Key Takeaways
- Progressive has the cheapest home insurance in Indiana, with premiums averaging $102 a month.
- American Family offers the best customer satisfaction of Indiana’s home insurance companies.
- The average cost of homeowners insurance in Indiana is slightly lower than the national average.
In this article
The cheapest home insurance providers in Indiana
Erie is the cheapest homeowners insurance company in Indiana, charging an average annual premium of $1,222.
Cincinnati Insurance’s average premiums are nearly as cheap at $1,228 a year. The monthly averages for both Erie and Cincinnati are $102. Allstate’s average rate is just a few dollars more at $108 a month.
| Insurance company | Annual premium |
|---|---|
| Erie | $1,222 |
| Cincinnati | $1,228 |
| Allstate | $1,294 |
| Westfield | $1,377 |
| USAA* | $1,635 |
| Indiana Farm Bureau | $1,719 |
| State average | $1,820 |
| State Farm | $1,860 |
| Progressive | $2,031 |
| Nationwide | $2,068 |
| Grange | $2,204 |
| American Family | $2,578 |
| Farmers | $2,624 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
Get cheap home insurance in Indiana
How much is home insurance in Indiana?
The average cost of home insurance in Indiana is $1,820 a year, or $102 a month.
This is 4% lower than the average cost of home insurance in the U.S., which is $1,903 a year, or $159 a month.
Several different factors determine the cost of home insurance, including:
- The age of your home
- The materials used to build your home
- Your insurance claim history
- Your ZIP code
Your home insurance policy’s deductible amount also determines how much you pay for home insurance. The lower your deductible, the higher your premium, in most cases.
In other words, a good way to lower your home insurance premium is to raise your deductible. Just make sure you can afford to pay the deductible you choose if you need to file a claim.
| Deductible amount | Annual premium |
|---|---|
| $500 | $1,912 |
| $1,000 | $1,820 |
| $1,500 | $1,726 |
| $2,000 | $1,634 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your home insurance policy’s dwelling coverage amount impacts your premium, too. In this case, a lower dwelling coverage amount usually means a lower premium as well.
| Dwelling coverage amount | Annual premium |
|---|---|
| $200,000 | $1,507 |
| $275,000 | $1,820 |
| $350,000 | $2,147 |
| $425,000 | $2,501 |
| $500,000 | $2,888 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Don’t choose a low dwelling coverage amount just to save money on your home insurance policy. If you have a mortgage, your lender will likely require you to insure it for its replacement value. You won’t be able to choose a lower amount even if you want to do so.
Given everything that goes into the cost of home insurance coverage, the best way to find a policy that gives you the lowest premium for the coverage you need is to compare home insurance quotes from several companies.
Indiana's best home insurance companies
Erie: Best rates
$1,222 a year
33% lower than state average
$1,820 a year
Erie is the best home insurance company in Indiana due to its cheap premiums, positive customer reputation and range of discounts.
Cheapest average home insurance premium statewide.
Good customer satisfaction ratings.
Offers several discounts, including one for bundling home and auto policies. Average multi-policy discount is around 20%.
Doesn’t offer as many discounts as some other top home insurance providers.
American Family: Best for customer satisfaction
842 out of 1,000
NAIC Complaint Index rating0.14
J.D. Power’s customer satisfaction scores are based on customer surveys that rate home insurers on interaction, policy offerings, price, billing process, policy information and claims. Higher scores are better than lower ones.
Highest score from the J.D. Power 2022 U.S. Home Insurance Study.
Fourth-lowest NAIC Complaint Index rating among companies we surveyed.
Offers numerous discounts, including multi-policy, smart home, loyalty and generational discounts.
Average annual premium of $2,578 is among the highest of the companies we surveyed.
Allstate: Best policy features
$1,294 a year
J.D. Power customer satisfaction score815 out of 1,000
Average rate of $108 a month is only a few dollars a month more than Erie’s.
If you haven’t filed any recent insurance claims, you may earn a discount for switching to Allstate.
If you do file a claim, Allstate’s Claim RateGuard and Deductible Rewards can save you money.
NAIC Complaint Index rating is among the highest of the providers we surveyed.
Access to most appealing policy features requires an upgrade to an enhanced home insurance package.
Customer service ratings for Indiana home insurance companies
Erie has the highest customer service score of Indiana’s most widely accessible home insurance companies. (USAA’s score is higher, but only those with ties to the military qualify for coverage.) Westfield has the lowest complaint index rating.
| Insurance company | Overall satisfaction score |
|---|---|
| Allstate | 815 |
| American Family | 842 |
| Cincinnati | Not included |
| Erie | 827 |
| Farmers | 792 |
| Grange | Not included |
| Indiana Farm Bureau | Not included |
| Nationwide | 816 |
| Progressive | 801 |
| State Farm | 829 |
| USAA* | 884 |
| Westfield | Not included |
| Source: J.D. Power 2022 U.S. Home Insurance Study | |
The NAIC Complaint Index compares insurance companies by confirmed complaints. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected.
| Insurance company | Complaint Index rating |
|---|---|
| Allstate | 0.33 |
| American Family | 0.13 |
| Cincinnati | 0.06 |
| Erie | 0.14 |
| Farmers | 0.39 |
| Grange | 0.54 |
| Indiana Farm Bureau | 0.07 |
| Nationwide | 0.23 |
| Progressive | 0.92 |
| State Farm | 0.35 |
| USAA | 0.31 |
| Westfield | 0.03 |
| Source: National Association of Insurance Commissioners (2022 data) | |
Compare home insurance quotes from top companies
How much does home insurance cost in Indiana by city?
Homeowners in Lafayette pay the lowest average home insurance premium of Indiana’s biggest cities at $1,641 a year.
Gary has the highest home insurance premiums among Indiana’s 10 largest cities. Its average premium is $2,111 a year.
| City | Annual premium |
|---|---|
| Indianapolis | $2,069 |
| Fort Wayne | $1,659 |
| Evansville | $1,843 |
| South Bend | $1,753 |
| Carmel | $1,779 |
| Fishers | $1,796 |
| Bloomington | $1,743 |
| Hammond | $1,844 |
| Lafayette | $1,641 |
| Gary | $2,111 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Indianapolis
Erie is the cheapest homeowners insurance company in Indianapolis, charging an average $1,385 a year.
| Insurance company | Annual premium |
|---|---|
| Erie | $1,385 |
| Westfield | $1,457 |
| Allstate | $1,486 |
| Cincinnati | $1,523 |
| State Farm | $1,841 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Fort Wayne
Homeowners in Fort Wayne can find the cheapest home insurance from Erie, based on our data. Its average premium of $1,065 a year is nearly $800 lower than the state average.
| Insurance company | Annual premium |
|---|---|
| Erie | $1,065 |
| Cincinnati | $1,138 |
| Westfield | $1,197 |
| Allstate | $1,216 |
| Nationwide | $1,540 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Evansville
Erie is the cheapest home insurance company in Evansville, too. Its average premium is $1,190 a year.
| Insurance company | Annual premium |
|---|---|
| Erie | $1,190 |
| Allstate | $1,271 |
| Cincinnati | $1,283 |
| Westfield | $1,471 |
| Indiana Farm Bureau | $1,635 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in South Bend
For cheap home insurance in South Bend, get a quote from Cincinnati Insurance. It charges an average $1,051 a year.
| Insurance company | Annual premium |
|---|---|
| Cincinnati | $1,051 |
| Erie | $1,141 |
| Allstate | $1,191 |
| Westfield | $1,342 |
| Indiana Farm Bureau | $1,719 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does home insurance cost in Indiana by county?
Of Indiana’s 10 largest counties, Elkhart homeowners pay the cheapest home insurance rate of $1,616 a year, on average.
Marion County’s average home insurance rate of $2,068 a year is the highest among the state’s biggest counties.
| County | Annual premium |
|---|---|
| Marion | $2,068 |
| Lake | $1,850 |
| Allen | $1,656 |
| Hamilton | $1,805 |
| St. Joseph | $1,718 |
| Elkhart | $1,616 |
| Tippecanoe | $1,641 |
| Vanderburgh | $1,836 |
| Porter | $1,766 |
| Hendricks | $1,879 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Frequently asked questions
The average cost of homeowners insurance in Indiana is $152 a month. That’s $1,820 a year.
You may pay more or less for home insurance in Indiana than this amount. This is because companies consider several factors when calculating a home insurance quote. Some of these factors include how old your home is, where you live and whether you’ve filed previous insurance claims.
Erie and Cincinnati have Indiana’s cheapest homeowners insurance rate, both averaging $102 a month.
Allstate offers a low average rate of $108 a month, too. The same can be said of Westfield. Its average rate is $115 a month.
Indiana law does not require homeowners to buy insurance. If you have a mortgage, though, your lender will likely require it.
Methodology
We collected quotes from every ZIP code in Indiana for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Home insurance by city
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