You'll want to make sure you have the right policy for your home in Ohio. 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.
Best Homeowners Insurance Companies Ohio
There are several factors that determine the cost of a homeowners policy, including location, the age and condition of the house, the amount of your deductible and whether you choose to have a flood, fire or earthquake coverage. These factors can mean the difference between a low-cost home insurance policy and a high-cost one.
The cheapest home insurance in Ohio can be found with Cincinnati Financial, which averages less than half the state's average price. It offers a range of policy options and tiers that make it an excellent option for those looking for flexible policies to meet their specific needs.
Cincinnati Financial offers a low rate on older homes. This is especially helpful for those who are looking to protect their home at a reasonable price.
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. The company's customer service also scores highly, with less than half of customers complaining.
MoneyGeek evaluates thousands of quotes from dozens of insurers to determine which ones offer the best overall value. We then score each provider based on the affordability of their policies, their level of service and the quality of their home insurance quotes.
Columbus offers the lowest home insurance rates at an average annual cost of $1,050. Although slightly higher than statewide average $1,399 it is still significantly cheaper than many other cities.
Bundling your home and auto insurance policies can help you save even more money. Many companies offer a discount of 25% or more for those who bundle their policies together.
Furthermore, homeowners who choose to replace their roof can save on home insurance. This is because, in the event that a claim is made, a roof that has been replaced will be worth much more.
A good rule of thumb is to buy enough home insurance coverage for the replacement cost of your home. You can then use this additional coverage to cover any damage not covered by the policy.
Choose a relatively low deductible. It's usually cheaper to choose a $500 rather than $2,000 deductible for a homeowner who is low-risk.
It can be difficult to choose the right homeowners insurance plan in Ohio. But with a bit of research and patience, you will be able find one that suits your budget. MoneyGeek allows you to easily compare rates with the leading providers.