Home Insurance in Electra, Texas
The median home value in Electra is $59,300, 61% lower than the Wichita County median.
The typical home in Electra was built around 1955. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 61% of homes were built before 1960, about 29 points above Wichita County's 31%.
In Electra, the housing stock is 87% single-family homes, 3% apartments in buildings with 5+ units and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
40% of owner-occupied homes in Electra carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Electra has an owner-occupancy rate of 68% and a vacancy rate of 25%; unoccupied homes typically need a different coverage form.
Most homes in Electra - 52% - are primarily heated with natural gas.
What's the biggest home insurance risk near Electra? FEMA's National Risk Index points to hail (Relatively High) in Wichita County and Wichita County had 681 active NFIP flood policies as of September 2026. See the full Wichita 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.
2 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $59,300 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Wichita County | 681 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Electra
- DICKEY MCGANN & ROWE INC, Electra (General Lines Agency)
- PATTON CROP INSURANCE AGENCY, LLC, Electra (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)