Indianapolis, IN Home Insurance - Analysis On Quotes, Rates & Agents

Indianapolis, IN Insurance Rates:

The average cost of home insurance in Indianapolis, IN is $827. vHome analyzed multiple home insurance quotes in Indianapolis, IN to narrow down the list of the cheapest insurance companies in Indianapolis, IN. vHome stresses the importance of comparing quotes from multiple companies to narrow down the best one that suits the consumer’s needs. Enter your Zip Code in the below banner to get instant home insurance quotes.

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Average Home Insurance Premium in Indianapolis, IN

National Average Premium State Average Premium Indianapolis Average Premium
$1,438 $847 $827

Top Home Insurance Companies in Indianapolis, IN | Back to Top

vHome Insurance has compiled a list of home insurance companies providing the best home insurance rates. The companies are as follows.

Company Name Coverage $70,000 Coverage $150,000 Coverage $200,000 Coverage $350,000
Farmers $901 $1,081 $1,405 $1,939
Cincinnati Insurance $1,025 $1,230 $1,599 $2,207
Indiana Farm Bureau $1,090 $1,308 $1,700 $2,346
Safeco $1,278 $1,533 $1,993 $2,751

Indianapolis, IN Homeowners Insurance for Different Coverages | Back to Top

Coverage Type Home Insurance Cost($)
$100,000 To $124,999 788.91
$150,000 To $174,999 952.68
$175,000 To $199,999 1,193.82
$200,000 To $249,999 1,350.12
$250,000 To $299,999 1,881.46
$300,000 To $399,999 2,605.69
$400,000 To $499,999 3,343.34
$500,000 To $749,999 4,279.47
$750,000 To $999,999 4,948.14
$1000,000 To $1499,999 5,449.64
$1500,000 To $2000,000 5,850.84

Visual Guide for Indianapolis, IN Home Insurance Buyers on Insurance Companies and Rates

Top Home Insurance Agents Near Indianapolis, IN | Back to Top

Home Insurance Company Near Indianapolis, IN Homeowners Insurance Agency Near Indianapolis, IN Address
Erie Gredy Insurance Agency Inc. 3939 S Walnut Street Suite 1, Bloomington, IN, 47401
Travelers Regions Insurance Inc 2701 ALBRIGHT RD, KOKOMO, IN, 46902

List of Indianapolis, IN Home Insurance Agents by Companies


Indianapolis, IN Homeowners Insurance Rates Based on Claims Filed | Back to Top

Homeowners in Indianapolis, IN with no claims filed get a discount of $107.51, whereas homeowners with one claim have to file an additional home insurance rate of $41 while homeowners with 2 claims have to pay an additional $108 for their home insurance premium.

Type of Claim Homeowners Insurance Cost Increase/Decrease($) Homeowners Insurance Cost($)
No Claim Discount -108 719
One Claim +41 868
Two Claim +108 935


Indianapolis, IN Homeowners Insurance by Zip Code | Back to Top

Zip Code Median Home Value($) Home Insurance Cost($)
46203 75,400 839
46201 69,700 786
46222 64,900 837
46225 63,600 802
46218 61,700 839
46204 266,700 802
46220 187,100 839
46202 170,700 802
46228 141,400 769
46205 120,000 777
46208 111,400 794
46235 106,100 782
46219 100,300 786
46221 100,200 777

Factors Affecting Home Insurance Premiums in Indianapolis, IN

The average cost of homeowners insurance in Indianapolis, IN is $827. Various factors could help homeowners lower their home insurance premiums. vHome Insurance lists the factors that could help homeowners reduce their home insurance costs.

Indianapolis, IN Home Insurance Premium Based on the Number of Bedrooms | Back to Top

Bedroom Size Average Homeowners Insurance Cost($)
2 Bedroom 754
3 Bedroom 808
4 Bedroom 1,723
5 Bedroom 2,424

Indianapolis, IN Home Insurance Premiums for Different Deductibles | Back to Top

Homeowners with a deductible of $500 pay a much higher amount on their home insurance premium, while homeowners who pay a deductible of $2500 pay a much lower amount on their home insurance premium as seen in the table below.

Deductible Type Average Homeowners Insurance Cost($)
$500 Deductible 817
$1000 Deductible 739
$1500 Deductible 696
$2000 Deductible 632
$2500 Deductible 594

Indianapolis, IN Homeowners Insurance Premium Based on the Age of the Home | Back to Top

Homeowners in Indianapolis, IN pay a much lower home insurance rate if their homes are newly constructed. Homeowners with homes that are older than 50 years pay a much higher rate on their home insurance premium as seen in the table below.

Home Age Homeowners Insurance Cost($)
Newly Constructed Home 645
Year 30 Old 839
Year 40 Old 849
Year 50 Old 858
Above Year 50 867

Indianapolis, IN Homeowners Insurance Cost Based on the Construction Type of the Home | Back to Top

Construction Type Home Insurance Cost Savings($) Home Insurance Cost($)
Fire Resistive 108 719
Masonry 41 786
Brick 41 786
Superior 74 753
Hail Resistant Roof 25 802

Top Saving Tips on Indianapolis, IN Homeowners Insurance | Back to Top

Homes built using sturdy materials, which are highly resistant to damage, receive substantial discounts on homeowners’ insurance. Indianapolis, IN homeowners can also bundle their home insurance policy with auto insurance to receive more discounts. Apart from this, home insurance companies tend to provide discounts to homes equipped with security features that make them less prone to burglaries. Senior citizens residing in households earn a considerable amount of discounts on homeowners insurance.

The tables below contain the complete list of discounts that Indianapolis, IN homeowners can take advantage of to increase their savings.

Indianapolis, IN Auto & Homeowners Insurance Bundling Discounts and Senior Citizen Discounts

Discount Type Home Insurance Cost Savings($) Home Insurance Cost($)
Bundle Discount 157 670
Retiree Discount (Senior Citizen Discount) 116 943
Newly Constructed Home 182 645

Indianapolis, IN Home Insurance Discounts for Home Safety Devices | Back to Top

Home Safety Devices Home Insurance Cost Savings($) Home Insurance Cost($)
Deadbolts 116 711
Fire Extinguishers 91 736
Smoke Detectors 91 736
Sprinkler System 74 753
Fire Alarm 74 753
Burglar Alarm 74 753
Lightning Protection 25 802

Latest Home Insurance Reviews

Erie Insurance
I would fully recommend Erie for home insurance. The rates are reasonable, the coverage options suit our needs and our experience with claims handling has been absolutely first rate.
Auto Owners Insurance
We are extremely satisfied. They have had great customer service; we really like our agent.If she is out of the office, we are able to handle things with another associate.
State Auto
I would say I am at a three. I feel our rate is appropriate for our home, but of course I would always like to save more money.
Allstate
I would rate my insurance company a 5 in terms of customer service. I've never had to file a claim but they have been helpful getting accounts started and transferred.
Allstate
I will recommend it, but your might need a good home insurance seller to deal with. It is the seller give us a good deal i think.
State Farm
My agent recommended it as being very reputable and the rates and coverage were the best offered for me.
Farmer's Insurance
I would rate this a 5 as well. They cover so many things that many other companies do not offer. Or, other companies may offer certain covered items in your home but for additional rates.
American Modern Insurance
I also like american modern because i have a specific home insurance agent that is assigned to me. because this agent is assigned to work on my case, he is very familiar with me and my home insurance claims when i reach out to him.
Aaa
I really love this company because they have great deal and quality of service that I can trust. People recommended this to me.
State Farm
State Farm is generally a bit higher than other insurance agents, and the deductible and coverage are more than likely the same as others. Our deductible is $500.00
Progressive
Progressive had the lowest premium for the same coverage as other companies
State Farm
The policy I have is similar to any other home insurance company. I don't believe I can get a better deal.
American Family
the app for this insurance company is not so safe.
Travelers
Yes I would recommend. They have a good combination of excellent coverage and low premiums.
Allstate
very positive and helpful. Other time I get someone on the phone or in person that isn't the most helpful and has a slight edge when speaking to me; almost as if I am inferior in some way for not understanding the policy or certain aspects of it.
Geico
Geico doesn't do its own policies, they rely on a separate network to do that for them. This is an inconvenience for their customers. Other companies are more knowledgeable as they write their own policies.
The Hartford
All of the staff that i have spoken to over the phone or in the office, have been beyond friendly.
State Farm
I am not given any information about ways to save money on my insurance or protect myself from new threats that could be developing in the area.
State Farm
State Farm does often raise the premium on homeowners. Even with no claims submitted, there are periodic increases in their pricing. In order to get fair prices on the premium, I must bundle car insurance with the homeowner's package.
Grange Insurance
What I really like about the customer service is that they are always prompt in getting to me when I have a question and they do not outsource for the call center
Auto Owners
I don't really have many complaints about the company thus far. If anything, I would say they need more availability on their webpage and mobile app, and would like to see more options for lower deductibles.
Farmer's Insurance
I like the fact that they always put the customer first no matter what. They do make you feel important and that you are being heard. And they have amazing customer service.
State Farm
I like that he sends my bill to me each month and every year will send me a birthday card. He also sends emails which is easier for me.
American Modern Insurance
I've never heard from them, which is normal, I guess. They aren't super good at communicating about anything, really. I'll find out when I file a claim.
Geico
There is nothing that I really dislike about the company. I just wish my premium was a little bit lower. I understand though with my home age and with an old unused building on the property.
State Farm
The company overall is good. They take care of me as a person and know me. They are a big business, however, so they are not perfect. Things run slow. Anytime you deal with a slow process that like that, pains are felt. Overall I would likely not switch though as I am sure that slow process exists in all companies.
Aaa
I am satisfied with the service and how reliable they are and how they promptly correct my problems. I am also satisfied they have good customer service.
State Farm
There is nothing I dislike about the company. I think that they are great and should be around for a long time.
American Family
The price that they quoted our house seems a little high to me. Also they don't work with you much on the price.
Farmer's Insurance
I would recommend this company for home insurance. Our agent is very careful and concerned about my parents' home and will always answer my mother;s calls.
Synergy Insurance Group
I dislike insurance companies as a whole. Their tendency to drop someone when they need them the most is abhorrent to me. It defeats the purpose of insurance altogether.
Progressive
I think that the prices they offer could be better and that they can work on improving the number of physical locations they have available in my area.
Allstate
Only thing is some female customer service representatives should be more skilled to understand and meet the need of the customers.
American Modern Insurance
They never contact me and don't really seem to care much about servicing my policy.
State Farm
I didn't do any shopping around for a home insurance policy. I have always had my auto insurance policy with State Farm. He set it up and I am very happy. I would give the policy a 5.