HomeInsuranceQts

Home Insurance in Allen, Texas

Homes in Allen carry a median value of $464,100 - close to the Collin County median.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Allen was built around 2003. About 1% of homes were built before 1960, about 1 point below Collin County's 2%.

Housing in Allen breaks down to 76% single-family homes, 22% apartments in buildings with 5+ units and 1% mobile or manufactured homes.

In Allen, about 69% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

About 69% of occupied homes in Allen are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

55% of homes in Allen are primarily heated with natural gas.

What's the biggest home insurance risk near Allen? FEMA's National Risk Index points to tornado (Very High) in Collin County and Collin County had 1,589 active NFIP flood policies as of September 2026. See the full Collin County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

53 licensed insurance agencies are listed for this area.

Key figures

Median home value$464,100
Median year built2003
Owner-occupied share69%
Share of owner-occupied homes with a mortgage69%
Top county hazardTornado (Very High)
Active NFIP policies in Collin County1,589
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Allen, TX

Licensed insurance agencies in Allen

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29