Best Renters Insurance in Indiana (2025)

Renters insurance can protect your personal items during covered events. For example, a renters insurance policy might help you replace your belongings after a fire or theft. Many policies also provide liability protection for unforeseen accidents.

Although Indiana state law doesn’t require renters insurance, your landlord might require you to buy it. Here’s what you should know about renters insurance in Indiana.

How renters insurance works in Indiana

Indiana law doesn’t require renters insurance. But landlords often require tenants to purchase this type of coverage, also called tenant insurance. Generally, renters insurance policies include personal property coverage, liability coverage, medical expenses insurance, and additional living expenses coverage.1

If you experience a covered event that damages your personal belongings, you can file a claim with the insurance company to help you recoup your losses. For example, if someone steals your TV, you can file a renters insurance claim with your insurance company to cover the cost of the loss.

Here’s a look at how you purchase and use a renters insurance policy:

• Shop around for renters insurance. Compare quotes and coverage options to help you find the right policy for your situation and coverage needs.

• Purchase coverage. When you find a suitable policy, finalize how much coverage you want and purchase the policy. Most insurers allow you to complete this process online.

• File a claim. If you experience a loss due to a covered event, you can file a claim with the insurance company. You’ll have to provide details about the incident. Once your insurer finalizes the claim, you’ll receive a payout based on your loss and policy details.

Best renters insurance companies in Indiana

Some of the best renters insurance companies in Indiana include State Farm, Lemonade, Amica, Progressive, and Allstate. Both Erie and State Farm earned above-average ratings in the J.D. Power 2024 U.S. Home Insurance Study. Additionally, all the companies below have affordable average premiums.

Although these companies tend to offer top-tier options, the right insurance company for you varies based on your unique situation. The monthly premiums below reflect average costs nationwide.

What renters insurance covers in Indiana

A standard renters insurance policy usually covers personal property, loss of use, personal liability, and medical payments. For example, if a tornado damages your apartment and everything in it, a renters insurance policy would help replace your personal property and cover your short-term living expenses.

Here’s a closer look at what renters insurance covers:

Unique considerations for renters insurance in Indiana

Renters insurance can come in handy for Indiana residents — especially if renters include natural disaster coverage. The state is susceptible to many natural disasters, including the following:

• Earthquakes: It’s possible for earthquakes to occur in Indiana. A standard renters insurance policy generally won’t cover earthquake damage. Instead, you’ll need to purchase this optional coverage.

• Tornadoes: Most renters insurance policies cover tornado damage. But make sure to read the fine print of your policy to confirm you have coverage for this type of disaster.

• Flooding: In general, renters insurance policies don’t cover flood damage. Instead, you’ll need to add this type of coverage separately.

As you compare renters insurance options across Indiana insurance companies, take a careful look at policy options for renters to find the best coverage for your concerns.

How to save on renters insurance in Indiana

Use the following strategies to help you save money on renters insurance in Indiana:

• Shop around. Finding cheap renters insurance is possible. Comparing rates from multiple insurance companies can help you find the best renters insurance policy for your situation.

• Bundle your insurance policies. If you need to purchase other types of insurance, like auto insurance or life insurance, bundling these coverages with your renters insurance policy can earn you a discount from your insurer.

• Increase your deductible. Setting a higher deductible generally leads to lower insurance premiums. If you can afford it, consider paying a higher deductible to earn lower rates.

• Install security systems. Many insurers offer renters insurance discounts to renters who install a security system since this lowers your chance of a break-in.

• Install a smoke detector. Having an operational smoke detector could help earn you a discount.3

Renters insurance in Indiana FAQs