When it comes to home insurance in Ohio, you'll need a good policy with the right coverage. Whether you're looking for a basic policy or something more suited to your needs, it's important to find a company that offers affordable rates and outstanding service.
Best Homeowners Insurance Companies 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 may make the difference between an inexpensive home insurance premium and one that is excessively expensive.
Cincinnati Financial is the company that offers the cheapest insurance for homeowners in Ohio. Its prices are less than half those of other companies. Cincinnati Financial offers a variety of policies, tiers and options. This makes it a great choice for those who want a flexible insurance policy that meets their needs.
Cincinnati Financial's rate is very low for older houses, making it a great option for anyone who wants to protect their house at an affordable cost.
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 customer services are also very high rated. Fewer than half its customers report problems.
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's cheapest annual home insurance averages $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 will offer a 25% discount or more to customers who bundle two policies.
Homeowners who replace their roofs can save a significant amount on home insurance. It's because a brand new roof will have a higher value in case of a claim.
The rule of thumb to follow is to purchase enough home insurance for the cost of replacement of your house. You can then use this additional coverage to cover any damage not covered by the policy.
You can also choose a relatively small deductible. For example, a $500 deductible is usually cheaper than a $2,000 deductible, and that's often the way to go for a low-risk homeowner.
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 allows you to easily compare rates with the leading providers.