Cheap Renters Insurance in Indiana

State Farm and Nationwide offer the best affordable renters insurance in Indiana. State Farm ranks top for low rates, while Nationwide provides extensive coverage options.

*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.

The above list covers most renters, but may not reflect the best options for your needs. The filterable table is tailored to your profile to help you find the best choice in Indiana.

Here are more details about our top picks for affordability, customer service and coverage options for Indiana renters insurance.

Renters insurance in Indiana costs an average of $22 per month, slightly above the national average of $20. These rates are based on a policy with $50K in personal property coverage, $100K in liability coverage and a $1,000 deductible. 

Your rate may vary depending on your profile. The table provides average rates for your situation based on major factors affecting insurance costs.

Renters insurance costs vary by city. The average annual premium in Indianapolis is $268; in Fort Wayne, it's $216 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table for the average cost in your city.

*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.

Finding the best renters insurance in Indiana can be challenging with so many choices. This guide helps you find the right coverage for your needs.

Renters insurance isn't required by Indiana law, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. Consider how much property coverage you need, local weather risks, area crime rates and pet ownership when selecting a policy.

Use our calculator to determine your ideal personal property coverage limits and how much renters insurance you need.

Here are the risks specific to Indiana and considerations for renters seeking additional coverage:

• Weather risks: Snowstorms are Indiana's most common natural disaster. The state also sees a high risk of earthquake, tornado and flooding damage in certain locations. Standard coverage may not protect against these threats in high-risk areas, so you'll need to purchase additional coverage separately.
• Crime risks: Indiana ranks 14th nationwide for property crime and 27th for identity theft and fraud. Add supplemental coverage or add-ons to your renters policy for better property damage protection.
• Pet ownership: Depending on your pet, get pet liability coverage. Check how different providers handle pet coverage and whether they include it in standard policies.
• Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on your rental property. Look for companies offering specific add-ons for additional protection.

Renters insurance typically covers damage to your property, liability to others and loss of use of your rental home. Adding optional coverages can make your policy more comprehensive. Here are the main types of renters insurance coverage:

State Farm and Nationwide are Indiana's best and cheapest overall renters insurance companies. While we recommend these options, research and compare multiple companies and quotes to get the best deal.

Our experts answer common questions on renters insurance in Indiana:

ndiana renters juggle tight budgets while protecting their belongings from weather risks and property crime. We designed our research to find policies that balance low premiums with protection against Indiana's snowstorms, tornadoes and above-average property crime rates.

Our research approach: We collected quotes from major insurers for identical coverage levels, then scored each company on affordability, customer service, coverage options and financial stability.

Why this profile matters for Indiana renters: We used a renter with $50,000 personal property coverage (enough to protect a typical apartment's belongings), $100,000 liability coverage (what most Indiana landlords require), a $1,000 deductible (balancing affordable premiums with manageable out-of-pocket costs), property replacement coverage (so you get new items, not depreciated value) and a good credit score (representing most approved renters).

This profile determined our affordability score (60% of the total score) because premiums are the biggest factor for budget-conscious Indiana renters. We weighted customer satisfaction from industry research at 25% since you need responsive service when filing weather or theft claims. Add-on coverages counted for 10% because Indiana's earthquake and flood risks may require extra protection. Financial strength ratings made up 5% to ensure your insurer can pay claims after major disasters.