Bloomington Insurance Rates:

Bloomington, IN home insurance is roughly $722 to $983, about $60-$81/month. Our complete analysis reveals consumers can save as much as $340 by getting many quotes

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Bloomington Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Erie Insurance
Home Insurance Rate of $50/1 month for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $150,000

5 Beds, 5 Baths 1750 sqft Primary Residence Constructed In 1996 with Hardwood Flooring, Shingles Roof, Piers Foundation, Wood siding, Metal Frame Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

71 Years old Married Male who has a Full Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $150/1 month for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $395,000

5 Beds, 5 Baths 3580 sqft Rental Property Constructed In 2013 with Hardwood Flooring, Composition Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Deadbolt Locks, Central Air Conditioning, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

34 Years old Married Female who has a Full Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1020/10 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $390,000

5 Beds, 5 Baths 4660 sqft Rental Property Constructed In 1991 with Carpet Flooring, Tile Roof, Chainwall Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Copper Water Pipes, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

45 Years old Divorced Female who has a Full Time Job with household income of more than $150,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $70/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $110,000

2 Beds, 2 Bath 930 sqft Rental Property Constructed In 1974 with Ceramic Tile Flooring, Slate Shingles Roof, Slab Foundation, Brick siding, Metal Frame Construction. Home Features Include Smoke Alarm, Deadbolt Locks, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Divorced Female who is a Freelancer with household income of $50-$75,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $1190/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $240,000

5 Beds, 5 Baths 2070 sqft Primary Residence Constructed In 1945 with Stone Flooring, Membrane Roof, Crawl Space Foundation, Stone Siding, Brick Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Central Air Conditioning, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Divorced Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $120/5 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 1010 sqft Rental Property Constructed In 2013 with Hardwood Flooring, Membrane Roof, Slab Foundation, Stone Siding, Brick Frame. Home Features Include Deadbolt Locks, Swimming Pool, Smoke Alarm, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

69 Years old Single Female who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $790/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 1410 sqft Primary Residence Constructed In 1983 with Ceramic Tile Flooring, Composition Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Copper Water Pipes, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

57 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $390/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

3 Beds, 3 Bath 1590 sqft Vacation Property Constructed In 2002 with Hardwood Flooring, Tile Roof, Chainwall Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Single Female who has a Full Time Job with household income of more than $150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $660/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Baths 2250 sqft Vacation Property Constructed In 2013 with Linoleum, Tile Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Smoke Alarm, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

59 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Bloomington, IN Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
47401 $202,700 $890
47404 $140,200 $850
47403 $129,000 $840

Bloomington Rates & Quotes Analysis:

Bloomington Area Estimated House Insurance
Taylor Ct, N Plymouth Rd, W Allen St, N Feerwood Ct, E Indiana Bell Ct, Mulberry Dr, W Doyle Ave, S Fairmount Ct, Fairfield Dr, Legacy Ln$917
E Clover Ln, E Oliver Dr, E Lampkins Ridge Rd, E Laurelwood Ct, S Bainbridge Dr, N Martin Dr, N Waynes Ln, E Etter Rd, State Rd 48, W Wintersweet Ct$868
S Olcott Blvd, Summitview Pl, W Tabor Hill Rd, W 14th St, E Penn Ct, S Southern Oaks Dr, S Western Dr, W Woodland Rd, E 17th St, S Dorchester Dr$817
W Oak Leaf Dr, S Elm Leaf Dr, N Jackson St, W Daniel Ave, E Blue Ridge Dr, Pinemeadow Dr, N Jefferson St, E Oakdale Dr, Durham Ln, E Emery Ct$821
W Stapleton Ave, N Kinser Pike, Rex Grossman Blvd, Spriggs Ct, Winding Brook Cir, W Soutar Dr, S Brenda Ln, S Donnington Dr, E Bradshire St, Benson Ct$865
S Woodbluff Ct, Mulberry Ln, N Washington St, Sycamore St, E State Rd 45, N St Patricks Ct, N Orris Dr, W Middle St, Greenwood Ave, Arbors Ln$921
Timothy Ct, Hoosier Ct, S Morningside Dr E, N Fee Ln, E Atwater Ave, S Gentry St, Hunter Ln, Ridgemont Ct, W Lejac Ln, S Westplex Ave$797
E Mel Currie Rd, Berkley Ct N, S Heritage Rd, S Olde Mill Dr, N Union St, W Adams Hill Cir, W Sand College Rd, Jay Stewart Ln, Allendale Ct, E Audubon Dr$810
E State Rd 46, E Vermilya St, N State Hwy 37, Mabel's Way, N Oolitic Dr, N Railroad St, S Weatherstone Ln, N Kinser Pike, E Brenda Ln, S Picadilly St$829
W Wilshire Dr, Davis St, Woodhaven Dr, Trailridge Rd, W Illinois Ct, S Laurel Ct, S Knightridge Rd, W Gatewood Dr, N Industrial Dr, N Union Ct$798

Insurance rates are influenced by a number of factors including:

  • Year Built: 5,031 Homes (15% of total) built between 1980 to 1989 in Bloomington are paying home insurance between $1,271-$1,284 and varies from, Monroe County (-$16) and Richland (-$31).
  • Bedrooms: 7,045 1 bedroom homes (21% of total homes ) in Bloomington are paying about $750 and differs from Salt Creek (+$28), White River (+$7), Clark (+$5), Richland (-$10) and Van Buren (-$18).
  • Auto Insurance Bundling: 1,341 Households (13% of all households) in Bloomington have 3 or more vehicles available and when it is bundled with home insurance you can save $213. Discounts for similar bundling in close by locations such as Monroe County, Richland, Van Buren come to $210, $207, $205 respectively.
  • Senior Discounts: 5,141 seniors (more than 55 years) occupied housing units (50% of total) in Bloomington get discounts between $127 to $130 compared to Monroe County ($126), Richland ($124), Van Buren ($123).
  • New Homes discounts: New homes such as the 13,093 homes built between 2000 to 2009 in Bloomington can save $170 and similar new home insurance discounts in nearby towns and cities like Monroe County, Richland and Van Buren are $168, $166 and $164 respectively.

Bloomington Homeowners insurance Facts

  • Bloomington, IN has 10,271 owner occupied houses which is 33.9% of all units whereas Monroe County, Richland and Van Buren have 54.2%, 76.74% and 74.17% respectively.
  • Bloomington, IN homeowners yearly insurance price at $852 is 0.49% of the typical house value of $173,200 which is in contrast with 0.54% in Monroe County, 0.59% at Richland & 0.64% in Van Buren.
  • Homeowners in Bloomington, IN pay 1.55% of their income ($50,000 to $59,999) in insurance whereas homeowners in Monroe County, Richland and Van Buren pay 1.53%, 1.51% and 1.49% respectively.
  • Bloomington, IN’s insurance is 5.9% of monthly housing costs of $1,202/month, for owners with a mortgage compared to 5.92% in Monroe County, 5.97% at Richland & 6.41% in Van Buren. But, for households without a mortgage, insurance is 16.4% of costs ($433 in Bloomington, IN) in contrast with 17.43% in Monroe County, 18.47% at Richland & 18.87% in Van Buren.

Bloomington, IN Home Values & Insurance rates

For example, insurance for 1,282 Homes (13.0% of total homes ) valued between $150,000 to $174,999 in Bloomington, IN is about $792. Rates in nearby areas in such as Salt Creek, Painted Hills, White River are cheaper by $111, $7, $44 respectively while Monroe County and Richland are costlier by $82 and $163 respectively for similar homes.

Bloomington, IN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 642 6.0% $119
$60,000 to $69,999 101 1.0% $315
$70,000 to $79,999 247 2.0% $366
$80,000 to $89,999 515 5.0% $417
$90,000 to $99,999 422 4.0% $460
$100,000 to $124,999 1,019 10.0% $536
$125,000 to $149,999 911 9.0% $673
$150,000 to $174,999 1,282 13.0% $792
$175,000 to $199,999 831 8.0% $920
$200,000 to $249,999 1,433 14.0% $1107
$250,000 to $299,999 994 10.0% $1354
$300,000 to $399,999 1,175 12.0% $1721

Renters Insurance in Bloomington

  • Average Renters Insurance in Bloomington :  $114($9/month)

  • Median Gross Rent in Bloomington :  $761

  • Bloomington Renters Insurance to Median Rent Ratio:  1.18%

  • Renter occupied housing units in Bloomington :  20,024

Bloomington Renters Insurance as a Percentage of Rent

Bloomington Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 368 1.0% $328
$200 to $299 315 1.0% $778
$300 to $499 1,810 9.0% $1228
$500 to $749 7,052 35.0% $1903
$750 to $999 4,661 23.0% $2653
$1,000 to $1,499 3,776 19.0% $3778
$1,500 or more 1,664 8.0% $5428

Rent Affordability in Bloomington:

Approximately 62.0% (12,569) of households are spending more than 35% of their income on gross rent in Bloomington

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,328 6.0%
15.0 to 19.9 percent 1,231 6.0%
20.0 to 24.9 percent 1,648 8.0%
25.0 to 29.9 percent 1,685 8.0%
30.0 to 34.9 percent 1,563 7.0%
35.0 percent or more 12,569 62.0%

Bloomington Renters Insurance Discounts:

Bloomington Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Bloomington, IN Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 9,713 48.0% $11.4
2 vehicles available 4,631 23.0% $17.1
3 or more vehicles available 1,993 9.0% $22.8

Protective device discount in Bloomington Up to :  $17

Claims-free discount in Bloomington Up to :  $22