Cleveland Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Cleveland


Home insurance is a hugely important part of owning a home. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, having a home insurance policy is a solid investment.

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. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance policies may be more expensive to account for the extra risk. Discover more info about what a home insurance policy covers.

If you want to find affordable home insurance coverage in Cleveland, start with looking around and comparing a variety of different policies. Have a look at the summary below comparing average Cleveland homeowners insurance rates to ensure you start your search with as much background info as possible. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


Cleveland, Ohio, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Cleveland by insurance company

Homeowners insurance rates in Cleveland vary from one insurance company to another. The most affordable home insurance in Cleveland is Cincinnati Insurance offering average annual rates at just $754 per year. This is considerably cheaper than the city’s average homeowners premium of $1,165.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Cleveland, Ohio.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN CLEVELAND
CompanyAverage Annual Rate
Cincinnati Insurance$754
Farmers$764
Grange Insurance$871
Allstate$965
AAA$971

Average homeowners insurance costs in Cleveland by coverage level

The amount of home coverage you select has an impact on the insurance premiums you pay. In Cleveland, carrying $200K dwelling coverage costs an average of $880, while carrying additional coverage up to $400K costs $1,539 per year.


HOMEOWNERS INSURANCE RATES IN CLEVELAND — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$880
$400K Dwelling$1,539

Speak with a homeowners insurance expert

Cleveland home insurance prices by ZIP code

Depending on the part of Cleveland you live in, you might see vastly different 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 location of your home could have a huge impact in what you pay for homeowners coverage.

If you're looking for the most affordable home insurance premiums in Cleveland, take at look at the 44144 ZIP code. In the 44144 area, homeowners policies typically cost just $1,079 per year on average, which isa full $86 less than the Cleveland average. The below table shows the best places to live in Cleveland if you’re looking for affordable homeowners insurance.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN CLEVELAND
ZIP CodeAverage Annual Home Insurance Rate
44144$1,079
44135$1,113
44121$1,119

Other areas of Cleveland, however, face homeowners rates that surpass the city average . These areas might face a higher danger of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. One of the costliest ZIP codes for homeowners insurance in Cleveland is 44115, with an annual average rate of $1,233.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN CLEVELAND
ZIP CodeAverage Annual Home Insurance Rate
44115$1,233
44106$1,225
44104$1,223



Get a homeowners insurance quote


Money-saving tip for home and auto insurance in Cleveland: bundling

If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance can be a good money-saving option. In fact, bundling policies in Cleveland leads to average annual savings of 10%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN CLEVELAND
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Erie$739
GEICO$750
State Farm$841
Progressive$1000
Nationwide$1,170

Bundling your homeowners and auto policies can be a great way to save some money on insurance. To speak with an insurance professional, reach out to us at 855-493-9728 today.


Need homeowners insurance?