Renters insurance in Ohio: Cost, best companies and how to save

What is the average cost of renters insurance in Ohio?

The average renters insurance cost in Ohio is $231 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$231
Average monthly premium	$19

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Best renters insurance company in Ohio: Auto-Owners

Auto-Owners ranks as the best renters insurance company in Ohio, earning a top score among the carriers we surveyed. Its average rate is $199 per year.

Erie Insurance and American Family are also among the top insurance companies for renters insurance in Ohio.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Ohio, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Ohio.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Auto-Owners	$199	A++	0.33	5
Erie Insurance	$219	A+	0.38	4.76
American Family	$327	A	0.37	4.38
Nationwide	$225	A+	0.87	3.74
Allstate	$225	A+	0.9	3.68
State Farm	$265	A++	0.95	3.53
Travelers	$555	A++	0.54	3.47
Grange Mutual	$151	B++	0.93	2.97

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Cheapest renters insurance in Ohio

Our analysis shows that Grange Mutual is the cheapest renters insurance company in Ohio, with an average annual premium of $151.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Ohio along with their average annual premiums.

Company name	Average annual premium
Grange Mutual	$151
Auto-Owners	$199
Erie Insurance	$219
Allstate	$225
Nationwide	$225
State Farm	$265
American Family	$327
Travelers	$555
USAA	$152

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Ohio renters insurance: The least and most expensive ZIP codes

Where you live in Ohio directly affects the cost of your renters insurance. The most expensive ZIP code in Ohio is 43601, where the average annual premium is $300. This is $69 more than higher than the average rate.

On the other hand, 44070 is the least expensive ZIP code for renters insurance with an average annual premium of $205 a year.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
43601	$300
43608	$297
43610	$292
45423	$290
43604	$285
43609	$283
43620	$282
43605	$279
45861	$277
45055	$275

ZIP code	Average annual rate
44070	$205
44017	$206
44130	$207
45713	$246
43984	$261
44640	$264
45870	$267
45897	$269
43611	$272
45417	$274

Renters insurance cost in Ohio by city

Renters insurance rates vary widely across cities in Ohio, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

City	Annual insurance premium
Akron	$225
Canton	$221
Cincinnati	$232
Cleveland	$225
Columbus	$225
Dayton	$244
Hamilton	$234
Lorain	$212
Toledo	$276

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How to save on renters insurance in Ohio

There are several easy ways to lower the cost of renters insurance in Ohio without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Ohio renters insurance

Do I need renters insurance in Ohio?

You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.

How much renters insurance do I need in Ohio?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.