Homeowners Insurance Rates in Ohio for 2022


WRITTEN BY: Mark Romero

UPDATED: SEPTEMBER 29, 2022 | 2 MIN READ

Purchasing homeowners insurance in Ohio can protect you against natural disasters, theft, and other unexpected expenses. However, identifying the best home insurance company for your needs can be time-consuming.

To help you find the right company, we’ve created this guide on the best Ohio home insurance companies. Read on to learn our top choices and everything you need to know about home insurance in Ohio.

Best Ohio Home Insurance Companies

The average Ohio homeowner pays around $1,200 per year for home insurance, which is significantly lower than the national average of $1,700. However, some Ohio companies exceed this average, while others offer insufficient coverage options for their prices.

Here’s our breakdown of the best Ohio home insurance companies in value, customer service, coverage, and more. 

Overall Best Ohio Home Insurance Company

Erie Insurance is the best Ohio home insurance company overall. This company ranked third on J.D. Power’s U.S. Home Insurance Study in 2021. It also offers excellent value, with most customers paying around $850 annually for home insurance.

Best Value Ohio Home Insurance Company

Cincinnati Insurance offers the most affordable home insurance policies in Ohio. This company has an average yearly rate of around $700, which is well below Ohio’s average annual homeowner’s insurance premium of $1,200. This company also offers numerous discounts to reduce your premium further.

Ohio Home Insurance Company With the Best Customer Service

Auto-Owners is the Ohio home insurance company with the best customer service. This company goes above and beyond to provide personal guidance and assistance for each customer. You can feel confident working with an Auto-Owners representative through your policy purchase, claims process, and everyday questions.

Ohio Home Insurance Company Best For Bundling

If you want to bundle your home insurance with auto or another policy, we recommend American Family as the best option. This insurer offers various bundling discounts that can help you save up to 20% on your Ohio homeowner’s insurance policy. American Family also has a low average annual premium of around $800.

Ohio Home Insurance Company With the Best Coverage Options

Lemonade is the Ohio insurance company offering the best coverage options. This insurer covers personal property and liability in its general policies. However, you can also opt into coverage for extreme weather, external structures, and loss of use, among other options.

Local and Regional Home Insurance Carriers In Ohio

Cincinnati Insurance

The Cincinnati Insurance Company offers competitive homeowners insurance that protects your Ohio property, including property held in a living trust. The insurer designs its Executive Homeowner Policy to insure Ohio homes of any value, while its Executive Capstone™ Policy or Executive Classic™ Policy insure higher value homes. Cincinnati Insurance company provides policies for landlords and tenants. Homeowner insurance policies are customizable to include earthquake coverage, condominium coverage, golf course damage, and identity theft coverage. Homeowners in Columbus, Cleveland, and Cincinnati qualify for discounts if they own a newer home, increase their deductible, install a home alarm monitored by a central station, or report fewer or no claims.

Central Mutual Insurance

Van Wert’s Central Mutual Insurance is an Ohio regional insurance carrier. They has been writing Ohio homeowners insurance for over 100 years, serving Ohioans well. Their Signature Homeowners Policy will provide coverage enhancements. These coverage enhancements include Full Replacement Cost, Replacement Cost, a Cash Out Settlement Option for homeowners who don’t choose to rebuild, and Waiver of Deductible on any covered loss of more than $50,000. Central Mutual Insurance has money-saving options like discounts for paying your premium on time or early, maintaining a good credit score, purchasing a newer home, and having multiple policies with the Company.

21st Century Insurance

21st Century Insurance is a member of Farmers Insurance Companies. Ohio homeowners can expect insurance coverage from 21st Century that protects their dwelling and attached structures, covers their personal property, and safeguards their liability. The policies also offer full replacement cost coverage for your home and personal property for any covered loss. Ohio residents can save with 21st Century’s many discounts, including a 10% discount if they already have an auto insurance policy. 

Ohio Insurance Demographics

Insurance rates can vary depending on a wide range of factors. Some states have higher average home insurance premiums than others due to their demographics.

Some Ohio demographics impact the state’s average homeowner’s insurance costs.

  • Average Home Value: The average home value in Ohio is $208,784, which is lower than the U.S. average of $349,816.
  • Crime Rates: Ohio has an average violent crime rate of three crimes per 1,000 people annually. Meanwhile, the property crime rate is 18.5 incidents per 1,000 people.
  • Average Household Income: The median household income in Ohio is $58,116.
  • Median Age Range: The median age in Ohio is 38.9 years.
  • Education: Around 90% of Ohioans have a high school degree or higher, while 28% have a Bachelor’s degree or higher.

Is Ohio Home Insurance Required?

Home insurance is not a legal requirement in Ohio. However, if you have a mortgage on your house, your lender may require you to carry homeowners insurance throughout your mortgage term. Also, home insurance is a good idea if you are not prepared to pay for damage repairs out of pocket.

What Does Ohio Home Insurance Cover?

Ohio home insurance covers destruction and damage to the inside and outside of your home. Specifically, most homeowners insurance policies in Ohio cover:

  • Natural disasters (fire, tornado, storm)
  • Theft
  • Vandalism
  • Liability

However, homeowner’s insurance policies in Ohio typically do not cover floods. This insurance also does not cover natural wear and tear throughout your home.

Common Home Risk Factors In Ohio

Ohio is prone to heavy storms and tornadoes. As a result, if you live in Ohio, you’ll want to ensure your homeowner’s insurance policy provides sufficient coverage for storm damage.

Ohio also experiences strong winter storms each year, which can produce various types of damage throughout your home. Power outages, ice storms, and freezing temperatures are all common occurrences across the state.

Because Ohio experiences unique, sometimes severe weather patterns, you’ll want to keep sufficient insurance coverage to protect against these problems. Here are a few types of home insurance coverage we recommend for Ohioans.

Tornado Coverage

Tornadoes can arise out of nowhere and leave serious damage in their wake. While most homeowners insurance policies include tornado coverage, you’ll want to ensure that your policy limits are high enough for potential damage. Without sufficient coverage, you’d need to pay for some of the repairs out of pocket.

Flood Coverage

Ohio’s frequent rain storms can produce disastrous flooding in homes. Unfortunately, most home insurance policies do not include flood coverage. You’ll need to add this coverage through an insurer participating in the NFIP.

Liability Insurance

Ohio’s icy winters can produce slick sidewalks and driveways. Unfortunately, you are liable for slip and fall accidents on your property. However, keeping liability insurance in place can protect you against any injuries in and around your home.

How Much Does Home Insurance In Ohio Cost?

The average cost of homeowners insurance in Ohio is around $1,200 per year. Ohio has a lower cost of living than many other states, and its low crime rates also keep insurance costs down. Additionally, your exact location within Ohio can impact your rates.

Here’s a breakdown of the cost of home insurance in major cities throughout Ohio.

Cost of Home Insurance In Ohio By City

CityAverage Ohio Home Insurance CostDifference From Ohio Average
Akron$1,004-16.3%
Cincinnati$993-17.2%
Cleveland$1,066-11.1%
Columbus$1,086-9.5%
Dayton$1,185-1.25%

FAQs

What’s the average cost of homeowner’s insurance in Ohio?

The average cost of homeowner’s insurance in Ohio is $1,200.

How much should I pay for homeowners insurance in Ohio?

To secure the best rates, you should keep your homeowners insurance premium at $1,200 or below. However, numerous factors can impact your premium.

How much is home insurance in Ohio monthly?

You can expect to pay around $100 monthly for house insurance in Ohio. However, you can often receive a discount when you pay for an entire year in advance.

Is homeowners insurance required in Ohio?

Homeowner’s insurance is not legally required in Ohio.

What’s the best homeowners insurance in Ohio?

The overall best homeowners insurance company in Ohio is Erie Insurance.

How To Purchase Ohio Home Insurance?

We hope that this list of the top-rated homeowners insurance companies in Ohio helps you find the best coverage at a price you can afford. And don’t forget, we are always here to help. You can compare rates and get quotes from all of these companies and more by completing our rate comparison form.