Compare Homeowners Insurance In Ohio
Homeowners insurance in Ohio costs an average $1,211 a year, according to our research. To help you find the best homeowners insurance rate and get the coverage that's right for you, we studied Ohio's homeowners insurance market to compare rates, policy offerings and customer satisfaction. This article will detail:
- Average Ohio home insurance rates
- Cheapest home insurance companies in Ohio
- Best home insurance companies in Ohio
- Average Ohio home insurance rates by location
How much does homeowners insurance cost in Ohio?
We compiled quotes for every ZIP code in Ohio from seven insurance companies to get average rates. We found that the average cost of home insurance is $1,211 a year in Ohio. That's $524 below the national average of $1,735.
| Average home insurance rate | |
|---|---|
|
Ohio annual average |
$1,211 |
|
Ohio monthly average |
$101 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
You can lower or increase your annual premium by changing your deductible amount. If you increase your deductible from $500 to $2,000, your premium will drop by 15%, on average.
| Deductible | Average annual premium |
|---|---|
|
$500 |
$1,281 |
|
$1,000 |
$1,211 |
|
$1,500 |
$1,141 |
|
$2,000 |
$1,083 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest homeowners insurance companies in Ohio
The cheapest home insurance company in our study is Westfield Insurance. See average rates for some of the top home insurance companies in Ohio below.
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Best homeowners insurance companies in Ohio
Westfield, American Family and State Farm rise to the top as our choices for the best homeowners insurance companies in Ohio. Here's why.
Westfield Insurance: lowest rates
Westfield Insurance homeowners insurance policyholders in Ohio pay an average $717 a year. That's 41% less than the average homeowners insurance rate in the state of $1,211. Along with cheap rates, Westfield Insurance also offers add-on coverages such as home equipment breakdown.
American Family: best overall
American Family's rates aren't far behind Westfield, with an average annual premium of $1,042. That's still well below the average rate in Ohio. You can further save by taking advantage of American Family's discounts, such as a loyalty discount and new home discount.
Along with cheap rates, American Family also has great customer service. American Family received 831 out of 1,000 in overall satisfaction in J.D. Power's 2021 U.S. Home Insurance Study, which puts it in sixth place in the study and well above average. This indicates a great level of customer service.
State Farm: best for bundling
Purchasing auto and home insurance from the same insurance company can save you money. If you want a great discount for bundling, we recommend State Farm. According to its website, State Farm customers can save up to $1,127 a year by bundling their home and auto insurance policies. In addition to its great discount, State Farm also has great service for home insurance. It received 835 out of 1,000 in J.D. Power's 2021 U.S. Home Insurance Study, the fourth-highest score in the study.
Best home insurance companies by ratings
Customer service ratings can help determine which home insurance company can best satisfy your needs. The home insurance market in Ohio consists of a few regional and large insurance companies. We looked at scores from J.D. Power's U.S. Home Insurance Study and the NAIC Complaint Index. The 2021 J.D. Power rating is based on over 11,000 interviews with homeowners. The Complaint Index measures how many complaints a company receives relative to its size.
| Company | 2021 J.D. Power overall satisfaction rating | 2020 NAIC Complaint Index |
|---|---|---|
|
Allstate |
829 |
1.0 |
|
American Family |
831 |
0.55 |
|
Westfield Insurance |
N/A |
0.85 |
|
Cincinnati Insurance Companies |
N/A |
0.24 |
|
Grange Insurance |
N/A |
1.62 |
|
Nationwide |
812 |
0.53 |
|
State Farm |
835 |
0.74 |
| Note: The Complaint Index is based on data from the National Association of Insurance Commissioners. The National Complaint Index is 1.0, and lower scores indicate better performance. J.D. Power ratings are based on the 2021 U.S. Home Insurance Study. | ||
According to the table above, Cincinnati Insurance Companies and State Farm have great customer service.
Homeowners insurance rates in Ohio by city
Homeowners insurance premiums in Ohio are within a $300 range. Parma has the lowest premium, while Dayton has the highest.
| City | Average annual premium |
|---|---|
|
Columbus |
$1,202 |
|
Cleveland |
$1,144 |
|
Cincinnati |
$1,120 |
|
Toledo |
$1,279 |
|
Akron |
$1,112 |
|
Dayton |
$1,282 |
|
Parma |
$1,022 |
|
Canton |
$1,089 |
|
Lorain |
$1,093 |
|
Hamilton |
$1,237 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Homeowners insurance rates in Ohio by county
Here's how homeowners insurance rates compare across counties in Ohio:
| County | Average annual premium |
|---|---|
|
Franklin |
$1,194 |
|
Cuyahoga |
$1,093 |
|
Hamilton |
$1,116 |
|
Summit |
$1,090 |
|
Montgomery |
$1,273 |
|
Lucas |
$1,238 |
|
Butler |
$1,211 |
|
Stark |
$1,085 |
|
Lorain |
$1,081 |
|
Warren |
$1,178 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Homeowners insurance perils in Ohio
Weather trends may affect homeowners insurance rates in Ohio. Here are some of the bigger weather risks that Ohio homeowners have to deal with.
Tornadoes
According to Cincinnati.com, Ohio had 24 tornadoes in 2020. The damage a tornado can do to a home can easily run into hundreds of thousands of dollars, or even a total loss.
Most homeowners insurance policies cover tornado damage. A good way to help reduce the potential damage a tornado can do to your home is to install storm windows, reinforce the roof and remove freestanding items like lawn chairs, potted plants and other yard items that can become projectiles during a tornado.
Flood
In 2018, the Ohio River rose to over 60 feet, making it the worst flood Cincinnati had seen since 1997, when it rose to almost 65 feet, according to Cinncinati.com.
Flood damage is not typically covered by homeowners insurance. However, flood insurance is available through FEMA's National Flood Insurance Program (NFIP). Many Ohio homeowners insurance providers and some independent agents take part in the NFIP and can help protect your home against flood.
Depending on which flood zone your home is in, your mortgage provider may require you to have flood insurance. You can check the FEMA flood zone map to see what kind of risk your home may face.
Methodology
We aggregated thousands of quotes from every ZIP code in Ohio. We used the following policy specifications:
- Dwelling coverage: $275,000
- Personal property coverage: 50% of dwelling ($137,500)
- Other structures coverage: 10% of dwelling ($27,500)
- Loss of use coverage: 20% of dwelling ($55,000)
- Liability coverage: $100,000
- Deductible: $1,000, unless otherwise noted
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.