Home Insurance in Spearman, Texas
With a median home value of $124,000, Spearman is close to the Hansford County median.
The typical home in Spearman was built around 1971. About 25% of homes were built before 1960, about 2 points below Hansford County's 27%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Spearman is 89% single-family homes, 2% apartments in buildings with 5+ units and 5% mobile or manufactured homes.
43% of owner-occupied homes in Spearman carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Spearman has an owner-occupancy rate of 82% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
74% of homes in Spearman are primarily heated with natural gas.
Hansford County's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. Hansford County had 1 active NFIP flood policy as of September 2026. See the full Hansford 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.
This area lists 8 licensed insurance agencies.
Key figures
| Median home value | $124,000 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Hansford County | 1 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Spearman
- BROCK INSURANCE ASSOCIATES, INC., Spearman (General Lines Agency)
- DANA SCHNEIDER INSURANCE AGENCY, LLC, Spearman (General Lines Agency)
- DIAMOND G IRRIGATION LLC, Spearman (General Lines Agency)
- HOLLY REED INSURANCE AGENCY, LLC, Spearman (General Lines Agency)
- KIRK AGENCY, LLC, Spearman (General Lines Agency)
- KRISTEN ACOSTA INSURANCE SERVICE, LLC, Spearman (General Lines Agency)
- O A SUTTON INSURANCE AGENCY INC, Spearman (General Lines Agency)
- ROLLING PRAIRIES, LLC, Spearman (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)