Homeowners insurance in Indiana: premium by ZIP code
Indiana's median ZIP code paid $1,465 per policy in 2022, below the national median, and barely more than in 2018 after inflation.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, Indiana (median ZIP code)
$1,465
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $1,951.
| Change from 2018 to 2022, after inflation | +3.8% |
| Premium per policy in 2018 | $1,412 |
| Premium per policy in 2022 | $1,465 |
| 2022 premium carried to September 2026 (BLS index) | $1,951 |
| Policies not renewed by the insurer, 2022 | 1.04% |
| Claims paid per 100 policies, yearly average | 3.8 |
| Average claim paid, 2018 to 2022 (adjusted) | $15,068 |
| Cancelled for nonpayment, 2022 | 1.93% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 672 ZIP codes in 92 counties of Indiana in the Treasury file · not a quote
Indiana homeowners premiums were steady in the Treasury file. The median ZIP code paid $1,412 per policy in 2018 and $1,465 in 2022, a rise of +3.0% after inflation, ranked 37 of 51, and below the national $1,551. The large counties move together: Marion County, Indianapolis, was at $1,545, Lake County in the northwest at $1,454, Allen County, Fort Wayne, at $1,279 and St. Joseph County, South Bend, at $1,282, all within two percent of where they were after inflation. The dearest ZIP codes were in Hamilton County north of Indianapolis, 46290 at $3,199. Claims were moderate, 3.8 per 100 policies a year, and the paid loss ratio stayed between 28% and 36%. Insurers declined to renew 1.04% of policies in 2022. The Indiana FAIR Plan is the last resort. The data stop in 2022.
Indianapolis and its suburbs
Marion County's 34 ZIP codes had a median of $1,545 in 2022, a change of +1.2% after inflation. Hamilton County, the fast-growing suburban county to the north, had the two dearest ZIP codes in the state: 46290 at $3,199 and 46032 at $2,439, where houses are newer and larger. In Fort Wayne, 46808 and 46809 in Allen County were the cheapest ZIP codes in Indiana, $1,064 and $1,090. The range from the cheapest tenth of ZIP codes, under $1,277, to the dearest tenth, over $1,680, is narrow.
Calm years for insurers
Indiana's paid claims per 100 policies averaged 3.8, ranked 36 of 51, with a peak of 4.3 in 2019. The paid loss ratio was 28% in 2021, one of the lowest in the Midwest, and 35% in 2022. The average claim was $15,068. With losses that low, insurers had little reason to raise rates faster than inflation before 2022; the national price index rose much faster after.
An Indiana escrow payment after a renewal increase
Example, not your result yet· change a figure to see yours
Monthly escrow change in the first year, up to
+$63
| Shortage, cushion included, up to | $408 |
| Escrow deposit before | $304 |
| Escrow deposit after the first year | $333 |
Nonrenewals came down, then back
The median nonrenewal rate was 1.19% in 2018, fell to 0.65% in 2020, and returned to 1.04% in 2022, ranked 17 of 51. In 11% of Indiana ZIP codes, the 2022 rate was above the line of the top tenth nationally. Cancellations for nonpayment were higher than the national median, 1.93% against 1.47%; the monthly cost page explains how an escrow shortage can be spread over a year.
The FAIR Plan
The Indiana FAIR Plan writes dwelling forms and HO-2 and HO-8 homeowners forms for properties that private insurers decline, often older urban homes. The Indiana Department of Insurance handles complaints and licenses agents. Tornado season brings most of the state's wind claims, and a few Indiana policies now use percentage wind and hail deductibles; check your declarations page to see which deductible applies to a storm claim.
Indiana, year by year
| Year | Indiana median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,412 | $1,445 | 1.19% | 3.4 | 31% |
| 2019 | $1,414 | $1,469 | 0.91% | 4.3 | 36% |
| 2020 | $1,413 | $1,491 | 0.65% | 3.6 | 35% |
| 2021 | $1,454 | $1,521 | 0.94% | 3.1 | 28% |
| 2022 | $1,465 | $1,551 | 1.04% | 3.7 | 35% |
The Indiana counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Marion County | 34 | $1,524 | $1,545 | +1.2% | 1.30% | $12,935 |
| Lake County | 27 | $1,443 | $1,454 | +1.0% | 1.54% | $15,541 |
| Allen County | 25 | $1,240 | $1,279 | +1.9% | 1.12% | $12,858 |
| St. Joseph County | 17 | $1,276 | $1,282 | -0.2% | 1.09% | $15,611 |
| Hamilton County | 13 | $1,645 | $1,693 | +3.4% | 1.13% | $14,618 |
| Madison County | 13 | $1,311 | $1,340 | +3.8% | 1.02% | $13,648 |
| Kosciusko County | 12 | $1,289 | $1,289 | +0.1% | 0.89% | $16,194 |
| Clark County | 11 | $1,425 | $1,460 | +2.2% | 2.25% | $13,801 |
Highest and lowest premiums per policy, Indiana ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 46290 | Hamilton County | $3,199 | +0.5% | 0.00% |
| 46032 | Hamilton County | $2,439 | +3.3% | 1.14% |
| 46278 | Marion County | $2,399 | +5.2% | 0.82% |
| 46077 | Boone County | $2,330 | +5.5% | 0.80% |
| 46204 | Marion County | $2,232 | -8.2% | 3.17% |
| 46808 | Allen County | $1,064 | +1.9% | 1.15% |
| 46809 | Allen County | $1,090 | +3.2% | 1.02% |
| 46818 | Allen County | $1,097 | -0.8% | 0.87% |
| 46774 | Allen County | $1,112 | +2.8% | 1.12% |
| 47904 | Tippecanoe County | $1,115 | +4.6% | 0.96% |