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How to find affordable homeowners insurance in Cincinnati

A critical consideration for every homeowner should be their home insurance coverage. Fire, vandalism, theft, and wind damage are just a handful of the perils from which homeowners insurance can protect your dwelling and personal property. With the relative frequency of such events -- along with the high cost of rebuilding or repairing a home -- purchasing home insurance is a smart investment. A typical homeowners policy costs $92 per month in Cincinnati, Ohio. This less than the national average monthly cost of home insurance.

The price of a homeowners insurance policy depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home can also influence how much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more information about the specifics of home insurance coverage.

If you want to find inexpensive home insurance in Cincinnati, start with shopping around and comparing policies. Check out the below summary of average home insurance premiums in Cincinnati to help you get as much information as possible when you start your search for homeowners insurance. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.

 
Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings

 

Cincinnati home insurance by company

Homeowners insurance rates in Cincinnati vary from one insurance company to another. The most inexpensive home insurance in Cincinnati comes from Cincinnati Insurance, which offers average annual rates of just $767 per year. This is more favorable than the city’s average home insurance premium of $1,103.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest home insurance companies in Cincinnati, Ohio. Then, see our list of which home carriers ranked best for customer satisfaction

 
AFFORDABLE HOME INSURERS IN CINCINNATI
Company Average Annual Rate
Cincinnati Insurance $767
AAA $906
Allstate $921
Erie $947
State Farm $956

 

Cincinnati homeowners insurance prices by coverage level

Your chosen level of homeowners coverage has an impact on the insurance premiums you pay. Homeowners in Cincinnati who carry $200K in dwelling coverage pay an average of $816 per year, while those with coverage up to $400K pay around $1,469 per year.

 
POPULAR COVERAGE LIMITS IN CINCINNATI
Coverage Level Average Annual Rate
$100K Dwelling $566
$200K Dwelling $816
$250K Dwelling $1,004
$400K Dwelling $1,469

 

Cincinnati home insurance rates by ZIP code

Depending on which part of Cincinnati you live in, you may see a dramatic difference in your home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the neighborhood you live in could have a huge impact in what you pay for homeowners coverage.

To find the cheapest homeowners coverage in Cincinnati, look no further than 45227. In the 45227 area, homeowners policies typically cost just $1,077 per year — a full $26 less than the Cincinnati average. The below table shows the best places to live in Cincinnati if you’re looking for affordable homeowners insurance.

 
AFFORDABLE HOME INSURANCE AREAS IN CINCINNATI
ZIP Code Average Annual Home Insurance Rate
45227 $1,077
45242 $1,077
45249 $1,078

Some parts of Cincinnati, however, are prone to home insurance premiums that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which could drive up premiums in the area. An average annual rate of $1,166 makes 45221 the most expensive ZIP code in Cincinnati for homeowners coverage.

 
EXPENSIVE HOME INSURANCE AREAS IN CINCINNATI
ZIP Code Average Annual Home Insurance Rate
45221 $1,166
45235 $1,158
45234 $1,157

 

Cincinnati homeowners insurance deductibles

One of the many decisions to be made when shopping for a homeowners policy is the amount of your deductible. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. Choosing your deductible is a major determiner of how much you pay for homeowners insurance.

In short, having a higher deductible means lower insurance premiums. This means that those seeking lower home insurance costs will want to think about getting a higher deductible. It's worth remembering that a homeowners deductible should only be as high as you can reasonably pay if you actually suffer a loss.

Below are some standard deductible options offered on most home policies alongside with related average insurance rates.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN CINCINNATI
Deductible Level Average Annual Homeowners Insurance Rate
$500 $1,103
$1,000 $1,004
$1,500 $944
$2,000 $892
$5,000 $748

 

Home and auto insurance bundling in Cincinnati

You might want to consider purchasing your auto and home insurance policies through the same company if you are searching for the best overall prices. Bundling homeowners and auto insurance can be a good money-saving option. By bundling your policies, Cincinnati homeowners could see annual savings of 8% on average.

 
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN CINCINNATI
Company Avg. Annual Auto Insurance Rate (With Bundle)
GEICO $968
Progressive $975
Allstate $1,160
Liberty Mutual $1,191
State Farm $1,216

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Ross Martin photo
Ross MartinManager, Content Quality

Ross joined The Zebra as a writer and researcher in 2019. As a licensed insurance agent, he specializes in writing insurance content to help shoppers make informed decisions.

Ross holds a master's degree from Royal Holloway, University of London and has a background in copywriting and education. As a former teacher, he applies his educational skills to explain insurance concepts in ways that consumers can understand.

Ross's work has been cited by The New York Times, AxiosInvestopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.