Average Cost of Homeowners Insurance in Indiana (2025)

The average cost of homeowners insurance in Indiana in 2024 is $2,384. This figure is slightly below the national average of $2,423. Aside from the amount of coverage you get, the insurance provider has the largest impact on premiums, with the difference between the lowest and highest premium amounts reaching $6,081 on average.

If your rates have recently increased, we've analyzed the cheapest policies in the state to guide you to more budget-friendly options. The insurance provider can significantly affect your premium costs.

In Indiana, the average homeowners insurance premium is $2,384 for policies with $250K Dwelling / $125K Personal Property / $200K Liability coverage. This figure is less than the national average home insurance rate.

Understanding how much coverage you need is important for your financial protection. It should be enough to rebuild your home and replace personal belongings in the event of a total loss. Coverage should also include other structures on your property, liability protection and expenses for temporary housing if needed. In Indiana, a basic policy with $100K in dwelling coverage costs an annual premium of $1,423. If your home is larger and you need $500K in dwelling coverage, the premium increases to $3,794.

Indiana homeowners insurance rates vary widely by company. Allstate charges $1,019 per year, well below the state average, while Travelers charges $6,857, far above it.

Shop around among Indiana's top providers to find your best rate. Each company uses different underwriting criteria, which explains the huge price differences for identical coverage.

Homeowners in Indiana with excellent credit pay an average annual premium of $1,417 for homeowners insurance, while those with poor credit face a steep increase at $5,847. Credit scores directly correlate with insurance rates, with a $4,430 difference between the highest and lowest credit ratings.

While you can't improve your credit score immediately, you can improve it over time to lower your rates. In the short term, compare insurers in less than 15 minutes to see which will save you the most.

Your home's construction materials and roof type affect your insurance rate, though not as much as your coverage amount or credit score.

Tile roofs cost less to insure in Indiana because they're more durable. Shake-treated roofs are less resistant to severe weather, so they cost more. For construction, fire-resistant materials like brick or concrete lower your premiums compared to standard wood frame construction.

Here's how different roofing and construction materials affect your rates:

Insuring a new construction home in Indiana averages $1,192 annually, less than the $2,384 average for existing homes. Newer homes benefit from modern construction and adherence to recent building codes, resulting in lower premiums.

In Indiana, homeowners who've maintained a claim-free status for five or more years pay an average annual premium of $2,384 for their homeowners insurance. However, if there's been a single claim filed within the past five years, the average premium jumps to $2,708, an increase of $324 from the baseline. For those with two claims in the same period, the average cost rises to $2,797 annually, $413 above the average premium for claim-free homeowners.

Indiana homeowners insurance costs vary by city, ranging from $2,179 to $2,722 annually. Fort Wayne residents pay the lowest rates at $2,179, while Indianapolis homeowners pay the highest at $2,722 and Evansville residents pay $2,545. Your location affects your rate based on local weather patterns, crime rates and claims history.

Shop smart for Indiana homeowners insurance by comparing quotes and understanding what drives your rate. Here's how to find the best value:

Bundle your home and auto insurance in Indiana to save money. Our analysis found bundling discounts ranging from $219 to $659, averaging 17% savings on your combined premiums. See which companies offer the best home and auto bundles in Indiana.

Ask about these common Indiana homeowners insurance discounts:

• Claims-free discount: Get a lower rate if you haven't filed claims for five years or more
• Protective devices discount: Cut your premium with security systems, smoke detectors or deadbolt locks
• Roof upgrade discount: Lower your rate if you install impact-resistant roofing materials like hail-resistant shingles

Check our guide on how to save with discounts for more ways to lower your rate. Ask about every available discount when you request quotes since not all companies offer the same ones.

Here are answers to common questions about Indiana homeowners insurance costs, coverage and discounts:

These resources can help you find the right coverage and understand Indiana insurance regulations:

• Indiana Department of Insurance: Check complaint ratios, verify your insurer's license and file complaints with the state regulator.
• Affordable Home Insurance in Indiana: Find the cheapest rates for your coverage needs.
• Indiana Homeowners Insurance Calculator: Estimate your insurance costs based on your home's details.
• High-Risk Home Insurance Coverage: Get coverage if you live in a flood zone or have claims history.
• Top Home Insurance Options in Indiana: Compare Indiana's best insurers by coverage, price and customer service.
• Personal Property Coverage Essentials: Figure out how much coverage you need for your belongings.
• Report Insurance Fraud: Report suspected fraud to the National Association of Insurance Commissioners.