Home Insurance in Hamilton, Indiana
Homes in Hamilton carry a median value of $298,200 - 38% higher than the Steuben County median.
The typical home in Hamilton was built around 1976. About 32% of homes were built before 1960, about 4 points above Steuben County's 28%. 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 Hamilton is 74% single-family homes, 4% apartments in buildings with 5+ units and 17% mobile or manufactured homes.
In Hamilton, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Hamilton has an owner-occupancy rate of 71% and a vacancy rate of 35%; unoccupied homes typically need a different coverage form.
Most homes in Hamilton - 74% - are primarily heated with natural gas.
What's the biggest home insurance risk near Hamilton? FEMA's National Risk Index points to hail (Relatively Low) in Steuben County and Steuben County had 107 active NFIP flood policies as of September 2026. See the full Steuben 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 | $298,200 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Steuben County | 107 |
| 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)