Best Homeowners Insurance in Ohio (2024)
Updated: October 16, 2024
Advertising & Editorial Disclosure
In Ohio, Auto-Owners stands out as the top choice for home insurance. If your focus is on higher dwelling coverage limits, consider American Family because they're the go-to provider for more expensive homes.
Unless otherwise stated, we used a $100,000 dwelling coverage limit to collect quotes. The amount of dwelling coverage you need will influence your premium. We also reviewed the cheapest home insurance in Ohio for those prioritizing cost over service quality.
Best HomeInsuranceOhio
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To pinpoint Ohio's finest homeowners insurance, we analyzed robust data from both the Ohio Department of Insurance and Quadrant Information Services.
Home insurance rates in Ohio represent the latest quotes as of July 2024.
Homeowners seeking exceptional coverage in Ohio should look no further than Auto-Owners. It offers the best home insurance in the Buckeye State.
In Ohio, the home insurance market is filled with various options, each presenting a unique blend of cost and service. As a homeowner, weigh these factors to secure a policy that not only meets your budget but also delivers top-notch service tailored to your needs.
Auto-Owners excels in coverage. With an average annual premium of $738, it provides considerable value. It features guaranteed replacement cost, an add-on that ensures your home is rebuilt to its original quality irrespective of the cost, a boon in times of disaster. Equally notable is its personal property replacement cost, enhancing your policy to cover the full value of your belongings, not just the depreciated amount, safeguarding your investments effectively.
Auto-Owners provides the best home insurance in Ohio based on service quality.
Valuing service quality means prioritizing customer support, claims handling and overall satisfaction. For instance, in the event of a storm damaging your home, a high-quality service provider would handle your claim swiftly and efficiently.
Auto-Owners offers high-quality service. Ohio residents benefit from an average annual premium of $738. Homeowners enjoy comprehensive protection with reasonably common additions like guaranteed replacement cost, providing full rebuild or repair without depreciation concerns.
Additionally, building ordinance or law covers the increased costs when repairs require updated compliance, securing homeowner investments amidst changing regulations. These benefits offer homeowners an enhanced sense of security and adaptability for their property insurance needs.
For Ohioans seeking affordable home insurance, Auto-Owners is best.
Auto-Owners emphasizes that a budget-friendly price tag may not always align with superior service. When evaluating the average cost of home insurance in Ohio, homeowners should consider providers that balance economical rates and exceptional service. A homeowner who—for example—has recently renovated their house should choose such a provider.
Auto-Owners achieves an impressive affordability score of 74 out of 75 for Ohio homeowners, making it highly accessible for budget-conscious consumers with an average premium of $738 annually.
Auto-Owners ensures premiums remain budget-friendly by offering a suite of discounts. Bundle discounts apply when holding multiple qualifying policies, reducing overall costs. Claims free benefits reward homeowners with a lower premium for maintaining a favorable loss history, emphasizing responsible ownership.
American Family is the best for Ohio homeowners with expensive homes. These providers are the top choices for those seeking $1 million in dwelling coverage.
For expensive homes requiring substantial coverage, balancing cost and quality in insurance is important, making a provider like American Family an attractive option.
American Family provides superior affordability for expensive homes in Ohio. Homeowners have been enjoying an average annual premium of $2,893. Possibly reduce these costs further by bundling home and auto insurance, a common discount that can lighten the financial load, especially when higher coverage amounts are needed for more valuable properties.
American Family offers comprehensive options like equipment breakdown and back-up of sewer or drain coverage. Equipment breakdown protection assists with appliance and system repairs after unexpected breakdowns, whereas back-up of sewer or drain coverage helps mitigate the costs arising from water damage due to backup issues.
Auto-Owners is the premier insurer for new homes in Ohio. The top two homeowners insurance providers for $500K dwelling coverage are:
Auto-Owners provides an exemplary balance of value, evidenced further by its excellent service score. This combination assures homeowners access to reliable coverage without overburdening their finances.
Auto-Owners is the top choice for Ohio homeowners seeking to insure their new homes, offering an average annual premium of $1,430. Its Guaranteed Replacement Cost add-on is a significant asset, covering full replacement regardless of policy limits — essential for new home protection.
Auto-Owners also provides reasonably rare payment rewards and very rare financial stability discounts, granting reduced rates to owners who maintain a solid payment history or are mortgage-free. These options reward responsible financial behavior and property investment, making insurance more cost-effective.
For for the best homeowners insurance for veterans in Ohio, USAA stands unmatched, tailored exclusively for the military community. USAA’s policies come at an affordable annual premium of $752.
USAA appreciates the distinctive challenges they may face, like frequent moves and deployment risks. It’s committed to safeguarding their homes and possessions, providing peace of mind regardless of their location or assignment.
USAA exclusively caters to military members and their families, with high affordability and claims handling scores, accompanied by an average annual premium of $752. Personal property replacement cost coverage is included, ensuring that possessions are replaced at current market value without depreciation. This feature serves to fortify your home’s defense against property loss or damage.
USAA encourages savings with reasonably rare discounts for setting up smart home devices and for customer loyalty. The smart home discount rewards customers integrating tech-savvy systems for property monitoring and automation, while the loyalty discount benefits members with continuous policy renewals, offering savings as a token of appreciation for their commitment.
The best homeowners insurance providers strike a fine balance, offering premium customer service and comprehensive coverage at a cost that won't strain your budget. Your ideal coverage hinges on your unique requirements and should be tailored to meet them effectively. Let's walk through the essential steps to identify the homeowners insurance that best fits your needs without compromising on quality or financial sensibility.
Determine how much home insurance coverage you need. Consider factors such as the value of your home, personal belongings and potential risks specific to your location. An accurate assessment will serve as the foundation for selecting the appropriate coverage.
Gather information on multiple insurance companies. Look into their reputations, track record of customer satisfaction and the policies they offer. Take a deeper dive into each provider's strengths and shortcomings.
After shortlisting potential providers, scrutinize the details of their policies. You'll want to compare home insurance quotes to ensure you’re getting the best deal. Look beyond the premiums and consider deductibles, policy limits and exclusions.
Ensure that you have a thorough understanding of the policy's intricacies. Pay close attention to the extent of coverage, whether it includes replacement cost or actual cash value for personal property, the types of covered perils and any additional coverage options that may be necessary for your situation.
An independent insurance agent can help clarify the finer points of different policies and provide expert advice tailored to your needs. They possess a broad market view and can be a personalized resource throughout your decision-making process.
Finding the best homeowners insurance provider in Ohio hinges on your individual needs and preferences. With an array of options available, it's important to consider how each plan aligns with your unique situation. We looked at common questions about the best homeowners insurance providers in Ohio to help you find the right fit.
Auto-Owners offers the best overall home insurance in Ohio, with a MoneyGeek score of 98 out of 100 and an average annual premium of $738.
Auto-Owners offers the cheapest homeowners insurance in Ohio with an average annual premium of $738. Homeowners may be able to reduce their premiums further if they qualify for discounts.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
