Indiana Home Insurance: What You Need to Know

The average Indiana home insurance policy costs $647* annually—almost $54 per month. But wouldn’t it be nice to cut that premium by 20 to 30 percent? If you live in the Prairie State, you might be able to save a fortune on Indiana home insurance, and it’s not as complicated as you think.

Indiana Home Insurance and Tornadoes

Indiana is in the path of “Tornado Alley,” making tornadoes are a major concern for the state’s homeowners. As homeowners in Indiana found out when a major tornado destroyed thousands of homes on Palm Sunday, 1965, hundreds of Indiana homes may be damaged or destroyed by tornadoes any given year. Fortunately, tornado damage is covered under a standard Indiana home insurance policy.

Save Money by Shopping Around

If your home is in Indianapolis, Fort Wayne or any city in between, you could save a bundle on Indiana home insurance by looking for a cheaper quote. Shopping around for home insurance rates is the easiest way to find a more affordable policy, and doing so could save you hundreds of dollars per year!

3 Money-Saving Tips

Here are tips to make your Indiana home insurance more affordable:

• Insure your home and vehicle with a single company and save as much as 15 percent on both policies.
• Discounts for fire-retardant roofing materials, home security alarms, smoke detectors, etc. can reduce Indiana home insurance rates.
• Raise your deductible; it could reduce your Indiana home insurance premium by 25 percent.

Indiana home insurance rates are expensive, and Hoosiers in the Prairie State can’t afford to overpay. Save money by getting a free home insurance quote with InsWeb.

*National Association of Insurance Commissioners, 2006