The Best and Cheapest Home Insurance Companies in Ohio
The Best and Cheapest Home Insurance Companies in Ohio

The Best and Cheapest Home Insurance Companies in Ohio

What kind of insurance company offers the best coverage for you as a homeowner ? To answer this question in Ohio, we analyzed hundreds of rate quotes, policy details and charge records from the department of state ‘s biggest home insurers .

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Our research showed that the lowest rate for a distinctive base insurance policy in Ohio is just $615, but rate was barely one of several variables we looked at. here are the insurers we think offer the best combination of respect and dependability for homeowners in the Buckeye State .

How much does home insurance cost in Ohio?

The average cost of home insurance in Ohio is $ 1,214 per year .
We gathered quotes from ten-spot of Ohio ‘s most popular insurance providers from every one of the express ‘s ZIP codes. The most expensive home indemnity in Ohio is provided by Auto-Owners Insurance and Allstate. alone these options are much more expensive than the submit ‘s average of $ 1214, while many choices fall below this notice .
You can see the median costs of these 10 insurers here :
Cost

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Best homeowners insurance companies in Ohio

The best policy party is n’t simply the cheapest supplier. alternatively, it ‘s crucial to find a company that has high-quality coverage at low-cost prices. so, to find the best homeowners indemnity provider in Ohio, we compared the average price, customer satisfaction and fiscal wellbeing of 10 of the largest policy providers in the submit. You can read the results of our across-the-board learn to find an policy supplier that offers the right coverage for your home .

Best for most people: Cincinnati Insurance Company

Cincinnati InsuranceGet a Quote Cincinnati Insurance Co. combines the cheapest price with the highest customer atonement. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” primary ”, ” buttonIcon ” : ” interlock ”, ” buttonText ” : ” Get a Quote ”, ” class ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/cincinnatifinancial-1 ”, ” description ” : ” Cincinnati Insurance Co. combines the cheapest price with the highest customer atonement. “, ” details ” : [ ], ” disavowal ” : ” ”, ” featuredTitle ” : ” ”, ” associate ” : ” hypertext transfer protocol : \/\/www.cinfin.com\/ ”, ” mention ” : ” Cincinnati Insurance ”, ” hideBanner ” : false, ” hideDescription ” : faithlessly, ” hideDetails ” : on-key, ” hideDisclaimer ” : false, ” hideTitle ” : true, ” title ” : ” Cincinnati Insurance ” }
Read our full review of Cincinnati Insurance Company We found that the best indemnity supplier in Ohio is Cincinnati Insurance Company, which has gamey customer satisfaction and is by far the cheapest homeowners insurance supplier in the state. The company ‘s average price across Ohio came in at $ 615 for a standard HO-3 policy. This figure is about one-half of the state ‘s average and more than $ 200 cheaper than the adjacent depleted rival .
If you purchase a policy through Cincinnati Insurance Company, you might be eligible for a number of discounts. You can save money on your homeowners policy if you ‘ve got estimable claims history, by installing anti-theft measures in your home or by bundling your homeowners insurance with other policies .

Best value for homeowners insurance: Erie

ErieGet a Quote With substitution monetary value coverage included in its basic homeowners insurance policy, Erie is a valuable buy. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” chief ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” class ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/erie-3 ”, ” description ” : ” With refilling cost coverage included in its basic homeowners policy policy, Erie is a valuable buy. “, ” details ” : [ ], ” disavowal ” : ” ”, ” featuredTitle ” : ” ”, ” link ” : ” hypertext transfer protocol : \/\/www.erieinsurance.com\/OnlineQuote\/ ”, ” name ” : ” Erie ”, ” hideBanner ” : false, ” hideDescription ” : faithlessly, ” hideDetails ” : true, ” hideDisclaimer ” : false, ” hideTitle ” : true, ” title ” : ” Erie ” }
Read our entire review of Erie Insurance Erie ‘s standard homeowners policy policy gives you the best sum of coverage for its price. Erie was the second-cheapest insurance company in our analysis, with an average price of $ 844. Erie ‘s standard policy comes with surrogate cost coverage, while early insurers charge extra for upgrading to this character of dwelling coverage .
substitution cost coverage is a type of dwelling protection that rebuilds your home plate for its prize without factoring for depreciation. criterion policies normally include replacement cost coverage, meaning that you ‘d only be compensated the actual value of your home if it were destroyed. With this supernumerary coverage included in Erie ‘s standard homeowners policy, you ‘re able to spend money upgrading early parts of your policy if you choose .

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Best customer service: Westfield

WestfieldGet a Quote

This company ‘s high customer service scores and low-cost price make it one to consider in Ohio. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” primary ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” category ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/westfield-2 ”, ” description ” : ” This caller ‘s senior high school customer servicing scores and low-cost price make it one to consider in Ohio. “, ” details ” : [ ], ” disavowal ” : ” ”, ” featuredTitle ” : ” ”, ” radio link ” : ” hypertext transfer protocol : \/\/www.westfieldinsurance.com\/ ”, ” name ” : ” Westfield ”, ” hideBanner ” : false, ” hideDescription ” : false, ” hideDetails ” : true, ” hideDisclaimer ” : false, ” hideTitle ” : true, ” title ” : ” Westfield ” }
If you ‘re an indemnity shopper looking for the best customer avail experience, you should consider contacting Westfield. Westfield ‘s average cost of $ 1,058 is 13 % below the country ‘s average. additionally, Westfield ‘s score on the National Association of Insurance Commissioner ’ randomness ( NAIC ‘s ) complaint index indicates that the insurance company receives far fewer complaints than its market share would suggest .
Westfield besides has an A or “ stable ” ranking from A.M. Best, which measures a ship’s company ‘s fiscal stability. A ranking like this means that a company has the capital to pay claims. In other words, Westfield has the ability to compensate you even if you file a claim in inadequate economic times or after a far-flung calamity .

Best for bundling: American Family Insurance

American FamilyGet a Quote You could be eligible for discounts if you already have another policy with american Family. { “ bannerDisclaimers ” : [ ], ” buttonColor ” : ” basal ”, ” buttonIcon ” : ” lock ”, ” buttonText ” : ” Get a Quote ”, ” category ” : ” auto_insurance_companies ”, ” cloudinaryImageName ” : ” referral_logos\/us\/insurance\/amerfam-1 ”, ” description ” : ” You could be eligible for discounts if you already have another policy with american Family. “, ” details ” : [ ], ” disavowal ” : ” ”, ” featuredTitle ” : ” ”, ” link ” : ” hypertext transfer protocol : \/\/insurance.mediaalpha.com\/zero-click.html ? cu=https : \/\/www.amfam.com\/ & carrier=American % 20Family ; TKzt2XWu22mNOdQNJ2a4RzoV6BRPpNDUopJCfh7rAsgYilC61MaFepVn5p1L6_mIOJTZIazfFd3kcRBYBf9NIndYo-7WqA ”, ” name ” : ” american Family ”, ” hideBanner ” : assumed, ” hideDescription ” : false, ” hideDetails ” : truthful, ” hideDisclaimer ” : false, ” hideTitle ” : truthful, ” title ” : ” american Family ” }
ready our full review of american Family Insurance If you ‘re thinking about purchasing homeowners insurance to go with another type of policy, you should consider American Family Insurance. You can save up to 20 % on your homeowners policy and up to 30 % on your car policy if you bundle coverages with american english Family .
American Family besides offers extra discounts if you have anti-theft or fire-retardant equipment in your home plate, like doorknob cameras and sprinkler systems. american Family ‘s average policy is $ 822, which is about 30 % less than Ohio ‘s average homeowners insurance price. The ship’s company ‘s low average price means these discounts will grant you greater buying ability to upgrade your policy .

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Cost of Ohio homeowners insurance: City-by-city

We besides calculated the average cost of indemnity in Ohio ‘s 50 largest cities. If you ‘re considering a move, or if you fair want to understand how your city ‘s prices compare to the state of matter ‘s average, check out this table. We ‘ve besides compared distinctive home insurance rates in other states .

City

Average price

Difference from average

Akron $1,004 -17%
Beavercreek $1,115 -8%
Boardman $1,048 -14%
Bowling Green $1,113 -8%
Brunswick $923 -24%
Canton $1,002 -17%
Cincinnati $993 -18%
Cleveland $1,066 -12%
Cleveland Heights $1,045 -14%
Columbus $1,086 -11%
Cuyahoga Falls $956 -21%
Dayton $1,185 -2%

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Insurers with the best and worst customer service in Ohio

To assess the customer service of homeowners policy providers in Ohio, we investigated the number of complaints each company received in the NAIC ‘s database and how each insurance company scored on J.D. Power ‘s industry evaluation .
The insurers with the best customer servicing are Erie, Cincinnati Insurance Company and State Farm. Although it did n’t receive the number-one score from the NAIC, Cincinnati Insurance Company was the only ship’s company in our analyze to receive a score of 4 out of 5 from J.D. Power .
The companies with the worst customer military service scores in Ohio are Grange Mutual, Farmers, Allstate and American Family Insurance. however, none of these insurance providers have complaint exponent scores that are above the national median of 1.0 —meaning that they distillery receive fewer complaints than expected for their sizes .

Company

Complaint index (lower is better)

J.D. Power (higher is better)

A.M. Best Financial Strength

State Farm 0.19 3/5 A++
Allstate 0.29 3/5 A+
Nationwide 0.29 3/5 A+
Grange Mutual 0.43 n/a A
Erie 0.16 3/5 A+
Westfield 0.00 n/a A
Cincinnati Insurance Cos. 0.17 4/5 A+
American Family 0.32 3/5 A+
Auto-Owners Insurance 0.20 3/5 A++
Farmers 0.37 3/5 A

What risks affect the cost of home insurance in Ohio?

even though Ohio is n’t near any fault lines or oceans, it can experience highly destructive tornadoes and floods. arsenic recently as Memorial Day 2019, one of Ohio ‘s largest cities was hit by 18 tornadoes in a unmarried evening. This storm inflicted over $ 1 billion of price on Dayton as many homes were destroyed .
fortunately, your homeowners policy covers tornadoes and other price caused by potent wind. however, if you ‘re apprehensive about replacing your home in the event that it ‘s ever destroyed, you can constantly increase the limits of your coverage or upgrade to a guaranteed refilling monetary value policy .
If you live in Ohio, you might be at risk of experiencing flood wrong. Ohio contains over 4,000 square miles of water and is bordered by Lake Erie and the Ohio River. It ‘s estimated that 98 % of Ohio ‘s counties could be impacted by damaging flood waters, including counties that contain the express ‘s biggest cities .
Unlike tornadoes, a convention homeowners indemnity policy wo n’t cover flood damage. You ‘ll have to purchase a federal policy from the National Flood Insurance Program ( NFIP ). The average NFIP flood policy policy price Ohioans about $ 1,051 compared to $ 700 nationally .

Methodology

For our study, we gathered quotes from each of Ohio ‘s 1,400 ZIP codes. We used a sample property that was built in 1969 and measured 2,100 square feet. The family was insured to Ohio ‘s median price of a home, $ 144,200.

Quotes for this family were obtained from 10 of the largest providers in Ohio : State Farm, Allstate, Nationwide, Grange Mutual, Erie, Westfield, Cincinnati Insurance Company, American Family Insurance, Auto-Owners Insurance and Farmers. unfortunately, we excluded Liberty Mutual and USAA from our cogitation due to technical limitations .
We then averaged the datum for the stallion state and for each ZIP code. For our city-specific examination, we chose one sample ZIP for each of Ohio ‘s 50 largest cities and calculated the average monetary value of coverage .
ValuePenguin ‘s psychoanalysis used indemnity pace data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only — your own quotes may be unlike .

source : https://aricantisp.com
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