Home Insurance in Morgan County, Illinois
With a median home value of $130,800, Morgan County is 50% 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 Morgan County was built around 1965. About 42% of homes were built before 1960, about 5 points above Illinois's 38%.
The housing stock in Morgan County is 79% single-family homes, 7% apartments in buildings with 5+ units and 7% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
56% of owner-occupied homes in Morgan County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Morgan County has an owner-occupancy rate of 73% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
In Morgan County, 59% of homes are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA's National Risk Index lists strong wind (Relatively High), earthquake (Relatively Low) and hail (Relatively Low) as the leading hazards for Morgan County. Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Morgan County had 85 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.
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 | $130,800 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Earthquake (Relatively Low), Hail (Relatively Low) |
| Active NFIP flood policies (county) | 85 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Towns and cities
Smaller communities
-
Concord
- Median home value: $109,200
- Median year built: 1942
- Owner-occupied share: 97%
-
Meredosia
- Median home value: $65,300
- Median year built: 1967
- Owner-occupied share: 75%
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)