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The Best Homeowners Insurance in Ohio of 2021

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    Reviews Report

    • Reviews.com rates Cincinnati Insurance as the best Ohio home insurance company, earning a 4.25 out of 5. 
    • The cheapest home insurance in Ohio is Buckeye Insurance Group, with an average annual premium of $425.
    • The average annual home insurance premium in Ohio is $874, 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 $1,288 per year, based on our review of quoted annual premiums. 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

    Compare Ohio’s Top Insurance Companies

    Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. 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 Insurance4.25$781N/AA+A+
    Pin Allstate3.8$1,255829A+A-
    Pin Grange3.75$1,272N/AA-N/A
    Pin State Farm2.8$1,300829A++AA

    Information accurate as of July 2021

    *Data provided by Coverage.com

    **J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Cincinnati Insurance

    Cheapest Ohio Home Insurance

    Why we chose it

    Based on our sample quotes, Cincinnati Insurance is the best cheap insurance provider for Ohio homeowners, which is ideal for people who are shopping for insurance on a budget.
    • 4.25 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $781 Average Premium Pricing data comes from our partners at Coverage.com.
    • N/A** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ AM Best Rate 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.

    Why we chose it

    Based on our sample quotes, Cincinnati Insurance is the best cheap insurance provider for Ohio homeowners, which is ideal for people who are shopping for insurance on a budget.

    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
    Read More

    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

    Allstate offers a wide variety of optional coverages, making it a good choice for Ohio homeowners who want to customize a policy that meets their unique needs.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,255* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ AM Best Rate 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.

    Why we chose it

    Allstate offers a wide variety of optional coverages, making it a good choice for Ohio homeowners who want to customize a policy that meets their unique needs.

    Pros

    • Lots of discounts
    • Many optional coverages
    • Helpful website with several tools and resources

    Cons

    • High number of company complaints
    • More expensive premiums
    • Below-average ratings for claims satisfaction
    Read More

    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

    Ohio homeowners who are looking to get a low rate may want to consider Grange, which offers a long list of generous discounts that might help customers get cheaper premiums.
    • 3.75 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,272* Average Premium Pricing data comes from our partners at Coverage.com.
    • N/A** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- AM Best Rate 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.

    Why we chose it

    Ohio homeowners who are looking to get a low rate may want to consider Grange, which offers a long list of generous discounts that might help customers get cheaper premiums.

    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
    Read More

    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

    Based on our research, State Farm has some of the best online tools, resources, and calculators, which could help Ohio homeowners choose the right type of coverage and amount of coverage to protect their homes and belongings.
    • 2.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,300* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate 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.

    Why we chose it

    Based on our research, State Farm has some of the best online tools, resources, and calculators, which could help Ohio homeowners choose the right type of coverage and amount of coverage to protect their homes and belongings.

    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
    Read More

    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 Coverage.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 Quadrant Information Services data from Coverage.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 $1,288. However, homeowners may be able to find cheap home insurance rates, like $425 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: $200,000
    • Coverage B, Other Structures: $0
    • Coverage C, Personal Property: $100,000
    • Coverage D, Loss of Use: $40,000
    • Coverage E, Liability: $250,000
    • Coverage F, Medical Payments: $1,500

    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 CompaniesAverage Annual Premium
    Buckeye Insurance$425
    Cincinnati Insurance$781
    Grange Insurance$1,272
    Western Reserve Group$990
    Farmers Insurance$2,066
    Auto-Owners Insurance$931
    Allstate$1,255
    Hastings Mutual$984
    State Farm$1,300
    American Family Insurance$1,242
    Motorists Mutual$1,365

    Average Homeowner Insurance Costs by Age of Home in Ohio

    Age of HomeAverage Annual Premium
    0-10$738
    10-25$974
    25-50$993
    50+$996
    Average Across Age of Home Tiers$925
    Credit Rating TierAverage Annual Premium

    Top 3 Cheapest Homeowner Insurance Companies in Ohio

    • Buckeye Insurance Group: $425 average annual premium
    • Cincinnati Insurance: $781 average annual premium
    • Auto-Owners: $931 average annual premium

    Top 3 Most Expensive Homeowner Insurance Companies in Ohio

    • Farmers: $2,066 average annual premium
    • Motorists Mutual: $1,365 average annual premium
    • State Farm: $1,300 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 Home Insurance FAQ 

    Methodology

     

    We evaluated Ohio home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

    • 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.

    About the Authors

    Cate Deventer

    Cate Deventer Insurance Editor

    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.

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