Carmel Insurance Rates:

Carmel, IN homeowners insurance is approximately $788 to $1,075, about $65-$89/month. Our complete analysis shows customers can save upto $372 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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How to Find the Best Homeowners Insurance in Carmel, IN

Carmel, IN, is a beautiful and thriving city with a lot to offer its residents. Unfortunately, like any other city, there is always the potential for disaster. That's why it's so important to have home insurance. Home insurance protects your most valuable asset - your home - in the event of a fire, theft, or other disasters. It's a small price to pay for peace of mind. The average cost of home insurance in Carmel, IN, is $1231. Many different companies offer home insurance, so it's important to shop around and find the one that's right for you. Make sure to get quotes from several companies and compare them before making a decision. It's also a good idea to read the fine print and ensure you understand your coverage. This article will provide essential details on homeowners' strategies to lower their Carmel, IN, home insurance premiums.

Cost of Home Insurance Based on the Coverage Level in Carmel, IN

The package known as coverage aids in defending your house and other structures on your property against unforeseen occurrences. It is intended to secure your house, possessions, or other valuables against damage and theft. The cost may vary based on the type of coverage a homeowner chooses. For instance, in Carmel, IN, homeowners who choose a $200K policy pay $770 for their home insurance. In Carmel, IN, homeowners typically opt for coverage between $100K and $300K, which costs $399 and $1526, respectively.

Cost of Home Insurance Based on the Deductibles in Carmel, IN

The deductible homeowners choose for their home insurance policy affects the amount they pay for their home insurance. Homeowners in Carmel who choose a higher deductible will pay less for their home insurance, while homeowners who choose a lower deductible will pay more for their home insurance. In Carmel, IN, homeowners insurance costs $1216.23 for those with a $500 low deductible. In contrast, in Carmel, IN, homeowners who selected a high $2500 deductible to pay $883.86 for their house insurance.

Cost of Home Insurance Based on the Age of the Home in Carmel, IN

Carmel, IN, homeowners insurance rates are largely based on the age of the home. For example, a home over 50 years old will typically have a higher rate than a home less than 10 years old. This is because newer homes are often built with more substantial materials and better safety features than older homes. For homes older than 30 and 50 years, homeowners insurance in Carmel, Indiana, costs $1250 and $1278, respectively. On the other side, in Carmel, Indiana, newly built homes may be eligible for $898.63 in insurance savings.

Carmel, IN Homeowners Insurance By Home Value

Carmel, IN Home Value Total Homes % of Total Average Carmel, IN Homeowners Insurance
Less than $50,000 174 1.0% $74
$90,000 to $99,999 226 1.0% $298
$100,000 to $124,999 493 2.0% $344
$125,000 to $149,999 555 3.0% $428
$150,000 to $174,999 1,475 8.0% $512
$175,000 to $199,999 1,598 9.0% $587
$200,000 to $249,999 3,987 23.0% $708
$250,000 to $299,999 3,130 18.0% $866
$300,000 to $399,999 5,139 30.0% $1109

Top Home Insurance Agents Near Carmel, IN

Home Insurance Company Near Carmel, IN Homeowners Insurance Agency Near Carmel, IN Address
State Farm Andrew Kennedy 12407 Old Meridian St, Carmel, IN, 46032-8713
Erie Brookson Insurance Llc 202 W Main Street, Greenwood, IN, 46142
Liberty Mutual Carina Lamb 11611 N. Meridian Street Ste 105, Carmel, IN, 46032
Liberty Mutual Independent Isu Insurance Service-Mayfield Agency 50 South Madison St., Mooresville, IN, 46158
State Farm Pete Marshall 6437 Rucker Rd Ste A, Indianapolis, IN, 46220-4868

Carmel, IN Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Carmel, IN

Streets in Carmel Area Homeowners Insurance Cost
Briarwood Trce, Bradbury Pl, E 151st St, Billy Creek Cir, 203rd St, W Tansey Xing, 10th St NW, Parkview Pl, Lake Point Dr, Towne Dr$875
W 31st, E 25th, Verdure Ln, Trumen Ct, Vinings Dr, Silver Spr, Riverwood Way, Aberdeen Bend, Armon Ct, Chesterton Dr$1,039
Brownstone Trce, State Rd 32 W, S Georgia St, Ethan Allen Ln, Walter Ct, Bauer Dr W, W Carmel Dr, Belle Forch Ct, Shoemaker Dr, Puffin Pl$853
Central Dr W, Redwood Dr, Potomac Ct, Lacosta Ln, Gwin Dr, W 169th St, Triple Crown Dr, Sedgwick Ln, E Greyhound Pass, Wintergreen Ln$969
Lake Forest Pkwy, Gaskin Way, Winfield Dr, Allison Ct, E 101st St, Walnutcreek Rd, San Marco Pass, Vali Dr, Longbow St, Woodland Cir$883
Trebah Cir, Rolling Springs Dr, Spring Highland Dr, Bridgeport Dr, Clear Lake Ct, Highland Cove, Barbano Ct, Adams St, E 481st, 3rd St NE$963
S Hamilton St, W Spencer St, Marbro Ln, Elyse Ln, Thornberry Dr, Clay Spring Dr, Nevelle Ln, Autumn Woods Dr, Cheval Pl, Stone Haven Dr$892
Springmill Ponds Blvd, Staghorn Dr, Shady Nook Rd, Hazel Foster Dr, Trowbridge Pass, Bali Hai Ct, Georgetown Ln, Foxfire Cir, 1st Ave NE, Coldwater Dr$983
W 151st St, Helford Ln, Medical Ct, Bridger Dr S, Sundance Ct, Mercury Ct, E 40th, Burke Dr, Feehan Dr, Torrey Pines Cir$1,042
Princeton Gate, Puntledge Dr, Salmon Dr, Dublin Dr, Amalfi Dr, Hill Crest Ct, Central Ave, W 186th St, Johnson Dr, Jessi Ln$962

Carmel, IN Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Carmel$139 to $142
Williams Creek$185

Carmel, IN Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Clay township, Hamilton County, Indiana $116 $154 $231
Westfield city, Indiana $110 $146 $219
Williams Creek town, Indiana $155 $206 $309

Carmel, IN Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Carmel, IN3.9%13.9%
Williams Creek2.58%10.3%

Carmel Renters Insurance as a Percentage of Rent

Carmel Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$300 to $499 88 1.0% $1183
$500 to $749 631 10.0% $1858
$750 to $999 2,045 34.0% $2608
$1,000 to $1,499 2,112 35.0% $3733
$1,500 or more 1,097 18.0% $5383

Carmel, IN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Carmel Homeowner Insurance Premium Example $2,200$1,600
Out of Pocket Expense During Claim$1,900$4,900
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $17,300$16,100
Net Savings to Carmel Home Owner from High Deductible Plan $1,200

Carmel, IN Home Insurance Costs With Home Replacement Value Scenarios

Scenario Carmel, IN Home Replacement Value MORE than Home Value Carmel, IN Home Replacement Value LESS than Home Value
Replacement Value $314,000 $224,500
Insurance Premium based on Replacement Value $1,825 $1,300
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $39,500 Risk Exposure from Under Insuring Coverage is $50,000
Premium Impact Insurance cheaper by $300/year Insurance costlier by $225/year

Example Carmel Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company American Family InsuranceErie InsuranceFarmers Insurance
Monthly Premium 71126141
Year Built 198120141995
Home Details 3 Beds, 2 Baths4 Beds, 2 Baths5 Beds, 4 Baths
Coverage Amount $200000-$250000$300000-$350000$500000-$600000
Deductible $2500-$5000 Deductible$1000-$2500 Deductible$5000 to $10,000 Deductible

Sample Home Insurance Rates for Carmel, IN from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2011 345,000 Composition Roof 2,540 4 $500 Deductible 250 2 Fiber-Cement Siding yes
2014 430,000 Metal Roof 2,650 4 $2500-$5000 Deductible 550 4 Stucco siding yes
2012 290,000 Shingles Roof 2,170 5 $1000-$2500 Deductible 780 8 Brick siding yes
2005 450,000 Wood Shake Roof 3,360 4 $5000 to $10,000 Deductible 380 3 Wood siding yes
1993 265,000 Metal Roof 1,760 3 $500 Deductible 260 2 Fiber-Cement Siding No
1986 205,000 Shingles Roof 1,390 3 $1000-$2500 Deductible 570 9 Stucco siding No
1999 815,000 Wood Shake Roof 4,870 5 > $10,000 Deductible 920 4 Stone Siding yes
2003 160,000 Asphalt Shingles Roof 1,290 3 $500- $1000 Deductible 230 4 Stucco siding yes
1981 415,000 Asphalt Shingles Roof 2,740 4 > $10,000 Deductible 590 5 Stucco siding No
1988 335,000 Asphalt Shingles Roof 1,890 4 $2500-$5000 Deductible 370 3 Stucco siding No
1986 410,000 Shingles Roof 2,360 4 $5000 to $10,000 Deductible 100 1 Brick siding yes
2014 305,000 Metal Roof 2,010 3 $5000 to $10,000 Deductible 880 12 Stone Siding yes
1999 425,000 Membrane Roof 2,370 3 $500- $1000 Deductible 1720 10 Vinyl siding yes
1983 385,000 Slate Shingles Roof 3,120 4 > $10,000 Deductible 310 4 Vinyl siding No
1986 460,000 Membrane Roof 2,690 4 $500- $1000 Deductible 1720 10 Fiber-Cement Siding No
2013 330,000 Shingles Roof 2,290 4 $500 Deductible 360 2 Vinyl siding yes
2012 325,000 Metal Roof 1,820 3 > $10,000 Deductible 220 3 Wood siding No
2000 285,000 Membrane Roof 1,730 3 $2500-$5000 Deductible 680 9 Vinyl siding No
1995 200,000 Slate Shingles Roof 1,580 3 $2500-$5000 Deductible 140 3 Brick siding No
1991 200,000 Wood Shake Roof 1,280 3 $500- $1000 Deductible 360 6 Wood siding No
1989 280,000 Wood Shake Roof 1,880 3 $5000 to $10,000 Deductible 600 7 Stucco siding yes
2002 500,000 Metal Roof 4,060 5 $2500-$5000 Deductible 430 2 Stucco siding yes
1998 240,000 Asphalt Shingles Roof 1,790 3 $1000-$2500 Deductible 450 5 Vinyl siding No
1993 890,000 Metal Roof 4,920 5 > $10,000 Deductible 1260 6 Fiber-Cement Siding yes
2014 345,000 Tile Roof 1,990 4 $500- $1000 Deductible 370 2 Fiber-Cement Siding yes
1983 425,000 Metal Roof 2,780 4 > $10,000 Deductible 220 2 Vinyl siding yes
1996 275,000 Metal Roof 1,570 3 $2500-$5000 Deductible 1370 12 Stone Siding yes
2014 365,000 Composition Roof 2,090 4 $500- $1000 Deductible 570 4 Vinyl siding yes
1991 395,000 Composition Roof 2,550 4 $1000-$2500 Deductible 1220 9 Stone Siding yes
1994 890,000 Asphalt Shingles Roof 4,930 5 > $10,000 Deductible 820 4 Brick siding yes
2003 345,000 Metal Roof 2,200 4 $500 Deductible 1000 7 Stucco siding yes
1988 225,000 Membrane Roof 1,410 3 $1000-$2500 Deductible 230 3 Fiber-Cement Siding No
2011 315,000 Slate Shingles Roof 1,850 5 $500 Deductible 680 6 Stone Siding yes

Latest Home Insurance Reviews

Auto Owners Insurance
They were recommended to me by someone who couldn't say enough good about them and I have not had any adverse interactions with them in the 5 years I've been with them.
State Farm
I highly recommend State Farm because they actually will be there for you in most circumstances the day of the loss. They offer excellent customer service.
I have had nothing but good experiences with Travelers. I would rate them a 5. I had an issue when I first moved in and they responded immediately and were very helpful and friendly.
Progressive's premium and deductible are great when compared to other home insurance policies. Progressive offers a competitive rate on their home insurance plans.
Auto Owners Insurance
While they do leave me alone without a lot of spam mail, I feel like they could do a better job trying to offer a deal or make sure I have the right policy.
State Farm
State Farm has great customer service, a wide variety of products, and good discounts when multiple insurance policies are bundled together.
Universal Property & Casualty Insurance Company
I recommend Universal Insurance to friends and family because of the good service and price. I hope that they will like universal same as we.
Erie Insurance
I would definitely and have actually recommended my insurance company to other people to help get them the best insurance for the best price
Erie Insurance
I fully recommend Erie Insurance. Insurance is a product that you hope to not have to use but when we had a claim we received first class service - it was quick, easy.Working with them was easy and stress-free.
My premium seem to be in line for most places I have looked.
Liberty Mutual
I would recommend Liberty Mutual to others for home insurance. The premium is much lower for comparable policy offerings. In particular if you are buying a house, you are trying to keep your monthly payment as low as possible and this lower premium allows you to do so.
Erie Insurance
I would definitely recommend Erie to others as a home insurer. Over the fifteen years I've been with Erie they have demonstrated and earned my trust.
I dislike that rates are higher than other insurance companies.
Alfa Insurance
We have always had a wonderful experience with Alfa. We had a leaky air unit in our attic. We called and they sent someone to survey the damage. Gave us some suggestions on who to call to fix it. The whole process was great.
Goodville Mutual
I have had no problems working with Goodville Mutual over the past ten years. Anytime we have an issue or question with the customer service is easily accessible. I am extremely satisfied with their service.
Liberty Mutual
I have used a lot of insurance companies over the years, but I think LM is one of the best in customer service.They are very friendly and helpful. I would give them a 4, as there is always room for improvement.
Pekin Insurance
Pekin insurance was initially brought to my family and me by our local insurance agent and since i have trust on this local insurance agent, i trusted that pekin insurance is a good home insurance company.
When my son had an accident, they were very prompt to add points to my history. it resulted in a significant increase in three years.
They provide good coverage at decent rates! even after making a claim, the rates did not go up too much!
There is nothing I don't like about geico they came to my rescue a few years back when I was having issues with state farm, and IÃḃ€™ve never looked back.
I like the ability to connect with them anytime I need to. They are very responsive to my needs and do a great job of returning my email/inquiries.
It is very difficult to contact our local agent and his working hours are very limited.
Auto Owners
The company had the claim filed fast and to our satisfaction. Working out details with contractor, insurance company is very helpful getting quote detailed.
Liberty Mutual
They are all the same so it wouldn't matter to me about recommending anyone.
Country Financial
Our experience with Country Financial has been positive and I would recommend them to other people. We've found our particular agent to be somewhat pushy but overall the experience has been good.
I would recommend Geico. They are the more balanced companies and do try to give you there best offers. They will also Email you when you could be saving some more money.
I would recommend Allstate to anyone. They were the most cost effective when we initially purchased and gave us a comparable plan compared to oother companies.

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