How to find affordable homeowners insurance in Cleveland
A critical consideration for every homeowner should be insurance coverage for your home. Home insurance policies provide coverage against fire, wind damage, and theft for your home and the contents inside it. Incidents like this occur often. When paired with the high cost of repairing or rebuilding a house, investing in a far-reaching homeowners policy can seem like a great idea. The average homeowners policy costs $97 per month in Cleveland, Ohio. This is under the national average.
What you pay for homeowners insurance factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. 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 about what is covered by a homeowners insurance policy.
If you want to find cheap home insurance coverage in Cleveland, start with shopping around and comparing a variety of different policies. Check out the below summary of average home insurance rates in Cleveland to begin your homeowners insurance search with as much information as you can. Remember: your homeowners insurance rates may vary based on your coverage limits and other rating factors.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
Cleveland home insurance by company
Homeowners insurance rates in Cleveland vary from one insurance company to another. Cincinnati Insurance offers the most affordable home insurance in Cleveland, at just $754 per year. This compares favorably to 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 best-priced home insurance carriers in Cleveland, Ohio. You can also view our guide ranking the best homeowners insurance companies by the results of The Zebra's Customer Satisfaction Survey, third-party ratings, and other factors.
AFFORDABLE HOME INSURERS IN CLEVELAND
| Company | Average Annual Rate |
| Cincinnati Insurance | $754 |
| Farmers | $764 |
| Grange Insurance | $871 |
| Allstate | $965 |
| AAA | $971 |
Cleveland homeowners insurance prices by coverage level
How much you pay for home insurance coverage is greatly affected by the level of coverage you choose. In Cleveland, carrying $200K dwelling coverage costs an average of $880, while carrying additional coverage up to $400K costs $1,528 per year.
POPULAR COVERAGE LIMITS IN CLEVELAND
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $581 |
| $200K Dwelling | $880 |
| $250K Dwelling | $1,036 |
| $400K Dwelling | $1,528 |
Cleveland home insurance rates by ZIP code
Not every area of Cleveland has equal home insurance costs. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.
To find the cheapest home insurance rates in Cleveland, look no further than 44144. In the 44144 area, homeowners policies typically cost just $1,079 per year — a full $86 less than the Cleveland average. Find the best places to live in Cleveland for cheap home insurance by looking at the following table.
AFFORDABLE HOME INSURANCE AREAS IN CLEVELAND
| ZIP Code | Average Annual Home Insurance Rate |
| 44144 | $1,079 |
| 44135 | $1,113 |
| 44121 | $1,119 |
Some parts of Cleveland, however, have home insurance rates that are higher on average. Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. With an annual average premium of $1,233, 44115 comes in as the priciest ZIP code in Cleveland for homeowners insurance.
EXPENSIVE HOME INSURANCE AREAS IN CLEVELAND
| ZIP Code | Average Annual Home Insurance Rate |
| 44115 | $1,233 |
| 44106 | $1,225 |
| 44104 | $1,223 |
Cleveland homeowners insurance deductibles
One of the many decisions that you will make when shopping for a homeowners policy is the amount of your deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Where you choose to set your homeowners deductible is linked to how much you pay in insurance premiums.
When selecting a deductible, keep in mind that the higher your deductible is, the lower your premiums will be. Therefore, you may want to think about setting a higher deductible if you aim to lock in lower rates. It's worth mentioning that your deductible should only be as high as you can reasonably pay in the case of an actual loss.
Below you'll find some commonplace deductibles offered by most home insurance companies as well as with related average insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN CLEVELAND
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $1,139 |
| $1,000 | $1,036 |
| $1,500 | $974 |
| $2,000 | $921 |
| $5,000 | $774 |
Home and auto insurance bundling in Cleveland
You might want to consider bundling your auto and homeowners policies through the same company if saving money is one of your concerns. Bundling home and auto insurance can be a good money-saving option. By bundling your policies, Cleveland homeowners could see annual savings of 10% on average.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN CLEVELAND
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| Erie | $739 |
| GEICO | $750 |
| State Farm | $841 |
| Progressive | $1000 |
| Nationwide | $1,170 |
