Home Insurance in Champaign County, Illinois
Homes in Champaign County carry a median value of $211,500 - 20% lower than the Illinois median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Champaign County was built around 1981. About 24% of homes were built before 1960, about 14 points below Illinois's 38%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Champaign County is 57% single-family homes, 33% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Champaign County, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 54% of occupied homes in Champaign County are owner-occupied.
In Champaign County, 54% of homes are primarily heated with natural gas.
Per FEMA's National Risk Index, Champaign County's top hazards are winter weather (Relatively High), tornado (Relatively High) and hail (Relatively Moderate).
Champaign County had 217 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Illinois carries a statewide average premium of $1,480 per year.
Key figures
| Median home value | $211,500 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Tornado (Relatively High), Hail (Relatively Moderate) |
| Active NFIP flood policies (county) | 217 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Towns and cities
- Bondville
- Broadlands
- Champaign
- Fisher
- Foosland
- Gifford
- Homer
- Ivesdale
- Longview
- Ludlow
- Mahomet
- Ogden
- Pesotum
- Philo
- Rantoul
- Royal
- Sadorus
- Savoy
- Sidney
- St. Joseph
- Thomasboro
- Tolono
- Urbana
Sources
- 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)