Home Insurance in Spring Lake, Indiana
Homes in Spring Lake carry a median value of $169,400 - 38% lower than the Hancock 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 Spring Lake was built around 1955. About 69% of homes were built before 1960, about 51 points above Hancock County's 18%.
Housing in Spring Lake breaks down to 100% single-family homes.
About 37% of owner-occupied homes in Spring Lake have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 99% of occupied homes in Spring Lake are owner-occupied.
93% of homes in Spring Lake are primarily heated with natural gas.
FEMA rates Hancock County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Hancock County had 194 active NFIP flood policies as of September 2026. See the full Hancock County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Indiana carries a statewide average premium of $1,259 per year.
Key figures
| Median home value | $169,400 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 99% |
| Share of owner-occupied homes with a mortgage | 37% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Hancock County | 194 |
| 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)