Average Renters Insurance Cost in Indiana

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In Indiana, renters insurance rates depend on factors like your insurer, chosen coverage limits and personal circumstances. On average, renters pay $268 annually or $22 monthly for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.

Key Takeaways

The average cost of renters insurance in Indiana is $268 per year or $22 per month.
State Farm provides the least expensive renters insurance in Indiana at an average rate of $176 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Indiana.

Average renters insurance cost in Indiana per month

In Indiana, the average monthly cost of renters insurance is $22. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find the best deal.

Average renters ins cost per month	Difference compared to national average
$22	$2 less

Average renters insurance cost in Indiana by company

State Farm offers the most affordable renters insurance in Indiana at an average annual rate of $176, followed by Indiana Farmers Insurance and Nationwide, based on our data.

However, you should get multiple quotes from various renters insurance companies in Indiana because the prices vary greatly among carriers.

Below, we have compared the average annual and monthly renters insurance rates of insurance companies across Indiana.

Company	Average annual rate	Average monthly rate
State Farm	$176	$15
Indiana Farmers Insurance	$235	$20
Nationwide	$240	$20
Farmers	$289	$24
American Family	$311	$26
Allstate	$323	$27
Erie Insurance	$343	$29
Auto-Owners	$407	$34
Travelers	$657	$55
USAA*	$126	$11

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

Renters insurance calculator in Indiana

$247/year

Estimated renters insurance rates in Indiana

$21

Monthly renters insurance cost in Indiana

-9%

Compared to national average

Average cost of renters insurance in Indiana by coverage level

The average annual cost of renters insurance in Indiana is $268, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $195 a year for renters insurance in Indiana. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows the average annual renters insurance costs in Indiana for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$189	$16
$20,000 with $500 Deductible and $300,000 Liability	$209	$17
$20,000 with $1,000 Deductible and $100,000 Liability	$175	$15
$20,000 with $1,000 Deductible and $300,000 Liability	$195	$16
$40,000 with $500 Deductible and $100,000 Liability	$265	$22
$40,000 with $500 Deductible and $300,000 Liability	$286	$24
$40,000 with $1,000 Deductible and $100,000 Liability	$247	$21
$40,000 with $1,000 Deductible and $300,000 Liability	$268	$22
$60,000 with $500 Deductible and $100,000 Liability	$339	$28
$60,000 with $500 Deductible and $300,000 Liability	$363	$30
$60,000 with $1,000 Deductible and $100,000 Liability	$318	$26
$60,000 with $1,000 Deductible and $300,000 Liability	$341	$28

Average cost of renters insurance in Indiana by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Indiana and find the best fit for your budget.

Renters insurance rates in Indiana by city

See rates in your city

Average cost of renters insurance in Indiana by ZIP code

Renters insurance costs in Indiana vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.

Most affordable ZIP codes for renters insurance in Indiana

The amount Indiana renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 46943 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $243.

Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in Indiana.

ZIP code	City	Average annual rate	Average monthly rate
46943	Laketon	$243	$20
46835	Fort Wayne	$244	$20
46748	Perry	$247	$21
46590	Winona Lake	$247	$21
46714	Bluffton	$248	$21
46032	Carmel	$248	$21
46761	Clearspring	$248	$21
46738	Garrett	$248	$21
46765	Leo-Cedarville	$248	$21
46544	Mishawaka	$248	$21

Least affordable ZIP codes for renters insurance in Indiana

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Indiana is 46282, with an average cost of $328 a year or $27 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Indiana. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
46282	Indianapolis	$328	$27
46402	Gary	$325	$27
47617	Hatfield	$308	$26
47439	Koleen	$308	$26
47880	Shepardsville	$308	$26
46393	Wheeler	$308	$26
47654	Mackey	$307	$26
47863	New Goshen	$307	$26
46355	Leroy	$306	$26
47878	Seelyville	$306	$26

Final thoughts: Average renters insurance in Indiana

Renters insurance is a must-have for renters in Indiana. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like coverage options, deductibles and customer reviews.

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.