Home Insurance in Bethany, Indiana
The median home value in Bethany is $210,700, 11% lower than the Morgan County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Bethany was built in 1939 or earlier. About 74% of homes were built before 1960, about 49 points above Morgan County's 25%.
The housing stock in Bethany is 100% single-family homes.
In Bethany, about 59% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 22%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 81% of occupied homes in Bethany are owner-occupied.
Most homes in Bethany - 67% - are primarily heated with natural gas.
What's the biggest home insurance risk near Bethany? FEMA's National Risk Index points to strong wind (Relatively High) in Morgan County and Morgan County had 269 active NFIP flood policies as of September 2026. See the full Morgan 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 | $210,700 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Morgan County | 269 |
| 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)