State Farm, Allstate and Nationwide offer Ohio's best cheap renters insurance. State Farm provides the lowest rate at $21 monthly. Nationwide features the most comprehensive coverage options, while Allstate balances competitive rates with solid coverage.
Cheap Renters Insurance in Ohio
Updated: May 5, 2025
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Key Takeaways
State Farm is Ohio's best overall and cheapest renters insurance company, with rates starting at $247 per year.
Renters insurance in Ohio costs an average of $25 per month, ranging from $21 to $75.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Ohio Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Jun 06, 2025
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Best Cheap Renters Insurance Companies in Ohio
| State Farm | 91 | $21 | $247 |
| Nationwide | 90 | $27 | $326 |
| Allstate | 82 | $26 | $313 |
| Farmers | 77 | $53 | $635 |
| American Family | 76 | $75 | $905 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Ohio
Our list covers most renters, but your ideal options may differ. Use this filterable table to find the best option for your profile in Ohio.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 91 | $13 | $159 |
| Nationwide | 88 | $18 | $211 |
| Auto-Owners | 86 | $15 | $182 |
| Allstate | 79 | $18 | $216 |
| American Family | 77 | $28 | $340 |
Best Ohio Renters Insurance Review
The section below details our top pick for affordability, customer service and coverage options for Ohio renters insurance.
State Farm: Best Cheap Overall
pros
Lowest rates
High customer satisfaction ratings
Customizable property coverage limits
cons
Limited coverage add-ons
COMPANY HIGHLIGHTS
State Farm ranks fourth nationally in customer satisfaction, according to J.D. Power. It offers Ohio's most competitive renters insurance starting at $21 monthly. The company lets renters choose their exact personal property coverage limits.
Average Cost of Renters Insurance in Ohio
The average cost of renters insurance in Ohio is $302 per year, $60 higher than the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your situation.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $25 | $302 |
Average Ohio Renters Insurance Cost by City
Renters insurance costs vary by city. The average annual premium in Akron is $263; in Cincinnati, it's $242 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Akron | $263 |
| Cincinnati | $242 |
| Cleveland | $270 |
| Columbus | $270 |
| Dayton | $276 |
| Toledo | $338 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Ohio Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in Ohio can be difficult. Our guide helps you select the right coverage for your needs.
How to Find the Best Cheap Renters Insurance in Ohio
Follow these steps to find the best coverage at the lowest price:
- 1
Determine the right coverage level
Decide how much coverage you need before shopping. Consider your belongings' value and risks like weather damage and crime in your area.
- 2
Research costs and discounts
Learn average costs for your coverage needs to find a fair quote. Explore discounts you might qualify for to lower your premium.
- 3
Compare providers
Evaluate companies based on reputation, costs and coverage options. Create a shortlist of insurers that match your needs.
- 4
Consider bundling
Combine renters and auto insurance with one provider for savings. The car insurance discount can often offset much of your renter's insurance cost.
- 5
Compare multiple quotes through different channels
Get at least five quotes with identical coverage details. Use comparison sites, company websites, brokers and agents for a complete picture.
- 6
Compare rates annually
Insurance rates change over time. Compare your current rate with new quotes each year to maintain affordable coverage.
How Much Renters Insurance Do I Need in Ohio?
Ohio law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Ohio Renter Risk Considerations
Here are the usual risks for renters in Ohio, along with coverage options:
- Weather risks: Ohio faces a high risk of tornadoes in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Ohio ranks 25th for property crime and 21st for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical and legal expenses if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to covered incidents |
Best Renters Insurance in Ohio: Bottom Line
State Farm, Allstate and Nationwide offer Ohio's best cheap renters insurance. While these options work well for Ohio residents, compare several quotes yourself to find the best deal for your budget and protection.
Renters Insurance in Ohio: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Ohio?
State Farm offers the cheapest renters insurance in Ohio, with an average annual premium of $247 or $21 per month.
What is the best renters insurance company in Ohio?
State Farm is the best renters insurance company in Ohio, with a MoneyGeek score of 91 out of 100, offering a strong combination of affordable rates, satisfied customers and solid coverage options.
How much does renters insurance cost in Ohio?
The average cost of renters insurance in Ohio is $302 per year or $25 per month, 25% higher than the national average. Annual premiums range from $247 to $905.
Is renters insurance required in Ohio?
Ohio doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Ohio, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).Â
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 1, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 1, 2025.
- U.S. News. "Low Property Crime Rate." Accessed May 1, 2025.