Home Insurance in Royal, Illinois
The median home value in Royal is $161,200, 24% lower than the Champaign County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Royal was built around 1964. About 42% of homes were built before 1960, about 18 points above Champaign County's 24%.
The housing stock in Royal is 93% single-family homes.
40% of owner-occupied homes in Royal carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 87% of occupied homes in Royal are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
62% of homes in Royal are primarily heated with natural gas.
FEMA rates Champaign County's overall risk as Relatively Moderate, led by winter weather (Relatively High). Champaign County had 217 active NFIP flood policies as of September 2026. See the full Champaign County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $161,200 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Champaign County | 217 |
| 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)