Home Insurance in Newman, Illinois
With a median home value of $101,900, Newman is 32% lower than the Douglas County median.
The typical home in Newman was built around 1958. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 51% of homes were built before 1960, about 10 points above Douglas County's 41%.
Housing in Newman breaks down to 93% single-family homes, 4% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 40% of owner-occupied homes in Newman have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 89% of occupied homes in Newman are owner-occupied.
In Newman, 84% of homes are primarily heated with natural gas.
Douglas County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Douglas County had 96 active NFIP flood policies as of September 2026. See the full Douglas County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Illinois is $1,480 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $101,900 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Douglas County | 96 |
| 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)