USAA is the best homeowners insurance company in Indiana for military members, veterans and their families, based on a 2023 analysis by Insurance.com, with an overall rating of 4.68. Indiana Farmers is the best home insurance company in Indiana for non-military homeowners, with an overall rating of 4.59.
Allstate offers the most affordable home insurance in Indiana for all coverage levels.
With so many options out there, it is not easy to choose a homeowners insurance company in Indiana. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Key takeaways
- The average cost of homeowners insurance in Indiana is $2,721 a year or $227 a month.
- The cheapest homeowners insurance company in Indiana is Allstate with an average home insurance rate of $1,184 a year.
- USAA ranks as the best homeowners insurance overall, but Indiana Farmers is the best home insurance for non-military homeowners in Indiana for 2023.
Average home insurance cost in Indiana
The average cost of homeowners insurance in Indiana is $2,721 a year or $227 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Indiana homeowners insurance companies to get the best deal.
Best home insurance companies in Indiana
The best home insurance company in Indiana for 2023 is USAA, followed by Indiana Farmers and Erie Insurance.
Below is a full list of the top Indiana insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
*USAA only provides coverage to military members, veterans, and their families.
Cheapest home insurance companies in Indiana
Below are Indiana home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Allstate has the most affordable rates in almost every category.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| Allstate | $1,051 | $1,184 | $1,319 | $1,494 | $1,671 |
| Indiana Farmers | $1,002 | $1,351 | $1,678 | $2,007 | $2,335 |
| USAA | $1,603 | $2,039 | $2,411 | $2,764 | $3,096 |
| American Family | $1,641 | $2,062 | $2,414 | $2,763 | $3,102 |
| State Farm | $1,844 | $2,402 | $2,804 | $3,389 | $3,900 |
| Erie Insurance | $1,570 | $2,258 | $3,074 | $3,869 | $4,664 |
| Nationwide | $1,900 | $2,578 | $3,242 | $3,929 | $4,629 |
| Auto-Owners | $2,478 | $3,208 | $3,998 | $4,744 | $5,397 |
| Farmers | $2,532 | $3,335 | $4,569 | $5,601 | $5,796 |
| Indiana Farm Bureau Group | $2,945 | $3,846 | $4,774 | $5,898 | $7,022 |
| Travelers | $6,471 | $7,212 | $8,419 | $9,177 | $9,537 |
Indiana home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Illinois to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
The most expensive ZIP codes in Indiana for home insurance
Indiana homeowners insurance rates are the most expensive for ZIP code 46403 with an average annual cost of $3,413.
The most expensive ZIP codes in Indiana are:
| ZIP code | Average annual rates |
|---|---|
| 46403 | $3,413 |
| 46407 | $3,342 |
| 46404 | $3,325 |
| 46408 | $3,271 |
| 46402 | $3,249 |
| 46406 | $3,206 |
The least expensive ZIP codes in Indiana for home insurance
The cheapest ZIP codes for home insurance in Indiana are:
| ZIP code | Average annual rates |
|---|---|
| 46537 | $2,219 |
| 46345 | $2,224 |
| 46771 | $2,230 |
| 46595 | $2,235 |
| 46796 | $2,241 |
| 46789 | $2,243 |
Frequently asked questions about Indiana homeowners insurance
What does standard home insurance cover?
Standard home insurance includes coverage for your dwelling and personal property, in addition to coverage for other structures. Most policies also include liability protection in case there are injuries or damage to property.
How do I get a quote for Indiana home insurance?
To find the cheapest home insurance in Indiana, you can use our homeowner quote calculator to find sample costs for your area and shop the best homeowners insurance in Indiana for your personal needs.
