As a homeowner or a potential one in Indiana, you are probably wondering how much the homeowners insurance in Indiana costs? How affordable is Indiana’s homeowners insurance rates? Or what the average cost of homeowners insurance in Indiana is? Before we go further, we need to firstly consider what type of state Indiana is, the disasters it’s prone to and its cost of living. The answers to these questions are factors that affect the price of homeowners insurance in Indiana. Indiana is a state prone to various natural disasters like Ice Storms, Tornadoes, Earthquakes, Flooding, Heatwave, etc. Indiana also has a property crime rate of about 34%. These are some of the reasons for constant increases in the homeowners insurance rate of Indiana. While trying to decide on the right homeowners insurance for you, it’s important to consider these events stated in your selection process. The cost of living in Indiana based on a national average of 100 is 82.1, with housing being just 61.7 out of a 100. Also, homeowners insurance rate in Indiana is pretty low with an average annual cost of $1173, which is also lower than the national average. Finally, Indiana can be said to be a good state with an affordable living cost. Only 41.7% of Indiana residents spend over 30% of their income on rent and utilities. Meaning Indiana’s living cost is quite affordable.