Best Homeowners Insurance In Ohio For November, 2024

Farmers ranks at the top for its perks and also receives a high score for its “online experience,” which is known for clearly communicating these perks and discounts to both current and potential customers. These perks include:

• Declining Deductible: For every year your policy remains active, you’ll earn $50 toward lowering your deductible.
• Claim-Free Discount: Get a discount on your home insurance after three years without filing a claim.
• Guaranteed Replacement Cost: Farmers will cover the full cost of rebuilding your home, no matter how expensive it is.
• Claim Forgiveness: If you’ve been claim-free for five years with Farmers, your premiums won’t rise after a claim.
• Multi-Policy Savings: Save up to 34% on home insurance when you bundle multiple policies through Farmers.

Farmers’ overall rating of 9.3/10 accounts for its lower customer satisfaction scores for policyholder service as reported by J.D. Power.

State Farm was rated as our top overall option due to its strong agent network in Ohio, high customer satisfaction ratings, and affordable rates. Its high J.D. Power service ratings are especially important due to the presence of agents, claims adjusters, and claims offices in Ohio, particularly after major storms like tornadoes.

At State Farm, a basic homeowners policy can be expanded with additional coverage options, such as protection for meeting new legal codes, identity theft coverage, or insurance for high-value items like jewelry and collectibles. State Farm’s financial strength is rated A++ by AM Best, the highest rating possible.

You can start a quote online with State Farm, but buying a policy will involve a local agent. Once you’re a policyholder, the website and app allow you to manage your account, file claims, and opt for paperless billing. There’s also a helpful resource library on the website to learn about insurance.

Nationwide is rated A+ (Superior) for financial strength by AM Best but performs poorly in customer satisfaction due to many negative online reviews. That said, the company has a wide network of agents with many local offices in Ohio.

Nationwide offers coverage in its standard home insurance policy that sets it apart from many others, including reimbursement for credit card fraud and coverage to rebuild in line with updated building codes.

One way to enhance your coverage is by choosing the Better Roof Replacement option, which ensures upgraded roofing materials are covered if they need to be replaced after a qualified event.

By choosing the Brand New Belongings option, you’ll have replacement cost coverage for your belongings. If they are damaged or destroyed, you’ll get reimbursed for the depreciated value, and after replacing them, you can send receipts to Nationwide to cover the difference.

Chubb offers the lowest home insurance rates in Ohio, averaging $1,362 per year—$1,170 less than the state’s typical policy cost.

Chubb offers the most affordable home insurance rates in Ohio while still delivering top-notch coverage, especially for high-value homes. Known for financial strength and excellent customer service, their policies include extended replacement cost coverage, so your items are repaired or replaced, even if their value has dropped.

Offering 11 home insurance discounts, Allstate stands above the industry average of seven. From my perspective as an analyst, a few of these discounts are particularly unique.

The following discounts are available with Allstate:

Claims forgiveness: Prevents your premium from rising after a claim.
Claims-free: Get 5% back at renewal if you stay claims-free.
Deductible reward: Receive $100 off your deductible when signing up.
Bundle: Save up to 25% by bundling home and auto policies.
Automatic payment: Enjoy up to 5% savings with automatic payments.
Loyalty: Save up to 10% by renewing your policy with Allstate.
Home buyer: Discount available for those who recently purchased a home.
New home: Discount for insuring a newly built property.
Responsible payment: Extra discount for keeping a good payment record.
Early payment: Save up to 10% by purchasing a new policy at least a week in advance.
Protective device: Discount for installing fire and theft protection systems.

Allstate exceeds the industry average of five by providing homeowners with nine optional coverage types. Besides commonly offered options like ID theft protection and scheduled personal property, Allstate includes yard and garden insurance, increasing coverage limits for landscaping and riding mowers.