Best & Cheapest Homeowners Insurance in Cincinnati, OH For April, 2024

Sate Farm offers the cheapest homeowners insurance to homeowners in Cincinnati, with an average annual quote of $702

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Updated: 12 March 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Cincinnati, OH, State Farm emerges as the most budget-friendly option, with average annual rates of $702. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, USAA stands out as the most economical choice with an average annual premium of $1,826. In contrast, if your home is on the older side, Auto-Owners rises to the top with its competitive rates of $1,179 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, State Farm again offers the most cost-effective solution at $532 per year. And for those who’ve had a history of claims, State Farm  still provides an affordable and understanding solution at $1,509 per annum.

Last, if you possess a wealth of personal property that needs protection, Allstate again proves to be your best bet, offering extensive coverage at a reasonable $734 per year.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Cincinnati, OH?

State Farm offers the most affordable rate for homeowners insurance in Cincinnati at $702 annually.

As you can see below, rates in Cincinnati are lower than the National average. They are also lower than the Ohio State average.

Area Average Monthly Rate
National $1,820
Ohio $1,239
Cincinnati $1,184

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

For instance, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Cincinnati, OH 2024

Cheapest Homeowners Insurance, Cincinnati, 2024

Our Methodology

To find the cheapest home insurance rates in Cincinnati, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

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Research Hours

Cheapest homeowners insurance in Cincinnati, OH

State Farm emerges as the cheapest overall option for homeowners insurance in Cincinnati, OH, with an average annual rate of $702.

Company Annual Premium
State Farm $702
Nationwide $831
Allstate $714
USAA $904
Auto Owners $2,498

The cost of your policy is influenced by many factors, including location, home value, and your claims history. State Farm offers a balanced blend of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Cincinnati If You Have an Older Home

For those with older homes, Auto Owners offers the cheapest rates, averaging $1,179 per year.

Insurance Company Average Annual Premium
Auto Owners $1,179
USAA $1,340
Progressive $1,590
State Farm $1,245
Nationwide $1,436

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. Auto Owners offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, USAA provides the most affordable solution, with an average annual rate of $1,826.

Insurance Company Average Annual Premium
USAA $1,826
Nationwide $1,870
State Farm $2,094
Erie $2,265
Auto Owners $9,717

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. USAA understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution, with an average annual rate of $532.

Insurance Company Average Annual Premium
State Farm $532
Allstate $540
Nationwide $649
USAA $584
Auto-Owners $1,842

New constructions often require different coverage compared to older homes, and State Farm excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Allstate offers the cheapest rates, with an average annual rate of $734.

Insurance Company Average Annual Premium
Allstate $734
USAA $917
Nationwide $959
Farmers $970
Auto Owners $2,740

The more personal property you have, the higher your coverage needs, which can increase premiums. Allstate provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Cheapest Home Insurance In Cincinnati for a History of Claims

For homeowners with a history of claims, State Farm provides an affordable solution, with an average annual rate of $1,509.

Insurance Company Average Annual Premium
State Farm $1,509
Progressive $1,894
Allstate $1,521
USAA $2,270
Nationwide $2,389

A history of claims can raise red flags for insurers, often leading to higher premiums. However, State Farm believes in second chances and offers reasonable rates for those with past claims.

Best Homeowners Insurance Companies in Cincinnati, OH

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Cincinnati’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Cincinnati, OH. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
Erie $1,130
Farmers $1,387
State Farm $702
Nationwide $831
Allstate $714
USAA $904
Auto Owners $3,914

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Cincinnati, OH can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Cincinnati, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
45211 $1,258
45237 $1,273
45230 $1,198
45238 $1,217
45205 $1,307
45219 $1,266
45227 $1,214
45208 $1,195

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
45267 $1,170
45235 $1,159
45221 $1,157
45209 $1,199
45230 $1,198

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
45214 $1,290
45225 $1,296
45203 $1,297
45229 $1,288
45232  $1,307

Average Home Insurance Rates in Cincinnati, OH by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Cincinnati, OH. Here’s how the average home insurance rates fluctuate  for different deductible amounts:

Deductible Annual Rate
$500 $1,649
$1,000 $887
$1,500 $940
$2,000 $884
$5,000 $739

Average Home Insurance Rates in Cincinnati, OH By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $980
$250,000 $1,046
$300,000 $1,271
$350,000 $1,368
$400,000 $1,917

Average Home Insurance Rates in Cincinnati, OH by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Cincinnati:

Company Annual Premium
Erie $1,130
Farmers $1,387
State Farm $702
Nationwide $831
Allstate $714
USAA $904
Auto Owners $3,914

How Much is Homeowners Insurance for Other Cities in Ohio?

The following is a  detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in Ohio.

City Annual Premium
Amelia $1,145
Avon $967
Hartville $1,060
Louisville $1,022

Getting Online Homeowners Insurance Quotes in Ohio

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Cincinnati, OH?

The cheapest home insurance in Cincinnati, OH, is provided by State Farm, with an annual premium of $702.

What is the average cost of home insurance in Cincinnati, OH?

The average cost of homeowners insurance in Cincinnati, Ohio is approximately $1,184 per year.

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