The average renters insurance premium in Indiana is around $174 which is about the same as the national average. For Joyce who is in her 40s, her renters insurance would be around $87 per year if she chooses coverage that includes $5000 personal property, $1000 medical payments, $500 deductible, $1000 loss of use, and $100,000 liability.
The information in this answer is general in nature and is not legal or insurance advice for your specific situation. Policy language varies carrier by carrier; your declarations page is the final word. If you're unsure, call your agent before you need to file.