Home Insurance in Monrovia, Indiana
With a median home value of $233,200, Monrovia is close to the Morgan County median.
The typical home in Monrovia was built around 2007. About 13% of homes were built before 1960, about 12 points below Morgan County's 25%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Monrovia, the housing stock is 99% single-family homes and 1% apartments in buildings with 5+ units.
About 84% of owner-occupied homes in Monrovia have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Monrovia has an owner-occupancy rate of 89% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
61% of homes in Monrovia are primarily heated with electricity.
Morgan County had 269 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Morgan 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 | $233,200 |
|---|---|
| Median year built | 2007 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 84% |
| 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)