Side-by-side homeowners quotes from 25+ companies for Bonham, TX, from Freedom Insurance Group.
Getting to know Bonham, TX
Bonham is home to roughly 10,079 residents and sits in Fannin County.
Bonham is part of the Fannin County area, and there day-to-day insurance shopping is driven more by home characteristics and carrier appetite than by any single landmark.
Most homes are single-family properties typical of the Fannin County area; rebuild cost, roof age, and construction still explain most premium differences block by block.
North Texas homes are often rated for severe thunderstorms, hail, and tornado risk typical of the Plains.
Homeowners pricing in Bonham, TX
The typical homeowners insurance premium in Bonham, TX is about $1,441 annually for a typical local home (typical local home value about $255,000). For a $300,000 dwelling, expect around $1,633 per year; for a $600,000 home about $2,298; and for a $1,000,000 dwelling about $2,990. Freedom Insurance Group rates are often about 38% lower — near $893 per year for a typical home, roughly $1,012 for a $300,000 home, about $1,425 for a $600,000 home, and around $1,854 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Windstorm & Hail Coverage) |
|---|---|
| $100,000 – $200,000 | $1,270 |
| $200,000 – $300,000 | $1,419 |
| $300,000 – $400,000 | $1,742 |
| $400,000 – $500,000 | $1,972 |
| $500,000 – $600,000 | $2,195 |
| $600,000 – $700,000 | $2,370 |
| $700,000 – $800,000 | $2,515 |
| $800,000 – $900,000 | $2,705 |
| $900,000 – $1,000,000 | $2,895 |
Band premiums are midpoints on the Bonham dwelling curve (typical local home value about $255,000). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Bonham, TX, using a typical local home value of about $255,000. Freedom figures apply an approximate 38% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
Coverage basics for homeowners
- Dwelling (Coverage A): When a covered loss hits, this limit pays to rebuild the structure; make sure it tracks what rebuilding costs in your area today.
- Other structures (Coverage B): A detached garage, a shed, a fence, or similar buildings that stand apart from the house are protected by this part.
- Personal property (C): Pays for belongings in the home: furniture, clothing, and everyday items. Valuables like jewelry may have special limits.
- Coverage D, loss of use: It can help pay additional living expenses when a covered claim makes the home temporarily unlivable during repairs.
- Personal liability (E): This coverage responds when you are legally responsible for injuring someone or damaging their property arising from a covered incident.
- Medical payments (Coverage F): Medical costs for a guest hurt at your home, often paid without a liability claim.
Common discounts for Bonham, TX homeowners
| Discount | What it means | Typical amount |
|---|---|---|
| New Home | New construction recently purchased | up to 40% |
| Age of home (5 yrs) | Newer homes | up to 26% |
| Bundle | Home and auto together | up to 25% |
| Upgrades | Electrical, plumbing, heating, roof updates | up to 20% |
| Hail-resistant roof | Class 1–4 impact roof | up to 12% |
| Claims-free | Multi-year claims-free history | up to 5% |
| Security / alarms | Monitored fire or burglar alarm | up to 4% |
| Paid in full | Pay annual premium upfront | up to 7% |
Each company chooses which discounts it offers and how large they are. Treat “up to” as the top end, not a guarantee.
Why Bonham home insurance quotes differ
A homeowners quote in Bonham comes from a handful of related inputs that carriers check together. Deductible choice and past claims can move the final premium as much as the carrier brand itself, but rebuild cost, the roof’s age and material, and local storm or wildfire risk usually move the number most.
Putting the house back in comparable materials at current labor and material costs is what replacement cost captures. The maximum payout tracks the rebuild estimate, so larger Bonham rebuild numbers generally mean higher premiums.
Frame or masonry walls, the roofing material, and how well the house is built all shape how the home holds up against Texas’s wind, hail, and fire events, so construction type and roof details count.
Location risk explains why neighbors can pay different amounts: underwriters rate storm, hail, wildfire, and crime risk by ZIP code and neighborhood across Bonham.
Fire protection weighs distance to hydrants and fire stations plus the local protection class, and stronger protection profiles can support lower premiums.
Underwriters review claims history on every quote; fresh claims on the property or household can push rates up for Bonham renewals and new policies.
Some carriers weigh a credit-based insurance score where permitted; higher scores generally bring lower prices.
Home-and-auto bundles in Bonham, TX
Illustrated average bundle savings, not a guaranteed quote. Actual savings come down to the carriers and drivers involved.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Bonham, Texas | $258 | $436 | $636 |
Local housing and storm data: Bonham
Bonham’s median year built is 1975. Roughly 60% of homes were built before 1980, which means wiring, plumbing, and roof updates can change eligibility and price.
From 2000 on, Fannin County has been part of 9 major disaster declarations; the most recent is Severe Storms, Straight-Line Winds, Tornadoes, and Flooding (May 2024).
Census survey estimates (ACS 2020–2024) show about 3,457 housing units in Bonham, and owner-occupants live in close to 64% of the occupied homes. Looking at building types, 76% are detached single-family houses and 19% are in buildings with two or more units.
Occupied homes in Bonham are heated mostly with electricity (54%), utility gas (42%), and propane or other bottled gas (3.5%). Wood stoves and propane tanks are items underwriters ask about, because they can affect eligibility.
NOAA’s Storm Events Database lists 8 hail reports within about 5 miles of Bonham from 2016 through 2025 (8 at one inch or more). The biggest was 1.75 inches in May 2024 near Bonham.
The National Risk Index from FEMA shows elevated ratings for hail (“Relatively Moderate”), tornado (“Relatively Moderate”), and strong-wind (“Relatively Moderate”) in Fannin County.
On tornadoes, NOAA recorded 3 tornadoes touching down within 10 miles of Bonham over 2016–2025, with the strongest at EF2 during April 2020.
Bonham dates its official start to 1837. Census counts put Bonham at 9,990 residents in 2000 and 10,127 in 2010, and the Census Bureau’s July 2024 estimate is 11,115. The population has stayed fairly steady since 2000.
Earlier hail records help too: SPC data show 54 hail reports within 5 miles of Bonham between 1955 and 2015; the biggest stones, 4.5 inches, fell on May 16, 1989. Reports of 2-inch or bigger hail number 7 in that span. NOAA Storm Prediction Center records list 30 tornadoes that began within 10 miles of Bonham from 1950 through 2015; the strongest was an F3 on April 2, 1982. That tornado’s record lists 1 death and 1 injury.
Looking at neighboring communities? See our home insurance pages for Howe (25 mi), Van Alstyne (25 mi), and Denison (26 mi).
ZIP codes we insure in and around Bonham
75418
