Home Insurance and Car Insurance in Indiana

Homeowners Insurance Coverage Options in

From the rural parts of the state to downtown Indianapolis, you can typically expect your policy to offer the following types of home insurance coverage:

• Dwelling coverage protects your home’s structure, including its walls and roof.
• Personal property coverage protects items inside your home (furniture, appliances, etc.) even if damaged outside of your house.
• Liability coverage defends and covers you if you’re sued after a person is injured on your property or after you damage their property.
• Guest medical protection coverage can pay immediate medical expenses for someone injured on your property.
• Other structures can pay for damages to structures on your property that aren’t connected to your home, such as detached garages or sheds.
• Additional living expenses coverage helps pay for lodging, food and other needs if your home is uninhabitable after a covered loss.

Common Causes of Loss in

What are some common causes of loss in Indiana that require insurance claims? Because it’s located in the Midwest, the state of Indiana is often susceptible to natural disaster-related claims, including:

• Windstorm damage
• Hail
• Lightning
• Trees and other fallen objects
• Floods

Smoke and fire are also often responsible for home insurance claims. Indiana isn’t typically at risk of wildfires, so fire losses are usually covered under your home insurance policy with no additional endorsement needed.

Other claims may or may not be covered under your insurance policy. Before you buy any home insurance, take some time to read through the declarations page to make sure your needs are taken care of.

Additional Coverage Options Recommended for Homeowners

Knowing the common types of insurance claims in your area is important as you make decisions about buying additional coverage. Some of the most common recommended types of coverage you can add to your home insurance policy include:

• Flood insurance isn’t included as part of most home insurance policies. In Indiana, the rate of flood insurance buyers is especially low even though nearly $273 million in claims have been paid to homeowners in the state since 1978.4 You can buy flood insurance through the National Flood Insurance Program (NFIP) or through a private insurance company.
• Sewer backup and seepage coverage can help pay for damages related to drainline backups or sump pump failures. Even if you don’t have a basement or below-ground level of your home, it may make sense to add this coverage.
• Roof replacement cost coverage can help pay for the full replacement of your roof as a result of damage from straight-line winds, hail, tornadoes and even snow storms. Replacement cost coverage avoids depreciation and helps lower your direct costs.

Our Home Insurance Partners in

SelectQuote works with highly-rated** and trusted home and auto insurance companies in each state (including Indiana) to provide you with competitive quotes for your coverage. We source rates and discounts from several insurance companies at once to help provide you a full lineup of choices.

What is the average home insurance cost in ?

The average monthly premium for Indiana home insurance policies is $99.42*** but your costs will vary based on several factors including:

• ZIP code
• Credit rating
• Policy limits
• Types of coverage purchased
• Risk categories
• Deductible

Homeowners Insurance Discounts in

Indiana home insurance companies offer several discounts to help reduce the cost of coverage. Common home insurance discounts can include, but aren’t limited to:

• Discounts for low number of claims filed
• Discounts based on profession or service
• Discounts for customer loyalty
• Discounts for bundling your home and auto insurance policy

Auto Insurance Laws and Requirements

Indiana requires all drivers to carry some form of liability insurance coverage to help pay for damages they may cause as a result of an incident involving their vehicle. This liability insurance coverage comes in two forms: bodily injury liability coverage, which pays for medical costs and funeral expenses, and property damage liability coverage, which pays for damage to another’s property in an accident where you are found to be at fault.

How much auto insurance do you need? The state of Indiana says all drivers must carry bodily injury liability coverage with a minimum of $25,000 per person and $50,000 per accident. Property damage liability insurance must cover at least $25,000 per accident. These limits are commonly described as 25/50/25.

Indiana insurance companies are also required to offer uninsured and underinsured motorist coverage as part of all auto insurance policies,⁷ but you may reject this coverage. These types of coverage help pay for damages related to an accident where you’re not at fault, but the other driver either lacks enough coverage or doesn’t have auto insurance at all.

Other types of auto insurance coverage exist and are offered as standard parts of an insurance policy. These coverages include:

• Comprehensive coverage that helps pay for losses related to theft, vandalism, fire, glass breakage and other hazards.
• Collision coverage that pays for damages to your car after a collision with another vehicle.
• Medical payments coverage that can help pay medical bills incurred by you and your passengers if injured while riding in or entering/exiting your vehicle.
• Gap insurance pays the difference between the value of your totaled vehicle and what you currently owe on it.

You’re not usually required to pay for comprehensive, collision or gap insurance coverage, but your auto lender may require you to buy it as a condition of financing your vehicle.

Teen Driving Laws

Indiana requires all teen drivers to have an auto insurance policy and to obtain a graduated probationary driver’s license.⁸ The auto insurance coverage may be purchased by the driver or the teen may be added to their parents’ or guardians’ insurance policy (which is often cheaper).

The graduated license comes with several restrictions on the number of passengers allowed in the vehicle as well as prohibitions on using a cell phone in the vehicle. Upon turning 21 years old, the driver will have a full license.

Car Registration Information

Registering a vehicle in Indiana requires you to have the vehicle’s title or a statement of existing lease agreement (if leased), an emissions test in Lake and Porter counties and proof of insurance. Proof of auto insurance can take the form of:

• Your current auto insurance card
• Your policy declaration
• A letter from your insurance company on company letterhead attesting to insurance

What is the average car insurance cost in ?

The average Indiana car insurance cost for SelectQuote customers is $200.91 per month.**** Exact rates will vary based on several factors, including—but not limited to:

• The make, model and age of your vehicle
• Your credit score
• Your driving record
• Your auto insurance deductible
• Your ZIP code
• Your driving habits, including annual distance traveled

It’s possible to save significantly on your auto insurance premiums by bundling your coverage with another policy or by asking about other discounts.

Our Car Insurance Partners in

SelectQuote works with nationally-recognized auto insurance companies to shop several quotes at once. We save you time and money by comparing rates from these insurance carriers and presenting you with the best coverage options to meet your needs.