Average homeowners insurance cost in Fort Wayne, Indiana

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The average cost of homeowners insurance in Fort Wayne is $2,753 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $171 more than the national average of $2,582 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Fort Wayne depend on a number of factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Fort Wayne, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Fort Wayne.

Key Takeaways

The average cost of homeowners insurance in Fort Wayne is $2,753 per year.
Allstate is the cheapest homeowners insurance company in Fort Wayne with an average annual premium of $1,103 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $628 more a year for home insurance.

Average homeowners insurance cost in Fort Wayne per month

Fort Wayne homeowners pay an average of $229 a month. It’s $18 less than the state average of $247 and $14 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Fort Wayne may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

In Fort Wayne, homeowners pay an average of $2,125 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

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

According to a rate analysis by Insure.com, homeowners in Fort Wayne pay an average of $2,753 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 $628 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 Fort Wayne by company

After comparing several homeowners insurance companies, Allstate offers the lowest rates in Fort Wayne. Its average annual rate for homeowners in Fort Wayne is $1,103 , while Indiana Farmers is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Fort Wayne and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Fort Wayne and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,103
Indiana Farmers	$1,433
State Farm	$1,942
Erie Insurance	$2,079
American Family	$2,106
Auto-Owners	$2,738
Farmers	$3,621
Indiana Farm Bureau Grp	$4,066
Travelers	$6,705
Nationwide	$2,139
USAA*	$2,219

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

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Indiana that can impact your home insurance

Living in Indiana means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

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

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fort Wayne for $300,000 dwelling coverage, $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.