Home insurance guards your biggest investment against common hazards like fire or theft, and it protects you if someone is injured in your home. The cost depends on a home’s location, age and materials and the type of coverages you choose. To help find the right policy for your home and budget, we researched the best homeowners insurance in Cincinnati.
Homeowners insurance is not required, but nearly all Cincinnatians insure their property, belongings and liability from covered events, known in the industry as “perils.” If you have a mortgage, the bank will certainly require home insurance.
Consumers can purchase homeowners insurance coverage from more than 100 companies authorized to do business in Ohio. Dwelling, contents (or personal belongings) and personal liability coverage ordinarily come standard, with add-ons such as other structures and medical expenses available.
Type of coverage
What it covers
Example perils or events
Structure of the home, including floors, walls, ceilings, built-in appliances
Personal items, such as furniture, clothing, electronics
Same as dwelling perils
Claim or lawsuit resulting from injury or property damage to others
Falls, dog bites, food poisoning, ball thrown through window
How much is homeowners insurance in Cincinnati?
The cost of homeowners insurance in Cincinnati depends on many factors, such as your home’s age and condition, the type of construction, distance to the local fire station and claims history. Fortunately, Ohio is one of the less expensive states for homeowners insurance. In Cincinnati, homeowners pay between $900 and $1,000 per year.
This figure can vary based on your coverage limits (or the maximum amount the insurance company will pay out) and the deductible (or how much you pay out of pocket for each claim). It can also be a function of your ZIP code. For instance, densely populated neighborhoods like Over-the-Rhine and Price Hill will have slightly higher premiums than the quiet suburbs of Blue Ash or Anderson Township.
Because of Cincinnati’s proximity to the Ohio River, homeowners may wish to consider flood insurance, which is not covered by standard policies. Residents are eligible to purchase flood insurance through the National Flood Insurance Program.
When purchasing homeowners insurance in Cincinnati, read the policy carefully. As you shop around and compare prices, be aware whether the policy you are looking at lists every covered peril or whether it only lists the perils it does not cover.
Don’t forget to ask about discounts as well. Many companies in Cincinnati will offer savings if you also buy car insurance, have a home security system, just moved into a new home or pay in full.
Customers can start the quote process online for Progressive home insurance, with agents standing by ready to assist. The HomeQuote Explorer tool allows you to compare rates and coverages from different companies. Progressive offers plenty of discounts for policyholders, like for bundling, getting a quote in advance, having alarm systems and safety devices or paying up front. Reviewers say the company has excellent customer service representatives to help answer questions and process claims.
GEICO makes it easy to get a quote and set up homeowners insurance for your property. Policy shoppers can get a quote online or contact a sales agent seven days per week. Customers can also reach the company 24/7 online or through GEICO’s mobile app. Discounts are available for having smoke alarms or a home security system, and customers like being able to save by bundling homeowners and auto policies.
State Farm is one of the leading home insurers in the U.S. Customers can visit the company’s website to get a quote and access plenty of home insurance resources. State Farm policyholders get savings for purchasing multiple policies, installing security alarms, using certain roofing materials or choosing a higher deductible. Customers give mixed reviews to State Farm; many are satisfied with coverage, while others have had difficulty with the claims process.
The Cincinnati Insurance Company
The Cincinnati Insurance Company, founded in 1950, is one of the top insurers in the country. The standard Executive Homeowner Policy covers dwelling, personal property, legal liability and additional living expenses if your home becomes uninhabitable. Coverages for higher value homes are also available. In addition to exceptional claims service, customers get access to many discounts. Many reviewers give the company positive reviews and have been clients for years.
Liberty Mutual Insurance
Liberty Mutual’s standard homeowners insurance policies cover dwellings, personal possessions, liability and additional living expenses in the event that your home becomes uninhabitable. Customers can customize a policy with add-ons and premium-reducing discounts. Visitors to the Liberty Mutual Insurance website can use a free coverage calculator to learn the right coverage and policy limits. Reviewers say the company gives accurate quotes at fair prices.