Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Indiana Average homeowners insurance cost in Indiana Homeowners insurance in Indiana costs $2,969 per year or $247 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.According to Insure.com’s data analysis, the average cost of homeowners insurance in Indiana is $2,969 a year. Continue reading to learn more about homeowners insurance rates in Indiana by ZIP code and insurer. Key Takeaways Homeowners insurance costs an average of $2,969 a year, based on Insure.com analysis.Of all the ZIP codes in Indiana, 46530 has the most affordable home insurance rates at around $2,572 annually.In Indiana, Allstate provides the most affordable home insurance at an average annual premium of $1,160. Average home insurance cost in Indiana by coverage levelHomeowners insurance costs $2,969 a year in Indiana for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Indiana will increase to $1,667 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Indiana for dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and None Deductible$2,293$191200000 with 1000 Deductible and 300000 Liability and None Deductible$2,313$193300000 with 1000 Deductible and 100000 Liability and None Deductible$2,969$247300000 with 1000 Deductible and 300000 Liability and None Deductible$2,991$249400000 with 1000 Deductible and 100000 Liability and None Deductible$3,696$308400000 with 1000 Deductible and 300000 Liability and None Deductible$3,720$310600000 with 1000 Deductible and 100000 Liability and None Deductible$5,354$446600000 with 1000 Deductible and 300000 Liability and None Deductible$5,381$4481000000 with 1000 Deductible and 100000 Liability and None Deductible$8,465$7051000000 with 1000 Deductible and 300000 Liability and None Deductible$8,497$708Homeowners insurance companies in Indiana determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits.If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in IndianaIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in Indiana by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Indiana Farmers Insurance received the lowest NAIC score and an AM Best rating of A. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreIndiana Farmers Insurance$1,667A0.315Auto-Owners$3,118A++0.334.83American Family$2,256A0.374.77Indiana Farm Bureau$4,407A++0.424.42Farmers$3,518A0.544.18Nationwide$2,798A+0.874.04Allstate$1,160A+0.93.99State Farm$2,139A++0.953.78Travelers$8,046A++0.543.5Average homeowners insurance cost by company in IndianaAllstate has the cheapest homeowners insurance rates in Indiana. Its average annual cost for Indiana homeowners is $1,160. Indiana Farmers Insurance and State Farm also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in Indiana with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateAllstate$1,160$97Indiana Farmers Insurance$1,667$139State Farm$2,139$178American Family$2,256$188Erie Insurance$2,446$204Nationwide$2,798$233Auto-Owners$3,118$260Farmers$3,518$293Indiana Farm Bureau$4,407$367Travelers$8,865$739USAA$2,435$203Indiana homeowners insurance rates by ZIP codeIn Indiana, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.Shop around and compare quotes from different insurance companies to find the best home insurance rates in Indiana. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.Most affordable ZIP codes for home insurance rates in IndianaHome insurance costs vary across different areas in Indiana. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 46530 ZIP code has the lowest home insurance rates in Indiana, at $2,572 annually or $214 per month.Here are the homeowners insurance rates for some of the most affordable ZIP codes in Indiana.ZIP codeAverage annual rateAverage monthly rate46530$2,572$21446528$2,577$21546526$2,592$21646517$2,603$21746514$2,605$21746556$2,610$21846565$2,613$21846540$2,616$21847901$2,641$22046567$2,642$220Most expensive ZIP codes for home insurance rates in IndianaYour ZIP code plays a significant role in determining the cost of your homeowners insurance. In Indiana, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.In Indiana, 46403 has the highest homeowners insurance rates, at $3,752 per year.Here, we’ve highlighted some of the most expensive ZIP codes in Indiana for homeowners insurance:ZIP codeAverage annual rateAverage monthly rate46403$3,752$31346407$3,644$30446404$3,632$30346183$3,627$30247683$3,586$29947584$3,561$29746408$3,554$29647863$3,540$29547455$3,536$29547146$3,527$294Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Indiana by cityEvansvilleFishersFort WayneIndianapolisSouth BendHome insurance rate trend in IndianaWe analyzed home insurance rate trends in Indiana and found that homeowners insurance rates experienced an overall increase of 10% or $262, from 2022 to 2023.The below data shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$2,045$2,707$2,969To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Indiana.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Indiana Average renters insurance cost in Indiana Average car insurance cost in Indiana Non-owner auto insurance in Indiana How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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