If you want the best coverage for your Ohio home, then you need to find a policy that is comprehensive. If you want a policy that is tailored to meet your needs or a more basic one, it's essential to choose a company with affordable rates and excellent service.
The Best Homeowners Insurance Companies in Ohio
Location, the age of the house and its condition, the deductible amount and whether you select flood, fire, or earthquake coverage are all factors that affect the cost of an homeowners policy. These factors can mean the difference between a low-cost home insurance policy and a high-cost one.
Cincinnati Financial offers the cheapest home insurance rates in Ohio, with an average cost that is less than half of the average state price. The company offers many different policies and tiers. It is a good choice for people who are looking for a flexible policy to suit their needs.
Cincinnati Financial also offers very affordable rates for older homes.
The average annual cost of homeowners coverage in Ohio for this company is $529. That works out to $44 each month. This is 56% below the state average. Its customer services are also very high rated. Fewer than half its customers report problems.
MoneyGeek analyzes thousands quotes from dozens insurers in order to determine the ones that provide the best value. We then rate each provider on affordability of policies, service level and quality of quotes.
Columbus has the cheapest average home insurance at $1,050 annually. It's slightly more than the statewide average of $1,399, but it's still much cheaper than some other cities in the state.
Bundling auto and home insurance can save you even more on your premiums. Most companies offer discounts up to 25% for customers who bundle their insurance policies.
Furthermore, homeowners who choose to replace their roof can save on home insurance. In the event of an insurance claim, a new roof would be worth much more than a worn-out one.
A good rule of thumb is to buy enough home insurance coverage for the replacement cost 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.
It's also a good idea to select a deductible which is low. It's usually cheaper to choose a $500 rather than $2,000 deductible for a homeowner who is low-risk.
Choosing the best homeowners insurance in ohio can be challenging, but with some research and a little patience you'll be able to find a plan that fits your budget. MoneyGeek now makes it easier to compare the rates of the best providers across the nation.