Find the right renters insurance policy for you.

Written by Steve Dahl
Written by Steve Dahl

Steve is a financial services expert who has dedicated himself to the insurance industry for the last 5+ years. Steve is a key contributor to


Indianapolis has a vibrant economy and is home to a diverse number of companies in electronics, publishing, pharmaceuticals, food processing, and insurance. There are also many renters residing in the city who have a need for renters insurance. If you rent your Indianapolis home and do not have renters insurance, you’re facing some serious risks.

The cost for renters insurance is not as expensive as you may think, and the quickest way to find coverage for your valuable possessions is by contacting a local independent agent in the Trusted Choice® network. These agents can show you a variety of affordable Indianapolis, IN renters insurance quotes so you can find the coverage you need to protect yourself from liability claims and loss. Contact one of these agents today to get peace of mind.

  • 55,428 property crimes reported
  • 15,557 burglaries reported
  • 4,184 robberies reported

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Our independent agents shop around to find you the best coverage.

Why Do I Need Renters Insurance?

Your landlord has insurance which covers the structure of the building you live in, the common areas and the exterior, but does not cover your possessions as a tenant. If you were to inventory everything in your apartment or rented townhome, you may be surprised at how much it would cost to replace your possessions if they were totally destroyed. Renters insurance will cover your possessions from loss or damage.

Another reason to buy renters insurance is to protect yourself from a lawsuit should someone who is visiting you become injured in your apartment, or sustains damage to their own possessions because of your negligence. Lawsuits are very expensive and have the potential to financially ruin a person. With Indianapolis renters insurance, you will be financially protected from the strain of medical bills or legal fees for a third party.

What Does Indianapolis Renters Insurance Cover?

Renters insurance will provide compensation to replace your personal possessions should they be stolen or damaged in a fire, for example. Depending on the policy you buy, you can choose between:

  • Actual Market Value: The insurance company would reimburse for the cost of the item damaged of stolen, less depreciation
  • Replacement Cost: The insurance company would reimburse for the whatever amount it would cost to replace the item(s) on the current market

Aside from receiving liability coverage which protects you from being sued, your policy may also cover you for temporary accommodations if you have to temporarily live elsewhere until the repairs have been completed on your apartment.

You should also be aware there are policy limits that can apply to certain specialty possessions such as art, electronics, jewelry, and collectables, so you may have to buy a special rider or extra coverage for these types of possessions to insure their total value.

How Expensive Is Renters Insurance?

Indianapolis renters insurance policies are fairly inexpensive and typically cost between $150 to $185 per year. The cost will depend on the following:

  • The area where you reside in Indianapolis; you can expect to pay slightly more if you live in a high crime area
  • The deductible on your policy; you pay less for your premium if you assume a higher deductible
  • The amount of coverage you have on your policy
  • Whether you choose market value or replacement cost coverage

Ready to Save on Renters Insurance?

Our independent agents shop around to find you the best coverage.

Where Can I Find Affordable Renters Insurance In Indianapolis?

You can find affordable Indianapolis renters insurance for your rented home simply by contacting a knowledgeable independent agent in the Trusted Choice network.

These independent agents can assist you in finding the most suitable policy so you don’t have to worry about the expense of having to replace your special and important personal possessions, or being caught without protection in a liability lawsuit. Contact an agent right now for competitive Indianapolis renters insurance quotes to compare; you’ll be able to protect your possessions and your livelihood.

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