South Bend ,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 South Bend, 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 South Bend, IN is $1806. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in South Bend, IN. VHome Insurance will help you navigate the world of homeowners insurance coverages in South Bend, IN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $722 |
| $200,000 | $1,228 |
| $300,000 | $1,517 |
| $400,000 | $2,312 |
| $500,000 | $2,908 |
Home insurance costs in South Bend 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 |
|---|---|
| 046615 | $1,708 |
| 46601 | $1,714 |
| 46619 | $1,694 |
| 46616 | $1,706 |
| 46613 | $1,667 |
| 46637 | $1,772 |
| 46614 | $1,759 |
| 46635 | $1,770 |
| 46617 | $1,794 |
| 46628 | $1,743 |
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 South Bend, IN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,852 |
| $1000 Deductible | $1,656 |
| $1500 Deductible | $1,562 |
| $2500 Deductible | $1,409 |
| $5000 Deductible | $1,192 |
| Home Insurance Company Near South Bend, IN | Homeowners Insurance Agency Near South Bend, IN | Address |
|---|---|---|
| State Farm | Laurie Sutter | 409 E Jefferson St, Plymouth, IN, 46563-1827 |
| State Farm | Mike Gilbert | 3045 W John Beers Rd Unit 1, Stevensville, MI, 49127-1115 |
| NA | Swanson & Swanson Insurance, Inc. | 811 Indiana Ave Laporte, La Porte, IN, 46350 |
| Allstate | Brian Watson | 1218 Oak St, Niles, MI, 49120 |
| State Farm | Chris Nielsen | 751 E Porter Ave Ste 4, Chesterton, IN, 46304-9111 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Portage township, St. Joseph County, Indiana | $119 | $158 | $237 |
| Roseland town, Indiana | $119 | $158 | $237 |
| Indian Village town, Indiana | $124 | $165 | $248 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| South Bend, IN | 7.1% | 19.7% |
| Portage | 7.43% | 20.99% |
| Roseland | 7.7% | 19.38% |
| Indian Village | 5.38% | 23.93% |
| South Bend Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 439 | 2.0% | $360 |
| $200 to $299 | 667 | 4.0% | $810 |
| $300 to $499 | 1,942 | 13.0% | $1260 |
| $500 to $749 | 5,418 | 36.0% | $1935 |
| $750 to $999 | 4,336 | 29.0% | $2685 |
| $1,000 to $1,499 | 1,705 | 11.0% | $3810 |
| $1,500 or more | 423 | 2.0% | $5460 |
| Streets in South Bend Area | Homeowners Insurance Cost |
|---|---|
| E Woodside St, Saint Joseph St, Deerskin Trl, Lamar St, Rose Quartz Ln, Clearwater Ln, Burning Ridge Trl, Maplehurst St, Swallow Ct, S Esther St | $833 |
| Swanson Cir, S Warren St, Rockne Dr, Duey St, Claffey St, Richard Ave, Eagle Point Dr, S Jacktown Dr, N Sunnyside Ave, S High St | $814 |
| S Falcon St, Woodward Ct, Shellbark Ave, Dennis Dr, Scenic Dr, Oakwood Blvd, Boulder Bay Dr, Wren Ln, Pimm Ln, Christian | $835 |
| Bentley Ln, Fenton Ln, N Sommers St, Paris St, Duncan Dr, Lucille Ave, Olive Rd, Sunset Marble Dr, Westwood Hills Dr, Rose St | $839 |
| Marshall Dr S, E Bronson St, Smith St, Rose Rd, Bonfield Pl, Ritschard Ave, Emerson Forest Pkwy, Woodsong Dr, King St, New Energy Dr | $830 |
| Woodsong Ct, S Tyler Dr, Noble Ridge Dr, Moonbeam Ct, Fairview Ave, Running Creek Dr, India Ct, Silver Ln, Tyris St, N Fairfax Ct | $838 |
| Rupel St, Redtail Ct, Eugene St, Park Ln, York Rd, Burr Oak Dr, Cushing St, Placid Dr, Lancer Dr, Elmer Ave | $804 |
| Clubhouse Ct, E Donald St, Fairmont Ave, W Calvert St, St James Ct, Larne Dr, Dundee St, S 35th St, Anderson Ave, Weist Ln | $828 |
| Dunrobbin Ln, Peachstone Dr, Fernwood Ct, Glenn Oak Dr, Wildflower St, Riviera Blvd, Nottingham Ct, Early Rd, Rosewood Rd, Kingston Ct | $836 |
| Roosevelt St, Brora Dr, S 28th St, Grant Rd, E Rockne Dr, Main Ave, E Fairington Cir, S Tuxedo Dr, Rolling Hills Dr, Macarthur Ave | $840 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| South Bend | $119 to $121 |
| Portage | $118 |
| Indian Village | $124 |
| St. Joseph County | $122 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $4,000 |
| Yearly South Bend Homeowner Insurance Premium Example | $1,300 | $800 |
| Out of Pocket Expense During Claim | $1,000 | $4,000 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $10,100 | $9,600 |
| Net Savings to South Bend Home Owner from High Deductible Plan | $500 | |
| Scenario | South Bend, IN Home Replacement Value MORE than Home Value | South Bend, IN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $176,000 | $141,000 |
| Insurance Premium based on Replacement Value | $725 | $575 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $19,000 | Risk Exposure from Under Insuring Coverage is $16,000 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $75/year |
| Insurance Company | Farmers Insurance | Nationwide Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 19 | 76 | 65 |
| Year Built | 1953 | 1963 | 1977 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $50000-$75000 | $175000-$200000 | $250000-$300000 |
| Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible | > $10,000 Deductible |