Evansville, Indiana residents enjoy the laid-back lifestyle of the Midwest and beautiful scenery such as green trees, rolling hills, and river views. They also enjoy insurance rates, both auto and home, that are lower than the national average. You can continue to keep your insurance rates down in Evansville with a little research and know-how on your part to better understand Indiana insurance laws.
Evansville Insurance for Homeowners
If you own a home, you are required to have homeowners insurance --there's no escaping it. Luckily, average insurance premiums are about $638 (according to 2006 data), below the national average of just over $800.
One reason insurance quotes in Evansville tend to be lower is because of the low incidence of natural disasters that are found in Evansville. It is not located on the ocean, not prone to earthquakes, and doesn't have the dry climate that can exacerbate and cause brush fires. However, Evansville is located on the Ohio River, which has been known to flood. Don't make the mistake of assuming your home is covered by your homeowner insurance policy; flood insurance must be purchased separately. Not only that, but Evansville flood insurance is mandatory if your home is located on a floodplain. Your mortgage lender is required to tell you whether or not you will need flood insurance. Either way, it's a good idea for any Evansville resident --a quarter of all floods occur in low risk zones, and factors such as heavy rain and poor drainage can also cause flooding.
Flood insurance is also relatively inexpensive, and discounts are available in Evansville for homes in certain areas. When getting your Evansville insurance quotes, be sure to include the costs of flood insurance as well.
Evansville Insurance for Renters
If you rent your home in Evansville, as 37% of its residents do, you will want to seriously consider renters insurance. It isn't required, but it's an excellent idea. Renters insurance covers your belongings in the event of fire, theft, or a number of other disasters. Your Evansville insurance quotes will give you exact numbers, but the cost of renters insurance is pretty low --in Indiana, it averages about $170 a year. That's a little over $10 for peace of mind in knowing your personal property is covered.
Evansville Insurance Quotes
Even though Evansville insurance is relatively inexpensive when compared to the rest of the country, if you're like most people, you still want to save money wherever possible. Obtaining multiple Evansville insurance quotes and comparing the best rates will help you save money. NetQuote.com is a great source for this and will provide you with the tools and information you need to get the best rates possible.