Best homeowners insurance in Cleveland, OH for 2022

Laura Gunn

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Laura Gunn

Laura Gunn

Freelance contributor

Laura Gunn is an insurance expert and writer. As a former English teacher, she made the transition to full-time writing and editing in 2016. Since that time she has written extensively about insurance topics, as well as topics pertaining to education and marketing.

Her work has been published in The Millennial Source, News Hunt 360, Realty Today, HNGN, and other publications.

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The average cost of homeowners insurance in Cleveland is $1,526 per year or $127 a month. This is on par with the Ohio state average, and nearly 37% lower than the national average of $1,899 per year.

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Cleveland.  

Best homeowners insurance companies in Cleveland

Of the companies we looked at, Erie’s $1,004 average annual premiums is the lowest in Cleveland. Allstate’s average rate is slightly higher, but makes up for it with exceptional customer and claims satisfaction ratings with J.D. Power. 

Policygenius analyzed thousands of quotes from the 5 largest Cleveland insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Cleveland residents to find the best homeowners insurance in Cleveland.

Company

Average yearly cost

J.D. Power Rating

State Farm

$1,556

835

Allstate

$1,286

829

Nationwide

$1,577

812

Grange Insurance

$1,218

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Erie

$1,004

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State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

With its high customer satisfaction and financial strength ratings year after year, State Farm is one of the most consistent home insurance providers in the industry. Additionally, State Farm offers some great discounts to help keep insurance rates more affordable. While they don't offer discounts for first-time homebuyers, like some providers, there are many others available for qualified homeowners. 

How to get a quote

 Online through State Farm

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Allstate is known for their numerous add-on coverages and available discounts. In fact, homeowners insured by Allstate can save up to 25% on their yearly premiums when they bundle home and auto insurance together. This helps keep premiums low while keeping all of your financial protection in one spot. 

How to get a quote

 Online through Policygenius or Allstate

Nationwide

Nationwide logo

Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.

Pros

  • Offers lots of coverage add-ons, including flood and earthquake insurance

  • Option to rebuild roof with stronger, safer materials after a covered loss

  • Score discounts for living in a gated community, making home renovations, having a newer roof, and more

  • Seamlessly submit claims online or through its mobile app

  • Above-average claims satisfaction rating

Cons

  • Below-average customer satisfaction ratings

  • Water backup coverage is more expensive than with other insurers

Why Nationwide tops our best list

Nationwide is one of the best home insurance options for Cleveland residents. Its add-on coverages are some of the best in the business, including the option to rebuild your house with stronger, safer materials after a covered loss. 

How to get a quote

Online through Policygenius or Nationwide

Grange Insurance

Grange Insurance logo

Grange is a regional home insurance provider with rare discount opps and an extensive range of policy options — including protection for your loved one's personal belongings if they're in a nursing home or care center.

Pros

  • Excellent policy add-ons, including equipment breakdown, water backup, and replacement cost coverage for your home and belongings

  • Option to protect your loved one's personal belongings while they're in an assisted living facility

  • Rare discounts, including ones for DIY home inspections and proof of home maintenance

  • File claims online

Cons

  • Likely only worth the high cost if you bundle your home and auto policies

Why Grange tops our best list

Grange is known for its unique discounts and coverage options. For example, Grange's replacement cost coverage extends to personal belongings, which could come in handy after a major weather-related loss or break-in 

How to get a quote

Online through Grange 

Erie

Erie logo

With some of the best customer service ratings in the industry, Erie offers comprehensive coverage even with its most basic policy — including guaranteed replacement cost coverage and protection for lost items.

Pros

  • Score up to a 25% discount when you bundle your home and auto insurance

  • Guaranteed replacement cost coverage is included in the base policy

  • Theft coverage includes lost or misplaced items — a rare perk we don't see often

  • Multiple policy add-ons available, including water backup and service line coverage

  • Among the best customer service ratings in the industry

Cons

  • Can't file claims online — must speak to an Erie agent on the phone

Why Erie tops our best list

Erie has some of the best customer satisfaction ratings in the industry, in large part due to its comprehensive home insurance coverage options. One of the biggest perks of home insurance through Erie is the inclusion of guaranteed replacement cost coverage in all base policies. Cleveland homeowners could really benefit from this coverage after a covered loss from severe storms or tornadoes. 

How to get a quote

Online through Erie

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Cheapest homeowners insurance companies by ZIP code in Cleveland

Looking at average home insurance costs for 15 of the most popular companies in Cleveland, we found that the cheapest home insurance in the city can be found in the 44106 ZIP code with Erie. The average Erie rate in this area is $896 per year — over $600 less than the city average of $1,526 per year. 

Cleveland homeowners in most areas of the city are likely to find the cheapest rates with Erie. This insurer has the cheapest average premium in 17 of Cleveland's area ZIP codes.

ZIP code

Company

Average yearly cost

44101

Erie

$901

44102

Allstate

$966

44103

Erie

$1,076

44104

Erie

$1,043

44105

Erie

$1,014

44106

Erie

$896

44108

Erie

$1,005

44109

Erie

$970

The most affordable areas for homeowners insurance in Cleveland

With an average home insurance rate of $1,346 per year, the 44135 ZIP code (northeast Cleveland), is the most affordable area for home insurance in Cleveland. This area has a median home value of $115,000 and the insurance rates are equally as affordable. 

ZIP code

Average yearly cost

44135

$1,346

44111

$1,388

44119

$1,423

44113

$1,459

44128

$1,465

The most expensive areas for homeowners insurance in Cleveland

With an average home insurance rate of $1,845, the 44101 ZIP code (Tremont) is the most expensive area for home insurance in Cleveland. The median home value in this area is only $110,000, but the more expensive rates could be due to higher crime rates or potential risks. 

ZIP code

Average yearly cost

44101

$1,845

44103

$1,629

44104

$1,593

44108

$1,574

44105

$1,566

Shopping for homeowners insurance in Cleveland

Shopping for homeowners insurance involves a lot more than simply finding the cheapest rates. You'll need to make sure your coverage limits reflect your actual needs. This helps ensure an accurate coverage and rate comparison when you go to get quotes. 

In this section, we break down the average annual home insurance rates in Cleveland for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Cleveland.

Cleveland home insurance costs by coverage amounts

Dwelling coverage protects the physical structure of your home against covered losses, and you should have enough of it to fully replace your home. Generally speaking, more dwelling coverage equals higher home insurance rates.

The table below shows common dwelling coverage amounts and their corresponding costs. In Cleveland, the biggest cost increase happens between the $400,000 and $500,000 coverage ranges. 

Dwelling coverage amount

Average yearly cost

$100,000

$842

$200,000

$1,166

$300,000

$1,526

$400,000

$1,896

$500,000

$2,316

Personal liability coverage covers medical bills or legal fees in the event someone is injured on your property. To determine how much coverage you need, consider the total value of your assets, including your home, vehicles, and income. 

Liability coverage amount

Average yearly cost

$100,000

$1,528

$200,000

$1,193

$300,000

$1,526

$400,000

$1,301

$500,000

$1,571

Cleveland home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying when you file a home insurance claim. In general, a higher deductible means lower yearly premiums, but there is a catch — your deductible must be paid with each and every accepted claim. If you, like some Cleveland residents, are at risk of theft or storm damage multiple times a year, it might be more expensive in the long run to pay a higher deductible. 

As seen in the table below, Cleveland residents can save around $200 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$1,669

$1,000

$1,526

$2,000

$1,483

Home insurance discounts in Cleveland

One way to lower your home insurance premiums is to take advantage of available discounts. Home insurance providers will often apply discounts to your policy if you add features like deadbolts, smoke alarms, or burglar alarms to your house. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Cleveland with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$1,525

Smoke alarm

$1,520

Burglar alarm

$1,505

Home insurance companies in Cleveland for dog owners

Cleveland area dog owners could see higher home insurance premiums depending on the dog they own. Certain dog breeds account for a higher percentage of reported dog bites and liability claims, and because of this, insurance companies will generally charge more for coverage if you own a so-called “aggressive” breed. 

With an average rate of $1,004 per year, Erie has the cheapest home insurance rates in Cleveland for a home with a dangerous dog breed, while Nationwide’s average yearly premium of $1,577 is the highest. 

Company

Average yearly cost

Erie

$1,004

Grange Insurance

$1,218

Allstate

$1,286

State Farm

$1,556

Nationwide

$1,577

Home insurance companies in Cleveland for poor credit

Poor credit can also increase home insurance premiums. A homeowner with a low credit score is seen as high risk, since they’re more likely to rely on home insurance for small damages or losses. So some insurance companies increase yearly premiums as a result. 

With an average rate of $1,843 per year, Grange has the cheapest home insurance rates in Cleveland for a homeowner with poor credit, while State Farm’s average yearly premium of $2,671 is the highest. 

Company

Average yearly cost

Grange Insurance

$1,843

Allstate

$2,072

Nationwide

$2,093

Erie

$2,266

State Farm

$2,671

Home insurance companies in Cleveland for pool owners

With an average rate of $1,140 per year, Erie has the cheapest home insurance rates for Cleveland homes that have a swimming pool, while Nationwide’s average yearly premium of $1,577 is the most expensive.

Company

Average yearly cost

Erie

$1,140

Grange Insurance

$1,259

Allstate

$1,286

State Farm

$1,556

Nationwide

$1,577

How to buy homeowners insurance in Cleveland

It’s extra important for Cleveland residents to compare policies from multiple companies to make sure they’re getting the best coverage at the fairest price. 

Here are a few steps to follow as you shop for homeowners insurance in Cleveland:

  1. Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts are ready to help you figure out how much coverage you need and what company offers it at the best price.

  2. Ask about Ohio’s FAIR Plan provider. If you or your home are considered “high risk” and you’re struggling to get coverage through a traditional insurance company, ask your Policygenius agent about last resort home insurance via an Ohio FAIR Plan.

  3. Consider purchasing flood insurance. Did you know flooding isn't covered in standard home insurance policies? Cleveland residents are at an increased risk of flood damage, so it's a good idea to purchase flood insurance if you live in a floodplain. 

  4. Figure out how high of a deductible you can afford. Increasing your deductible can lower your home insurance premiums drastically, but that also means you’ll have to pay more out of pocket when you file a claim. Be sure to set your deductible at an amount you’re financially capable of paying.

  5. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs and input information about your home, a Policygenius agent will walk you through quotes from a few different companies to help you find the best policy for your needs.

  6. Sign the policy and pay your first premium. After you’ve decided on a policy, your Policygenius agent will sort through all the paperwork on your behalf. The only thing left to do is sign the policy and pay your first premium.  

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Frequently asked questions

What is the average cost of homeowners insurance in Cleveland?

The average cost of homeowners insurance in Cleveland, Ohio is $127 per month, or $1,526 per year.

Are homeowners in Cleveland required to have home insurance?

Cleveland doesn't have any state or local laws that require homeowners to carry home insurance. However, most mortgage lenders require you to purchase coverage before extending you a home loan.

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.

Methodology

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.