It’s easy to understand why Columbus, Ohio is highly rated as one of the best cities to live in the United States. With so much to do and see, there’s a lot to love about Columbus, including its relatively low cost of homeowners insurance.
In fact, the average cost of homeowners insurance in Columbus is around $1,523 per year or $127 a month. This is around 4% lower than the statewide average of $1,586 per year, and about 20% lower than the national average.
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 Columbus.
Best homeowners insurance companies in Columbus
Of the companies we looked at, Erie has the lowest rate with an average yearly cost of $990, which is over $500 less than the state average. While State Farm’s rates are higher than the state average, their high J.D. Power score of 835 means the extra cost comes with superior customer and claim satisfaction ratings.
Policygenius analyzed thousands of quotes from the 5 largest Columbus 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 Columbus residents to find the best homeowners insurance in Columbus.
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.
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
No discounts for first-time homebuyers or going a year without a claim
Why State Farm tops our best list
As mentioned above, State Farm has a J.D. Power rating of 835, putting them in the “great” range when it comes to customer satisfaction. State Farm has over 19,000 agents across the country which means they are available to help answer questions, provide a quote, or process your claim at any time.
How to get a quote
Online through State Farm
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.
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
Rates are typically high compared to competitors
Why Allstate tops our best list
Allstate’s long list of available discounts almost guarantees that you’re going to get the best possible rate they offer. From discounts for paying your premium on time to not having claims in your recent history, there are so many easy ways to save money with Allstate. You can even save up to 25% off your premium when you bundle your home and auto policies. With an average yearly cost of $1,395, that could mean almost $350 in yearly savings.
How to get a quote
Online through Policygenius or Allstate
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.
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
Below-average customer satisfaction ratings
Water backup coverage is more expensive than with other insurers
Why Nationwide tops our best list
With Nationwide’s Smart Home program, you can save money on your policy while also increasing the safety of your home. When you purchase the Notion monitoring system at a 50% discount, Nationwide will give you an additional discount on your homeowners insurance. By making your house more secure and catching issues early, the Notion system makes it less likely that you have to file a claim for repairs.
How to get a quote
Online through Policygenius or Nationwide
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.
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
Likely only worth the high cost if you bundle your home and auto policies
Why Grange tops our best list
If you need a home insurance policy that goes beyond the usual coverages, Grange has some attractive add ons that can help keep your home protected, including underground service line coverage for water, waste, and cable lines; equipment breakdown coverage for HVAC systems; identity theft and personal cyber insurance; and assisted living care, which insures your loved one’s belongings while they’re in an assisted living facility.
How to get a quote
By contacting a Grange Insurance agent
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.
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
Can't file claims online — must speak to an Erie agent on the phone
Why Erie tops our best list
Erie’s dwelling coverage includes guaranteed replacement cost which covers the total cost of rebuilding your home without deducting wear and tear like actual cash value policies might. This guarantee means you won’t be left to pay large bills out of pocket, and gives Erie an advantage over its competitors.
How to get a quote
Online through Erie
Cheapest homeowners insurance companies by ZIP code in Columbus
Looking at average home insurance costs for 15 of the most popular companies in Columbus, we found that the cheapest home insurance in the city can be found in the 43240 ZIP code with Erie. The average Erie rate in this area is $701 per year — $822 less than the city average of $1,523 per year.
When comparing costs across the city, Erie has the cheapest rates in most ZIP codes with Auto-Owners Insurance also having low rates in several areas.
The most affordable areas for homeowners insurance in Columbus
With an average home insurance rate of $1,362 per year, the 43235 ZIP code is the most affordable area for home insurance in Columbus. Since most of the area’s homes were built in the 1980’s, relatively new construction could be a contributing factor to lower insurance rates.
The most expensive areas for homeowners insurance in Columbus
With an average home insurance rate of $1,662, the 43205 ZIP code is the most expensive area for home insurance in Columbus. Older homes built before 1939 and a dense population could both contribute to the higher cost of insurance in this area.
Shopping for homeowners insurance in Columbus
While shopping for homeowners insurance may seem like a complicated process, it becomes easier to figure out once you break down the coverage options and learn what goes into determining your rate. When you know what you need from a policy, you can be assured that you’re not overpaying or underinsured.
In this section, we break down the average annual home insurance rates in Columbus 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 Columbus.
Columbus home insurance costs by coverage amounts
Dwelling coverage pays to repair or rebuild your home after a covered loss. Since Columbus has potential for tornadoes, dwelling coverage protects you from potentially catastrophic wind damage. The amount of coverage is based on your home’s replacement value, so your policy should cover the total cost of rebuilding your house — not the market value or purchase price.
More dwelling coverage means higher home insurance premiums. In Columbus, a policy with $100,000 in dwelling coverage comes with an average yearly cost of $840, while a policy with $500,000 in coverage costs $2,264 per year. With a difference of over $1,400, it’s important to know how much coverage you need so you’re not overpaying for your policy.
Even the most conscientious homeowner can be responsible for an injury occurring on your property. If someone is bitten by a dog or falls from an uneven walkway, liability coverage will pay for the injured party’s bills and expenses.
To ensure you don’t have to cover any of the cost out of pocket, your coverage limit should be based on your total net-worth including your home, cars and other vehicles, and liquid assets.
Unlike with dwelling coverage, liability insurance doesn’t have a huge impact on your rates, which explains why average rates are all over the place for various levels of coverage.
Columbus home insurance costs by deductible amount
Your homeowners insurance deductible is the out-of-pocket amount you’re responsible for paying on each home insurance claim. A higher deductible will help lower your rates, but it will cost you more in the event of a claim.
As seen in the table below, Columbus residents can save around $175 on home insurance by choosing a $2,000 deductible over the $500 option.
Home insurance discounts in Columbus
Even with rates in Columbus being below the national average, paying over $1,500 per year might still be out of your budget. Fortunately, most insurance companies offer discounts for installing extra security devices in your home. A burglar alarm, smoke detector, or even a deadbolt on your door could add up to savings on your policy. When you make your home more secure, you are less likely to file a claim, which keeps costs down for your insurer.
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 Columbus with deadbolts, smoke alarms, or burglar alarms.
Home insurance companies in Columbus for dog owners
Insurance companies may charge higher home insurance rates for owners of certain dog breeds. These breeds are considered to be dangerous based on the number of liability claims filed from bites and attacks.
With an average rate of $990 per year, Erie has the cheapest home insurance rates in Columbus for a home with a dangerous dog breed, while State Farm’s average yearly premium of $1,705 is the highest.
Home insurance companies in Columbus for poor credit
Your credit score can be used to indicate if you are a high risk to insure. Insurance companies will increase rates for customers with poor credit because they are more likely to submit claims or miss payments.
While it’s always preferable to have good credit, not all companies will use your credit score to raise your rates.
With an average rate of $1,950 per year, Nationwide has the cheapest home insurance rates in Columbus for a homeowner with poor credit, while State Farm’s average yearly premium of $2,926 is the highest.
Home insurance companies in Columbus for pool owners
Having a pool can potentially lead to higher insurance premiums due to the increased risk of injuries and liability claims. Since some companies put less weight on this factor, it’s best to shop around to make sure you’re getting the most affordable rate for your insurance.
With an average rate of $1,125 per year, Erie has the cheapest home insurance rates for Columbus homes that have a swimming pool, while State Farm’s average yearly premium of $1,705 is the most expensive.
How to buy homeowners insurance in Columbus
There are many affordable options for homeowners insurance in Columbus, but you may have some questions about finding the right policy for your home. Here are some steps to follow to help make your decision easier:
Reach out to a licensed Policygenius agent. Our team of experts are available to answer questions about coverage and rates and make sure you find the right policy at the best price.
Ask about the Ohio FAIR Plan. If you have been turned down by traditional insurance companies, look into the FAIR plan to ensure you have the coverage you need.
Figure out how much deductible you can afford. If your house is in an area unlikely to see frequent damage from severe weather or property crime, consider a higher deductible to save money on your premium.
Compare quotes from a Policygenius agent. With so many factors that go into your insurance rate, the only way to find the best price is to compare quotes from different companies — a Policygenius agent can help.
Choose your policy, sign it, and pay your first premium. Once you find the right policy at a price that meets your budget, a Policygenius agent can prepare the paperwork for you. All that’s left is to sign the forms and pay your first premium.
Frequently asked questions
Why does the average cost of home insurance vary in Columbus?
Home insurance rates are based on a variety of factors including the age and size of your house, the local crime rate, and the threat of natural disasters. Average rates will be higher in certain parts of the city, especially in older neighborhoods or areas with larger houses.
What is the average rate in Columbus?
The average cost of homeowners insurance in Columbus is $1,523 per year, which is just around the state average for Ohio.
Will my bad credit be a factor in my home insurance rate?
While not all insurance companies increase rates for poor credit, it can be a factor when determining what you pay for home insurance. If you have bad credit, you may need to shop around to find the best rate.
Is flood insurance included in my policy?
No. If you are in a flood zone or if you tend to get water in your basement due to flooding, you will need to purchase a separate flood insurance policy to make sure your house is covered.
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:
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
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.