Home Renters insurance Renters insurance cost Indiana Fishers, IN Average renters insurance cost in Fishers, Indiana The average cost of renters insurance in Fishers is $240 per year or $20 per month. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite 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. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: May 5, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Renters insurance in Fishers, costs $240 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $9 less than the state average of $249 annually.Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism. Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Fishers.Key TakeawaysRenters insurance costs an average of $240 per year or $20 per month in Fishers.State Farm has the cheapest renters insurance for Fishers renters at $12 per month.Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.What is the average cost of renters insurance per month in Fishers?On average, renters in Fishers pay $20 per month for renters insurance, which is $1 less than the state average of $21. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.The cost of renters insurance in Fishers varies depending on your insurance company and the coverage limit you buy. Renters in Fishers typically pay $14 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $6 in your monthly premium.Choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.How much is renters insurance in Fishers by deductible?Renters insurance in Fishers costs an average of $181 per year for a $500 deductible and $20,000 in personal property coverage.The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $12 annually.The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.Deductible$20,000 personal property$40,000 personal property$60,000 personal property$500$181$257$331$1,000$169$240$309Note: The liability protection coverage is $100,000.Who offers cheap renters insurance in Fishers?Your search for the cheapest renters insurance company ends here.State Farm offers the cheapest renters insurance in Fishers at $144 a year or $12 per month. According to our data, Indiana Farmers Insurance ranks second on our list followed by Farmers. Below are the average annual and monthly rates of the cheap renters insurance companies in Fishers.Renter insurance providerAverage annual rateAverage per month rateState Farm$144$12Indiana Farmers Insurance$171$14Farmers$198$17Nationwide$241$20Erie Insurance$266$22American Family$271$23Allstate$282$24Auto-Owners$366$31Travelers$473$39Indiana Farm Bureau$501$42USAA$110$9Tips for reducing the cost of renters insuranceBelow are some tips to help you save on renters insurance in Fishers:Bundle policies. If you have other policies through the same insurer, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Fishers offer savings for bundling policies.Increase your deductible. Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.Choose the right coverage amount. Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.Limit small claims. Filing multiple small claims can drive up your rates. Consider paying for minor damages yourself to keep your premium low.Shop around for quotes. Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Fishers to find the best coverage at the lowest price.Renters in Fishers should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.MethodologyInsure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Fishers in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment. How much is renters insurance in other cities?EvansvilleFort WayneIndianapolisSouth BendShivani GiteContributing 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. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? 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By Sarah Sharkey Cost of living comparison by state By Chris Kissell On this page What is the average cost of renters insurance per month in Fishers?How much is renters insurance in Fishers by deductible?Who offers cheap renters insurance in Fishers?Tips for reducing the cost of renters insuranceMethodology ZIP Code Please enter valid ZIP See rates