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Home Insurance in Richardson, TX
Side-by-side numbers for Richardson, Dallas County and the state, covering housing, hazards and flood insurance.
$4,965/yr
About $414/mo · ~$300k-$400k dwelling class
$3,098/yr
About $258/mo after modeled shopping discount
About 37.6% below local market estimate
Richardson, Dallas County and Texas side by side
| Measure | Richardson | Dallas County | Texas |
|---|---|---|---|
| Median home value | $431,400 | $303,000 | $283,800 |
| Median year built | 1986 | 1983 | 1992 |
| Owner-occupied homes | 51% | 51% | 63% |
| Single-family detached | 54% | 52% | 64% |
| Built before 1980 | 44% | 45% | 33% |
| Built 2000 or later | 31% | 27% | 39% |
| Manufactured homes | less than 1% | 2% | 6% |
By median build year, Richardson (1986) and Dallas County (1983) are similar.
Census data shows a median home value of $431,400 in Richardson. For comparison, Dallas County as a whole comes in at $303,000. Your dwelling limit should be built from square footage, materials and local labor costs rather than what the house would sell for.
Dallas County hazards and storm counts
| Hazard | FEMA NRI rating | NOAA reports, 2016–2025 |
|---|---|---|
| Hail | Very High | 196 hail reports |
| Tornadoes | Very High | 12 tornadoes |
| Strong wind | Very High | 140 thunderstorm wind reports |
| Inland flooding | Very High | 113 flash floods |
| Hurricanes | Relatively Low | – |
| Wildfire | Relatively Low | – |
| Winter weather | Very High | – |
| Drought | Relatively Low | – |
| Lightning | Very High | – |
FEMA’s National Risk Index rates overall natural-hazard risk in Dallas County as very high. The individual hazards that stand out are hail (very high), tornadoes (very high) and inland flooding (very high).
Counting from 2000, 7 major disaster declarations for natural hazards have included Dallas County. The latest declarations were Severe Storms, Straight-line Winds, Tornadoes, and Flooding (2024), Severe Winter Storms (2021) and Hurricane Harvey (2017).
Turning the Richardson numbers into coverage choices
- Since Dallas 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.
- Richardson participates in the National Flood Insurance Program, so NFIP policies are available to residents. Its flood map now in force took effect in November 2024. Through FEMA’s Community Rating System it is rated Class 7, worth a 15% discount on NFIP policies in the special flood hazard area. In Dallas County, roughly 1 home in 128 has federal flood coverage (4,809 residential policies in force). Dallas County has produced 554 NFIP claims from 2016 on. Since homeowners forms exclude flood, plan ahead: most NFIP policies only take effect after a 30-day waiting period.
- According to the Census Bureau, the typical home in Richardson went up around 1986. 31% of local homes are from 2000 or later, compared with 44% built before 1980. Houses from this era often have had partial updates, so documenting a newer roof, water heater or HVAC can help when quotes are compared.
Contacts for Richardson homeowners
Your property record, including square footage and year built, is on the Dallas appraisal district site at www.dallascad.org (phone 214-631-0910). You can also visit the office at 2949 N Stemmons Fwy Dallas, TX 75247-6102. For local warnings, the responsible National Weather Service office is NWS Fort Worth/Dallas, TX. The radar the weather service assigns to this point is KFWS.
Richardson crosses into Collin County, but Dallas County contains most of it, so that is the county used for the data below. The Dallas-Fort Worth-Arlington metro area counts Dallas County among its central counties. Richardson lies southeast of Plano, around 6 miles away in a straight line.
Richardson coverage questions
What does FEMA’s risk index say about Dallas County?
FEMA’s National Risk Index rates overall risk in Dallas County as very high. Its standout hazards are hail (very high), tornadoes (very high) and inland flooding (very high). Those are the perils to ask about when you compare deductibles and endorsements.
What coverage do landlords and tenants need in Richardson?
Renters occupy about 49% of homes in Richardson. Landlords generally need a DP-1, DP-2 or DP-3 dwelling policy, and tenants need renters insurance, because the landlord’s policy does not cover a tenant’s belongings.
How much dwelling coverage do Richardson homes need?
Enough to rebuild, which is not the same as market value. Census data puts the Richardson median at $431,400, but your dwelling limit should equal what it would cost to rebuild the house at today’s labor and material prices.
Can I get TWIA windstorm coverage in Richardson?
No. Dallas County is outside TWIA’s designated catastrophe area, so wind and hail are covered by the homeowners policy itself, usually with a separate wind and hail deductible.
Compare Richardson home insurance quotes
Texas Insurance Resources shops multiple carriers for you. Call 800-875-4711 or start online.
Data sources and notes
Data reflects the most recent releases available in October 2026; survey figures carry 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
- FEMA Community Status Book
- Comptroller county directory, Dallas County
- Benchmarks: Dallas County value, Dallas County build year, Texas value
- FEMA disaster declarations, Dallas County
- OMB metro and micro areas
- Census Gazetteer files
- Census Bureau ACS five-year data, Richardson city: year built, tenure, population, home value, median year built, structure type
- Comptroller 2024 regions
- OpenFEMA flood insurance data, Dallas County
- TWIA coverage area
- FEMA National Risk Index, Dallas County
- Storm Events Database (NOAA), Dallas County