Average homeowners insurance cost in South Bend, IN

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In South Bend, homeowners pay an average annual rate of $2,853 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $271 more than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In South Bend, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
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 this guide to discover the monthly homeowners insurance cost in South Bend, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in South Bend.

Key takeaways

The average cost of homeowners insurance in South Bend is $2,853 per year.
Allstate is the cheapest homeowners insurance company in South Bend with an average annual premium of $1,084.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $651 more a year for home insurance.

Average homeowners insurance cost in South Bend per month

According to our rate analysis, homeowners in South Bend pay an average of $238 per month. It’s $9 less than the state average of $247 and $23 more than the national average for home insurance across the United States.

In South Bend, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

Average homeowners insurance cost for a $200,000 house in South Bend

In South Bend, IN, homeowners pay an average of $2,202 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 are higher, resulting in higher 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 South Bend

According to a rate analysis by Insure.com, homeowners in South Bend pay an average of $2,853 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 will just have to pay $651 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, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in South Bend by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in South Bend, offering an average annual rate of $1,084.

Indiana Farmers ranks second, while American Family holds the third spot with an average annual rate of $2,076.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in South Bend and compiled a list of the most affordable options.

Below are the details of home insurance companies in South Bend and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,084
Indiana Farmers	$1,473
American Family	$2,076
State Farm	$2,100
Auto-Owners	$2,502
Nationwide	$2,673
Farmers	$3,487
Indiana Farm Bureau Grp	$4,438
Travelers	$6,844
Erie Insurance	$2,226
USAA*	$2,441

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

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in South Bend 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.