Home Insurance in Monterey, Indiana
With a median home value of $82,500, Monterey is 47% lower than the Pulaski County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Monterey was built around 1978. About 34% of homes were built before 1960, about 7 points below Pulaski County's 41%.
The housing stock in Monterey is 53% single-family homes and 47% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Monterey, about 38% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Monterey has an owner-occupancy rate of 40% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
88% of homes in Monterey are primarily heated with natural gas.
Pulaski County's top FEMA-rated hazard is hail (Relatively Low), per FEMA's National Risk Index. Pulaski County had 60 active NFIP flood policies as of September 2026. See the full Pulaski 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 | $82,500 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 40% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Pulaski County | 60 |
| 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)