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.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Indiana Farmers | $291 | A | 0.31 | |
| Travelers | $977 | A++ | 0.54 | |
| Erie Insurance | $541 | A+ | 0.38 | |
| American Family | $576 | A | 0.37 | |
| Auto-Owners | $709 | A++ | 0.33 | |
| Farmers | $467 | A | 0.54 | |
| Indiana Farm Bureau Grp | $718 | A++ | 0.42 | |
| State Farm | $285 | A++ | 0.95 | |
| Allstate | $385 | A+ | 0.90 | |
| Nationwide | $669 | A+ | 0.87 |
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 premium | Average monthly premium |
|---|---|
| $590 | $49 |
Condo insurance calculator
Average condo insurance rates in IndianaMost & least expensive ZIP codes for condo insurance in Indiana
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 46282 | Indianapolis | $707 |
| 46183 | West Newton | $695 |
| 46222 | Indianapolis | $677 |
| 46203 | Indianapolis | $676 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 47330 | Centerville | $518 |
| 47981 | Romney | $520 |
| 46787 | South Whitley | $521 |
| 46764 | Larwill | $522 |
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 |
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.
| Company | Average annual rate | Average 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 |
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.
City Annual insurance premium
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.
Compare Indiana condo insurance rates with other states
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