Key Takeaways
- Cincinnati Insurance is the cheapest insurance company in Columbus, with an average annual rate of $882.
- On average, Columbus homeowners pay $1,287 a year for insurance — just $2 more than the statewide average cost.
- Compared to the average rate nationwide, Columbus homeowners pay over $600 less per year.
In this article
Average home insurance rates in Columbus
The average cost of home insurance in Columbus is $1,287 a year, or $107 a month.
That’s mostly in line with the statewide average of $1,285 a year — or just $2 less.
Home insurance rates hinge on a variety of factors, including your home’s age, location and construction style. Your insurance claim history also plays an important role.
Your deductible amount figures into what you pay for home insurance, too. As shown below, the average yearly premium in Columbus is lower for those who have a higher deductible:
| Deductible | Annual premium |
|---|---|
| $500 | $1,365 |
| $1,000 | $1,287 |
| $1,500 | $1,210 |
| $2,000 | $1,154 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much dwelling coverage you need determines your home insurance premium as well. Here’s a breakdown for some common dwelling coverage amounts:
| Dwelling coverage amount | Annual premium |
|---|---|
| $200,000 | $1,104 |
| $275,000 | $1,287 |
| $350,000 | $1,499 |
| $425,000 | $1,726 |
| $500,000 | $1,950 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Compare home insurance rates in Columbus
Cheapest home insurance companies in Columbus
Cincinnati Insurance has the cheapest rates in Columbus, offering coverage for $882 a year, on average.
Erie Insurance and American Family are other affordable options. They charge $1,017 and $1,058 a year, respectively.
| Insurance company | Annual premium |
|---|---|
| Cincinnati Insurance | $882 |
| Erie Insurance | $1,017 |
| American Family | $1,058 |
| Westfield | $1,076 |
| USAA* | $1,153 |
| Nationwide | $1,392 |
| State Farm | $1,453 |
| Grange | $1,682 |
| Allstate | $1,873 |
| Citywide average | $1,287 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
To get the cheapest rate for the coverage you need, compare home insurance quotes from several companies.
Columbus' best home insurance companies
We found Cincinnati Insurance and American Family to be the best home insurance providers in Columbus, Ohio. Here’s why:
Best rates: Cincinnati Insurance
Cincinnati Insurance is the cheapest home insurance provider in Columbus, with an average annual premium of $882.
You may be able to get even cheaper home insurance from Cincinnati than this, as it offers a ton of discounts. Some examples:
- Installing a home security system
- Bundling both home and auto coverage through Cincinnati Insurance
- Owning a newer home
- Reporting few to no claims
Also, Cincinnati Insurance scores highly in terms of customer satisfaction. The company tops the National Association of Insurance Commissioners (NAIC) Complaint Index — which ranks companies based on the number of customer complaints — for all providers in Columbus.
Best customer satisfaction: American Family
American Family has the best customer satisfaction ratings for home insurers in Columbus. In terms of J.D. Power’s satisfaction score, the company scores the highest of all providers citywide.
What’s more, American Family also offers extremely competitive rates. The company has the third-lowest average cost in Columbus, charging $1,058 a year.
Customer service ratings for Columbus home insurance companies
On J.D. Power’s trusted list of customer satisfaction scores, American Family’s score of 842 is the highest among Columbus providers.
USAA also scores extremely high, although those rates are reserved for military members and their families.
J.D. Power’s customer satisfaction scores are based on customer surveys that rate home insurers on interaction, policy offerings, price, billing process, policy information and claims. Higher scores are better than lower ones.
| Insurance company | Overall satisfaction score |
|---|---|
| Allstate | 815 |
| Nationwide | 816 |
| Erie Insurance | 827 |
| State Farm | 829 |
| American Family | 842 |
| Westfield | Not included |
| Cincinnati Insurance | Not included |
| Grange | Not included |
| USAA | 884* |
| Source: J.D. Power 2022 U.S. Home Insurance Study. *Brand is not rank eligible because it does not meet study award criteria. | |
Unlike the J.D. Power scores, the NAIC Complaint Index compares insurance companies by confirmed complaints. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected.
In Columbus, Cincinnati Insurance is the best-rated company, with a low score of 0.06.
| Insurance company | Compliant Index rating |
|---|---|
| Cincinnati Insurance | 0.06 |
| Westfield | 0.14 |
| Erie Insurance | 0.14 |
| USAA | 0.31 |
| Grange | 0.32 |
| Allstate | 0.33 |
| American Family | 0.33 |
| State Farm | 0.35 |
| Nationwide | 0.54 |
| Source: National Association of Insurance Commissioners (2022 data) | |
Home insurance risks in Columbus
Columbus homeowners are at a high risk for tornadoes, as the city experiences more on average than most American cities — or even most cities in Ohio.
Most homeowners insurance policies cover the wind and hail brought on by these storms. But tornados — as well as thunderstorms — can also cause floods. Usually, flood damage is not covered by a standard policy.
Flood insurance in Ohio
While the typical home insurance policy won’t cover damage from flooding, you can buy flood insurance separately to protect your home and belongings.
You can often purchase coverage through the National Flood Insurance Program (NFIP) or from certain private companies.
Frequently asked questions
On average, home insurance costs $1,287 a year in Columbus. That breaks down to $107 a month.
Cincinnati Insurance is the most affordable provider in Columbus, charging $882 a year. Erie Insurance and American Family are the next-cheapest options.
Ohio law does not state that homeowners must have insurance. However, most lenders require it, meaning those with a mortgage will likely need to get it.
Methodology
We collected quotes from every ZIP code in Columbus, Ohio, for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Home insurance by city
- Columbus
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