The Best Home Insurance in Indiana for 2024

Erie and Cincinnati Insurance are among the best home insurance companies in Indiana.
Kayda Norman
Sarah Schlichter
By Sarah Schlichter and  Kayda Norman 
Updated
Edited by Caitlin Constantine

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The average cost of homeowners insurance in Indiana is $1,975 per year. That’s compared to the national average of $1,915.

NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Indiana in the following categories:

The rates in our analysis are estimates based on many factors, so your rate may differ.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

Best affordable homeowners insurance in Indiana: Cincinnati Insurance

insurance-product-card-logo

Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

In Indiana, the average annual premium for Cincinnati Insurance is $1,485, which is well below the state average of $1,975.

Cincinnati Insurance sells homeowners policies through independent agents, with various options for standard and high-value homes. You may be able to add coverage for things like identity theft, personal cyber attacks or certain types of water damage.

Cincinnati may offer you a discount for bundling home and auto insurance, having a newer home or installing a centrally monitored alarm system.


Best homeowners insurance in Indiana for coverage: Erie and Openly

insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

Erie offers guaranteed replacement cost for the structure of your home. With this coverage, the company will pay to rebuild your home completely after a disaster, even if the amount exceeds your dwelling limit.

Got a car to insure, too? If you bundle your home and auto insurance with Erie, you could get a discount of upwards of 16%. You may also be able to save if your home has certain safety and security features such as smoke alarms or sprinkler systems.

For more details, read our Erie home insurance review.

insurance-product-card-logo

Openly

4.5

NerdWallet rating 
Premium coverage for high-end homes with no dog breed restrictions.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Openly

4.5

NerdWallet rating 
Premium coverage for high-end homes with no dog breed restrictions.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

Openly’s default homeowners policy goes significantly beyond those of many other insurers. Most notably, it offers guaranteed replacement cost coverage for the structure of your home. That means if your house is destroyed by a covered disaster, Openly will pay whatever it takes to rebuild it the way it was before, up to $5 million.

Plus, if your things are stolen or destroyed, Openly will pay enough for you to buy brand-new replacements, rather than paying less for older items that have lost value over time. It also covers your belongings on an “open perils” basis, paying for damage from anything except scenarios your policy excludes. Most home insurance policies cover damage only from causes specifically named in your policy.

Learn more with our Openly home insurance review.


Best homeowners insurance in Indiana for consumer experience: American Family and Nationwide

insurance-product-card-logo

American Family

4.5

NerdWallet rating 
Customizable coverage and discounts for smart-home devices.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

American Family

4.5

NerdWallet rating 
Customizable coverage and discounts for smart-home devices.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

American Family receives fewer consumer complaints than expected for a company of its size. Its user-friendly website offers features such as bill payments, claim reporting, online quotes and general insurance information.

Homeowners may be able to save on their premiums by installing smart-home devices, bundling multiple policies or setting up automatic payments.

Get more information in our American Family homeowners insurance review.

insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected
insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected

The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes. The company also has a comprehensive and highly rated mobile app.

In addition, Nationwide’s customers have several ways to get assistance, such as reaching out to their agent or calling the company’s customer service hotline. Outside of business hours, they can use the Nationwide website to get proof of insurance, pay bills and schedule callbacks. A chatbot is also available to answer basic questions.


Full list of the best homeowners insurance in Indiana

NerdWallet analyzed home insurance companies across the state to find the best home insurance in Indiana. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$2,125

4.5

NerdWallet rating 

$2,695

4.5

NerdWallet rating 

$1,485

4.5

NerdWallet rating 

$1,715

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$2,630

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$1,955

4.5

NerdWallet rating 

$1,980

5.0

NerdWallet rating 

$1,995

*USAA homeowners policies are available only to active military, veterans and their families.


How much does homeowners insurance cost in Indiana?

The average annual cost of home insurance in Indiana is $1,975. That’s 3% more than the national average of $1,915.

In most U.S. states, including Indiana, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Indiana, those with poor credit pay an average of $4,190 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 112% more than those with good credit.

Average cost of homeowners insurance in Indiana by city

How much you pay for homeowners insurance in Indiana depends on where you live. For instance, the average cost of home insurance in Indianapolis is $2,060 per year, while homeowners in Fort Wayne pay $1,725 per year, on average.

City

Average annual rate

Average monthly rate

Anderson

$1,955

$163

Bloomington

$1,970

$164

Carmel

$1,955

$163

Columbus

$1,945

$162

Crown Point

$1,955

$163

Elkhart

$1,745

$145

Evansville

$2,140

$178

Fishers

$1,915

$160

Fort Wayne

$1,725

$144

Gary

$2,235

$186

Goshen

$1,745

$145

Greenwood

$1,965

$164

Hammond

$1,975

$165

Indianapolis

$2,060

$172

Jeffersonville

$2,075

$173

Kokomo

$1,715

$143

Lafayette

$1,820

$152

Mishawaka

$1,725

$144

Muncie

$1,945

$162

New Albany

$2,130

$178

Noblesville

$1,950

$163

South Bend

$1,955

$163

Terre Haute

$2,050

$171

Valparaiso

$2,010

$168

West Lafayette

$1,890

$158

The cheapest home insurance in Indiana

Here are the insurers we found with average annual rates below the Indiana average of $1,975.

Company

NerdWallet star rating

Average annual rate

Buckeye

Not rated

$695

Wolverine Mutual

Not rated

$1,105

4.5

NerdWallet rating 

$1,485

4.0

NerdWallet rating 

$1,630

4.5

NerdWallet rating 

$1,715

Pekin

Not rated

$1,805

4.5

NerdWallet rating 

$1,955

What to know about Indiana homeowners insurance

You may face certain risks when living in Indiana. Here are a few of the most common, along with steps you can take to insure your home properly against them.

Severe weather

A standard homeowners policy typically covers most damage caused by severe weather throughout the year. For example, damage from falling trees or a roof collapse due to the weight of ice are both usually covered.

Be aware of several key exceptions, though. Wind and hail damage may have a separate deductible, which is usually either a flat rate, such as $1,000, or a percent of your dwelling coverage. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of hail damage yourself.

Flooding

Floods can cause extensive damage, and standard homeowners insurance policies do not typically cover flood damage.

To find out if you’re at risk, check out the Federal Emergency Management Agency's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low-risk, it may be worthwhile to purchase flood insurance for extra peace of mind.

Keep in mind that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.

Earthquakes

Homeowners insurance policies typically do not include additional coverage for earthquakes. However, your policy may cover damage related to an earthquake. For example, if a gas line dislodged by the earthquake starts a fire, that may be covered under your standard policy. Review your policy carefully, and if you live in an area with higher risk, consider purchasing additional earthquake insurance.

Sinkholes

Sinkholes are common in some parts of Indiana due to its karst geography, and they can cause significant and costly damage to homes. Much like earthquakes, standard home insurance policies do not cover sinkholes.

If you live in an area with sinkhole activity, you may want to consider additional coverage for sinkholes.

Indiana insurance department

The Indiana Department of Insurance oversees the state’s insurance industry and provides consumer protection. Its website provides resources on homeowners insurance in Indiana, such as general information pamphlets on insurance protections and a guide to earthquake insurance.

You can file a complaint against your insurance company using the Indiana Department of Insurance’s website as well as by mail. If you have questions about filing a complaint or about Indiana insurance, call the Department toll-free at 800-622-4461.

Hosue and clouds
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.

Looking for more insurance in Indiana?

Amanda Shapland contributed to this story.

Frequently asked questions

Homeowners insurance isn’t legally required in Indiana, but your mortgage lender may require you to buy it. For more information, read Is Homeowners Insurance Required?

A standard homeowners policy typically doesn’t cover flooding. That means you may want to buy separate flood insurance if your home is in a high-risk area. Learn how to find the best flood insurance.

There are several ways to save money on homeowners insurance in Indiana:

  • Shop around to make sure you’re getting the best rate.

  • Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.

  • Bundle your home and auto insurance for a lower overall rate. See the best home and auto insurance bundles.

  • Ask your insurer if you qualify for any home insurance discounts.

Methodology

NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.