How Much Does Home Insurance Cost in Evansville, Indiana?

Nate Jones, CPCU, ARM, CLCS, AU
Jan 12
2 min read

Understanding home insurance costs in Evansville, Indiana is critical for homeowners who want the right protection without overpaying. Premiums vary depending on your home’s value, coverage limits, location, and the insurance company.

This guide explains the factors influencing home insurance costs, necessary coverage types, and how to get accurate quotes from trusted providers like Wexford Insurance.

Factors That Affect Home Insurance Costs in Evansville

Several key factors influence Evansville home insurance rates:

Home Value and Construction – Larger or older homes can cost more to insure.
Location – Proximity to emergency services, flood zones, and crime rates affects pricing.
Coverage Limits and Deductibles – Higher coverage limits increase premiums, while higher deductibles may reduce them.
Claims History – Previous claims can raise your premium.
Weather and Local Risks – Evansville’s risk for wind, hail, or flooding impacts costs.

Wexford Insurance — **REQUEST A FREE INSURANCE QUOTE**

Essential Home Insurance Coverages in Evansville

Even when shopping for affordability, make sure your policy includes:

Dwelling Coverage – Protects your home’s structure
Other Structures Coverage – Sheds, fences, and garages
Personal Property Coverage – Furniture, electronics, and personal belongings
Liability Insurance – Covers injury or property damage claims
Loss of Use Coverage – Pays for temporary housing if your home is uninhabitable

Average Home Insurance Costs in Evansville

While rates vary by home and coverage, Evansville homeowners typically pay between $1,200 and $2,500 per year for standard coverage. Factors like roof condition, home age, and location within Evansville influence your premium.

Comparing multiple quotes ensures you get the best value for your specific home.

Tips to Lower Your Evansville Home Insurance Premium

Bundle Policies – Combine home and auto insurance for discounts.
Increase Your Deductible – A higher deductible can lower premiums, but make sure it’s affordable.
Install Safety and Security Features – Smoke detectors, security systems, and storm shutters can reduce costs.
Maintain Your Property – Up-to-date roof, plumbing, and electrical systems reduce risk.
Ask About Discounts – Loyalty, claim-free history, and renovation discounts may be available.