Indiana home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Did your renewal go up more than premiums did across your state — and what to do about it.

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Average premium: $2,563/ yr; At $300,000 of dwelling coverage.
Standard deductible: $1,000; Applies to everyday claims.
Storm deductible — separate, and much larger: $3,000(1% of coverage); What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $1,000 above.
Insurer of last resort: Indiana Basic Property Insurance Underwriting Association (Indiana FAIR Plan); Indiana's insurer of last resort, operating since 1968 for property owners the standard market has declined. It writes Dwelling Fire DP-1 (basic) and DP-2 (broad) forms, Homeowners Modified HO-8 (basic) and HO-2 (broad), and a Commercial Fire policy. The binding constraint is the limit: dwelling risks are capped at $250,000 COMBINED for building and contents -- one pot covering both, not $250,000 each -- which in 2026 is below the replacement cost of a large share of Indiana housing stock, so the plan often cannot fully insure the homes that end up there. Commercial risks are capped at $1,000,000 combined. Applicants must go through a licensed Indiana agent and reported practice requires proof of denial from three insurers. Coverage is narrower than a standard homeowners policy and is meant as a fallback, not an equivalent.