Homeowners Insurance in Indiana

The average Indiana homeowners premium is $1,259 a year (NAIC) — ▼ −28% versus the U.S. average of $1,737, ranking 36th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in Indiana

Homeowners (HO-3)

$1,259

NAIC average / year

Renters (HO-4)

$167

U.S. $173

Median home value

$218,200

Census ACS

FEMA expected loss rating

Relatively Moderate

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so Indiana's median home value of $218,200 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in Indiana

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Relatively Moderate	69.8	$51,227,743
Tornado	Relatively High	84.9	$422,263,322
Hurricane	Very Low	21.7	$1,116,170
Inland (river) flooding	Relatively Moderate	71.4	$1,212,369,146
Coastal flooding	Very Low	8.1	$27,930
Wildfire	Very Low	15.7	$710,171
Earthquake	Relatively Low	71.4	$166,488,233
Winter weather	Relatively High	66.1	$12,338,341
Strong wind	Relatively High	83.0	$119,474,465
Lightning	Relatively Moderate	48.1	$24,553,840

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in South Bend ($860) and the highest in Carmel ($2,325).

City	Median home value	Median year built	Hail / wind	Est. premium
Indianapolis	$224,800	1973	Relatively Moderate / Very High	$1,310
Fort Wayne	$188,900	1972	Relatively Moderate / Relatively High	$1,130
Evansville	$143,100	1961	Relatively Moderate / Relatively High	$900
Fishers	$391,000	2002	Relatively Moderate / Relatively Moderate	$1,955
South Bend	$140,400	1955	Relatively High / Relatively High	$860
Carmel	$486,800	1998	Relatively Moderate / Relatively Moderate	$2,325
Bloomington	$321,400	1985	Relatively Moderate / Relatively High	$1,615
Hammond	$159,900	1952	Relatively Low / Relatively High	$965
Westfield	$425,700	2010	Relatively Moderate / Relatively Moderate	$2,090

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Frequently asked questions

How much is homeowners insurance in Indiana?

NAIC data puts the average Indiana homeowners (HO-3) premium at $1,259 a year, ranking 36th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in Indiana?

The NAIC average renters (HO-4) premium in Indiana is $167 a year.

What natural hazards affect home insurance in Indiana?

FEMA's National Risk Index rates Indiana relatively high or very high for expected annual losses from tornado, winter weather, and strong wind. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in Indiana?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page