Farmers offers the most affordable home insurance in Ohio with low average rates of $1,263 per year. USAA comes in second at $1,361 annually, though eligibility is limited to military members, veterans and their families. These five cheapest insurers save homeowners between $314 and $812 compared to the state average.
Cheapest Home Insurance Companies in Ohio (2026 Rates)
Updated: February 1, 2026
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Key Takeaways: Find Cheap Ohio Coverage
Farmers offers Ohio's cheapest homeowners insurance at $1,263 per year on average.
Farmers, USAA, Allstate, State Farm and Auto-Owners cost 15% to 39% below Ohio's $2,075 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Ohio insurers offer.
Who Are the Cheapest Home Insurance Companies in Ohio?
| Farmers | $105 | $1,263 | -39% |
| USAA | $113 | $1,361 | -34% |
| Allstate | $122 | $1,467 | -29% |
| State Farm | $125 | $1,494 | -28% |
| Auto-Owners Insurance | $147 | $1,761 | -15% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
Cheapest Ohio Home Insurance Rates by Category
According to our cost research, Farmers offers the most affordable home insurance across all categories in Ohio, whether you're a senior homeowner or own a newer home year. Unlike other states where the cheapest option requires military affiliation, Ohio homeowners can access Farmers' low rates regardless of their background, with costs varying based on factors like home age and risk level.
| Newer Homes | Farmers | $768 |
| Young Homeowners | Farmers | $1,240 |
| Senior Homeowners | Farmers | $1,215 |
| High-Risk Fire Homes | Farmers | $1,415 |
| Smaller Homes | Farmers | $1,219 |
| Larger Homes | Farmers | $1,325 |
COMPARE COVERAGE OPTIONS AND SERVICE QUALITY
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Ohio compares insurers across these factors.
Cheapest Homeowners Insurance by Ohio City
Risk factors differ by location, so insurers price policies differently across Ohio. Farmers offers the cheapest home insurance in Akron and Bolivar, while USAA provides lower rates in Dayton and Toledo. Cincinnati residents will find Allstate is their most affordable option.
| Akron | Farmers | $1,017 |
| Bolivar | Farmers | $968 |
| Cincinnati | Allstate | $1,307 |
| Cleveland | Farmers | $1,064 |
| Columbus | Farmers | $1,209 |
| Dayton | USAA | $1,495 |
| Dillonvale | Farmers | $1,014 |
| Grove City | Farmers | $1,206 |
| Toledo | USAA | $1,293 |
Most Affordable Ohio Home Insurance by Coverage Level
For basic home insurance coverage in Ohio, Farmers offers the best deal at $711 annually for $100,000 dwelling, $50,000 personal property and $100,000 liability protection. USAA provides the most affordable rates for mid-range or high-value coverage. State Farm is the cheapest option for $1 million dwelling and liability level.
Data filtered by:
$100K Dwelling / $50K Personal Property / $100K Liability
| Farmers | $59 | $711 |
| USAA | $60 | $719 |
| State Farm | $73 | $870 |
| Nationwide | $77 | $925 |
| Auto-Owners Insurance | $89 | $1,069 |
How to Save on Ohio Home Insurance
Ohio homeowners can cut insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Bundle Home and Auto Policies
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to Ohio homeowners.
Increase Your Deductible
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
Improve Your Credit Score
Ohio allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Maintain a Claims-Free History
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Ask About Available Discounts
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Affordable Ohio Home Insurance: FAQ
Frequently asked questions about the cheapest home insurance in Ohio:
Does home insurance in Ohio cover tornado damage?
Standard homeowners insurance in Ohio covers tornado damage to your home and belongings. Check your policy for specific exclusions, as Ohio faces moderate to high tornado risk, particularly during spring months.
Is flood insurance required in Ohio?
Flood insurance isn't required statewide in Ohio, but your mortgage lender will require it if you're in a FEMA high-risk flood zone. Even if not required, consider getting coverage since standard homeowners insurance doesn't cover flood damage.
What's the difference between replacement cost and actual cash value coverage?
Replacement cost coverage pays the full amount to rebuild or replace damaged property without factoring in depreciation. Actual cash value coverage deducts depreciation, giving you less money. Most Ohio lenders require replacement cost coverage to fully protect your investment.
Can I cancel my Ohio home insurance anytime?
You can cancel your Ohio home insurance anytime by notifying your insurer in writing. Most companies don't charge cancellation fees and will refund the unused premium. Ensure you have new coverage lined up to avoid issues with your mortgage lender.
How We Found the Cheapest Home Insurance Companies in Ohio
Our rate analysis reflects what most Ohio homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We collected quotes from major insurers using a consistent homeowner profile across Ohio. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in Ohio.
Standard Coverage Profile:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- $1,000 all-perils deductible
- Home built in 2000
- 3-class fire protection rating
- Good credit
- No claims filed in the past 5+ years
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.