Parma Insurance Rates:

Parma, OH home insurance is about $596 to $807, about $49-$67/month. Our thorough analysis reveals consumers can save upto $280 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

Parma, Ohio Homeowners share reviews on which insurance providers you can trust. Compare & buy the cheapest quotes.

Parma Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $470/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

5 Beds, 5 Baths 2710 sqft Primary Residence Constructed In 1986 with Carpet over wood flooring, Wood Shake Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Fireplace, Indoor Sprinklers, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

36 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $100/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $215,000

5 Beds, 5 Bath 3130 sqft Rental Property Constructed In 1956 with Ceramic Tile Flooring, Metal Roof, Crawl Space Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

44 Years old Single Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $160/4 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $135,000

3 Beds, 3 Baths 1930 sqft Vacation Property Constructed In 1943 with Linoleum, Tile Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

45 Years old Single Male who is Unemployed and has 2 Pets and is a Non-Smoker

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

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $350/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Baths 2120 sqft Seasonal Residence Constructed In 1956 with Linoleum, Metal Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

43 Years old Single Male who has a Full 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

  • 800-850 Credit Score

Home Insurance Rate of $450/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $195,000

4 Beds, 4 Bath 3060 sqft Vacation Property Constructed In 1948 with Wood Flooring, Membrane Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Deadbolt Locks, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

44 Years old Single Female who is Unemployed and has No Pets and is a Non-Smoker

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

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $190/7 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Baths 2220 sqft Primary Residence Constructed In 1973 with Linoleum, Slate Shingles Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Swimming Pool, Copper Water Pipes, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

43 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $160/6 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $150,000

3 Beds, 3 Bath 2270 sqft Seasonal Residence Constructed In 1958 with Stone Flooring, Tile Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Fireplace, Swimming Pool, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

59 Years old Married 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 :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $440/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 2290 sqft Seasonal Residence Constructed In 1967 with Wood Flooring, Composition Roof, Crawl Space Foundation, Stucco siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Smoke Alarm, Copper Water Pipes, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

24 Years old Divorced Female who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $220/7 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $95,000

3 Beds, 3 Baths 1270 sqft Vacation Property Constructed In 1985 with Stone Flooring, Slate Shingles Roof, Crawl Space Foundation, Vinyl siding, Wood Frame. Home Features Include Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

37 Years old Single 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 :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

Parma, OH Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
44134 $120,800 $700
44129 $115,600 $710

Parma Rates & Quotes Analysis:

Parma Area Estimated House Insurance
Nelson Dr, Hidden Valley Ln, Thoreau, Wolf Ave, Chevrolet Blvd, Buckingham Dr, Saint Petersburg Dr, Avalon Dr, Fruitland Dr, Woodbury Hills Dr$723
Wexford Ave, Johnson Dr, Green Acres Dr, Woodrow Ave, Millerwood Ln, Neil Dr, Wood Ave, Lynett Dr, Jameson Rd, Robinhood Dr$713
Hauserman Rd, Green Valley Dr, Wales Ave, Bauerdale Ave, Fenway Dr, Covington Ave, Mayberry Dr, Fleger Dr, Southington Dr, Trevor Ln$715
Marko Ln, Heresford Dr, S Linden Ln, Hetzel Dr, Alexander Dr, Pinegrove Ave, Norris Ave, Stanbury Rd, Augustine Dr, Fort Myers Ct$723
Holburn Rd, Charles Ave, Wake Robin Dr, Hearthstone Rd, Sharon Dr, Wainstead Dr, North Ave, Dell Haven Dr, Manassas Oval, N Church Dr$713

Insurance rates are influenced by a number of factors including:

  • Year Built: 4,116 Homes (11% of total) built between 1970 to 1979 in Parma are paying home insurance between $1,137-$1,148 and varies from Seven Hills (+$46), Brooklyn Heights (+$42), Middleburg Heights (+$40), Linndale (-$46) and Newburgh Heights (-$38).
  • Bedrooms: 4,343 4 bedrooms homes (12% of total homes ) in Parma are paying about $1,051 compared to Seven Hills (+$44), Brooklyn Heights (+$39), Middleburg Heights (+$38), Linndale (-$42) and Newburgh Heights (-$34).
  • Auto Insurance Bundling: 5,285 Households (21% of all households) in Parma have 3 or more vehicles available and when it is bundled with home insurance you can save $175 compared to Parma Heights ($175), Seven Hills ($182), Brooklyn ($175).
  • Senior Discounts: 12,708 seniors (more than 55 years) occupied housing units (50% of total) in Parma get discounts between $105 to $107. The comparative concessions in proximate regions such as Parma Heights, Seven Hills and Middleburg Heights are $105, $109 and $108 respectively.
  • New Homes discounts: New homes such as the 16,851 homes built between 2000 to 2009 in Parma can save $140 compared to Parma Heights ($140), Seven Hills ($146), Brooklyn ($140).

Parma Homeowners insurance Facts

  • Parma, OH has 25,065 owner occupied houses which is 75.0% of all units whereas Parma Heights, Seven Hills and Brooklyn have 58.17%, 94.87% and 57.46% respectively.
  • Parma, OH homeowners yearly insurance price at $701 is 0.58% of the typical house value of $121,600 which is in contrast with 0.57% in Parma Heights, 0.43% at Seven Hills & 0.59% in Brooklyn.
  • Homeowners in Parma, OH pay 14.02% of their income (Less than $10,000) in insurance whereas homeowners in Parma Heights, Seven Hills and Brooklyn pay 14.04%, 14.6% and 14.0% respectively.
  • Parma, OH’s insurance is 4.6% of monthly housing costs of $1,263/month, for owners with a mortgage compared to 4.52% in Parma Heights, 4.04% at Seven Hills & 4.65% in Brooklyn. But, for households without a mortgage, insurance is 12.5% of costs ($468 in Parma, OH) in contrast with 12.53% in Parma Heights, 10.14% at Seven Hills & 13.17% in Brooklyn.

Parma, OH Home Values & Insurance rates

For example, insurance for 3,218 Homes (12.0% of total homes ) valued between $150,000 to $174,999 in Parma, OH is about $932. Rates in nearby areas in such as Parma Heights, Seven Hills, Brooklyn Heights are cheaper by $6, $239, $220 respectively while Brooklyn and Linndale are costlier by $20 and $575 respectively for similar homes.

Parma, OH Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 782 3.0% $140
$60,000 to $69,999 333 1.0% $371
$70,000 to $79,999 667 2.0% $427
$80,000 to $89,999 1,536 6.0% $483
$90,000 to $99,999 2,625 10.0% $546
$100,000 to $124,999 7,498 29.0% $630
$125,000 to $149,999 5,713 22.0% $792
$150,000 to $174,999 3,218 12.0% $932
$175,000 to $199,999 1,162 4.0% $1079
$200,000 to $249,999 960 3.0% $1296
$250,000 to $299,999 258 1.0% $1584

Renters Insurance in Parma

  • Average Renters Insurance in Parma :  $193($16/month)

  • Median Gross Rent in Parma :  $727

  • Parma Renters Insurance to Median Rent Ratio:  2.2%

  • Renter occupied housing units in Parma :  8,364

Parma Renters Insurance as a Percentage of Rent

Parma Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 127 1.0% $798
$300 to $499 256 3.0% $1248
$500 to $749 3,959 49.0% $1923
$750 to $999 2,030 25.0% $2673
$1,000 to $1,499 1,418 17.0% $3798
$1,500 or more 114 1.0% $5448

Rent Affordability in Parma:

Approximately 43.0% (3,656) of households are spending more than 35% of their income on gross rent in Parma

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 834 9.0%
15.0 to 19.9 percent 1,105 13.0%
20.0 to 24.9 percent 1,026 12.0%
25.0 to 29.9 percent 1,132 13.0%
30.0 to 34.9 percent 611 7.0%
35.0 percent or more 3,656 43.0%

Parma Renters Insurance Discounts:

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

Number of Vehicles in Parma, OH Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 4,382 52.0% $19.3
2 vehicles available 2,258 26.0% $28.95
3 or more vehicles available 504 6.0% $38.6

Protective device discount in Parma Up to :  $28

Claims-free discount in Parma Up to :  $38