Ohio Homeowners Insurance Calculator: Free Cost Estimator (2024)


ByMark Fitzpatrick
Edited byKathryn Schroeder
ByMark Fitzpatrick
Edited byKathryn Schroeder

Updated: May 22, 2024

Advertising & Editorial Disclosure

0

Low

0

Average

0

High

Edit your information

Home Insurance Calculator

MoneyGeek's home insurance calculator will give you a customized estimate of your home insurance costs. It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Jun 24, 2024

Edit your information

User Info
California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000
Shield Insurance

Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Insurance Carrier

Ave. Premium Amount Monthly

Edit your information

Shield Insurance

Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

User Info
California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000
mglogo icon
MONEYGEEK EXPERT TIP

When buying homeowners insurance, the premium cost may be the most important consideration. To help residents find the cheapest homeowners insurance in Ohio, MoneyGeek did the research. Overall, Travelers has the lowest rate.

For those looking to find the most suitable policy based on budget and customer service quality, we uncovered the best homeowners insurance companies in Ohio.

How to Estimate the Cost of Your Homeowners Insurance Policy in Ohio

MoneyGeek’s homeowners insurance calculator for Ohio estimates the monthly premium, which will give you an idea of potential costs when you buy homeowners insurance.

Our tool calculates the premium based on your preferred dwelling coverage, chosen deductible and other various factors, including credit score. Simply input your data to get started.

    ohio icon

    Ohio

    The cost of homeowners insurance may fluctuate depending on where you live in Ohio. Insurance providers consider the risk of theft, natural disasters and fire, among other things, when calculating your homeowners insurance policy cost.

    mortgage icon

    Dwelling Coverage

    The average dwelling coverage amount in Ohio is $100,000.

    However, your dwelling coverage may be higher or lower depending on the amount you might need to rebuild your home in case of a total loss. An appraiser best determines it.

    money2 icon

    Deductible

    The deductible is the amount you need to pay out-of-pocket before your homeowners insurance kicks in for a claim.

    The higher the deductible, the lower your premium. But with a lower deductible, the premium goes up.

    briefcase icon

    Liability

    In case of injuries that occur inside your property or damages to someone’s property, you want to make sure that you are protected against legal fees, replacement costs and even medical bills by getting liability insurance.

    tvSet icon

    Personal Property

    The items inside your home are valuable, too. That is why you need personal property coverage to protect against expenses to replace damaged or lost items like furniture, clothing, etc.

    fairCredit icon

    Credit Score

    People with bad credit may be more likely to file insurance claims. Insurance providers look at your credit report when calculating your home insurance cost. Good credit can help you find cheaper insurance, whereas bad credit can make it harder to find affordable options.

clothing

Total: $0


Loading...

Average Cost of Home Insurance in Ohio

A homeowners insurance policy with $250,000 dwelling coverage in Ohio costs around $1,705 per year. That is roughly 29% less than the national average of $2,417 per year.

To see how much it costs if you need a lower or higher dwelling coverage amount, compare average costs for different dwelling coverages in Ohio in the table below.

Average Annual Premium in Ohio for Homeowners Insurance
$100,000Average Annual Premium$1,526
$250,000Average Annual Premium$1,705
$500,000Average Annual Premium$4,474
$750,000Average Annual Premium$6,738
$1,000,000Average Annual Premium$9,806
$2,000,000Average Annual Premium$21,635
$3,000,000Average Annual Premium$33,519
mglogo icon
MONEYGEEK EXPERT TIP

Dwelling coverage refers to the amount you choose in a homeowners insurance policy to cover the cost of repairing your home or reconstructing it in case of a total loss. Knowing exactly how much dwelling coverage you need is determinable by an appraiser who assesses your property’s height, square footage, building materials and other factors.

Having too little dwelling coverage could result in having to pay extensive costs yourself if your home experiences severe damage or must be completely rebuilt.

Aside from dwelling coverage, you need to choose an amount for your personal property coverage. That will cover the contents of your home, like furniture, electronics and clothing.

Average Cost of Home Insurance in Ohio Cities

Homeowners insurance costs are likely to vary based on where you live. Insurance rates differ not just from state to state but also within it. MoneyGeek shows the difference in premium cost for some cities in Ohio below.

Average Annual Premium in Ohio Cities for Homeowners Insurance
AkronAverage Annual Premium ($100K Dwelling Coverage)$2,192Average Annual Premium ($250K Dwelling Coverage)$3,709
CincinnatiAverage Annual Premium ($100K Dwelling Coverage)$1,420Average Annual Premium ($250K Dwelling Coverage)$1,603
ClevelandAverage Annual Premium ($100K Dwelling Coverage)$1,352Average Annual Premium ($250K Dwelling Coverage)$1,522
ColumbusAverage Annual Premium ($100K Dwelling Coverage)$1,453Average Annual Premium ($250K Dwelling Coverage)$1,740
ToledoAverage Annual Premium ($100K Dwelling Coverage)$1,542Average Annual Premium ($250K Dwelling Coverage)$1,686
mglogo icon
MONEYGEEK EXPERT TIP

Based on MoneyGeek’s research, Allstate offers the best homeowners insurance nationwide. If money is not a concern, you might want to spend a little more in exchange for the quality of service it provides.

Comparing homeowners insurance quotes lets you know what company offers the best price for your needs. MoneyGeek found the best homeowners insurance companies for various profiles, such as military families, people with expensive homes and those who want the best online tools to manage their policies.

Frequently Asked Questions About Home Insurance in Ohio

MoneyGeek answered frequently asked questions about homeowners insurance in Ohio to help you.

How much does homeowners insurance cost in Ohio?
How do I know how much dwelling coverage to get?

Methodology

To determine the average cost of homeowners insurance in Ohio, MoneyGeek sourced pricing data from Quadrant Information Services.

MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:

  • Construction year: 2000
  • Construction type: Frame
  • Composition roof
  • Three-mile radius from a fire department
  • Assumed value of other structures on the property: 10% of the dwelling coverage
  • Personal property coverage: 40% of the dwelling coverage
  • Liability limit: $100,000
  • Deductible: $1,000

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.