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

The average cost of renters insurance in Indiana is $22 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

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

Average renters insurance cost in Indiana by company

Renters in Indiana can find the most budget-friendly insurance with State Farm, which has an average annual cost of $176, according to our data. Other affordable options include Indiana Farmers Insurance and Nationwide.

It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.

Below are the average annual and monthly renters insurance rates from various insurers in 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 differ significantly depending on the city. To help you find the best policy for your needs, we’ve compiled a breakdown of average costs by city. Explore the typical renters insurance rates across various locations in Indiana.

Renters insurance rates in Indiana by city

See rates in your city

Average cost of renters insurance in Indiana by ZIP code

The cost of renters insurance in Indiana varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Indiana.

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

Your ZIP code, among other factors, affects how much you pay for renters insurance in Indiana. 46282 is the least affordable ZIP code for Indiana renters at an average cost of $328 a year or $27 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Indiana. Below are the average annual renters insurance costs 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 essential for residents of Indiana. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.

To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.

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.