Home Insurance in Universal, Indiana
Homes in Universal carry a median value of $64,300 - 43% lower than the Vermillion County median.
The typical home in Universal was built around 1949. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 61% of homes were built before 1960, about 12 points above Vermillion County's 49%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Universal is 91% single-family homes and 9% mobile or manufactured homes.
57% of owner-occupied homes in Universal carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Universal has an owner-occupancy rate of 81% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
In Universal, 78% of homes are primarily heated with natural gas.
Vermillion County's top FEMA-rated hazard is earthquake (Relatively Low), per FEMA's National Risk Index. Vermillion County had 50 active NFIP flood policies as of September 2026. See the full Vermillion County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Indiana, the statewide average premium for a standard HO-3 homeowners policy is $1,259 per year (NAIC, 2023 data).
Key figures
| Median home value | $64,300 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Vermillion County | 50 |
| 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)