Best homeowners insurance in Ohio (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Ohio.

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By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Michael Reynolds, CSRIC®, AIF®, CFT-I™Michael Reynolds, CSRIC®, AIF®, CFT-I™Financial AdvisorMichael Reynolds, CSRIC®, AIF®, CFT-I™, is a financial advisor, principal and founder of Elevation Financial, host of the weekly personal finance podcast Wealth Redefined®, and a member of the Financial Review Council at Policygenius.

Updated|4 min read

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What to do if you’ve been impacted by 2024 tornadoes

Over 100 tornadoes swept through several states in April and May 2024, including parts of Texas, Kansas, Nebraska, Missouri, Iowa, Michigan, Indiana, and Ohio. Homeowners impacted by these tornadoes may need to file a claim with their insurance company for damage caused by the storms. Policygenius has several resources available to help guide homeowners through the claims process. Homeowners looking for a new insurance policy can reach out to our expert home insurance agents to compare quotes from multiple companies.

Known as “The Heart of it All,” Ohio has plenty to attract homeowners to the Buckeye State. Ohio’s proximity to Tornado Alley and the chance that major storms and flood events could affect residents make quality home insurance a must. 

But despite having all four seasons and considerable tornado risk in the southwest section of the state, the average cost of homeowners insurance in Ohio is relatively cheap at $1,236 per year. This is 30% lower than the national average of $1,754 per year.

Compare home insurance rates in Ohio

But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Ohio.

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UPDATE: Home insurance premiums up 22% in Ohio

Home insurance premiums in Ohio increased 22% from May 2022 to May 2023, according to our latest analysis of internal policyholder data. This is due to a mix of labor shortages and severe natural disasters that have caused insurance companies to increase rates and establish stricter underwriting rules to offset the risks.

You can find all of the details in our Policygenius Home Insurance Pricing Report

Compare the best homeowners insurance companies in Ohio

We found that the best homeowners insurance companies in Ohio are State Farm, Nationwide, Erie, Cincinnati Insurance, and Farmers.

Policygenius decided on the best insurance company after analyzing thousands of quotes Ohio insurers. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Ohio residents to find the best homeowners insurance in Ohio.

Company

Average monthly cost

Policygenius rating

State Farm

$110

4.8 out of 5

Nationwide

$124

4.5 out of 5

Erie

$86

4.5 out of 5

Cincinnati Insurance

$80

4.5 out of 5

Farmers

$132

4.5 out of 5

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Compare home insurance rates in Ohio

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is the best home insurance company in Ohio thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • No discounts for first-time homebuyers

  • More expensive than average in Ohio

More detailschevron icon

Why we chose State Farm

According to our research, State Farm is the best home insurance company in Ohio. We like that State Farm lets you get extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, and more.

State Farm also has high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. On top of that, State Farm has received the highest rating possible from A.M. Best for financial strength and stability.

State Farm's home insurance costs a little more than Ohio's statewide average. Although the company doesn't offer as many discounts as other insurers, you could get a large discount if you're planning to bundle home and auto insurance with State Farm.

How do State Farm home insurance rates compare to the Ohio average?

The average cost of home insurance from State Farm in Ohio is $1,324 per year, which is 7% higher than the statewide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

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2024 Policygenius award winner

Nationwide

Nationwide logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers extended replacement cost

Why we chose itchevron icon

Nationwide is one of the best home insurance companies in Ohio, especially for residents who want top rated customer service. Besides a top customer experience, Nationwide also offers a range of add-ons that you can use to personalize your coverage.

Pros and conschevron icon

Pros

  • Highly rated for claims satisfaction by J.D. Power

  • Receives fewer complaints than average

  • Multiple high-quality coverage options

Cons

  • Below-average digital experience ratings

  • Rates are higher than average in Ohio

More detailschevron icon

Why we chose Nationwide

Nationwide is one of the best home insurance companies in Ohio for its great customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.

We also like Nationwide's many coverage options. These include guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.

Nationwide's rates are more expensive than average in Ohio, but you could lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.

How do Nationwide home insurance rates compare to the Ohio average?

The average cost of Nationwide home insurance in Ohio is $1,493 per year, which is 21% more expensive than the annual statewide average.

How to get a quote

Online through Policygenius or Nationwide

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2024 Policygenius award winner

Erie

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Mobile app

Bundle home & auto

Why we chose itchevron icon

Erie's wide range of coverage options, industry-best customer service ratings, and affordable rates make it one of the best home insurance companies in the state of Ohio.

Pros and conschevron icon

Pros

  • Guaranteed replacement cost comes standard on Erie policies

  • Excellent customer service and claims satisfaction ratings

  • Cheaper rates than average in Ohio

Cons

  • Offers only a few discounts

More detailschevron icon

Why we chose Erie

Erie is one of the best homeowners insurance companies in Ohio for residents who want to add more protection to a basic policy, get top-rated customer service, and pay cheaper-than-average premiums.

Home insurance policies from Erie come standard with guaranteed replacement cost coverage — which you often have to pay extra for at other companies. A basic policy also covers lost and misplaced items, jewelry, and gift cards to closed businesses.

Erie also offers a range of add-ons that you can purchase, like short-term rental coverage, equipment breakdown coverage, water backup protection, underground service line coverage, and more.

In Ohio, Erie's home insurance rates are much cheaper than average. In fact, it's one of the cheapest companies in the state.

How do Erie home insurance rates compare to the average in Ohio?

The average cost of Erie home insurance in Ohio is $1,031 per year, which is 17% cheaper than the annual statewide average.

How to get a quote

Online through Erie

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2024 Policygenius award winner

Cincinnati Insurance

Cincinnati Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

Good student discount

New homebuyer discount

Offers classic car insurance

Offers earthquake insurance

Offers extended replacement cost

Offers gap coverage

Offers wildfire insurance

Why we chose itchevron icon

Cincinnati Insurance is one of the best home insurance companies in Ohio, but only if your home is worth more than $750,000. If you have a high-value home, Cincinnati Insurance is a great choice for its range of coverage offerings and affordable rates.

Pros and conschevron icon

Pros

  • Earns 5-star ratings for customer service, financial stability, and coverage options

  • Offers a lot of valuable add-ons, including extended replacement cost coverage

  • Much cheaper rates than average in Ohio

Cons

  • Best coverage only available to higher-value homes

  • No online quote tool

More detailschevron icon

Why we chose Cincinnati Insurance

Cincinnati Insurance is one of the top home insurance companies in Ohio for its Executive Select Plan. If your house is worth at least $750,000, you may qualify for extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, identity theft coverage, and more.

We also like Cincinnati Insurance's cheap rates. On average, Cincinnati Insurance is one of the cheapest insurance companies in Ohio. The company also offers a few discounts, like a bundling and new home discount, that could lower your rates even more.

How do Cincinnati Insurance rates compare to the Ohio average?

We found that the cost of home insurance from Cincinnati Insurance is $958 per year, which is 22% cheaper than Ohio's statewide average.

How to get a quote

Find an agent via Cincinnati Insurance's website

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Ohio for those who want to add coverage to their policies. Farmers also has a range of discounts and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders and has a high claims satisfaction score

  • Lots of available discounts

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • More expensive than average in Ohio

More detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Ohio, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

Farmers is one of the best companies for bundling home and auto coverage (you could save up to 18% on your premiums by bundling). The company also offers more than a dozen other discounts, many of which are easy for most homeowners to qualify for.

How do Farmers home insurance rates compare to the average in Ohio?

The average cost of Farmers home insurance in Ohio is $1,581 per year, which is 28% more expensive than the state's average annual premium.

How to get a quote

Online through Farmers

How much is homeowners insurance in Ohio?

The average cost of homeowners insurance in Ohio is $1,329 per year, or $111 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Ohio is $518 cheaper than the national average per year.

Ohio homeowners insurance rates by city

We calculated the cost of home insurance in Ohio's largest cities and found that Parma is the cheapest big city for homeowners insurance in the state, while Dayton is the most expensive.

Here’s a look at the average cost of home insurance in the 20 largest cities in Ohio.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Columbus

$106

$1,266

2%

Cleveland

$103

$1,239

0%

Cincinnati

$103

$1,240

0%

Toledo

$110

$1,316

6%

Akron

$99

$1,191

-4%

Dayton

$117

$1,407

14%

Parma

$91

$1,090

-12%

Canton

$97

$1,160

-6%

Lorain

$96

$1,157

-6%

Hamilton

$109

$1,309

6%

Youngstown

$103

$1,241

0%

Springfield

$103

$1,231

0%

Kettering

$109

$1,305

6%

Elyria

$95

$1,143

-8%

Middletown

$111

$1,329

8%

Newark

$98

$1,178

-5%

Cuyahoga Falls

$101

$1,211

-2%

Lakewood

$94

$1,133

-8%

Dublin

$94

$1,122

-9%

Euclid

$97

$1,169

-5%

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Ohio homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Ohio for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Dwelling coverage limit

Average annual cost

$100,000

$664

$200,000

$950

$300,000

$1,236

$400,000

$1,536

$500,000

$1,867

Compare home insurance rates in Ohio

Cheapest homeowners insurance companies in Ohio

Based on our analysis of home insurance rates in every Ohio ZIP code, we found that Westfield InsuranceOhio MutualCincinnati InsuranceErie, and Auto-Owners have the cheapest average home insurance rates in the Buckeye State.

In addition to these insurers, USAA and Western Reserve have average home insurance rates below Ohio's average of $1,236 per year.

Company

Average annual cost

Westfield Insurance

$819

Ohio Mutual Insurance

$878

Cincinnati Insurance

$958

Erie

$1,031

Auto-Owners Insurance

$1,132

USAA

$1,190

Western Reserve

$1,193

Allstate

$1,301

Grange Insurance

$1,317

State Farm

$1,324

Progressive

$1,464

Nationwide

$1,493

Farmers

$1,581

Encova Insurance

$1,581

Travelers

$4,379

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Cheapest Ohio homeowners insurance if you have poor credit

Your credit score can affect what you pay for home insurance. If you have a poor credit score, your insurer will likely see you as a risk for frequent home insurance claims and, as a result, you may have to pay more in premiums.

Not all insurance companies factor a poor credit score as heavily into your rate, however, and it’s still possible to get cheap insurance with bad credit. 

With an average rate of $1,114 per year, Ohio Mutual has the cheapest home insurance rates in Ohio for a homeowner with poor credit.

Company

Average annual cost

Ohio Mutual Insurance

$1,114

Cincinnati Insurance

$1,266

Westfield Insurance

$1,292

Western Reserve

$1,520

USAA

$1,717

Progressive

$1,963

Grange Insurance

$1,966

Nationwide

$1,981

Allstate

$2,162

State Farm

$2,234

Erie

$2,655

Encova Insurance

$2,899

Farmers

$3,551

Auto-Owners Insurance

$10,048

Travelers

$16,446

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Cheapest Ohio homeowners insurance if you have an older home

Older homes can be costly to insure, as they're more prone to structural damage than a newer build, and they're often constructed with materials and features that are more expensive to replace.

With an average annual premium of $957, Ohio Mutual offers the cheapest home insurance rates in Ohio for a home over 100 years old.

Company

Average annual cost

Ohio Mutual Insurance

$957

Cincinnati Insurance

$1,071

Erie

$1,107

Auto-Owners Insurance

$1,140

Western Reserve

$1,146

Westfield Insurance

$1,198

USAA

$1,258

Allstate

$1,266

State Farm

$1,319

Grange Insurance

$1,350

Nationwide

$1,518

Progressive

$1,538

Farmers

$1,559

Encova Insurance

$1,751

Travelers

$6,472

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Cheapest Ohio homeowners insurance if you have a history of claims

Claims history is one of the most important factors insurers use when determining home insurance premiums. If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.

With an average annual premium of $1,132, Auto-Owners offers the cheapest home insurance rates in Ohio for someone that's filed three claims within a five-year period.

Company

Average annual cost

Auto-Owners Insurance

$1,132

Ohio Mutual Insurance

$1,172

Westfield Insurance

$1,374

State Farm

$1,498

Grange Insurance

$1,678

Western Reserve

$1,735

Progressive

$1,872

Erie

$1,904

USAA

$2,166

Cincinnati Insurance

$2,192

Allstate

$2,328

Encova Insurance

$2,465

Nationwide

$2,598

Farmers

$2,616

Travelers

$6,978

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Coverage options in Ohio

When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.

Before you buy homeowners insurance in Ohio, you should be sure you're protected against the state's severe weather and flooding.

Tornado insurance

You should make sure that your home is fully protected from tornadoes. According to the National Centers for Environmental Information, tornadoes in Ohio caused nearly $629 million in property damage from 2013 to 2022. [1]

While most home insurance policies do cover tornado damage (and the damage from hail that can follow severe storms), you should make sure that you'll be able to fully rebuild by adding replacement cost coverage to your policy.

Flood insurance

Many parts of Ohio sit near a lake or a river, like the Ohio River. Any type of water can pose a flood risk to homeowners in Ohio. Despite this risk, homeowners insurance policies don't cover damage from floods.

If you live in a low-lying part of Ohio or near a body of water, you should consider getting flood insurance. A few companies offer flood insurance endorsements or even separate flood insurance policies, but most companies offer coverage through the National Flood Insurance Program (NFIP).

Compare home insurance rates in Ohio

Frequently asked questions

How does a home insurance deductible work?

Your homeowners insurance deductible works like your medical insurance deductible in that you have to pay a set amount before your insurance covers the cost. If your deductible is $500 and your claim is for $3,000, you will need to pay the first $500 of your claim and then your insurer will cover the remaining $2,500. Unlike your medical insurance, however, you have to pay your deductible on every claim you make.

Who offers the best home insurance in Ohio?

We think that State Farm, Nationwide, Erie, Cincinnati Insurance, and Farmers offer the best homeowners insurance in Ohio. But the best policy for you is the one that covers all of your insurance needs and offers the service and tools you value most.

Why does the average cost of home insurance vary so much in Ohio?

Ohio has a mix of large cities with high crime rates and smaller towns and villages with fewer risk factors. This is why you can get a $251 policy from State Farm in the village of Fultonham, but the cheapest average rate in Cleveland is $1,004 with Erie.

What is the average cost of home insurance in Ohio?

The average annual policy in Ohio costs $1,236 per year. While this is below the national average, you can still find cheaper rates by shopping around and comparing quotes.

References

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Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.

  1. NCEI and NOAA

    . "

    Storm Events Database for Tornadoes in Ohio

    ." Accessed July 19, 2023.

Author

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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