Best Home Insurance Rates In Indiana

On average, your neighbors pay $132 a month.

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Compare Homeowners Insurance In Indiana

Erie offers the best homeowners insurance rates in Indiana, with an average annual premium of $1,253, according to our research. The average cost of homeowners insurance in Indiana is $1,587 a year. That's $148 below the national average of $1,735.

To help you get the best rate and the right coverage, we studied the home insurance market in Indiana by comparing rates, policy offerings and customer satisfaction levels. Here's what we found:

Best home insurance companies in Indiana

Erie, American Family and USAA stand out as the four best homeowners insurance companies in Indiana in our study. Here's why:

Erie: best value for Indiana homeowners insurance

Erie's home insurance rates are well below the Indiana state average. Plus, the company offers superior customer service and maintains a firm financial backing.

Erie has the lowest home insurance premiums in Indiana. At an average $104 a month, the company provides excellent value.

And you won't sacrifice quality coverage or customer satisfaction for those cheaper rates. Erie came in fourth for overall customer service satisfaction in J.D. Power's 2021 U.S. home insurance study. J.D. Power gave the company 835 on a 1,000-point scale for customer satisfaction — 10 points above the industry average of 825.

Erie's financial strength is a good indicator of its ability to pay out claims. A.M. Best, a credit rating agency that focuses on the insurance industry, gave Erie an A+ “Superior” rating for financial strength.

American Family: best home and auto bundle in Indiana

When you bundle insurance policies, you can save money on both of them. American Family received our best bundle designation in Indiana due to positive rankings of its home and auto insurance policies, premiums and discounts after bundling.

American Family has some of the lowest home insurance rates in Indiana. The company's average home insurance premium in the state is $1,608 a year, which is just $21 more than the state average and $127 less than the national average. These rates get even better with bundling. Bundling your auto and home insurance with American Family could save you up to 20% on your home insurance policy and 29% on your auto policy.

USAA: best for veterans

According to the American Legion, more than 500,000 veterans live in Indiana, making up over 7% of the state's population. USAA is our top choice for veterans in Indiana not only for its focus on members of the military and their families, but for its low rates and superior customer satisfaction.

The average USAA home insurance rate in Indiana is $1,652 a year, which is slightly higher than the state average, but still 5% under the national average. This is an excellent value for veterans when combined with the fact that USAA earned a customer satisfaction score of 882 out of 1,000 in J.D. Power's 2021 home insurance survey. The company also has a score of 0.73 in the 2020 NAIC Complaint Index, which is better than average.

USAA provides for the insurance needs of both current members and veterans of the Armed Services. It offers home insurance coverage specific to members of the military, like personal property coverage in war zones, which is usually excluded from other home insurance policies.

See how much you can save when companies compete for your business

How much is home insurance in Indiana?

Indiana homeowners pay an average $1,587 per year, or $132 a month, for home insurance. Your premium may vary due to a number of factors, one of which is your deductible amount. Your deductible is the amount you pay for a home insurance claim before your insurer covers the remainder, up to your policy limits.

Home insurance rates in Indiana by deductible
Deductible Average annual premium









Note: Average rates for 2021 are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Your dwelling coverage amount, which is the amount your house's structure is insured for, directly affects your premium. We analyzed thousands of quotes for five different dwelling coverage amounts.

Home insurance rates in Indiana by dwelling coverage amount
Dwelling coverage Average annual premium











Note: Average rates for 2021 are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest home insurance companies in Indiana

Our research found that Erie and Allstate have the cheapest average home insurance rates in Indiana. That said, rates often vary between providers, so the cheapest home insurance company for you may be different. This is why you should compare rates before you buy a policy. The table below shows how rates from the biggest companies in Indiana compare.

Cheapest home insurance rates in Indiana
Company Average annual premium



American Family




State Farm




United Farm Family Mutual




Note: Average rates for 2021 are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Compare rates from insurers in Indiana, all in one place

Home insurance rates in Indiana by city

Rates in Indiana vary from city to city. For example, Fort Wayne has an average home insurance rate of $1,373 a year, while Gary has an average rate of $1,906.

City Average annual premium



Fort Wayne




South Bend


















Note: Average rates for 2021 are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Homes insurance rates in Indiana by county

Here's how home insurance rates across counties in Indiana compare:

County Average annual premium









St. Joseph
















Note: Average rates for 2021 are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Home insurance perils in Indiana

Indiana homeowners face many perils common to the Midwest, like flooding and tornadoes. They can affect your home insurance rates significantly.


Indiana's high rain levels, snow melt and amount of wetlands put it at high risk of flooding. Standard homeowners insurance doesn't cover flood damage. To protect yourself against floods, you'll need a flood insurance policy. The majority of homeowners get coverage through FEMA's National Flood Insurance Program (NFIP), whose average cost of flood insurance is about $1,111 a year, or $93 a month.

Winter weather

During the winter months, temperatures in Indiana can drop to the 20s and lower. This deep cold can be a significant threat to homes. Frozen pipes are a major cause of water damage in the home, and can do thousands of dollars in damage quickly.

Snow can start falling as early as October and last until April. Heavy snow poses a threat to your roof. No one wants a collapsed roof due to snow falling from tree branches or accumulation. Roof damage caused by snow is usually covered by home insurance. However, remove snow from your roof when you can to avoid such problems in the first place.

Cold weather doesn't just pose a threat to your home. If someone slips and falls due to ice on your property, you may have a liability problem on your hands. Medical bills and legal fees due to injuries that occur on your property are covered by your home insurance, but taking steps like shoveling and de-icing your walkways can prevent such a scenario from happening at all.


Even though Indiana isn't in the Midwest's Tornado Alley, this doesn't mean it's not at risk of tornadoes. According to the National Weather Service, in Indiana, there were 21 tornadoes in 2015

The majority of home insurance policies cover damage due to tornadoes. However, preventative measures such as installing storm windows and bracing your garage door can reduce the chance of tornado damage. These steps may also reduce your home insurance premium.


We collected quotes from every ZIP code in Indiana for a standard HO-3 homeowners insurance policy. We used the following coverages:

  • $275,000 dwelling coverage*
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible*

*when applicable LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.