Renters Insurance at Sunspring Apartments
What Affects Your Premium Here
Every building is different. These factors specific to Sunspring Apartments can push your insurance cost up or down:
Open Access
No gated or controlled access — higher theft exposure
Ground Level
Single-story — higher flood/water intrusion risk
FEMA Flood Zone
Zone X — minimal flood risk
FBI UCR
Property crime rate: 2322/100K (47% above national average)
What You'll Likely Pay
$12
Est. Monthly
$144
Est. Annual
$13
State Avg/mo
How Much Coverage Makes Sense
Renters insurance has two main pieces: personal property coverage, which pays to replace your belongings if they're stolen or damaged (think furniture, electronics, clothes), and liability coverage, which protects you if someone gets hurt in your unit or you accidentally damage someone else's property. Here's what we'd recommend for Sunspring Apartments based on the rent level and building features.
Personal Property
What your stuff is worth
If you own less
$10,000
If you own more
$25,000
Liability
Covers accidental harm & lawsuits
Standard minimum for most lease requirements in Indiana. Cats present minimal liability risk vs dogs.
How Carriers Compare for This Area
Not all carriers price the same zip code equally. Here's how the major options stack up near Sunspring Apartments:
| Carrier | Monthly | Annual |
|---|---|---|
| Lemonade | $7/mo | $89/yr |
| USAA | $8/mo | $100/yr |
| State Farm | $11/mo | $134/yr |
| Progressive | $12/mo | $145/yr |
| Safeco | $12/mo | $145/yr |
| Travelers | $13/mo | $156/yr |
| Allstate | $14/mo | $167/yr |
| Nationwide | $14/mo | $167/yr |
| Farmers | $15/mo | $178/yr |
| Liberty Mutual | $17/mo | $201/yr |
Discounts You May Qualify For
Next Step
See if you can beat $12/mo
4 discounts may apply here. Real quotes show your actual price — estimates can't.
Property Crime & Theft Risk
Renters insurance pricing is driven by property crime — theft, burglary, and vehicle break-ins — not violent crime. Here's what the FBI's Uniform Crime Reporting data shows for Indianapolis.
Indianapolis property crime rate
per 100K residents
U.S. avg is 1,578 per 100K
Breakdown per 100K residents
U.S. average
Higher-than-average property crime is why insurance carriers charge more in this zip code — your premium reflects the claims frequency for the area. Sunspring Apartments also has on-site security features (Property manager on site) that insurers recognize with discounts.
Source: FBI UCR Program, Indianapolis (2024-12 to 2025-11)
What residents talk about most
Management
Consistently positive in reviews
“Staff is very helpful and knowledgeable love my new home.” — Google reviewer
On-Site Security
Natural Hazards & Your Renters Coverage
The seismic picture at Sunspring Apartments is moderate — damaging earthquakes are uncommon but not unheard of, and standard renters insurance excludes earthquake damage regardless of likelihood. Flood risk is low at this address. The decision worth weighing is whether to add an inexpensive earthquake endorsement or skip it; the rationale for each is below.
Flood damage
This address is in one of FEMA's lower flood-risk classifications. Standard renters policies don't cover flood damage anywhere, but in low-risk zones the cost of a separate NFIP policy generally isn't justified by the expected loss. The detail is below mostly for completeness.
FEMA Zone X (Area Of Minimal Flood Hazard) — Minimal flood risk
Flood insurance optional but inexpensive in this zone.
Flood zone data from FEMA National Flood Hazard Layer (NFHL). Zones can change — verify at FEMA Flood Map Service.
Earthquake shaking
The seismic picture is in the middle: damaging earthquakes are uncommon but not negligible. Renters insurance excludes earthquake damage regardless, so the choice is whether the modest cost of an endorsement is worth the modest probability of a payout. The data point below provides the specifics.
Moderate seismic hazard · ground motion 0.09g
Endorsements priced for renters typically run under $100 a year and only cover personal property. Whether it pays back depends on the value of what's in your unit.
Hazard data from USGS National Seismic Hazard Model. The ground-motion figure is the level USGS expects to be exceeded with about 2% probability over a 50-year horizon — the standard reference used in building codes.
Severe weather you'd actually claim for
Severe-weather activity in Marion County is at the low end. Standard renters insurance already covers wind and hail damage to your stuff, so the data below is more context than coverage gap.
Source: NOAA Storm Events Database, annual averages from the past five years for Marion County. Counts reflect reported events, not damage amounts.
This is the kind of address where the earthquake endorsement is a personal-preference call, not a clear-cut decision. Renters with valuable possessions usually add it; renters with mostly furniture and a laptop usually skip it.
11517 E 38th St, Indianapolis, IN 46235
Southeast Indianapolis
Monthly Cost Breakdown at Sunspring Apartments
The listed rent isn't the whole number. Here's what Sunspring Apartments actually costs each month once you add required fees and insurance.
Fees Beyond Rent
These are the additional charges beyond base rent at Sunspring Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.
Required Fees
Application Fee Per Applicant
Charged per resident.
Additional Security Deposit - Non-Refundable
Charged per unit.
Pets Fees
Pet Deposit
Charged per pet.
Monthly Pet Fee
Charged per pet.
Optional Add-On Fees
Monthly Pet Fee
Charged per pet.
Pet Policy
Bringing a pet? Here's what Sunspring Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.
About Sunspring Apartments
From the property listing:
This apartment community was built in 2025 and has 1 story with 208 units.
Frequently Asked Questions
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Disclaimer
The information on this page — including rent prices, fees, floor plans, amenities, insurance requirements, and safety data — is collected from publicly available sources and may not reflect the most current details. Apartment communities may update their offerings, policies, and pricing at any time. Always confirm details directly with the leasing office or the community's official website before making any decisions.
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