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The Best Homeowners Insurance Companies in Indiana in 2019

At $983, Indiana’s average premium rate for homeowners insurance is $200 lower than the nation’s average of $1173. Even though the state is affected by extreme weather conditions, the average annual premium rate is pretty sober. That said, how much premium you pay would depend on the homeowners insurance provider you choose, and other factors such as the size of your home, its location, etc.
At $983, Indiana’s average premium rate for homeowners insurance is $200 lower than the nation’s average of $1173. Even though the state is affected by extreme weather conditions, the average annual premium rate is pretty sober. That said, how much premium you pay would depend on the homeowners insurance provider you choose, and other factors such as the size of your home, its location, etc.

Even though Indiana is regularly affected by weather fluctuations such as extreme winters and summer thunderstorms and tornadoes, Indiana’s average homeowner's insurance premium rate is almost $200 lower than the country’s average.

However, the exact premium price of homeowners insurance in Indiana will depend on the location of your property in Indiana and its value. Therefore, first things first. Before you move to the premium price, you need to make sure that you’re choosing the right homeowners insurance in Indiana. In this post, we’ll list 5 best-rated homeowners insurance providers in Indiana and discuss them in a little detail. By the end of the post, you’ll be able to make an informed decision.

Top 5 Homeowners Insurance Providers in Indiana

Here’s the list of top 5 home insurance providers in Indiana:

Allstate

When a few homeowners requested for sample quotes for their properties valued between $250,000 and $350,000 in Indiana, AllState came back with the best and lowest quotes. So, when it comes to affordability, AllState ranks on top in Indiana.

On their site, you’ll find a tool that can help you customize policies and see what suits you best. You can also check the details of any previous claims on your home. The home inventory tools on the site provide you an option to catalog your belongings and recover losses during property damage. AllState has been rated 3 out of 5 by J.D. Power, and Consumer Reports has rated the company high in terms of exceptional customer support, and faster processing of claims. Also, AllState received an “A+” rating for financial stability from A.M. Best; the best score among homeowners insurance providers in Indiana.

State Farm

If you’re looking for an insurance provider with excellent customer support ratings, State Farm can be an ideal choice. The company has been rated 4 out of 5 for exceptional customer satisfaction by J.D. Power. Consumer Reports has also rated the customer service as “very good.” At State Farm, you’ll find reliable customer support, friendly agents, and fast claims.

But, browsing their site can be a somewhat unpleasant experience. Also, the company does not provide the 360value tool that provides assistance regarding the replacement value of your home.

Liberty Mutual

Liberty Mutual provides customers with lucrative discounts and low premium rates. Customers can save big on their insurance purchases by combining home and auto insurances, installing security systems, insuring their property for its replacement value, and more.

Their customer service ratings are also decent. The company has received the highest score for great customer service from Consumer Ratings. Liberty Mutual customers have 24x7 access to Emergency Repair Services as well as a Catastrophe Response Unit that helps in quick settlement of claims in the event of a disaster. You can use their mobile app to find the best quotes, file claims, or get in touch with the agents while you’re on the go.

Indiana Farm Bureau

Indiana Farm Bureau is a local home insurance provider. They’re popular for providing customers with customized farm insurance. So, if you’re looking for an insurance policy for your property on a farm, you should consider Indiana Farm Bureau. Since they’re a small firm, they provide better attention to each customer and communicate effectively. They have a host of positive reviews and ratings on third-party review sites.

The insurance agents are very responsive and friendly. Therefore, Indiana Farm Bureau can be a good choice if you own a farm-based property and would like to partner with a local insurance provider.

American Family

Among all homeowners Insurance providers in Indiana, American Family insurance has been rated 3 out of 5 stars by J.D. Power for good customer service. They have also received a high score, i.e., 80 from Consumer Report for consistently providing customers with exceptional customer experience. There’s a tie between AllState and American Family with an “A+” score from A.M. Best.

There’s nothing unique about the company that we would like to discuss here. They are just good when it comes to home insurance companies in Indiana. They have a “home insurance calculator” on their site and some other informative resources on home insurance.

Additional Considerations Before You Commit to a Homeowners Insurance Carrier

So, you’ve identified the top 5 homeowners insurance providers in Indiana. But, you still haven’t picked the best one for your property. Before you begin the decision process, check this list of additional factors you need to consider before you commit to a homeowners insurance company:

  1. Since tornadoes are a common sight in Indiana, make sure the policy you choose covers tornadoes.
  2. Choose a homeowners insurance company with good financial stability and excellent customer experience ratings.
  3. Remember that haste makes waste. Don’t rush into making a decision. Compare premium rates by different companies and then decide.
  4. Talk to fellow homeowners in Indiana and see what they have to say about the homeowners insurance companies listed above.
  5. Contact an insurance agent to get the best discounts, premium rates, and policy coverage.

If you’re currently evaluating your options for homeowners insurance on your next property in Indiana, a good first step is to connect with an experienced local real estate agent.

Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.

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Andrew Schmeerbauch

Andrew Schmeerbauch is the Director of Marketing at Clever Real Estate, the free online service that connects you top agents to save on commission. His focus is educating home buyers and sellers on navigating the complex world of real estate with confidence and ease. Andrew has worked on projects for the United Nations and USC and has a particular passion for investing and finance. Andrew's writing has been featured in Mashvisor, L&T, Ideal REI, and Rentometer.

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