F.A. Peabody Insurance
16 Station Rd, Sherman, ME 04776
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Sherman households and business owners trust local agents to navigate carrier appetite shifts, underwriting requirements, and the claims process.
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16 Station Rd, Sherman, ME 04776
View this agency's profile to learn more about their services.
Learn about insurance coverage options specific to Sherman residents.
Sherman drivers pay $140/month on average for car insurance. Learn Texas 30/60/25 requirements, US-75 risks, and how to get the best rates in 2026.
Texas requires 30/60/25 liability coverage: $30,000 per person for injuries, $60,000 per accident for multiple injuries, and $25,000 for property damage. You must carry proof of insurance at all times while driving. However, these minimums may not fully protect you in a serious accident, so higher limits are often recommended.
Texas homeowners insurance averages between $3,851 and $4,585 per year for $300,000 in dwelling coverage, or roughly $321 to $382 per month. Your actual rate depends on your home's age, construction type, location, and proximity to flood zones. Sherman rates may vary from the state average based on local risk factors.
Flood insurance isn't state-required, but it's highly recommended, especially near Lake Texoma or Choctaw Creek. Standard home policies don't cover flood damage, and Lake Texoma flooded significantly in 2025. If you're in a designated flood zone, your mortgage lender will require it. Even outside flood zones, coverage provides critical protection.
Driving uninsured in Texas is a class C misdemeanor with fines up to $350 for a first offense. You'll also face a $250 annual surcharge for three years, possible vehicle impoundment, and suspension of your license and registration. Repeat offenses can result in fines up to $1,000.
Yes, bundling auto and home insurance with the same carrier typically saves 15-25% on both policies. Given that Sherman drivers already pay 19% less than the Texas average for auto insurance, bundling can lead to significant savings. Ask local agents about multi-policy discounts when shopping for coverage.
Texas home insurance premiums increased 54% from 2019 to 2024, with a 21% jump between 2022 and 2023 alone. The main drivers are severe weather events (hurricanes, tornadoes, hailstorms, floods), rising construction and repair costs, and increased claim frequency. Texas is now the fifth most expensive state for homeowners insurance.
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