Toledo Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Toledo


Home insurance is a hugely important part of owning a home. Along with your personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Events like this occur regularly. When paired with the high cost of repairing or rebuilding a home, investing in an expansive 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. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Find out more information about what is covered by a homeowners insurance policy.

If you want to find cheap homeowners insurance in Toledo, start with shopping around and comparing a variety of different policies. . Have a look at the summary below comparing average homeowners insurance premiums in Toledo to begin your home insurance search with as much knowledge as possible. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


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

Home insurance in Toledo by insurance company

Homeowners insurance rates in Toledo vary from one insurance company to another. The most affordable home insurance in Toledo is Cincinnati Insurance offering average annual rates at just $745 per year. This is considerably cheaper than the city’s average homeowners premium of $1,170.

Begin your search for a home insurance policy by reviewing the cheapest companies in Toledo, Ohio, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN TOLEDO
CompanyAverage Annual Rate
Cincinnati Insurance$745
Farmers$855
Travelers$900
AAA$951
Grange Insurance$1,005

Average homeowners insurance costs in Toledo by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . Homeowners in Toledo who carry $200K in dwelling coverage pay an average of $838 per year, while those with coverage up to $400K pay around $1,465 per year.


HOMEOWNERS INSURANCE RATES IN TOLEDO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$838
$400K Dwelling$1,465

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Toledo home insurance rates by ZIP code

Depending on the part of Toledo you live in, you may 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 neighborhood you live in could have a huge impact in what you pay for insurance.

The cheapest home insurance rates in Toledo are available in 43615. In 43615, the typical home insurance policy costs $1,131 per year — $39 less than the citywide average in Toledo. Find the best places to live in Toledo for cheap home insurance by looking at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN TOLEDO
ZIP CodeAverage Annual Home Insurance Rate
43615$1,131
43617$1,132
43623$1,134

Other parts of Toledo, however, have home insurance costs that are higher on average. Such areas might face a higher probability of perils such as severe weather and fires. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. The most expensive ZIP code for homeowners insurance in Toledo is 43604, where the average annual rate is $1,216.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN TOLEDO
ZIP CodeAverage Annual Home Insurance Rate
43604$1,216
43620$1,216
43607$1,215



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

If saving money is something you are worried about, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can be a good money-saving option. In fact, bundling policies in Toledo leads to average annual savings of 10%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN TOLEDO
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Erie$731
GEICO$755
State Farm$804
Progressive$945
Nationwide$1,123

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. Call 855-493-9728 to speak with an expert today.


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