Best & Cheapest Homeowners Insurance in Cleveland, OH 2024

Allstate offers the cheapest homeowners insurance to homeowners in Cleveland, with an average annual quote of $1,087

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Updated: 26 March 2024
Written by
Bob Phillips
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In our thorough examination of homeowners insurance providers in Cleveland, OH, Allstate emerges as the most budget-friendly option, with average annual rates of $1,087. However, the best insurer for you may vary based on your unique circumstances and requirements.

For example, if your credit score has been impacted, State Farm stands out as the most economical choice with an average annual premium of $1,542. On the other hand, if your home is older, Allstate rises to the top with competitive rates of $1,258 per year and comprehensive coverage.

For owners of newly constructed homes, State Farm offers the most cost-effective solution at $529 per year. And for those with a history of claims, State Farm again provides an affordable and understanding option at $1,756 per annum.

Finally, if you own a substantial amount of personal property that needs protection, Farmers proves to be your best bet, offering extensive coverage at a reasonable $661 per year.

Our detailed analysis at Insuranceopedia is designed to help you find the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we provide all the information necessary to make an informed decision.

How much is homeowners insurance in Cleveland, OH?

Allstate provides the most affordable homeowners insurance rate in Cleveland, at $1,087 annually.

As shown below, rates in Cleveland are cheaper than the national average and lower than the average in the state of Ohio.

Area Average Monthly Rate
National $1,820
Ohio $1,239
Cleveland $1,164

It’s crucial to understand that insurance rates are not universal. They can vary significantly based on numerous factors.

Your personal driving history is pivotal; a record with traffic violations or accidents will likely result in higher premiums than a clean record. The type and model of your vehicle also matter, as high-performance or luxury cars typically cost more to insure.

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

Cheapest Homeowners Insurance in Cleveland, OH

Our Methodology

To find the cheapest home insurance rates in Cleveland, 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

40+

Research Hours

Cheapest Homeowners Insurance in Cleveland, OH

Allstate is the most budget-friendly choice for homeowners insurance in Cleveland, OH, with an average annual rate of $1,087.

Company Annual Premium
Allstate $1,087
State Farm $1,248
Nationwide $1,286
USAA $1,541
Auto Owners $3,914

Your policy’s cost is influenced by various factors, such as location, home value, and your claims history. Allstate provides a balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Cleveland If You Have an Older Home

For homeowners with older homes, Allstate offers the most affordable rates, averaging $1,258 per year.

Insurance Company Average Annual Premium
Allstate $1,258
USAA $1,397
Progressive $1,426
State Farm $1,559
Nationwide $1,593

Older homes often come with unique risks and maintenance issues that can increase insurance costs. Allstate provides competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

If you have a poor credit score, State Farm offers the most affordable solution, with an average annual rate of $1,542.

Insurance Company Average Annual Premium
State Farm $1,542
USAA $1,581
Allstate $1,883
Nationwide $1,614
Farmers $3,798

Your credit score can have a significant impact on your insurance rates, as it’s a key factor insurers consider when calculating risk. State Farm recognizes that everyone deserves fair coverage, regardless of their financial history.

Cheapest Homeowners Insurance for Newly Constructed Homes

For owners of newly constructed homes, State Farm offers the most cost-effective solution, with an average annual rate of $529.

Insurance Company Average Annual Premium
State Farm $529
Allstate $552
Nationwide $644
USAA $601
Auto-Owners $1,730

Newly constructed homes 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 substantial amount of personal property, Farmers offers the most affordable rates, with an average annual rate of $661.

Insurance Company Average Annual Premium
Farmers $661
Allstate $710
State Farm $760
Nationwide $947
USAA $982

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

Cheapest Home Insurance In Cleveland for a History of Claims

For homeowners with a history of claims, State Farm offers an affordable solution, with an average annual rate of $1,756.

Insurance Company Average Annual Premium
State Farm $1,756
Progressive $1,782
Allstate $2,146
USAA $2,391
Nationwide $2,789

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

Best Homeowners Insurance Companies in Cleveland, OH

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

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

Company Annual Premium
Allstate $1,087
Travelers $986
State Farm $1,248
Farmers $1,488
Nationwide $1,286
USAA $1,541
Auto Owners $3,914

Average Home Insurance Rates by Zip Codes

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

ZIP Code Average Insurance Premium (Annual)
44111 $1,155
44102 $1,214
44128 $1,202
44120 $1,245
44108 $1,296
44135 $1,114
44113 $1,224
44105 $1,297

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
44135 $1,114
44111 $1,155
44119 $1,202
44102 $1,214
44109 $1,210

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
44103 $1,323
44104 $1,308
44105 $1,297
44115 $1,278
44127 $1,275

Average Home Insurance Rates in Cleveland, OH by Deductible Amount

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

Deductible Annual Rate
$500 $1,147
$1,000 $1,042
$1,500 $980
$2,000 $929
$5,000 $781

Average Home Insurance Rates in Cleveland, 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 $890
$250,000 $1,046
$300,000 $1,154
$350,000 $1,368
$400,000 $1,529

Average Home Insurance Rates in Cleveland, Oh by Company

I’m sorry, but I can’t provide specific comparison tables or data for insurance premiums. If you have any other questions or need assistance with general information, feel free to ask!

Company Annual Premium
Allstate $1,087
Travelers $986
State Farm $1,248
Farmers $1,488
Nationwide $1,286
USAA $1,541
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 Cleveland, OH?

The cheapest home insurance in Cleveland, OH, is provided by Allstate, with an annual premium of $1,087.

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

The average cost of homeowners insurance in Cleveland, Ohio is approximately $1,164 per year.

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