Akron ,OH Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Akron, OH homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Akron, OH is $1392. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Akron, OH. VHome Insurance will help you navigate the world of homeowners insurance coverages in Akron, OH.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $557 |
| $200,000 | $947 |
| $300,000 | $1,169 |
| $400,000 | $1,782 |
| $500,000 | $2,241 |
Home insurance costs in Akron can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 044302 | $1,320 |
| 44301 | $1,311 |
| 44320 | $1,312 |
| 44305 | $1,308 |
| 44310 | $1,307 |
| 44314 | $1,300 |
| 44306 | $1,299 |
| 44307 | $1,294 |
| 44311 | $1,279 |
| 44304 | $1,300 |
| 44303 | $1,390 |
| 44313 | $1,388 |
| 44319 | $1,378 |
| 44312 | $1,341 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Akron, OH, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,427 |
| $1000 Deductible | $1,276 |
| $1500 Deductible | $1,204 |
| $2500 Deductible | $1,086 |
| $5000 Deductible | $919 |
| Home Insurance Company Near Akron, OH | Homeowners Insurance Agency Near Akron, OH | Address |
|---|---|---|
| Travelers | Kozuch Insurance Services | 23366 Commerce Park #200, Beachwood, OH, 44122 |
| Allstate | Lesley Michael | 1204 N Main St, North Canton, OH, 44720 |
| Erie | Thompson & Hummel Insurance Inc. | 188 East Avenue, Tallmadge, OH, 44278 |
| NA | Regency Insurance Agency, Inc. | 9354 Ave Ste 18, Mentor, OH, 44060 |
| NA | Dry-Arcade Insurance Agency | 1168 Tallmadge Rd Cuyahoga Falls, Cuyahoga Falls, OH, 44221 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Summit County, Ohio | $89 | $118 | $177 |
| Coventry township, Summit County, Ohio | $88 | $117 | $176 |
| Sawyerwood CDP, Ohio | $85 | $113 | $169 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Akron, OH | 5.3% | 14.1% |
| Summit County | 4.49% | 12.71% |
| Coventry | 5.06% | 12.98% |
| Sawyerwood | 6.86% | 13.93% |
| 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 |
| Streets in Akron Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Akron | $102 to $104 |
| Summit County | $106 |
| Coventry | $105 |
| Sawyerwood | $101 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Akron Homeowner Insurance Premium Example | $1,100 | $900 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,600 | $9,000 |
| Net Savings to Akron Home Owner from High Deductible Plan | $600 | |
| Scenario | Akron, OH Home Replacement Value MORE than Home Value | Akron, OH Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $85,500 | $61,000 |
| Insurance Premium based on Replacement Value | $275 | $200 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $11,000 | Risk Exposure from Under Insuring Coverage is $13,500 |
| Premium Impact | Insurance cheaper by $50/year | Insurance costlier by $25/year |
| Insurance Company | Amica Mutual Insurance Company | Nationwide Insurance | Chubb Group of Insurance |
| Monthly Premium | 24 | 27 | 56 |
| Year Built | 1957 | 1989 | 1964 |
| Home Details | 3 Beds, 2 Baths | 2 Beds, 1 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $75000-$100000 | $100000-$125000 | $175000-$200000 |
| Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible | $500- $1000 Deductible |