Hometown Insurance Agency and Covey Insurance
- Kim BishopOffice Manager — Arapaho Office · Company website
- Joe GarciaAgent — Arapaho Office · Company website
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
What they do
Hometown Insurance Agency (Covey Insurance) is an independent insurance agency in Arapaho, Oklahoma, offering personal, business, farm, ranch and crop insurance to households and businesses in western Oklahoma.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 84 mi · $60.2M
- LANCE RHODES · Fairview, 55 mi · $10.9M
- XCEL FEEDYARD, LLC · Watonga, 40 mi · $8.7M
- LUTHI FARMS, LLC · Gage, 59 mi · $8.4M
- PREMIUM BEEF FEEDERS, LLC · Lone Wolf, 40 mi · $7.6M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Hometown Insurance Agency and Covey Insurance this business | $806K | — |
| Arapaho Tag Arapaho | $806K | 0.0 mi |
| Newsome Insurance Agency Clinton | $806K | 4.0 mi |
| JACKSON INSURANCE GROUP LLC Clinton · 1 employees | $165K | 4.0 mi |
| Shelter Insurance Clinton | $806K | 4.0 mi |
| Allstate Insurance Agency Clinton | $806K | 4.2 mi |
| COVEY INSURANCE SOLUTIONS LLC Clinton · 2 employees | $633K | 4.4 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hometown Insurance Agency and Covey Insurance
Hometown Insurance Agency and Covey Insurance is an insurance agencies company in Arapaho, Oklahoma, in business since 2016. It is owned by Burke Covey. Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns Hometown Insurance Agency and Covey Insurance?
- Hometown Insurance Agency and Covey Insurance is owned by Burke Covey, according to public sources such as the company's website or filings.
- How much revenue does Hometown Insurance Agency and Covey Insurance make?
- SeeBITDA estimates Hometown Insurance Agency and Covey Insurance's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hometown Insurance Agency and Covey Insurance worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was Hometown Insurance Agency and Covey Insurance founded?
- Hometown Insurance Agency and Covey Insurance has been in business since 2016.