per month. Your actual rate depends on factors like your home's value, age, construction materials, coverage limits, deductible choice, and claims history. New construction homes and homes in master-planned communities often qualify for additional discounts that can lower these costs.

Question 2

Does new construction in Frisco qualify for insurance discounts?

Accepted Answer

Yes, homes less than 10 years old typically qualify for new home discounts because newer construction means newer roofs, updated electrical systems, and modern plumbing that reduce claim likelihood. If you're buying or building new in Frisco, make sure your insurance agent applies this discount to your policy. Additionally, choosing impact-resistant roofing materials can provide substantial and permanent discounts due to reduced hail damage risk.

Question 3

What is a typical hail deductible in Frisco?

Accepted Answer

Wind and hail deductibles in Frisco are typically 1-2% of your home's insured value, though they can range from 1% to 5%. For a home insured at $350,000, a 2% deductible means you'll pay $7,000 out-of-pocket before insurance kicks in. Many Texas homeowners are seeing deductibles increase from 1% to 2% as insurance companies shift more financial risk to policyholders to control hail claim costs.

Question 4

Do master-planned communities in Frisco get lower insurance rates?

Accepted Answer

Master-planned communities can offer insurance advantages because they're designed with risk-reduction features like advanced stormwater management systems, elevated roadways, underground utilities, and modern building codes. These features can lower the likelihood of claims, particularly for flood damage. Many also have security features like gated entries that may qualify for additional discounts of up to 20% when combined with monitored security systems.

Question 5

How can I lower my homeowners insurance in Frisco?

Accepted Answer

The most effective ways to reduce premiums are bundling home and auto insurance (15-25% discount), maintaining a claims-free record, installing a security system (up to 20% off), and choosing impact-resistant roofing materials. Shopping around annually is also critical, as rates vary significantly between insurers in Texas's volatile market. Make sure to ask about new home discounts if your home is less than 10 years old.

Question 6

Do I need flood insurance in Frisco?

Accepted Answer

While most of Frisco isn't in high-risk flood zones, about 7% of buildings face significant flood risk, particularly near creeks and drainage areas. Standard homeowners policies don't cover flood damage, so if your home is near water or in a lower-lying area, you should seriously consider a separate flood policy through the National Flood Insurance Program. Master-planned communities with advanced stormwater systems may have reduced flood risk.

Insurance Agents in Frisco, Texas (TX)

Insurance agencies serving Frisco

Grimes Insurance Group, LLC

HI Agency - Wylie

Insurance Agents in Frisco, Texas (TX)

Insurance agencies serving Frisco

Grimes Insurance Group, LLC

HI Agency - Wylie

Hillcrest Insurance Group, Inc.

Hillcrest Insurance Group, Inc.

JGS Advisors Insurance Group, LLC

Judge Fite Insurance

Latinpro Insurance Texas

Macarty Insurance & Services LLC

Moore Insurance Group

NTO Agency - Insurance Agency

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Frequently asked questions