Updated: December 23, 2025
Advertising & Editorial Disclosure
American Family offers the lowest home insurance rates in Indiana at $1,470 annually, 53% below the state average of $3,136.
Your city affects your premium substantially, with Indianapolis homeowners paying $1,661 through American Family while Elkhart residents pay just $1,262.
Comparing quotes from multiple insurers, asking about all available discounts and bundling policies helps Indiana homeowners find savings on their home insurance premiums.
Indiana homeowners pay an average of $3,136 annually for home insurance, but rates start as low as $1,470 per year. Our analysis found you can save over 50% by choosing the right insurer.
American Family is the cheapest home insurance company in Indiana with the lowest rates at $1,470 annually. USAA follows at $1,904 per year for military families, while State Farm offers accessible coverage at $1,999 through its extensive agent network.
| American Family | 5.00 | $1,470 | -53% |
| USAA | 4.93 | $1,904 | -39% |
| State Farm | 4.92 | $1,999 | -36% |
| Nationwide | 4.90 | $2,130 | -32% |
| Farmers | 4.89 | $2,205 | -30% |
*These rates are based on a house built in 2000 with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible. The insured is assumed to have good credit and no claims in the past five years.
Price matters when choosing home insurance, but customer service and coverage options affect your experience when filing claims. We created a separate guide to the best home insurance companies in Indiana to help you compare insurers across multiple factors beyond cost alone.
Your home's value affects your insurance costs more than any other factor. A $100,000 home in Indiana costs far less to insure than a $1 million property. American Family offers the lowest rates across all coverage levels in our analysis. Use the table below to find the cheapest insurers for your specific dwelling coverage amount.
| American Family | $69 | $826 |
| Nationwide | $87 | $1,050 |
| State Farm | $88 | $1,061 |
| USAA | $92 | $1,098 |
| Farmers | $104 | $1,246 |
Your city affects your home insurance rates due to local crime rates, weather risks and construction costs. American Family charges $1,661 annually in Indianapolis but just $1,262 in Elkhart for the same coverage. American Family offers the lowest rates in all seven cities we analyzed. Find the cheapest insurers in your area.
| American Family | $117 | $1,400 |
| Farmers | $168 | $2,020 |
| Nationwide | $178 | $2,133 |
| State Farm | $167 | $2,006 |
| USAA | $131 | $1,568 |
Your personal profile affects your home insurance rates as much as your property details. Credit score and claims history create the largest rate variations among Indiana homeowners.
Insurers use credit scores to predict claim likelihood, affecting your premium by hundreds of dollars annually. American Family offers the lowest rates across all credit tiers in Indiana, from excellent to below fair credit scores.
| American Family | $137 | $1,647 |
| Farmers | $149 | $1,793 |
| USAA | $194 | $2,329 |
| State Farm | $206 | $2,473 |
| Nationwide | $226 | $2,708 |
Filing claims increases your premiums, but the rate hike varies by insurer. American Family maintains the lowest rates for Indiana homeowners regardless of claims history, from clean records to multiple recent claims.
| American Family | $142 | $1,704 |
| USAA | $184 | $2,207 |
| State Farm | $193 | $2,318 |
| Nationwide | $206 | $2,469 |
| Farmers | $213 | $2,555 |
Finding affordable home insurance in Indiana takes effort, but you can lower your costs with the right approach. Below are our recommendations to help you save on your policy.
Decide on your coverage limits before shopping to avoid buying more than you need. Understanding dwelling coverage, personal property limits and liability protection helps ensure you get adequate coverage without overpaying.
Compare quotes from at least three insurers for identical coverage levels. Average Indiana home insurance rates vary by hundreds of dollars annually between companies, even for the same home and profile. Gather quotes online, through agents and directly from insurers to find your best rate.
Save 15% to 25% by bundling your home insurance with auto coverage. Most Indiana insurers offer multi-policy discounts that reduce both premiums.
Ask agents about every discount you qualify for, as insurers won't apply them automatically. Common Indiana discounts include protective device discounts for monitored alarm systems (5% to 20% savings), claims-free discounts and new home discounts. Wind and hail-resistant roofing can also lower your premium.
Indiana allows credit-based insurance scoring, so improving your credit can substantially lower your rates. Pay bills on time and reduce credit card balances to see premium reductions at your next renewal.
American Family leads Indiana for affordable home insurance at $1,470 annually, but your best rate depends on your home's value, location and personal profile. Compare quotes from at least three insurers to find the best cost and coverage for your needs. Start with the companies on our list and ask about all available discounts to maximize your savings.
Learn more about how to find the most affordable home insurance in Indiana.
Older homes cost more to insure due to outdated electrical, plumbing and roofing systems. You can lower your premium by updating these systems and providing documentation to your insurer. Replacing knob-and-tube wiring, updating your roof and installing a modern HVAC system can reduce your rates. Some insurers offer renovation discounts when you complete major updates.
Roof age affects your premium and coverage eligibility. Most Indiana insurers charge higher rates for roofs over 15 years old, and some won't cover roofs over 20 years without inspection. A new roof can lower your premium and qualify you for additional discounts. Insurers often provide actual cash value coverage instead of replacement cost for older roofs, paying less when you file claims.
Some dog breeds increase your liability premium or disqualify you from coverage entirely. Insurers often consider pit bulls, Rottweilers, German shepherds and Dobermans high-risk breeds. You'll pay more for liability coverage with these breeds, and some insurers may not cover you at all. Disclose your dog when applying, as hiding this information can lead to claim denials.
Indiana doesn't require flood insurance unless you have a federally backed mortgage in a high-risk flood zone. Standard home insurance doesn't cover flood damage, so you need separate flood insurance through the National Flood Insurance Program or private insurers.
We analyzed Indiana rates to identify which companies consistently offer the lowest premiums for homeowners across the state.
Our rate analysis used quote estimates for major insurers from Quadrant Information Services for a standard Indiana home profile. This approach reveals which companies price competitively for typical homeowners rather than niche situations.
Sample Home Profile
We gathered quotes using these specifications to represent a common Indiana homeowner:
This profile reflects a moderately valued home with a clean claims history. Newer homes (built after 1990) get better rates than older properties with outdated electrical and plumbing systems. The $1,000 deductible balances affordable premiums with reasonable out-of-pocket costs when filing claims.
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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
