Home Insurance in Indianapolis

Your home is susceptible to damage from various events, but having home insurance in Indianapolis can protect you from the financial burden of repair or replacement.
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Living in the Racing Capital of the World

At over 880,000 people, Indianapolis is Indiana's largest city and capital. It is known as the "Racing Capital of the World," thanks to the Indy 500, an annual car racing event held at the Indianapolis Motor Speedway. Locals can delve into the city's racing legacy at the Indianapolis Motor Speedway Museum, where they can see some of the most iconic cars in racing history. Beyond racing, the city is a passionate sports town thanks to the Indianapolis Colts (NFL), Indiana Pacers (NBA) and Indiana Fever (WNBA), among others.

Indianapolis is known for being one of the most affordable cities when it comes to home prices. The median home price is around $156,000, only three times as much as the median household income of $54,000. Whether you live in a downtown townhouse, a historic home in Irvington or a stately residence in Eagle Creek, having home insurance in Indianapolis is a wise choice.

Protecting Your Home

As an Indianapolitan homeowner, your property may experience damage from these risks:

  • Severe weather: Indianapolis experiences thunderstorms, tornadoes and hailstorms, which can damage homes.
  • Windy city: Indianapolis sees its fair share of windstorms that damage roofs, siding and trees near to homes.
  • Foundation issues: Soils in Indiana heave and expand, especially when subject to heavy rain or drought, causing structural cracks and other foundation problems.

A homeowners' policy can protect your Indianapolis home from fire, smoke, lightning strikes, windstorms, hail, explosions, vandalism, theft and other perils. VIU by HUB helps you find a policy that covers area-specific risks.

Insuring Your Indianapolis Home

The average cost of insurance in Indianapolis is approximately $2,895 annually. which is higher than average for Indiana and the national average of $2,417. Each homeowner will have different rates based on these factors:

  • Geography: If you live in an area at higher risk for certain natural disasters, you'll have a higher premium.
  • Crime rates: You'll pay more to insure a home in a location that has higher occurrences of property crime.
  • Home value: The more expensive your home, the more it costs to insure.
  • Credit score: Homeowners with lower credit scores pay higher premiums.
  • Dwelling size: Larger residences cost more to insure.
  • Prior claims history: If you've made claims before, you'll pay more for coverage.

Some of these factors can be mitigated by discounts you qualify for. VIU by HUB is here to help you make sense of your options for the best policy for home insurance in Indianapolis.

Knowing What To Look For

Different houses will require different types of coverage and coverage limits. When shopping for home insurance in Indianapolis, look for a plan that covers the basics :

  • Structure: This includes repairs and replacement of the structure of your home. It's recommended that your policy cover at least 80% of the cost to replace your home.
  • Contents of your home: Most plans also include the contents of your home, such as furniture and appliances, which can be damaged by a covered event such as fire or theft.
  • Personal belongings: Items such as clothing, jewelry and other personal effects may be covered up to a certain limit. High-value items such as fine art and expensive jewelry may require a separate policy.
  • Personal liability: You'll want a plan that covers injuries and property damage caused by you to others on your property.

There are many benefits available with homeowners' coverage. The best home insurance in Indianapolis has coverages that are specific to you and your household's needs. Don't go it alone. Let VIU by HUB help you today.

This information is intended for general informational purposes only and is not intended to constitute legal advice.


US Census Bureau


Indianapolis on Data USA



Indiana Department of Insurance

Home insurance in Indiana by city

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