Best Home Insurance in Ohio 2022
Owning a home in the Buckeye State can be a significant investment that you'll want to protect with homeowners insurance. The average cost for home insurance in Ohio is $763.53 per year, on average, for $250,000 dwelling coverage — significantly lower than the national annual average.
To help streamline your research for the right insurer, SmartFinancial rounded up the best home insurance in Ohio by comparing rates, coverages and third-party scores.
Best Home Insurance Companies in Ohio
When determining our recommendations for insurance companies in Ohio, we factored in affordability, coverages and JP Power customer service ratings. The rates below are based on home insurance policies with $250,000 dwelling coverage.
Best national carrier
Buckeye Insurance Group
Best for cheap rates
Best for military families
*Companies were chosen based on reviews and JD Power scores out of 1,000.
Best National Carrier: American Family
We rank American Family as the best national carrier in Ohio for its affordable rates and customer satisfaction. An American Family home insurance policy costs $869.90 per year, on average — slightly above the statewide average. American Family doesn't sacrifice affordable rates with service, either. With an NAIC complaint index of just 0.56, American Family has well below the expected number of complaints for a company its size.
Bundle home and auto; new or renovated home; loyalty; generational
Best for Cheap Rates: Buckeye Insurance Group
Among the insurance companies we surveyed, Buckeye Insurance Group returned the cheapest quotes. Costing $545.27 per year, on average, Buckeye policyholders pay 29% less on home insurance compared to the statewide average ($763.53 per year). Beyond your basic coverages, Buckeye offers additional coverage, including identity fraud and equipment breakdown coverage.
Buckeye Insurance Group does not disclose information about their homeowners insurance discounts but does suggest that multi-policy, home security systems and other discounts may be available. You may ask your licensed insurance agent for more information.
Best for Military Families: USAA
If you have a family member who is a veteran or active military, you may qualify for home insurance through USAA. A USAA home insurance policy costs $1,208.56 per year, on average. At first glance, this is notably higher than the statewide average. However, there are several perks unique to military families.
For example, soldiers enjoy personal property coverage while deployed and do not pay deductibles on uniforms or equipment for covered losses. Moreover, USAA received the highest JD Power score for overall customer satisfaction (although, USAA did not officially rank due to serving only military families).
Discounts: Bundle home and auto insurance; home security systems; claims-free history
Cost of Homeowners Insurance in Ohio
Home Insurance in Ohio costs $763.53 per year, on average. Compared to the national annual average ($1,213.89), Ohio homeowners pay 37% less on home insurance. However, actual rates will vary by multiple factors, including the insurance company, dwelling coverage limits and county — the average rates listed below should be used for comparative purposes only.
Cheapest Homeowners Insurance Companies in Ohio
SmartFinancial analyzed over 15,000 quotes from 16 insurance providers and found a wide range of premiums. As we highlighted earlier, Buckeye Insurance Group returned the cheapest quotes, charging $545.27 per year, on average. This is a 29% decrease from the statewide average. On the highest end was Celina Insurance Group at $2,222.24 — more than twice the statewide average.
Average Annual Premium for $250,000 Dwelling Coverage
Buckeye Insurance Group
Celina Insurance Group
Average Cost by Dwelling Value
Increasing your dwelling coverage — the costs of rebuilding your home — will increase your insurance premiums. SmartFinancial compiled quotes for coverage limits ranging from $150,000 to $450,000. Homeowners pay $582.11 per year, on average, for just $150,000 dwelling coverage. Bumping your coverage up to $450,000 will increase your average annual premium to $1,091.14 — about a $500 difference.
Average Cost by County
SmartFinancial surveyed quotes across 86 counties and found that homeowners insurance rates can change notably depending on where you live. Knox County returned the cheapest quotes, on average, costing $477.84 per year — a 37% decrease from the statewide average. Homeowners in Highland County pay the most (18% more) on homeowners insurance, on average, at $897.21.
Average Annual Premium for $250,000 Dwelling Coverage
Homeowners Insurance in Ohio
With standard home insurance, Ohio homeowners are protected against multiple types of perils, including fires, windstorms, falling objects and more. Generally, you're covered against all perils except those specifically excluded, such as flood, earthquake and mold damage.
Below, we've summarized what basic home insurance gets you plus coverage options that can plug the holes in your protections.
Pays to rebuild or repair your home if damaged or destroyed by a covered loss.
Similar to dwelling coverage, except it covers other structures on your property, such as fences, sheds and detached garages.
Covers your personal belongings (e.g., clothes, furniture) if damaged or stolen under a covered loss. Personal property coverage is typically reimbursed via actual cash value (item's value minus depreciation).
Pays for legal expenses if somebody sues you after suffering bodily injury or property damages or losses while on your property.
Pays for additional living expenses (e.g., hotel bills, meals) while you're temporarily displaced from your home due to a covered loss (e.g., roof undergoing repairs after a tornado).
Medical payments for others (optional)
Pays the medical procedures (e.g., x-rays, surgeries) of somebody who suffered bodily injuries while on your property
Flood (separate policy)
Pays for flood-related damages. You will need to buy a standalone policy or insurance rider to gain this coverage.
What Ohio Homeowners Need To Know
Knowing where you're vulnerable can help you properly insure your home against certain perils. Living in Ohio, especially, homes are exposed to tornadoes and floods.
In 2020 alone, Ohio experienced 20 tornadoes, with the majority of those tornadoes occurring in April. While tornadoes may not be as frequent as in other states, one tornado can result in costly damages to your home — a strong-enough tornado can cause a tree to fall on your home, for instance. Fortunately, tornadoes are typically covered under "windstorm coverage" in most standard homeowners insurance policies.
Homeowners should also be concerned about floods since flood damages are rarely covered in a standard homeowners insurance policy. Living near a large water source, such as the Ohio River, can leave you at a higher risk of flood damage. If you need to buy flood insurance, you can buy one through the National Flood Insurance Program or ask your private insurer if they sell a private policy.
How To Find Home Insurance in Ohio
After calculating how much home insurance coverage you need, your next step is to shop around for the best insurance carrier that meets your needs. It's faster to do one-stop shopping by entering your zip code on this page.
National carriers, like American Family and USAA, are commonly used for their name-brand recognition, financial strength and may sometimes offer cheap rates. However, it's also important to compare rates beyond price: consider things such as service and add-on coverage availability.
Ohio Home Insurance FAQs
Is homeowners insurance required by law in Ohio?
No, there is no law that requires Ohio homeowners to carry home insurance. However, your mortgage lender will almost always require you to provide proof of insurance if you're financing your home with a mortgage lender.
What is the average cost of home insurance in Ohio?
Home insurance in Ohio costs $763.53 per year ($63.63 per month), on average, for $250,000 dwelling coverage. Compared to the national annual average ($1,213.89), Ohio homeowners pay 37% less on home insurance. Actual rates, however, can vary based on the property characteristics, coverage limits, your claims history and other factors.
What is the cheapest homeowners insurance in Ohio?
Based on SmartFinancial's analysis, Buckeye Insurance Group charges the cheapest rates, on average, for home insurance. Costing $545.27 per year, on average, for $250,000 dwelling coverage, Buckeye customers pay 29% less on home insurance compared to the statewide average ($763.53 per year).
Find the Best Homeowners Insurance in the Buckeye State
Insure your home and personal belongings from perils so you don't have to pay for losses if disaster strikes. If you want to explore a home insurance solution beyond our above recommendations, SmartFinancial can help. After completing a quick questionnaire, you'll be matched with a policy based on your coverage and budget needs. Just enter your zip code below to receive your free personalized quote in minutes.
Get a Free Home Insurance Quote Online Now.
In Case You Missed It
Looking for Home Insurance?
Compare rates from dozens of companies in less than 3 minutes.