Popular Questions about Indiana Home Insurance

In Indiana, the average cost of homeowners insurance is $1,000 per year, which is just below the national figure at $1,211 annually. Exact rates can be obtained through custom quotes tailored to your specifics.

Each state has certain laws around insurance coverage. In Indiana, you're not required to carry homeowners insurance by the state. However, if you have a mortgage, they'll mandate a policy to get a loan. With Indiana having more than $1 billion in homeowners claims paid in one year alone, the proper protection is necessary to avoid significant out-of-pocket expenses.

To work with the best usually means you'll get superior coverage and rates. In Indiana, Nationwide, Travelers, State Auto, and Safeco insurance companies are among the top markets. This is due to their low premiums and broad coverage selection. You can get custom quotes through these and other carriers to find which insurance company suits your needs and budget.

Indiana homeowners insurance is calculated using various risk factors. Check out what carriers use to determine your home insurance rates below:

  • Property value
  • Coverages selected
  • Past claims reported
  • Local crime rates
  • Local natural disasters

Yes, Indiana has 503 independent insurance agencies in existence currently. This gives you a lot of options when choosing a local agency for your homeowners protection. An independent agent will shop coverage and rates with dozens of carriers for free, making it a no-brainer.

When it comes to home coverage, you'll want to be sure your policy includes replacement cost for your property and water/sewer back-up protection. Check out discounts that could save you some premium dollars as well:

  • Multiple policy discount 
  • Central station burglary alarm discount

Do You Know What Your Indiana Home Insurance Covers?

Find the Best Homeowners Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 year

CityAnnual insurance costAvg. home valueBurglaries / 1,000 homes
Anderson$711$72,2339.01
Bloomington$1,307$185,9005.86
Carmel$1,451$315,2002.21
Columbus$1,099$156,6184.42
Elkhart$809$88,2299.24
Evansville$962$92,8009.03
Fishers$1,390$260,8000.54
Fort Wayne$829$108,4006.86
Goshen$789$115,0597.42
Greenwood$1,049$143,5433.17
Hammond$716$87,0006.75
Indianapolis$1,125$128,20012.84
Kokomo$948$92,7508.8
Lafayette$789$112,8008.96
Lawrence$1,050$138,0965.38
Merrillville$988$136,9235.12
Michigan City$922$90,5656.73
Mishawaka$944$99,9555.09
Muncie$702$71,9006.96
New Albany$825$115,1078.67
Noblesville$1,004$188,3822.53
Portage$1,065$143,3542.69
Richmond$817$85,72116.46
Schererville$1,201$223,5471.89
South Bend$738$77,40012.11
Terre Haute$788$82,78111.44
Valparaiso$1,137$179,7191.7
West Lafayette$1,183$208,0741.41
Westfield$1,211$239,8555.92
  1. $94
  2. Indianapolis, IN Monthly average home insurance cost
  3. The average monthly cost of homeowners insurance in Indianapolis is $94. 
  4. Several considerations can impact your personalized rate for home insurance. The crime rate in your ZIP code, the size and age of your home, and even your credit score are just some of the factors that help determine how much you pay for your home insurance coverage. Your actual rate may therefore be considerably higher or lower than the average.
  5. Home insurance covers against most weather-related and accidental damage to your home. It can also cover you against losses related to property crime, a real threat in high-crime Indianapolis. If you come home from work one day to discover that your house has been ransacked and your grandmother's pearls are missing, know that your insurance company has your back. Get a police report, file a claim with your insurance provider, and you may receive compensation for the damage and stolen valuables. 


  1. $69
  2. Fort Wayne, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Fort Wayne is $69.
  4. Home insurance prices will vary from one property to the next, but here in Fort Wayne, where the average home price is relatively low, your rates should be affordable.  Factors like your home's size, age, and location and your credit and claims history can all play a role in how much you are expected to pay.
  5. In addition to covering you against property crimes, accidents, and liability claims, your home insurance can cover against most major weather events. Summer storms are sometimes intense in Fort Wayne, causing occasional damage from wind, hail and lightning. If your house is damaged by weather, your home insurance policy can cover the ensuing costs.


  1. $80
  2. Evansville, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Evansville is $80.
  4. The lower-than-average home values in this city play a role in how this average rate is calculated. Your actual home insurance premium could be considerably higher or lower, depending on several factors like the crime rate in your ZIP code, the size and age of your home, your credit score, and the age of your roof.
  5. Sometimes, unexpected accidents can cause major problems for homeowners. If a pipe bursts in your washer and your laundry room floods, your home insurance policy may cover the cost to repair the damage to your floors and walls. Home insurance also covers against damage caused by severe weather, fires, and injuries to others while in your home if negligence played a role and you are sued. 


  1. $62
  2. South Bend, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in South Bend is $62.
  4. These are some of the lowest rates in the state, largely because of the lower-than-average values of homes in the area. Your actual premium might be considerably higher or lower than the average. It all depends on factors like your home's age and building materials, the crime rate in your ZIP code, and the amount of coverage you wish to purchase.
  5. South Bend home insurance covers against loss or damage to your home that may result from severe weather like tornadoes, or accidents like house fires. It also covers against property crime, and this is important in South Bend, where the burglary rate is nearly three times the national average. In the event that your home is burglarized, first ensure that you and your family are safe, and then call the authorities to obtain a police report. You will need this report and a detailed list of your lost or damaged property when you submit a claim for compensation from your insurance company.


  1. $121
  2. Carmel, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Carmel is $121.
  4. Homeowners in Carmel pay some of the highest home insurance rates in the state. Given the high property values in this city, that is not surprising. The more you have to protect, the higher your coverage limit needs. Your actual costs will depend on factors like the age and square footage of your home and information about the residents of the home. Your premium might therefore be considerably higher or lower than this average.
  5. In addition to covering you against many weather-related events and accidents like fires, your Carmel homeowners insurance offers liability protection. This is particularly important if a guest in your home is injured and sues you for negligence. If your property includes a swimming pool or trampoline, or if you own a dangerous breed of dog, your insurance company may charge slightly higher rates because of the increased risk of a liability lawsuit.


  1. $116
  2. Fishers, IN Monthly average home insurance cost
  3. The average monthly cost of homeowners insurance in Fishers is $116. 
  4. Though crime rates are low in this city, property values are high, and this means a need for higher coverage limits. Your actual home insurance premiums could be higher or lower than this average, because the cost is calculated according to several factors, including the age and value of your home, and your credit score.
  5. Your home insurance can cover you against property crimes, weather-related damage, liability lawsuits, and even accidents like house fires. Consider this: A small spark can quickly turn into a raging inferno that leaves your home completely destroyed. Whether the fire is caused by lightning or an electrical problem, you can file a claim with your insurance company and have peace of mind knowing that fire damage is covered.


  1. $109
  2. Bloomington, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Bloomington is $109.
  4. Your actual home insurance premium could be higher or lower, depending on variables like the crime rate in your ZIP code, the size and age of your home, your credit score, and the amount of coverage you wish to purchase. 
  5. You have probably invested a lot in your home, considering the higher-than-average property values in this city. Protect that investment with a suitable home insurance policy. This insurance covers you against damage related to things like severe weather, property crimes, and liability lawsuits.


  1. $60
  2. Hammond, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance ins Hammond is $60.
  4. Residents of Hammond pay some of the lowest home insurance rates in the state. Given the lower-than-average property values and relatively low crime rates in this city, it is little wonder. Your actual premiums may be higher or lower than this amount. It all depends on such factors as the age and location of your home, your credit score, previous claims, and the amount of coverage you are purchasing. 
  5. Home insurance can cover you against most of the risks you face as a homeowner in this city. These include property crimes, liability lawsuits, accidental fires, and severe weather. Hammond's cold winters can often bring heavy snow and ice. If your roof is damaged by heavy snow, or if your pipes freeze and burst, the resultant costs can be exorbitant. Fortunately your home insurance plan can step up to cover the cost of repairs.


  1. $66
  2. Lafayette, IN Monthly average home insurance cost
  3. The average monthly cost of home insurance in Lafayette is $66.
  4. Premiums in Lafayette tend to be more affordable than in other parts of the state, thanks to lower crime rates. However, your personal cost could be slightly higher or lower, depending on the size and age of your home, previous claims, and your credit score.
  5. Lafayette home insurance is designed to cover you against several hazards you may face as a homeowner in this city. One example is coverage against tornadoes, which are a real risk in this state, and they can cause major damage to local homes. If a tornado touches down in your neighborhood, breaking your windows or destroying your roof, your home insurance policy can cover the cost for repairs.


  1. $59
  2. Muncie, IN Monthly average home insurance cost
  3. The average monthly cost for home insurance in Muncie is $59.
  4. You can expect your actual rates to be considerably higher or lower that this amount depending on factors like the age of your house, your credit score, previous claims, and the amount of coverage you are purchasing. Because home values in this city are lower than the state average, homeowners tend to have lower coverage limits, making the rates for coverage in this city low as well.
  5. A local independent insurance agent can help you review various policies to ensure that you are properly covered against the risks you are most likely to face, such as damage caused by freezing, heavy snow, tornadoes, severe storms, and property crimes. Parts of this city are also prone to flood damage.