Home Insurance in New Bedford, Illinois
With a median home value of $78,800, New Bedford is 38% lower than the Bureau County median.
The median home in New Bedford was built in 1939 or earlier. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 71% of homes were built before 1960, about 19 points above Bureau County's 52%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in New Bedford is 89% single-family homes and 11% mobile or manufactured homes.
45% of owner-occupied homes in New Bedford carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
New Bedford has an owner-occupancy rate of 97% and a vacancy rate of 21%; unoccupied homes typically need a different coverage form.
Most homes in New Bedford - 100% - are primarily heated with natural gas.
FEMA rates Bureau County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Bureau County had 60 active NFIP flood policies as of September 2026. See the full Bureau County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $78,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Bureau County | 60 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
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)