Home Insurance in Malone, Texas
The median home value in Malone is $117,600, 34% lower than the Hill County median.
The typical home in Malone was built around 1944. About 77% of homes were built before 1960, about 54 points above Hill County's 24%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Malone, the housing stock is 89% single-family homes and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
33% of owner-occupied homes in Malone carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Malone has an owner-occupancy rate of 82% and a vacancy rate of 33%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Malone - 62% - are primarily heated with natural gas.
FEMA rates Hill County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Hill County had 80 active NFIP flood policies as of September 2026. See the full Hill 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).
1 licensed insurance agencies serve this area.
Key figures
| Median home value | $117,600 |
|---|---|
| Median year built | 1944 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 33% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Hill County | 80 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Malone
- PEAVY INSURANCE AGENCY, LLC, Malone (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)