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Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
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Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Table of contents
The average cost of home insurance in Indiana is $167 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. In comparison, the national average rate is $212 per month for the same coverage.
Having homeowners insurance is critical in Indiana, which has seen an uptick in extreme weather events in recent years. Tornadoes increased in frequency by 38% in Indiana over the past two decades.[1]
Here’s what to know about comparing homeowners insurance policies to find the best coverage in Indiana.
The best home insurance companies in Indiana include Allstate, American Family, and Farmers.
Home insurance costs $2,004 per year in Indiana for a $300,000 dwelling coverage policy, on average.
Indiana is also prone to flooding, and standard home insurance policies don’t cover flood damage. You may want to add a flood policy to your coverage if you live in a high-risk area.
Best home insurance companies in Indiana
Many reputable home insurance companies serve homeowners in Indiana. But every home insurer offers different types of coverages, discounts, and rates. The best homeowners insurance company for you will depend on your unique situation and coverage needs.
Here are our picks for the best home insurance companies in Indiana. Keep them in mind as you begin your search for home insurance.
Allstate: Best for cheap rates
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $58/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $78/mo |
Allstate has some of the lowest home insurance premiums in Indiana, along with a variety of discounts. You may save money on your premium if you recently purchased a home, own a newly built home, or pay for your policy in full and install an alarm system.
The home insurer also offers several add-ons to help you customize your policy. Additional coverages include identity theft restoration, water backup, green improvements, business property, extended limits for sports equipment and musical instruments, and more.
Very competitive rates
Many available add-ons
Many home insurance discounts
Below-average J.D. Power customer satisfaction rating
Low rating and negative reviews on Trustpilot
Many customer complaints with the National Association of Insurance Commissioners (NAIC)
American Family: Best for add-ons
add-ons
American Family
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.6/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $92/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $125/mo |
American Family advertises more than a dozen add-ons, such as coverage for flash floods, equipment breakdown, home rentals, credit monitoring, and more. These options help fine-tune your policy depending on your needs.
The company also offers affordable premiums to Indiana homeowners, receives stellar feedback on Trustpilot, and has solid ratings on the J.D. Power U.S. Home Insurance Study.
Many optional add-ons
Affordable home insurance premiums
Excellent third-party ratings
Restrictions on liability coverage for owners of certain dog breeds
Fewer homeowners insurance discounts than competitors
Below-average J.D. Power claims satisfaction rating
Farmers: Best for green homes
green homes
Farmers
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $123/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $212/mo |
Sustainability is increasingly popular in Indiana, with more homeowners choosing energy-smart appliances and fixtures, solar power, sustainable building materials, and other energy-efficient features.
If you live in an eco-friendly property, Farmers might be a good fit. Farmers offers a discount for homes with certifications from the Leadership in Energy and Environmental Design (LEED), Energy Star, and the Environmental Protection Agency (EPA). You can also get more traditional discounts like those for bundling your home and auto policies, adding security features, or if you live in a newly built home.
Discounts for homes with energy-efficient features
Quotes available online
Many local agents
Low Trustpilot rating
Below-average J.D. Power customer satisfaction rating
Below-average J.D. Power claims satisfaction rating
Westfield: Best for high-value homes
high-value homes
Westfield
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | NR |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $129/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $179/mo |
With the growing number of luxury homes, it’s important to find coverage that keeps pace with higher dwelling limits.
Westfield offers low premiums for high-value homes, plus a special bundling option to help insure all your valuables. For example, with the WesPak Estate policy, you can bundle home and auto policies and add home equipment breakdown, cyber coverage, and more.
Competitive rates for high-value homes
Many available add-ons
Local agents in Indiana
Fewer discounts than some competitors
Low score with the Better Business Bureau (BBB)
Quotes not available online
Travelers: Best for private flood insurance
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $116/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $183/mo |
Travelers partners with Neptune Flood to offer private flood insurance, which could be a good fit if you need higher coverage limits and customizable policies. Travelers also offers cheap home insurance rates in Indiana as well as discounts, making it a solid pick if you’re on a budget and want to buy flood and home insurance from the same place.
Private flood insurance
Cheap rates
Many available discounts
Must qualify for flood insurance based on claims history and other factors
Below-average J.D. Power claims satisfaction rating
Below-average J.D. Power customer satisfaction rating
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in Indiana to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Indiana
Whether your home is located in Evansville, South Bend, or somewhere in between, the cheapest home insurance company in Indiana is Allstate, according to Insurify data. Its monthly premium averages $58 for a policy with $300,000 in dwelling coverage.
In the table below, you can see other cheap home insurance companies in Indiana.
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $696 |
| American Family | $1,104 |
| Travelers | $1,392 |
| Farmers | $1,476 |
| USAA | $1,476 |
| Westfield | $1,548 |
| Foremost | $1,860 |
| State Farm | $2,016 |
| Encompass | $2,148 |
| Nationwide | $2,796 |
| Auto-Owners | $3,060 |
| Erie | $3,240 |
| Allied | $4,524 |
Find Cheap Home Insurance in Indiana
Check quotes from 120+ top insurance companies
How much does homeowners insurance cost in Indiana?
The average cost of homeowners insurance for $300,000 in dwelling coverage is $2,004 per year in Indiana, according to Insurify data. The national average for the same amount of coverage is $2,544 per year.
While homeowners insurance coverage is less expensive in Indiana compared to the national average, it remains elevated due to risks in the region. Indiana is prone to flooding, tornadoes, and severe storms. Other factors can also affect how much you pay for coverage, including local weather risks, the home’s age, loss history, and size.[2]
Cheapest home insurance companies in Indiana by dwelling coverage
Dwelling coverage pays to repair or replace the structure of your home if a covered peril damages it. Choosing higher dwelling coverage limits generally increases your home insurance premiums.[3]
Below, you can see how the coverage limit you select affects how much you’ll pay for home insurance coverage in Indiana.
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $600 |
| American Family | $864 |
| Farmers | $984 |
| Travelers | $1,044 |
| USAA | $1,140 |
| Foremost | $1,224 |
| Westfield | $1,368 |
| State Farm | $1,608 |
| Encompass | $1,668 |
| Nationwide | $2,124 |
| Erie | $2,220 |
| Auto-Owners | $2,256 |
| Allied | $3,180 |
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Monthly Premium |
|---|---|
| Allstate | $696 |
| American Family | $1,104 |
| Travelers | $1,392 |
| Farmers | $1,476 |
| USAA | $1,476 |
| Westfield | $1,548 |
| Foremost | $1,860 |
| State Farm | $2,016 |
| Encompass | $2,148 |
| Nationwide | $2,796 |
| Auto-Owners | $3,060 |
| Erie | $3,240 |
| Allied | $4,524 |
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Monthly Premium |
|---|---|
| Allstate | $936 |
| American Family | $1,500 |
| USAA | $2,136 |
| Westfield | $2,148 |
| Travelers | $2,196 |
| Farmers | $2,544 |
| State Farm | $2,820 |
| Encompass | $2,964 |
| Foremost | $3,432 |
| Nationwide | $3,888 |
| Auto-Owners | $4,680 |
| Erie | $4,800 |
| Allied | $6,912 |
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Insurance Company | Average Monthly Premium |
|---|---|
| Allstate | $1,284 |
| American Family | $2,052 |
| USAA | $2,916 |
| Travelers | $2,976 |
| Westfield | $3,036 |
| Farmers | $3,672 |
| State Farm | $3,744 |
| Encompass | $3,936 |
| Nationwide | $5,160 |
| Foremost | $5,844 |
| Erie | $6,804 |
| Auto-Owners | $6,864 |
| Allied | $9,972 |
Indiana homeowners insurance cost by city
Your location, even down to the ZIP code, can affect your premiums. For example, Fort Wayne has lower average homeowners insurance rates than Indianapolis.
Insurers consider several factors when setting prices, including an area’s exposure to flooding, tornadoes, and severe weather, as well as local crime rates and proximity to fire stations. Below is a comparison of the average annual home insurance premiums in some major Indiana cities.
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Chartered financial analyst
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Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| Fort Wayne | $1,704 |
| Chicago | $1,932 |
| Indianapolis | $2,112 |
What homeowners should know about insurance in Indiana
Living in Indiana means you need to consider risks associated with the following perils:
Severe storms
Indiana has an increased risk of severe storms, including tornadoes, floods, hailstorms, and more. Homeowners in states with more extreme weather tend to face higher insurance costs. Insurers charge higher premiums in areas more likely to suffer catastrophic losses, since it puts insurers at greater risk of taking a massive financial hit.
Tornadoes
The high-risk area known as Tornado Alley is shifting eastward, bringing more twisters to the Southeast and Midwest. That includes Indiana, where these storms increased by a staggering 369% between 2022 and 2024 alone. If you own a home in Indiana, comparing home insurance rates from several companies can help you find affordable coverage.
Flooding
With Indiana’s heavy rainfall and large network of rivers, tributaries, and wetlands, many homes are at substantial risk of flooding. But only 1% of the state’s 2.5 million households carry flood insurance, leaving homeowners exposed to this risk.[4]
While a standard home insurance policy doesn’t cover flooding, you can find coverage through the federal National Flood Insurance Program (NFIP) or some private insurers.
How much homeowners insurance do you need in Indiana?
Indiana doesn’t legally require you to carry home insurance. But if you take out a mortgage on the property, your lender will likely require you to have a home insurance policy as a condition of the loan. Home insurance protects the lender’s investment and ensures you’re financially covered after a theft, fire, or natural disaster like a windstorm.
It’s always important to understand what a home insurance policy covers before buying one. This will help you ensure you have proper protection. Standard policies protect the structure of your home and your personal belongings, provide liability coverage, and pay for additional living expenses if a covered loss displaces you.
You’ll typically want enough coverage to rebuild or repair your home in case of damage and to replace any personal property affected. To get a rough estimate on the amount of dwelling coverage you’ll need, multiply the square footage of your home by the local building costs. You can find out that number from a local real estate agent or building association.
Creating a home inventory can help you determine how much coverage you need for your personal belongings.
Compare Indiana Home Insurance Quotes
Insurify partners with top insurers for real-time quotes
How to contact the Indiana Department of Insurance
The Indiana Department of Insurance oversees the state’s insurance industry. Its role is to protect homeowners while ensuring insurers operate fairly and remain financially sound. The agency does this by regulating insurance companies, handling consumer complaints and questions, reviewing policies and rates, and educating the public.
You can visit the IDOI website to learn more about its consumer services and get help. If you have any questions, you can call 1 (800) 622-4461 or email [email protected].
Indiana homeowners insurance FAQs
If you have more questions about Indiana home insurance, these answers may help.
How much is home insurance in Indiana?
The average cost of home insurance in Indiana is $167 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. The home’s condition, size, age, location, and claims history can all affect the cost of your premium.
Which company has the cheapest homeowners insurance in Indiana?
Allstate offers the cheapest home insurance rates in Indiana, at $58 per year, on average.
Does Indiana require homeowners insurance?
No. Indiana doesn’t require home insurance. But if you have a mortgage, your lender likely will require you to carry home insurance.
How can you lower your home insurance premiums in Indiana?
Shopping around, comparing multiple quotes, raising your deductible, and bundling your homeowners policy with auto insurance are just some of the ways to lower your home insurance premiums.[3]
What is the best homeowners insurance company in Indiana?
Allstate, American Family, and Farmers are some of the best homeowners insurance companies in Indiana. But the right choice for you may vary depending on your needs, so it’s worth looking at multiple companies.
How much is insurance on a $400,000 house?
In Indiana, a home insurance policy with $400,000 in dwelling coverage costs $2,520 per year, on average.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- IndyStar. "Tornado Archive."
- Wildfires and Insurance: Learn How to Prepare Financially. "Triple-I Blog."
- III. "12 Ways to Lower Your Homeowners Insurance Costs."
- In.gov. "Flood Insurance: Home."
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Kim Porter is a writer and editor who's been creating personal finance content since 2010. Before transitioning to full-time freelance writing in 2018, Kim was the chief copy editor at Bankrate, a managing editor at Macmillan, and co-author of the personal finance book "Future Millionaires' Guidebook."
Her work has appeared in AARP's print magazine and on sites such as U.S. News & World Report, Fortune, NextAdvisor, Credit Karma, and more. Kim loves to bake and exercise in her free time, and she plans to run a half marathon on each continent.
Since joining Insurify’s freelance team in October 2022, Kim has written hundreds of insurance articles, helping readers feel confident about their home, auto, travel, and pet insurance choices.
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Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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