Average Renters Insurance Cost in Indiana

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Renters insurance costs in Indiana vary depending on your coverage level, insurance provider, and personal circumstances. On average, renters in Indiana pay $268 per year or $22 per month for a policy that includes $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 cost of renters insurance is $22 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get 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

On average, Indiana renters pay $268 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Indiana to $195 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are 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 rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of Indiana.

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

In Indiana, your ZIP code plays a major role in determining your premiums. Based on our data, 46943 is the most affordable ZIP code for renters insurance, with an average annual cost of $243.

Comparing quotes from multiple insurers in Indiana is a smart way to find the best renters insurance rates for your ZIP code.

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

46282 is the most expensive ZIP code for renters insurance in Indiana, at an average cost of $328 annually or $27 monthly.

We’ve gathered and analyzed quotes from major insurance companies across all ZIP codes in Indiana. The table below shows the average annual renters insurance rates 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.