Fort Wayne ,IN Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Fort Wayne, IN homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Fort Wayne, IN is $1845. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Fort Wayne, IN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Fort Wayne, IN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $738 |
| $200,000 | $1,255 |
| $300,000 | $1,550 |
| $400,000 | $2,362 |
| $500,000 | $2,970 |
Home insurance costs in Fort Wayne can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 046819 | $1,742 |
| 46816 | $1,708 |
| 46809 | $1,710 |
| 46805 | $1,721 |
| 46807 | $1,712 |
| 46808 | $1,709 |
| 46802 | $1,705 |
| 46806 | $1,665 |
| 46803 | $1,669 |
| 46814 | $1,959 |
| 46845 | $1,879 |
| 46804 | $1,819 |
| 46818 | $1,794 |
| 46835 | $1,771 |
| 46815 | $1,762 |
| 46825 | $1,772 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Fort Wayne, IN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,892 |
| $1000 Deductible | $1,692 |
| $1500 Deductible | $1,596 |
| $2500 Deductible | $1,439 |
| $5000 Deductible | $1,218 |
| Home Insurance Company Near Fort Wayne, IN | Homeowners Insurance Agency Near Fort Wayne, IN | Address |
|---|---|---|
| Allstate | Justin Harkelroad | 8812 Coldwater Rd, Fort Wayne, IN, 46825 |
| State Farm | Shari Tomac | 1055 Us Highway 27 N, Berne, IN, 46711-1025 |
| Travelers | The Dehayes Group | 5150 W Jefferson Blvd Fort Wayne, Fort Wayne, IN, 46804 |
| Nationwide | Thomas Parrett Aai/Lutcf | 119 N Main St, Paulding, OH, 45879-1237 |
| Erie | Virtue Insurance Services Llc | 7209 Mill Run Road, Fort Wayne, IN, 46819 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Allen County, Indiana | $122 | $162 | $243 |
| St. Joseph township, Allen County, Indiana | $122 | $162 | $243 |
| Adams township, Allen County, Indiana | $119 | $159 | $239 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Fort Wayne, IN | 6.8% | 20.1% |
| Allen County | 6.34% | 19.75% |
| St. Joseph | 6.48% | 19.99% |
| Adams | 6.78% | 20.54% |
| Fort Wayne Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 777 | 2.0% | $355 |
| $200 to $299 | 1,011 | 2.0% | $805 |
| $300 to $499 | 5,971 | 17.0% | $1255 |
| $500 to $749 | 15,653 | 44.0% | $1930 |
| $750 to $999 | 8,456 | 24.0% | $2680 |
| $1,000 to $1,499 | 2,492 | 7.0% | $3805 |
| $1,500 or more | 498 | 1.0% | $5455 |
| Streets in Fort Wayne Area | Homeowners Insurance Cost |
|---|---|
| Montavilla Dr, Sugar Creek Rd, Poplar St, Kammeyer Rd, Albany Ct, Louden Dr, Buena Vista Dr, Westover Rd, Covington Commons Dr, Timber Ridge Ct | $810 |
| Brimstone Rd, Clear St, Ladue Ln, Anderson Ave, Hanover St, Morning Wind Pl, Saint Albans Ct, Kasselton Ct, York Ridge Pl, W Concord Ln | $764 |
| Oriole Cir, Creekwood Ln, Crandon Ln, Knollwood Ct, Vintners Way, Sheffield Way, Cutters Creek, E Fleming Ave, Mapledowns Dr, Glenrose Dr | $802 |
| Senate Ave, Juliette Ave, Broadmoor Dr, Paul St, Shalimar Cir, Colter Cv, California Ave, Abbey Place Ct, Patriot Dr, Goldenrod Pl | $783 |
| Lois Ln, Pinto Ln, Brookwood Pass, Beechwood Cir, Mannes Pine Cv, W Rudisill Blvd, Harrison St S, Neil Armstrong Trl, Copper Beach Run, Sakaden Pkwy | $933 |
| Hunters Cove, Hemingway Run, Druid Hills Dr, Highwood Dr, Farnsworth Dr, Shelter Field Run, Laurel Dr, E Douglas Ave, Derbyshire Dr, Norfolk Ave | $736 |
| Corvalis Ave, Willow Mound, Kirchner Trl, Dorothy Dr, Tennessee Ave, Mill Lake Cove, 1342, Thatcher Ct, Greenoak Blvd, Secretary Dr | $838 |
| Hemphill Dr, Craftsbury Cir, Buckskin Dr, Forest View Dr, Eckart St, Shalimar Dr, Madiera Dr, Foxtrot Ct, Venison Trl, Edgewood Ave | $812 |
| Samantha Dr, 1980, Daffodill Dr, Riviera Dr, Jewel Ct, Windjammer Ct, Flagstone Dr, Kennon Ct, Romane Dr, E Yoder Rd | $810 |
| Wheaton Dr, Pinsley Way, Bedrock Ct, Velmar Dr, Wallen Hills Dr, Southampton Dr, Woodland Xing, Redwood Estates Mhp, Misty Ct, Sylvan Meadows Dr | $845 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Fort Wayne | $120 to $122 |
| Allen County | $121 |
| Adams | $119 |
| New Haven | $120 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $4,500 |
| Yearly Fort Wayne Homeowner Insurance Premium Example | $1,500 | $900 |
| Out of Pocket Expense During Claim | $1,500 | $4,500 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $10,500 | $9,900 |
| Net Savings to Fort Wayne Home Owner from High Deductible Plan | $600 | |
| Scenario | Fort Wayne, IN Home Replacement Value MORE than Home Value | Fort Wayne, IN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $17,000 | $12,000 |
| Insurance Premium based on Replacement Value | $100 | $75 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $1,500 | Risk Exposure from Under Insuring Coverage is $3,500 |
| Premium Impact | Insurance cheaper by $25/year | Insurance costlier by $0/year |
| Insurance Company | Farmers Insurance | GEICO Insurance | American Family Insurance |
| Monthly Premium | 45 | 38 | 90 |
| Year Built | 1960 | 1982 | 1995 |
| Home Details | 3 Beds, 2 Baths | 2 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $175000-$200000 | $100000-$125000 | $175000-$200000 |
| Deductible | $5000 to $10,000 Deductible | $500- $1000 Deductible | $500 Deductible |