Indiana Homeowners Insurance

Finding homeowners insurance shouldn't be confusing. Compare Indiana rates by city and company below.

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How to get cheap homeowners insurance in Indiana


Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. A home insurance policy defends your house and property in the event of a variety of circumstances, such as wind damage, fire, theft, vandalism, and others.

Unlike car insurance, homeowners policies aren’t governed by state legislation. That said, major differences exist in homeowners insurance costs on a state-by-state basis. Home insurance policy prices by state may differ based on the number and total value of home insurance claims filed in the state, and also on the value of the belongings and dwelling you're insuring.

The easiest way to acquire a cheap homeowners insurance policy in Indiana is to get quotes from as many homeowners insurance companies as you can. Get an idea of average home insurance rates in Indiana by reviewing the below data. Remember: your home insurance rates will vary, depending on your coverage limits.


Home insurance in Indiana:
  1. Homeowners rates by company
  2. Homeowners rates by city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Bundling home and auto insurance
  6. FAQs

Home insurance prices in Indiana by carrier

Homeowners insurance rates in Indiana will vary based on the insurance company you choose. Cincinnati Insurance provides the most affordable home insurance in Indiana, at only $932 annually. This compares favorably to the state's average cost of $1,395, providing a $463 price break on average policy costs statewide.

Get a head start on looking for cheap homeowners insurance by reviewing the cheapest Indiana home insurance carriers, listed below.


HOME INSURANCE RATES IN INDIANA: BY CARRIER
CarrierAverage 12-Month Rate in Indiana
Cincinnati Insurance$932
Indiana Farm Bureau$1,038
Farmers$1,158
Allstate$1,168
Safeco$1,217

Indiana homeowners insurance by city

Home insurance rates in Indiana vary depending on the city. Rates are determined based on on city-specific variables like the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.

The best home insurance rates in Indiana are in Elkhart. The average home insurance policy in Elkhart costs $1,186 every 12 months — $209 less than the average policy in other Indiana cities. The below table shows the best places to live in Indiana if you’re looking for cheap homeowners insurance.


CHEAPEST HOME INSURANCE CITIES IN INDIANA
CityAverage Annual Home Insurance Rate
Elkhart$1,186
Fort Wayne$1,195
Lafayette$1,200
Mishawaka$1,233
Kokomo$1,268

Average homeowners insurance rates in Indiana by coverage levels

The amount of homeowners coverage you select has an impact on your insurance premiums. Homeowners in Indiana who carry $100,000 of dwelling coverage pay an average of $711 per year, while those with dwelling coverage of $400,000 pay around $1,716 per year.


HOMEOWNERS INSURANCE RATES IN INDIANA — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$711
$200,000 Dwelling$1,038
$250,000 Dwelling$1,213
$400,000 Dwelling$1,716

Compare Homeowners Insurance Rates

Homeowners insurance deductibles in Indiana

Indiana homeowners have a lot of choices to make when shopping for a homeowners policy, including the amount of their deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Where you set your deductible can be a large factor in how much you pay for insurance.

On the whole, having a lower deductible means that your insurance premiums will be higher. As such, if you want lower insurance rates, aim for a higher deductible. It's worth remembering that your deductible should only be as high as you can reasonably pay if you actually suffer a loss.

The following table reveals the average rates associated with deductibles offered by most home insurers.


HOME INSURANCE RATES BY DEDUCTIBLE TIER IN INDIANA
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,289
$1,000$1,213
$1,500$1,122
$2,000$1,072
$5,000$872

How to bundle home and auto insurance in Indiana

If you want to save on insurance, consider holding your car and homeowners policies with the same insurance company. Bundling auto and homeowners insurance in Indiana can save you a substantial sum each month on your auto insurance bill. Bundling home and auto policies in Indiana leads to average annual savings of $147.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN INDIANA
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle Savings% Savings with Bundle
$1,136$989$14715%

A great way to save is to bundle your home and auto insurance policies. Find a policy today!


Seeking insights on homeowners insurance in a specific city? Check out our analysis of populous Indiana cities:

  1. Fort Wayne
  2. Indianapolis

Indiana homeowners insurance FAQs


Does GEICO offer home insurance in Indiana?

GEICo currently does offer home insurance in Indiana via a subsidiary.

Will homeowners insurance cover a pitbull in Indiana?

This will vary by company. Some will not insure your dog purely because of the risk they associate with its breed. Others will limit your liability coverage.

Is home insurance required in Indiana?

While state laws will not require home insurance, your mortgage or lender will require you to insure your home.



Ava Lynch LinkedIn

Based in Austin, TX, Ava has been in the insurance industry as a licensed agent for 4-plus years. Ava is currently one of The Zebra’s resident property insurance experts and has been featured in publications such as US News Report, GasBuddy, and Yahoo! Finance.