Indiana Renters Insurance: Best Online Quotes
Indianapolis is one of our favorite cities, and the entire state itself really has something to offer. Whether you’re looking to move there to go to school, you have family there or there’s a new job on the horizon, Indiana can be a great place to settle down with cheaper rent rates than most places in the country and a real family-friendly environment to the entire state.
An insurance Geek, we work to give you the best possible rates on renters insurance in your state, and we love helping our Indiana customers get the protection they need. Whether you’re in the state already or just moving there, we can help you find the best renters quote you can afford.
Is it illegal to rent without insurance in Indiana?
Though state law does not necessarily force you to have renters insurance, it’s definitely important to make sure you’re covered. Additionally, many landlords ask you to have at least $100,000 in rental protection across the board in case there is a medical liability on the property while you live there, or you lose your items in some type of catastrophe.
Fortunately, renters insurance in Indiana is pretty cheap and most state residents pay less than national averages. Rents may be increasing year to year, but renters insurance in Indiana is pretty affordable at between 15 and $30 a month for many customers.
How much does it cost?
So much goes into how your premium is determined. Where you live matters, whether or not there is a business near you or potential for theft or a high crime rate, if there dogs in your home or certain breeds of dogs, whether or not you had a claim on a policy in the past – all these things matter when it comes to your rental premium.
Your fire district also matters. This is a number assigned to determine the potential of a total loss of property in your rental based on your proximity to a fire station or fireplug. You will need to be somewhere close to a water source if a fire occurs, and if the water is sourced from the truck itself and it takes the truck awhile to get to you or there isn’t enough water in the truck, the potential for damage is higher. Carriers think about things like these when they determine a premium for you. In most cases, the deductible you will need to pay before you receive any funds on a claim is right around $500.
We recommend at least $20,000 for personal property. Whether you are replacing a family heirloom, a sofa, a laptop or your linens, everything you own has some type of value. Working with us to fill out itemized information with the valuation of what you can help us get closer to that specific number that will allow us to cover you.
We also recommend $100,000 in medical liability. If there is some sort of accident or injury to someone else on your property and you are found medically responsible, you’ll need to pay for costs directly unless you have this protection. Since medical bills can get steep, so this type of coverage is more expensive than other parts of your policy.
We also recommend $1000 for Loss of Use of any facilities in your home. For example, if your kitchen is damaged and you need to cook meals, you will need to eat out, which can get expensive. Loss of use covers you for those inconvenient expenses you’ll need to pay for out-of-pocket.
A few of the top cities in Indiana:
- Indianapolis
- Gary
- Bloomington
- Fishers
- Westfield
What is covered in Indiana?
Tornadoes happen fairly frequently in Indiana. If you’ve ever been driving down the highway or a residential street and you see the sky start to get black, you know it’s coming. Even if it’s not a tornado you’re dealing with, winter weather and storm devastation are also common in Indiana, so making sure your personal property is protected is important.
You can work with your agent to talk about how premiums may be affected by major weather catastrophes, making sure you have enough renters liability and property protection coverage in place so that the catastrophe won’t knock you too far off your feet.
How much coverage do I need?
We work with you to help you add up your items so you can come up with the right coverage amount for your specific situation. So much goes into how the premium is determined, the more we know about your situation and the more you disclose, the more we will be able to match you with an affordable policy.
Most carriers also have coverage limits which vary from state to state, so make sure you chat with us about coverage limits in Indiana so we can get you additional protection if you need it. You should also talk to us about replacement cost value versus ACV (actual cash value).
Are discounts available for me?
Discounts are always a possibility. Insurance companies want your business, so they want you to buy multiple lines of coverage from them, whether we’re talking about health, life, renters, etc. When you get coverage across multiple lines, you can experience even deeper discounts and incredible cost savings.
It doesn’t matter where you are in Indiana or what your specific situation is – we can help you. There are very few situations where we can’t get a customer matched with the policy at an affordable rate, so let us do the hard work for you by coming up with a variety of quotes from different carriers that will help you in your specific situation.
Just by filling out one form, we can get you a number of quotes from different carriers. If you’re able to bundle lines, remember the cost savings will increase, and we can also do those bundle quotes for you at the same time. No matter your situation, we can help you come up with an affordable policy that will protect you. We can’t wait to meet you and get you set up with the renters protection you need.