Home Insurance in Arrowsmith, Illinois
Homes in Arrowsmith carry a median value of $103,500 - 50% lower than the McLean County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Arrowsmith was built around 1949. About 59% of homes were built before 1960, about 36 points above McLean County's 23%.
In Arrowsmith, the housing stock is 96% single-family homes.
About 54% of owner-occupied homes in Arrowsmith have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 88% of occupied homes in Arrowsmith are owner-occupied.
95% of homes in Arrowsmith are primarily heated with natural gas.
McLean County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. McLean County had 141 active NFIP flood policies as of September 2026. See the full McLean 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 | $103,500 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in McLean County | 141 |
| 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)