Fort Wayne, IN Homeowners Insurance

How to find cheap home insurance in Fort Wayne


One of the most important aspects of homeownership is home insurance. Along with your personal property, homeowners insurance covers your dwelling against many perils, including wind damage, fire, and vandalism. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, a homeowners insurance policy is a solid investment.

What you pay for homeowners insurance depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Learn more information about what a home insurance policy covers.

Finding cheap home insurance in Fort Wayne starts with shopping around and comparing policies. Have a look at the summary below comparing average homeowners insurance rates in Fort Wayne to begin your home insurance search with as much info as you can. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Fort Wayne, Indiana, home insurance — table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Policy bundling discounts

Home insurance in Fort Wayne by insurance company

What you pay for homeowners insurance in Fort Wayne will depend on the insurance company you get your policy through. The most affordable home insurance in Fort Wayne is Allstate offering average annual rates at just $970 per year. This is considerably cheaper than the city’s average homeowners premium of $1,195.

Start your search for a home insurance policy by reviewing the cheapest companies in Fort Wayne, Indiana, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN FORT WAYNE
CompanyAverage Annual Rate
Allstate$970
Nationwide$1,058
Liberty$1,076
Erie$1,102
Farmers$1,134

Average homeowners insurance rates in Fort Wayne by coverage level

Your chosen level of homeowners coverage has an impact on the insurance premiums you pay . In Fort Wayne, carrying $200K dwelling coverage costs an average of $925, while carrying additional coverage up to $400K costs $1,492 per year.


HOMEOWNERS INSURANCE RATES IN FORT WAYNE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$626
$200,000 Dwelling$925
$250,000 Dwelling$1,055
$400,000 Dwelling$1,492

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Fort Wayne home insurance prices by ZIP code

Depending on which part of Fort Wayne you live in, you might see a big difference in your home insurance costs. One of the factors that insurers use when pricing your coverage is the number of claims filed in your surrounding area. As such, the location of your house can drastically affect your home insurance rates.

The cheapest home insurance rates in Fort Wayne are available in 46818. In 46818, the typical home insurance policy costs $1,155 per year — $40 less than the citywide average in Fort Wayne. Find the best places to live in Fort Wayne for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN FORT WAYNE
ZIP CodeAverage Annual Home Insurance Rate
46818$1,155
46845$1,158
46814$1,159

Other parts of Fort Wayne, however, have homeowners insurance costs that are higher on average. These parts of town could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in Fort Wayne is 46803, where the average annual rate is $1,255.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN FORT WAYNE
ZIP CodeAverage Annual Home Insurance Rate
46803$1,255
46802$1,216
46806$1,215

Homeowners insurance deductibles in Fort Wayne

Among the plethora of choices faced by homeowners when shopping for homeowners insurance is how high or low to set the 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 major factor in how much you pay for insurance.

In short, having a higher deductible leads to lower insurance rates. Therefore, it might make sense to set a higher deductible if you aim to lock in lower rates. Remember that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Below are some common deductible options offered by most home insurance companies along with corresponding average insurance costs.


HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE TIER IN FORT WAYNE
Deductible LevelAverage Annual Home Insurance Rate
$500$1,119
$1,000$1,055
$1,500$979
$2,000$937
$5,000$763

Looking for a money-saving tip for insurance in Fort Wayne? Try bundling

To save a little money, you might think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance can be a good money-saving option. By bundling your policies, Fort Wayne homeowners could see annual savings of 14% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN FORT WAYNE
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
Erie$612
GEICO$726
State Farm$735
American Family$804
Progressive$1,027

Bundling your homeowners and auto policies can be a great way to save some money on insurance.


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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.