Average homeowners insurance cost in Indiana

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Home insurance in Indiana costs an average of $2,871 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. Indiana Farmers Insurance offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Homeowners insurance costs an average of $2,871 a year, based on our data.
Of all the ZIP codes in Indiana, 46530 has the most affordable home insurance rates at around $2,286 annually.
In Indiana, Indiana Farmers Insurance provides the most affordable home insurance at an average annual premium of $2,050.

What is the average cost of homeowners insurance in Indiana?

The average homeowners insurance premium in Indiana is $2,871 annually for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Indiana? Cost by coverage level

Homeowners insurance in Indiana costs $2,871 per year on average, based on a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,457 per year for homeowners insurance in Indiana for $100,000 in liability protection and a $1,000 deductible.

The table below shows average homeowners insurance costs in Indiana for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$2,196	$183
$200,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,213	$184
$300,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$2,871	$239
$300,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,887	$241
$400,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$3,457	$288
$400,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$3,472	$289
$600,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$4,688	$391
$600,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$4,720	$393
$1,000,000 with $2,500 Deductible and $200,000 Liability and None Hurricane	$6,550	$546
$1,000,000 with $2,500 Deductible and $300,000 Liability and None Hurricane	$6,588	$549

Average home insurance cost in Indiana by insurer

Indiana Farmers Insurance has the lowest average homeowners insurance premiums in Indiana at $2,050 per year. American Family and State Farm also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Indiana, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Indiana Farmers Insurance	$2,050	$171
American Family	$2,255	$188
State Farm	$2,386	$199
Erie Insurance	$2,912	$243
Farmers	$3,120	$260
Nationwide	$3,358	$280
Travelers	$3,572	$298
Auto-Owners	$4,517	$376
USAA*	$2,487	$207

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Indiana.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

How does your ZIP code affect home insurance rates in Indiana?

Your ZIP code is one of the biggest factors in your home insurance rate, because it tells the insurer how much risk comes with your location. Areas with higher crime rates, frequent natural disasters, or high rebuilding costs are treated as higher-risk-and that pushes premiums up.

Below are the most affordable and most expensive ZIP codes for home insurance in Indiana

Most affordable ZIP codes for home insurance in Indiana

46530 has the lowest average home insurance rates in Indiana, with homeowners paying around $2,286 per year.

Home insurance rates aren’t uniform across Indiana. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

Below are average rates for some of the most affordable ZIP codes in Indiana.

ZIP code	Average annual rate	Average monthly rate
46530	$2,286	$191
46818	$2,326	$194
46845	$2,336	$195
46561	$2,353	$196
46808	$2,360	$197
46804	$2,365	$197
46540	$2,372	$198
46809	$2,375	$198
46825	$2,377	$198
46815	$2,389	$199

Most expensive ZIP codes for home insurance in Indiana

At the other end of the spectrum, 47611 has the highest average rates in Indiana at $3,355 per year.

Higher premiums in certain ZIP codes typically reflect greater exposure to crime, natural disasters, and elevated living and rebuilding costs.

Below are some of the most expensive ZIP codes for home insurance in Indiana.

ZIP code	Average annual rate	Average monthly rate
47611	$3,355	$280
47683	$3,324	$277
47654	$3,318	$277
47584	$3,302	$275
46183	$3,289	$274
47617	$3,276	$273
47601	$3,266	$272
47580	$3,262	$272
47649	$3,253	$271
47146	$3,252	$271

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Indiana by city

See rates in your city

What’s the trend in home insurance rates for Indiana?

From the span of 2023 to 2025, Indiana saw home insurance rates increase by 7%, in line with how the state’s insurance market has been trending overall.

The table below breaks down the year-over-year rate changes going back to 2022:

2022 rates	2023 rates	2025 rates
$2,442	$2,680	$2,871

What are the best homeowners insurance companies in Indiana?

Our data points to State Farm as the best overall pick in Indiana, thanks to its AM Best rating of A+ and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in Indiana compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
State Farm	$2,386	A+	1.15	4.57
Travelers	$3,572	A++	0.91	4.52
American Family	$2,255	A	1.07	4.49
Indiana Farmers Insurance	$2,050	A-	0.19	4.47
Erie Insurance	$2,912	A	0.46	4.44
Farmers	$3,120	A	0.89	4.38
Nationwide	$3,358	A	1.34	4.33
Auto-Owners	$4,517	A+	0.39	4.32
USAA*	$2,487	A++	0.46	4.69

*USAA is only available to military community members and their families.

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.