Reviews Report
- Cincinnati Insurance, Allstate, Grange, and State Farm made our list of the best home insurance companies in Ohio.
- The cheapest home insurance in Ohio is Buckeye Insurance Group, with an average annual premium of $371.
- The average annual home insurance premium in Ohio is $1,111, which is below the national average.
Home insurance in the Buckeye State is affordable compared to other states. The average cost of homeowners insurance in Ohio is $1,111 per year, based on our review of 2021 quoted annual premiums from Bankrate.com. Although home insurance is not legally required in Ohio, lenders may require you to purchase coverage to financially protect your homes, and based on the value of your personal belongings, insurance can provide valuable peace of mind in case of a costly covered loss.
We did some research to find the best homeowners insurance in Ohio, and found that Cincinnati Insurance, Allstate, Grange, and State Farm are the top companies. We chose these providers based on their average premiums, third-party ratings, coverage options, and discounts.
The 4 Best Homeowners Insurance Companies in Ohio
- Cincinnati Insurance: Best Ohio Home Insurance for Low Rates
- Allstate: Best Ohio Home Insurance for Optional Coverages
- Grange: Best Ohio Home Insurance for Discounts
- State Farm: Best Ohio Home Insurance for Online Tools
Compare Ohio’s Top Insurance Companies
| Average Premium** | J.D. Power Customer Satisfaction** J.D. Power scores are based on surveys for customer satisfaction and product quality. | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | Standard & Poor’s Standard & Poor’s (S&P) rates creditworthiness for businesses, countries and cities that issue bonds. | ||
|---|---|---|---|---|---|
| Pin Cincinnati Insurance | $641 | N/A | A+ | A+ | |
| Pin Allstate | $889 | 829 | A+ | A- | |
| Pin Grange | $1,027 | N/A | A- | N/A | |
| Pin State Farm | $1,192 | 829 | A++ | AA |
Information accurate as of July 2021
*Data provided by Bankrate.com
**J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
Cincinnati Insurance
Best for Low Rates
Why we chose it
Why we chose it
Pros
- Below-average premium costs
- Home insurance tiers offer tailored coverage
- Strong financial ratings
Cons
- No online quotes available
- Few discounts
- Most optional coverages are only available with a high-value home policy
Available Discounts
- Multi-policy
- New home
- Claims-free
- Protective device
Additional Coverage
- Earthquake insurance
- Golf cart insurance
- Identity theft insurance
- Family shield coverage
- Assisted living coverage
- Flood insurance
- Water backup/sump pump coverage
- Green updates coverage
- Service line coverage
- Equipment breakdown coverage
- Cyber protection
- Emergency event cancellation coverage
- Single deductible
- Loss prevention device coverage
Allstate
Best for Optional Coverages
Why we chose it
Why we chose it
Pros
- Lots of discounts
- Many optional coverages
- Helpful website with several tools and resources
Cons
- High number of company complaints
- Below-average ratings for claims satisfaction
Available Discounts
- Deductible rewards
- Claims-free
- Multi-policy
- Responsible payer
- Welcome and loyalty
- Home buyer
- Automatic payments
- Protective device
- Early signing
Additional Coverage
- Host Advantage insurance
- Flood insurance
- Identity theft restoration
- Water backup coverage
- Scheduled personal property coverage
- Business property coverage
- Sports equipment coverage
- Green improvement reimbursement
- Yard and garden coverage
- Electronic data recovery coverage
- Musical instruments coverage
More Allstate Insurance Reviews
Grange Insurance
Best for Discounts
Why we chose it
Why we chose it
Pros
- Below-average premium costs
- Broad range of coverage options
- Wide variety of discounts
Cons
- No online quote tool
- No digital tools or resources
- Not rated by J.D. Power
Available Discounts
- Multi-policy>
- Advance quote
- Pay in full
- Pay on-time
- DIY home inspection
- Home maintenance
- Smart fire alarm
- Claim-free
Additional Coverage
- Service line coverage
- Home cyber protection
- Sewer/drain backup coverage
- Replacement cost coverage
- Valuables coverage
- Identity theft insurance
- Equipment breakdown coverage
- Assisted living care coverage
State Farm
Best for Online Tools
Why we chose it
Why we chose it
Pros
- Robust and user-friendly website
- Detailed online quotes
- Helpful tools and resources for first-time home insurance buyers
Cons
- Not many discounts
- Discounts are not available in every state
- Below-average claims satisfaction reviews
Available Discounts
- Multi-policy
- Home safety device
- Impact-resistant roof
Additional Coverage
- Replacement cost coverage
- Identity restoration coverage
- Flood insurance
- Water back up coverage
- Earthquake insurance
- Ordinance/law coverage
- Inflation coverage
- Personal articles coverage
More State Farm Insurance Reviews
*Data provided by Bankrate.com
**J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
Average Cost of Home Insurance in Ohio
Using 2021 Quadrant Information Services data from Bankrate.com, we analyzed home insurance companies in the United States and compared the average annual premiums from the best homeowners insurance companies in Ohio. We found that the average annual premium for home insurance in Ohio is $1,111. However, homeowners may be able to find cheap home insurance rates, like $371 per year with Buckeye Insurance Groups.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits in the methodology are as follows:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
The Cheapest Homeowner Insurance Companies in Ohio
| Homeowner Insurance Companies | Average Annual Premium* |
| Buckeye Ins Grp | $371 |
| Cincinnati Insurance | $641 |
| The Western Reserve Group | $760 |
| American Family | $857 |
| Auto-Owners | $860 |
| Allstate | $889 |
| Westfield | $923 |
| Hastings Mutual | $933 |
| Grange | $1,027 |
| Nationwide | $1,090 |
| State Farm | $1,192 |
| Motorists | $1,260 |
| Farmers | $2,002 |
| Celina | $2,215 |
*Based on $250,000 in dwelling coverage
Top 3 Cheapest Homeowner Insurance Companies in Ohio
- Buckeye Insurance Group: $371average annual premium
- Cincinnati Insurance: $641 average annual premium
- The Western Reserve Group: $$760 average annual premium
Top 3 Most Expensive Homeowner Insurance Companies in Ohio
- Celina: $2,215 average annual premium
- Farmers: $2,002 average annual premium
- Motorists: $1,260 average annual premium
Common Home Insurance Perils in Ohio
Although the risk of severe weather in Ohio is relatively low, there are some weather risks that homeowners should be aware of. For instance, flooding can occur in Ohio due to heavy rainfall, snow melt in the winter, and water levels rising in the Ohio River. Data shows that about 2.3% of homes in Ohio are at risk of structural damage due to flooding.
Additionally, wildfires can cause damage to homes throughout Ohio. Every year, there are an average of 800 wildfires in the state that burn between 4,000 and 5,000 acres of forest and grassland. The southern, northwestern, and eastern parts of Ohio see the most wildfire activity.
Ohio homeowners should also be aware of the home theft rates in the state. In the second quarter of 2018, there were 5,687 home burglaries, which was down from 6,827 in the same period of the year prior. While break-ins are relatively rare, having a Ohio home insurance policy can help you protect your finances against the threat of having to repair or replace damaged or stolen personal property.
Add-on home insurance coverage in Ohio
Basic homeowners insurance coverage is fairly robust, but there are many losses that home insurance does not cover. You can find your policy’s covered perils on your insurance declaration page.
To fill gaps in coverage, Ohio homeowners may want to consider purchasing add-on coverages. For example, purchasing a flood insurance policy can be valuable, because basic home insurance will not cover flooding and residual water damage caused by floods. All of the providers we reviewed, with the exception of Grange, sell flood insurance through the National Flood Insurance Program (NFIP).
Another add-on policy that can be beneficial for Ohio homeowners is scheduled personal property coverage, also called valuable items coverage, which is available through all five providers on our list. This policy extends your coverage limits for the valuable belongings you keep in your home, like furs, collections, jewelry, and fine art.
Before you purchase homeowners insurance in Ohio, you may want to review some of these state-sponsored resources:
- Ohio Department of Insurance’s Homeowners Insurance Guide
- City of Cleveland’s Home Inventory Worksheet
- Ohio Committee for Severe Weather Awareness’ Flood Insurance Information
Ohio Home Insurance FAQ
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
- Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
- Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
- Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
- Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
