Akron Insurance Rates:

Akron, OH home insurance is nearly $578 to $784, about $48-$65/month. Our exhaustive guide reveals consumers can save upto $272 by getting different quotes

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Akron Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Erie Insurance
Home Insurance Rate of $440/8 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $200,000

4 Beds, 4 Baths 3160 sqft Primary Residence Constructed In 1977 with Linoleum, Asphalt Shingles Roof, Slab Foundation, Vinyl siding, Wood Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $590/10 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $200,000

4 Beds, 4 Baths 3200 sqft Seasonal Residence Constructed In 1978 with Wood Flooring, Tile Roof, Slab Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Indoor Sprinklers, Copper Water Pipes, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $440/9 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $180,000

4 Beds, 4 Bath 3090 sqft Primary Residence Constructed In 1952 with Hardwood Flooring, Wood Shake Roof, Chainwall Foundation, Stucco siding, Brick Frame. Home Features Include Central Air Conditioning, Fireplace, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $430/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $165,000

4 Beds, 4 Bath 2420 sqft Primary Residence Constructed In 1941 with Hardwood Flooring, Composition Roof, Piers Foundation, Vinyl siding, Brick Frame. Home Features Include Deadbolt Locks, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

61 Years old Single Female who is Unemployed and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $380/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $170,000

5 Beds, 5 Bath 2200 sqft Seasonal Residence Constructed In 1963 with Carpet Flooring, Asphalt Shingles Roof, Slab Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Indoor Sprinklers, Swimming Pool, Central Air Conditioning, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Married Female who is a Freelancer with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $200/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $210,000

5 Beds, 5 Baths 2970 sqft Seasonal Residence Constructed In 1982 with Stone Flooring, Asphalt Shingles Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Fire Extinguisher, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

33 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $220/5 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Baths 1420 sqft Seasonal Residence Constructed In 1981 with Carpet Flooring, Wood Shake Roof, Chainwall Foundation, Stucco siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $160/7 months for $50,000-$75,000 Coverage
Policy Holder Home Details :

Home Value : $55,000

3 Beds, 3 Baths 1170 sqft Primary Residence Constructed In 1939 with Wood Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Single Male who is Retired and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Guests at home

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Akron Rates & Quotes Analysis:

Akron Area Estimated House Insurance
Bath Heights Dr, Leora Ave, Ada St, Hunter Ridge Dr, Heimbaugh Ave, Virginia Ave, Kevin Dr, McGowan St, Boltz Rd, Falcon Ave$663
Wyley Ave, Celia Ave, Tyredale Ave, Frederick Blvd, Crouse St, Aqueduct St, N Miller Rd, Medford Ave, Longview Ave, Sweitzer Ave$687
Cross Way, Barnstable Rd, Woodmont Rd, Ivan Pl, 7th St SW, Martin Luther King Blvd, Argonne Ave, Maryland Ave, W Cedar St, Guss Ave$737
Gage St Exn, Stoner St, Keystone Blvd, Kimberlyn Dr, Tressel Ave, Melba St, Shanafelt Ave, Akron Cleveland Rd, Moore St, Oak Grove Dr$717
Wyley Ave, Willowedge Dr, 9th Ave, White Pine Dr, Point Dr, Swartz Rd, Ledge Dr, Penguin Ave, Wirth Ave, Walsh Ave$671
Herberich Ave, Snyder St, E Burns Ave, Hampton Heights Dr, N Sheraton Dr, Hillier Ave, James Ave, Bent Creek Trl, Kubler Trl, Eaglenest Ave$697
Katherines Ln, Lakewood Blvd, Owego Dr, Balton Dr, Trentwood Dr, Tiffany Cir, Neil Evan Dr, Portage Lakes Dr, Smokerise Dr, W Boxwood Ave$709
Woodward Ave, Vincent St, Fairlawn Plaza Dr, Pine St, Crown St, Ritzman Ct, Janis Ave, Betz Dr, Evers Dr, Millway St$666
15th St SW, Manderly Dr, Hoffman Dr, Mulberry St, 16th St SW, Huguelet St, Penny Ln, Howe St, S Seiberling St, Pitkin Ave$646
Chapman Dr, Amberwood Dr, Harts Landing Dr, Auburndale Ave, Stanwood Ave, Forest Park Blvd, Garman Rd, Bisson Ave, Castle Blvd, Ruckel Rd$706

Insurance rates are influenced by a number of factors including:

  • Year Built: 10,860 Homes (11% of total homes ) built between 1960 to 1969 in Akron are paying home insurance between $1,192-$1,202. Places close to Akron, OH such as Summit County, Coventry, Tallmadge are more expensive by $52, $40, $73 respectively while Canton and Charlestown are cheaper by $10 and $29 respectively for similar homes.
  • Bedrooms: 12,744 1 bedroom homes (13% of total homes ) in Akron are paying about $627. Areas near to Akron such as Summit County, Coventry, Sawyerwood are costlier by $28, $21, $3 respectively whereas Canton and Charlestown are more economical by $5, $16 respectively for similar homes.
  • Auto Insurance Bundling: 7,698 Households (16% of all households) in Akron have 3 or more vehicles available and when it is bundled with home insurance you can save $170. Discounts for similar bundling in close by locations such as Summit County, Coventry, Sawyerwood come to $177, $176, $169 respectively.
  • Senior Discounts: 23,047 seniors (more than 55 years) occupied housing units (50% of total) in Akron get discounts between $102 to $104. The comparative concessions in proximate regions such as Summit County, Coventry and Sawyerwood are $106, $105 and $101 respectively.
  • New Homes discounts: New homes such as the 26,113 homes built between 2000 to 2009 in Akron can save $136 in contrast with Summit County ($142), Coventry ($140), Sawyerwood ($135).

Akron Homeowners insurance Facts

  • Akron, OH has 45,898 owner occupied houses which is 54.8% of all units whereas Summit County, Coventry and Sawyerwood have 68.39%, 68.02% and 71.18% respectively.
  • Akron, OH homeowners yearly insurance price at $681 is 0.78% of the typical house value of $87,200 which is in contrast with 0.52% in Summit County, 0.56% at Coventry & 0.85% in Sawyerwood.
  • Homeowners in Akron, OH pay 1.6% of their income ($40,000 to $44,999) in insurance whereas homeowners in Summit County, Coventry and Sawyerwood pay 1.67%, 1.66% and 1.59% respectively.
  • Akron, OH’s insurance is 5.3% of monthly housing costs of $1,072/month, for owners with a mortgage compared to 4.49% in Summit County, 5.06% at Coventry & 6.86% in Sawyerwood. But, for households without a mortgage, insurance is 14.1% of costs ($403 in Akron, OH) in contrast with 12.71% in Summit County, 12.98% at Coventry & 13.93% in Sawyerwood.

Akron, OH Home Values & Insurance rates

For example, insurance for 4,972 Homes (11.0% of total homes ) valued between $60,000 to $69,999 in Akron, OH is about $503. Rates in nearby areas in such as Summit County, Coventry, Copley are cheaper by $169, $144, $245 respectively while Sawyerwood and Canton are costlier by $45 and $51 respectively for similar homes.

Akron, OH Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 5,318 11.0% $190
$50,000 to $59,999 3,181 7.0% $408
$60,000 to $69,999 4,972 11.0% $503
$70,000 to $79,999 5,718 12.0% $585
$80,000 to $89,999 5,227 11.0% $660
$90,000 to $99,999 4,196 9.0% $735
$100,000 to $124,999 6,281 13.0% $858
$125,000 to $149,999 3,372 7.0% $1069
$150,000 to $174,999 2,545 5.0% $1266
$175,000 to $199,999 1,464 3.0% $1464
$200,000 to $249,999 1,233 2.0% $1756
$250,000 to $299,999 846 1.0% $2145
$300,000 to $399,999 753 1.0% $2730

Renters Insurance in Akron

  • Average Renters Insurance in Akron :  $250($20/month)

  • Median Gross Rent in Akron :  $673

  • Akron Renters Insurance to Median Rent Ratio:  2.97%

  • Average household size of renter-occupied unit :  2.33

Akron Renters Insurance as a Percentage of Rent

Akron Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,566 4.0% $362
$200 to $299 1,843 5.0% $812
$300 to $499 4,687 12.0% $1262
$500 to $749 14,013 38.0% $1937
$750 to $999 9,214 25.0% $2687
$1,000 to $1,499 4,616 12.0% $3812
$1,500 or more 465 1.0% $5462

Rent Affordability in Akron:

Approximately 54.0% (20,454) of households are spending more than 35% of their income on gross rent in Akron

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,137 8.0%
15.0 to 19.9 percent 3,273 8.0%
20.0 to 24.9 percent 3,127 8.0%
25.0 to 29.9 percent 4,741 12.0%
30.0 to 34.9 percent 3,088 8.0%
35.0 percent or more 20,454 54.0%

Akron Renters Insurance Discounts:

Akron Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Akron, OH Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 18,365 48.0% $25.0
2 vehicles available 7,240 19.0% $37.5
3 or more vehicles available 1,794 4.0% $50.0

Protective device discount in Akron Up to :  $37

Claims-free discount in Akron Up to :  $50

Akron, OH Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
44302 $89,700 $690
44301 $86,700 $680
44320 $80,800 $680
44305 $80,500 $690
44310 $76,700 $680
44314 $72,300 $680
44306 $71,300 $680
44307 $69,400 $680
44311 $57,400 $670
44304 $47,400 $660
44303 $155,200 $730
44313 $149,300 $720
44319 $145,600 $730
44312 $107,400 $700

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