Home Insurance in Montgomery, Indiana
Homes in Montgomery carry a median value of $227,800 - 16% higher than the Daviess County median.
The typical home in Montgomery was built around 1982. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 27% of homes were built before 1960, about 8 points below Daviess County's 35%.
Housing in Montgomery breaks down to 96% single-family homes and 2% mobile or manufactured homes.
About 53% of owner-occupied homes in Montgomery have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Montgomery has an owner-occupancy rate of 85% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
75% of homes in Montgomery are primarily heated with natural gas.
FEMA rates Daviess County's overall risk as Relatively Low, led by earthquake (Relatively Low). Daviess County had 15 active NFIP flood policies as of September 2026. See the full Daviess County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Indiana, the statewide average premium for a standard HO-3 homeowners policy is $1,259 per year (NAIC, 2023 data).
Key figures
| Median home value | $227,800 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Daviess County | 15 |
| 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)