Fact CheckedNerdy takeaways
Chubb is the top-rated insurer in Indiana, offering the best coverage for high-value homes.
Amica offers the strongest consumer experience.
State Farm is our top pick for most people.
Cincinnati Insurance offers the best value, with rates below the state average.
USAA is our preferred choice for military families.
With so many companies to choose from in Indiana, finding the right insurance for your home can take a little research. To help you find the best home insurance in Indiana, we gathered and analyzed data from insurance companies across the state.
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. Even if an insurer serves your state, it may not write policies for all homes in all areas.
The best home insurance companies in Indiana
best coverage for high-value homes
Chubb
- Far fewer consumer complaints than expected for a company of its size.
- Standard coverage includes features that many companies offer only as extras.
- Perks to help you protect your home.
- Most consumers can't get a quote online and will instead need to contact a local agent.
Why it’s worth a look: Chubb serves owners of high-value homes with generous policies and high coverage limits. For example, you may be able to get up to $100 million of personal liability coverage in case someone sues you.
Standout feature: Chubb policyholders may be eligible for the company’s HomeScan service. It uses infrared cameras to look for problems behind the walls of your home.
Average rates: Not available.
» READ MORE: Chubb homeowners insurance review
best consumer experience
Amica
- High customer satisfaction ratings and low consumer complaints.
- Platinum Choice package offers extra coverage.
- Dividend policies can return a portion of your premiums.
- You can start a quote online but may have to finish the buying process by phone.
Why it’s worth a look: Amica shines when it comes to customer service. It regularly earns high marks in J.D. Power surveys about home insurance and customer satisfaction. Amica also draws a very low rate of complaints to state regulators.
Standout feature: If you want a little more coverage, consider the Platinum Choice Home package. It includes extra coverage for your home and valuable belongings.
Average rates: Not available.
» READ MORE: Amica homeowners insurance review
best for most people
State Farm
- User-friendly website.
- Agents offer personalized service.
- Policies generally include extra coverage for your home’s structure.
- Below average for claim satisfaction in a recent J.D. Power study.
Why it’s worth a look: State Farm is the largest home insurer in the U.S., offering solid coverage for a wide variety of houses. Its policies may include inflation coverage to make sure your policy keeps up with rising costs.
Standout feature: State Farm offers policyholders in Indiana a free Ting device. This smart technology monitors your home's electrical system to help prevent fires.
Average rates: Below are the average annual rates for a range of dwelling coverage limits.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,760 |
$300,000 | $2,160 |
$400,000 | $2,520 |
$500,000 | $2,980 |
$600,000 | $3,395 |
» READ MORE: State Farm homeowners insurance review
best value
Cincinnati Insurance
- Various coverage options.
- Far fewer complaints than expected for a company of its size.
- Coverage available for higher-value homes.
- No online quotes.
- Very little information on website.
Why it’s worth a look: Of our top-rated companies in Indiana, Cincinnati Insurance had some of the most affordable rates. The company sells policies through independent insurance agents, who can help you find the right coverage for your home.
Standout feature: The insurer’s Private Client option may appeal to people with high-value homes and lots of valuables.
Average rates: Below are the average annual rates for a range of dwelling coverage limits.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,220 |
$300,000 | $1,655 |
$400,000 | $2,015 |
$500,000 | $2,460 |
$600,000 | $2,870 |
» READ MORE: Cincinnati homeowners insurance review
BEST FOR MILITARY FAMILIES
USAA
- Policies include standard coverage that often costs extra elsewhere.
- Fewer customer complaints to state regulators than expected for a company of its size.
- Perks for military homeowners.
- Available only to active military members, veterans, some federal employees and their families.
Why it’s worth a look: USAA sells homeowners insurance to active military, veterans, some federal workers and their families. The company offers perks for those in active service, such as deductible-free coverage for military uniforms and equipment.
Standout feature: USAA covers your personal belongings on a replacement cost basis. That means you’ll get enough money to buy brand-new replacements for damaged items. Many companies pay only what your items are worth at the time of the claim.
Average rates: Below are the average annual rates for a range of dwelling coverage limits.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,205 |
$300,000 | $1,560 |
$400,000 | $1,875 |
$500,000 | $2,190 |
$600,000 | $2,470 |
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families. | |
» READ MORE: USAA homeowners insurance review
Other top home insurance companies in Indiana
These home insurance providers are also worth a look.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
$2,375 | ||
Not available |
How much does homeowners insurance cost in Indiana?
The average cost of homeowners insurance in Indiana is $2,985 per year, or about $249 per month. That's 20% more expensive than the national average of $2,490 per year for the same amount of coverage.
These rates are based on a sample home insurance policy with $400,000 in dwelling coverage, $300,000 in liability coverage, a $1,000 deductible and no recent claims.
Did you know...
The dwelling coverage limit on your policy should be the amount it would take to rebuild your home, based on the cost of labor and construction in your area. It won't necessarily be the price you paid for the house or how much you could sell it for now. Use our calculator to estimate your home's rebuilding cost.
The median rebuilding cost for Indiana homes is $402,410, according to data from First Street, a climate risk modeling firm.
Below are the average rates for policies with various dwelling coverage limits.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,760 |
$300,000 | $2,315 |
$400,000 | $2,985 |
$500,000 | $3,655 |
$600,000 | $4,175 |
The rates above are for homeowners with good credit. In Indiana, policyholders with poor credit pay an average of $5,625 per year — an increase of 88%.
Average cost of homeowners insurance in Indiana by city
The amount you pay will depend on where you live in the state. For example, the average cost of homeowners insurance in Indianapolis is $2,760 per year, while Gary homeowners pay $3,500 per year, on average.
City | Average annual rate | Average monthly rate |
|---|---|---|
Anderson | $3,025 | $252 |
Bloomington | $2,925 | $244 |
Carmel | $2,550 | $213 |
Columbus | $2,880 | $240 |
Elkhart | $2,665 | $222 |
Evansville | $3,150 | $263 |
Fishers | $2,820 | $235 |
Fort Wayne | $2,400 | $200 |
Gary | $3,500 | $292 |
Greenwood | $2,945 | $245 |
Hammond | $2,850 | $238 |
Indianapolis | $2,760 | $230 |
Jeffersonville | $3,095 | $258 |
Kokomo | $2,520 | $210 |
Lafayette | $2,685 | $224 |
Lawrence | $2,950 | $246 |
Mishawaka | $2,720 | $227 |
Muncie | $2,860 | $238 |
Noblesville | $2,820 | $235 |
Plainfield | $2,805 | $234 |
Portage | $3,170 | $264 |
South Bend | $2,720 | $227 |
Terre Haute | $3,075 | $256 |
West Lafayette | $2,740 | $228 |
Westfield | $2,855 | $238 |
The cheapest home insurance in Indiana
Here are the insurers we found with the cheapest rates for a variety of dwelling coverage limits.
Company
NerdWallet star rating
Average annual rate
Wolverine Mutual
Not rated
$1,170
$1,220
$1,275
Indiana Farmers
Not rated
$1,505
$1,205
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families.
Company
NerdWallet star rating
Average annual rate
Wolverine Mutual
Not rated
$1,590
$1,655
$1,905
$1,950
$1,560
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families.
Company
NerdWallet star rating
Average annual rate
Wolverine Mutual
Not rated
$1,960
$2,015
$2,270
$2,375
$1,875
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families.
Company
NerdWallet star rating
Average annual rate
$2,460
$2,510
$2,925
$2,980
$2,190
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families.
Company
NerdWallet star rating
Average annual rate
$2,735
$2,870
$3,255
$3,395
$2,470
*USAA homeowners policies are available only to active military, veterans, some federal workers and their families.
Common discounts
Make sure to ask your home insurance company about any discounts you may be eligible for. Here are some of the most common:
Many insurers offer savings if you buy more than one policy, such as home and car insurance. See our picks for the best home and auto insurance bundles.
Got a burglar alarm, smoke detectors or a smart device that alerts you if you have a leak? Safety and security features like these could earn you a discount.
Sign up for paperless billing or set your premiums to autopay, and you could get a discount.
Many insurance companies give discounts to customers who’ve gone a certain number of years without filing a home insurance claim.
Some insurers offer discounts to new policyholders or reward those who’ve stuck around for a while.
Teachers, doctors, members of the military and others may be eligible for discounts from certain insurers.
Learn more about common home insurance discounts.
Common Indiana home insurance problems
Tornadoes and severe storms. Indiana sees severe weather throughout the year, including thunderstorms, tornadoes, hailstorms and blizzards. Home insurance covers many of these scenarios. For example, you'll generally have coverage for roof damage due to a falling tree or heavy snow.
Be aware that wind and hail damage may have a separate deductible. It may be a flat rate, such as $1,000, or a percentage of your dwelling coverage limit. For example, your policy might have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So if your house has $300,000 worth of dwelling coverage, you’d have to pay for the first $3,000 of hail damage yourself.
Floods. Indiana experienced 64 heavy rain and flooding events in 2024, the most recent year for which data is available. Homeowners insurance usually won’t cover flood damage. If you’re at risk, consider buying separate flood insurance. While you can get it anytime, there’s typically a 30-day waiting period before the coverage takes effect.
To check your flood risk, start with the federal government’s flood maps. However, these maps don’t always capture all types of flood risk. You may want to check another source such as First Street, a company that models climate hazards. Enter your address at the top of the page to see your home’s flood risk rating.
» MORE: Should I get flood insurance?
Earthquakes. Indiana is located near two zones of seismic activity, which means there’s a chance of earthquakes. Homeowners insurance typically doesn't cover earthquake damage. If you live in a higher-risk area, you may want to consider earthquake insurance.
Sinkholes. Sinkholes are common in some parts of Indiana due to its karst geography. But standard home insurance policies don’t cover sinkholes. If you live in an area with sinkhole activity, you may want to look into extra coverage.
Common optional coverage
A standard homeowners policy can sometimes fall short, so it's worth looking for ways to make it more comprehensive. For example, we recommend asking if your insurer offers extended or guaranteed replacement cost coverage for your home. These add-ons give you extra dwelling coverage in case it costs more than you expect to rebuild your home after a disaster. Having this coverage can be a useful hedge against inflation.
Here are a few additional types of coverage you may want to buy.
Floods are the most common weather disaster in the U.S. and can happen anywhere, not just coastal areas. You can buy flood insurance through the federal government or from private companies. Learn whether you need flood insurance.
Consider buying earthquake insurance if you live in an at-risk area.
Homeowners policies generally won’t cover damage if a drain backs up into your home or your sump pump fails. Adding water backup coverage can help with these issues.
Homeowners policies may cover your stuff on an actual cash value or replacement cost basis. With actual cash value, the policy will pay less for older items that have lost value over time. To get enough of a claim payout to buy brand-new items, opt for replacement cost coverage.
If you have expensive jewelry, fine art or other valuables, you may need extra insurance for them. Learn more about scheduled personal property coverage.
Service line coverage pays to fix damaged water, gas, sewer or other underground lines on your property.
If your HVAC system or another major appliance fails, equipment breakdown coverage can help pay for repairs.
Indiana FAIR Plan
The Indiana Basic Property Insurance Underwriting Association, better known as the Indiana FAIR Plan, has been the state’s insurer of last resort since 1968. It has strict eligibility rules for applicants:
You’ll need to prove that you’ve been declined by three different insurers.
You’ll have to work with a licensed agent to submit an application.
Most vacant buildings aren’t eligible for coverage.
The Indiana FAIR Plan caps policy limits at a modest $250,000. This is a combined amount, meaning it’s designed to cover both your home and personal belongings.
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.Indiana insurance department
The Indiana Department of Insurance oversees the state’s insurance industry. Its website has home insurance resources, including a guide to earthquake coverage.
You can file a complaint against your insurance company on the agency's website, by mail or via fax. If you have questions, call 800-622-4461.
How we review home insurance
Our editorial team considers these factors when rating homeowners insurance companies:
This part of our star rating is based largely on consumer complaints to state regulators, as reported by the National Association of Insurance Commissioners. When available, we also include each company’s performance in the most recent J.D. Power Home Insurance Study. Other factors in our consumer experience score include customer-friendly features such as online claims filing and quotes.
We use AM Best and Demotech ratings to confirm each insurer’s long-term financial stability and ability to pay claims.
Companies score higher if they offer many common endorsements and include more comprehensive coverage in their standard plans. In particular, we look at features such as extended coverage for the structure of your home and replacement cost coverage for personal belongings.
We evaluate how many of the most common home insurance discounts each company offers.
See our complete homeowners insurance rating methodology.
Frequently asked questions
Homeowners insurance isn’t legally required in Indiana. But if you have a mortgage, your lender may require you to buy it. For more information, read Is Homeowners Insurance Required?
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.
Ask your insurer if you qualify for any home insurance discounts.
NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines.
- 1.Indiana Department of Homeland Security. Flood Insurance. Accessed Mar 16, 2026.
- 2.IDHS Get Prepared. Earthquakes. Accessed Mar 16, 2026.
- 3.Indiana Geological & Water Survey. Karst Development. Accessed Mar 16, 2026.
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, coverage, discounts, claims process and website functionality. 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 or star ratings.
Here’s how we weighted each category to come up with our list of the best home insurance companies:
Consumer experience (40%).
Financial strength (30%).
Coverage (25%).
Discounts (5%).
Read our full home insurance ratings methodology for more details.
Homeowners insurance rates methodology
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in ZIP codes across all 50 states and Washington, D.C. 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:
$400,000 in dwelling coverage.
$40,000 in other structures coverage.
$200,000 in personal property coverage.
$80,000 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.
In states where credit is a rating factor, we changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
In select states, we added a single wind damage claim to see rates for homeowners with a claim on their record.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Complaint methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2022-2024. 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.
Rebuilding cost methodology
The median home rebuilding cost referenced above is based on 2025 replacement cost data from First Street, a climate risk modeling firm. Actual replacement costs may vary based on factors like location, square footage, construction materials, the age of your home and local labor costs.
