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Best Homeowners Insurance in Ohio (2024)

Published on:
Content was accurate at the time of publication.

Erie is the best and cheapest homeowners insurance company in Ohio. Its rates average $104 a month and the company has higher customer service ratings than most other companies.

American Family, Cincinnati and State Farm are also good companies to contact for homeowners insurance quotes in Ohio.

Find the Cheapest Home Insurance Quotes in Your Area

Erie offers the cheapest homeowners insurance quotes in Ohio, averaging $1,242 a year ($104 a month) for a typical home. That’s 44% less than the state average of $1,553 a year.

The next-cheapest home insurance quotes are available from USAA ($1,553 a year) and American Family ($1,579 a year). Note that USAA is only available to current and former military members and their families.

CompanyAnnual rate
American Family$1,579
State Farm$1,871

Erie, American Family and State Farm are the best large homeowners insurance companies in Ohio.

Meanwhile, Cincinnati is our pick for the best small company, and USAA is best for military families.

Ohio’s best homeowners insurance companies

CompanyAnnual rateSatisfaction scoreComplaint rating
Best overall: Erie$1,242 856 (Excellent)0.4 (Excellent)
Best discounts: American Family$1,579 813 (Average)0.4 (Excellent)
Most popular: State Farm$1,871 829 (Good)0.9 (Average)
Best small company: Cincinnati$1,633 Not rated0.1 (Excellent)
Best for military families: USAA*$1,553 881 (Excellent)0.4 (Excellent)

Satisfaction scores are based on J.D. Power’s 2023 U.S. Home Insurance Study. The segment average for home insurers is 819, and higher scores are better.

Complaint ratings track confirmed complaints (that lead to a finding of fault) reported to the National Association of Insurance Commissioners. A 2.0 complaint rating means twice as many complaints as expected for the company’s size, while a 0.5 rating means half as many.

Best overall homeowners insurance company in Ohio: Erie

Erie backs its low home insurance rates with strong customer service ratings and valuable policy features for Ohio homeowners.


 Cheapest average homeowners insurance rate in Ohio
 Higher customer satisfaction than most Ohio home insurers
 Guaranteed replacement cost coverage at no charge (even if the cost of rebuilding exceeds your policy’s limit)


 No instant quotes online — instead, Erie’s website refers you to local agents

Best home insurance discounts in Ohio: American Family

American Family’s rate is 28% less than the state average for home insurance. It also has an excellent complaint rating and offers unique additional ways to save.


 Discounts available for homes built less than 15 years ago
 Discounts for replacing old plumbing, electrical or heating systems
 Discount if your parents are American Family customers and you’re under 30


 American Family’s satisfaction score is just average, although its complaint rating is excellent

Ohio’s most popular home insurance company: State Farm

State Farm is not the cheapest home insurance company in Ohio, but its 21% market share makes it the largest, or most popular. The next-largest company, Allstate, only has 11% market share.


 Home insurance rates are 15% below the state average
 Generous discounts available for bundling home and auto policies
 Quotes available online
 Agents available to provide personalized service


 State Farm’s complaint rating is just average, although it has a high satisfaction score

Ohio’s best small insurance company: Cincinnati

With just under 4% market share, Cincinnati is Ohio’s ninth-largest home insurer. However, its low rates and high customer service standards allow it to give larger companies a run for their money.


 Homeowners insurance rates are 26% lower than the state average
 Best complaint rating among the companies in our analysis
 Coverage for both standard and high-value homes


 Online insurance quotes not available.
 Website provides only minimal details about coverage choices.

Best for Ohio’s military families in Ohio: USAA

USAA’s rates are 30% lower than the state average, and also rewards its customers with valuable perks.


 Replacement cost coverage is standard for your belongings
 Discounts available for home security devices and services
 Coverage for service equipment and uniforms included for active-duty military


 You end up speaking with a different representative each time you call in for assistance
 Only available to military service members and their families

The average cost of homeowners insurance in Ohio is $2,207 a year, or $184 a month.

The actual price you pay depends on factors such as:

  • The amount of coverage you need
  • Your location
  • Your credit and insurance history
  • Any discounts you may be eligible to receive

Each insurance company weighs these factors differently, and one company may offer you a much lower rate than the others do, so you should compare quotes from multiple companies when you shop.

Home insurance rates by coverage amounts

In Ohio, a policy that insures your home, or dwelling, for $450,000 costs 23% more than a $350,000 policy.

Dwelling coverageAnnual cost
$350,000 $1,973
$400,000 $2,207
$450,000 $2,418

For a new mortgage, lenders typically require you to insure your home at its replacement value — basically, the cost of rebuilding your home to its current specifications and quality grade.

You can choose a lower amount of dwelling coverage if you have a low loan balance or if you own your home outright. But this may leave you without enough money to rebuild after a disaster.

Most insurance companies use a computer program to calculate your home’s replacement value. Make sure the information it has about your home is accurate.

In Ohio’s largest cities, home insurance rates range from $1,878 a year in Cuyahoga Falls to $2,609 a year in Dayton.

The average cost of home insurance in Columbus is $2,165 a year, which is 2% less than the state average.

Cuyahoga Falls$1,878

The average cost of flood insurance in Ohio is $962 a year (about $80 a month) for policies obtained through the National Flood Insurance Program (NFIP).

Homeowners insurance does not cover floods, so you have to purchase flood insurance separately.

Lenders usually require flood insurance for mortgages in high-risk flood zones. Flood insurance is also worth considering if you don’t have a mortgage and/or your home is in a low- or moderate-risk area.

Most flood insurance is purchased through the NFIP, which is managed by the Federal Emergency Management Agency (FEMA). However, several private companies also offer it.

You can look up a home’s flood zone online by visiting the Flood Map Service Center on FEMA’s website.


The rates shown in this article are based on an analysis of non-binding quotes obtained from Quadrant Information Services for sample homes in every ZIP code in Ohio. Unless otherwise noted, policies include:

  • Dwelling coverage: $400,000
  • Other structures: $40,000
  • Personal property: $200,000
  • Loss of use: $80,000
  • Personal liability: $100,000
  • Guest medical payments: $5,000
  • Deductible: $1,000

*USAA is only available to current and former members of the military and their families.

No, homeowners insurance is not mandatory under Ohio law, but most lenders require it for a mortgage. If you live in a high-risk flood zone, your lender will likely make you get flood insurance, too.

Ohio requires homeowners insurance companies to provide a 30-day notice before canceling or not renewing your policy. However, as the customer, you can cancel your policy at any time if you are switching companies, selling your home or for any other reason.

Homeowners insurance automatically includes mine subsidence coverage in Ohio’s 26 “mandatory coverage” counties. The coverage is offered on an optional basis in nine other counties. Mine subsidence occurs when a home sinks into a mine under its foundation.