Compare homeowners insurance quotes in Waco, TX with Freedom Insurance Group. We shop 25+ carriers and help you match coverage to the home or vehicles you actually own.
Average cost of home insurance in Waco, TX
| Home value tier | Market est. | FIG illustrated |
|---|---|---|
| Typical local home (~$221,700) | $1,377 | $854 |
| $300,000 dwelling | $1,633 | $1,012 |
| $600,000 dwelling | $2,298 | $1,425 |
| $1,000,000 dwelling | $2,990 | $1,854 |
The typical homeowners insurance premium in Waco, TX is about $1,377 annually for a typical local home (typical local home value about $221,700). For a $300,000 dwelling, expect around $1,633 per year; for a $600,000 home about $2,298; and for a $1,000,000 dwelling about $2,990. Freedom Insurance Group rates are often about 38% lower — near $854 per year for a typical home, roughly $1,012 for a $300,000 home, about $1,425 for a $600,000 home, and around $1,854 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Windstorm & Hail Coverage) |
|---|---|
| $100,000 – $200,000 | $1,270 |
| $200,000 – $300,000 | $1,419 |
| $300,000 – $400,000 | $1,742 |
| $400,000 – $500,000 | $1,972 |
| $500,000 – $600,000 | $2,195 |
| $600,000 – $700,000 | $2,370 |
| $700,000 – $800,000 | $2,515 |
| $800,000 – $900,000 | $2,705 |
| $900,000 – $1,000,000 | $2,895 |
Band premiums are midpoints on the Waco dwelling curve (typical local home value about $221,700). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Waco, TX, using a typical local home value of about $221,700. Freedom figures apply an approximate 38% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
Waco, TX: what is distinctive here
About 132,356 people live in Waco and lies within Mclennan County.
Waco is part of the Mclennan County area, where everyday insurance shopping is driven more by home characteristics and carrier appetite than by any single landmark.
Most homes are single-family houses typical of the Mclennan County area; replacement cost, roof age, and construction type still explain most premium differences from street to street.
North Texas homes are often rated for severe thunderstorms, hail, and tornado risk shared across the Plains.
Our Waco office is at 1302A Robinson Drive, Waco, TX 76706. Call (800) 253-1482, or see the Waco office page.
Why Waco home insurance prices vary
A Waco home insurance price rests on a set of connected factors that carriers check side by side. The heaviest factors are typically rebuild cost, roof age and material, and local storm or wildfire exposure; deductible choice and claims history can swing the final premium as much as which carrier you pick.
Rebuilding your house in comparable materials at current labor and material costs defines what replacement cost measures. What the insurer might pay moves with the rebuild estimate, so larger Waco rebuild numbers usually mean higher premiums.
Construction type and roof details also matter: frame versus masonry walls, roof covering, and overall build quality shape how a property holds up in wind, hail, and fire common across Texas.
Homes in Waco with close rebuild estimates may still get different quotes because of location risk: storm, hail, wildfire, and crime scores that vary by ZIP code and neighborhood.
Fire protection looks at how far the home sits from hydrants and stations together with the local protection class, and better protection ratings often support sharper pricing.
Claims history remains a major rating input: recent claims on the property or household often increase rates for Waco renewals and new business quotes alike.
Many insurers look at a credit-based insurance score where the state allows; the stronger the score, the lower the premium tends to be.
Common discounts for Waco, TX homeowners
| Discount | What it means | Typical amount |
|---|---|---|
| New Home | New construction recently purchased | up to 40% |
| Age of home (5 yrs) | Newer homes | up to 26% |
| Bundle | Home and auto together | up to 25% |
| Upgrades | Electrical, plumbing, heating, roof updates | up to 20% |
| Hail-resistant roof | Class 1–4 impact roof | up to 12% |
| Claims-free | Multi-year claims-free history | up to 5% |
| Security / alarms | Monitored fire or burglar alarm | up to 4% |
| Paid in full | Pay annual premium upfront | up to 7% |
Discounts are not uniform across carriers, and the amounts vary. Treat “up to” as the ceiling, not a guarantee.
Homeowners policy coverages, A through F
- Dwelling (A): When a covered loss hits, this limit pays to rebuild the house itself; set it to match current local reconstruction costs.
- Coverage B, other structures: This part protects detached features such as a garage, shed, fence, or similar buildings that sit apart from the main house.
- Personal property (Coverage C): Protects what is inside the house: furniture, clothing, and everyday items. Pricier categories can be subject to special limits.
- Loss of use (Coverage D): This helps with additional living expenses when a covered claim makes the home unlivable for a while during repairs.
- Personal liability (E): Protection when the law holds you responsible for another person’s injury or property damage from a covered incident.
- Coverage F, medical payments: If a visitor is injured at your home, it helps with their medical bills, usually without a liability claim being filed.
Flood is a separate policy and is not included in the home policy. A percentage wind/hail deductible is a percent of the dwelling limit, not of the claim. Example, not a local rate: a 2% wind/hail deductible on a $300,000 dwelling is $6,000 out of pocket before the home policy pays that claim.
Home-and-auto bundles in Waco, TX
Illustrative average bundling savings, not a guaranteed quote. Actual savings vary with the carrier and the drivers.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Waco, Texas | $258 | $436 | $636 |
Local housing and storm data: Waco
Census survey estimates (ACS 2020–2024) show about 61,163 housing units in Waco, and owners occupy roughly 49% of the occupied homes. Of all units, 59% are detached single-family houses and 38% are in buildings with two or more units.
Since 2000, McLennan County has been part of 7 major disaster declarations; the latest is Severe Winter Storms (February 2021).
Named communities and subdivisions in USGS place-name records near Waco include Bannas Junction, Beverly Hills, Bosqueville, Beverly, Woodway, and Speegleville. Rates can still differ from one section to the next based on build era, roof, and fire protection.
The median home in Waco was built in 1979. About 51% of homes were built before 1980, so wiring, plumbing, and roof updates are worth documenting for a quote.
The National Risk Index from FEMA shows elevated ratings for hail (“Relatively Moderate”), tornado (“Relatively High”), wildfire (“Relatively Moderate”), and strong-wind (“Relatively Moderate”) in McLennan County.
Home heating in Waco runs mainly on electricity (67%) and utility gas (31%).
Tornado history matters here as well: NOAA lists 3 tornadoes starting within 10 miles of Waco over 2016–2025, the most intense an EF1 in April 2024.
The NOAA Storm Events Database logged 42 hail reports within about 9 miles of Waco from 2016 through 2025, 33 of them one inch or larger. Top size was 4.5 inches in April 2023 around Waco.
Waco dates its official start to 1849. Waco’s population went from 113,726 at the 2000 Census to 124,805 at the 2010 Census, and the Census Bureau’s July 2024 estimate is 146,608. Growth since 2000 comes to roughly 29%.
Older NOAA hail logs add more history: SPC data show 68 hail reports within 5 miles of Waco between 1955 and 2015, the largest 4.5 inches on April 28, 1992. Reports of 2-inch or bigger hail number 7 in that span. Federal tornado records from NOAA’s Storm Prediction Center list 20 tornadoes that began within 10 miles of Waco from 1950 through 2015; the strongest was an F5 on May 11, 1953. NOAA ties that tornado to 114 deaths and 597 injuries.
Looking at neighboring communities? We also have home insurance pages for Woodway (5 mi), Hewitt (7 mi), and Robinson (8 mi).
Waco-area ZIP codes we insure
76633 · 76704 · 76711 · 76643 · 76705 · 76712 · 76657 · 76706 · 76714 · 76701 · 76707 · 76797 · 76702 · 76708 · 76798 · 76703
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Compare home insurance quotes in Waco, TX
Freedom Insurance Group shops 25+ carriers on behalf of Waco residents. Reach us at (800) 253-1482 or start a free home quote online.
