Home Insurance in Petersburg, Indiana
The median home value in Petersburg is $122,000, 21% lower than the Pike County median.
The typical home in Petersburg was built around 1955. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 55% of homes were built before 1960, about 16 points above Pike County's 39%.
Housing in Petersburg breaks down to 79% single-family homes, 13% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
59% of owner-occupied homes in Petersburg carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Petersburg has an owner-occupancy rate of 73% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
In Petersburg, 69% of homes are primarily heated with natural gas.
Pike County had 8 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is earthquake (Relatively Low). See the full Pike County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $122,000 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Pike County | 8 |
| 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)