Indianapolis, IN

The Riverside Apartment Homes: Renters Insurance Guide & What It Actually Costs

Last updated May 10, 2026

Looking for the best renters insurance for The Riverside Apartment Homes in Indianapolis? We break down what the lease requires, what coverage actually costs here (~$15/mo), the 4 discounts that may apply, and how the major carriers compare for your zip.

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Renters Insurance at The Riverside Apartment Homes

We found a few insurance details on the The Riverside Apartment Homes website. Your lease may have additional requirements — treat these as a starting point.

Lease Requirements

Interested party* Add property to policy
See how your options compare. Get a quote

* An "interested party" is the property management company listed on your insurance policy. It doesn't give them any claim rights — it just means they get notified if your policy lapses, which is how the leasing office verifies you stay insured.

One thing to watch for: when you purchase your policy, most carriers have a field where you add the property as an interested party — skip that step and your proof may get rejected. It takes 30 seconds during checkout. Start a quote to see which carriers handle this automatically.

What Affects Your Premium Here

Every building is different. These factors specific to The Riverside Apartment Homes can push your insurance cost up or down:

Older Building

Built in 1962 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 2322/100K (47% above national average)

What You'll Likely Pay

$15

Est. Monthly

$179

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 The Riverside Apartment Homes based on the rent level and building features.

Personal Property

What your stuff is worth

$15,000 recommended

If you own less

$10,000

If you own more

$25,000

Liability

Covers accidental harm & lawsuits

$300,000 recommended

Pool on premises — higher liability recommended for accidents at shared amenities

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near The Riverside Apartment Homes:

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

Claims-free (if applicable)
-10%
Pay-in-full annual
-7%
Paperless/autopay
-3%
Multi-policy bundle
-10%

Next Step

See if you can beat $15/mo

4 discounts may apply here. Real quotes show your actual price — estimates can't.

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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

2,322

per 100K residents

47% above U.S. avg

U.S. avg is 1,578 per 100K

Breakdown per 100K residents

Burglary
338 / 200
Larceny / theft
1,528 / 1,172
Vehicle theft
456 / 206

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. The Riverside Apartment Homes also has on-site security features (Covered parking, On site maintenance) that insurers recognize with discounts.

Source: FBI UCR Program, Indianapolis (2024-12 to 2025-11)

What Residents Are Saying

Based on Google reviews, here are the issues residents mention most often — and the ones that matter when choosing your coverage. Longer bars indicate more frequent discussion.

Water Damage Mentioned
Maintenance Issues Mentioned

On-Site Security

Covered parking On site maintenance

Natural Hazards & Your Renters Coverage

Renters at this address have one borderline natural-hazard decision to make: whether to buy an earthquake endorsement on top of a standard policy. USGS rates the area as moderate seismic hazard. Flood and severe weather aren't standout concerns. Below is what each agency actually shows.

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.

High-wind events ~13.2/yr
Hail events ~5.0/yr
Flood events ~1.6/yr

Source: NOAA Storm Events Database, annual averages from the past five years for Marion County. Counts reflect reported events, not damage amounts.

The earthquake endorsement is the only meaningful optional add-on at this kind of address. Whether it's worth the premium depends on what's actually in your unit.

2638 Cold Spring Manor Dr, Indianapolis, IN 46222

Marian Cold Springs

Built 1962 2 stories 109 units
3.8/5 ·75 reviews Google
Apt. Finder
$839 – $1,279 /month

Monthly Cost Breakdown at The Riverside Apartment Homes

The listed rent isn't the whole number. Here's what The Riverside Apartment Homes actually costs each month once you add required fees and insurance.

Total Monthly Cost $854 – $1,294
Base Rent $839 – $1,279
Est. Renters Insurance $15/mo

Fees Beyond Rent

These are the additional charges beyond base rent at The Riverside Apartment Homes. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Administrative Fee

Charged per unit.

$150

Application Fee Per Applicant

Charged per applicant.

$50

About The Riverside Apartment Homes

Year Built: 1962
Stories: 2 stories
Units: 109
Phone: (463) 205-1116

From the property listing:

The Riverside Apartment Homes – Relaxed Living with Room to Grow Welcome to Riverside Apartment Homes, where comfort and convenience flow together. Offering spacious 1-, 2-, and 3-bedroom apartments, our community features open layouts, modern finishes, and bright interiors that make it easy to feel at home. Ideally located near shopping, dining, and major highways, Riverside gives you the perfect balance of a relaxed neighborhood atmosphere and everyday convenience.

Frequently Asked Questions

Does The Riverside Apartment Homes require renters insurance?
We found specific coverage details on the The Riverside Apartment Homes website — these likely reflect lease requirements, but confirm with the leasing office. Even if it's not required, a policy typically runs under $20/month and covers you against theft, fire, and liability.
How much is renters insurance at The Riverside Apartment Homes?
For this zip code and building type, expect to pay around $15/month ($179/year). For context, the statewide average is $13/month, so this building is above average.
What will I actually pay per month at The Riverside Apartment Homes?
Plan for $854 to $1,294/month all-in. That's base rent ($839 – $1,279), plus roughly $15/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
How safe is the area around The Riverside Apartment Homes?
Property crime in Indianapolis runs noticeably higher than the national average — 2,322 incidents per 100,000 residents versus the U.S. average of 1,578. That's the metric insurance carriers care about most for renters coverage, since property crime (theft, burglary, vehicle break-ins) drives most claims. Burglary specifically is 338/100K here. On the property itself, you'll find covered parking, on site maintenance — features that can qualify for premium discounts.
What floor plans does The Riverside Apartment Homes offer?
There are 5 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $839 – $1,279. Your unit size can affect your insurance cost too — a larger unit typically means more belongings to cover.
Is SafeButler affiliated with The Riverside Apartment Homes?
No. SafeButler is not affiliated with The Riverside Apartment Homes or its leasing office, property management, or owner — this page is not the official renters insurance page from The Riverside Apartment Homes. SafeButler is an independent renters insurance comparison platform; the information shown here is compiled from public sources and renter quote data, not from The Riverside Apartment Homes directly. For lease, payment, or maintenance questions, contact the The Riverside Apartment Homes leasing office.
What is SafeButler and how does it work for The Riverside Apartment Homes renters?
SafeButler helps renters at The Riverside Apartment Homes compare renters insurance options for their lease. On this page, renters can find lease-required coverage minimums where available, an estimated monthly premium for this address, the property's risk profile (crime and flood zone), and any discounts that apply to the building — then compare carriers side by side to find appropriate coverage levels. For renters at The Riverside Apartment Homes in Indianapolis, IN, SafeButler can compare price, coverage, deductible options, and any lease-required coverage minimums in a single flow. SafeButler may show quotes from carriers such as Lemonade and Liberty Mutual where available. SafeButler does not sell insurance directly and is not tied to one insurance company, so renters can choose the option that best fits their needs.

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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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