Home Insurance in Panola County, Texas
The median home value in Panola County is $158,100, 44% lower than the Texas median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Panola County was built around 1984. About 15% of homes were built before 1960, about 2 points above Texas's 12%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Panola County is 69% single-family homes, 2% apartments in buildings with 5+ units and 24% mobile or manufactured homes.
40% of owner-occupied homes in Panola County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Panola County has an owner-occupancy rate of 80% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
Most homes in Panola County - 70% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Per FEMA's National Risk Index, Panola County's top hazards are strong wind (Relatively High), hail (Relatively Moderate) and tornado (Relatively Moderate).
Panola County had 17 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
The statewide average premium for a standard HO-3 homeowners policy in Texas is $2,864 per year, according to the NAIC homeowners insurance report (2023 data).
6 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $158,100 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Hail (Relatively Moderate), Tornado (Relatively Moderate) |
| Active NFIP flood policies (county) | 17 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Towns and cities
Licensed insurance agencies in Panola County
- FOSSIER EDGE INSURANCE & ASSOCIATES, LLC, Carthage (General Lines Agency)
- KM INSURANCE AGENCY, LLC, Long Branch (General Lines Agency)
- PARKER BROWN INSURANCE GROUP LLC, Carthage (General Lines Agency)
- RED OAK INSURANCE AGENCY, LLC, Carthage (Pers Lines Prop and Cas Agency)
- RED OAK INSURANCE AGENCY, LLC, Carthage (General Lines Agency)
- RICHARD H. THOMAS, INC., Carthage (General Lines Agency)
Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt
Sources
- 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)