Home Insurance in Mineral Wells, Texas
Homes in Mineral Wells carry a median value of $161,300 - 19% lower than the Palo Pinto County median.
The typical home in Mineral Wells was built around 1966. About 36% of homes were built before 1960, about 12 points above Palo Pinto County's 24%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Mineral Wells is 71% single-family homes, 11% apartments in buildings with 5+ units and 7% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Mineral Wells, about 40% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 59% of occupied homes in Mineral Wells are owner-occupied. The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Mineral Wells - 52% - are primarily heated with natural gas.
What's the biggest home insurance risk near Mineral Wells? FEMA's National Risk Index points to hail (Relatively Moderate) in Palo Pinto County and Palo Pinto County had 155 active NFIP flood policies as of September 2026. See the full Palo Pinto 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.
8 licensed insurance agencies serve this area.
Key figures
| Median home value | $161,300 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Palo Pinto County | 155 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Mineral Wells
- APRIL MARTIN INS AGCY, INC., Mineral Wells (General Lines Agency)
- CHESTNUT INSURANCE AGENCY, LLC, Mineral Wells (General Lines Agency)
- COMMERCIAL SHIELD INSURANCE, LLC, Mineral Wells (General Lines Agency)
- CULVER COMMERCIAL INSURANCE SERVICES, LLC, Mineral Wells (General Lines Agency)
- E STRANGE HOLDINGS LLC, Mineral Wells (General Lines Agency)
- THE BUTLER AGENCY, INC., Mineral Wells (General Lines Agency)
- THE FINK INSURANCE AGENCY LLC, Mineral Wells (General Lines Agency)
- TY HARTLEY INSURANCE AGENCY LLC, Mineral Wells (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)