Indianapolis Insurance Rates:

Indianapolis ,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 Indianapolis, 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 Indianapolis, IN is $1874. Enter your zipcode below and click “GO” to get multiple free quotes.

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Home Insurance Companies in Indianapolis, IN: Customer-Reviewed Options


Indianapolis, IN Homeowners Insurance Rates by Coverage Level

It is important to understand the different coverage options available in Indianapolis, IN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Indianapolis, IN.

Coverage Level Average Annual Premium
$100,000 $750
$200,000 $1,274
$300,000 $1,574
$400,000 $2,399
$500,000 $3,017


Indianapolis, IN Homeowners Insurance Rates by ZIP Code

Home insurance costs in Indianapolis 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
046203 $1,722
46201 $1,699
46222 $1,687
46225 $1,697
46218 $1,677
46204 $1,996
46220 $1,901
46202 $1,968
46228 $1,809
46205 $1,844
46208 $1,752
46235 $1,752
46219 $1,746
46221 $1,745


Indianapolis, IN Homeowners Insurance Deductibles

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 Indianapolis, IN, and how to choose the right one for your needs.

Deductible Level Average Annual Premium
$500 Deductible $1,921
$1000 Deductible $1,718
$1500 Deductible $1,621
$2500 Deductible $1,462
$5000 Deductible $1,237



Top Home Insurance Agents Near Indianapolis, IN

Home Insurance Company Near Indianapolis, IN Homeowners Insurance Agency Near Indianapolis, IN Address
NA Marvin Johnson & Associates 305 Washington St., Columbus, IN, 47201
NA Hbg-Wiggins Insurance Agency 1655 E Hawthorn Dr, Plainfield, IN, 46168
NA United Insurance Agencies 220 South Walnut St, Muncie, IN, 47305
Erie Gredy Insurance Agency Inc. 3939 S Walnut Street Suite 1, Bloomington, IN, 47401
Travelers Regions Insurance Inc 2701 ALBRIGHT RD, KOKOMO, IN, 46902

Indianapolis, IN Home Insurance Agents for Top Companies


Indianapolis, 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
Center township, Marion County, Indiana $118 $157 $236
Marion County, Indiana $122 $163 $245
Spring Hill town, Indiana $136 $181 $272


Indianapolis, 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
Indianapolis, IN5.8%17.7%
Marion County5.82%17.75%
Spring Hill3.19%8.05%

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

Cost Of Homeowners Insurance By Street Near Indianapolis, IN

Streets in Indianapolis Area Homeowners Insurance Cost
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

Indianapolis, IN Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Indianapolis$122 to $124
Marion County$122
Spring Hill$136

Indianapolis, IN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Indianapolis Homeowner Insurance Premium Example $700$500
Out of Pocket Expense During Claim$600$1,600
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $6,200$5,600
Net Savings to Indianapolis Home Owner from High Deductible Plan $600


Indianapolis, IN Home Insurance Costs With Home Replacement Value Scenarios

Scenario Indianapolis, IN Home Replacement Value MORE than Home Value Indianapolis, IN Home Replacement Value LESS than Home Value
Replacement Value $157,500 $113,500
Insurance Premium based on Replacement Value $650 $475
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $12,500 Risk Exposure from Under Insuring Coverage is $31,500
Premium Impact Insurance cheaper by $125/year Insurance costlier by $50/year


Example Indianapolis Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company State FarmTravelersErie Insurance
Monthly Premium 626971
Year Built 201420051965
Home Details 5 Beds, 1 Baths4 Beds, 2 Baths3 Beds, 1 Baths
Coverage Amount $250000-$300000$200000-$250000$175000-$200000
Deductible > $10,000 Deductible$5000 to $10,000 Deductible$500- $1000 Deductible