As a homeowner in Ohio, you don’t need to worry much about natural disasters. And, as a result of this, the average premium rate is on the lower side. The average annual homeowners insurance premium rate in Ohio is $819; almost $300 less than the nation’s average. Did you know that Ohio is ranked at number 7 in the race to become the least expensive state in the U.S. for homeowners insurance?
That said, premium rates keep fluctuating and depend on several factors such as the size of your home, the exact location, and more. Also, you can’t just pick any random homeowners insurance provider in Ohio; you should know their financial stability rating, their claim processing speed, and overall customer happiness score. That’s exactly what we’re bringing to the table through this post.
Here, we’ll list the top 5 homeowners insurance companies in Ohio, and talk about each briefly. We’ll also discuss some other important factors that you should consider while choosing the best homeowners insurance company.
Top 5 Homeowners Insurance Companies in Ohio
Let’s look at the top 5 homeowners insurance providers in Ohio!
If there’s something that really sets Allstate apart from the other homeowners insurance companies in Ohio, it’s the company’s excellent customer service. Not only the customer care team; their site is also equipped with valuable information and tools for homeowners. If you’re new to the home insurance space; you’ll simply love their online resources.
Allstate’s robust online quote feature allows you to choose from 3 types of policies: standard, choice, and premium. Therefore, you can easily compare policy coverages, premium prices, and add-ons. Under the premium policy, you’ll be covered for identity theft, you’ll receive reimbursement for “green” innovations in your home, there will be fewer deductibles, and you’ll be provided with higher levels of property protection.
Allstate has received an “A+” rating from A.M. Best for financial stability, and a 3 out of 5 score for customer service by J.D. Power.
When it comes to customer satisfaction, Nationwide has received the highest ever score from Consumer Reports. Homeowners in Ohio are preferring Nationwide over other homeowners insurance companies because of their fast claim processing system, and highly responsive insurance agents. So, if you don’t like your work getting delayed at all; leave all other options, and buy your homeowners insurance from Nationwide.
The only minor issue with their site is the online quote tool which is a little cumbersome. When it comes to the premium price, Nationwide offers limited discounts but lucrative and affordable premium rates. You can insure your house for its replacement value or cash value.
State Farm is the most popular homeowners insurance provider in Ohio with almost 22% of the market share. Their financial stability ratings are great, and the overall customer satisfaction scores are unbeatable. Their online quote tool is user-friendly, and the “360Value” tool that allows you to check the replacement value of your home is drawing potential homeowners insurance buyers to their site.
On State Farm’s site, you’ll find lucrative deals and discounts, great premium prices, and exciting policy coverage options.
Liberty Mutual has received a 3 out of 5 score for customer happiness by J.D. Power, a Readers Score of 83 by Consumer Reports, and an “A” rating for financial strength by A.M. Best. Their services are the best out of the lot. They offer “24x7 Emergency Repair Services” for homeowners in Ohio. They also have a special “Catastrophe Management” unit for faster claim processing in the event of natural disasters.
The quotes offered by Liberty Mutual are some of the most affordable quotes, all thanks to the massive discount offers.
Grange Mutual is a local homeowners insurance company in Ohio. Instead of hiring resources, they work with independent insurance agents to sell their home insurance policies. So, you don’t need to contact the company for quotes and coverage option; you can directly contact the agents for all the information you need.
The education resources and information on Grange Mutual’s site are as good as the online resources by large homeowners insurance companies in Ohio. Since they’re a small company, they’ve not been rated by the big players such as J.D. Power, Moody’s, A.M. Best, etc. However, they claim processing services are fast, and you can rest assured that they’ll have money to settle your claim in the event of a natural disaster. The only issue that you may face with the company is that the independent agents take some time to respond to the queries. You may have to wait for a few days until your query is answered.
Additional Considerations Before You Commit to a Homeowners Insurance Carrier
Even though you’ve identified the top 5 homeowners insurance providers in Ohio, there are a few other factors you need to consider to pick the one that suits you the best. These include:
- Check if your Ohio homeowners insurance policy covers dog bites. In case you didn't know, Ohio ranks among the top 10 states in the U.S. with maximum dog bite cases every year. Dog bites are typically covered by the liability part of your homeowner’s insurance. If your home insurance policy does not include dog bites, you can look at an umbrella policy for additional coverage.
- Compare the premium rates by different homeowners insurance companies in Ohio before you settle for one.
- Talk to other homeowners in Ohio, and request for their feedback on the top 5 homeowners insurance providers mentioned in the post.
If you’re currently evaluating your options for homeowners insurance on your next property in Ohio, a good first step is to connect with an experienced local real estate agent.
Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.
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