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Home Insurance in Bonham, TX
See where Bonham stands against county and statewide figures before you compare home insurance quotes.
$5,417/yr
About $451/mo · ~$300k-$400k dwelling class
$3,429/yr
About $286/mo after modeled shopping discount
About 36.7% below local market estimate
Bonham, Fannin County and Texas side by side
| Measure | Bonham | Fannin County | Texas |
|---|---|---|---|
| Median home value | – | $233,700 | $283,800 |
| Median year built | 1975 | 1987 | 1992 |
| Owner-occupied homes | 64% | 79% | 63% |
| Single-family detached | 76% | 78% | 64% |
| Built before 1980 | 60% | 41% | 33% |
| Built 2000 or later | 17% | 31% | 39% |
| Manufactured homes | 3% | 13% | 6% |
The housing stock in Bonham is older than Fannin County’s overall, by median build year (1975 versus 1987). Owner-occupancy is lower than the county figure (64% versus 79%). Manufactured homes are less common in Bonham (3% of units) than across Fannin County (13%).
For a small place like Bonham, the survey margin on home values is wide, so the county median of $233,700 is a steadier reference. Keep in mind that Coverage A should follow rebuilding cost, not sale price, since the lot itself does not burn or blow away.
Fannin County hazards and storm counts
| Hazard | FEMA NRI rating | NOAA reports, 2016–2025 |
|---|---|---|
| Hail | Relatively Moderate | 61 hail reports |
| Tornadoes | Relatively Moderate | 10 tornadoes |
| Strong wind | Relatively Moderate | 49 thunderstorm wind reports |
| Inland flooding | Relatively Low | 8 flash floods |
| Hurricanes | Very Low | – |
| Wildfire | Relatively Low | – |
| Winter weather | Relatively Low | – |
| Drought | Relatively High | – |
| Lightning | Relatively Low | – |
The National Risk Index from FEMA scores Fannin County as relatively low for combined natural-hazard risk. Among individual perils, the top ratings go to drought (relatively high), ice storms (relatively high) and hail (relatively moderate).
FEMA has issued 8 natural-hazard major disaster declarations covering Fannin County since 2000. Recent ones: Severe Storms, Straight-line Winds, Tornadoes, and Flooding (2024), Severe Winter Storms (2021) and Severe Storms and Flooding (2019).
Coverage takeaways for Bonham
- There is no TWIA option in Fannin County, so the homeowners carrier handles wind and hail, and its deductible for those perils can differ from the all-other-perils deductible.
- FEMA lists Bonham as a participating NFIP community. Its flood map now in force took effect in February 2011. NFIP data counts 139 residential flood policies in Fannin County, about 1 for every 102 homes. Policyholders in the county have filed 31 NFIP claims since 2016. Since homeowners forms exclude flood, plan ahead: most NFIP policies only take effect after a 30-day waiting period.
- Census estimates put the median construction year for homes in Bonham at 1975. The split is roughly 60% pre-1980 construction versus 17% built from 2000 on. With a stock this mature, insurers often want the roof age and the year the electrical panel and plumbing were last updated before they bind coverage.
Local offices and records
Before you request quotes, pull your record from the Fannin appraisal district at www.fannincad.org; the Texas Comptroller’s Fannin County directory lists its contact details. Its office is at 831 W. State Hwy. 56 Bonham, TX 75418-8604. Watches and warnings for Bonham are issued by NWS Fort Worth/Dallas, TX. Its assigned radar site for Bonham is KFWS.
The county for Bonham is Fannin County. Fannin County makes up part of the Bonham micropolitan area. Bonham lies northeast of McKinney, around 38 miles away in a straight line.
FAQ: Bonham home insurance
What does FEMA’s risk index say about Fannin County?
Fannin County is rated relatively low overall in FEMA’s National Risk Index. The highest individual ratings are for drought (relatively high), ice storms (relatively high) and hail (relatively moderate). Those are the perils to ask about when you compare deductibles and endorsements.
Can I get competitive quotes in Bonham from carriers outside the area?
Yes. Pricing depends on your address and home, not the agent’s office. Whether you are in Bonham or McKinney, about 38 miles away, an independent agency can shop multiple carriers remotely.
What is a typical savings range when switching?
Our illustrative TX Insurance Resources estimate for Bonham reflects a modeled 36.7% improvement versus the local market anchor. It is an estimate for comparison only; real results vary by home, coverage and carrier.
Can I get TWIA windstorm coverage in Bonham?
No. TWIA only writes in the 14 first-tier coastal counties and part of Harris County, and Fannin County is not among them. Your homeowners carrier covers wind and hail.
Request a Bonham homeowners quote
Texas Insurance Resources shops multiple carriers for you. Call 800-875-4711 or start online.
About the data
Figures were retrieved in October 2026 and are estimates with margins of error. Price estimates near the top are Texas Insurance Resources models for comparison, not quotes or published averages.
- NWS Fort Worth/Dallas, TX
- OpenFEMA flood insurance data, Fannin County
- Comparison figures: Fannin County value, Fannin County build year, Texas value
- TWIA eligibility
- Comptroller 2024 regions
- Comptroller county directory, Fannin County
- Census ACS 2020–2024, Bonham city: year built, structure type, population, home value, median year built, tenure
- OMB metro and micro areas
- Gazetteer (Census)
- Disaster declarations (FEMA), Fannin County
- FEMA Community Status Book
- National Risk Index (FEMA), Fannin County
- Storm Events Database (NOAA), Fannin County