The 40 Largest Home & Landlord Insurers in Texas

The Texas homeowners and rental property insurance market is dominated by a few major players, with the top 40 companies holding a significant portion of the market share. In 2022, these leading insurers collectively wrote $11.68 billion in premiums, accounting for 87.42% of the total market, which amounted to $13.36 billion.

State Farm Lloyds leads the market with an impressive $2.5 billion in written premiums, representing an 18.74% market share. This significant lead underscores State Farm’s strong presence and trusted reputation in Texas. Allstate Vehicle and Property Insurance Company follows with $1.33 billion in premiums, securing a 9.98% market share. Texas Farmers Insurance Company ranks third, with $911 million in written premiums and a 6.82% market share, further highlighting the competitive landscape of homeowners insurance in Texas.

Other notable companies in the top five include Travelers Personal Insurance Company, with $631 million in premiums (4.72% market share), and United Services Automobile Association (USAA), which includes both United Services Automobile Association and USAA Casualty Insurance Company, collectively writing approximately $914 million in premiums, combining their 3.71% and 3.13% market shares, respectively.

Smaller but significant players include American Economy Insurance Company, Homeowners of America Insurance Company, and ASI Lloyds, with market shares ranging from 2.60% to 2.27%. These companies demonstrate the diversity of options available to homeowners in Texas, catering to different needs and preferences.

The bottom tier of the top 40 companies, such as Nationwide General Insurance Company and Clear Blue Insurance Company, still play crucial roles in the market, writing $65 million and $69 million in premiums, respectively. Their presence contributes to the overall stability and competitiveness of the homeowners insurance sector in Texas.

This concentration of market share among the top insurers indicates a robust and competitive market, providing Texans with a variety of choices for homeowners and landlord insurance. The significant premiums written by these companies underscore their ability to cover risks and serve the insurance needs of Texas homeowners and rental property investors effectively.