Home Insurance in Summitville, Indiana
With a median home value of $101,600, Summitville is 37% lower than the Madison County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Summitville was built around 1958. About 52% of homes were built before 1960, about 10 points above Madison County's 42%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Summitville is 67% single-family homes, 11% apartments in buildings with 5+ units and 15% mobile or manufactured homes.
43% of owner-occupied homes in Summitville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Summitville has an owner-occupancy rate of 71% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in Summitville - 72% - are primarily heated with natural gas.
FEMA rates Madison County's overall risk as Relatively Low, led by strong wind (Relatively High). Madison County had 219 active NFIP flood policies as of September 2026. See the full Madison County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $101,600 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Madison County | 219 |
| 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)