Best condo insurance companies in Indiana

In Indiana, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Indiana. Below are the best condo insurance companies in Indiana based on Insurance.com’s analysis.

CompanyAnnual premiumAM Best ratingNAICInsurance.com rating
Indiana Farmers$291A0.31
5.0
Travelers$977A++0.54
4.7
Erie Insurance$541A+0.38
4.5
American Family$576A0.37
4.4
Auto-Owners$709A++0.33
4.3
Farmers$467A0.54
4.2
Indiana Farm Bureau Grp$718A++0.42
4.2
State Farm$285A++0.95
3.9
Allstate$385A+0.90
3.7
Nationwide$669A+0.87
3.3
Data updated in 2024
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Average cost of condo insurance in Indiana

The average cost of condo insurance in Indiana is $590 a year or $49 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$590$49
Data updated in 2024
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Condo insurance calculator

Average condo insurance rates in Indiana
Please enter valid zip code
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

Most & least expensive ZIP codes for condo insurance in Indiana

Most expensive

ZIP codeCityHighest rate
46282Indianapolis$707
46183West Newton$695
46222Indianapolis$677
46203Indianapolis$676

Least expensive

ZIP codeCityLowest rate
47330Centerville$518
47981Romney$520
46787South Whitley$521
46764Larwill$522
Data updated in 2024
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Condo insurance rates in Indiana by coverage level

Based on a rate study by Insurance.com, State Farm provides the lowest condo insurance rates in Indiana based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.

Indiana Farmers is the next cheapest option, offering low-cost condo insurance in Indiana at $291 per year. However, rates vary by coverage level.

The table below shows condo insurance rates from several top companies at various coverage levels.

Company$40,000 contents/$100,000 liability$40,000 contents/$300,000 liability$60,000 contents/$100,000 liability$60,000 contents/$300,000 liability$80,000 contents/$100,000 liability$80,000 contents/$300,000 liability$100,000 contents/$100,000 liability$100,000 contents/$300,000 liability
State Farm$243$253$275$285$296$306$315$325
Indiana Farmers$226$238$279$291$324$336$368$380
Allstate$316$337$364$385$411$433$453$474
Farmers$385$433$419$467$456$504$491$539
Erie Insurance$358$410$471$541$555$640$648$747
American Family$499$524$550$576$591$618$625$654
USAA$607$607$660$660$706$706$744$744
Nationwide$622$625$666$669$708$712$754$759
Auto-Owners$612$618$703$709$806$813$910$916
Indiana Farm Bureau Grp$585$591$712$718$860$866$1,014$1,020
Travelers$816$843$945$977$1,059$1,095$1,209$1,253
Data updated in 2024
Read our full methodology

Condo insurance rates by company in Indiana

Rates for condo insurance by company in Indiana vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Indiana. The cheapest company for condo insurance in Indiana is State Farm. Indiana Farmers Insurance, and Allstate, are the second and third cheapest options.

CompanyAverage annual rateAverage monthly rate
State Farm$285$24
Indiana Farmers$291$24
Allstate$385$32
Farmers$467$39
Erie Insurance$541$45
American Family$576$48
USAA$660$55
Nationwide$669$56
Auto-Owners$709$59
Indiana Farm Bureau Grp$718$60
Travelers$977$81
Data updated in 2024
Read our full methodology

Compare condo insurance rates by city in Indiana

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Indiana.

CityAnnual insurance premium
Bloomington
$552
Carmel
$567
Evansville
$559
Fishers
$559
Fort Wayne
$555
Fowler
$518
Greenfield
$556
Greenwood
$583
Hammond
$582
Indianapolis
$629
Lafayette
$543
Muncie
$555
Noblesville
$560
Oakland City
$532
South Bend
$602
Valparaiso
$545
Data updated in 2024
Read our full methodology

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.

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