Erie, Westfield National and Cincinnati Insurance are the best home insurance companies in Ohio, based on QuoteWizard’s survey of the state’s providers.
Erie offers an average premium of $77 a month for home insurance in Ohio, which is well below the state average. Westfield National and Cincinnati Insurance also offer cheap home insurance to Ohioans, both at $85 a month.
In this article
How much is home insurance in Ohio?
The average cost of homeowners insurance in Ohio is $1,224 a year, or $102 a month. This is 30% lower than the national average cost of homeowners insurance, which is $1,754 a year, or $146 a month.
| Premium | Ohio | U.S. |
|---|---|---|
| Annual premium | $1,224 | $1,754 |
| Monthly premium | $102 | $146 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
What you pay for home insurance in Ohio depends on a number of rate factors. Among them are the location of your home, the materials used to build it and the deductible you choose for your policy.
| Deductible amount | Annual premium | Monthly premium |
|---|---|---|
| $500 | $1,294 | $108 |
| $1,000 | $1,224 | $102 |
| $1,500 | $1,154 | $96 |
| $2,000 | $1,104 | $92 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
If you choose a $500 home insurance deductible in Ohio, you’ll pay an average of $108 a month for coverage. If you choose a $2,000 deductible instead, your premium drops to $92 a month – saving you $16 a month.
Compare rates from top home insurance companies
What are the best home insurance companies in Ohio?
Erie is the best homeowners insurance company in Ohio if you’re looking for the cheapest premium. Cincinnati Insurance is the best home insurance company if you’re looking for a local provider. And if you or a close relative are or have been in the military, USAA may be the best home insurance provider for you.
Best home insurance rates: Erie
Erie has the cheapest homeowners insurance premiums in Ohio, at an average cost of $924 a year, or $77 a month.
Of course, there’s more to choosing the best home insurance company than a cheap premium. Customer service and satisfaction are important to most homeowners, too. Erie scores highly in this area as well. It earned an 835 out of 1,000 in the J.D. Power 2021 U.S. Home Insurance Study, which measures customer satisfaction. That puts it among the study’s top three companies.
Best local home insurance provider: Cincinnati Insurance
Ohio homeowners looking to buy home insurance from a local company should consider Cincinnati Insurance. Although its rates aren’t the absolute cheapest of the companies we surveyed, they are nearly so at $1,022 a year, or $85 a month.
Cincinnati Insurance is also the cheapest home insurance company for Columbus homeowners, and the second-cheapest company for those in Cleveland.
Another good option if you’re looking for a local homeowners insurance company in Ohio is Westfield National. Its average monthly rate is the same as that of Cincinnati Insurance, and it’s the cheapest home insurance provider for Cincinnati residents.
Best home insurance for military: USAA
USAA doesn’t offer the most affordable home insurance in Ohio, but its average premium of $1,219 is still cheaper than the state average.
More importantly, USAA has a reputation for being the best insurance company for members of the military and their eligible family members. That reputation is reflected in the 882 score it received in the J.D. Power 2021 U.S. Home Insurance Study, which puts it head and shoulders above every other surveyed company. USAA also has a low 0.46 rating in the National Association of Insurance Commissioners (NAIC) Complaint Index, where lower scores indicate better performance. The National Complaint Index is 1.0.
Where can I get cheap homeowners insurance in Ohio?
Erie offers the cheapest home insurance in Ohio, with an average premium of $924 a year. Westfield National and Cincinnati Insurance also offer home insurance rates that are well below the state average of $1,224 a year, so get quotes from them, too, as you shop around for coverage.
| Company | Average annual premium |
|---|---|
| Erie | $924 |
| Westfield National | $1,017 |
| Cincinnati Insurance | $1,022 |
| American Family | $1,094 |
| USAA | $1,219 |
| State average | $1,224 |
| Nationwide | $1,310 |
| State Farm | $1,370 |
| Grange | $1,424 |
| Allstate | $1,634 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Find cheap homeowners insurance in Ohio
Cheapest home insurance in Ohio by city
Residents of Parma pay the cheapest home insurance premiums in Ohio, according to our research of the state’s largest cities. Home insurance in Parma costs $1, 077 a year, or $90 a month, on average. Home insurance rates in Canton and Cincinnati are pretty cheap, too.
| City | Average annual premium |
|---|---|
| Columbus | $1,243 |
| Cleveland | $1,189 |
| Cincinnati | $1,157 |
| Toledo | $1,322 |
| Akron | $1,164 |
| Dayton | $1,266 |
| Parma | $1,077 |
| Canton | $1,149 |
| Youngstown | $1,218 |
| Lorain | $1,158 |
| State average | $1,224 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
The most expensive city in Ohio for home insurance is Toledo, with an average premium of $1,322 a year, or $110 a month. Columbus homeowners also pay more than the state average for coverage.
To see just how much where you live and where you buy your policy impacts what you pay for home insurance in Ohio, consider this table:
| Company | Cincinnati | Cleveland | Columbus |
|---|---|---|---|
| American Family | $982 | $1,098 | $1,031 |
| Cincinnati Insurance | $1,030 | $1,010 | $907 |
| Erie | $923 | $911 | $955 |
| State Farm | $1,115 | $1,166 | $1,569 |
| Westfield National | $922 | $1,070 | $969 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||
While Westfield National offers the cheapest home insurance to Cincinnati residents, at an average $922 a year, Erie is the cheapest provider in Cleveland, with an average annual premium of $911. Meanwhile, Cincinnati Insurance is the cheapest homeowners insurance company in Columbus, at $907 a year.
Cheapest home insurance in Ohio by county
The Ohio county with the cheapest homeowners insurance premium is Stark, with an average rate of $1,130 a year. Home insurance tends to be cheap in Lorain and Summit Counties, too, with average premiums of $1,134 and $1,140 a year, respectively.
| County | Average annual premium |
|---|---|
| Franklin | $1,228 |
| Cuyahoga | $1,144 |
| Hamilton | $1,163 |
| Summit | $1,140 |
| Montgomery | $1,288 |
| Lucas | $1,282 |
| Butler | $1,250 |
| Stark | $1,130 |
| Lorain | $1,134 |
| Warren | $1,212 |
| State average | $1,224 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Montgomery County has the most expensive home insurance premium in Ohio, at an average cost of $1,288 a year. Lucas County is close behind, at $1,282 a year.
Homeowners insurance perils in Ohio
If certain types of weather events are common where you live, they can affect what you pay for home insurance coverage. Tornadoes and flooding are the main weather risks for Ohio homeowners. Here’s how these natural disasters could impact your home insurance premium.
Tornadoes
Ohio experienced 33 tornadoes in 2021, according to Cincinnati.com. This is a big deal, as the damage a tornado can cause to a home can easily run into the tens of thousands of dollars.
Most homeowners insurance policies cover tornado damage. Still, you can minimize the damage a tornado can cause to your home and reduce the risk of filing a claim by doing one or more of the following:
- Install storm doors and windows.
- Reinforce your roof.
- Remove freestanding items like lawn chairs, potted plants and other yard items that can become projectiles during a tornado.
Flooding
In 2018, the Ohio River rose to over 60 feet, making it the worst flood Cincinnati had experienced since 1997, when the river rose to almost 65 feet.
Standard homeowners insurance doesn’t cover flood damage. However, you can buy flood insurance through FEMA's National Flood Insurance Program (NFIP). Many Ohio home insurance providers and some independent agents take part in the NFIP. They can sell you a policy to help protect your home against flooding.
Depending on which flood zone your home is in, your mortgage provider may require you to have flood insurance. To gauge your home's possible risk of flood damage, check the FEMA Flood Map Service Center to see which flood zone your home is located in.
Methodology
We collected quotes from every ZIP code in Ohio for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (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.