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How to find affordable home 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.

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 factors.

 
Cleveland, Ohio, home insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Insurance bundle discounts

 

Homeowners insurance in Cleveland 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 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 home insurance costs in Cleveland 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.

 
HOMEOWNERS INSURANCE RATES IN CLEVELAND — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$581
$200K Dwelling$880
$250K Dwelling$1,036
$400K Dwelling$1,528

 

Cleveland home insurance prices 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 ZIP CODES FOR HOMEOWNERS INSURANCE IN CLEVELAND
ZIP CodeAverage 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 AREAS FOR HOMEOWNERS INSURANCE IN CLEVELAND
ZIP CodeAverage Annual Home Insurance Rate
44115$1,233
44106$1,225
44104$1,223

 

Homeowners insurance deductibles in Cleveland

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.

 
HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE TIER IN CLEVELAND
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,139
$1,000$1,036
$1,500$974
$2,000$921
$5,000$774

 

Money-saving tip: bundle home and auto insurance 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 WITH HOME BUNDLE IN CLEVELAND
CompanyAvg. Annual Auto Insurance Rate (With 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.

 

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

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.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.