- Best condo insurance companies in Indiana
- How much does condo insurance cost in Indiana?
- Condo insurance rates in Indiana by company and coverage level
- Condo insurance rates by company in Indiana
- Compare condo insurance rates by city in Indiana
- Methodology
- Compare Indiana condo insurance rates with other states
Best condo insurance companies in Indiana
Based on our analysis, Indiana Farmers is the best condo insurance company in Indiana among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Indiana, based on our research.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Indiana Farmers | $291 | A | 0.31 | |
| Travelers | $977 | A++ | 0.54 | |
| Erie Insurance | $541 | A+ | 0.38 | |
| American Family | $576 | A | 0.37 | |
| Auto-Owners | $709 | A++ | 0.33 | |
| Farmers | $467 | A | 0.54 | |
| Indiana Farm Bureau Grp | $718 | A++ | 0.42 | |
| State Farm | $285 | A++ | 0.95 | |
| Allstate | $385 | A+ | 0.9 | |
| Nationwide | $669 | A+ | 0.87 |
How much does condo insurance cost in Indiana?
The average cost of condo insurance in Indiana is $590 per year or $49 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $590 |
| Average monthly premium | $49 |
Condo insurance rates in Indiana by company and coverage level
State Farm offers the lowest condo insurance rates in Indiana for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is Indiana Farmers, with an annual rate of $291. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $316 | $337 | $364 | $385 | $411 | $433 | $453 | $474 |
| American Family | $499 | $524 | $550 | $576 | $591 | $618 | $625 | $654 |
| Auto-Owners | $612 | $618 | $703 | $709 | $806 | $813 | $910 | $916 |
| Erie Insurance | $358 | $410 | $471 | $541 | $555 | $640 | $648 | $747 |
| Farmers | $385 | $433 | $419 | $467 | $456 | $504 | $491 | $539 |
| Indiana Farm Bureau Grp | $585 | $591 | $712 | $718 | $860 | $866 | $1,014 | $1,020 |
| Indiana Farmers | $226 | $238 | $279 | $291 | $324 | $336 | $368 | $380 |
| Nationwide | $622 | $625 | $666 | $669 | $708 | $712 | $754 | $759 |
| State Farm | $243 | $253 | $275 | $285 | $296 | $306 | $315 | $325 |
| Travelers | $816 | $843 | $945 | $977 | $1,059 | $1,095 | $1,209 | $1,253 |
| USAA | $607 | $607 | $660 | $660 | $706 | $706 | $744 | $744 |
Condo insurance rates by company in Indiana
The most affordable company is State Farm, with Indiana Farmers Insurance and Allstate ranking as the second and third cheapest. Since condo insurance rates in Indiana vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Indiana.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| State Farm | $285 | $24 |
| Indiana Farmers | $291 | $24 |
| Allstate | $385 | $32 |
| Farmers | $467 | $39 |
| Erie Insurance | $541 | $45 |
| American Family | $576 | $48 |
| Nationwide | $669 | $56 |
| Auto-Owners | $709 | $59 |
| Indiana Farm Bureau Grp | $718 | $60 |
| Travelers | $977 | $81 |
| USAA | $660 | $55 |
Compare condo insurance rates by city in Indiana
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Indiana, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Indiana condo insurance rates with other states
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