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The Best Homeowners Insurance in Ohio [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Ohio offers everything you’d think a midwestern state would — serene lakefront properties, picturesque countryside estates, and architecturally beautiful cities like Cincinnati. In fact, Ohio residents love it so much that over half of its residents own their own property, so good home insurance is a necessity in the Buckeye state.

If you own or are thinking of buying a home in Ohio, it’s important to compare homeowners insurance rates and find the best home insurance that works for you. 

We at Expertise.com have analyzed a handful of home insurance companies. We’ll uncover everything to know about homeowners insurance in Ohio, and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Ohio

The average cost of homeowners insurance in Ohio is $1,119 per year, for homeowners insurance with $250,000 in dwelling coverage, according to Bankrate. This is less than the national average. 

The cost of Ohio home insurance can differ vastly based on a few key factors:

  • The age of your home: Is your Ohio home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Ohio home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to the lakes, rivers, and streams that encompass this state?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Ohio Homeowners Insurance Rates by City

Curious to see how your zip code stacks up against other Ohio cities? Below are the average annual insurance premiums for $250k dwelling coverage for some of the more popular cities in Ohio:

City

Average Annual Premium

Akron

Cincinnati

Cleveland

Columbus

Toledo



The Best Homeowners Insurance in Ohio

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage and home insurance rates in Ohio:

Ohio Mutual

Ohio Mutual


Average Annual Rate: ~$500

Notes: Cheapest option available

Cincinnati Financial

Cincinnati Financial


Average Annual Rate: ~$550

Notes: Affordable option, offers tiers of coverage

Erie Insurance logo

Erie


Average Annual Rate: ~$750

Notes: Great customer satisfaction rates, extensive bundling options

State Farm logo

State Farm


Average Annual Rate: ~$750

Notes: Coverage includes nature-related damage — like frozen plumbing systems, great for local offices

American Family Insurance

American Family


Average Annual Rate: ~$850

Notes: Another affordable and popular option in the state

Grange Insurance

Grange Insurance


Average Annual Rate: ~$1,000

Notes: Great auto and home bundling options

Allstate logo

Allstate


Average Annual Rate: ~$1,050

Notes: A great option for bundling

Cheapest Homeowners Insurance in Ohio

The cheapest homeowners insurance coverage in Ohio is Ohio Mutual

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check Ohio Mutual’s home insurance coverage options in Ohio first.




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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Ohio specifically.

How to Reduce Homeowners Insurance Costs in Ohio

As we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Ohio Insurance Options In Your City

At Expertise.com, our goal is to connect Ohio residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 15 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Ohio cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.