Home Insurance in New Canton, Illinois
With a median home value of $83,900, New Canton is 17% lower than the Pike County median.
The typical home in New Canton was built around 1956. About 51% of homes were built before 1960, about 2 points above Pike County's 49%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In New Canton, the housing stock is 85% single-family homes and 8% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
46% of owner-occupied homes in New Canton carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
New Canton has an owner-occupancy rate of 71% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
Most homes in New Canton - 85% - are primarily heated with natural gas.
What's the biggest home insurance risk near New Canton? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Pike County and Pike County had 116 active NFIP flood policies as of September 2026. See the full Pike 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 | $83,900 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 46% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Pike County | 116 |
| 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)