Home Insurance in Crane, Indiana
Homes in Crane carry a median value of $103,600 - 35% lower than the Martin County median.
The typical home in Crane was built around 1955. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 61% of homes were built before 1960, about 36 points above Martin County's 25%.
In Crane, the housing stock is 68% single-family homes and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 32% of owner-occupied homes in Crane have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 25% of occupied homes in Crane are owner-occupied.
Most homes in Crane - 92% - are primarily heated with natural gas.
What's the biggest home insurance risk near Crane? FEMA's National Risk Index points to earthquake (Very Low) in Martin County and Martin County had 13 active NFIP flood policies as of September 2026. See the full Martin County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $103,600 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 25% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Earthquake (Very Low) |
| Active NFIP policies in Martin County | 13 |
| 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)