Best Home Insurance in Ohio (2023)

Home Insurance in Ohio

Buying the best possible homeowners insurance in Ohio can seem like a challenge as the state has numerous insurers and various types of policies available. Knowing which one is right for you and meets Ohio homeowners requirements can seem overwhelming. It doesn’t have to be so challenging if you take a few minutes to compare options to find the high-quality, cheap homeowners insurance you need. Here’s how to do that.

Home Insurance Companies in Ohio

With numerous homeowners insurance agencies in Ohio available to help you, it goes without saying you need to be proactive about finding a plan that fits your needs. First, work to create a list of the financially stable and top-rated homeowners insurance companies in Ohio. With this list, you can request quotes to find the coverage you need from the best home insurance companies in Ohio. The final step is then to use independent home insurance agents in Ohio, or the follow easy-to-use tools to compare your options.

How to Get the Best Rates for Home Insurance in Ohio

To get quotes from companies and compare, you need to know who is available to you. Add your zip code to the box on this page to gain the insight you need.

<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>

How Much Does Homeowners Insurance Cost in Ohio?

When it comes to comparing policy options, you need to know what to compare quotes to. Nationally, homeowners who purchase the most common HO-3 home insurance policy pay $1,173 a month. That’s much higher than the average annual premium in Ohio of $819. Of course, you want the cheapest home insurance in Ohio available to you. To get that, you need to obtain home insurance quotes in Ohio to compare your options.

<twitter>Nationally, homeowners who purchase the most common HO-3 home insurance policy pay $1,173 a month. That’s much higher than the average annual premium in Ohio of $819.</twitter>

List of Homeowners Insurance Companies in Ohio

This is the best time to gather the information you need. Enter your zip code on this page. You’ll then have a list of companies serving your area of Ohio to compare.

How Homeowners Insurance Is Calculated in Ohio

Home insurance companies in Ohio work closely with you to understand the coverage you need. They also look at how likely you are to have to file a claim. They use data from your community to consider this.

<qa>1;Crime;One area of concern is crime. When crime rates are high, there’s more risk of theft and vandalism that can raise costs. The property crime rate in the U.S. is 24 incidents per 1,000 people. In Ohio, it’s about that at 24.19 incidents per 1,000 residents.</qa>

<qa>2;Weather/Climate;Whether is an important factor when it comes to determining the structural risks to the home. Depending on where you live in Ohio, there is the risk of freezing temperatures, inland flooding, thunderstorms, windstorms, and tornadoes. This can increase rates somewhat in some areas.</qa>

<qa>3;Home Values;The more valuable your home is, the more insurance coverage you need. That can play a role in your premium. This is always based on the value of your home. However, as of April of 2019, the median value of a home in Ohio is $139,100. That’s just about the median for the country.</qa>

Home Insurance Requirements in Ohio

Home insurance is a valuable investment. It’s important for you to have the right type of coverage for your home. That’s why many people have questions about the insurance requirements here. Here are a few answers to some common questions.

Is Homeowners Insurance Required in Ohio?

Home insurance is not a requirement under state law. No communities in Ohio require it either. If you have a mortgage on your home, then you are required to maintain comprehensive coverage. This protects the lender. It’s usually a requirement in obtaining a loan.

What Does Home Insurance Cover?

In Ohio, your average home insurance policy covers the property itself, including the possessions in your home, and liability risks. Most policies do not automatically include flood insurance. Yet, you can add this coverage in most areas.

Homeowners Insurance for New Properties in Ohio

New home construction is growing in Ohio. If you building a home or buying a new home, be sure your policy provides comprehensive coverage to cover the cost of rebuilding the home. If a fire occurs, for example, you want the policy to provide enough to replace the home.

Homeowners Insurance for Old Properties in Ohio

It’s easy to think you don’t need insurance for older homes in Ohio. Yet, all property with value should be insured. It only takes an electrical fire or a frozen water pipe to cause thousands of dollars’ worth of loss.

Renters Insurance in Ohio

There’s no legal requirement from the state of Ohio to maintain renter’s insurance. In some areas, property management companies write this into a leasing agreement. The state does allow the property owner to require renters to have renter’s insurance.

The good news is it is very affordable. The average cost of renter’s insurance in Ohio is under $25 a month, depending on what you rent. It covers your possessions and liability risks.

<zipcode>Compare Renters Insurance in Ohio</zipcode>

Compare Home Insurance in Ohio by City

When you compare home insurance quotes, all of this information about your area is important. Yet, to find the cheapest home insurance in Ohio, you have to get a specific quote for your home. These are a few examples of factors that can contribute to the cost of coverage in your area.

<qa>1;Home Insurance Quotes in Columbus, Ohio;Columbus is the state capital and the largest city in the state of Ohio. It has 879,170 residents. This is a modern community with an urban vibe. Home values in Columbus are $154,100.</qa>

<qa>2;Home Insurance Quotes in Cleveland, Ohio;Up north near Lake Erie is the city of Cleveland with 301,525 residents. Its suburban areas are growing in size and value. The median value of a home in the city itself is $55,900, though suburban areas may be significantly higher.</qa>

<qa>3;Home Insurance Quotes in Cincinnati, Ohio;Cincinnati is to the south of the state and home to about 301,301 people. Here, home values are a bit higher and properties larger. The median home value is $144,900.</qa>

<qa>4;Home Insurance Quotes in Toledo, Ohio;Toledo is another urban community that’s grown over the years. It’s home to 276,491 people. Toledo’s median home value is just $69,700.</qa>

<qa>5;Home Insurance Quotes in Akron, Ohio;Located near Cleveland, Akron is a large, densely populated city with about 197,846 residents. Here, the median home value is just $67,500.</qa>

Bonus: Most Expensive Homes in Ohio

You may be hoping to find cheap insurance for your Ohio home. Consider the cost of insuring the most expensive homes here.

• A home in Barrington Estates at 545 Bristol Drive in Aurora with a 17,000-square-foot floor plan is worth $14.25 million.
• A home at 370 Township Road in Zanesville on 345 acres of land with a large lake is valued at $10 million.
• Another home, a lodge-style estate on 23 acres at 3827 Deer Run Oval in Richfield is valued at $8 million.

<resources>https://www.reviews.com/homeowners-insurance/ohio/;https://www.neighborhoodscout.com/oh/crime;http://statesatrisk.org/ohio;https://www.zillow.com/oh/home-values/;http://www.citypopulation.de/USA-Ohio.html</resources>