Franklin Insurance Rates:

Franklin, IN homeowners insurance is approximately $705 to $957, about $58-$79/month. Our in depth analysis shows customers can save as much as $332 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Find the Cheap Homeowners Insurance in Franklin, IN

As a homeowner in Franklin, IN, it's important to have homeowners insurance to protect your home and personal belongings. Homeowners insurance can help cover the cost of repairs or replacement if your home is damaged by a fire, severe weather, or other covered events. It can also help pay for medical expenses if someone is injured on your property.

The average cost of homeowners insurance in Franklin, IN, is 891. If you're a homeowner in Franklin, IN, you know that finding affordable homeowners insurance can be a challenge. But it's important to ensure you're properly protected in an emergency. The good news is that you can do a few things to help lower your premiums. This article will share some tips on finding cheap homeowners insurance in Franklin, IN.

1. By Choosing a Higher Deductible

When it comes to homeowners insurance, one of the best ways to save money is to choose a higher deductible. By doing so, you can reduce your overall insurance costs. You need to make sure you can afford to pay the higher deductible if you ever need to file a claim. But if you are confident in your ability to save money, choosing a higher deductible can be a great way to reduce your homeowner's insurance costs. For example, in Franklin, IN, homeowners with 500 and 1500 deductibles pay $880.31 and $749.69 in premiums, respectively. Owners of homes with deductibles of 2000 and 2500 each pay $680.55 and $639.74, respectively. Therefore, the higher the deductible, the lower the homeowners insurance rates in Franklin, IN.

2. By Installing Security Features

Security features include a security system, deadbolt locks, and outside lighting. These features can deter burglars and help to keep your home safe. And when your home is safe, your insurance company may give you a discount on your policy. So if you’re looking to save money on your homeowner's insurance, consider installing some security features. It could end up being a very wise investment. For example, homes with deadbolts in Franklin, IN, pay $766.26 on home insurance. Installing a security system is a wise investment, as it can save you money on your homeowner's insurance. Shop around and compare rates from different companies before choosing a policy.

3. By Maintaining a Zero Claims History

A zero claims history means that you have not filed any insurance claims against your policy in the past. This is important because insurance companies often raise rates for policyholders who have filed claims in the past. Maintaining a zero claims history will make you a lower-risk customer and more likely to qualify for discounts and lower rates. For example, homeowners in Franklin, Indiana, who have never filed a claim, must pay a premium of $775.17. In contrast, in Franklin, IN, homeowners with one or two claims must pay $935.55 and $1015.74 for homeowners insurance.

Franklin, IN Homeowners Insurance By Home Value

Franklin, IN Home Value Total Homes % of Total Average Franklin, IN Homeowners Insurance
Less than $50,000 374 2.0% $141
$70,000 to $79,999 241 1.0% $440
$80,000 to $89,999 315 2.0% $498
$90,000 to $99,999 891 6.0% $556
$100,000 to $124,999 3,673 24.0% $648
$125,000 to $149,999 3,072 20.0% $806
$150,000 to $174,999 2,336 15.0% $955
$175,000 to $199,999 1,237 8.0% $1105
$200,000 to $249,999 1,361 9.0% $1329
$250,000 to $299,999 636 4.0% $1620
$300,000 to $399,999 494 3.0% $2060

Top Home Insurance Agents Near Franklin, IN

Home Insurance Company Near Franklin, IN Homeowners Insurance Agency Near Franklin, IN Address
NA Genung & Mayfield Companies 8247 Indy Ct , Indianapolis, IN, 46214
Travelers Insurance Associates Inc 7255 N SHADELAND AVE STE B, INDIANAPOLIS, IN, 46250
State Farm Lindsey Cuneo 110 E Church St, Alexandria, IN, 46001-2006
State Farm Pete Majeski 17 S Indiana St, Mooresville, IN, 46158-1649
Farmers Thomas Knapp 4726 W State Road 46, Bloomington, IN, 47404

Franklin, IN Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Franklin, IN

Streets in Franklin Area Homeowners Insurance Cost
Pleasant Tree Ct, Republic Ln, Ardwell Dr, Loam Ct, River Mist Pl, Victory Cir, Adelaide St, Ashland Pointe Dr, Aberdeenshire Ct, Knobstone Ln$816
Sly Fox Dr, Frye Rd, August Dr, Wild Pheasant Ct, Baker Rd, Amarillo Dr, Lake Mead Dr, Freedom Pass, Little Leaf Pl, Elmbury Ct$843
Economics Ct, Chisolm Trl, Lorene Cir, Rosebush Ln, E Southern Mist Dr, Silver Lake Dr, Darby Dan Dr, Langham Way, Connie Dr, Bowen Rd$829
Southern Cross Dr, Emerson Village Pl, Brandenburg Blvd, Crystal Trail Way, Deerhurst Way, Twin River Ln, Southern Springs Cir, Sierra Ridge Dr, Timberfield Ln, Crackling Ln$818
Summer Breeze Ln, Rosegate Ln, E Waybridge Ln, Thompson Park Blvd, Arrowroot Way, Emerson Village Dr, Fiesta St, Preamble Ct, Wagon Wheel Trl, Churchman Ln$812

Franklin, IN Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Franklin$124 to $126
Beech Grove$120
Southport$121
Clark$128

Franklin, 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
Beech Grove city, Indiana $100 $133 $200
Southport city, Indiana $102 $135 $203
Clark township, Johnson County, Indiana $107 $143 $214

Franklin, 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
Franklin, IN5.2%15.9%
Beech Grove6.41%20.99%
Southport5.99%18.74%
Clark4.06%14.31%

Franklin Renters Insurance as a Percentage of Rent

Franklin Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 67 1.0% $790
$300 to $499 118 2.0% $1240
$500 to $749 1,194 28.0% $1915
$750 to $999 1,330 31.0% $2665
$1,000 to $1,499 1,279 30.0% $3790
$1,500 or more 177 4.0% $5440

Franklin, IN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$700$1,700
Yearly Franklin Homeowner Insurance Premium Example $900$700
Out of Pocket Expense During Claim$700$1,700
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $7,900$7,300
Net Savings to Franklin Home Owner from High Deductible Plan $600

Franklin, IN Home Insurance Costs With Home Replacement Value Scenarios

Scenario Franklin, IN Home Replacement Value MORE than Home Value Franklin, IN Home Replacement Value LESS than Home Value
Replacement Value $151,500 $100,500
Insurance Premium based on Replacement Value $625 $425
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $37,000 Risk Exposure from Under Insuring Coverage is $14,000
Premium Impact Insurance cheaper by $50/year Insurance costlier by $150/year

Example Franklin Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company American Family InsuranceState FarmFarmers Insurance
Monthly Premium 509140
Year Built 199219802012
Home Details 3 Beds, 2 Baths4 Beds, 1 Baths5 Beds, 3 Baths
Coverage Amount $150000-$175000$250000-$300000$200000-$250000
Deductible $2500-$5000 Deductible$1000-$2500 Deductible> $10,000 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2007 150,000 Tile Roof 2,000 4 $500 Deductible 180 4 Wood siding yes
1986 120,000 Tile Roof 1,240 3 $500- $1000 Deductible 310 7 Stone Siding yes
2011 350,000 Shingles Roof 3,600 5 $500- $1000 Deductible 1300 9 Stone Siding yes
2004 350,000 Composition Roof 3,350 5 $1000-$2500 Deductible 130 1 Stucco siding No
1981 395,000 Wood Shake Roof 5,000 5 $5000 to $10,000 Deductible 110 1 Stucco siding yes
1994 225,000 Shingles Roof 3,160 5 > $10,000 Deductible 150 3 Stone Siding No
2008 100,000 Composition Roof 1,310 3 $500 Deductible 120 4 Brick siding No
2000 125,000 Shingles Roof 1,510 3 $2500-$5000 Deductible 400 12 Stone Siding yes
2010 135,000 Wood Shake Roof 1,430 3 $1000-$2500 Deductible 40 1 Wood siding yes
2006 175,000 Slate Shingles Roof 2,370 4 $1000-$2500 Deductible 390 7 Fiber-Cement Siding yes
1991 175,000 Wood Shake Roof 1,850 5 $5000 to $10,000 Deductible 150 3 Stucco siding yes
1992 200,000 Asphalt Shingles Roof 1,910 3 > $10,000 Deductible 150 3 Stone Siding No
1999 185,000 Composition Roof 2,630 4 $500- $1000 Deductible 840 10 Fiber-Cement Siding yes
2001 185,000 Membrane Roof 2,310 3 $5000 to $10,000 Deductible 440 8 Brick siding yes
2006 195,000 Metal Roof 2,120 3 $2500-$5000 Deductible 500 7 Fiber-Cement Siding No
1982 105,000 Metal Roof 1,240 3 $2500-$5000 Deductible 150 5 Wood siding yes
2008 170,000 Wood Shake Roof 1,960 3 $1000-$2500 Deductible 640 10 Stone Siding yes
1998 155,000 Membrane Roof 2,090 5 $500- $1000 Deductible 500 9 Fiber-Cement Siding yes
1993 165,000 Asphalt Shingles Roof 1,770 5 $5000 to $10,000 Deductible 70 2 Fiber-Cement Siding yes
2009 235,000 Asphalt Shingles Roof 2,730 5 $500 Deductible 1200 12 Stone Siding yes
1998 205,000 Metal Roof 1,950 4 $2500-$5000 Deductible 560 9 Stucco siding yes
1993 225,000 Composition Roof 3,150 5 $1000-$2500 Deductible 460 7 Brick siding No
1988 115,000 Composition Roof 1,280 3 $500 Deductible 290 6 Wood siding No
2012 200,000 Membrane Roof 2,640 4 $5000 to $10,000 Deductible 150 2 Vinyl siding yes
2008 180,000 Metal Roof 1,990 3 $5000 to $10,000 Deductible 90 2 Fiber-Cement Siding yes
1984 135,000 Metal Roof 1,710 4 $2500-$5000 Deductible 510 10 Fiber-Cement Siding No
2010 220,000 Shingles Roof 2,150 3 $2500-$5000 Deductible 60 1 Fiber-Cement Siding yes
2013 180,000 Membrane Roof 2,490 5 $500- $1000 Deductible 600 7 Stone Siding yes
2005 180,000 Composition Roof 2,160 4 $1000-$2500 Deductible 300 4 Brick siding yes
1990 305,000 Wood Shake Roof 2,970 4 $5000 to $10,000 Deductible 480 5 Wood siding yes
1981 345,000 Wood Shake Roof 3,280 4 $500 Deductible 1110 10 Stucco siding No
1990 240,000 Composition Roof 3,440 5 $5000 to $10,000 Deductible 550 12 Brick siding yes
1985 345,000 Slate Shingles Roof 4,660 5 $1000-$2500 Deductible 480 3 Stone Siding No
1989 380,000 Shingles Roof 3,780 5 > $10,000 Deductible 120 1 Vinyl siding yes

Latest Home Insurance Reviews

Amica Mutual Insurance
I would highly recommend Amica to others not only for their amazing customer service but also for their very reasonable rates and the services that they provide.
Erie Insurance
The Erie customer service has always been exceptional when I have needed them. Very helpful, and attentive to what my needs are. Furthermore, the wait times are very low.
American Family Insurance
I have always had a good experience with the customer service in the rare instances that I have had a claim. Particularly when we had storm damage to the roof and siding of our house. The company was quick to respond.
Progressive
Both the premium and the deductible progressive offered were better than the other companies I considered. The deductible only slightly so, but the better premium was a more substantial amount.
Geico
I like that our insurance company is a well recognized name in the industry. i like their commercial which oddly make me feel like i would be safe in an emergency.
State Farm
Sometimes i get bills that were not my actual bills and they were accidents which were corrected shortly.
State Farm
State farm pays claims fast. when there is damage to your home, you can't afford an insurance company that delays claim payments. state farm pays quickly so you can get things fixed fast.
Erie Insurance
I would like to bundle but their auto insurance is extremely high so I canÃḃ€™t lower my costs that way. Also because we had a claim on the house a few years ago, I can't switch to another homeowners company. I always want to get the best deal so knowing that I am stuck is quite frustrating.
Aaa
THIS COMPANY IS GOOD BUT THEY DON'T GIVE ANY CLARIFICATION ABOUT THE AGENTS
Aaa
It's an established company with many coverages and deductible options and I'm appreciative of the local office with expert staff willing to help whenever I've needed to update coverage or modify deductible amounts to keep the premium at a reasonably affordable level without sacrificing coverage to meet my needs. They're responsive, considerate, steady and reliable and that's what I need and want in an insurance company, and AAA has earned my loyalty.
Progressive
At the time that I opted for this, the premiums seemed low and they promised a quick turnaround on claims. I was convinced that the company provided a good return on my investment.
American Family
I would speak to an agent to get a comparison quote for your home owner's insurance from American Family.
State Farm
I feel completely satisfied with my current coverage and provider. From a cost and service standpoint, I would recommend them to others.
Progressive
yes, i could recommend to my friends and relatives to this company and polices. it could help others too. they are unique.they service is more trust able

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