Indiana Homeowners Insurance

Indiana homeowners pay $1,012 a year for homeowners insurance on average. That's close to the roughly $1,172 national average. That puts Indiana in the middle of the pack nationally — 30th highest of the 50 states. Moderate tornado risk and frequent severe thunderstorms keep rates near the national average. The main factors driving that number are Tornadoes, Severe thunderstorms, Hail and Ice storms. Flood risk is moderate; it's worth checking FEMA flood maps for your specific address before deciding whether a separate flood policy makes sense. Homeowners insurance isn't legally mandated in Indiana, but any mortgage lender will require it as a condition of the loan. Indiana has no dedicated state insurer-of-last-resort program — coverage runs through the standard private market.