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46224 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 46224? There are over 15,684 occupied homes in the 46224 area. With a population size of 38,822, it's not uncommon for residence of Indianapolis, IN to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Indiana is around $738 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 46224 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Indianapolis, IN Home Insurance Rate Quotes

46224 Home Insurance Average Premiums

Local 46224 homeowners insurance quotes comparison

$488 /yr.

Shows Zip Code: 46224 lowest rates with discounts applied on average.

For the 46224, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$488 /yr.
Average Coverage:$738 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1038 /yr.

What is the average home insurance cost for a home in 46224?

  • • The average homeowners insurance premium paid annually for a home in 46224 is around $738 per year.

What does it cost on average per month for home insurance in 46224?

  • • Homeowners in 46224 pay a monthly average cost per month around $62.00.

What kind of discount could I get if I combine my home and auto insurance together in 46224?

  • • Autoowners in 46224 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Indianapolis area, check out other zip codes nearby 46224.
Review average rates in another zip code:
46260 homeowners insurance rates
46203 homeowners insurance rates
46234 homeowners insurance rates
46222 homeowners insurance rates
46216 homeowners insurance rates
46236 homeowners insurance rates
46201 homeowners insurance rates
46278 homeowners insurance rates
46241 homeowners insurance rates
46280 homeowners insurance rates

Home Replacement Cost Coverage in 46224

Average Building Cost Per Square Foot in 46224: $108

Location: Indianapolis, Indiana (Marion County)

Average Square Footage in 46224: 1,093 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 46224 before you start any project. Indianapolis homeowners pay on average around $108 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 46224 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 46224 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,093 sq. ft. and the average cost to rebuild the home in this area is around $108 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Indianapolis area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1081,093$118,000
Additional Upgrades & Added Features$1351,093$147,500
Major Home Updates or Advancements$1621,093$177,000

It's important to understand that when you estimate your replacement cost of your home in the 46224 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 46224

McClain Matthews Insurance

Address: 6329 Hollister Drive Indianapolis, IN 46224
Phone: (317)298-7500
Website: www.matthewsinsurance.biz

Best Home & Auto Insurance Agencies in 46224

JC Smith Insurance

Address: 2915 North High School Road Indianapolis, IN 46224
Phone:
Website: http://www.jcsmithinsuranceagency.com/
Info:

Assurance Insurance Agency

Address: 2816 N High School Rd Indianapolis, IN 46224
Phone:
Website:
Info:

American Family Insurance- Juan R Diaz Agency Incorporated

Address: 3634 N High School Rd Indianapolis, IN 46224
Phone:
Website: http://www.amfam.com/
Info:

McClain Matthews Insurance

Address: 6329 Hollister Dr Indianapolis, IN 46224
Phone:
Website: http://www.matthewsinsurance.biz
Info:

Allstate Insurance Companies

Address: 5324 W 16th St Indianapolis, IN 46224
Phone:
Website:
Info:

Housing Demographics for 46224

Population Review for 46224 Zip Code

For the city of Indianapolis, the population within 46224 has increased to over 37,979 residents in population size. The current population total is 38,822. We have broken down the population based on race below. In 46224, there are over 19178 in male population and 19644 females.

PopulationValues
Total Population38,822
White Population13290
Black Population14112
Hispanic Population10339
Asian Population863
Hawaiian Population11
Indian Population394
Other Population6876
Male Population19178
Female Population19644
Population Estimate37979

Household Data for 46224

The average number of homes in 46224 is around 15,684, there are an average of 2.46 per household. The average house value according to local real estate values is around $118,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,684
Persons Per Household2.46
Average House Value$118,000
Income Per Household$45668
Median Age32.1
Median Age Male31.8
Median Age Female32.3
46224 DetailsValues
StateIN
State Full NameIndiana
City TypeP
City Alias Abbreviation
Area Code317
CityIndianapolis
City Alias NameINDIANAPOLIS
CountyMarion
County FIPS097
State FIPS18
Time Zone5
Day Light SavingY
MSA3480
PMSA
CSA294
CBSA26900
CBSA_DIV
CBSA_TypeMetro
CBSA_NameIndianapolis-Carmel-Greenwood, IN
MSA_NameIndianapolis, IN MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses467
Number Of Employees6637
Business First Quarter Payroll61158
Business Annual Payroll253424
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1756241
CBSA Division Population0
Congressional District07
Congressional LandArea303.84
Delivery Residential15439
Delivery Business553
Delivery Total18799
Preferred Last Line KeyX12558
Classification Code
Multi-County
CSA NameIndianapolis-Carmel-Muncie, IN
CBSA_DIV_Name
City State KeyX12558
Land Area7.150000
Water Area0.020000
City Alias Code
City Mixed CaseIndianapolis
City Alias Mixed CaseIndianapolis
Box Count285
SFDU7688
MFDU2698
State ANSI18
County ANSI097
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number174037
Unique ZIP Name
SSA State County Code15480
Medicare CBSA Code26900
Medicare CBSA NameIndianapolis-Carmel-Anderson, IN
Medicare CBSA TypeMetro
Market Rating Area ID10
County Mixed CaseMarion

Indiana Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]