Average homeowners insurance cost in Ohio

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Ohio is $2,144 a year.

Continue reading to learn more about homeowners insurance rates in Ohio by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $2,144 a year, based on Insure.com analysis.
Of all the ZIP codes in Ohio, 44647 has the most affordable home insurance rates at around $1,866 annually.
In Ohio, Auto-Owners provides the most affordable home insurance at an average annual premium of $1,603.

Average home insurance cost in Ohio by coverage level

In Ohio, the annual homeowners insurance cost is $2,144, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $2,603 in Ohio, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Ohio based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,790	$149
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,805	$150
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,144	$179
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,160	$180
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,603	$217
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,621	$218
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,779	$315
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,802	$317
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,937	$495
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,967	$497

In Ohio, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Ohio

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Ohio using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Ohio. Based on the analysis, Auto-Owners received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Auto-Owners	$1,603	A++	0.33	5
American Family	$1,877	A	0.37	4.72
Farmers	$2,548	A	0.54	3.81
Allstate	$1,667	A+	0.9	3.78
Nationwide	$1,894	A+	0.87	3.78
State Farm	$1,744	A++	0.95	3.74
Travelers	$6,584	A++	0.54	3.38
Grange Insurance	$2,276	B++	0.93	3.35

Average homeowners insurance cost by company in Ohio

Auto-Owners offers the most affordable homeowners insurance in Ohio, at an average annual premium of $1,603, followed by Allstate and State Farm.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Ohio homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Auto-Owners	$1,603	$134
Allstate	$1,667	$139
State Farm	$1,744	$145
Erie Insurance	$1,872	$156
American Family	$1,877	$156
Nationwide	$1,894	$158
Grange Insurance	$2,276	$190
Farmers	$2,548	$212
Travelers	$7,527	$627
USAA*	$1,548	$129

*USAA is only available to military community members and their families.

Ohio homeowners insurance rates by ZIP code

Insurance companies in Ohio assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Ohio. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Ohio

Homeowners insurance costs in Ohio can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 44647 area has the most affordable insurance rates, at $1,866 annually or $156 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Ohio.

ZIP code	Average annual rate	Average monthly rate
44647	$1,866	$156
44614	$1,875	$156
44221	$1,885	$157
44709	$1,893	$158
44720	$1,896	$158
44646	$1,909	$159
44718	$1,916	$160
44471	$1,917	$160
44685	$1,919	$160
44710	$1,921	$160

Most expensive ZIP codes for home insurance rates in Ohio

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Ohio, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Ohio, 45630 has the highest homeowners insurance rates, at $2,871 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Ohio for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
45630	$2,871	$239
45618	$2,856	$238
45677	$2,842	$237
45687	$2,822	$235
45105	$2,810	$234
45683	$2,807	$234
45636	$2,806	$234
45621	$2,801	$233
45617	$2,787	$232
45423	$2,785	$232

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Ohio by city

See rates in your city

Cincinnati

Toronto

Home insurance rate trend in Ohio

We analyzed home insurance rate trends in Ohio and found that homeowners insurance rates experienced an overall increase of 7% or $139, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,698	$2,005	$2,144

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Ohio.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.