Home Insurance in Craig, Nebraska
Homes in Craig carry a median value of $56,900 - 61% lower than the Burt County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Craig was built in 1939 or earlier. About 87% of homes were built before 1960, about 33 points above Burt County's 54%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Craig is 91% single-family homes and 9% mobile or manufactured homes.
In Craig, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Craig has an owner-occupancy rate of 92% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
Most homes in Craig - 67% - are primarily heated with natural gas. Homes heated with wood 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 Craig? FEMA's National Risk Index points to hail (Relatively Moderate) in Burt County and Burt County had 30 active NFIP flood policies as of September 2026. See the full Burt 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 Nebraska carries a statewide average premium of $2,142 per year.
Key figures
| Median home value | $56,900 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Burt County | 30 |
| Home insurance premium | $2,142 - 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)