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Home Insurance in Olney, TX
FEMA rates drought and hail as the leading natural hazards for Young County. Here is the storm, flood and wind record that shapes home insurance in Olney.
$3,807/yr
About $317/mo · ~$300k-$400k dwelling class
$2,303/yr
About $192/mo after modeled shopping discount
About 39.5% below local market estimate
What FEMA’s ratings say about Olney
Young County lands in the very low category of FEMA’s National Risk Index. Hazard by hazard, the strongest scores are for drought (relatively high), hail (relatively moderate) and wildfire (relatively moderate).
Drought is rated relatively high in Young County. Expansive clay soils can shift foundations in dry spells, and most policies exclude settling and earth movement.
Hail risk here is relatively moderate. Cosmetic-damage exclusions for metal roofing and roof-age settlement schedules vary by carrier, so read those sections.
Wildfire risk is rated relatively moderate in Young County. Fire is a covered peril, but brush clearance and roof material can affect eligibility and price.
Strong wind is rated relatively moderate in Young County, which means straight-line wind claims to roofs and fences are common.
Recent severe weather in Young County
Young County had 36 hail reports in NOAA’s storm records for 2016 through 2025. Stones of one inch or more showed up in 34 of the reports. The largest reported hail was 3.1 inches on May 22, 2025. Between 2016 and 2025, 2 tornadoes touched down in Young County.
Straight-line thunderstorm winds generated 17 reports, peaking around 81 mph. Flash flooding was logged 6 times over the same decade.
Young County appears in 5 presidential major disaster declarations for weather and other natural hazards from 2000 onward. The latest declarations were Severe Winter Storms (2021), Severe Storms, Tornadoes, Straight-line Winds and Flooding (2015) and Wildfires (2011).
Who covers wind in Olney?
TWIA does not write in Young County; wind and hail claims go through your regular homeowners policy, which may carry its own wind/hail deductible.
Flood risk and coverage for Olney
FEMA lists Olney as a participating NFIP community. Its current effective flood map dates to July 2011. Only about 1 in 144 homes in Young County carries an NFIP policy (56 residential policies). Since homeowners forms exclude flood, plan ahead: most NFIP policies only take effect after a 30-day waiting period.
The FEMA Flood Map Service Center shows the flood zone for any address.
Olney housing in brief
Half of the housing in Olney dates from 1965 or earlier, per Census estimates. Roughly 85% of the housing stock predates 1980 and 3% is from 2000 onward. Homeowners in Olney report a median value of $95,100. Across Young County the median is $175,800. 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 Olney
Olney belongs to Young County. Young County is outside any federally defined metro or micro area. Olney lies south of Wichita Falls, around 40 miles away in a straight line.
The Young County appraisal district (www.co.young.tx.us) publishes the square footage, year built and improvements insurers use to estimate rebuild cost. The district office address is 505 5th St. Graham, TX 76450-2506. The NWS Fort Worth/Dallas, TX office handles forecasts and storm warnings for Olney. Radar coverage comes from the KDYX site.
Questions about weather risk in Olney
Will my policy cover foundation problems from drought in Olney?
Generally no. Settling and earth movement are excluded on most homeowners forms, even though drought, rated relatively high in Young County by FEMA, can move foundations. A covered water leak that damages the slab may be the exception.
Does homeowners insurance cover tornado damage in Olney?
Yes, tornado damage is covered as windstorm, subject to your wind and hail deductible. NOAA records show 2 tornadoes in Young County from 2016 through 2025, so confirm your dwelling and loss-of-use limits would cover a full rebuild.
What does the hail record look like near Olney?
NOAA’s Storm Events Database lists 36 hail reports in Young County from 2016 through 2025, 34 of them with stones an inch or larger. FEMA’s National Risk Index rates the county’s hail risk relatively moderate. Impact-resistant roofing and a deductible you can afford are the two levers worth discussing with an agent.
Is windstorm insurance through TWIA an option in Olney?
No, Young County is not in TWIA territory. Look instead at the wind and hail deductible on your homeowners quotes, since that is where storm costs land.
Get an Olney home insurance quote
One call to 800-875-4711 or a short online form gets several carriers working on your quote.
Sources for this Olney page
Data reflects the most recent releases available in October 2026; survey figures carry margins of error. Premium figures in the estimate cards are illustrative models, not quotes.
- NWS Fort Worth/Dallas, TX
- OMB metro and micro areas
- Census Gazetteer coordinates
- FEMA declared disasters, Young County
- OpenFEMA flood insurance data, Young County
- Community Status Book (NFIP)
- Texas Comptroller regions
- NOAA Storm Events Database, Young County
- National Risk Index (FEMA), Young County
- American Community Survey 2020–2024, Olney city: structure type, year built, population, median year built, tenure, home value
- Texas property tax directory, Young County
- Texas Windstorm Insurance Association
- Benchmarks: Young County value, Young County build year