Home Insurance in Tippecanoe County, Indiana
With a median home value of $239,300, Tippecanoe County is 10% higher than the Indiana median.
The typical home in Tippecanoe County was built around 1987. About 23% of homes were built before 1960, about 8 points below Indiana's 31%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Tippecanoe County breaks down to 62% single-family homes, 27% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
65% of owner-occupied homes in Tippecanoe County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 53% of occupied homes in Tippecanoe County are owner-occupied.
In Tippecanoe County, 54% of homes 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.
Per FEMA's National Risk Index, Tippecanoe County's top hazards are winter weather (Relatively High), hail (Relatively Moderate) and strong wind (Relatively High).
Tippecanoe County had 199 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $239,300 |
|---|---|
| Median year built | 1987 |
| Owner-occupied share | 53% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Hail (Relatively Moderate), Strong Wind (Relatively High) |
| Active NFIP flood policies (county) | 199 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)