Home Insurance in Wrangell City and Borough, Alaska
The median home value in Wrangell City and Borough is $296,400, 16% lower than the Alaska median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Wrangell City and Borough was built around 1976. About 23% of homes were built before 1960, about 15 points above Alaska's 8%.
The housing stock in Wrangell City and Borough is 66% single-family homes, 9% apartments in buildings with 5+ units and 14% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
41% of owner-occupied homes in Wrangell City and Borough carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 25%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 59% of occupied homes in Wrangell City and Borough are owner-occupied.
Most homes in Wrangell City and Borough - 68% - are primarily heated with electricity. Homes heated with fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
The top hazards for Wrangell City and Borough, per FEMA's National Risk Index, are winter weather (Very Low), earthquake (Very Low) and wildfire (Very Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. Wrangell City and Borough has no active NFIP flood policies on file.
The statewide average premium for a standard HO-3 homeowners policy in Alaska is $1,216 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $296,400 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 41% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Very Low), Earthquake (Very Low), Wildfire (Very Low) |
| Home insurance premium | $1,216 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)