Cincinnati, OH Homeowners Insurance Quotes (2023)

Cincinnati, OH Homeowners Insurance

Cincinnati, also known as the “Chili Capital of the World,” is the 29th-largest metropolitan area in the United States and Ohio ‘s third-largest city, with over 300,000 residents. Cincinnati boasts the Cincinnati Reds baseball team and the Cincinnati Bengals football team, and its city natives hold their teams near and dear to their hearts. On the weekend, explore the expansive beer scene of over 40 breweries, take on trails at the many parks, and take in magnificent architecture, such as the historic Music Hall in Over-the-Rhine.

Americans are flocking to Cincinnati due to its booming job market, offering healthcare jobs to thousands. And the low cost of living, at 21 percent of the median household income, means that take-home pay is very good relative to living expenses. And with such a diverse mix of neighborhoods, from Hyde Park to the Clifton Gaslight District, it’s nothing short of amazing experiences and culture, from one community to the next.

However, the vibrance and fun offered throughout the city of Cincinnati come with unpredictable weather. It’s common to experience weather from all four seasons in just one day. Depending on which neighborhood you live in, the crime rate in Cincinnati differs between lower and higher than national averages. That means finding the best and cheapest Cincinnati home insurance may take some time to figure out.

Let Insurify help you navigate the costs and coverage associated with homeowners insurance in your area in just minutes.

Cheapest Home Insurance Companies in Cincinnati

For homeowners in Cincinnati, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Cincinnati. The following are the best insurance rates from carriers that offer homeowners insurance in Cincinnati.

How to Find Cheap Home Insurance in Cincinnati

Home values in Cincinnati are on the rise. In 2019, home values increased over seven percent, and now they are on an upward projection of over three percent. That means sellers are more motivated than ever, and buyers are looking for the right deal on their next homes.

You may have recently bought a house. Or, maybe you are looking for a better deal on Cincinnati home insurance. Whatever your circumstances may be, it’s essential to protect your property and your investment. You put time, energy, and your life’s work into buying your home. That’s why you need the right home insurance policy. You must have the right personal liability, coverage options, and additional coverage to protect you, your family, and your personal belongings against cases of vandalism, extreme weather, theft, and other property damages.

Thankfully, you’re on the right track to peace of mind. The first step forward begins with choosing the right homeowners policy to fit your individual needs at an affordable price.

Follow along as you learn a thing or two about picking the right plan in our guide on Cincinnati home insurance.

Cheapest Home Insurance in Cincinnati by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.

Did you know the home insurance rate you get depends on the neighborhood you live in and can vary greatly? While one area may have higher insurance claims reported, another neighborhood may have very few claims. Premiums in individual Ohio counties may differ, too. Neighboring counties in Kentucky and Indiana could be paying different home insurance premiums.

These rates also depend on risks such as theft, vandalism, and extreme weather. Insurance companies are not one-size-fits-all, either. Insurance coverage, bundling options with auto insurance, and additional options vary from company to company. That’s why average home insurance costs will vary greatly for Cincinnati residents.

So, what is the average cost of homeowners insurance in Cincinnati, Ohio? In 2021, the average Ohio home insurance premium cost $2,242 annually, and the median home value in Cincinnati is $165,613.

While Cincinnati home insurance is lower than the national average, it’s still best to have the extra money in the bank for times of distress and additional living expenses.

Want to see where you can save? Compare accurate homeowners insurance quotes using Insurify. That way, you can compare insurance companies like Allstate and State Farm, all in one place.

Average Annual Home Insurance Premium in Cincinnati by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

Cheapest ZIP Codes in Cincinnati for Home Insurance

As you may already know, home prices vary from area to area. Did you know that home insurance in Cincinnati is similar? Your ZIP code determines how much you pay due to nearby claims, claim volumes, and natural disaster frequency. Because your neighborhood determines how much you spend on annual home insurance premiums, you could be paying either more or less than your friends or family in other Cincinnati neighborhoods.

Rates in Cincinnati can be reasonably high or low compared to the national average. Homeowners insurance rates in Cincinnati rely on which area you live in.

Home Insurance Coverage Types in Cincinnati

There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:

Natural Disasters & Cincinnati Insurance

Natural disasters wreak havoc on not only homes but also lives. In Cincinnati, Ohio, severe storms, floods, tornadoes, landslides, and winter storms are common extreme weather cases that can affect overall insurance premiums. Historical flooding and extreme weather determine the price of your home insurance rates. Policyholders like you should always know what your insurance program offers and whether your home requires additional coverage.

Tornadoes

Tornadoes leave paths of destruction wherever they go, including in Cincinnati, as it is an active tornado zone. In April 2020 alone, 19 tornadoes touched down in the Cincinnati metro area. And while tornadoes are generally covered on Cincinnati homeowners insurance policies, it’s strongly advised to find out whether your comprehensive coverage is sufficient in cases of a tornado. The same is also true if you have renters insurance.

To figure out whether you have enough coverage, assess your personal belongings, and figure out how expensive replacement costs would be, as most policies are capped based on the coverage amounts. It may be wise to purchase additional coverage for the cost of replacements, especially if you ever find yourself needing to replace everything in your home.

Winter Weather

Hazardous winter weather is also typical in Cincinnati. Heavy snow and ice can cause damage to the roofing and exterior fixtures of your home. And while damage is generally covered by most comprehensive insurance policies, it’s essential to know whether water damage is covered. Talk to your insurance agent to find out if additional coverage is necessary.

Flooding

Cincinnati has seen some terrible flooding in its history. In 1937 and 60 years later, in 1997, Cincinnati had historic flooding from the Ohio River, reaching devastating levels that left hundreds of thousands homeless. River waters rise and flood parks, businesses, and homes. Cincinnati may soon see more historic flooding, which overwhelms the relatively small city and devastates homeowners.

The standard Cincinnati home insurance policy does not include flood coverage. For homeowners and renters insurance, you will need to know what your insurance options are. Luckily, the federal government provides flood insurance through the National Flood Insurance Program (NFIP). Independent agents generally sell these flood policies. Talk to your local agent for more information on local rates.

Cincinnati Insurance Options & Crime Rates

Crime rates disturb home insurance premiums. The higher the crime rate, the more homeowners insurance rates will go up. The unfortunate truth is that Cincinnati has some of the highest crime rates in the United States, compared to small and large cities. The crime rate in Cincinnati is 54 per 1,000 residents. One in 18 people will have a chance of becoming a victim of violent or property crime. The good news is that most home insurance policies cover theft and vandalism.

If the unthinkable happens and you or someone else on your property becomes injured, this can lead to medical expenses. Liability protection was made for these instances. Always find out how much personal liability coverage you need for your area. As an option, an umbrella policy may be the best option for you. Umbrella policies supplement your basic liability policy and cover a higher limit while also going above your standard policy. Umbrella policies cover necessary legal fees, false arrest, libel, and slander and protect you from liability claims for property damage liability claims and bodily injury.

It is also essential to determine the crime rate in your neighborhood, though, as most crime rates vary from neighborhood to neighborhood. A high-crime neighborhood means more neighbors have filed or will file claims, which will directly impact rates. Do your research on your particular neighborhood before committing to a home insurance quote.

Thankfully, Insurify has the home insurance quote comparison tools to help you find the cheapest and most accurate insurance policy to fit your lifestyle.