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Home Insurance in Lakeway, TX
Lakeway homeowners insure against hail and tornadoes first, according to FEMA’s county ratings. This page lays out the local hazard data and what it means for coverage.
$3,113/yr
About $259/mo · ~$300k-$400k dwelling class
$1,862/yr
About $155/mo after modeled shopping discount
About 40.2% below local market estimate
What FEMA’s ratings say about Lakeway
FEMA’s National Risk Index rates overall natural-hazard risk in Travis County as relatively high. Hazard by hazard, the strongest scores are for hail (very high), tornadoes (very high) and inland flooding (relatively high).
FEMA rates hail very high in Travis County; roof material, roof age and prior hail repairs will all show up in underwriting questions.
Tornado risk is very high in Travis County. Tornado damage is covered as windstorm under a homeowners policy, subject to the wind/hail deductible.
Inland flood risk is relatively high in Travis County; heavy rain can flood homes outside mapped zones, and homeowners policies exclude it.
Strong wind is rated relatively high in Travis County, which means straight-line wind claims to roofs and fences are common.
Recent severe weather in Travis County
Hail turned up 152 times in Travis County in NOAA’s database between 2016 and 2025. Stones of one inch or more showed up in 121 of the reports. On September 24, 2023, observers reported hail as large as 3 inches. Tornado records for Travis County show 5 touchdowns from 2016 through 2025; the most intense was an EF1 on March 21, 2022.
Severe thunderstorm winds were reported 85 times, the strongest near 85 mph. NOAA also counts 77 flash flood events in the county in that period.
Counting from 2000, 14 major disaster declarations for natural hazards have included Travis County. Among the most recent are Severe Storms, Straight-line Winds, and Flooding (2025), Severe Winter Storm (2023) and Severe Winter Storms (2021).
Windstorm questions for Lakeway homes
Since Travis County is not a TWIA county, look at how your homeowners policy handles wind and hail, including whether that deductible is a flat amount or a percentage of the dwelling limit.
Flood risk and coverage for Lakeway
The city takes part in the National Flood Insurance Program, which makes federal flood policies available. The effective FEMA flood map for the community is from January 2020. In Travis County, roughly 1 home in 49 has federal flood coverage (6,295 residential policies in force). Since 2016, 455 NFIP flood claims have come from Travis County. Standard homeowners policies exclude flood, and a new NFIP policy generally has a 30-day waiting period.
Look up your address on the FEMA Flood Map Service Center to see your flood zone.
How Lakeway homes are built and valued
Line up every home in Lakeway by age and the one in the middle was built in 2004. 59% of local homes are from 2000 or later, compared with 14% built before 1980. Homeowners in Lakeway report a median value of $841,300. The Travis County figure is lower, at $523,000. Keep in mind that Coverage A should follow rebuilding cost, not sale price, since the lot itself does not burn or blow away.
Local records and contacts for Lakeway
Travis County is home to Lakeway. The Austin-Round Rock-San Marcos metro area counts Travis County among its central counties. The nearest bigger city is Austin, about 14 miles from Lakeway as the crow flies.
Square footage and build year on file with the Travis appraisal district (www.traviscad.org) feed straight into replacement-cost estimates, so check them for errors. Its office is at 850 E. Anderson Ln. Austin, TX 78752. Lakeway is covered by the NWS Austin/San Antonio, TX forecast office, which issues local watches and warnings. Radar coverage comes from the KGRK site.
Lakeway hazard and coverage questions
How often does it hail around Lakeway?
Travis County had 152 hail reports in NOAA’s records for 2016 to 2025, 121 of them with stones an inch or larger. FEMA’s National Risk Index rates the county’s hail risk very high. Roof age, roof material and the wind and hail deductible drive most of the price difference between quotes.
Is a percentage deductible a good idea in Lakeway?
A percentage deductible is calculated on your dwelling limit; for example, 2% of a $300,000 dwelling limit is $6,000 out of pocket per wind or hail claim. A flat-dollar deductible usually costs more in premium but is easier to budget. With 121 reports of inch-plus hail in Travis County from 2016 through 2025, it is worth pricing both options.
Are frozen pipes covered in Lakeway?
Generally yes, if a pipe bursts suddenly and you kept the home reasonably heated. FEMA rates winter weather risk in Travis County as relatively moderate. Slow leaks, mold and wear are commonly excluded.
Does homeowners insurance cover tornado damage in Lakeway?
Yes, tornado damage is covered as windstorm, subject to your wind and hail deductible. NOAA records show 5 tornadoes in Travis County from 2016 through 2025, so confirm your dwelling and loss-of-use limits would cover a full rebuild.
Ready to price your Lakeway home?
Texas Insurance Resources shops multiple carriers for you. Call 800-875-4711 or start online.
Where the Lakeway numbers come from
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.
- Texas Windstorm Insurance Association
- Texas Comptroller regions
- NWS Austin/San Antonio, TX
- Census metro delineation
- Gazetteer (Census)
- Comptroller CAD listing, Travis County
- NOAA NCEI storm reports, Travis County
- FEMA Community Status Book
- FEMA declared disasters, Travis County
- County and state comparisons: Travis County value, Travis County build year
- Census Bureau ACS five-year data, Lakeway city: year built, home value, median year built, tenure, structure type, population
- OpenFEMA flood insurance data, Travis County
- National Risk Index (FEMA), Travis County