How much is home insurance in Fort Wayne, IN?

The average cost of homeowners insurance in Fort Wayne varies depending on the coverage level you choose. Homeowners insurance costs $2,125 per year for dwelling coverage of $200,000 and $2,753 for $300,000 of dwelling coverage.

Below are the average annual and monthly Fort Wayne home insurance rates for different amounts of dwelling coverage.

Coverage level (Dwelling)Average annual rateAverage monthly rate
$200,000$2,125$177
$300,000$2,753$229
$400,000$3,423$285
$600,000$4,799$400
$1,000,000$7,574$631

Note: For the above rates, the deductible amount is $1,000 and liability protection is $100,000.

Home insurance rates in Fort Wayne by deductible

Home insurance rates in Fort Wayne vary based on the deductible you choose. If you pick a higher deductible, your monthly insurance premium will be lower, while a lower deductible, means lower premiums because the insurance company will pay more if you file a claim, and the odds of you filing a smaller claim are higher.

The table below lists the home insurance rates by deductible in Fort Wayne.

DeductibleCompanyAverage annual premiumAverage monthly premium
$1,000Allstate$1,044$87
$1,000Indiana Farmers$1,211$101
$1,000Erie Insurance$1,901$158
$1,000American Family$1,970$164
$1,000Nationwide$1,992$166
$1,000State Farm$2,146$179
$1,000Auto-Owners$2,788$232
$1,000Indiana Farm Bureau Grp$2,959$247
$1,000Farmers Insurance$3,386$282
$1,000Travelers$6,736$561
$500Allstate$1,098$92
$500Indiana Farmers$1,250$104
$500Nationwide$2,095$175
$500Erie Insurance$2,098$175
$500Farmers Insurance$3,526$294
$500Travelers$7,032$586
$2,000Allstate$961$80
$2,000Indiana Farmers$1,129$94
$2,000Erie Insurance$1,697$141
$2,000Nationwide$1,757$146
$2,000American Family$1,903$159
$2,000State Farm$1,918$160
$2,000Auto-Owners$2,548$212
$2,000Indiana Farm Bureau Grp$2,657$221
$2,000Farmers Insurance$3,144$262
$2,000Travelers$6,222$519
$2,500Allstate$897$75
$2,500Indiana Farmers$1,077$90
$2,500Erie Insurance$1,598$133
$2,500Nationwide$1,757$146
$2,500State Farm$1,806$151
$2,500American Family$1,880$157
$2,500Indiana Farm Bureau Grp$2,476$206
$2,500Auto-Owners$2,548$212
$2,500Farmers Insurance$3,144$262
$2,500Travelers$5,800$483
$3,000Allstate$853$71
$3,000Indiana Farmers$1,077$90
$3,000Erie Insurance$1,536$128
$3,000Nationwide$1,704$142
$3,000State Farm$1,806$151
$3,000American Family$1,861$155
$3,000Indiana Farm Bureau Grp$2,476$206
$3,000Auto-Owners$2,548$212
$3,000Farmers Insurance$3,136$261
$3,000Travelers$5,994$500
$4,000Allstate$793$66
$4,000Indiana Farmers$970$81
$4,000Erie Insurance$1,430$119
$4,000Nationwide$1,487$124
$4,000State Farm$1,743$145
$4,000American Family$1,777$148
$4,000Indiana Farm Bureau Grp$2,023$169
$4,000Auto-Owners$2,391$199
$4,000Farmers Insurance$3,047$254
$4,000Travelers$4,793$399
$5,000Allstate$793$66
$5,000Indiana Farmers$970$81
$5,000Erie Insurance$1,320$110
$5,000Nationwide$1,487$124
$5,000State Farm$1,682$140
$5,000American Family$1,777$148
$5,000Indiana Farm Bureau Grp$2,023$169
$5,000Auto-Owners$2,391$199
$5,000Farmers Insurance$3,030$253
$5,000Travelers$4,793$399
$1,000USAA$2,002$167
$500USAA$2,195$183
$2,000USAA$1,742$145
$2,500USAA$1,742$145
$3,000USAA$1,591$133
$4,000USAA$1,373$114
$5,000USAA$1,373$114

Cheapest homeowners insurance companies in Fort Wayne

According to our analysis, Allstate is the most affordable home insurance provider in Fort Wayne, with an average yearly cost of $978.

Price is a big factor when choosing home insurance, and costs in Fort Wayne can vary a lot between companies. While saving money is important, it’s also a good idea to consider each company's reputation before making a decision.

The table below lists the cheapest home insurance companies in Fort Wayne.

CompanyAverage annual cost
Allstate$978
Indiana Farmers$1,043
Erie Insurance$1,503
State Farm$1,546
Nationwide$1,569
American Family$1,675
Auto-Owners$2,158
Farmers$2,692
Indiana Farm Bureau Grp$3,083
Travelers$5,452
USAA$1,731

Homeowners insurance cost in Fort Wayne by credit rating

Insurance companies in Fort Wayne can use credit information as one of the factors affecting the cost of your policy.

The average home insurance cost for homeowners with an excellent credit score is $1,454; that’s $3,465 less expensive than the average cost of the same insurance for policyholders with a poor credit score. The table below shows the average annual insurance cost for homeowners with different credit levels.

Credit scoreAverage annual cost
Excellent$1,454
Fair$2,893
Good$2,125
Poor$4,919

How can you save on homeowners insurance in Fort Wayne?

If you’re looking to save on your homeowners insurance, the best way is comparing quotes from multiple insurers. Homeowners insurance companies offer a variety of different discounts to help you lower insurance costs. Here are a few common ones.

Home and auto bundle discount (multi-policy)

One of the easiest ways to get cheaper home insurance in Fort Wayne is the multi-policy discount, also known as bundling. If you purchase your home and auto insurance from the same company, you can save an average of $226 a year.

“It’s not always the better option, but more times than not it is because if you bundle usually, you get a 10-20% discount on both policies,” says Josiah Hatch, owner and CEO at Bender Hatch Insurance in Boston.

Loyalty discount

Staying with the same insurance company can earn you a loyalty discount, which could save you around $90 annually on your home insurance in Fort Wayne.

Security equipment discounts

Insurance companies offer discounts to homeowners for installing safety and security equipment, like a fire alarm or burglar alarm. If you install a fire alarm at your home, you can get a discount of $72 a year on average from your insurer.

New home discount

If you buy new construction, you can get a new home discount of $1,132 a year on average in Fort Wayne.

Methodology

Insurance.com compared homeowners insurance rates provided by Quadrant Information Services in 2023 for around 29,000 cities in all states and Washington D.C for $200,000 and $300,000 in dwelling coverage with $100,000 in liability and a $1,000 deductible. The rates were analyzed for almost 34,000 ZIP codes for those with good credit ratings. Content has been updated in 2024.

Compare homeowners insurance rates by city in Indiana