Best Cincinnati Homeowners Insurance Quotes (2024)

Buckeye Insurance offers some of the cheapest homeowners insurance policies in Cincinnati, with annual premiums starting at $634.

Anna Baluch
Written byAnna Baluch
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Anna BaluchInsurance Writer
  • 4+ years writing insurance and personal finance content

  • MBA from Roosevelt University

Anna leverages her personal finance and insurance knowledge to create educational content that helps people make smart financial decisions.

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Katie Powers
Edited byKatie Powers
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Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Updated August 7, 2024

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Cincinnati homeowners pay an average of $1,346 per year for home insurance with a $1,000 deductible and $300,000 in dwelling coverage, according to Insurify data. This is significantly lower than the national average of $2,377 per year for the same coverage.

While Cincinnati has affordable homeowners insurance, a standard policy that protects your home and belongings doesn’t cover flood damage. If your home is at risk for flooding, you may want to invest in additional flood insurance.

Here’s what you need to know about home insurance in the Queen City.

Quick Facts
  • Buckeye Insurance, Ohio Mutual Insurance, and Westfield Insurance offer Cincinnati homeowners home insurance policies with yearly premiums of less than $1,000.

  • Cincinnati residents can purchase flood insurance from the National Flood Insurance Program.[1]

  • Homeowners insurance in Cincinnati with a $500 deductible and $300,000 in dwelling coverage costs an average of $1,410 per year — slightly more than a policy with a $1,000 deductible.

Best home insurance companies in Cincinnati

Several of the leading homeowners insurance companies serve Cincinnati residents. The right homeowners insurance company for you will depend on your particular budget, needs, and preferences.

To help you start your search, here are four of the best homeowners insurance companies in Cincinnati.

Insurance Company
Average Annual Premium
Best For
Buckeye Insurance$634Cheapest rates
Ohio Mutual Insurance$876Veterans
American Family$920Home-based businesses
Cincinnati Insurance$930Personalized service

Cheapest rates: Buckeye Insurance

Buckeye Insurance has some of the lowest premiums for home insurance policies in Cincy. The company has average annual rate much lower than the state and national averages. Buckeye Insurance also offers helpful add-ons, like service line coverage and equipment breakdown coverage.

Pros
  • Cheapest premiums in the city

  • Multiple add-ons available

Cons
  • No advertised discounts

  • Quotes not available online

Best insurer for veterans: Ohio Mutual Insurance

About 5% of Cincinnati residents in Queen City are veterans. If you’re a veteran in the area, you may want to explore Ohio Mutual Insurance. The insurer offers a veteran discount that can help you score a lower premium. Plus, you can choose from a long list of additional coverage options and work with a local insurance agent to zero in on the ideal home insurance policy for your unique situation.

Pros
  • Local insurance agents

  • Wide selection of add-ons

Cons
  • Not rated by J.D. Power for customer satisfaction

  • No bundling discount advertised

Best insurer for residents with home-based businesses: American Family

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$78/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$103/mo

If you own a home-based venture in Cincy, American Family should be on your radar because of its home business coverage. Through this add-on, you’ll receive extra protection for your small business that you run out of your home. You can quickly get a quote online and manage your policy on the go with the convenient MyAmFam mobile app.

Pros
  • Quotes available online

  • Highly rated mobile app

Cons
  • Must work with an insurance agent to finalize your policy

  • Higher premiums than some insurers

Best insurer for personalized service: Cincinnati Insurance

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
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JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated

Cincinnati Insurance Company has independent insurance agents who work with Cincinnati residents in search of the perfect home insurance policy. If you’d like personalized service through a local independent agent, this home insurance company may be a good fit.

Cincinnati Insurance offers the Executive Homeowner Policy for homes of all values and the Executive Capstone Policy or Executive Classic Policy for higher-value properties.

Pros
  • Local independent agents sell coverage

  • Special policies for high-value homes

Cons
  • No advertised discounts

  • Not rated by J.D. Power

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Cheapest home insurance in Cincinnati

If your goal is to land the cheapest home insurance coverage in Cincinnati, Buckeye Insurance is your best bet. On average, Cincy policyholders with coverage from Buckeye Insurance pay $634 per year for $300,000 in dwelling coverage.

The table below highlights the cheapest home insurance companies in Cincinnati. The average annual premiums reflect the cost for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

Insurance Company
Average Annual Premium
Buckeye Insurance$634
Ohio Mutual Insurance$876
Westfield$920
American Family$930
Allstate$936
Grange Mutual$951
Erie$1,075
Cincinnati Insurance$1,079
Hastings Mutual Insurance$1,090
Auto-Owners$1,151
Armed Forces Insurance Exchange$1,232
Western Reserve$1,301
USAA$1,357
Nationwide$1,370
State Farm$1,390
Travelers$1,397
ASI$1,406
Motorists Mutual$1,409
Frankenmuth Mutual$1,459
Farmers$1,720

Cost of homeowners insurance in Cincinnati

The average cost of homeowners insurance with $300,000 in dwelling coverage in Cincinnati is $1,346 for a policy with a $1,000 deductible and $1,410 with a $500 deductible.

Various factors will determine your rate, including your preferred coverage level, the value of your personal belongings, the size of your home, the deductible you choose, and your history with home insurance claims.

Cost of homeowners insurance by dwelling coverage amount

If your Cincinnati property sustains damage from a covered loss, it’s important that you have enough dwelling coverage to rebuild it. Your home’s age, square footage, number of stories, and interior features will dictate the right dwelling coverage amount. Higher dwelling coverage will result in more expensive home insurance rates.

Here’s a look at how different dwelling coverage levels in Ohio may affect annual home insurance premiums. Rates shown are for home insurance policies with a $1,000 deductible.

Coverage Limit
Average Annual Premium
$100,000$723
$200,000$1,029
$300,000$1,342
$400,000$1,697
$500,000$2,056

Cost of homeowners insurance by deductible

Your home insurance deductible is how much you’ll owe out of pocket after a covered loss before your policy applies and takes care of the rest. A higher deductible will lead to cheaper premiums, but you’ll need to ensure you have the funds to cover higher out-of-pocket costs after you file a claim for an insured event.

This table shows how deductible amounts affect annual home insurance rates in Cincinnati for policies with $300,000 in dwelling coverage.

Deductible Amount
Average Annual Premium
$500$1,410
$1,000$1,346

How to get cheap homeowners insurance in Cincinnati

Follow these tips to land cheaper home insurance in Cincinnati:

  • Shop around. It’s a good idea to get quotes from at least three different home insurance companies in Cincinnati. Compare premiums, coverage options, deductibles, dwelling limits, customer service, and financial stability to find the best policy and right coverage.

  • Look for discounts. Most home insurers offer discounts that can help you save money on your homeowners insurance coverage. A green-home discount, loyalty discount, and veterans discount are a few examples of the common discounts available.

  • Bundle home coverage. If you need another insurance policy, such as car insurance, condo insurance, renters insurance, or life insurance, bundle it with your home insurance. Many homeowners insurance companies offer discounts to people who purchase multiple policies and products from them.

  • Increase your deductible. Choose a higher deductible to lower your home insurance costs. This is a particularly good option if you have substantial savings or wiggle room in your budget to cover higher out-of-pocket expenses following a home insurance claim.[2]

  • Maintain good credit. Some insurance agencies will consider your credit history when you apply for a home insurance policy. A good-to-excellent credit score can lower the price of your coverage.

Ohio homeowners insurance rates by city

Your city and ZIP code within Ohio will influence your home insurance premiums. Different cities and areas can yield different homeowners insurance quotes as a result of variances in weather, crime rates, and proximity to fire stations. For example, if you live in a flood zone, you can expect higher rates than a Cincinnati resident in a low-risk flooding area.

Find out how rates compare in some other Ohio cities. Premiums shown below are for policies with a $1,000 deductible and $300,000 in dwelling coverage.

City
Average Annual Premium
Akron$1,284
Cincinnati$1,346
Cleveland$1,283
Columbus$1,342
Dayton$1,472
Elyria$1,274
Hamilton$1,400
Toledo$1,438
Westerville$1,282
Youngstown$1,298

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How much homeowners insurance do you need in Cincinnati?

The state of Ohio doesn’t require home insurance. But if you have a mortgage on your home, your mortgage lender or company may ask for it. Before you sign on the dotted line and take out a home insurance policy, read the terms carefully so you know exactly what your policy covers. This can help you avoid hidden fees and surprise expenses down the road.

What are some of the biggest risks when owning a home in Cincinnati? 

As a Cincinnati homeowner, it’s a good idea to prepare yourself for a few risks and natural disasters that might affect your home, such as:

  • illustration card https://a.storyblok.com/f/162273/150x150/0194b78427/weather-96x96-orange_043-flood.svg

    Floods

    Floods do occur in Cincinnati. Since a basic homeowners policy won’t cover them, you’ll need to look for flood insurance through the National Flood Insurance Program or a private insurance agency.

  • illustration card https://a.storyblok.com/f/162273/x/68ed522f01/windstorm-and-hail.svg

    Storms

    Storm damage is a possibility in Cincinnati. The good news is home insurance helps pay for certain causes of storm damage, like wind damage, so you won’t need to buy a separate policy.

  • illustration card https://a.storyblok.com/f/162273/x/743065ad20/theft.svg

    Theft

    Unfortunately, theft rates in the Queen City are high in certain areas. Fortunately, a standard home insurance policy with personal property coverage will apply to vandalism and theft-related home insurance claims.

Cincinnati homeowners insurance FAQs

The following information can help answer your remaining questions about finding homeowners insurance in Cincinnati.

  • How much is home insurance in Cincinnati?

    The average cost of home insurance in Cincinnati for a policy with $300,000 in dwelling coverage and a $1,000 deductible is $1,346 per year. The exact amount you pay for home insurance will ultimately depend on your location, coverage limits, deductible, and more.

  • Which company has the cheapest homeowners insurance in Cincinnati?

    Buckeye Insurance has the cheapest homeowners insurance in Cincinnati, with an average annual premium of $634 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

    Ohio Mutual Insurance and Westfield also have affordable annual premiums, with average rates of $876 and $920. You should always compare home insurance quotes from multiple insurance companies before buying a policy.

  • Does Cincinnati require homeowners insurance?

    No. Ohio state law doesn’t require you to purchase homeowners insurance. But your mortgage company will require it as a condition of your mortgage.

    Even if you don’t need to, you should purchase home insurance to protect your home and valuable assets in case of property damage. It can also cover medical expenses and legal costs if someone sues you after incurring an injury at your home.[3]

  • What is the average homeowners insurance premium in Ohio?

    On average, homeowners in Ohio pay $1,342 annually for a policy with a $1,000 deductible and a dwelling limit of $300,000. How much you pay will depend on your city, ZIP code, and more.

    To find the best coverage for your home, you should compare quotes and coverage options from multiple companies.

Sources

  1. City of Cincinnati. "Flood Safety."
  2. Insurance Information Institute. "How to save money on your homeowners insurance."
  3. Insurance Information Institute. "Homeowners Insurance Basics."
Anna Baluch
Anna BaluchInsurance Writer

Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.

Katie Powers
Edited byKatie PowersAuto and Life Insurance Editor
Photo of an Insurify author
Katie PowersAuto and Life Insurance Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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