Besthome insuranceOhioThe Best Homeowners Insurance Companies in Ohio (2024)
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To help homeowners with different needs, MoneyGeek evaluated many factors when scoring home insurance providers in Ohio. We also checked their available coverages and discounts, so you can find which policy suits you best.
Although we found State Farm to be the best home insurance company overall in Ohio, Travelers is excellent for those on a budget, and Auto-Owners Insurance Co is a good option if you value quality service over cost.
MoneyGeek also analyzed the cheapest homeowners insurance providers in Ohio for those more concerned with saving on their monthly bill.
Besthome insuranceOhioThe Best Homeowners Insurance in Ohio
Best overall - State Farm
Best for service quality - Auto-Owners
Best on a budget - Travelers
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Ohio
When ranking the best overall home insurance companies in Ohio, MoneyGeek scored insurers according to their financial stability, customer satisfaction, claims reputation and affordability.
MoneyGeek found that the overall best home insurance companies in Ohio are:
- State Farm: MoneyGeek score of 86 out of 100
- American Family: MoneyGeek score of 85 out of 100
Because USAA is only for eligible current or former military members and their families, we excluded it from this ranking. However, if you’re eligible, USAA is the best option, scoring 98 out of 100.
MoneyGeek outlined reasons why State Farm and American Family are the best-rated companies in Ohio for home insurance, as well as unique coverages and discounts they offer.
The Top Home Insurance Companies in Ohio
1
State Farm
Score:86
State Farm received a perfect score of 5 out of 5 for financial stability and is above-average for affordability and customer satisfaction. On average, a State Farm home insurance premium in Ohio costs $772 per year. A unique coverage it offers is home systems protection.
More About State Farm
State Farm provides an add-on to get protection if a heating, cooling or water filtration system has a mechanical or electrical breakdown through home systems protection coverage. Also, mold and fungus coverage is available to handle remediation. Both are unique coverages; not many insurers offer them. As for discounts, State Farm offers a significant bundling discount with auto and home.
2
American Family Insurance
Score:85
American Family scored above-average for customer satisfaction, affordability and financial stability. American Family costs roughly $778 per year for home insurance in Ohio. American Family offers equipment breakdown coverage, which is rare.
More About American Family Insurance
You can purchase equipment breakdown add-on coverage for appliances, home systems or smart home devices to cover damage from a mechanical, electrical or pressure systems breakdown. Another rare coverage available is hidden water damage, addressing costs from a leak you cannot see. American Family also offers discounts like protective device and bundling.
HOW WE DETERMINED THE BEST OHIO HOME INSURANCE
MoneyGeek gathered quotes from home insurance companies across the country. We balanced J.D. Power property claims rating and customer satisfaction scores with the quotes for our unique scoring system. That helped us find the best home insurance nationally and in Ohio.
Your premiums and customer experience may vary depending on your unique situation. You can learn more details through MoneyGeek’s methodology.
The Best Homeowners Companies in Ohio for Service Quality
MoneyGeek found the best home insurance companies in Ohio, mainly considering claims experience and customer satisfaction, for homeowners who prioritize service quality, regardless of cost.
For service quality, the best-rated home insurance companies in Ohio are:
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
- American Family: MoneyGeek score of 83 out of 100
For eligible veterans, active military members and their families, USAA is the best option in Ohio, with a perfect score of 100.
MoneyGeek broke down why Auto-Owners Insurance Co and American Family have the highest scores for home insurance service quality in Ohio without considering the cost.
The Top Home Insurance Companies in Ohio for Quality Service
1
Auto-Owners
Score:89
Auto-Owners Insurance Co scores highest for claims experience and is tied second for customer satisfaction, with both scores above-average. Based on its claims ranking, Auto-Owners Insurance Co’s customers have a very good customer service experience when filing a claim.
More About Auto-Owners
Auto-Owners Insurance Co’s off-premises personal property add-on covers any personal property (e.g., laptop) that is damaged while away from home. Another rare coverage you can add is service line, which covers damage to underground piping or wiring connected to your home from a public or private system.
2
American Family Insurance
Score:83
American Family received the third-highest rating for claims experience and tied for second for customer satisfaction. Both scores were above-average. That means the company provides homeowners a quality experience when filing claims and has good policy offerings.
More About American Family Insurance
American Family offers several uncommon add-on coverages. One is matching coverage. If your siding is damaged due to a covered loss, you can be reimbursed for replacing the damaged and undamaged siding to the policy’s limit.
The Best Homeowners Companies in Ohio on a Budget
For on a budget homeowners that want to pay the least amount for home insurance but still get great service, MoneyGeek found the best home insurance providers in Ohio.
The most affordable homeowners insurance companies in Ohio are:
- Travelers: MoneyGeek score of 91 out of 100
- State Farm: MoneyGeek score of 91 out of 100
On average, Travelers costs $487 annually, and a State Farm policy roughly $772 per year.
We did not include USAA in our ranking because it is only available to active or former military, but if you’re eligible, it could be the best option in Ohio for home insurance, scoring 95 out of 100.
MoneyGeek reviewed why Travelers ranked highest for homeowners insurance in Ohio if you’re looking to save money on a budget and the unique coverages and discounts it offers.
The Top Home Insurance Companies in Ohio on a Budget
pros
Offers the cheapest home insurance policy at around $487 per year
Discounts for bundling with auto, being claims-free or having a protective device
cons
No new home or renovated home discounts
MoneyGeek satisfaction rating of 3.6 out of 5
COMPANY HIGHLIGHTS
Travelers garnered a MoneyGeek score of 5 out of 5 for affordability. It offers the most affordable home insurance premium on average in Ohio and provides unique and common discounts.
Bundling home and auto insurance policies with Travelers gets you a discount. You can also get a discount if you have been claims-free for a period of time or have a protective device, such as interior sprinklers or fire alarms.
Rare discounts available through Travelers include having purchased your home in the 12 months before the policy’s effective date and having a certified green home.
The Best Homeowners Companies in Ohio for Expensive Homes
Ohio homeowners with high-value homes need extra protection since it costs more to repair or rebuild. MoneyGeek weighed the cost of a $2 million policy against customer satisfaction to help you find the best insurers in Ohio for an expensive home.
In Ohio, the best-rated homeowners insurance companies for expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- Erie: MoneyGeek score of 84 out of 100
USAA garnered a perfect score of 100, making it the best option in Ohio for eligible veterans, current military members and their families. We excluded it from our ranking because of its restrictions.
MoneyGeek listed reasons why State Farm has the highest ranking for expensive homes and evaluated its various unique coverages that may be of interest to homeowners who need expanded coverage.
The Top Home Insurance Companies in Ohio for High-Value Homes
pros
MoneyGeek satisfaction rating of 4.1 out of 5
cons
For affordability, ranks in the bottom half of Ohio companies, costing around $8,342 annually
No extended reimbursement or contents replacement cost coverages
COMPANY HIGHLIGHTS
State Farm is tied for first on customer satisfaction but ranks sixth for affordability. Even if State Farm doesn’t rank high in affordability for an expensive home, its great customer satisfaction ranking makes it a solid choice for homeowners who need extra attention.
State Farm offers add-on coverages that may fit individuals with high-value homes. Scheduled personal property coverage can extend protection for valuables like jewelry, silver, goldware, and firearms. The identity theft and cyber event add-on reimburses for expenses associated with restoring your identity and losses from fraud.
The Best Homeowners Companies in Ohio for Veterans
MoneyGeek discovered that USAA is the best home insurance company in Ohio for veterans, active military members and their families. USAA received a MoneyGeek score of 98 out of 100.
The average price of a home insurance policy with USAA is $895 annually in Ohio. Because USAA tailors policies to active and former military families, it provides a unique customer experience.
The Top Home Insurance Companies in Ohio for Veterans
pros
Tailors coverage to military members, veterans and their families
Perfect MoneyGeek satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.6 out of 5
cons
If you don’t have a military background, you can’t purchase a USAA policy
COMPANY HIGHLIGHTS
USAA ranked highest in customer satisfaction and above-average for affordability, making it an excellent choice for homeowners insurance in Ohio for veterans or others with a military affiliation.
Every USAA policy includes contents replacement cost coverage, which does not consider depreciation when reimbursing for personal belongings. Another rare coverage is home rental, which covers you and your guests if you rent out your home. As for discounts, you can save by bundling with auto, remaining claims-free or if you have a protective device.
The Best Homeowners Companies in Ohio for Bundling
Bundling your home and auto insurance policies saves you money. You can find the best car insurance in Ohio to pair with the best home insurance policy because MoneyGeek ranked the best home and auto insurance bundles in Ohio.
The companies offering the best bundling of home and auto policies in Ohio are:
- State Farm: MoneyGeek score of 86 out of 100
- Allstate: MoneyGeek score of 81 out of 100
If you choose to bundle home and auto insurance policies, you get discounts and have the added convenience of managing your insurance needs with only one company.
The Top Home Insurance Companies in Ohio for Bundling
pros
Home MoneyGeek score of 4.3 out of 5
28% discount for bundling home and auto
cons
Auto MoneyGeek score of 3.96 out of 5
COMPANY HIGHLIGHTS
As the top-rated insurance provider for bundling, State Farm ranks high for home insurance, nearly above-average for auto, and offers a huge 28% discount if you bundle your auto and home insurance policies.
You can add unique coverages to your auto or home insurance policy with State Farm. For home, you can get the energy efficiency upgrade coverage, loss assessment if you have an HOA or vacancy coverage.
For auto policies, State Farm offers rideshare insurance that keeps all your coverages in effect when you’re waiting for a customer and all but liability, like roadside assistance and medical, when transporting a customer.
How to Find the Best Home Insurance in Ohio
The best home insurance company in Ohio balances cost, service reputation and financial stability. MoneyGeek collected the information for you to make the process easier, but you can go through it yourself as well. Here’s how.
1
Research Customer Service Reputations in Ohio
Researching customer service reputations can be time-consuming, so MoneyGeek did the work for you. But check J.D. Power satisfaction scores and NAIC complaint ratios in Ohio for the companies you are considering for home insurance if you wish. You can also find information with the Ohio Department of Insurance.
2
Compare Quotes for Yourself
MoneyGeek utilized sample homeowner profiles in Ohio to collect average home insurance quotes for many areas, but not every part of the state. To get an idea of your home insurance costs, gather and compare quotes from at least three different insurers.
3
Make Sure the Company Has Coverages You Want in Ohio
Even if an insurer is present in Ohio, it may not offer the coverages and discounts you want in your area. Be sure to check if the company offers the coverages and discounts you require.
4
Double-Check Financial Stability Ratings
You should check the financial strength of an insurance provider before purchasing a policy. Generally, larger insurance companies are financially stronger, while regional insurance companies in Ohio may have less stability.
FAQs About the Best Home Insurance in Ohio
Your needs should determine which home insurance company in Ohio is the best for you. MoneyGeek answers some commonly asked questions below about homeowners insurance in Ohio.
State Farm is the best overall home insurance company in Ohio. But, if you are on a budget, Travelers is a great choice. And if you want the best customer service, Auto-Owners Insurance Co ranked highest. For veterans or military families, USAA is the top choice.
For homeowners on a budget, the best and cheapest insurer is Travelers. On average, a Travelers home insurance policy costs $487 annually. But remember, you might not get the best customer service if you only focus on cost. But if you’re prioritizing savings, you can browse Ohio’s cheapest home insurance companies.
Expert Advice on Home Insurance in Ohio
- How do regulations and laws in your state impact the amount or type of coverage a homeowner should buy?
- Are there any environmental factors homeowners should consider when selecting a home insurance plan in your state?
Roc Starks
Associate Teaching Professor at Bowling Green State University, CIC, CRM, ARM, MBA
Methodology
MoneyGeek scores for homeowners insurance in Ohio were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Ohio that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Ohio. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.
About Mark Fitzpatrick
