Tracking down the cheapest homeowners insurance for you takes some digging and comparing quotes from multiple home insurance companies.
Home insurance companies gauge risk differently from one another. One insurer may put more emphasis on one metric and not as much on another.
That’s why getting quotes from at least three homeowners insurance companies is an essential part of shopping for the cheapest homeowners insurance in Indiana. We found that Allstate has the lowest average home insurance rates in Indiana at $1,424 per year on average.
Let’s take a look at homeowners insurance in Indiana and how to find the best home insurance rates.
Key Takeaways
- In Indiana, the cheapest homeowners insurance is offered by Allstate at $1,424 per year for $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible.
- The zipcode 46818 in Indiana offers the homeowners insurance at the cheapest rate of $2,054 per year.
Cheap homeowners insurance companies in Indiana
Allstate, Nationwide and Farmers have the three cheapest Indiana homeowners insurance rates, on average.
Here are average annual premium for homeowners insurance in Indiana for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Allstate | $1,424 | $119 |
| Nationwide | $1,806 | $151 |
| Farmers | $2,046 | $171 |
| Depositors Insurance | $2,090 | $174 |
| Travelers | $2,132 | $178 |
| Travco | $2,185 | $182 |
| USAA | $2,320 | $193 |
| American Family | $2,369 | $197 |
| Garrison | $2,678 | $223 |
| State Farm | $2,937 | $245 |
| Property Owners | $3,543 | $295 |
| United Farm Family | $3,767 | $314 |
| Foremost | $3,978 | $332 |
Compare cheap homeowners insurance in Indiana by ratings
Experts at Insure.com compared the cheapest homeowners insurance companies in Indiana based on J.D. Power score and AM best rating. Among the carriers surveyed, USAA received the highest J.D. power score — 882 out of 1000.
Find below the list of cheap homeowners insurance companies and J.D. Power score and AM Best rating.
| Company | J.D. Power score | AM Best rating |
|---|---|---|
| USAA | 882 | A++ |
| State Farm | 835 | A++ |
| American Family | 831 | A |
| Allstate | 829 | A+ |
| Farmers | 813 | A |
| Nationwide | 812 | A+ |
| Travelers | 800 | A++ |
How much is home insurance in Indiana
The average homeowners insurance in Indiana is $2,423 for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.
Beyond location, insurance providers also consider claims history for you, your home and the area; building costs; coverage level; and credit history.
Filing multiple claims is one way to see much higher home insurance premiums.
| Average annual premium | Average monthly premium |
|---|---|
| $2,423 | $202 |
Cheapest homeowners insurance in Indiana by ZIP code
Homeowners insurance costs vary in Indiana. Location, including ZIP code, is just one aspect of home insurance costs.
Here are the average home insurance cost by city/ZIP codes in Indiana:
| ZIP code | Average annual premium | Average monthly premium |
|---|---|---|
| 46818 | $2,054 | $171 |
| 46814 | $2,065 | $172 |
| 46845 | $2,066 | $172 |
| 46748 | $2,089 | $174 |
| 46808 | $2,099 | $175 |
| 46805 | $2,107 | $176 |
| 46815 | $2,110 | $176 |
| 46804 | $2,112 | $176 |
| 46802 | $2,116 | $176 |
| 46765 | $2,118 | $176 |
| 46835 | $2,119 | $177 |
| 46788 | $2,125 | $177 |
| 46704 | $2,127 | $177 |
| 46798 | $2,128 | $177 |
| 46819 | $2,129 | $177 |
