Indiana Home Insurance at a Glance
For the same house, home insurance in Indiana averaged $2,726 a year ($227 a month) across the 2 insurers we compared, 12.1% below the average of the 50 states and D.C. That’s for a 2,000 sq ft wood-frame house with a composition roof, built in 1997 and insured for $300,000 with a $1,000 deductible.
For the same home, prices among the 2 insurers we compared ranged from $206 to $248 a month, a $42-a-month gap for identical coverage. These are sample prices for one example home, not quotes or offers.
- $300K dwelling
- $1,000 deductible
- $300K liability
- Built 1997
- Composition roof
- 2,000 sq ft wood-frame house
- See the homes we priced
Rates as of Sept. 30, 2026 · Page updated Oct. 27, 2026
Indiana home insurance: key numbers
- Home
- $2,726/yr $227/mo
- Renters
- $274/yr $23/mo
- Condo
- $386/yr $32/mo
How much is homeowners insurance in Indiana?
Homeowners insurance in Indiana averages $227 a month for the house we priced, with rates as of Sept. 30, 2026. The 2 major insurers we compared are State Farm and Erie, and each one priced our sample home in all 299 Indiana ZIP codes in our data, which span 86 counties. For this house, Indiana is the 25th least expensive of the 50 states and D.C. Only 2 major insurers priced our sample home in Indiana in our data, so this average reflects just those two; local and regional insurers we didn’t price may charge more or less, so compare several quotes.
Our figures are for a $300,000 dwelling; insuring a larger or costlier house for more usually costs more.
For the same insurers and ZIP codes, the Indiana average rose 9.6% since Nov. 2025, from $2,488 a year ($207 a month) on Nov. 30, 2025, to $2,726 ($227) on Sept. 30, 2026, as State Farm’s rose 13.6% and Erie’s rose 6.4%.
Homeowners insurance averages by insurer in Indiana for our sample home (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $206 | $2,474 |
| Erie | $248 | $2,978 |
State Farm averaged $206 a month ($2,474 a year) and Erie $248 ($2,978) for our sample home.
Same sample home: each insurer’s average yearly price in the same Indiana ZIP codes, Nov. 30, 2025 and Sept. 30, 2026
| Insurer | Nov. 30, 2025 (per year) | Sept. 30, 2026 (per year) | Change |
|---|---|---|---|
| State Farm | $2,178 | $2,474 | +13.6% |
| Erie | $2,799 | $2,978 | +6.4% |
All 2 insurers in the table priced the same 299 Indiana ZIP codes on both dates. Priced on only one date, so not in the table: Allstate (Nov. 30, 2025 only).
By ZIP code: each insurer’s yearly price for the same house changed with the Indiana address:
- State Farm ran from $2,072 to $3,015 a year by ZIP code and priced all 299 Indiana ZIP codes in our data.
- Erie ran from $1,847 to $4,675 a year by ZIP code and priced all 299 Indiana ZIP codes in our data.
Who has the cheapest homeowners insurance in Indiana?
With only 2 insurers in our data for Indiana home insurance, we show both averages instead of calling one the lowest in the state: State Farm $206 and Erie $248 a month for our sample home. Local and regional insurers we didn’t price may charge less for home insurance, so compare a few quotes.
What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In Indiana, ZIP code averages for this house ran from $170 a month in Fort Wayne to $310 in Evansville, while insurers’ statewide averages ran from $206 to $248.
Your ZIP code matters
Where is home insurance cheapest in Indiana? Costs by city
For the same house, Fort Wayne has the lowest average of the cities in the table with at least 5 ZIP codes, $196 a month, and Evansville the highest, $254, 11.7% above the state average. 4 more cities have only 3 or 4 ZIP codes in our data and are marked as small samples.
Same sample home: average home insurance prices in 12 Indiana cities (rates as of Sept. 30, 2026)
| City | Per month | Per year | vs. state |
|---|---|---|---|
| Fort Wayne 16 ZIP codes | $196 | $2,354 | −13.7% |
| Elkhart 3 ZIP codes, small sample | $196 | $2,355 | −13.6% |
| Lafayette 3 ZIP codes, small sample | $210 | $2,515 | −7.8% |
| South Bend 9 ZIP codes | $216 | $2,597 | −4.8% |
| Muncie 3 ZIP codes, small sample | $218 | $2,615 | −4.1% |
| Hammond 4 ZIP codes, small sample | $219 | $2,626 | −3.7% |
| Gary 7 ZIP codes | $221 | $2,656 | −2.6% |
| Bloomington 5 ZIP codes | $228 | $2,739 | +0.5% |
| Anderson 5 ZIP codes | $230 | $2,758 | +1.2% |
| Indianapolis 35 ZIP codes | $251 | $3,009 | +10.4% |
| Terre Haute 5 ZIP codes | $252 | $3,023 | +10.9% |
| Evansville 8 ZIP codes | $254 | $3,044 | +11.7% |
| Indiana 299 ZIP codes | $227 | $2,726 | Baseline |
Each city covers the ZIP codes in our data with that city as their main mailing address; small sample means fewer than 5 ZIP codes.
Lowest vs. highest ZIP code for our sample home (rates as of Sept. 30, 2026)
Lowest
46845
Fort Wayne (Allen County)
$170/mo
$2,043 a year
Highest
47713
Evansville (Vanderburgh County)
$310/mo
$3,723 a year
Of the 299 Indiana ZIP codes we priced, Evansville’s 47713 had the highest average for our sample home, about 1.8 times that of the lowest, 46845 in Fort Wayne.
The five highest-priced ZIP codes are 47713 in Evansville ($310 a month), 46113 in Camby ($301 a month), 46168 in Plainfield ($295 a month), 46131 in Franklin ($288 a month) and 46106 in Bargersville ($283 a month).
The five lowest-priced ZIP codes are 46845 in Fort Wayne ($170 a month), 46804 in Fort Wayne ($170 a month), 46835 in Fort Wayne ($173 a month), 46706 in Auburn ($173 a month) and 46590 in Winona Lake ($174 a month).
Same house, different state: how does Indiana compare?
Of Indiana’s 4 neighbors, 3 have a higher average for the identical house and 1 a lower one: Indiana’s $227 a month compares with $171 in Ohio and $382 in Michigan.
Same sample home: average home insurance prices in Indiana, neighboring states and the 50 states and D.C. (rates as of Sept. 30, 2026)
| Place | Per month | Per year | Indiana vs. this place |
|---|---|---|---|
| Indiana | $227 | $2,726 | Baseline |
| Ohio | $171 | $2,049 | +33.0% |
| Illinois | $232 | $2,788 | −2.2% |
| Kentucky | $294 | $3,533 | −22.8% |
| Michigan | $382 | $4,586 | −40.6% |
| Average of the 50 states and D.C. | $258 | $3,101 | −12.1% |
Same sample house in every state; each figure averages every insurer we priced there, so one high-priced insurer can lift a state’s average.
Of the other 49 states and D.C., 24 have a lower average for this house than Indiana and 26 a higher one.
Compare all states: home insurance costs for the same house in all 50 states and D.C.
What does an Indiana homeowners policy cover?
A standard homeowners policy pays to repair or rebuild after covered damage such as fire, lightning, wind and hail, theft and some water damage from burst pipes; flood and earthquake damage need separate coverage. All six coverages below are inside the $2,726-a-year Indiana average for our sample home.
- Dwelling ($300,000): the house itself, from the foundation to the roof.
- Other structures ($30,000): a detached garage, carport, fence or shed.
- Personal property ($150,000): furniture, clothes and electronics.
- Loss of use ($30,000): a rental and other extra costs while repairs keep you out.
- Personal liability ($300,000): legal defense and damages if you’re responsible for someone’s injury or property damage.
- Medical payments ($5,000): smaller medical bills for a guest hurt at your home.
Say a storm damages the roof and the repair costs $15,000. With the $1,000 deductible we priced, the policy would pay up to $14,000. With a 2% wind and hail deductible on the same $300,000 house, you’d pay the first $6,000 instead, and the policy up to $9,000.
Is $200 a month a lot for home insurance in Indiana?
It’s less than our sample home costs in Indiana: $227 a month, the 25th least expensive of the 50 states and D.C. None of the 2 insurers we compared averaged under $200 for it; the lowest averaged $206. If a quote for your home is near $200, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.
Why your Indiana quote may differ from these prices
Use our one-house figures as a starting point when you compare home insurance quotes for yours.
Your roof: Our sample house has a composition roof, and we priced it without a roof age. Insurers often charge more for older roofs, so ask how your roof’s age and material change your quote.
Your claims and credit: a recent claim, or weaker credit where an insurer uses it, can push an Indiana quote above the $227 a month our claim-free, good-credit owner averages.
Your deductibles: our house has one $1,000 deductible for covered losses other than a hurricane. If your policy has a separate percentage deductible for wind and hail, your premium and your out-of-pocket cost after a storm will both differ from ours.
What is the 80% rule in homeowners insurance?
The Indiana Department of Insurance explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.
What drives home insurance prices in Indiana?
For our sample house, Indiana is the 25th least expensive of the 50 states and D.C. Our figures don’t separate causes; these official records show what Indiana homes face.
Indiana averages 22 tornadoes a year, the National Weather Service office in Indianapolis says.
In 26 Indiana counties, coverage for damage from collapsed underground coal mines can be added to a homeowners policy through the state’s Mine Subsidence Insurance Fund.
How do wind and hail deductibles work in Indiana?
Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample home request also includes a 2% hurricane deductible, a setting we use in every state; real Indiana policies may use a separate wind and hail deductible, so ask for yours.
Your wind and hail deductible in dollars (illustration only)
| Dwelling coverage | 1% | 2% | 5% |
|---|---|---|---|
| $200,000 | $2,000 | $4,000 | $10,000 |
| $300,000 (our sample home) | $3,000 | $6,000 | $15,000 |
| $400,000 | $4,000 | $8,000 | $20,000 |
The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, more than the $2,726 a year that house averages in Indiana.
A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.
How to find cheaper home insurance in Indiana
For our sample home, Indiana insurers’ statewide averages ran from $2,474 to $2,978 a year. These are the levers you control; how much each one moves a quote depends on the insurer and the house, and none of them comes with a promised price.
Compare at least three insurers: even one insurer’s price moves a lot by address: Erie’s for our sample home ran from $1,847 to $4,675 a year depending on the Indiana ZIP code.
Price two deductibles: ask each insurer for the premium at your current deductible and one step higher, and keep any percentage wind and hail deductible in dollars in mind (2% of $300,000 is $6,000, about 26 months of Indiana’s $227-a-month average premium).
Ask about a tougher roof and safety devices: impact-resistant roofing, smoke detectors, burglar alarms and dead-bolt locks are common discounts to ask about.
Bundle with care: some insurers take roughly 5% to 15% off when you buy home and car insurance together, the Insurance Information Institute says; compare both ways before you decide.
Keep the coverage you need: insuring at least 80% of the rebuilding cost protects you on partial losses, so a lower price that comes from a lower limit can cost you after a large claim.
Guard a clean record: our sample owner has no claims in 10 years, and the $227-a-month Indiana average assumes that clean record; a recent claim can raise a quote.
What if an insurer won’t renew your Indiana home?
Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the Indiana Department of Insurance at 800-622-4461.
If at least three insurers have turned you down, the Indiana FAIR Plan offers limited property coverage.
In our data, every insurer we compared priced our sample home in all 299 Indiana ZIP codes.
Got a nonrenewal notice?
- Note the date your coverage ends and start shopping now.
- Get quotes from at least three insurers (we compared 2 in Indiana, from $206 to $248 a month for the same house), or ask a licensed agent to compare them for you.
- If insurers turn you down, ask an Indiana-licensed agent about the Indiana FAIR Plan.
- If the notice looks wrong, call the Indiana Department of Insurance at 800-622-4461.
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How much is renters insurance in Indiana?
Renters insurance for our sample renter averages $23 a month ($274 a year) in Indiana. For our sample renter, prices among the 3 insurers we compared ranged from $16 to $27 a month, an $11-a-month gap for the same coverage.
Renters insurance averages by insurer in Indiana for our sample renter (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $16 | $190 |
| Allstate | $25 | $305 |
| Erie | $27 | $329 |
State Farm averaged $16 a month ($190 a year), Allstate $25 ($305) and Erie $27 ($329) for our sample renter.
We don’t name a lowest renters insurer in Indiana (the methodology explains when we do); the renters table above lists every insurer’s average for the same renter, from $16 to $27 a month.
Indiana’s renters average is the 17th most expensive of the 50 states and D.C., 7.1% above their average of $21 a month ($256 a year). Our sample renter’s policy costs about 10% of what our sample home costs to insure in Indiana.
For the same insurers and ZIP codes, the Indiana renters average rose 2.5% since Nov. 2025, from $22 to $23 a month, as Erie’s rose 4.8%, State Farm’s rose 2.5% and Allstate’s didn’t change.
By ZIP code, the Indiana renters average for our sample renter ran from $20 a month in Hebron (46341) to $34 in Gary (46406).
Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims. Rates as of Sept. 30, 2026, from 897 sample prices by 3 insurers across 299 Indiana ZIP codes.
- $40K belongings
- $300K liability
- $1,000 deductible
What does renters insurance cover in an Indiana apartment?
Your landlord’s insurance is for the building; a renters policy is for your belongings and your liability. The policy we priced pays up to $40,000 for belongings after a covered fire, storm or burglary and $300,000 if you’re responsible for someone’s injury or property damage. In Indiana, that package averages $23 a month; flood and earthquake damage need separate coverage.
How we got these renters prices: each insurer’s average across the 299 Indiana ZIP codes in our data. Sample prices, not quotes or offers.
How much is condo insurance in Indiana?
Condo insurance for our sample condo averages $32 a month ($386 a year) in Indiana. For our sample condo, prices among the 3 insurers we compared ranged from $24 to $38 a month, a $14-a-month gap for the same coverage.
Condo insurance averages by insurer in Indiana for our sample condo (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $24 | $292 |
| Allstate | $35 | $415 |
| Erie | $38 | $452 |
State Farm averaged $24 a month ($292 a year), Allstate $35 ($415) and Erie $38 ($452) for our sample condo.
State Farm had the lowest condo average for our sample condo of the insurers anyone can buy from, $24 a month ($292 a year), 29.5% below Allstate’s $415 a year, the next of those insurers. Your unit may price differently, so get a few condo quotes.
Indiana’s condo average is the 18th least expensive of the 50 states and D.C., 19.7% below their average of $40 a month ($481 a year). Our sample condo’s policy costs about 14% of what our sample home costs to insure in Indiana.
For the same insurers and ZIP codes, the Indiana condo average rose 6.1% since Nov. 2025, from $30 to $32 a month, as State Farm’s rose 14.3%, Erie’s rose 7.2% and Allstate’s didn’t change.
By ZIP code, the Indiana condo average for our sample condo ran from $26 a month in Warsaw (46582) to $45 in Indianapolis (46241).
Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.
- $60K unit coverage
- $60K belongings
- $1,000 deductible
- Built 2005
Which part of an Indiana condo is yours to insure?
The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $32 a month in Indiana.
What to check with your HOA before you buy condo insurance
- The master policy: ask the association or manager for its certificate of insurance and declarations page.
- Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
- The master deductible: ask how large it is and whether the association can pass part of it to owners after a storm.
- Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).
Indiana city guides
Home $196/mo
16 ZIP codes in our data
Home $251/mo
35 ZIP codes in our data
You may also want to compare: car + home insurance in Indiana
Many Indiana homeowners insure a car too. Some insurers take roughly 5% to 15% off when you buy home and car insurance from them together (Insurance Information Institute), but the same insurer has to write both policies, and buying both from one insurer isn’t always the lower-priced choice, so compare both ways.
See Indiana car insurance rates · How bundling home and auto insurance works
Frequently asked questions about home insurance in Indiana
How much is home insurance in Indiana?
For the house we priced, Indiana averages $2,726 a year ($227 a month) across the 2 insurers we compared and 299 ZIP codes, with rates as of Sept. 30, 2026. By ZIP code, the average runs from $170 a month in Fort Wayne to $310 in Evansville, so your address matters.
Which Indiana city has the cheapest home insurance?
Of the Indiana cities in our table with at least 5 ZIP codes, Fort Wayne had the lowest average for our sample home, $196 a month, and Evansville the highest, $254.
How much is insurance on a $400,000 house in Indiana?
We priced a $300,000 dwelling, not $400,000. For that house, Indiana averages $227 a month. A $400,000 house usually costs more to insure, so get quotes for your own rebuild cost, and remember the 80% rule.
Does Indiana home insurance cover wind and hail damage?
Generally, yes, minus your deductible: a standard homeowners policy covers wind and hail damage. Some insurers use a separate percentage deductible for wind and hail, so work out what yours means in dollars; on our $300,000 sample house, 2% is $6,000, or $3,274 more than a year of the Indiana average premium for that house.
Is flood damage covered by home insurance in Indiana?
No. A standard Indiana home or renters policy doesn’t cover flooding. You can buy it through federal flood insurance (NFIP) or a private insurer, and a new NFIP policy usually takes 30 days to start, so don’t wait for a storm warning.
Are Indiana home insurance rates going up in 2026?
For the house we priced, the Indiana average rose 9.6% for the same insurers and ZIP codes between Nov. 30, 2025 and Sept. 30, 2026, to $227 a month. Your own renewal depends on your insurer, your home and your claims.
What does renters insurance cost in Indiana?
Our sample renter, insuring $40,000 of belongings with $300,000 liability, pays an average of $23 a month ($274 a year) in Indiana across the 3 insurers we compared.
What does condo insurance cost in Indiana?
Our sample condo, with $60,000 of unit coverage and $60,000 for belongings, averages $32 a month ($386 a year) in Indiana across the 3 insurers we compared.
Who regulates home insurance in Indiana?
The Indiana Department of Insurance licenses insurers, oversees their rates and forms, and helps consumers with complaints about claims and nonrenewals. Its consumer line is 800-622-4461.
Official resources for Indiana homeowners
- Indiana Department of Insurance Consumer help, complaints and licensed insurers. Consumer line: 800-622-4461.
- Indiana FAIR Plan Limited coverage after three insurers say no.
- National Association of Insurance Commissioners: homeowners guide Coverage basics and the 80% rule.
- FEMA Flood Map Service Center The official source for FEMA flood maps.
- FloodSmart FEMA’s site for the National Flood Insurance Program.
How we calculated these prices
We priced the same house with 2 major insurers, and the same apartment and condo with 3 insurers each, in each of the 299 Indiana ZIP codes in our data, using licensed insurance rate data from Quadrant Information Services, with rates as of Sept. 30, 2026. Each Indiana figure is the average of the ZIP-code averages, and monthly figures are yearly figures divided by 12. These are sample prices for one example home, renter and condo, not quotes or offers.
Full details
The homes we priced
- Home (HO-3, a standard homeowners policy): Our sample home is a 2,000-square-foot, two-story wood-frame house with a composition roof, built in 1997, insured for $300,000 with $150,000 for belongings, $300,000 liability and a $1,000 deductible for covered losses other than a hurricane. Our home price requests also set a 2% hurricane deductible, the same setting in every state. The owner is 40, single, has good credit and no claims in 10 years.
- Renters (HO-4, a renters policy): Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims.
- Condo (HO-6, a condo unit-owner policy): Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. Same owner profile as the home.
- All three are in protection class 3 (a fire-protection rating), 1,000 feet from a hydrant and 3 miles from a fire station, with the distance to the coast set at 10 miles in every state’s price requests, so differences between ZIP codes come from how each insurer prices that ZIP code.
How the averages work: for each insurer and ZIP code we used its lowest eligible price, averaged the insurers in each ZIP code, then averaged the ZIP codes, so every ZIP code counts the same. Percentages are worked out before rounding, so they can differ slightly from the rounded dollars shown. The price change compares the same insurers in the same ZIP codes on Nov. 30, 2025, and Sept. 30, 2026.
Which insurers we name: we don’t name a lowest-priced insurer when its lead over the next one is more than 30%, or when it was priced in fewer than 90% of a place’s ZIP codes, and we show the average without any insurer priced at more than twice the others. Each section says which insurer, if any, passed these tests for that line. We also never name an insurer that sells only to members, such as USAA (military families only) or an AAA insurer, and when the two lowest are within 5% of each other we call it a near tie.
Sample: Home: 598 sample prices from 2 insurers across 299 ZIP codes in 86 counties. Renters: 897 from 3 insurers. Condo: 897 from 3 insurers. Indiana here means the 299 Indiana ZIP codes in our rate data; cities group them by main post-office city.
Insurer notes: we review every note an insurer attaches to a price before publishing.
- Auto-Owners’ home prices in 299 ZIP codes, renters prices in 299 ZIP codes and condo prices in 299 ZIP codes are left out: they carry an insurer note we are still reviewing, so they stay out of our averages until we decide.
- Some counted prices carry notes that don’t change the coverage we priced (for example, a note on the covered perils); we keep them.
Comparisons: neighboring-state figures use the same method and rates; the 50-states-and-D.C. figure averages each state’s average and D.C.’s.
Sources for local facts: Indiana Department of Insurance, National Weather Service, Indiana FAIR Plan, National Association of Insurance Commissioners, FEMA, Insurance Information Institute.
Rates as of Sept. 30, 2026; price changes compare prices as of Nov. 30, 2025.
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- About the Author
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
