Home Insurance in Lawrence, Indiana
With a median home value of $230,100, Lawrence is close to the Marion County median.
The typical home in Lawrence was built around 1992. About 16% of homes were built before 1960, about 17 points below Marion County's 33%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Lawrence is 68% single-family homes, 18% apartments in buildings with 5+ units and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Lawrence, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lawrence has an owner-occupancy rate of 66% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Lawrence, 50% of homes are primarily heated with natural gas.
Marion County had 2,381 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). See the full Marion 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 | $230,100 |
|---|---|
| Median year built | 1992 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Marion County | 2,381 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Nearby towns
- McCordsville
- Cumberland
- Warren Park
- Fishers
- Fortville
- Williams Creek
- Meridian Hills
- North Crows Nest
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)