On average, landlords pay about 15%–25% more than a typical homeowners policy because of extra risks tied to rental properties.
For single-family rental homes, premiums usually fall between $1,300 and $1,900 per year (~$110–$160/month).
Larger or more valuable rentals, like multi-family units valued around $600,000, can see $2,000–$4,000+ yearly premiums.
Urban areas and coastal regions with higher crime, weather risks, or disaster exposure usually have higher insurance costs.
Factors like property condition, coverage limits, deductibles, and safety features (e.g., alarms) impact your annual cost.
Protect your Texas rental property with landlord insurance designed to cover risks that go beyond standard homeowners insurance, including tenant related liability, property damage, and loss of rental income. Unlike homeowners policies, landlord coverage addresses the unique exposures of rental properties. Whether you own a single family home or multi family units, get expert guidance and competitive rates. Contact Pierce Insurance Group at (469) 252-8001 to discuss your options and request a personalized quote today.