Average renters insurance cost in Fort Wayne, IN

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.

In Fort Wayne, the average cost of renters insurance is $234 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $15 less than the state average of $249 per year.

Renters insurance costs can vary based on the coverage you choose and the amount of liability protection included in your policy. If you’re living in a rental, it’s a smart way to protect your personal belongings from things like fire, smoke, theft, vandalism, and other covered incidents.

Let’s take a look at the cheapest renters insurance options in Fort Wayne.

Key Takeaways

Renters insurance costs an average of $234 per year or $20 per month in Fort Wayne.
State Farm has the cheapest renters insurance for Fort Wayne 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 Fort Wayne?

The average monthly cost of renters insurance in Fort Wayne is $20, which is $1 less than the state average of $21. This rate is for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Fort Wayne pay $14 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $6.

Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.

How much is renters insurance in Fort Wayne by deductible?

The average cost of renters insurance in Fort Wayne is $177 annually for a $500 deductible and $20,000 in personal property coverage

Your deductible is the amount you must pay out of pocket before your insurance kicks in. If you raise your deductible, your premiums will decrease. For example, if you maintain $20,000 in personal property coverage but increase your deductible from $500 to $1,000, you’ll save $12 annually on your insurance.

Below, you’ll find average renters insurance premiums for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$177	$251	$322
$1,000	$165	$234	$302

Note: Liability coverage is set at $100,000.

Who offers affordable renters insurance in Fort Wayne?

State Farm provides the cheapest rates in Fort Wayne, with an annual premium of $144 or $12 per month. Indiana Farmers Insurance is the second-cheapest company, followed by Farmers.

Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$144	$12
Indiana Farmers Insurance	$182	$15
Farmers	$196	$16
Nationwide	$222	$18
American Family	$265	$22
Allstate	$282	$24
Erie Insurance	$308	$26
Auto-Owners	$366	$31
Indiana Farm Bureau	$429	$36
Travelers	$466	$39
USAA*	$105	$9

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

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Fort Wayne:

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 Fort Wayne 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 Fort Wayne to find the best coverage at the lowest price.

Renters in Fort Wayne 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.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Fort Wayne 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?

See rates in your city

Evansville

Indianapolis

South Bend

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.