Home Insurance in Brazil, Indiana
With a median home value of $113,900, Brazil is 26% lower than the Clay County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Brazil was built around 1962. About 49% of homes were built before 1960, about 11 points above Clay County's 38%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Brazil is 80% single-family homes, 9% apartments in buildings with 5+ units and 8% mobile or manufactured homes.
63% of owner-occupied homes in Brazil carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Brazil has an owner-occupancy rate of 73% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
In Brazil, 56% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Brazil? FEMA's National Risk Index points to earthquake (Relatively Low) in Clay County and Clay County had 34 active NFIP flood policies as of September 2026. See the full Clay County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Indiana is $1,259 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $113,900 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Clay County | 34 |
| Home insurance premium | $1,259 - 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)