Home Insurance in Truman, Minnesota
Homes in Truman carry a median value of $106,400 - 35% lower than the Martin County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Truman was built around 1955. About 60% of homes were built before 1960, about 10 points above Martin County's 50%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Truman is 83% single-family homes, 10% apartments in buildings with 5+ units and 6% mobile or manufactured homes.
In Truman, about 57% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Truman are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Truman, 87% of homes are primarily heated with natural gas.
Martin County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Martin County has no active NFIP flood policies on file. See the full Martin 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 Minnesota carries a statewide average premium of $1,988 per year.
Key figures
| Median home value | $106,400 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Winter Weather (Relatively High) |
| Home insurance premium | $1,988 - 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)