- Best home insurance companies in Indiana: Erie Insurance
- Cheapest home insurance companies in Indiana: Allstate
- Average home insurance cost in Indiana
- Indiana home insurance rates by ZIP code
- Compare homeowners insurance rates by city in Indiana
- Frequently asked questions about Indiana homeowners insurance
- Compare Indiana homeowners insurance rates with other states
Best home insurance companies in Indiana: Erie Insurance
The best home insurance company in Indiana for 2024 is Erie Insurance. Auto-Owners, State Farm, Nationwide, American Family, and Allstate are among the top home insurance companies in Indiana based on price, NAIC complaints, and AM Best financial ratings.
The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | NAIC complaint ratio | Insurance.com score | Average annual rate |
|---|---|---|---|---|
| Erie Insurance | A+ | 0.52 | 4.61 | $2,460 |
| Auto-Owners | A++ | 0.37 | 4.40 | $3,127 |
| State Farm | A++ | 0.83 | 4.13 | $2,267 |
| Nationwide | A+ | 1.05 | 3.73 | $2,809 |
| American Family | A | 0.80 | 3.65 | $2,275 |
| Allstate | A+ | 1.46 | 3.43 | $1,186 |
| Farmers | A | 0.67 | 3.36 | $3,543 |
| Travelers | A++ | 1.10 | 2.60 | $8,092 |
Cheapest home insurance companies in Indiana: Allstate
Below are Indiana home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.
Based on our analysis, Allstate is the cheapest home insurance company for all coverage levels. At $1,186 per year, Allstate offers the most affordable home insurance for $300,000 dwelling coverage, one of the most preferred coverage limits.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| Allstate | $1,055 | $1,186 | $1,319 | $1,669 | $2,366 |
| Indiana Farmers | $1,223 | $1,679 | $2,136 | $3,012 | $4,711 |
| State Farm | $1,829 | $2,267 | $2,518 | $3,376 | $4,696 |
| American Family | $1,815 | $2,275 | $2,713 | $3,562 | $5,141 |
| USAA* | $1,892 | $2,435 | $2,897 | $3,752 | $5,359 |
| Erie Insurance | $1,767 | $2,460 | $3,171 | $4,506 | $7,409 |
| Nationwide | $2,039 | $2,809 | $3,553 | $5,037 | $7,786 |
| Auto-Owners | $2,428 | $3,127 | $3,884 | $5,267 | $9,207 |
| Farmers | $2,678 | $3,543 | $4,859 | $7,499 | $12,687 |
| Indiana Farm Bureau | $3,340 | $4,414 | $5,521 | $8,202 | $13,564 |
| Travelers | $6,603 | $8,092 | $9,455 | $13,964 | $21,574 |
*USAA only provides coverage to military members, veterans and their families.
Average home insurance cost in Indiana
The average cost of homeowners insurance in Indiana is $2,991 a year or $249 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Indiana homeowners insurance companies to get the best deal.
Indiana home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Illinois to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
Home insurance calculator
Average home insurance rates in TexasMost & least expensive ZIP codes for homeowners insurance in Texas
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,164 |
| 77586 | El Lago | $9,906 |
| 77551 | Galveston | $9,536 |
| 77554 | Galveston | $9,358 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 78559 | Iglesia Antigua | $1,956 |
| 78593 | Santa Rosa | $1,999 |
| 79915 | El Paso | $2,008 |
| 79905 | El Paso | $2,009 |
The Indiana Department of Insurance says...
Remember that the amount of insurance on your home is the basis on which the other policy coverages are determined. Insured amounts on personal property, other unattached structures (such as garage, shed, etc.), and additional living expenses (in case damage makes your home temporarily unlivable) are all set percentages of the amount of insurance on your home. Those percentages can usually be increased with a minor premium adjustment.
For example, your contents are typically covered for 50% of the amount on the dwelling. If your policy provides $100,000 insurance on your home, your contents will be insured for $50,000.
The most expensive ZIP codes in Indiana for home insurance
Indiana homeowners insurance rates are the most expensive for ZIP code 46403 with an average annual cost of $3,773.
The most expensive ZIP codes in Indiana are:
| ZIP code | Average annual rates |
|---|---|
| 46403 | $3,773 |
| 46407 | $3,666 |
| 46404 | $3,653 |
| 46408 | $3,575 |
| 46402 | $3,544 |
| 46409 | $3,532 |
The least expensive ZIP codes in Indiana for home insurance
The cheapest ZIP codes for home insurance in Indiana are:
| ZIP code | Average annual rate |
|---|---|
| 46537 | $2,435 |
| 46345 | $2,450 |
| 46771 | $2,452 |
| 46502 | $2,464 |
| 46796 | $2,468 |
| 46346 | $2,469 |
Compare homeowners insurance rates by city in Indiana
Home 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 home insurance for your specific city in Indiana.
City Annual insurance premium
Frequently asked questions about Indiana homeowners insurance
What does standard home insurance cover?
Standard home insurance includes coverage for your dwelling and personal property, in addition to coverage for other structures. Most policies also include liability protection in case there are injuries or damage to property.
How do I get a quote for Indiana home insurance?
To find the cheapest home insurance in Indiana, you can use our homeowner quote calculator to find sample costs for your area and shop the best homeowners insurance in Indiana for your personal needs.
Compare Indiana homeowners insurance rates with other states
Helpful home insurance tools and calculators
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