Average homeowners insurance cost in Fort Wayne, IN

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In Fort Wayne, homeowners pay an average annual rate of $2,753 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $171 more than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Fort Wayne depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Fort Wayne, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Fort Wayne.

Key takeaways

The cost of your homeowners insurance policy in Fort Wayne can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Fort Wayne with an average annual premium of $1,103.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $628 more, annually for home insurance.

Average homeowners insurance cost in Fort Wayne per month

Residents of Fort Wayne pay an average of $229 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $18 less than the state average of $247 and $14 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Fort Wayne may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Fort Wayne

In Fort Wayne, IN, homeowners pay an average of $2,125 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Fort Wayne

Based on a rate analysis conducted by Insure.com, Fort Wayne residents pay an average of $2,753 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $628 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Fort Wayne by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Fort Wayne. It’s average annual rate for Fort Wayne homeowners is $1,103. Indiana Farmers ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,942.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Fort Wayne and prepared a list of the cheapest home insurance providers. You can find below the Fort Wayne home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$1,103
Indiana Farmers	$1,433
State Farm	$1,942
Erie Insurance	$2,079
American Family	$2,106
Auto-Owners	$2,738
Farmers	$3,621
Indiana Farm Bureau Grp	$4,066
Travelers	$6,705
Nationwide	$2,139
USAA*	$2,219

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fort Wayne for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.