Home Insurance in Monticello, Illinois
The median home value in Monticello is $210,500, 17% higher than the Piatt County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Monticello was built around 1978. About 23% of homes were built before 1960, about 11 points below Piatt County's 33%.
Housing in Monticello breaks down to 87% single-family homes, 5% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Monticello, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Monticello has an owner-occupancy rate of 83% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Monticello, 69% of homes are primarily heated with natural gas.
Piatt County's top FEMA-rated hazard is earthquake (Relatively Low), per FEMA's National Risk Index. Piatt County had 33 active NFIP flood policies as of September 2026. See the full Piatt County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $210,500 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Piatt County | 33 |
| 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)