Morgantown, IN Home Insurance Quotes!

Are you looking for affordable homeowners insurance in Morgantown, IN? Although price is a common factor for homeowners when it comes to shopping for a new homeowners insurance policy, the most important is dependable coverage and protection for your home and family. If you want to save money on your insurance try applying the following home insurance discounts when comparing rates, you may realize that there are additional discounts available other than smoke detectors, burglar alarm (security), and deadbolts. All of these possible discount items can help you save more money on your home insurance policy. Call 1-855-976-2656 or get a quote online and let our local Morgantown home insurance agent help you today!

Top 5 Important Coverage Details

Many homeowners in Indiana are not sure what is covered under a standard homeowners insurance policy. Here are the top 5 most important coverage details that you need.

Wind and Hail - high winds and hail damage account for the majority of claims every year.
Fire and Lightning - home fires or weather related claims due to thunderstorms
Water Damage and Freezing Temperatures - plumbing issues or harsh cold winters
Theft
Bodily Injury

When shopping and comparing home insurance rates online, it's also very important to have all your questions answered. Which is why our quoting service provides the highest quality in customer care and free insurance consulting services. We want to help you save money, but also help you find the protect you need for your home in Morgantown, IN.

Home Insurance Rates in Morgantown

Finding lower or more affordable homeowners insurance rates in Morgantown is now much easier for local residents thanks to GetHomeInsuranceQuotes.com. Many homeowners often ask how their current premium ranks compared to other customers. You can now be the judge by comparing what you currently pay to average local rates, for example, the average rate in Morgantown is around $803 per year. Most rates vary based on replacement cost, so smaller homes less than 1700 square feet in Morgantown pay a lower rate around $553 per year. But most homeowners nearby pay around $67 per month for standard homeowners insurance coverage. It's important to know that these average homeowners insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. Please understand that a basic homeowners insurance policy does not include flood, wind/hail or even earthquake insurance.

The best homeowners insurance coverage includes an affordable rate with outstanding coverage. At GetHomeInsuranceQuotes.com, our licensed agents can provide up to 12 home insurance estimates for you to review. And our free consulting service allows us to answer any questions that you may have about which policy is best for your family and home located in Morgantown.

Morgantown, IN Demographics & Housing Data

Location of Morgantown, IN (MORGAN County)

Total Population: 19,263
Occupied Residents: 7,236
Average Price of a Home Per Zip Code: $165,100

Compare Homeowners Insurance Rates in Morgantown, IN!

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Average Rates Nearby Morgantown

Are you looking for homeowners insurance in a city near Morgantown? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Morgantown, IN

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Morgantown.

46160,

Morgantown, IN Home Insurance Average Premiums

Local Morgantown, IN home insurance quotes comparison

$553 /yr.

Shows Morgantown's lowest average rates with discounts applied.

For the city of Morgantown, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$553 /yr.
Average Coverage:	$803 /yr.
2600 sq. ft. or higher (all discounts applied)	$1103 /yr.

What is the average home insurance cost for a home in Morgantown, IN?

• The average homeowners insurance premium paid annually for a home in Morgantown is around $803 per year.

What does it cost on average per month for home insurance in Morgantown, IN?

• Homeowners in Morgantown pay an average cost per month around $67.00 for insurance coverage.

Morgantown, IN - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$281,444	$254,638
February	$282,240	$260,925
March	$285,507	$268,858
April	$289,417	$276,639

Homeowners insurance will help cover the cost to repair or replace your Morgantown home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Morgantown
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Morgantown, IN homeowners insurance rates all in one place!

Saving Money Tips on Morgantown Home Insurance

A great way to save money on Morgantown homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Morgantown area? Check out what homeowners are paying on average for Indiana homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
651 ft.	This is the average home elevation in Morgantown, IN	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Indiana flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Morgantown, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Morgan County.

Indiana Homeowners Insurance News & Information

Upgrading Your Home Against Disasters Can Help Save You Money On Your Insurance Posted on Thursday 26th June, 2025
Ron Watson’s roof on his Alabama home looks the same as all his neighbors’ roofs. Yet his is saving him money every year. With the help of nails specifically designed to stay in place during high winds, along with other construction elements, Watson’s roof is less likely to be damaged in natural disasters, like hurricane […]
Should I consider climate changes when buying a new home? Posted on Saturday 21st June, 2025
Climate change is on our doorstep, so now more than ever, it’s essential to consider the local climate when buying a new home. Not only is the current climate important, but experts suggest homeowners look towards the future. How will the next 10, 20 or 30 years impact your new purchase? The increasing frequency of […]
How to Prepare Before Hurricanes Threaten Florida Posted on Monday 19th May, 2025
Hurricane season is quickly approaching and one of the most important things to do before a storm hits is to make sure your insurance coverage is up to date and your coverage levels are sufficient in the event your home is damaged by severe weather. Regardless of whether you own a home or are renting, […]
New Home Insurance Company Launches in Florida, Shows Signs of Improvement Posted on Tuesday 13th May, 2025
According to Office of Insurance Regulation and leaders in the industry, Florida may finally be emerging from the insurance crisis that it has suffered through for the last decade. Insurance companies operating in the state are starting to stabilize rates and new insurance companies are entering the Florida market. Recently, the Office of Insurance Regulation […]
Higher Premiums and Claim Handling Causes Poor Customer Satisfaction for Insurance Companies Posted on Friday 9th May, 2025
According to the recently released J.D. Power’s 2025 U.S. Property Claims Satisfaction Study, higher premiums and longer wait time for claim handling are making property owners less satisfied with their homeowners coverage. “Customers are, in essence, paying higher prices for slower service,” said Mark Garrett, director of insurance intelligence at J.D. Power in a press release. […]

Morgantown, IN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Morgantown so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Morgantown, IN?

- The average square footage in Morgantown is around 1,529 Sq. Ft. which would cost you around $165,100 to replace the home if you base the home on the price to build per square foot of $108.

Minimum Replacement Cost Total: $165,100

Location: Morgantown, Indiana (Morgan County)

Average Building Cost Per Square Foot in Morgantown: $108 (low end)

Average Square Footage in Morgantown: 1,529 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$108	$165,100
Some Additional Upgrades	$135	$206,375
Major Home Updates or Advancements	$162	$247,650

Calculate Your Morgantown, IN Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($108) in Morgantown, Indiana times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $337,500 (Media price to build of $135 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.