How Much Does Home Insurance Cost in Franklin, Indiana?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
If you’re a homeowner in Franklin, Indiana, understanding the cost of home insurance is essential for budgeting and protecting your property. While rates vary based on several factors, knowing what influences your premium can help you make informed decisions and save money.
Average Home Insurance Cost in Franklin
Home insurance in Franklin typically ranges between $1,200 and $1,800 annually, depending on your home’s value, location, and coverage options. However, these numbers can fluctuate based on risk factors like severe weather, crime rates, and your personal insurance history.
For official guidance on insurance regulations, visit the Indiana Department of Insurance
Factors That Affect Home Insurance Rates
Home Value & Age: Older homes or those with outdated wiring and plumbing may cost more to insure.
Location: Homes in flood-prone areas or regions with higher storm risk often have higher premiums. Check your property’s flood risk using
Coverage Limits: Higher coverage means better protection but also higher costs.
Credit Score & Claims History: Insurers often use credit scores and past claims to determine risk.
Security Features: Installing alarms and security systems can lower your premium.
Necessary Insurances for Franklin Homeowners
Homeowners Insurance – Covers your home and belongings.
Flood Insurance – Essential if you live near flood-prone areas.
Personal Liability Coverage – Protects against injury claims.
Umbrella Policy – Adds extra liability protection.
How to Save on Home Insurance
Bundle Policies: Combine home and auto insurance for discounts.
Increase Deductibles: Higher deductibles can reduce your premium.
Work with a Local Expert: Wexford Insurance understands Franklin’s market and can help you find competitive rates.
Why Choose Wexford Insurance?
At Wexford Insurance, we specialize in helping Franklin homeowners find affordable, comprehensive coverage. Our team works with top-rated carriers to ensure you get the best protection at the best price.
Ready to protect your home? Visit Wexford Insurance for a free quote today!
