Overall, State Farm offers the best life insurance in Indiana and across the country, earning a MoneyGeek score of 99 out of 100 for customer service, affordability, and coverage options. We also recommend GEICO, Haven, Nationwide, and Mutual of Omaha as some of the best affordable alternatives.
Best Life Insurance Companies in Indiana (June 2025)
Updated: June 5, 2025
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Key Takeaways
Though life insurance costs don’t vary by location, the best choices for coverage in Indiana are State Farm, GEICO, Haven, Nationwide, and Mutual of Omaha.
GEICO delivers the cheapest life insurance options in Indiana and nationwide, with monthly rates beginning at $5.
To get the best life insurance in Indiana, we recommend deciding on coverage beforehand, researching costs and companies, and comparing plenty of providers.
Best Life Insurance Providers in Indiana
| State Farm | 99 | $9 |
| GEICO | 98 | $5 |
| Haven | 97 | $9 |
| Nationwide | 97 | $5 |
| Mutual of Omaha | 96 | $6 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Indiana by Category
While the best life insurance provider in Indiana is a solid choice for most, your ideal plan might differ based on your personal profile. Below, we break down the top options for various common profiles.
| Young Adults | Progressive | $2 |
| Seniors | Geico | $21 |
| Smokers | Progressive | $10 |
| High Coverage | Farmers | $17 |
Compare Personalized Best Indiana Life Insurance Picks
To make it easier to find life insurance that suits you best, we've included a filterable table below, helping you match options to your unique profile.
Data filtered by:Results filtered by:
Select
Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
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Term:10
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Health Level:Excellent
| State Farm | 99 | $9 |
| GEICO | 98 | $5 |
| Nationwide | 97 | $6 |
| Haven | 97 | $14 |
| Mutual of Omaha | 96 | $6 |
| Protective | 95 | $9 |
| Prudential | 94 | $8 |
| Allstate | 92 | $6 |
| AAA | 92 | $11 |
| Transamerica | 90 | $6 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Indiana
Discover key tips for choosing the right life insurance plan in the Crossroads of America.
- 1
Decide coverage beforehand
Finding out how much life insurance you need is crucial before purchasing, so you can compare prices fairly and avoid being oversold by agents. This ensures you have the right amount of coverage that suits your needs.
- 2
Research costs for your profile
Checking average life insurance costs for your coverage level and personal profile helps you assess whether you’re getting a good deal. Mostly, location does not impact your life insurance rates, making it easier to streamline your comparisons.
- 3
Compare company reputations
Rates typically don't vary by state, but understanding a company's reputation in your area can lead to better choices. Use resources like J.D. Power, online forums and independent agents to evaluate providers. Coverage options vary by provider, so ensure it offers what you need.
- 4
Compare quotes through multiple avenues
Comparing quotes from multiple companies helps ensure you're getting the best value. Pricing can vary depending on where you get your quotes, whether from an agent or online.
Best Life Insurance in Indiana: Bottom Line
We found the top three life insurance companies in Indiana are State Farm, GEICO, and Haven. While these are our recommendations, do your own research, decide on a coverage level, and compare quotes to get the best deal possible.
Indiana Life Insurance: FAQ
Below are expert answers to frequently asked questions about life insurance in Indiana.
What is the best life insurance in Indiana?
In Indiana, State Farm offers the best overall life insurance with top customer service nationwide, affordable rates, and strong term coverage options.
How do you get the best life insurance in Indiana?
To secure the best life insurance in Indiana, start by assessing your coverage needs, thoroughly research insurers, and diligently compare their premiums and reputations.
Do life insurance rates differ by state?
No, life insurance rates are usually consistent across states, but policy features and rider options can be regional.
How We Decided the Best Life Insurance in Indiana
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Indiana:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.