Home Insurance in Lewisville, Minnesota
The median home value in Lewisville is $63,900, 61% lower than the Watonwan County median.
The typical home in Lewisville was built around 1945. About 78% of homes were built before 1960, about 30 points above Watonwan County's 48%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Lewisville, the housing stock is 97% single-family homes and 3% mobile or manufactured homes.
About 42% of owner-occupied homes in Lewisville have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 95% of occupied homes in Lewisville are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Lewisville - 93% - 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.
What's the biggest home insurance risk near Lewisville? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Watonwan County and Watonwan County had 4 active NFIP flood policies as of September 2026. See the full Watonwan County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $63,900 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Watonwan County | 4 |
| 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)