If you want the best coverage for your Ohio home, then you need to find a policy that is comprehensive. Find a company who offers both affordable rates and exceptional service.
Best Homeowners Insurance Companies of Ohio
The cost of homeowners insurance is determined by several factors, such as the location of the home, its age and condition, your deductible, and whether or not you want to include coverage for floods, fires, and earthquakes. These factors can mean the difference between a low-cost home insurance policy and a high-cost one.
Cincinnati Financial is the company that offers the cheapest insurance for homeowners in Ohio. Its prices are less than half those of other companies. It also offers a wide range of policies and tiers, making it an excellent choice for anyone who wants a flexible policy that suits their individual needs.
Moreover, Cincinnati Financial has a very low rate for older homes, which is especially beneficial for people who want to protect their property at an affordable price.
In Ohio, the average price of homeowners' insurance is $529 a year or $44 a monthly -- almost 56% cheaper than the state-wide average. Its service is also rated highly with fewer that half of the customers reporting issues.
MoneyGeek evaluates thousands of quotes from dozens of insurers to determine which ones offer the best overall value. We score each insurer based on their affordability, level of customer service, and quality of home insurance quotes.
Average home insurance costs in Columbus are $1,050 per year. The average home insurance in Columbus is $1,050 per year. This is slightly higher than the statewide rate of $1,399 but still cheaper than other cities.
You can also save on home insurance by bundling it with your auto policy, which can cut your rates even further. Most companies offer discounts up to 25% for customers who bundle their insurance policies.
In addition, homeowners who pay for a roof replacement can save significantly on their home insurance premiums. This is because a new roof will be worth far more in the event of a claim than an old one that's likely to need replacement.
You should always buy enough coverage to replace the value of your home. Using the extra coverage will allow you to cover damages that your policy does not cover, such as flooding or wind damage.
A deductible that is relatively low can be a great choice. As an example, a $500 deductible is often cheaper than $2,000, which is the best option for low-risk homeowners.
Finding the best homeowners' insurance in Ohio can be challenging. However, with some patience and research you'll find a plan to fit your budget. MoneyGeek now makes it easier to compare the rates of the best providers across the nation.