Best Homeowners Insurance Companies In Indiana

State Farm offers the best homeowners insurance in Indiana.

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Bob Phillips
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If you call Indiana home, you’re probably aware of its weather, which is generally mild and pleasant. Still, it does have tornadoes, flooding, snow and ice storms, thunderstorms with destructive straight line winds, and hail.

Any one of these extreme weather occurrences can wreak havoc with homes and property. This makes it of paramount importance to have adequate protection from your home insurance coverage.

You’ll find information and data about home insurance in Indiana here. If you’re shopping for homeowners insurance, our research might prove helpful to you.

I believe that State Farm is the best home insurance company in the state of Indiana.

Best Home Insurance Companies In Indiana, 2024

Best Home Insurance, Indiana 2024

Compare The Best Home Insurance Companies In Indiana

Overall Rating Best For A.M Best Rating J.D Power Rating Online Experience Get A Quote
State Farm
4.9

Best Overall

A++

829

9/10

Instant Quote
Chubb
4.8

Cheap Rates

A+

809

7/10

Instant Quote
Nationwide
4.6

Coverage Options

A+

815

8/10

Instant Quote
Farmers
4.4

Policy Perks

A

792

9/10

Instant Quote
Allstate
4.7

Discounts

A++

816

9/10

Instant Quote
Scroll to see comparisons

Our Methodology

When researching home insurance companies and deciding which ones seem to be the best, our choice hinges on data from unbiased sources such as J.D. Power and AM Best. We also check out customer ratings online to see what they say about an insurer, as well as other data.

AM Best is where we look to learn about the financial health of a company. J.D. Power is our source of information regarding customer satisfaction. Reviews and ratings from customers often reveal what problems an insurer has, according to policyholders.

58

Quotes Analyzed

17

Brands Reviewed

15+

Years Of Experience

30+

Research Hours

Reviews Of Indiana's Best Homeowners Insurance Companies


Best Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
10/10 Coverage Level

Why We Like Them

State Farm was our top choice for home insurance in Indiana. This insurer has a strong and stable financial footing, and gets the highest rating from AM Best: A++. J.D. Power gives State Farm an excellent rating (829 of 1000) in customer satisfaction, because of its many positive reviews online from policyholders. There are many local offices with agents and claim representatives in Indiana. So you can depend on State Farm to deliver quick, convenient customer service.

This leading company has a lot going for it with numerous features plus low cost premiums. Policyholders enjoy features such as coverage from credit card fraud and ID Protection. HOA members who are locked into strict codes may discover themselves out of compliance with the HOA if they must rebuild their home following a covered loss.

State Farm provides you with the services of an attorney if needed, along with the cost of buying new and more expensive materials in order to comply with your HOA. These features along with others are examples of the coverage provided by State Farm.

Should you determine that State Farm is the company you want to have for your home insurance, it’s fast and simple to get online and start the process. You’ll be able to take the first steps online, but State Farm doesn’t let anyone buy a policy online. You will need to meet with an agent for that. After you become a policyholder, you will have online access to your account either on the website or app.

Most of us lead busy lives and enjoy the convenience of  the internet as a plus due to its time and hassle free convenience. You can enroll in auto-pay, choose paperless billing, pay your premium, or file a claim online. The State Farm website also has an online resource library that has a lot of information about insurance.

Benefits & Drawbacks

Benefits
  • Lots of local offices and agents available in Indiana
  • Highest rating for its financial strength from AM Best
  • Numerous coverage options
Drawbacks
  • You are unable to purchase a policy via an independent agent

Best For Cheapest Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
8/10 Coverage Level

Why We Like Them

Chubb is widely considered first in affordable rates, especially for higher end luxury homes. Its policies run about $1,738.00 per year, which is more than the average rate of  $1,610.00 annually in Indiana, but still reasonable for expensive dwellings.

Chubb earns high ratings in customer satisfaction. Indiana policyholders have nice things to say about this company, overall. Besides its affordable rates for high end homes, it offers special options that are attractive to many homeowners. For example, if your house is destroyed or damaged by a covered loss, Chubb won’t stipulate that you must rebuild.

You may opt to get a cash settlement instead of rebuilding. Other features such as property management services for a second home, personalized claims, high tech property inspections, and others are beneficial to a lot of people. Chubb also has add ons like besides its basic home insurance.

Replacement of your home and personal belongings, water backup, breakdown of equipment, and more are covered. You also receive  added coverage for the extended replacement cost of your home, even if its value has depreciated since you  purchased it.

Benefits & Drawbacks

Benefits
  • High value homes can obtain special coverage
  • Among the most affordable rates in Indiana
  • Numerous options and special features available
Drawbacks
  • You can't get an online rate quote
  • There is no scheduled personal property

Best Coverage Options

Overall Rating
4.6

Key Statistics

8/10 Affordability
6/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

Nationwide is awarded a high rating from J.D. Power because of its robust financial health.  Customer satisfaction ratings could stand to be higher, but all things considered Nationwide is a trusted name in home insurance, with a good reputation. There are a lot of local offices and agents, which spells good, fast customer service when you need it.

If policy options appeal to you, you’ll be glad of the many options available from Nationwide. Some of their options aren’t offered in other homeowners coverage. These include reimbursement for ID theft along with credit card fraud, two fairly common problems.

If you’re within the rigid guidelines of an HOA with strict codes and must rebuild your home up to the current zoning restrictions and codes of your HOA, Nationwide will hire legal representation to assist you in compliance. It provides added coverage for materials and labor needed, too.

Better Roof Replacement is another option available to nationwide policyholders. It provides additional coverage if you must buy new roofing materials after a covered loss.

Brand New Belongings is another option provided by Nationwide. You get reimbursed for the loss or damage to your belongings, minus depreciation. Just  purchase items to replace those that have been damaged or destroyed, and send your receipts to Nationwide, then get reimbursement minus the difference between what you paid for replacements and any depreciation.

Benefits & Drawbacks

Benefits
  • High marks from AM Best because of its financial strength
  • Lots of local offices and agents within Indiana
  • Multiple coverage options available
Drawbacks
  • There is no coverage for AirBnb or other short-term rentals
  • Multiple negative reviews from policyholders online

Best For Policy Perks

Overall Rating
4.4

Key Statistics

9/10 Affordability
6/10 Customer Reviews
7/10 Claims
9/10 Coverage Level

Why We Like Them

Policyholders grant Farmers high ratings for its policy perks as well as online experience. Many of those positive reviews about online experience might be attributed to this company’s  explanations of those policy perks, as well as how they can affect not only your coverage, but have a bearing on the amount of premium you pay. If you’re looking for home insurance, Farmers’ policy perks might swing your decision in their direction.

  • Discount if Claim Free: If you haven’t filed a claim in three years or more, you might get a discount
  • Multi Line Policies: Bundle your coverage with Farmers,such as auto and vehicle and property, and get a discount of up to 34%
  • Deductible Declines: $50 will be taken off your deductible for every year your policy is in force
  • Claim Forgiveness: No claims filed for a minimum of five years and your rates won’t go up if and when you do have a claim
  • Replacement Cost Guaranteed: Farmers will pay the whole cost of repairing or rebuilding your home because of a covered loss, regardless of how much it costs

Farmers get a high rating of 9.3/10 from J.D. Power. That rating would  probably be better if not for the company’s lower than average ratings for customer satisfaction.

Benefits & Drawbacks

Benefits
  • Multiple offices and agents across the state
  • A standard feature of every policy is guaranteed replacement cost
  • More than twelve discounts available
Drawbacks
  • Lower than average policyholder satisfaction ratings

Best For Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
7/10 Customer Reviews
8/10 Claims
8/10 Coverage Level

Why We Like Them

Allstate offers 11 discounts to its policyholders. The national average of home insurance discounts is 7. So it’s easy to see why anyone who likes getting discounts finds Allstate an attractive option for insurance. Discounts are important because they furnish a way for a policyholder to save money on their home insurance premium.

Allstate has a stellar reputation within the insurance industry, and with customers as well. I, as well as many home insurance analysts, are of the opinion that Allstate is one of the best, most solid insurers in the business.

Allstate’s discounts include:

  • Responsible Payment: Paying your premiums in a timely manner will build a good payment history and get you a discount
  • New Home: Your newly constructed home could make you eligible for a discount
  • Bundle: Having more than one line of coverage, such as your vehicle and home insurance both with Allstate, and receive a 25% discount
  • Early Payment: Purchase a new policy within 7 days of your old policy’s renewal, and earn a 10% discount
  • Loyalty: Get a discount of 10% when you renew your policy
  • Automatic Payment: Receive a 5% discount if you enroll in auto-pay and have your premium deducted from your bank account automatically
  • New Home Buyer: Buy a new home and receive a discount
  • Deductible Reward: $100 is taken off your deductible when you purchase a policy
  • Claims Forgiveness: Your rates won’t go up following a claim if you opt for Allstate’s optional claims forgiveness
  • Claims Free: 12 months or longer without a claim could entitle you to a five percent discount upon renewal of your policy
  • Protective Device: If you install theft and fire protective devices, you might receive a discount

Allstate has eleven discounts available, more than the US national average of seven. Along with standard options like ID Theft and credit card fraud, Allstate has other discounts available for its customers. For instance, if you’re a gardener or have a lawn to keep up, Allstate has optional coverage for outdoor things like riding lawn mowers and landscaping.

Benefits & Drawbacks

Benefits
  • Financial strength and stability
  • Eleven discounts compared to the US industry average of seven
  • Many local offices with agents in the state
Drawbacks
  • More customer complaints online than average

How To Find The Best Home Insurance Company For You

If you’re looking for information about homeowners insurance, you’ll be happy to know that the World Wide Web has streamlined such a project. Since the entrance of the internet, anyone can find out all they want and need to know about any subject, including home insurance.

You’ll have to spend a little time surfing websites of insurance companies, but it will be a worthwhile effort since it’s the best way to decide which insurance carrier is a good fit for you. If you’re like most of us, your home is your most valuable asset, making it critically important for the financial security of your family to protect it from loss.

Follow these five easy steps to help you determine which home insurance company best suits your needs:

  1. Your first step should be to learn all you can about homeowner insurance carriers in Indiana. Much valuable information is available online about home and property coverage. This will be helpful to you as you weed out the insurers that don’t seem suitable for you, until you’re down to three
  2. Once you narrow your search to three top contenders, you’ll need to determine the amount of coverage that will be adequate for your home and property. At this point, you may want to meet with an agent to advise you
  3. Next, get premium quotes from the three companies
  4. Check out each carrier’s rates, along with each one’s coverage, financial standing, and ratings from policyholders
  5. Now it’s time to apply for coverage with your first choice

Most homeowners insurance carriers will let you get quotes online, but some don’t. For those carriers, you will need to have a face to face meeting with an agent.

Average Cost Of Home Insurance In Indiana

 Cheapest Home Insurance In Indiana

Insurer Annual Rate
State Farm $825
Allstate $861
USAA $985
Chubb $1,715
Indiana Average Rate $1,610
Travelers $1,540
Farmers $1,558
Nationwide $1,650
Kin $1670

Cheapest Cities For Homeowners Insurance In Indiana

City Annual Rate
Goshen $1,355
Elkhart $1,380
Mishawaka $1,415
Fort Wayne $1,435
Kokomo $1,500

Most Expensive Cities For Homeowners Insurance In Indiana

City Highest Rate
Gary $1,985
Indianapolis $1,835
Hammond $1,770
Greenwood $1,705

Home Insurance Premiums By Deductible In Indiana

Deductible Average Annual Rate
$500 $1,289
$1,000 $1,213
$1,500 $1,122
$2,000 $1,072
$5,000 $872

Home Insurance Prices By Coverage Level In Indiana

Coverage Level Average Annual Rate
$100,000 Dwelling $711
$200,000 Dwelling $1,038
$250,000 Dwelling $1,213
$400,000 Dwelling $1,716

How To Get A Home Insurance Quote Online In Indiana

Getting a quote from a home insurer online is usually easy. There are a few that won’t and for those, you will have to meet with an insurance agent. But to start, you should turn to the internet for help and research a few companies that interest you online.

Check out how their customers rate them. User feedback can be informative and you can learn a lot from it. You should see how AM Best and J.D. Power rate each of the companies you’re looking at, too. This will tell you about their financial strength and their customer satisfaction, two important areas.

Get quotes from three companies. Then, make an application to your top choice for coverage. Here are 3 easy steps to get your quotes and make an application for insurance coverage:

  1. Be sure to respond to all of the questions on the Insuranceopedia form. These questions will be about the value of your home, your belongings, your home’s size, its age, contents and so on.
  2. After all of the questions have been answered, submit the form and get your quotes
  3. Once you have the quotes, determine which company seems best for you and submit an application to that company

For those carriers that don’t do quotes online or accept online applications for coverage, you’ll have to get with an agent.

Things That Impact Cost Of Your Home Insurance Policy In Indiana

Your cost for homeowners insurance coverage in Indiana is based on several factors, such as:

  • The zip code of your home – If your home is located in an area known for extreme weather such as floods, ice and snow storms, flooding or tornadoes, you’ll pay higher rates for coverage
  • The age of the home – Your rates could be up to 75% higher for an older home, 30 years old or older, than a newer home. This is because of things like stricter regulations on newer buildings, so it’s costly to get in compliance with current building codes if your home is destroyed by a covered loss
  • Deductibles and amount of coverage—It might seem tempting to choose a low deductible, but you should understand that you’ll pay higher premiums if you do. As for coverage, the more your home is worth, the more it will cost to insure it. The insurer will pay out more in claims for your home if it must be rebuilt after a covered loss, so they pass that extra expenditure risk on to you
  • Your claim history – Anyone with a history of property claims will probably have to pay more for coverage
  • Close to flood zones –If you live somewhere that experiences flooding, you can figure on paying higher rates

Indiana Home Insurance Laws To Know

You aren’t required by Indiana law to have homeowners insurance. But, your lender will require that you have insurance if there is a mortgage.

Based on information from USNews, Indiana homeowners annual insurance rate of $1,610.00 is lower than the national average annual rate of $1,820.00

Home Insurance Discounts In Indiana

When discussing your coverage with an insurance agent, always ask about the discounts available from the company that he/she represents. Discounts are money savers that can shave a good amount off your premiums, so it pays to take advantage of them if you can.   You can usually get more than one discount. Here are a few that might be available.

  • Automatic Payment: If you agree to have your premiums automatically deducted from your bank account with auto-pay, you can often get a discount
  • New Home: If you buy a new home, you could receive a discount
  • Bundle: Insuring your home and your vehicle with the same insurance company might net you a 25% discount
  • Responsible Payment: You might get a discount if you pay your insurance premiums on time and establish a good payment history
  • Early Payment: Purchasing a new policy within 7 days of renewing your existing policy might get you a discount
  • Claims Free: No claims for a year and you could get get a 25% discount

The Most Affordable Areas For Homeowners Insurance In Indiana

Premiums in Indiana range from Goshen at $1,355.00 in zip code 46528, to as much as $1,985 in Gary, zip code 46403. The lowest rates according to zip codes are:

ZIP Code City Lowest Rate
46528 Goshen $1,355
46515 Elkhart $1,380
46535 Mishawaka $1,415
46899 Fort Wayne $1,435

FAQs

Is home insurance more expensive in Indiana?

No. The annual cost for homeowner insurance in Indiana is $1610.00, lower than the national average of $1,820.00

How much per month is a million-dollar home insurance policy in Indiana?

The price you pay in Indiana for homeowners insurance depends on a variety of factors. Two of the most inexpensive homeowners insurance rates in Indiana are Chubb at $1,715.00 and State Farm, with a yearly premium of $825.00.

What is the average monthly cost of home insurance in Indiana?

Rates are calculated on things like the value of your home and its contents, your personal valuables, where your home is located, your deductible, your home’s age, and more. In Indiana, a home appraised at $300,000 will average about $100 a month in premiums.

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