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Home Insurance in Murphy, TX
What Murphy houses look like on paper, including age, type and value, and how each detail feeds into a homeowners quote.
Murphy homes at a glance
About 98% of homes in Murphy are detached single-family houses; owners occupy 94% of the occupied units.
How age and construction affect a Murphy quote
Line up every home in Murphy by age and the one in the middle was built in 2005. 81% of local homes are from 2000 or later, compared with 5% built before 1980. With so much newer housing, ask carriers whether they offer a new-construction credit and how long it lasts.
$4,749/yr
About $396/mo · ~$300k-$400k dwelling class
$2,773/yr
About $231/mo after modeled shopping discount
About 41.6% below local market estimate
Setting the dwelling limit in Murphy
Census data shows a median home value of $555,500 in Murphy. That sits above the county-wide median of $475,600. A home’s market value is a starting point only; the dwelling limit should reflect labor and materials to rebuild it at today’s prices.
What each coverage does for Murphy owners
Pays to rebuild the house itself. Set it from a replacement-cost estimate, not the sale price or tax value.
Detached garages, fences, sheds and workshops, often set at 10% of Coverage A by default. Larger lots and outbuildings are common here, so check the limit.
Your belongings. A room-by-room photo inventory makes claims faster.
Extra living costs if a covered loss forces you out during repairs.
Covers lawsuits for injuries or property damage you are responsible for; many owners choose at least $300,000.
Small medical bills for guests injured at your home, regardless of fault.
Storm and flood context for Murphy
Collin County lands in the relatively high category of FEMA’s National Risk Index. The highest-rated individual hazards are hail (very high), tornadoes (very high) and inland flooding (relatively high). Collin County had 310 hail reports in NOAA’s storm records for 2016 through 2025. In 265 cases the hail was an inch across or bigger. The largest reported hail was 5.25 inches on April 11, 2016.
Collin County is outside TWIA’s designated catastrophe area, so wind and hail are normally covered by the homeowners policy itself, often with a separate percentage deductible. Your flood zone is a quick search away on the FEMA Flood Map Service Center.
Local resources for Murphy homeowners
Your property record, including square footage and year built, is on the Collin appraisal district site at www.collincad.org (phone 469-742-9200). You can also visit the office at 250 Eldorado Pkwy. McKinney, TX 75069-8023.
Collin County is home to Murphy. Federal statistical definitions place Collin County at the core of the Dallas-Fort Worth-Arlington metro area. Murphy lies west of Wylie, around 5 miles away in a straight line.
Murphy housing and coverage questions
Are most homes in Murphy old or new?
The median home was built in 2005, and about 5% predate 1980, per Census estimates. Recent construction usually prices well, though rebuild costs for newer finishes can be high.
What does the Murphy savings estimate on this page mean?
The estimate cards above model about 41.6% below the local market figure for Murphy. Treat it as illustrative; your quote depends on the home, roof, claims history and deductible.
Should I insure my Murphy home for its market value?
Not necessarily. The Census median home value in Murphy is $555,500, but Coverage A should match the cost to rebuild, which excludes land and can be higher or lower than market value. Ask for a replacement-cost estimate based on square footage and finishes.
Do I have to carry homeowners insurance in Murphy?
Only your lender can require it; Texas itself does not. If the home is paid off, the choice is yours, but one serious storm or fire can cost far more than years of premiums.
Ready to price your Murphy home?
Talk to a licensed Texas Insurance Resources agent at 800-875-4711, or get a quote online.
Where the Murphy numbers come from
Public data current as of October 2026; Census figures are survey estimates. The two price cards are modeled estimates from Texas Insurance Resources, not quotes.
- FEMA NRI county ratings, Collin County
- Comptroller CAD listing, Collin County
- Texas Windstorm Insurance Association
- Census ACS 2020–2024, Murphy city: population, structure type, median year built, home value, tenure, year built
- Comparison figures: Collin County value, Collin County build year
- Comptroller 2024 regions
- Storm Events Database (NOAA), Collin County
- OMB metro and micro areas
- Gazetteer (Census)