Best Condo insurance in Indiana

If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in Indiana, then this guide is for you. You'll find the list of best condo insurance companies for Indiana homeowners and their average annual rates. You can use this guide to make informed insurance decisions.

Best condo insurance companies in Indiana

In Indiana, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Indiana. Below are the best condo insurance companies in Indiana based on Insurance.com's analysis.

• USAA
• State Farm
• American Family
• Allstate
• Farmers

Compare best condo insurance companies in Indiana

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable home insurance in Indiana. Based on the analysis by Insurance.com, USAA tops the list of best condo insurance companies in Indiana. It has earned 882 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer. Although, USAA offers condo insurance only for members of the military and their families.

State Farm is another option after USAA for condo insurance, it received 835 scores from J.D. Power and an A++ rating from AM Best. Here is a comparison of some of the best condo insurance companies in Indiana:

Average cost of condo insurance in Indiana

The average cost of condo homeowners insurance in Indiana is $515 a year or $43 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

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CONDO INSURANCE CALCULATOR

Average condo insurance rates in INDIANA

Zip

Personal Property Coverage Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000$60,000$80,000$100,000 $60,000

Deductible Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000 $1,000

Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000$300,000 $100,000

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46402 - Gary

Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $762

HIGHEST RATE: $2,249 LOWEST RATE: $178

Most & least expensive zip codes for condo insurance in Indiana

Most Expensive

Zip Code	City	Highest Rate
46236	Indianapolis	$843
46222	Indianapolis	$825
46201	Indianapolis	$823
46202	Indianapolis	$821

Least Expensive

Zip Code	City	Lowest Rate
46769	Linn Grove	$609
47654	Mackey	$612
47683	Somerville	$612
47545	Ireland	$615

• Methodology ×

  Insurance.com commissioned Quadrant Information Systems to provide condo insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes dwelling coverage of $50,000, medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

  METHODOLOGY +

Condo insurance rates by companies in Indiana

The rates for condo insurance by companies in Indiana vary greatly. It is important to shop around and compare quotes to find affordable premiums. To find the best insurance company in Indiana, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Indiana have different insurance rates for condo insurance, and Allstate, Depositors, Travelers, and State Farm are the cheapest condo insurance companies for Indiana residents.