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homeowners insurance in Indiana

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.

Best home insurance companies in Indiana
Insurance companyAM BestAverage annual rateNAIC Complaint ratioInsurance.com score
USAAA++$2,0390.414.68
Indiana FarmersA$1,3510.324.59
Erie InsuranceA+$2,2580.234.58
Auto-OwnersA++$3,2080.194.53
American FamilyA$2,0620.64.26
State FarmA++$2,4021.074.22
NationwideA+$2,5780.754.21
FarmersA$3,3350.334.12
Indiana Farm Bureau GrpA$3,8460.473.92
AllstateA+$1,1842.043.8
TravelersA++$7,2120.63.37

*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.

Cheapest home insurance rates in Indiana by coverage level
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 FLORIDA

$200,000
$1,000
$100,000
33315 - Fort Lauderdale
Dwelling $200,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $1,986

HIGHEST RATE: $5,304 LOWEST RATE: $491

Most & least expensive zip codes for homeowners insurance in Florida

Most Expensive

Zip CodeCityHighest Rate
32805Holden Heights$5,278
33455Hobe Sound$5,273
33150Gladeview$5,065
32806Conway$5,052

Least Expensive

Zip CodeCityLowest Rate
34234North Sarasota$1,134
32071O Brien$1,136
34994North River Shores$1,137
33544Wesley Chapel$1,140

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 codeAverage 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 codeAverage annual rates
46537$2,219
46345$2,224
46771$2,230
46595$2,235
46796$2,241
46789$2,243

Compare homeowners insurance rates by city in Indiana

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Indiana.

CityAnnual insurance premium
Bloomington
$2,059
Carmel
$2,053
Evansville
$2,153
Fishers
$2,088
Fort Wayne
$1,940
Gary
$2,515
Granger
$1,882
Hammond
$2,250
Indianapolis
$2,288
Lafayette
$1,924
Munster
$2,035
Noblesville
$2,063
South Bend
$2,018

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.

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