Average homeowners insurance cost in Indiana

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Home insurance in Indiana costs an average of $2,969 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. Allstate 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 $2,969 a year, based on our data.
Of all the ZIP codes in Indiana, 46530 has the most affordable home insurance rates at around $2,572 annually.
In Indiana, Allstate provides the most affordable home insurance at an average annual premium of $1,160.

What is the average cost of homeowners insurance in Indiana?

The average homeowners insurance premium in Indiana is $2,969 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

On average, homeowners in Indiana pay $2,969 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $3,696 in Indiana.

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 $100,000 Liability and None Deductible	$2,293	$191
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,313	$193
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,969	$247
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,991	$249
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,696	$308
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,720	$310
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,354	$446
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,381	$448
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$8,465	$705
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$8,497	$708

Average home insurance cost in Indiana by insurer

Allstate has the lowest average homeowners insurance premiums in Indiana at $1,160 per year. Indiana Farmers Insurance 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
Allstate	$1,160	$97
Indiana Farmers Insurance	$1,667	$139
State Farm	$2,139	$178
American Family	$2,256	$188
Erie Insurance	$2,446	$204
Nationwide	$2,798	$233
Auto-Owners	$3,118	$260
Farmers	$3,518	$293
Indiana Farm Bureau	$4,407	$367
Travelers	$8,865	$739
USAA*	$2,435	$203

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

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in Indiana is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

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 rates in Indiana

The most affordable rates are in 46530, where homeowners pay $2,572 per year on average.

Not every area in Indiana has the same home insurance cost. How much you pay for homeowners insurance in Indiana depends on many factors, including your ZIP code.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Indiana.

ZIP code	Average annual rate	Average monthly rate
46530	$2,572	$214
46528	$2,577	$215
46526	$2,592	$216
46517	$2,603	$217
46514	$2,605	$217
46556	$2,610	$218
46565	$2,613	$218
46540	$2,616	$218
47901	$2,641	$220
46567	$2,642	$220

Most expensive ZIP codes for home insurance rates in Indiana

46403 has the highest rates in Indiana at an average of $3,752 per year.

Home insurance costs more in certain ZIP codes due to higher crime rates, natural disaster risk, and living costs.

Below, we’ve highlighted some of the most expensive ZIP codes in Indiana for home insurance:

ZIP code	Average annual rate	Average monthly rate
46403	$3,752	$313
46407	$3,644	$304
46404	$3,632	$303
46183	$3,627	$302
47683	$3,586	$299
47584	$3,561	$297
46408	$3,554	$296
47863	$3,540	$295
47455	$3,536	$295
47146	$3,527	$294

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 are the best homeowners insurance companies in Indiana?

Based on our data, Indiana Farmers Insurance stands out as the top choice in Indiana. It earns an AM Best rating of A and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Indiana by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Indiana Farmers Insurance	$1,667	A	0.31	5
Auto-Owners	$3,118	A++	0.33	4.83
American Family	$2,256	A	0.37	4.77
Indiana Farm Bureau	$4,407	A++	0.42	4.42
Farmers	$3,518	A	0.54	4.18
Nationwide	$2,798	A+	0.87	4.04
Allstate	$1,160	A+	0.9	3.99
State Farm	$2,139	A++	0.95	3.78
Travelers	$8,046	A++	0.54	3.5

How to understand insurer ratings and complaint data

Picking an insurer really comes down to whether they pay when you file a claim, and whether they treat you well along the way. You don’t have to guess – independent rating agencies track this data so you can choose with confidence, whether you’re signing up or renewing.

These are the two ratings we’ve used:

AM Best is a global agency that scores insurers on their financial strength and ability to pay claims. The higher the rating, the more stable the company.
NAIC Complaint Index, run by the National Association of Insurance Commissioners, tracks consumer complaints. A score of 1.00 is the industry average; below 1.00 means fewer complaints than expected for the company’s size, and above 1.00 means more.

What factors affect your home insurance rate?

Insurers price home insurance based on the level of risk your property and profile represent. They decide that based on:

Where you live. Local crime rates, weather exposure, and claims frequency in your neighborhood all influence your rate.
Your claims history. A history of past claims typically results in a higher premium.
Your credit-based insurance score. In most states, a lower credit score can mean a higher premium (Restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. Higher coverage or a lower deductible will increase what you pay.

It’s also worth noting that home insurance costs have been rising broadly. According to S&P Global Market Intelligence’s RateWatch application, premiums for owner-occupied homes climbed more than 11% nationwide in 2023.

Resources and methodology

Source

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

Methodology

Insure.com partnered with Quadrant Information Services to gather homeowners insurance data, drawing from 20,739,560 quotes across 82 national and regional insurers and 34,588 ZIP codes.

Sample rates are based on a homeowner profile with good credit and the following coverage levels:

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

The best companies list was determined using average annual cost, NAIC complaint score, and AM Best rating. All rates are intended for comparison and individual results will 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.