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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

How to get affordable renters insurance in Indiana

Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. Renters insurance covers your items against fire, smoke damage, wind damage, vandalism or theft and an array of other events.

Unlike auto insurance, renters insurance isn't governed by state legislation. Regardless, there are relatively large variations in the cost of renters insurance by state. Renters insurance policy costs in a given state may vary based on the number and cost renters insurance claims filed across the state, and depend on the value of the belongings being insured.

Getting a renters policy in Indiana is less expensive than the nationwide average. The typical annual renters insurance rate in Indiana is $170, $14 less expensive than the average rate across all US states.

The easiest way to get an affordable renters insurance policy in Indiana is to shop around and compare rates from as many insurance companies as you can. Get an idea of typical renters insurance rates in Indiana by referencing the below tables. Remember: your rates will vary, depending on the value of your belongings and your coverage limits.

Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions

Renters insurance prices in Indiana by company

Prices for renters insurance in Indiana can vary depending on the insurer you select. Safeco provides the most affordable renters policies in Indiana, at just $108 per year. This compares favorably to Indiana's mean rate of $170, offering a 37% discount on the state's average rate.

Get a head start on looking for a renters policy by reviewing the most affordable Indiana renters insurance carriers, listed below.

Carrier Average Annual Rate in Indiana
Safeco $108
Hastings Mutual $108
State Farm $122
Cincinnati Insurance $131
Indiana Farm Bureau $131

Indiana renters insurance costs by city

Renters insurance rates in Indiana vary by city. Prices may depend on city-specific variables, such as the number of local claims filed, lending your ZIP code plenty of weight in deciding how much you pay.

The best renters insurance rates in Indiana are available in Noblesville. A typical renters insurance term in Noblesville totals just $160 annually — $48 less than the average policy in other Indiana cities. Reference the below table to see the cheapest cities in Indiana for renters insurance.

City Average Annual Renters Insurance Rate
Noblesville $160
Kokomo $161
Fishers $162
Carmel $163
Richmond $163

Looking for renters insurance information for a specific city? Check out our breakdown of the biggest metropolitan areas in Indiana.

  1. Fort Wayne
  2. Indianapolis


Renters insurance in IN by coverage tier

Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Indiana, the annual cost differential between these options is roughly $66. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage Level Average Annual Renters Insurance Rate in Indiana
$25K Property $137
$50K Property $203

Tip: bundle auto and renters insurance in Indiana

If you want to save on insurance, consider buying your renters and auto policies from the same insurance company. Bundling renters and auto insurance in Indiana can save you a substantial sum each month on car insurance. Bundling policies in Indiana leads to average annual savings of $98.

Avg. Annual Rate (No Bundle) Avg. Annual Rate (w/ Bundle) Annual Savings ($) Annual Savings (%)
$1,150 $1,052 $98 9%


Indiana renters insurance FAQs


Is renters insurance required in Indiana?

Renters insurance is not mandatory in the state of Indiana, but your landlord may require that you carry it as a part of your rental agreement.

What does Indiana renters insurance cover?

Because renters insurance is not state mandated, you have some flexibility with your coverage. Typically, a renters policy will include property coverage, liability insurance, additional living expenses, and medical payments to others.

Need a Renters Insurance Quote?

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.