Homeowners in Cincinnati need to be prepared for severe weather, including tornadoes and flooding. Both of these natural disasters can wreak havoc on a home and leave homeowners to pick up the pieces. That's why it's so important to protect your home with a good homeowners insurance policy.
Even with these potential threats, homeowners in Cincinnati pay almost 30% less than the national average cost of home insurance in the U.S. — just $1,236 per year or about $103 a month.
Compare the best cheap homeowners insurance companies in Cincinnati
We found that the best homeowners insurance companies in Cincinnati are State Farm, Cincinnati Insurance, Erie, Farmers, and Grange Insurance.
To find the best cheap homeowners insurance in Cincinnati, Policygenius rated over a dozen of the largest insurance companies in Ohios://www.policygenius.com/homeowners-insurance/ohio/ across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$103 | 4.8 out of 5 | Compare quotes | |
$92 | 4.5 out of 5 | Compare quotes | |
$82 | 4.5 out of 5 | Compare quotes | |
$144 | 4.5 out of 5 | Compare quotes | |
$119 | 4.5 out of 5 | Compare quotes |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is the best home insurance company in Cincinnati thanks to its wide selection of coverage options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Offers large discounts when you bundle your home and auto insurance
Cons
No discounts for first-time homebuyers
Rates are about average in Cincinnati
More details
Why we chose State Farm
We found that State Farm is the best home insurance company in Cincinnati. We like that State Farm lets you get extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, and more.
State Farm also has high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. On top of that, State Farm has received the highest rating possible from A.M. Best for financial strength and stability.
In the Queen City, State Farm's home insurance rates are about the same as Cincinnati's average. Although the company doesn't offer as many discounts as other insurers, you could get a large discount if you're planning to bundle home and auto insurance with State Farm.
How do State Farm home insurance rates compare to the Cincinnati average?
The average cost of home insurance from State Farm in Cincinnati is $1,232 per year, which is 1% cheaper than the citywide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
Cincinnati Insurance
4.8
Bundle home & auto
Mobile app
Good student discount
New homebuyer discount
Offers classic car insurance
Offers earthquake insurance
Offers extended replacement cost
Offers gap coverage
Offers wildfire insurance
Why we chose it
Cincinnati Insurance is one of the best home insurance companies in Cincinnati if your home is worth at least $750,000. If you have a high-value home, Cincinnati Insurance is a great choice for its range of coverage offerings and affordable rates.
Pros and cons
Pros
Earns 5-star ratings for customer service, financial stability, and coverage options
Offers a lot of valuable add-ons, including extended replacement cost coverage
Cheaper rates than average in Cincinnati
Cons
Best coverage only available to higher-value homes
No online quote tool
More details
Why we chose Cincinnati Insurance
Cincinnati Insurance is one of the top home insurance companies in Cincinnati for its Executive Select Plan. If your house is worth at least $750,000, you could add extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, identity theft coverage, and more to your policy.
We also like Cincinnati Insurance's cheap rates. On average, Cincinnati Insurance is one of the cheaper insurance companies in the city. The company also offers a few discounts, like a bundling and new home discount, that could lower your rates even more.
How do Cincinnati Insurance rates compare to the Cincinnati average?
We found that the cost of home insurance from Cincinnati Insurance is $1,100 per year, which is 11% cheaper than the citywide average.
How to get a quote
Find an agent via Cincinnati Insurance's website
2023 Policygenius award winner
Erie
4.5
Mobile app
Bundle home & auto
Why we chose it
Erie's wide range of coverage options, industry-best customer service ratings, and affordable rates make it one of the best home insurance companies in Cincinnati.
Pros and cons
Pros
Guaranteed replacement cost comes standard on Erie policies
Excellent customer service and claims satisfaction ratings
Cheaper rates than average in Cincinnati
Cons
Offers only a few discounts
More details
Why we chose Erie
Erie is one of the best homeowners insurance companies in Cincinnati for residents who want to add more protection to a basic policy, get top-rated customer service, and pay cheaper-than-average premiums.
Home insurance policies from Erie come standard with guaranteed replacement cost coverage — which you often have to pay extra for at other companies. A basic policy also covers lost and misplaced items, jewelry, and gift cards to closed businesses.
Erie also offers a range of add-ons that you can purchase, like short-term rental coverage, equipment breakdown coverage, water backup protection, underground service line coverage, and more.
How do Erie home insurance rates compare to the average in Cincinnati?
The average cost of Erie home insurance in Cincinnati is $984 per year, which is 21% cheaper than the citywide average.
How to get a quote
Online through Erie
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Cincinnati for those who want to add coverage to their policies. Farmers also has a range of discounts and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Lots of available discounts
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
Much more expensive than average in Cincinnati
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Cincinnati, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
Farmers is one of the best companies for bundling home and auto coverage (you could save up to 18% on your premiums by bundling). The company also offers more than a dozen other discounts, many of which are easy for most homeowners to qualify for.
How do Farmers home insurance rates compare to the average in Cincinnati?
The average cost of Farmers home insurance in Cincinnati is $1,733 per year, which is 40% more expensive than the city's average annual premium.
How to get a quote
Online through Farmers
2023 Policygenius award winner
Grange Insurance
4.5
New homebuyer discount
Smart home discounts
Bundle home & auto
Offers extended replacement cost
Offers gap coverage
Usage-based discount
Good student discount
Accident forgiveness
Mobile app
Why we chose it
Grange Insurance is best suited for homeowners who prefer to work with a local agent to get a quote. Besides attentive service, Grange offers a range of coverage add-ons.
Pros and cons
Pros
Offers extended replacement cost coverage, other add-ons
Gets fewer complaints than average
Mobile app makes it easy to manage your policy and file claims
Cons
Rates are more expensive than average in Cincinnati
No option for online quotes
Doesn’t offer flood insurance
More details
Why we chose Grange Insurance
Grange Insurance is one of the top insurance providers in Cincinnati, especially if you want coverage from a smaller regional company. According to the National Association of Insurance Commissioners, Grange Insurance receives fewer complaints than average from its customers.
We also like that Grange Insurance offers a wide range of coverage options. The company lets homeowners add extended replacement cost coverage for their home, replacement cost coverage for their property, service line coverage, water backup protection, and more to a basic policy.
How do Grange Insurance's home insurance rates compare to the Cincinnati average?
We found that the average cost of homeowners insurance from Grange Insurance is $1,426 per year in Cincinnati, which is 15% more expensive than the citywide average.
How to get a quote
Find an agent online with Grange Insurance
How much is homeowners insurance in Cincinnati?
The average cost of homeowners insurance in Cincinnati is $1,240 per year, or $103 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Cincinnati is nearly the same as the statewide average of $1,236.
Cincinnati home insurance rates by ZIP code
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Cincinnati.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
45238 | $1,217 | -2% |
45211 | $1,257 | 2% |
45230 | $1,198 | -3% |
45237 | $1,271 | 3% |
45224 | $1,246 | 1% |
45245 | $1,200 | -3% |
45219 | $1,266 | 2% |
45227 | $1,213 | -2% |
45208 | $1,195 | -3% |
45205 | $1,307 | 6% |
Cheapest ZIP codes for home insurance in Cincinnati
We found that the cheapest average homeowners insurance in Cincinnati is in the 45221 ZIP code. On average, the cost of homeowners insurance in this ZIP code is $1,156 per year, 6% cheaper than Ohio's average.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
45221 | $1,156 | -6% |
45235 | $1,159 | -6% |
45267 | $1,167 | -6% |
45234 | $1,179 | -5% |
45208 | $1,195 | -3% |
45209 | $1,198 | -3% |
45230 | $1,198 | -3% |
45245 | $1,200 | -3% |
45227 | $1,213 | -2% |
45226 | $1,214 | -2% |
Most expensive areas for homeowners insurance in Cincinnati
With an average home insurance rate of $1,307 per year, the 45205 ZIP code is the most expensive area for home insurance in Cincinnati. Rates here are 6% higher than Ohio's average.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
45205 | $1,307 | 6% |
45204 | $1,301 | 5% |
45203 | $1,293 | 5% |
45225 | $1,292 | 5% |
45214 | $1,289 | 4% |
45229 | $1,287 | 4% |
45223 | $1,284 | 4% |
45232 | $1,284 | 4% |
45237 | $1,271 | 3% |
45219 | $1,266 | 2% |
Learn more >> Home insurance rates by ZIP code
Cincinnati home insurance costs by coverage amount
Dwelling coverage is the part of your home insurance that pays for physical damage to the structure of your home in the event of a covered loss. Your dwelling coverage limit should be based on the replacement cost of your home, or the amount it would take to rebuild your house from the ground up — not its market value or purchase price.
Home insurance policies also include liability coverage, which covers your medical or legal expenses if you’re responsible for someone else’s injury or property damage.
As seen in the table below, more dwelling coverage usually means higher home insurance rates.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $661 |
$200,000 | $951 |
$300,000 | $1,240 |
$400,000 | $1,553 |
$500,000 | $1,914 |
Cincinnati home insurance costs by deductible amount
Home insurance is a great safety net, but all homeowners are responsible for an out-of-pocket deductible on each claim accepted by the insurance provider. A higher deductible can save you money on your yearly premium, but be careful not to set it at an amount you couldn't afford in the event of a claim.
As seen in the table below, Cincinnati residents can save almost $300 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible | Average annual cost |
|---|---|
$500 | $1,639 |
$1,000 | $795 |
$2,000 | $1,325 |
Cheapest homeowners insurance companies in Cincinnati
We found that the cheapest homeowners insurance companies in Cincinnati are Westfield Insurance, Allstate, Erie, Ohio Mutual, and Cincinnati Insurance. That said, your rates depend on where you live and other factors like coverage amount, deductible, your credit, home's age, and claims history.
Company | Average annual cost |
|---|---|
Westfield Insurance | $802 |
$881 | |
$984 | |
Ohio Mutual Insurance | $1,010 |
$1,100 | |
Western Reserve Group | $1,114 |
$1,162 | |
$1,232 | |
$1,269 | |
$1,419 | |
$1,426 | |
$1,497 | |
Encova Insurance | $1,731 |
$1,733 |
Cheapest home insurance in Cincinnati if you have poor credit
If you have a low credit score, your insurance company will likely consider you to be “high risk” since you may not be financially capable of covering small damages or losses out of pocket, and it’ll likely charge you higher home insurance rates as a result.
The good news is some companies put less emphasis on credit scores when determining rates, so if you have poor credit, you can still find plenty of affordable coverage options.
With an average rate of $1,216 per year, Westfield Insurance has the cheapest home insurance rates in Cincinnati for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,216 |
Ohio Mutual Insurance | $1,281 |
Allstate | $1,377 |
Western Reserve Group | $1,426 |
Cincinnati Insurance | $1,461 |
USAA | $1,807 |
Nationwide | $1,864 |
Progressive | $1,969 |
Grange Insurance | $2,064 |
State Farm | $2,089 |
Erie | $2,260 |
Encova Insurance | $3,174 |
Farmers | $3,681 |
Auto-Owners Insurance | $10,333 |
Cheapest home insurance in Cincinnati if you have an older home
It can be more expensive to insure older homes since they can be more prone to structural damage than newer homes. They're also often made with with materials and features that would be more expensive to replace after a claim.
The cheapest home insurance rates in Cincinnati for an older home come from Allstate, which has an average cost of $844 per year.
Company | Average annual cost |
|---|---|
Allstate | $844 |
Erie | $1,023 |
Western Reserve Group | $1,069 |
Westfield Insurance | $1,071 |
Ohio Mutual Insurance | $1,113 |
Auto-Owners Insurance | $1,160 |
Cincinnati Insurance | $1,215 |
State Farm | $1,236 |
USAA | $1,339 |
Nationwide | $1,432 |
Grange Insurance | $1,498 |
Progressive | $1,570 |
Farmers | $1,697 |
Encova Insurance | $1,918 |
Cheapest homeowners insurance in Cincinnati if you have a history of claims
Having a history of claims is one of the most likely reasons why your rates could be expensive. If you have multiple claims on your record, insurers will think you're more likely to file future claims than a homeowner without any past claims.
We found that Auto-Owners Insurance offers the cheapest home insurance rates in Cincinnati for someone with three claims in a five-year period.
Company | Average annual cost |
|---|---|
Auto-Owners Insurance | $1,162 |
Westfield Insurance | $1,245 |
Ohio Mutual Insurance | $1,368 |
State Farm | $1,406 |
Allstate | $1,509 |
Western Reserve Group | $1,617 |
Erie | $1,817 |
Grange Insurance | $1,848 |
Progressive | $1,893 |
USAA | $2,264 |
Nationwide | $2,387 |
Cincinnati Insurance | $2,502 |
Farmers | $2,685 |
Encova Insurance | $2,700 |
Coverage options in Cincinnati
When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
Before you buy homeowners insurance in Cincinnati, you should be sure you're protected from flood damage.
Flood insurance
Many homes in Cincinnati and around the city are at risk of flooding because of how close they are to the Ohio River. Despite this risk, homeowners insurance policies don't cover damage from floods.
If you live in a part of Cincinnati that's prone to flooding, you should consider getting flood insurance. A few companies offer flood insurance endorsements or even separate flood insurance policies, but most companies offer coverage through the National Flood Insurance Program (NFIP).
How to get homeowners insurance quotes in Cincinnati
It’s important for Cincinnati residents to compare home insurance policies from multiple companies to ensure a proper coverage and rate comparison.
Here are a few steps to follow as you shop for homeowners insurance in Cincinnati.
Frequently asked questions
What is the average cost of homeowners insurance in Cincinnati?
The average cost of homeowners insurance in Cincinnati is $103 per month, or $1,240 per year.
How much is flood insurance in Cincinnati?
Flood damage isn't covered by most standard homeowners insurance policies, but Cincinnati residents don't want to be left out to dry when things get wet. That’s where flood insurance comes in. On average, flood insurance costs around $738 per year.
What's the most important part of home insurance?
People might think the most important part of home insurance is the type of coverage in your policy, but what’s really key is getting your coverage amounts correct. If your coverage limits are too low, you could be in hot water if your home is damaged or destroyed. If your coverage limits are higher than your home’s insured value, you’ll find yourself overpaying for coverage you don’t need.
