Top 5 Home Insurance Companies in Wabash, IN
Check out the most popular Home Insurance agencies & companies in Wabash, IN & compare the best quotes from them.
Factors that Influences the Cost of Homeowners Insurance in Wabash, IN
Nowadays, we can witness a tremendous spike in burglaries and thefts in the state. This is because no house can ever be 100% secured. Therefore, it is essential to take necessary precautions to protect your home against burglaries and theft by taking homeowners insurance in Wabash, IN. The average cost of homeowners insurance in Wabash, IN, is $939.84.
Homeowners insurance covers property damages, loss due to fire, flood damage, vandalism, and other perils, including the medical bills of the person injured on the insured property. But the cost of homeowners insurance can differ greatly depending on the condition of the home, materials used to construct your home, level of coverage, type of deductible, claims history, and many more.
Gonrex has explored all the potential factors which are likely to influence the cost of insurance in Wabash, IN. Refer to the components below to know the difference based on your choice.
a. Type of deductible
The type of deductible opted by the policyholder affects the cost of insurance. A deductible is the amount or percentage of the repairs you pay before your insurance policy begins to pay any claims. Opting for a higher deductible will get you a discount on your home insurance premium.
Generally deductibles are in the amount of $500, $1,000, $1,500, $2,000 and $2,500. Homeowners in Wabash, IN, typically opt for a deductible of 1500 and 2000 where they pay a premium of $791 and $718, respectively. In contrast, homeowners who opt for a lower deductible of 500 and 1000 pay a premium of $929 and 841, respectively.
Refer to the chart below to gain a clear insight on the applicable rates based on the deductible opted by the policyholder.
b. Level of Coverage
There is a wide range of coverages offered to the policyholder. Coverage provided by the insurance company covers the loss and damages of the house in any unexpected circumstances.
Homeowners in Wabash, IN, pay $666 and $895 on coverages of $150,000 and $175,000, respectively. Policyholders who opt for higher coverage of $400,000 and $500,000 pay a higher premium of $2586 and $3310, respectively. The higher the coverage, the higher the premium to be paid. Hence, homeowners must opt for coverage as per their needs and requirements.
c. Materials used to construct your home
Home insurance rates are influenced based on multiple factors. One significant factor is the material used to design and construct your home. Depending on the quality of the material, the cost of insurance may vary. For instance, houses made from damage-resistant materials will generally cost less than those constructed from conventional materials.
Homeowners in Wabash, IN, who used masonry and brick pay a premium of $893. In contrast, homeowners who used fire-resistive pay $809 on homeowners insurance. Therefore, the higher the brick quality, the lower the premium.
Top Home Insurance Companies in Wabash, IN
| Home Insurance Company | A.M. Best Financial Strength Rating | Homeowners Insurance Market share |
|---|---|---|
| Liberty Mutual | A | 8.07% |
| Allstate | A+ | 8.05% |
| Nationwide | A+ | 7% |
| GEICO | A++ | 3.66% |
| Travelers | A++ | 2.94% |
Top Allstate Home Insurance Agents in Wabash, IN
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Varney Ins South | 125 N State 61883 |
||
| David Koelsch | 111 E Wabash Ave 47933 |
(765) 362-2044 | |
| Bart Ackermann | 1542 S Dixon Rd Ste B 46902-7319 |
765-457-4020 | |
| Debra Garcia | 2807 N Vermilion St Ste 1b 61832 |
(217) 443-6050 | |
| John Collis | 45 S CENTER ST 46929 |
574-967-4547 | |
| S.I. Agency Inc | 3714 1/2 N Vermilion Street 61832 |
||
| John Conte | 109 SOUTH UNION STREET 46923 |
765-564-2828 | |
| Charles Delmonte | 1039 Sagamore Pkwy W 47906-1445 |
765-463-3567 | |
| William Duran | 210 E Main St 46052 |
(765) 201-7051 | |
| White River Ins | 518 N St 46947 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| G M Abodeely Ins Agcy Inc | 10 N Plank PO Box 1002 www.abodeely.com 46065 |
(765) 379-3650 Email:ck@abodeely.com |
|
| Primestar Insurance Agency | 114 S Earl Ave 47904 |
(765) 447-6633 | |
| Boetto & Boetto Ins Agcy | 2408 W Us Highway 136 47932-8101 |
765-793-2295 Email:boettomd@aol.com |
|
| Buckner & Associates Agency Inc | 104 E Jackson St Ste 2 47918-1332 |
765-762-6151 | |
| Cinquemani Integra Insurance | 2981 S Webster St www.cinquemanintegra.com 46902-3456 |
765-453-5030 | |
| Kapiloff Insurance Agency | 2 W MAIN ST 61832 |
217-477-5380 | |
| Varney Agency Ellsworth | 504 S. Berkley Rd. www.varneyagency.com 46901 |
||
| Niehaus Ins Services Ltd | 2701 ALBRIGHT RD 46902 |
317-846-2558 Email:karen@niehausinsurance.com |
|
| Blue Moon P&C | 1777 E Lincoln Rd 46902-3993 |
765-452-7252 | |
| Kansas Preferred Ins Group Llc | 217 1/2 W WILLIAMS www.kpigroup.net 61832 |
217-709-0678 Email:keith@kpigroup.net |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| William Laurie | 120 N Main St 47960 |
(574) 583-5148 | |
| Young Insurance & Financial Inc | 103 N Green Street 47933 |
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| Albidress-Sanderson Agency Inc | 15 E Liberty Ln 61832-1440 |
217-446-8039 | |
| Scott Howell & Associates Inc | 39 E Jones Street 60953 |
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| Dale R Inman | 214 E 5th Street 47944-1444 |
765-884-1106 | |
| Sam L Whited | 1542 S Dixon Road Suite 1 46902 |
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| Charlie R Jordan | 4000 E Market St Ste 200 46947-2249 |
574-722-3545 | |
| Fletcher Insurance Group Inc | 208 S Market St # 150 46923 |
(765) 564-2061 | |
| Fiorelli Financial Group Llc | 1089 Sagamore Pkwy W 47906 |
(765) 497-9696 | |
| Thomas Insurance Services Inc | 504 High St 46947 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Tara Egglinger | 427 E Main Attica 47918 |
Email:taegglinger@geico.com |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Amanda Walsh Lutcf | 220 N Sally Dr 46996-9101 |
574-946-3867 | |
| S. Therese Stanford | 915 E Main Street 61832 |
||
| David R Mcgrath | 2409 S 18th St 47909 |
(765) 477-0303 | |
| Christine Khalil | 600 S Prairie St 47923-8406 |
765-563-3117 | |
| Matthew Oliver | 1315 S Lebanon St 46052-2793 |
(765) 484-8522 |
| GEICO | Nationwide | Allstate | |
| Median Home Value ($) | 176,230 | 176,230 | 176,230 |
| Construction year | 2002 | 2000 | 1982 |
| Home Coverage ($) | $125000-$150000 | $150000-$175000 | $175000-$200000 |
| Total Premium ($) | $1054 | $1166 | $1195 |
Wabash, IN Multi Policy Discounts by Home Insurance Companies
| Home Insurance Company | Multi Policy Discount (%) |
|---|---|
| Allstate | upto 21% |
| Travelers | upto 7% |
| Nationwide | upto 5% |
| GEICO | upto 21% |
| Liberty Mutual | upto 19% |