Indianapolis Insurance Rates:

Indianapolis, IN home insurance is roughly $695 to $940, about $57-$78/month. Our detailed guide reveals consumers can save upto $326 by comparing different quotes

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Indianapolis Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $70/2 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Bath 1230 sqft Vacation Property Constructed In 1990 with Ceramic Tile Flooring, Asphalt Shingles Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Smoke Alarm, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

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

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $230/7 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

2 Beds, 2 Bath 1190 sqft Primary Residence Constructed In 1993 with Linoleum, Wood Shake Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Swimming Pool, Deadbolt Locks, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

59 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $200/5 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $90,000

2 Beds, 2 Bath 1430 sqft Primary Residence Constructed In 1982 with Wood Flooring, Tile Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, Indoor Sprinklers, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

69 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $240/3 months for $300,000 Coverage
Glendale where we live near is fairly upper middle class with homes in the $350 to $500,000 range. Our house is in a 3/4 acre wooded lot & built on two stories & Large Master Bedroom on main floor, Original Hard wood floors that are in great shape, sun room, home office, over looking fenced in back yard and porch.
I work as a writer from my home office. We have good credit w& still paying down our mortage
Home Insurance Rate of $70/1 month for $280,000 Coverage
We are very close to all the security & safety infrastructure & the sub-division we live in has additional patrolling as well.
We just took a new mortgage on our house with a refinance and still have about 70% of our house worth to go before we are done.

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Indianapolis Rates & Quotes Analysis:

Indianapolis Area Estimated House Insurance
Brookview Cir, Westbourne Dr, Potters Cove Ct, Classic Cir, Harbour Isle, Brennan Rd, Sargent Ridge, Questover Cir, E Ray St, E Oak Ave$786
N Rybolt Ave, Forest View Dr, Leota St, Caisson St, Alonzo Pl, Chesterbrook Ct, Sheffield Ct, N Glen Arm Rd, Bel Moore Cir, Brendon Way Ct$803
Heathmore Dr, New Salem Overlook, Rock Oak Dr, Lahabra Ln, Meganwood Ct, Hillside Ave E Dr, S Bradley Ave, Capel Dr, Monon Cir, Purcell Cir$852
Rambling Rd, Sienna Cir, Old Trails Rd, Network Way, Harvest Ridge Ct, Jay Ct, Pinesprings W Dr, Navigate Way, Opal Ridge Ln, Manning Rd$859
Barnor Dr, Woodfront Pl, S Livingston Ave, S Whitcomb Ave, Skeeter Ct, Brown Cir, Shady Hollow Ln, Summerfield Dr, Oakwood Trl, Ingalls Way$820
Margaret Ct, Aylesford Ln, Orchestra Way, Lockerbie St, Frank St, Nantucket Ct, Bretton Wood Dr, Radcliffe Ct, E Oak Ave, Red Horizon Blvd$829
Derby Ct, Harway Ct, N Earl Ave, Solun Ct, Seascape Ct, Continental Ct, Stonecreek Dr, Admiralty Ln, Cedar Dr, Evison St$810
Elmtree Park Pl, Springdale Pl, Red Clover Dr, N Rochester Ave, Kansas St, Honey Creek Ct, Stone Ring Cir, Constantino Ln, Rebel Run, Park Central Ct$805
Grinnell Ln, Rosegate Pl, Stadium Dr, Chenille Ct, Pine Forge Cir, N Jefferson Ave, Busseron Ln, Carlyle Ln, Rawles Ave, Basin Park Dr$855
Elmtree Ct, Ridge Vale Pl, Thicket Hill Ln, Cromer Rd, Oakbrook Ct, Spinnaker Ct, Tenor Way, McCollough Ct, Bearwood Ct, Pinellas Park Dr$811

Insurance rates are influenced by a number of factors including:

  • Year Built: 62,813 Homes (16% of total homes ) built between 1939 or earlier in Indianapolis are paying home insurance between $1,748-$1,761. Places close to Indianapolis, IN such as Spring Hill, Wynnedale, Warren Park are more expensive by $197, $156, $22 respectively while Center and Rocky Ripple are cheaper by $65 and $10 respectively for similar homes.
  • Bedrooms: 139,328 3 bedrooms homes (37% of total homes ) in Indianapolis are paying about $931. Areas near to Indianapolis such as Marion County, Spring Hill, Wynnedale are costlier by $9, $104, $84 respectively whereas Center and Rocky Ripple are more economical by $28, $5 respectively for similar homes.
  • Auto Insurance Bundling: 82,123 Households (44% of all households) in Indianapolis have 2 vehicles available and when it is bundled with home insurance you can save $163. Discounts for similar bundling in close by locations such as Center, Marion County, Spring Hill come to $157, $163, $181 respectively.
  • Senior Discounts: 80,814 seniors (more than 55 years) occupied housing units (44% of total) in Indianapolis get discounts between $122 to $124. The comparative concessions in proximate regions such as Center, Marion County and Spring Hill are $117, $122 and $136 respectively.
  • New Homes discounts: New homes such as the 138,221 homes built between 2000 to 2009 in Indianapolis can save $163 and similar new home insurance discounts in nearby towns and cities like Center, Marion County and Spring Hill are $157, $163 and $181 respectively.

Indianapolis Homeowners insurance Facts

  • Indianapolis, IN has 183,620 owner occupied houses which is 56.3% of all units whereas Center, Marion County and Spring Hill have 43.79%, 56.87% and 100.0% respectively.
  • Indianapolis, IN homeowners yearly insurance price at $817 is 0.68% of the typical house value of $119,900 which is in contrast with 1.1% in Center, 0.68% at Marion County & 0.35% in Spring Hill.
  • Homeowners in Indianapolis, IN pay 1.92% of their income ($40,000 to $44,999) in insurance whereas homeowners in Center, Marion County and Wynnedale pay 1.85%, 1.92% and 2.1% respectively.
  • Indianapolis, IN’s insurance is 5.8% of monthly housing costs of $1,171/month, for owners with a mortgage compared to 7.02% in Center, 5.82% at Marion County & 3.19% in Spring Hill. But, for households without a mortgage, insurance is 17.7% of costs ($385 in Indianapolis, IN) in contrast with 20.73% in Center, 17.75% at Marion County & 8.05% in Spring Hill.

Indianapolis, IN Home Values & Insurance rates

For example, insurance for 19,347 Homes (10.0% of total homes ) valued between $150,000 to $174,999 in Indianapolis, IN is about $1,102. Rates in nearby areas in such as Wynnedale, Warren Park, Speedway are cheaper by $488, $125, $23 respectively while Center and Marion County are costlier by $682 and $2 respectively for similar homes.

Indianapolis, IN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 15,123 8.0% $163
$50,000 to $59,999 6,799 3.0% $351
$60,000 to $69,999 9,332 5.0% $441
$70,000 to $79,999 10,126 5.0% $506
$80,000 to $89,999 12,379 7.0% $571
$90,000 to $99,999 12,478 7.0% $645
$100,000 to $124,999 32,177 18.0% $743
$125,000 to $149,999 24,576 13.0% $931
$150,000 to $174,999 19,347 10.0% $1102
$175,000 to $199,999 10,773 6.0% $1274
$200,000 to $249,999 11,358 6.0% $1535
$250,000 to $299,999 6,432 3.0% $1870
$300,000 to $399,999 5,871 3.0% $2377

Renters Insurance in Indianapolis

  • Average Renters Insurance in Indianapolis :  $194($16/month)

  • Median Gross Rent in Indianapolis :  $753

  • Indianapolis Renters Insurance to Median Rent Ratio:  2.12%

  • Renter occupied housing units in Indianapolis :  142,842

Indianapolis Renters Insurance as a Percentage of Rent

Indianapolis Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 2,331 1.0% $348
$200 to $299 3,273 2.0% $798
$300 to $499 10,683 7.0% $1248
$500 to $749 51,995 37.0% $1923
$750 to $999 43,561 31.0% $2673
$1,000 to $1,499 22,224 16.0% $3798
$1,500 or more 3,818 2.0% $5448

Rent Affordability in Indianapolis:

Approximately 48.0% (68,761) of households are spending more than 35% of their income on gross rent in Indianapolis

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 12,906 9.0%
15.0 to 19.9 percent 16,223 11.0%
20.0 to 24.9 percent 17,665 12.0%
25.0 to 29.9 percent 15,093 10.0%
30.0 to 34.9 percent 12,194 8.0%
35.0 percent or more 68,761 48.0%

Indianapolis Renters Insurance Discounts:

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

Number of Vehicles in Indianapolis, IN Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 76,232 53.0% $19.4
2 vehicles available 34,929 24.0% $29.1
3 or more vehicles available 7,292 5.0% $38.8

Indianapolis Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 9,001 6.0% $75
60 to 64 years 6,192 4.0% $60
65 to 74 years 7,032 4.0% $48
75 years and over 7,401 5.0% $37

Protective device discount in Indianapolis Up to :  $29

Claims-free discount in Indianapolis Up to :  $38

Indianapolis, IN Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
46203 $75,400 $800
46201 $69,700 $790
46222 $64,900 $790
46225 $63,600 $780
46218 $61,700 $780
46204 $266,700 $940
46220 $187,100 $870
46202 $170,700 $870
46228 $141,400 $840
46205 $120,000 $830
46208 $111,400 $820
46235 $106,100 $820
46219 $100,300 $810
46221 $100,200 $810