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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.

KEY TAKEAWAYS
  • Condo owners in Indiana pay an average of $576 per year or $48 per month in condo(HO6) insurance.
  • Allstate is the cheapest condo insurance company in Indiana at only $259 per year.

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:

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
American Family831A
Allstate829A+
Farmers813A
Nationwide812A+
Travelers800A++

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.

Average annual premiumAverage monthly premium
$515$43

CONDO INSURANCE CALCULATOR

Average condo insurance rates in INDIANA

$60,000
$1,000
$100,000
46402 - Gary
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $746

HIGHEST RATE: $2,244 LOWEST RATE: $243

Most & least expensive zip codes for condo insurance in Indiana

Most Expensive

Zip CodeCityHighest Rate
46404Gary$751
46407Gary$750
46402Gary$746
46409Gary$745

Least Expensive

Zip CodeCityLowest Rate
46988Twelve Mile$534
46979Russiaville$539
47920Battle Ground$540
46068Sharpsville$541

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.

CompanyAverage annual premium
Allstate$259
Depositors$333
Travelers$353
State Farm$358
Travco$361
American Family$464
Nationwide$465
United$514
USAA$544
Farmers$693
Property Owners$736
Garrison$762

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