Home Insurance in Bonham, Texas
With a median home value of $201,800, Bonham is 14% lower than the Fannin County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Bonham was built around 1975. About 29% of homes were built before 1960, about 9 points above Fannin County's 20%.
In Bonham, the housing stock is 78% single-family homes, 11% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Bonham, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 17%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 64% of occupied homes in Bonham are owner-occupied.
54% of homes in Bonham are primarily heated with electricity.
What's the biggest home insurance risk near Bonham? FEMA's National Risk Index points to tornado (Relatively Moderate) in Fannin County and Fannin County had 146 active NFIP flood policies as of September 2026. See the full Fannin County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Texas, the statewide average premium for a standard HO-3 homeowners policy is $2,864 per year (NAIC, 2023 data).
3 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $201,800 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Fannin County | 146 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Bonham
- BRADFORD-WATSON CO INC, Bonham (General Lines Agency)
- ROBERTS AG RISK MANAGEMENT LLC, Bonham (General Lines Agency)
- SHOCKLEY INSURANCE AGENCY, INC., Bonham (General Lines Agency)
Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)
- Texas Department of Insurance - licensed agencies (2026)