Home Insurance in Gas City, Indiana
The median home value in Gas City is $119,300, close to the Grant County median.
The typical home in Gas City was built around 1965. About 42% of homes were built before 1960, about 4 points below Grant County's 45%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Gas City breaks down to 87% single-family homes and 5% apartments in buildings with 5+ units.
69% of owner-occupied homes in Gas City carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Gas City has an owner-occupancy rate of 72% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Gas City, 62% of homes are primarily heated with natural gas.
FEMA rates Grant County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Grant County had 76 active NFIP flood policies as of September 2026. See the full Grant 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 Indiana is $1,259 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $119,300 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Grant County | 76 |
| 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)