Noblesville Homeowners Insurance

Your Complete Guide to Noblesville, IN Homeowners Insurance

Beautiful home exterior on bright sunny day with green grass and blue sky

Noblesville is the fourteenth largest city in Indiana, located in the northern part of the state. This city of over 60,000 residents proudly boasts an extensive public park system, a thriving shopping and historic district, and seven golf courses. It’s not surprising that local residents want to keep their homes safe from harm and their assets secure. That’s why Noblesville homeowners need affordable homeowners insurance that covers their risks. Having reliable, responsive homeowners insurance means having peace of mind in the face of unpleasant events. Local independent insurance agents can help you find the best and most affordable insurance coverage for your home. A local agent can help you start comparing quotes today. 

How Much Does Homeowners Insurance Cost in Noblesville, IN?

Indiana is the 31st most expensive state for homeowners insurance, but the average cost of homeowners coverage in Noblesville is slightly higher than the state average. 

  • National average yearly premium: $1,173
  • Indiana average yearly premium: $983
  • Noblesville average yearly premium: $1,004

Your home insurance rates may be higher or lower than the average for your city, depending on your home’s unique characteristics (size, location, age, value, etc.) and other risk factors (crime rate, severe weather risk) in your neighborhood. If your property’s location comes with more hazards than most, expect to pay more. You will also pay more if your home will cost more to repair or rebuild than others. 

Comparing quotes from multiple insurance companies and making sure you are maximizing your discounts is the best way to make sure you’re getting the best rate on your home insurance. One of the easiest ways to get a discount from most insurance companies is to bundle your homeowners insurance with other policies, such as your car insurance or life insurance. A local independent insurance agent can help you get the coverage you need and can uncover any discounts that you might be eligible for. 

Homeowners Insurance Covers Your Property

Homeowners insurance is designed to help you pay for repairs when something damages your home or personal property. The dwelling coverage portion of your policy pays for repairing or replacing the physical structure of your home. The contents coverage portion pays for replacing or repairing lost or damaged possessions. Property damage can come in many forms, from minor roof damage after a hailstorm to total destruction after a tornado. Indiana is no stranger to disasters that can wipe out your entire property. 

  • Number of declared disasters in Indiana: 41
  • Most common reasons for disasters in the state: Severe Storms and Floods
  • Average number of tornadoes per year in Indiana: 24.6
  • Average amount of property damage per year in Indiana: $1,003,810,000
  • 1 in 15 insured homes has a claim each year

A local independent insurance agent can help you understand the risks you face. Your agent can review your structure and contents coverage limits so you can be sure that they are high enough to enable you to rebuild, repair, or replace after a covered event. 

The Importance of Liability Insurance for Noblesville Homeowners

Your homeowners insurance policy covers your home’s structure and your belongings. Your policy also includes liability coverage, which is designed to help you pay for a variety of expenses if you are sued for negligence. If someone is injured on your property, your homeowners liability coverage will pay for their medical expenses related to the accident. If that person sues you for additional damages, your liability coverage pays for attorney fees, court costs, and any settlements or judgments that you are required to pay to the injured party. 

You can learn more about liability insurance from a local independent insurance agent. You might find that you need more coverage than your home insurance policy allows. In this case, you can purchase a personal umbrella policy, which offers liability coverage beyond what is provided in your home or auto insurance policy. 

Does Noblesville Homeowners Insurance Offer Coverage for Burglaries? 

The home burglary rate in Noblesville is lower than both the state and national averages. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Indiana: 5.14
  • Number of burglaries per 1,000 homes in Noblesville: 2.53

Noblesville is a very safe city, which is great news for local residents. But that doesn’t mean you can’t be the victim of a home burglary, a break-in, or vandalism. Your home insurance is designed to reimburse you for loss or damage following such an event. But remember, you have to pay your deductible first, and your insurance company will handle the rest. Don’t wait until it’s too late. Take precautions to protect your home from burglaries, and remember that having a home security system is one of the best ways to keep the burglars out. What’s more, homes with burglar alarms often qualify for extra discounts on home insurance.  

Insurance Coverage for Second Homes and Vacation Homes 

If you own any kind of second home, vacation home, or rental property, you need to ensure that you have appropriate coverage for how each property is used. Most secondary residences have different risks and need different insurance protections than primary residences. 

  • Hunting cabins or lake homes may only be occupied seasonally or on weekends. These properties are often targets for thieves, and property damage that occurs while you are gone can go unnoticed for long periods and get worse. Vacant home insurance may be needed in these situations.
  • If you own a rental property or a vacation home that you rent to tenants, landlord insurance can help you cover the elevated liability risks you face as a landlord. 

An independent insurance agent can help you review the unique coverage needs for all of your residential properties. You can review competitive quotes to make sure you’re getting the best price. 

Why Work with an Independent Insurance Agent in Noblesville?

Independent insurance agents in your city can help you find a reliable and affordable homeowners insurance policy. Independent agents aren’t tied to one company, so you can be sure you are getting honest, unbiased advice. 

Contact an agent in Noblesville to start comparing customized home insurance quotes.


Sources © 2020, Consumer Agent Portal, LLC. All rights reserved.

http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com

© 2020, Consumer Agent Portal, LLC. All rights reserved.

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