An established core in the high-$300Ks and a Tribute build well into seven figures. We help owners on both sides set coverage that fits the home — not the city average.
Home insurance in The Colony, TX comes down to a few things: two housing stocks in one city - 1970s cores and 2000s lakeside builds, DFW’s hail exposure, and how your roof is valued at claim time. Texas homeowners pay among the highest premiums in the country — about $3,899 a year on average (Bankrate, June 2026), roughly 61% above the national average, and The Colony's older sections keep rates uneven across town. Bome Home Insurance Group is an independent, Lewisville-based agency serving The Colony that compares multiple A-rated carriers to match homeowners with the most competitive premium available, with a quote back within 24 hours.
| Typical home value | ~$383,900 (U.S. Census ACS) |
|---|---|
| Median year built | 1970s-80s core, 2000s+ lakeside |
| Ownership | ~60% owner-occupied |
| Texas average premium | ~$3,899/yr — ~61% above the national averageSource: Bankrate, June 2026 |
| 1% wind/hail deductible | ~$3,800 at a $384,000 dwelling limit |
| 2% wind/hail deductible | ~$7,700 at a $384,000 dwelling limit |
| DFW hail frequency | 3–5 significant events/yr; 2023 storms ~$7–10B insured TX losses (95% hail)Source: Insurance Information Institute, 2023 |
| Hail/wind claim deadline | 1 year from the date of lossTex. Ins. Code §542A.003 |
| Coverage basis to confirm | RCV vs. ACV — the gap widens on roofs 15+ years old |
Last updated: June 2026.
The original sections of The Colony — the 1980s and 1990s build-outs east of Lake Lewisville — look a lot like neighboring Lewisville and Carrollton: aging roofs, aging systems, and dwelling limits that have quietly fallen behind today's rebuild cost.
The Tribute is a different conversation entirely. Newer construction, golf-course and lakefront views, finishes and square footage that put a lot of homes well above $1 million. At those values, the wind/hail deductible (usually a percentage of dwelling) is a five-figure check, and not every carrier writes the terms a luxury home actually needs. We handle both — and we'll be honest about which one you're really in.
DFW averages 3 to 5 significant hail events per year. The 2023 DFW hailstorms alone produced an estimated $7–10 billion in insured Texas losses (95% from hail), and Texas led the country with 1,123 hail events that year.
Most Texas policies require wind and hail claims to be reported within one year of the storm — check your policy's deadline. On older roofs paid at actual cash value, depreciation can shrink the carrier's payout below the actual repair bill. We model your home's real numbers before you sign.
Most of our clients save $300–$800 a year when we bundle home and auto with the same carrier. For households in The Colony with two cars and a clean loss history, the savings tend to land toward the higher end of that range.
We quote it both ways — bundled and stand-alone — and show you the math. If bundling isn't your best deal, we'll say so.
With home + auto bundled, adding $1 million of umbrella liability typically runs $200–$400 a year. For Tribute homeowners with significant equity, retirement savings, and teen drivers in the mix, $2M or $3M may be the right number — and we'll walk through that math too.
There's no single price - your premium depends on your roof age, dwelling limit, and claims history. As a benchmark, Texas homeowners pay about $3,899 a year on average (Bankrate, June 2026), and The Colony's older sections keep rates uneven across town. Because we're independent, we compare multiple A-rated carriers to find your most competitive premium.
An older roof isn't automatically uninsurable, but on The Colony's 1970s-80s core, 2000s+ lakeside homes many carriers move older roofs to actual cash value (ACV) instead of replacement cost value (RCV) - paying the depreciated value rather than the cost to replace. We confirm which basis a policy uses before you bind so there's no surprise after a storm.
Replacement cost value (RCV) pays what it costs to rebuild or re-roof today; actual cash value (ACV) subtracts depreciation, so an older roof pays out far less. The gap is widest on older roofs, and it's the most common cause of claim disappointment in The Colony. We check which basis each carrier applies to your home.
Your wind and hail deductible is typically 1-2% of your dwelling coverage, separate from your standard deductible. On a $384,000 The Colony home, that's roughly $3,800 to $7,700 out of pocket before a hail claim is covered.
Often, yes. Carrier appetite for The Colony's roofs and rising rebuild costs shift year to year, and a policy set a few years ago may now be underinsured or overpriced. We re-shop across multiple A-rated carriers at the same coverage so the comparison is apples-to-apples.