Best and Cheapest Homeowners Insurance in Indiana for 2025 (10 Most Affordable Companies)
The best and cheapest homeowners insurance in Indiana comes from USAA, Geico and State Farm with rates starting as low as $15/mo. Indiana homeowners insurance rates vary by coverage level with basic $200,000 policies to a much higher $500,000 policies.
The best homeowner insurance providers offer online tools to help look for cheap homeowner insurance quotes. Indiana home insurance quotes can be customized by property age, location and security features and many insurers offer stackable discounts for extra savings.
| Insurance Company | Rank | $200k | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $15 | A++ | Military Members | USAA |
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#2 | $22 | A++ | Affordable Rates | Geico |
 |
#3 | $24 | B | Customer Satisfaction | State Farm |
 |
#4 | $24 | A+ | Snapshot Savings | Progressive |
 |
#5 | $24 | A++ | Hybrid Discounts | Travelers |
 |
#6 | $27 | A | Cheap Rates & Discounts | Farmers |
 |
#7 | $37 | A | Coverage Options | American Family |
 |
#8 | $33 | A+ | Comprehensive Discounts | Nationwide |
 |
#9 | $46 | A+ | Best Overall Coverage | Erie |
 |
#10 | $48 | A+ | Policy Features | Allstate |
If you’re looking to protect your most valuable asset and get cheap home insurance in Indiana, compare rates now with our free quote tool.
What You Should Know
- USAA provides exclusive military benefits
- Geico offers security system discounts
- State Farm resolves faster than other providers
#1 – USAA: Best for Military Members
Pros
- Military Benefits: Check our USAA homeowners insurance review, which shows how Indiana veterans receive exclusive $15 monthly rates and deployment protection.
- Deployment Coverage: Military personnel across Indiana receive full protection during their overseas service assignments.
- Family Perks: Active duty families in Indiana qualify for exclusive homeowners insurance packages.
Cons
- Limited Eligibility: Non-military Indiana residents cannot access USAA's comprehensive homeowners insurance coverage plans.
- Base Location: Indiana homeowners living far from military bases face longer claim processing times.
#2 – Geico: Best for Affordable Rates
Pros
- Low Entry Rate: Indiana homeowners can protect their properties with $22 monthly insurance payments.
- Emergency Savings: Geico offers Indiana residents immediate discounts when installing home security monitoring systems (Read More: Protecting your property with home security systems).
- Online Accessibility: Indiana customers who manage policies online receive substantial discounts on annual premiums.
Cons
- Local Presence: Indiana homeowners must handle most insurance claims through virtual customer service channels.
- Basic Coverage: Standard Indiana policies exclude protection against specific types of water damage claims.
#3 – State Farm: Best for Customer Satisfaction
Pros
- Service Rating: Indiana State Farm agents respond to homeowner claims within twenty-four hours.
- Local Agents: Every major Indiana city maintains dedicated State Farm offices for immediate assistance.
- Claims Process: According to our State Farm homeowners insurance review, Indiana agents offer 24-hour claims response and dedicated local offices for immediate assistance.
Cons
- Premium Increases: Indiana State Farm policies increase significantly after filing multiple home insurance claims.
- Coverage Limits: Older Indiana homes may not qualify for complete State Farm protection.
#4 – Progressive: Best for Snapshot Savings
Pros
- Smart Technology: Our Progressive homeowners insurance review explores how Indiana residents save with its security system discounts and flexible monthly plans.
- Flexible Plans: Indiana residents can customize their $24 monthly coverage with specific add-ons.
- Bundle Benefits: Progressive offers Indiana homeowners excellent discounts for combining multiple insurance policies.
Cons
- Technology Requirement: Indiana homeowners need expensive smart devices to qualify for Progressive's best rates.
- Coverage Gaps: Progressive's smart home discounts exclude many older Indiana residential properties.
#5 – Travelers: Best for Hybrid Discounts
Pros
- Green Incentives: Indiana homeowners receive monthly discounts for installing certified energy-efficient appliances.
- Sustainable Coverage: Read our Travelers homeowners insurance review to learn about special rates for Indiana homes with solar power and energy-efficient appliances.
- Energy Savings: Indiana residents with green certification qualify for Travelers' lowest monthly rates.
Cons
- Qualification Process: Many Indiana homes require expensive upgrades to receive Travelers' green insurance discounts.
- Limited Features: Travelers restricts certain coverage options for Indiana homes without energy certifications.
#6 – Farmers: Best for Cheap Rates & Discounts
Pros
- Discount Variety: Through our Farmers homeowners insurance review, discover different ways Indiana residents can lower their $27 monthly rates with a 3-year rate lock.
- Rate Lock: Indiana residents can secure their $27 monthly rate for three years.
- Claims Benefits: Farmers protects Indiana homeowners from rate increases after their first claim.
Cons
- Coverage Tiers: Indiana homeowners must choose higher deductibles to access Farmers' best rates.
- Location Restrictions: Farmers limits premium coverage options in certain Indiana residential neighborhoods.
#7 – American Family: Best for Coverage Options
Pros
- Customization: Indiana homeowners can select from thirty different coverage options at American Family.
- Protection Levels: Our American Family homeowners insurance review details specialized coverage plans for various Indiana property values.
- Add-on Features: Indiana residents can enhance their policies with unique natural disaster coverage.
Cons
- Price Points: American Family charges Indiana homeowners more for their comprehensive coverage options.
- Complex Policies: New Indiana homeowners often struggle to understand American Family's coverage combinations.
#8 – Nationwide: Best for Comprehensive Discounts
Pros
- Discount Packages: Check our Nationwide homeowners insurance review to see how Indiana homeowners can stack multiple discounts for maximum savings.
- Loyalty Benefits: Indiana customers earn additional discounts for each year with Nationwide insurance.
- Safety Rewards: Nationwide reduces rates for Indiana homes with professional security system installations.
Cons
- Qualification Time: Indiana residents must maintain coverage for three years to earn loyalty rewards.
- System Requirements: Nationwide mandates specific security features for Indiana homes to qualify for discounts.
#9 – Erie: Best for Overall Coverage
Pros
- Complete Protection: According to our Erie homeowners insurance review, Indiana homes get full coverage against natural disasters with no gaps.
- Guaranteed Value: Erie insurance ensures Indiana homeowners receive full replacement costs after major property losses.
- Weather Coverage: Indiana residents get specialized protection against severe storms and extreme weather.
Cons
- Premium Costs: Erie charges Indiana homeowners higher rates for their comprehensive coverage packages.
- Regional Limits: Erie restricts certain premium services in specific Indiana geographical locations.
#10 – Allstate: Best for Policy Features
Pros
- Feature Access: Our Allstate homeowners insurance review shows how Indiana residents access 20 unique options like water backup and flood coverage.
- Protection Choice: Indiana residents can select specialized coverage options for specific property features.
- Claim Benefits: Allstate forgives Indiana homeowners for their first claim without raising rates.
Cons
- Premium Rates: Allstate's extensive coverage options result in higher monthly costs for Indiana homeowners.
- Feature Eligibility: Many premium Allstate features remain unavailable in certain Indiana coverage zones.
Compare Homeowners Insurance Rates in Indiana
In the table below, USAA has the best and cheapest homeowners insurance in Indiana with a $15 monthly premium for a $200,000 dwelling. Geico is second at $22 and State Farm at $24.
| Insurance Company | $200k Policy | $300k Policy | $500k Policy |
|---|---|---|---|
|
$48 | $140 | $200 |
|
$37 | $107 | $160 |
|
$46 | $127 | $180 |
|
$27 | $79 | $120 |
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$22 | $63 | $95 |
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$33 | $97 | $150 |
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$24 | $69 | $110 |
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$24 | $70 | $115 |
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$24 | $69 | $112 |
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$15 | $43 | $75 |
Standard Indiana homeowners insurance policies protect against 16 common hazards and costs differ by area. Cities that experience more crime usually lead to higher rates.
For example, Gary residents pay about $218 per month while Goshen homeowners with fewer crime reports pay just $152 monthly.
| City | Rates |
|---|---|
| Gary | $218 |
| Goshen | $152 |
| Indianapolis | $201 |
A mix of 122,931 larceny thefts as well as 34,097 yearly burglaries puts Indianapolis in the middle at approx. $202 per month for basic coverage. FEMA says Indiana has 24 severe storms and 12 floods per year which affects insurance costs.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Wind & Hail Damage | 46% | $12,000 |
| Water Damage & Freezing | 20% | $10,000 |
| Fire & Lightning Damage | 24% | $75,000 |
| Theft | 1% | $5,024 |
| Bodily Injury & Property Damage | 2% | $31,690 |
These risks are reflected in claims, wind and hail damage is 46% of claims ($12,000 average), fire and lightning 24% ($75,000 average) and water damage 20% ($10,000 average).
Read More: Top 5 Lessons Learned After A Natural Disaster
Coverage Options for the Best Homeowners Insurance in Indiana
House insurance in Indiana have different coverage options. Standard policies in Indiana have dwelling coverage from $200,000 to $500,000, personal property coverage 50% of the dwelling value.
Basic coverage has $20,000 for loss of use and other structures, $300,000 liability and $5,000 medical, all with a $1,000 insurance deductible.
Additional coverage can be added based on property value, personal property coverage increases with dwelling coverage. The best home insurance in Indiana brings together excellent financial stability (A rating) plus complete coverage choices (A- rating) as well as quick claims service (B+ rating) next to fair prices (B rating).
| Category | Grade | Explanation |
|---|---|---|
| Financial Stability | A | Major insurers operating in Indiana have strong financial rating |
| Coverage Options | A- | Most insurers offer standard coverage options |
| Claims Processing | B+ | Average claim processing times align with national standard |
| Affordability | B | Indiana's average annual premium is slightly below the national average |
The ratings demonstrate Indiana's very solid insurance market where property owners get reliable protection at reasonable rates.
Best Homeowners Insurance in Indiana Reviews
Here's a discussion about the best homeowners insurance in Indiana, a Reddit user say Erie Insurance stands out for their efficient claims process, particularly for water damage claims.
Comment
byu/Pippyskippy20 from discussion
inindianapolis
A customer shared their positive experience with Erie handling a basement flood quickly. However, they switched to State Farm after adding a Tesla to their policy. Checking out reviews is very important to know best and worst homeowners insurance companies in Indiana.
Lowering Homeowners Insurance Costs in Indiana
To find the best and cheapest homeowners insurance in Indiana you need to maximize the discounts. Top providers offer ways to save on your homeowners insurance premiums while still having full coverage.
USAA has military specific discounts including deployment coverage and loyalty rewards and the standard multi policy discounts. Geico has competitive savings with their security system and online management discounts and State Farm has safe driver and accident free discounts.
| Insurance Company | Anti-Theft | Bundling | Good Driver | Good Student | UBI |
|---|---|---|---|---|---|
|
10% | 25% | 25% | 20% | 30% |
|
25% | 25% | 25% | 20% | 30% |
|
15% | 25% | 23% | 15% | 30% |
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10% | 20% | 30% | 15% | 30% |
|
25% | 25% | 26% | 15% | 25% |
|
5% | 20% | 40% | 15% | 40% |
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25% | 10% | 30% | 10% | $231/yr |
|
15% | 17% | 25% | 25% | 30% |
|
15% | 13% | 10% | 8% | 30% |
|
15% | 10% | 30% | 10% | 30% |
Homeowners can stack multiple discounts to get the lowest rates, common savings include multi policy bundling, safety feature installation and paperless billing. Some providers also have unique programs like Progressive’s Snapshot and State Farm’s Drive Safe & Save to lower your premiums while still having full coverage in Indiana.
Affordable Protection for Indiana Homeowners
USAA has the best and cheapest homeowners insurance in Indiana with $15 monthly premiums and military only benefits, Geico with $22 monthly rates and immediate discounts for security systems, and State Farm with $24 monthly rates and 24/7 claim response.
To get the best rates, homeowners should take advantage of multiple discounts, USAA’s military deployment coverage, Geico’s online management savings, State Farm’s Drive Safe & Save program, and make sure their policy covers Indiana’s most common claims like wind damage, fire damage and water damage.
When game day hits Mach speed! ✈️ Fans at the @ValeroAlamoBowl got to sit in the hot seat of an F/A-18 Super Hornet flight simulator at our Ace Academy. Let's just say, there's next-level respect. pic.twitter.com/o6Fm7TiYwg
— USAA (@USAA) January 8, 2025
Protecting your home doesn’t have to be expensive. Enter your ZIP code into our free tool to find affordable homeowners insurance today.
Frequently Asked Questions
Who offers the best and cheapest homeowners insurance in Indiana?
USAA leads with $15 monthly premiums for military members, followed by Geico at $22 with security system discounts, and State Farm at $24 with 24-hour claim response times.
What affects homeowners insurance rates in Indianapolis?
Location-specific factors like crime rates, proximity to fire stations, and property values influence Indianapolis rates. The average homeowners insurance in Indiana range around $202 due to higher crime statistics.
Read More: Why Your Car & Homeowners Insurance Rates Increased
How much personal property coverage is recommended for Indiana homes?
Standard Indiana policies typically include personal property coverage at 50% of dwelling value. For a $200,000 home, recommended coverage is $100,000 with $20,000 for loss of use.
What are the most common insurance claims in Indiana?
Wind and hail damage leads at 46% of claims ($12,000 average), followed by fire/lightning damage at 24% ($75,000 average), and water damage at 20% ($10,000 average).
What's the difference between condo and homeowners insurance in Indiana?
Condo owners need HO6 policies, which cover interior walls, personal property, and liability, while homeowners insurance covers the entire structure. Indiana condo insurance start around $15-20 monthly for basic coverage limits.
What are the best home and auto insurance companies in Indiana for bundling?
State Farm, Progressive, and Nationwide offer significant bundle discounts. State Farm customers save up to 35% by combining home and auto policies in Indiana.
Use our free quote comparison tool to find a reputable company offering cheap homeowners insurance in Indiana.
What's covered under standard Indiana homeowners insurance?
Policies cover 16 common perils including theft, vandalism, fire, and storm damage. Notable exclusions include flooding, which requires separate coverage through FEMA programs.
Which insurers provide the best homeowners insurance for seniors in Indiana?
Erie and American Family offer specialized coverage for seniors, including extended liability protection and additional living expenses coverage. Both companies provide discounts for retirees and dwelling coverage.
Read More: What Is Dwelling Coverage?
Which areas in Indiana have the most reasonable homeowners insurance rates?
Cities like Goshen offer lower monthly rates around $152, while urban areas like Gary ($218) and Indianapolis ($202) have higher premiums due to crime rates.
What discounts are available for Indiana homeowners insurance?
Major providers offer multi-policy bundling, security system installations, paperless billing, and specialized programs like Progressive's Snapshot or State Farm's Drive Safe & Save.
Compare quotes for the cheapest home insurance in Indiana by entering your ZIP code into our free tool.