Best and cheapest homeowners insurance in Indiana for 2024

Best home insurance companies in Indiana: Erie Insurance

The best home insurance company in Indiana for 2024 is Erie Insurance. Auto-Owners, State Farm, Nationwide, American Family, and Allstate are among the top home insurance companies in Indiana 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 in Indiana
Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
Erie Insurance	A+	0.52	4.61	$2,460
Auto-Owners	A++	0.37	4.40	$3,127
State Farm	A++	0.83	4.13	$2,267
Nationwide	A+	1.05	3.73	$2,809
American Family	A	0.80	3.65	$2,275
Allstate	A+	1.46	3.43	$1,186
Farmers	A	0.67	3.36	$3,543
Travelers	A++	1.10	2.60	$8,092

Cheapest home insurance companies in Indiana: Allstate

Below are Indiana home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.

Based on our analysis, Allstate is the cheapest home insurance company for all coverage levels. At $1,186 per year, Allstate offers the most affordable home insurance for $300,000 dwelling coverage, one of the most preferred coverage limits.

Cheapest home insurance in Indiana
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
Allstate	$1,055	$1,186	$1,319	$1,669	$2,366
Indiana Farmers	$1,223	$1,679	$2,136	$3,012	$4,711
State Farm	$1,829	$2,267	$2,518	$3,376	$4,696
American Family	$1,815	$2,275	$2,713	$3,562	$5,141
USAA*	$1,892	$2,435	$2,897	$3,752	$5,359
Erie Insurance	$1,767	$2,460	$3,171	$4,506	$7,409
Nationwide	$2,039	$2,809	$3,553	$5,037	$7,786
Auto-Owners	$2,428	$3,127	$3,884	$5,267	$9,207
Farmers	$2,678	$3,543	$4,859	$7,499	$12,687
Indiana Farm Bureau	$3,340	$4,414	$5,521	$8,202	$13,564
Travelers	$6,603	$8,092	$9,455	$13,964	$21,574

*USAA only provides coverage to military members, veterans and their families.

Average home insurance cost in Indiana

The average cost of homeowners insurance in Indiana is $2,991 a year or $249 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.

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 Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP Code	City	Highest Rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP Code	City	Lowest Rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data refreshed as of Apr 2024

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 $3,773.

The most expensive ZIP codes in Indiana are:

ZIP code	Average annual rates
46403	$3,773
46407	$3,666
46404	$3,653
46408	$3,575
46402	$3,544
46409	$3,532

The least expensive ZIP codes in Indiana for home insurance

The cheapest ZIP codes for home insurance in Indiana are:

ZIP code	Average annual rate
46537	$2,435
46345	$2,450
46771	$2,452
46502	$2,464
46796	$2,468
46346	$2,469

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.

City	Annual 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

Home insurance FAQs

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.