The 4 Best Indiana Homeowners Insurance Companies in Indiana

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Indiana is no stranger to harsh Midwestern winters with snowstorms and ice. Summers can pose threats from thunderstorms, tornadoes and flooding. Despite the relatively high risk of property damage, the Hoosier State has slightly lower than average homeowners insurance premiums, with an average annual rate of $1,198, according to Insurance.com That’s about 2 percent lower than the national average of $1,228.

Shopping for an affordable policy in Indiana boils down to more than just premium rates, however. Important factors to consider include availability of customizable coverage, financial strength of the provider, and claims department reputation. To help narrow your search, we’ve done the research for you and outlined our top picks for the highest value homeowners insurance companies in Indiana. We’ve also included an online quote tool so you can make accurate policy and price comparisons.

Our Top Picks for Best Homeowners Insurance in Indiana

•State Farm
•Allstate
•Indiana Farmers Mutual
•American Family

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

State Farm

State Farm provides affordable coverage for single-family homes, condos and manufactured homes, as well as some of the best options for farm and ranch protection, which is a valuable feature for many Indiana residents. A standard State Farm policy offers protection from damages caused by fire and lightning, windstorms, vandalism and theft. Your policy can be supplemented and customized with add-on coverage, such as flood insurance, personal injury and liability protection, and home business insurance.

In the event that you experience a loss, you can feel confident knowing that State Farm has one of the largest claims networks in the world. File your claim online, via the 24-hour claims hotline, in person with a local agent, or by using the State Farm Mobile App. State Farm has the highest financial strength rating possible from A.M. Best and a very high rating from S&P Global Ratings for its strong ability to pay customers’ insurance claims.

State Farm also offers user-friendly tools, such as their HomeIndex, which allows you to virtually catalog and store all of your covered possessions so you can recover them more efficiently after a loss. If your home requires emergency water mitigation or flooring repair, you can also take advantage of State Farm’s Premier Service Program, which sets you up with a vetted local Indiana contractor to carry out necessary repairs and return you back to your standard of living sooner.

Allstate

Allstate offers customers excellent educational resources and tools. Its online resource center features helpful articles, videos, checklists for homeowners and specialty calculators to help you better navigate the homeownership experience

Innovative tools like Allstate’s Premium Gauge, which allows you to see the affect different variables can have on your annual premium costs, help you stay on top of your policy and understand what you can do to save money. Allstate helps you save further by offering premium discounts for policy bundling, installing security features, insuring a new or recently renovated home, signing up for automatic billing or having a claim-free record. Additional price breaks are awarded to retirees and new Allstate customers (for the first two years).

Notable Allstate policy features include its Claim RateGuard add-on coverage, which ensures that your annual premium won’t go up just because you file a claim. Allstate also offers a “green” improvement reimbursement, which covers any additional costs incurred when replacing covered items or rebuilding your home with energy-efficient materials after a loss.

Allstate recognizes that insurance needs differ from one homeowner to the next, so it provides multiple ways that you can customize your coverage. Insuring what matters most to you is easy to do through Allstate; the company has add-on protection options for valuables such as sports equipment, musical instruments, artwork, jewelry and electronic data.

Indiana Farmers Mutual

Indiana Farmers Mutual has been serving Hoosiers since 1877, so it has a pretty firm grasp on the specific conditions facing Indiana homeowners. Indiana Farmers offers customizable coverage options for single-family homes, condos and mobile homes with policy add-ons for windstorm protection, floods, personal property and identity theft. Policyholders can receive price breaks for bundling auto and home policies, as well as making home system upgrades and renovations.

Unlike national insurers, Indiana Farmers Mutual doesn’t offer as many resources to customers, and its website lacks information on policy specifics and discount options. However, for those who may appreciate a more old-school approach, the company has over 200 independent agents located throughout the state and is committed to providing affordable rates and personalized care in the Indiana homeowners insurance market. Customers also receive a quarterly educational newsletter, which addresses topics like tips on protecting your home and various ways to save on your premium.

As a mutual insurance company, Indiana Farmers Mutual exists to serve its policyholders and is not profit-driven. For more information on obtaining a quote or determining whether insuring with Indiana Farmers is the right choice for your home and living situation, visit the website and locate an agent in your area.

American Family

American Family is a popular choice for Indiana homeowners insurance because the company offers cheap comprehensive policies with multiple opportunities to save. Also, American Family has received a consistent A for excellent rating from A.M. Best for the past 17 years.

A standard AmFam policy protects against property damage caused by fire and lightning, smoke, windstorms and hail, theft and vandalism. Each policy helps pay for additional living expenses incurred if your home is unlivable after a covered loss. Add-on options include personal injury and liability coverage, as well as increased protection for home offices and in-house day cares.

American Family determines premium rates based on an array of variables: customer loyalty and longevity, claims history, credit information, deductibles and discounts, which are automatically factored in to make sure you receive the best possible price on your policy. AmFam policy discounts include those extended to customers who bundle multiple AmFam policies, install home security and fire protection devices, insure a new or recently renovated home, or insure a home built with impact-resistant roofing materials. Visit the AmFam website to determine your discount eligibility and get accurate quote estimates.

How much is homeowners insurance in Indiana?

Homeowners in Indiana pay close to the national average of $1,228 per year for homeowners insurance. On average, the annual homeowners insurance premium in Indiana is $1,198, or $30 less than the national average. The rate you pay depends on several factors, including the city where you live, so your rate may vary from the average.

Indiana Rate Factors

In Indiana, the cost of homeowners insurance is affected by weather events that can damage a structure, such as thunderstorms, tornadoes and hail. Insurers also take a look at the frequency of claims filed in your area to assess your risk and will raise or lower your insurance quote accordingly. Your home’s age and building type also influence your rate.

The 4 Best Indiana Homeowners Insurance Companies

  • State Farm
  • Allstate
  • Indiana Farmers Mutual
  • American Family

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

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