Home Insurance in Lakeway, Texas
The median home value in Lakeway is $841,300, 61% higher than the Travis County median.
The typical home in Lakeway was built around 2004. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 2% of homes were built before 1960, about 4 points below Travis County's 7%.
The housing stock in Lakeway is 85% single-family homes and 11% apartments in buildings with 5+ units.
66% of owner-occupied homes in Lakeway carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lakeway has an owner-occupancy rate of 86% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Lakeway - 60% - 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.
What's the biggest home insurance risk near Lakeway? FEMA's National Risk Index points to tornado (Very High) in Travis County and Travis County had 8,671 active NFIP flood policies as of September 2026. See the full Travis 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.
7 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $841,300 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Travis County | 8,671 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Lakeway
- LAKECOUNTRY INSURANCE AGENCY LLC, Lakeway (General Lines Agency)
- LAKEWAY INSURANCE GROUP, INC., Lakeway (General Lines Agency)
- MARK SMITH INS. FIN SVCS INC, Lakeway (General Lines Agency)
- NMG FINANCIAL SERVICES LLC, Lakeway (General Lines Agency)
- REATA INSURANCE GROUP INC., Lakeway (General Lines Agency)
- THE WATERMARK CONSULTING GROUP LLC, Lakeway (General Lines Agency)
- ZISSLER INSURANCE SERVICES LLC, Lakeway (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)