Lima Insurance Rates:

Lima, OH home insurance is approximately $571 to $773, about $47-$64/month. Our thorough research indicates shoppers can save upto $268 by getting multiple quotes

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Lima Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $20/1 month for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $75,000

2 Beds, 2 Bath 1080 sqft Vacation Property Constructed In 1972 with Linoleum, Asphalt Shingles Roof, Piers Foundation, Vinyl siding, Brick Frame. Home Features Include Indoor Sprinklers, Deadbolt Locks, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $180/6 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $100,000

4 Beds, 4 Bath 2140 sqft Seasonal Residence Constructed In 1941 with Stone Flooring, Tile Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Married Female who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $130/4 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

3 Beds, 3 Baths 1860 sqft Primary Residence Constructed In 1977 with Carpet Flooring, Tile Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Central Air Conditioning, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

48 Years old Single Male who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $190/10 months for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $90,000

3 Beds, 3 Baths 1500 sqft Primary Residence Constructed In 1978 with Hardwood Flooring, Composition Roof, Slab Foundation, Wood siding, Metal Frame Construction. Home Features Include Swimming Pool, Central Air Conditioning, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

34 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $200/8 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $90,000

3 Beds, 3 Bath 1680 sqft Primary Residence Constructed In 1956 with Carpet Flooring, Wood Shake Roof, Slab Foundation, Stone Siding, Brick Frame. Home Features Include Fire Extinguisher, Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

26 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $60/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $105,000

2 Beds, 2 Bath 1580 sqft Primary Residence Constructed In 1956 with Carpet Flooring, Membrane Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Central Air Conditioning, Deadbolt Locks, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

47 Years old Married Female who is a Freelancer with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $580/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

4 Beds, 4 Baths 2300 sqft Vacation Property Constructed In 1954 with Wood Flooring, Composition Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

70 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has 1 Pet and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $80/8 months for $25,000-$50,000 Coverage
Policy Holder Home Details :

Home Value : $50,000

2 Beds, 2 Baths 1037 sqft Primary Residence Constructed In 1937 with Wood Flooring, Metal Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

51 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Lima, OH Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
45801 $80,600 $680
45804 $61,100 $670
45805 $101,700 $690

Lima Rates & Quotes Analysis:

Lima Area Estimated House Insurance
Englewood Rd, S Woodlawn Ave, Sheridan Dr, S Central Ave, N Union St, Aspen Dr, W Ford Ave, N Baxter St, Dingledine Ave, Franklin St$685
N Kirk Ave, Edsel Ave, Knollwood Dr, N Jefferson St, Peacock Dr, Saratoga Ave, Lucille Dr, Cambridge Pl, Arlington Dr, W 16th St$665
W Chapman Ave, Town Line Rd, N Shore Dr, Yorkshire Dr, Lark Ave, S Pine St, Garland Ave, Ashwood Ave, Haller St, Kenmore St$690
Carlisle Ave, W Grand Ave, Columbia Dr, Ernest Dr, E Lane Ave, Lenore Ave, Victory Ave, Bay Cir, N Kenilworth Ave, Superior Ct$680
Trolley Ave, Ontario St, Shearin Ave, Fett Ave, N Mc Donel St, Wells Dr, N Lawnwood Dr, Clyde Ave, W McKibben St, Hazel Ave$709

Insurance rates are influenced by a number of factors including:

  • Year Built: 5,789 Homes (33% of total homes ) built between 1939 or earlier in Lima are paying home insurance between $1,437-$1,447. Places close to Lima, OH such as Allen County, American, Fort Shawnee are more expensive by $40, $55, $54 respectively while Vaughnsville and Alger are cheaper by $18 and $11 respectively for similar homes.
  • Bedrooms: 8,074 3 bedrooms homes (47% of total homes ) in Lima are paying about $792. Areas near to Lima such as Allen County, American, Fort Shawnee are costlier by $24, $32, $31 respectively whereas Vaughnsville and McGuffey are more economical by $4, $9 respectively for similar homes.
  • Auto Insurance Bundling: 1,338 Households (18% of all households) in Lima have 3 or more vehicles available and when it is bundled with home insurance you can save $168. Discounts for similar bundling in close by locations such as Allen County, American, Fort Shawnee come to $173, $174, $174 respectively.
  • Senior Discounts: 3,609 seniors (more than 55 years) occupied housing units (49% of total) in Lima get discounts between $100 to $102 and varies from Allen County ($103), American ($104), Shawnee ($106).
  • New Homes discounts: New homes such as the 4,415 homes built between 2000 to 2009 in Lima can save $134 and differs from Allen County ($138), American ($139), Fort Shawnee ($139).

Lima Homeowners insurance Facts

  • Lima, OH has 7,234 owner occupied houses which is 49.8% of all units whereas Allen County, American and Fort Shawnee have 69.59%, 73.73% and 87.28% respectively.
  • Lima, OH homeowners yearly insurance price at $672 is 0.94% of the typical house value of $71,500 which is in contrast with 0.66% in Allen County, 0.59% at American & 0.61% in Fort Shawnee.
  • Homeowners in Lima, OH pay 13.44% of their income (Less than $10,000) in insurance whereas homeowners in Allen County, American and Fort Shawnee pay 13.84%, 13.98% and 13.96% respectively.
  • Lima, OH’s insurance is 6.2% of monthly housing costs of $901/month, for owners with a mortgage compared to 5.3% in Allen County, 4.99% at American & 5.18% in Fort Shawnee. But, for households without a mortgage, insurance is 16.7% of costs ($336 in Lima, OH) in contrast with 14.82% in Allen County, 14.14% at American & 14.88% in Fort Shawnee.

Lima, OH Home Values & Insurance rates

For example, insurance for 240 Homes (3.0% of total homes ) valued between $125,000 to $149,999 in Lima, OH is about $1,290. Rates in nearby areas in such as Allen County, American, Fort Shawnee are cheaper by $384, $480, $460 respectively while Alger and McGuffey are costlier by $139 and $316 respectively for similar homes.

Lima, OH Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,922 26.0% $228
$50,000 to $59,999 632 8.0% $490
$60,000 to $69,999 882 12.0% $604
$70,000 to $79,999 1,241 17.0% $698
$80,000 to $89,999 771 10.0% $792
$90,000 to $99,999 402 5.0% $887
$100,000 to $124,999 538 7.0% $1028
$125,000 to $149,999 240 3.0% $1290
$150,000 to $174,999 254 3.0% $1525
$200,000 to $249,999 177 2.0% $2116
$250,000 to $299,999 77 1.0% $2587

Renters Insurance in Lima

  • Average Renters Insurance in Lima :  $276($23/month)

  • Median Gross Rent in Lima :  $608

  • Lima Renters Insurance to Median Rent Ratio:  3.78%

  • Renter occupied housing units in Lima :  7,299

Lima Renters Insurance as a Percentage of Rent

Lima Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 481 6.0% $369
$200 to $299 298 4.0% $819
$300 to $499 1,505 21.0% $1269
$500 to $749 2,609 37.0% $1944
$750 to $999 1,466 21.0% $2694
$1,000 to $1,499 445 6.0% $3819
$1,500 or more 151 2.0% $5469

Rent Affordability in Lima:

Approximately 54.0% (3,949) of households are spending more than 35% of their income on gross rent in Lima

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 680 9.0%
15.0 to 19.9 percent 610 8.0%
20.0 to 24.9 percent 787 10.0%
25.0 to 29.9 percent 775 10.0%
30.0 to 34.9 percent 498 6.0%
35.0 percent or more 3,949 54.0%

Lima Renters Insurance Discounts:

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

Number of Vehicles in Lima, OH Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 3,494 47.0% $27.6
2 vehicles available 1,573 21.0% $41.4
3 or more vehicles available 334 4.0% $55.2

Protective device discount in Lima Up to :  $41

Claims-free discount in Lima Up to :  $55