Average homeowners insurance cost in Evansville, Indiana

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Our data shows that the average cost of homeowners insurance in Evansville is $3,082 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $500 more than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Evansville depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Allstate is the cheapest homeowners insurance company in Evansville with an average annual premium of $1,154 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Evansville. Keep reading to learn about the monthly cost of homeowners insurance in Evansville, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Evansville.

Key Takeaways

In Evansville, homeowners insurance costs $3,082 annually.
Allstate offers the most affordable homeowners insurance in Evansville with an average annual premium of $1,154 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $709 higher.

Average homeowners insurance cost per month

Residents of Evansville pay an average of $257 per month for homeowners insurance. This is $10 more than the state average of $247 and $42 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Evansville can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Evansville, IN, homeowners pay an average of $2,373 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Evansville

According to a rate analysis by Insure.com, homeowners in Evansville pay an average of $3,082 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $709 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Evansville by company

Among the carriers we analyzed, Allstate is the most affordable homeowners insurance company in Evansville. Its average annual rate for homeowners in Evansville is $1,154 , while Indiana Farmers ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Evansville and compiled a list of the most affordable home insurance companies.

Below are details of Evansville home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,154
Indiana Farmers	$1,903
American Family	$2,400
Erie Insurance	$2,481
Nationwide	$2,601
Auto-Owners	$3,219
Farmers	$3,629
Travelers	$7,636
State Farm	$2,154
Indiana Farm Bureau Grp	$4,232
USAA*	$2,660

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Indiana that can impact your home insurance

Living in Indiana comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Indiana is commonly affected by Cold wave, Strong wind, Tornado, and Winter weather.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Check for coverage gaps before it’s too late

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Evansville for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.