Best cheap home insurance in Fort Wayne in 2025

The best home insurance companies in Fort Wayne

Fort Wayne is the second-largest city in Indiana and one of the top 25 fastest-growing cities in the country. Perhaps because of the uptick in population, Fort Wayne home values have risen by nearly 8 percent over the past year. A home is a large (if not your largest) investment, and having a great insurance policy is the smartest way to protect that investment. Bankrate’s insurance editorial team, which includes licensed agents, is here to help you find the best home insurance in Fort Wayne for your needs and budget. Based on our research, USAA, Erie, Nationwide, Allstate and American Family are some of the best home insurance companies in Fort Wayne.

The cheapest home insurance companies in Fort Wayne

Buying a home is no small feat, especially in the current buying climate. It’s expensive, and if your insurance budget is looking lean, Bankrate can help you find an affordable rate. Our research shows that, on average, Buckeye State Mutual, Allstate and Erie are the cheapest home insurance companies in Fort Wayne. Keep in mind that, when looking for cheap home insurance companies, the higher your dwelling limit is, the more you will likely pay for your policy.

How much is home insurance in Fort Wayne, Indiana?

Compared to the national average, Fort Wayne home insurance costs are pretty cheap. The average cost of home insurance in Fort Wayne is $1,509 per year for a policy with a $300K dwelling policy. This is 35 percent less than the national average of $2,329 per year, and 13 percent less than the Indiana average of $1,738. But, these figures may not represent your exact insurance costs. Factors like your credit history, how old your home is and the deductible you choose can also play a part in your home insurance costs.

Fort Wayne rates by credit tier

Your credit history can help determine your Fort Wayne home insurance costs. Insurance actuarial data suggests that homeowners in good or excellent credit tiers file fewer claims than those with average or poor credit. As such, most home insurance companies charge cheaper rates for homeowners with better credit. While raising your credit score can take some time, taking the steps to improve your credit rating could help you save money when your policy renews.

Fort Wayne rates by home age 

Older homes usually cost more to insure. Older homes, particularly those with older roofs, may be more expensive to repair after a covered claim. To offset these future, potential higher costs, many insurance companies charge older homes higher rates. In the table below, we’ve rounded up average rate data from the cheapest home insurance companies across multiple construction years.

Fort Wayne rates by deductible amount

If your insurance quotes are higher than you’d prefer to pay, you may want to think about raising your deductible. While your out-of-pocket costs after a claim will be higher, your insurance company may offer you a lower premium. Just make sure that your deductible is still an amount of money you could reasonably afford to pay at a moment’s notice.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze May 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: “1959, 1982, 1992, 2010, 2016 (base) and 2020.”

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech  and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points