Evansville

Your Complete 2017 Guide to Homeowners Insurance in Evansville, IN

Evansville, IN is a popular place for Indiana residents to call home. Homeowners insurance is an investment every family makes to protect their houses and livelihoods. If you have an Evansville homeowners insurance policy, and you wonder whether it’s competitively priced and covering you for all the risks you face, an independent agent can help.

To own a home in this desirable area, you will need to protect your investment with Evansville, IN homeowners insurance. A local independent agent in the Trusted Choice® network can help you compare Evansville home insurance quotes and find the right fit for your needs. Find a local agent and get started getting the right coverage in place today.

  • National yearly premium average: $1,034
  • Indiana yearly premium average: $840
  • 33rd most expensive premium in the US

Average Indiana home insurance premiums are less than the premium coverage nationally. Generally, home insurance quotes for homes within the city of Evansville will be higher than in outlying rural areas due to increased risk of theft and liability claims, as well as the higher-valued real estate.

Number of Catastrophes in Indiana

  • National number of catastrophes: 19,033
  • Number of catastrophes in Indiana: 433
  • National number of tornadoes: 1,233
  • Number of tornadoes in Indiana: 17
  • National property damage from weather: $5,511,270,000
  • Proper damage from weather in Indiana: $75,340,000

Thefts in Indiana

  • National average for burglaries: 37,814
  • Indiana number of burglaries: 42,909

Factors that Affect Indiana Home Insurance Quotes

  • Weather risk (the chance for tornado, hurricane or wildfires)
  • The materials that are used in the construction of a home (such as brick or wood)
  • The cost to rebuild a house
  • When a house was built and its current condition
  • Neighborhood crime rate

The premium you’ll pay for Indiana home insurance is contingent on your credit score as well.

Flood Hazard Areas in Evansville

When you are shopping for Evansville homeowners insurance, be sure to ask your agent whether flood insurance is required or recommended in your area. Flood insurance is a separate policy from your home insurance, and is required if you live in a floodplain. An independent agent can help you obtain this coverage.

According to data supplied by the City of Evansville, this city contains two flood hazard areas. Special Flood Hazard Areas (SFHAs) carry the greatest risk of a flood and present a 26 percent risk for anyone paying down a 30-year mortgage. Non-Special Flood Hazard Areas (NSFHAs) present a low to moderate flood risk. However, the NSFHAs are also the zones where 30 percent of insurance claims are filed, so it’s still advisable to talk with your insurance agent about whether or not investing in flood insurance is a good idea.

Reduce the Costs of Evansville Homeowners Insurance

You can reduce your Evansville home insurance premium by taking specific measures to protect your home from damage. For example, the City of Evansville recommends that residents follow the tips below to lower their insurance costs:

  • Place watertight seals on block or brick walls.
  • Place utilities, such as HVAC units or water heaters, on platforms or raised flooring
  • Install a security system to warn you of break-ins and burglaries
  • Bundle your homeowners policy with your auto or PWC insurance coverage
  • Remain “claims-free” as long as possible

In addition, working with an independent agent can help you save on your Evansville homeowners insurance, because these agents will shop around for the best possible coverage, and can give you guidance that will lead to major savings.

Contents Insurance

In addition to getting the right Evansville homeowners insurance to protect your home and family from natural hazards and liability, you may want to consider purchasing additional contents insurance as well. This coverage is available to cover either the replacement cost or the fair market value of your personal property.

Replacement-cost insurance will pay for the current value of the items you insure, while fair market value protection covers the original cost of an item minus depreciation. Because most items depreciate over time, it might be best for you to consider replacement-cost coverage to replace your lost or damaged items.

Added contents coverage may be necessary, especially if you’re a collector of artwork or you own expensive valuables, such as diamond jewelry.

Review Your Insurance Requirements with an Insurance Professional

Needless to say, Evansville home insurance quotes are based on a variety of factors. Therefore, it’s important to look at what you need to insure and find ways to reduce your costs for protection.

Obtain the best premium price by reviewing the various kinds of coverage with a Trusted Choice member agent. Your local agent can give you all the details you need to find the right Evansville homeowners insurance for your needs. Get obligation-free Evansville home insurance quotes with one quick phone call to your local independent agent today.

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