Allstate is the cheapest home insurance option for most homeowners in Indiana, with an average monthly savings of $413. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Indiana
Updated: May 27, 2025
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Key Takeaways
Farmers, State Farm, Nationwide and Amica offer the lowest-cost home insurance in Texas overall, with potential savings of up to 62%.
Nationwide offers the cheapest homeowners insurance in Texas if you own a new home or have bad credit.
State Farm offers the most affordable home coverage for those in high-risk fire areas in Texas.
What is the Cheapest Home Insurance in Indiana?
| Allstate | $86 | $1,035 | 61% |
| American Family | $119 | $1,433 | 46% |
| State Farm | $160 | $1,922 | 27% |
| Nationwide | $177 | $2,127 | 19% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
Price is important to consider for home insurance, however it's also useful to know about a company's customer service reputation and coverage options. To help, we've created a separate guide to the best home insurance companies in Indiana, giving you more information to make the best decision for your situation.
Cheapest Indiana Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Allstate is typically the cheapest overall, Nationwide offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Allstate | Older Homes | $86 |
| Nationwide | Newer Homes | $54 |
| Allstate | Homes in High Risk Fire Areas | $105 |
| Allstate | Bad Credit | $180 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Indiana Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Allstate | $95 | $1,144 |
| American Family | $119 | $1,433 |
| State Farm | $160 | $1,922 |
| Nationwide | $184 | $2,213 |
| Auto-Owners Insurance | $203 | $2,440 |
Cheapest Indiana Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most cities, State Farm and Nationwide offer lower rates in places like Amarillo and McAllen.
| Evansville | Allstate | $86 |
| Fort Wayne | Allstate | $82 |
| Indianapolis | Allstate | $104 |
| South Bend | Allstate | $83 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Indiana Home Insurance for You
Finding affordable home insurance in Indiana can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Research home insurance costs in Indiana for your profile and available discounts to understand what qualifies as affordable. When ready to buy, ask agents directly about all discounts you may qualify for, as insurers won't apply them automatically.
- 3
Bundle your policies
Net major savings by bundling your home insurance with auto coverage in Indiana.
- 4
Compare multiple companies apples to apples
Once you know your coverage levels and type, compare quotes from different companies for that coverage to get the best deal. We recommend gathering as many quotes as possible using different methods to get your best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Indiana offers a state program through the Indiana FAIR Plan. This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Indiana: Bottom Line
Allstate, American Family, and State Farm are typically Indiana's most affordable home insurance options. If you're denied coverage, the TFPA offers low-cost policies. Still, compare multiple companies, research costs and identify your coverage needs before deciding.
Cheapest Home Insurance Indiana: FAQ
Below are answers to common questions about the cheapest home insurance in Indiana.
What is the cheapest home insurance company in Indiana?
Nationwide offers the lowest rates for newer homes in Indiana at $54 per month or $648 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Allstate.
How expensive is home insurance in Indiana?
Indiana has the 36th-highest home insurance rates in the U.S.
How much is home insurance in Indiana?
The amount of home insurance you need should match the cost to rebuild your home and replace belongings. Consider local risks and special items as well.
While not legally compulsory without a mortgage, lenders generally require dwelling coverage sufficient to rebuild your home should it be destroyed. Coverage levels should align with personal belongings' value, local crime or weather risks, and high-value or irreplaceable possessions.
How much home insurance do I need?
The amount of home insurance you need should match the cost to rebuild your home and replace belongings. Consider local risks and special items as well.
While not legally compulsory without a mortgage, lenders generally require dwelling coverage sufficient to rebuild your home should it be destroyed. Coverage levels should align with personal belongings' value, local crime or weather risks, and high-value or irreplaceable possessions.
How We Found the Cheapest Home Insurance Companies in Indiana
To determine the cheapest home insurance companies in Indiana, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.