On this page
Homeowners insurance in Indiana costs $2,726 a year on average in 2026 for a $300,000 dwelling policy, according to InsuranceQuotes data built from insurers’ filed rates as of September 30, 2026. That works out to about $227 a month. Other datasets put the same state average higher, up to $2,985 a year, because they price a larger house. This guide lays out what each dataset actually measures, what Indiana homeowners pay by city, and what moves your own premium.
The spread between sources is worth understanding before you shop. InsuranceQuotes prices one sample house, a 2,000 square foot wood frame home built in 1997 with $300,000 of dwelling coverage and a $1,000 deductible, and quotes it in all 299 Indiana ZIP codes in its data. NerdWallet prices a $400,000 dwelling for a 40 year old homeowner with good credit. Insurance.com prices $300,000 of dwelling coverage across 134 insurers. A bigger house costs more to insure, so the $400,000 figure runs higher by design. None of these numbers is wrong. They answer slightly different questions.
How much is homeowners insurance in Indiana in 2026?
For a $300,000 dwelling with a $1,000 deductible, Indiana homeowners pay about $2,726 a year on average in 2026, or roughly $227 a month, per InsuranceQuotes and Quadrant Information Services. For a $400,000 dwelling, NerdWallet puts the average at $2,985 a year, or about $249 a month. Insurance.com lands between the two at $2,869 a year for its standard profile.
| Source and method | Indiana average | What it measures |
|---|---|---|
| InsuranceQuotes / Quadrant, rates as of Sept. 30, 2026 | $2,726 a year ($227 a month) | Quoted $300,000 dwelling, $1,000 deductible, same sample house in 299 ZIP codes, 2 insurers |
| NerdWallet, updated May 6, 2026 | $2,985 a year ($249 a month) | $400,000 dwelling, $300,000 liability, $1,000 deductible, 40 year old with good credit |
| Insurance.com / Quadrant, 2026 | $2,869 a year ($239 a month) | Average across 134 insurers, $300,000 dwelling, $300,000 liability, $1,000 deductible |
| Insurify, Nov. 1, 2026 | $2,196 a year ($183 a month) | Real time quotes, $300,000 dwelling, $1,000 deductible |
| MarketWatch, April 2026 | $2,757 a year | Single family home, $350,000 dwelling, $1,000 deductible |
Indiana sits below the national average on every one of these measures. InsuranceQuotes puts the state 12.1 percent below the average of the 50 states and Washington, D.C. for the same house. MarketWatch puts Indiana about 6 percent below the national average of $2,927 a year. The state is cheaper than its neighbors on most comparisons, which is one reason Indiana shows up on lists of affordable places to own a home. The savings are real but uneven, because the gap between the cheapest and priciest Indiana ZIP codes is wide.
Why do the Indiana averages disagree?
The five datasets above range from $2,196 to $2,985 a year, a spread of almost $800, and the reason is method, not error. Each one prices a different house, a different set of insurers, or a different kind of price. Quoted averages come from rate filings and fresh quotes. Real time quote data reflects what people actually shopped for in a given month. A dataset that only prices two insurers, as InsuranceQuotes does in Indiana, can miss regional carriers that price lower. A dataset that averages 134 insurers, as Insurance.com does, includes expensive ones that pull the average up.
The practical takeaway is simple. Use the statewide average as a starting point, then get three quotes for your own house. Your ZIP code, roof age, and credit history move the number more than the choice of dataset does. A homeowner in Fort Wayne and a homeowner in Evansville can see a $58 a month difference on the same house with the same coverage, as the city table below shows.
Who has the cheapest homeowners insurance in Indiana?
Indiana Farmers Insurance has the cheapest homeowners insurance in Indiana on Insurance.com’s analysis, at $2,187 a year on average for $300,000 of dwelling coverage, or about $172 a month. State Farm is the cheapest of the two insurers InsuranceQuotes priced in the state, at $206 a month ($2,474 a year), against Erie at $248 a month ($2,978 a year). USAA is cheaper still on some datasets, but it sells only to military members, veterans, and their families.
| Company | Average annual rate | Source |
|---|---|---|
| Indiana Farmers Insurance | $2,187 | Insurance.com / Quadrant, $300,000 dwelling |
| State Farm | $2,474 | InsuranceQuotes, $300,000 dwelling sample house |
| USAA (military only) | $2,085 | Insurance.com / Quadrant, $300,000 dwelling |
| State Farm | $2,515 | Insurance.com / Quadrant, $300,000 dwelling |
| Travelers | $3,416 | Insurance.com / Quadrant, $300,000 dwelling |
| Erie | $2,978 | InsuranceQuotes, $300,000 dwelling sample house |
One dataset disagrees sharply with the rest on the cheapest carrier, and it is worth flagging. Insurify lists Allstate at $58 a month ($696 a year) for the same $300,000 dwelling profile, while MarketWatch puts Allstate at $102 a month and Insurance.com’s data puts most major carriers above $2,000 a year. A $696 annual premium for a standard policy is far outside the range every other dataset reports. Treat that figure as an outlier from a different quote mix rather than a price you should expect, and compare Allstate against State Farm and Indiana Farmers on your own quotes before deciding.
American Family and Auto-Owners also show up consistently among the cheaper options in Indiana. A smaller carrier comparison site that builds estimates from public rate filings puts American Family at $1,269 a year, USAA at $1,365, and Auto-Owners at $1,435 for a standard policy. Those are directional estimates rather than quotes, but they point the same way as the bigger datasets: regional and mutual carriers compete hard in Indiana, and the national brands are not always the cheapest.
What does homeowners insurance cost by city in Indiana?
Fort Wayne has the lowest average of the Indiana cities InsuranceQuotes priced with at least five ZIP codes, at $196 a month for the sample house, and Evansville has the highest, at $254 a month, or 11.7 percent above the state average. ZIP code averages for the same house ran from $170 a month in Fort Wayne’s 46845 to $310 a month in Evansville’s 47713. That is a $140 a month gap, $1,680 a year, for identical coverage on an identical house.
| City | Average per month | Average per year | Compared with state average |
|---|---|---|---|
| Fort Wayne (16 ZIP codes) | $196 | $2,354 | 13.7 percent below |
| Indianapolis (Clearsurance city table) | $201 | $2,412 | Near the state average |
| Gary (Clearsurance city table) | $218 | $2,616 | Above average |
| Evansville | $254 | $3,048 | 11.7 percent above |
| Goshen (Clearsurance city table) | $152 | $1,824 | Well below average |
Evansville sits in the Ohio River valley in the southwest corner of the state, where severe thunderstorms, hail, and tornado exposure run higher than in the northeast. Fort Wayne and Goshen, in the northeast, see fewer severe storm claims. Indianapolis lands near the middle, though its higher burglary and theft counts push its rate above Fort Wayne’s. Clearsurance’s city table, which uses a different method from InsuranceQuotes, puts Indianapolis at about $201 a month and Gary at $218, with Goshen at $152. The two sources agree on the ranking even though their methods differ, which is a useful cross check.
What drives your Indiana premium?
Weather is the biggest Indiana specific factor. Tornadoes and hail shape rates across the state, and the southern counties along the Ohio River see more severe storm activity than the northeast. A roof’s age and material matter more here than in states with milder weather, because insurers price the chance of a hail claim into every policy. A new architectural shingle roof can cut a premium noticeably against a 20 year old three tab roof on the same house.
Credit history is the second big lever. Indiana permits credit based insurance scoring, so a homeowner with poor credit can pay far more than a neighbor with good credit for the same house and the same coverage. Claims history works the same way. A single claim raises the next renewal, and two claims in a few years can push a homeowner toward a higher priced carrier or the Indiana FAIR Plan, the state’s insurer of last resort for homes standard carriers will not write.
The deductible is the lever you control directly. A $1,000 deductible is the standard in these averages. Raising it to $2,500 usually cuts the premium by 10 to 15 percent. A percentage wind and hail deductible, often 1 or 2 percent of the dwelling limit, works differently. On a $300,000 home, a 2 percent wind and hail deductible means you pay the first $6,000 of a storm claim yourself. That trade only makes sense if you can cover $6,000 out of pocket after a storm. Our guide to home insurance deductibles walks through the flat versus percentage choice in detail.
A worked example: the same house in Fort Wayne and Evansville
Take the sample house InsuranceQuotes priced, a 2,000 square foot wood frame home built in 1997 with $300,000 of dwelling coverage and a $1,000 deductible. In Fort Wayne it averages $196 a month, or $2,354 a year. In Evansville the same house averages $254 a month, or $3,048 a year. The difference is $58 a month, $696 a year, for identical coverage on an identical house, and it comes down to location alone.
Now add the carrier choice. In Fort Wayne, State Farm’s statewide average of $206 a month would run about $2,474 a year, while Indiana Farmers’ $2,187 a year would save about $287 a year against State Farm on the same $300,000 dwelling. In Evansville, the same carrier switch saves the same dollars, but the starting point is higher, so the percentage saving looks smaller. The lesson is that location sets the range and the carrier picks the point inside it. Shopping three quotes matters most where the location penalty is already high.
How to lower your Indiana homeowners premium
Start with three quotes, and include at least one regional carrier. Indiana Farmers, Auto-Owners, and American Family all price below the big national brands on several datasets, and they do not always appear in the big comparison sites. A quote from one of them takes ten minutes and can save several hundred dollars a year.
Raise the deductible only if the savings cover the risk. Moving from $1,000 to $2,500 typically saves 10 to 15 percent, or about $270 to $410 a year on the $2,726 average. That saving pays for the extra $1,500 of out of pocket cost in about four claim free years, which is a reasonable bet for most homeowners. Do not take a percentage wind and hail deductible unless you have the cash to cover it.
Bundle the home and auto policies with the same carrier, and ask about discounts for a new roof, a monitored alarm, and a claims free history. Roof age is the discount most Indiana homeowners leave on the table. A roof replaced in the last five years can earn a meaningful discount, and it also removes the surcharge many carriers apply to roofs over 15 years old. If your rate jumped at renewal, our guide on why home insurance went up in 2026 explains the most common causes and what to do next.
Flood is the gap to check before you sign. A standard homeowners policy does not cover flood damage, and parts of Indiana along the Wabash and Ohio rivers flood regularly. A separate flood policy through the National Flood Insurance Program or a private flood insurer is the only cover for rising water. Our flood insurance rates by ZIP code guide shows what that cover costs. Homeowners in Michigan and Wisconsin face the same Great Lakes and river flood questions, and the same separate policy rule applies there.
Frequently asked questions
How much is homeowners insurance in Indiana in 2026?
About $2,726 a year, or $227 a month, for a $300,000 dwelling policy with a $1,000 deductible, per InsuranceQuotes and Quadrant Information Services. For a $400,000 dwelling, NerdWallet puts the average at $2,985 a year. Your own premium depends on your ZIP code, roof, credit, and claims history.
Who has the cheapest homeowners insurance in Indiana?
Indiana Farmers Insurance, at $2,187 a year on average for $300,000 of dwelling coverage, per Insurance.com and Quadrant. State Farm is cheapest among the insurers InsuranceQuotes priced statewide, at $206 a month. USAA is cheaper on some datasets but sells only to the military community.
What is the cheapest city for homeowners insurance in Indiana?
Fort Wayne, at $196 a month on average for the sample house, per InsuranceQuotes. Goshen is lower still on Clearsurance’s city table at about $152 a month. Evansville is the most expensive city in the data at $254 a month.
Why is homeowners insurance cheaper in Indiana than the national average?
Indiana has lower rebuilding costs than coastal states, no hurricane exposure, and a competitive market with strong regional carriers. InsuranceQuotes puts the state 12.1 percent below the average of the 50 states and Washington, D.C. for the same house. Severe thunderstorms and hail still push rates up in the southern counties.
Does homeowners insurance in Indiana cover tornado damage?
Yes. A standard HO-3 policy covers wind damage from tornadoes, including roof and structural damage. Flood damage from the same storm is not covered and needs a separate flood policy. A percentage wind and hail deductible may apply to the tornado claim, so check whether your policy uses one.
Does homeowners insurance in Indiana cover flooding?
No. A standard homeowners policy excludes flood. Homes near the Wabash River, the Ohio River, and other waterways need a separate flood policy through the National Flood Insurance Program or a private flood insurer. NFIP policies generally carry a 30 day waiting period before coverage starts.
InsuranceQuotes publishes the Indiana state figures used above in its Indiana home insurance rates page, with rates as of September 30, 2026, built from insurers’ filed rates and compiled by Quadrant Information Services. NerdWallet publishes its $400,000 dwelling state table in its average homeowners insurance cost guide, updated May 6, 2026. Insurance.com publishes its Indiana carrier table in its best and cheapest homeowners insurance in Indiana guide.
