HomeInsuranceQts

Home Insurance in Indiana

Indiana's median home value is $218,200.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Indiana was built around 1976. About 31% of homes were built before 1960.

The housing stock in Indiana is 77% single-family homes, 13% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

64% of owner-occupied homes in Indiana carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

Indiana has an owner-occupancy rate of 71% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.

In Indiana, 59% of homes are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

In Indiana, the statewide average premium for a standard HO-3 homeowners policy is $1,259 per year (NAIC, 2023 data).

Key figures

Median home value$218,200
Median year built1976
Owner-occupied share71%
Share of owner-occupied homes with a mortgage64%
Home insurance premium$1,259 - statewide average (NAIC, 2023 data)

Counties

Sources