Home Insurance in Morgantown, Indiana
Homes in Morgantown carry a median value of $133,600 - 44% lower than the Morgan County median.
The typical home in Morgantown was built around 1952. About 62% of homes were built before 1960, about 37 points above Morgan County's 25%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Morgantown is 84% single-family homes, 6% apartments in buildings with 5+ units and 6% mobile or manufactured homes.
About 70% of owner-occupied homes in Morgantown have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 74% of occupied homes in Morgantown are owner-occupied.
70% of homes in Morgantown are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Morgan County's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. 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.
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 | $133,600 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 70% |
| 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)