Homeowners Insurance in Indianapolis, IN

For a home at Indianapolis's median value of $224,800, we estimate about $1,310 a year — +4% versus the Indiana NAIC average of $1,259.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Indianapolis

Est. premium

$1,310

$109/mo · median home

Median home value

$224,800

Indiana: $218,200

Median year built

1973

Census ACS

Owner-occupied

56.0%

of households

Hazard score

81.4

state ref. 78.8

Indianapolis's estimate reflects its home values (3% higher than the state median) and FEMA's hazard profile for Marion County.

Natural hazard risk in Indianapolis

FEMA National Risk Index — Marion County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Relatively Moderate	93.6	Comprehensive (car); roof claims (home)
Tornado	Very High	99.0	Comprehensive; dwelling
Hurricane	Very Low	34.1	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively High	98.3	Comprehensive; home needs a separate flood policy
Coastal flooding	Not rated	—	Comprehensive; home needs a separate flood policy
Strong wind	Very High	98.7	Comprehensive; dwelling
Winter weather	Relatively High	93.7	Collision (icy roads); frozen pipes (home)
Wildfire	Very Low	22.3	Comprehensive; dwelling
Earthquake	Relatively Moderate	96.4	Home needs a separate earthquake policy
Lightning	Very High	96.9	Fire and electrical damage

Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).

Estimated premium by home value in Indianapolis

Dwelling value	Wood frame	Brick / masonry
$200,000	$1,195	$1,095
$300,000	$1,650	$1,520
$500,000	$2,485	$2,285
$750,000	$3,435	$3,160

Home Insurance Estimator

Estimated annual premium

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Per month

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Homeowners insurance by ZIP code in Indianapolis

ZIP	Median home value	Owner-occupied	Est. premium
46227	$210,000	44.9%	$1,240
46226	$158,600	46.2%	$990
46237	$232,300	68.9%	$1,345
46254	$186,300	49.5%	$1,125
46224	$181,600	36.3%	$1,105
46222	$116,300	48.3%	$775
46219	$184,900	59.0%	$1,120
46203	$168,200	57.8%	$1,040
46220	$358,500	66.7%	$1,905
46217	$244,000	81.5%	$1,400
46235	$185,800	53.5%	$1,125
46260	$288,900	51.6%	$1,600
46239	$275,400	82.4%	$1,540
46241	$130,200	54.0%	$845
46201	$170,100	51.6%	$1,050
46218	$103,100	52.8%	$700
46229	$191,100	61.6%	$1,150
46234	$241,900	76.5%	$1,390
46205	$304,500	53.7%	$1,670
46221	$191,300	61.8%	$1,150
46268	$229,600	45.7%	$1,330
46214	$201,800	47.0%	$1,200
46208	$220,500	55.9%	$1,290
46256	$318,200	73.0%	$1,730
46202	$439,200	29.4%	$2,240
46240	$348,000	46.0%	$1,860
46250	$327,600	41.8%	$1,770
46228	$254,500	84.4%	$1,445
46259	$342,000	95.5%	$1,830
46204	$381,400	14.1%	$2,000
46231	$219,600	78.7%	$1,285
46278	$408,900	97.8%	$2,115
46225	$162,400	56.0%	$1,010

Homeowners insurance in Indiana · Car insurance in Indianapolis · Insurance offices near Indianapolis

Frequently asked questions

How much is homeowners insurance in Indianapolis?

For a home at Indianapolis's median value of $224,800, we estimate about $1,310 a year for a standard HO-3 policy with a $1,000 deductible. The Indiana NAIC average is $1,259.

What are the biggest natural hazards in Indianapolis?

FEMA's National Risk Index rates Marion County relatively high or very high for tornado, inland (river) flooding, strong wind, winter weather, and lightning.

Does the age of homes in Indianapolis affect insurance?

Yes. The median home in Indianapolis was built in 1973 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.

How we estimate this

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

Sources used on this page