Home Insurance in Evansville, Indiana
With a median home value of $143,100, Evansville is 22% lower than the Vanderburgh County median.
The typical home in Evansville was built around 1961. About 49% of homes were built before 1960, about 8 points above Vanderburgh County's 41%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Evansville breaks down to 67% single-family homes, 22% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
63% of owner-occupied homes in Evansville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Evansville has an owner-occupancy rate of 55% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
Most homes in Evansville - 58% - are primarily heated with natural gas.
Vanderburgh County had 597 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is earthquake (Relatively Moderate). See the full Vanderburgh County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners 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 | $143,100 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Vanderburgh County | 597 |
| 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)