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USAA is one of the best renters insurance companies in Indiana with the highest J.D. Power score (886) among the carriers surveyed. Although, USAA only offers services to military members and their families.

Renters Insurance typically covers personal property and liability protection. When it comes to choosing the best renters insurance company, basis the type of renters insurance required, there are a few factors that you should keep in mind that may help you make an informed decision. Keep on reading this guide to know more about the best renters insurance in Indiana.

Key takeaways

  • Indiana residents pay an average of $20 monthly for standard renters insurance policy.
  • With a J.D.Power score of 886 out of 1,000, USAA is the best renters insurance company based on the research. The average rate of the policy is $112 per year.
  • The average annual rate of the most expensive ZIP code in Indiana is $68 more than the state average for a renters insurance policy.
  • At $112 per year, USAA offers the cheapest renters insurance in Indiana.

Best renters insurance companies in Indiana

When it comes to choosing the best renters insurance company in Indiana, you want to make sure that you are comparing apples to apples. Our experts at have compared quotes, coverage options and J.D Power score from all the major insurers in Indiana. Below is the list of best renters insurance companies in Indiana:

CompanyAverage rating(out of 5)
State Farm4
Erie Insurance3.5
Farmers Insurance3.5

Compare best renters insurance companies in Indiana

When you are looking for the most affordable renters insurance policy in Indiana, it is best to get quotes from different providers before you choose one. Price plays an important role, but Indiana residents should also consider the insurance company's customer service and overall rating before deciding on the one that fits their renter's insurance coverage needs.

Compare the best Indiana renters insurance companies using their J.D Power scores and average rates.

CompanyJ.D. Power ScoreAverage Annual PremiumAM Best Ratings
Erie Insurance851$279A+
Farmers Insurance831$198A
State Farm836$168A++

How much is renters insurance in Indiana

The average annual premium for renters insurance in Indiana is $240, this means Indiana residents pay an average of $20 for renters insurance monthly. These prices are for Indiana renters who buy liability coverage of $100,000, personal property coverage of $40,000, and a deductible of $1,000.

Average Annual PremiumAverage Monthly Premium

10 Most expensive zip codes in Indiana for renters insurance

If you're a renter in Indiana, protecting your household contents and finances with renters insurance is a necessity. The premiums you pay for renters insurance will be determined by many factors including your zip code.

A standard renters insurance policy protects your property from theft and vandalism or any malicious mischief. Some areas have higher rates for renters insurance than others as crime rates and the incidence of claims in your area affect how much you pay for your policy. It's important to get quotes from several renters insurance providers before making any decision.

We have gathered quotes from major insurers across all the zip codes and found that the most expensive zip code in Indiana for renters insurance is 46402, its average cost is $308 a year.

Find below the list of the 10 most expensive zip codes in Indiana along with their average annual renter's insurance premium costs.

ZIP codeAverage Annual Rate

10 Least expensive zip codes in Indiana for renters insurance

Indiana renters insurance rate is the least expensive for the zip code 46943, its average annual rate is $218, based on's rate analysis.

Below is a list of the ten least expensive ZIP codes in Indiana along with their average renters insurance rates.

ZIP codeAverage Annual Rate

Cheap renters insurance in Indiana by carrier

Renters insurance coverage is designed to protect a renter's personal possessions against damage or theft. When finding cheap renters insurance in Indiana, it is easy to get overwhelmed with the many options available. But don't worry we have got you covered, we have compared renters insurance costs from major insurance providers in Indiana and prepared a list of cheap renters insurance companies.

Among the carriers surveyed, USAA is the cheapest insurance company that offers insurance policies to renters in Indiana at about $112 a year, on average. Find the below renters insurance rates of other cheapest renters insurance companies in Indiana.

Company NameAverage Annual Premium
State Farm$168
Indiana Farmers$191
American Family$272
Erie Insurance$279
Indiana Farm Bureau Grp$360

Methodology compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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