Columbus, OH homeowners insurance is nearly $602 to $816, about $50-$68/month. Our complete guide indicates shoppers can save as much as $283 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Columbus is the capital of Ohio and is located directly in the center of the state. It is the 14th most crowded city in the United States and is known for its dynamic art scene, famous museums, and vibrant theater community. Apart from that, Columbus lies within the humid continental climate zone and is subject to severe weather throughout the year. During the spring, several thunderstorms can bring lightning, large hail, and tornadoes. Therefore, Columbus home insurance is a necessity. Insurance providers determine the cost of insurance after scrutinizing certain factors. Finding the best homeowners insurance in Columbus, Ohio, starts with comparing policies and quotes offered by different insurance providers. Our VHome research team has explored a few such aspects in this article.
Factors Determining Columbus Ohio Home Insurance Rates
Columbus homeowners insurance varies based on several factors. Common factors which help determine the cost of home insurance in Columbus, Ohio, are:
The home insurance rates may vary as per the location of the homeowner. Insurance providers consider the state and ZIP code of the area. In Columbus, Ohio, the average cost of homeowners insurance is $715.
A house is more than a shelter. Materials used to construct your home can influence the cost of home insurance.
Age of the house
Homes age over time, and eventually, they may become weak and more prone to structural damages. The age and the condition of the house can influence the cost of home insurance in Columbus, Ohio.
Homeowners owning a swimming pool can witness a high premium on home insurance as it increases the liability coverage to cover potential injuries.
Home insurance coverage helps protect your home and other structures on your property against unexpected events. The price may differ depending on the type of coverage opted by the homeowner.
Columbus Home Insurance by the Company
The cost of your homeowner's insurance in Columbus, Ohio, will depend on the insurance company you get your policy through. The cheapest home insurance in Columbus comes from Cincinnati Insurance, with an average annual rate of just $663.3 per year, compared to the Columbus average of $715.
Columbus Homeowners Insurance Prices by Coverage Level
Columbus homeowners who have opted for standard insurance packages are compensated for the replacement value of the damaged or destroyed property. However, if you have chosen coverage with higher limits, you will be given enough money to rebuild or replace your home. For example, homeowners paying a coverage of $100K can avail of home insurance in Columbus, Ohio, for $549. Generally, homeowners opt for coverage of $400K to $500K, paying a premium of $2627 and $3546, respectively.
Columbus Ohio Home Insurance Rates by ZIP code
Your Columbus homeowners insurance cost may vary significantly depending on the location you reside in Columbus. VHome study can help shed light on this seemingly random fluctuation in home insurance rates in Columbus, Ohio. VHome research reveals that the closer you live to high-risk areas, the more you will pay for coverage. For instance, neighborhoods with high risks of burglary, fire, theft, and vandalism have much greater odds of submitting claims.
If you happen to look for the cheapest homeowners insurance in Columbus, Ohio, refer to the ZIP code mentioned below. These are the few areas where the average cost of home insurance is generally affordable.
Here are some of the higher risk areas where the home insurance rates are higher than usual. It depends on crime rates, fire risk, theft, burglary, etc. Few ZIP codes where the Columbus, Ohio home insurance is higher than the average are:
Columbus Homeowners Insurance based on the Deductibles
Your deductible is the amount you pay out of pocket for a covered loss. Once paid, you are eligible to receive the rest of your coverage. Choosing a higher deductible typically means that you spend less on home insurance. Homeowners opted for a high deductible of 2500 pay $513.37 on home insurance Columbus. Homeowners opted for a low deductible of 500 $706.42 on homeowners insurance in Columbus, Ohio.
In Columbus, OH, homeowners pay an average homeowner’s insurance of $710 per annum. Vhome’s extended data analysis reveals that Columbus homeowners can save as much as $283 by choosing the cheapest home insurance company.
Columbus homeowners who have a policy with Travelers pay an insurance rate of $360 on a policy coverage ranging between $150,000 to $175,000 for a deductible of $2,500. Moreover, Travelers provides numerous discounts to homeowners. For example, Travelers provides discounts of up to 13% on multi-policies.
Amica quoted an insurance rate of $444 for a Columbus home built in 1949 on a policy coverage ranging between $100,000 to $125,000 for a deductible rate of $1000 to $2500. Amica makes its quotes very competitive by providing discounts of up to 15% on home insurance rates for homeowners that bundle home insurance policy with auto insurance policy.
Columbus homeowners who have a policy with The Hartford pay an insurance rate of $600 on a policy coverage ranging between $100,000 to $125,000 for a deductible of $1,000. The Hartford has partnered with AARP to provide home insurance services, along with multi-policy discounts.
Columbus homeowners who have a policy with American Modern pay an insurance rate of $800 on a policy coverage ranging between $125,000 to $150,000 for a deductible of $2,500. American Modern provides up to 10% discounts for homeowners based on different criteria such as claims-free history, associated membership, safety features, and more.
Chubb quoted an insurance rate of $876 for a Columbus home built in 1972 on a policy coverage ranging between $200,000 to $250,000 for a deductible of $500. Columbus homeowners can further lower their home insurance costs by opting for a higher deductible.
|Columbus, OH Home Value||Total Homes||% of Total||Average Columbus, OH Homeowners Insurance|
|Less than $50,000||7,867||5.0%||$127|
|$50,000 to $59,999||4,169||2.0%||$269|
|$60,000 to $69,999||5,573||3.0%||$340|
|$70,000 to $79,999||7,258||4.0%||$389|
|$80,000 to $89,999||10,056||6.0%||$446|
|$90,000 to $99,999||9,566||6.0%||$496|
|$100,000 to $124,999||23,722||15.0%||$574|
|$125,000 to $149,999||22,530||14.0%||$716|
|$150,000 to $174,999||20,937||13.0%||$850|
|$175,000 to $199,999||13,167||8.0%||$978|
|$200,000 to $249,999||15,684||10.0%||$1184|
|$250,000 to $299,999||6,006||3.0%||$1446|
|$300,000 to $399,999||4,591||3.0%||$1836|
|Home Insurance Company Near Columbus, OH||Homeowners Insurance Agency Near Columbus, OH||Address|
|NA||Phelps Financial Services Inc.||659 Park Meadow Rd Ste H, Westerville, OH, 43081|
|NA||Sterling Insurance Group Ltd.||4218 Indianola Ave, Columbus, OH, 43214|
|NA||Tri Wood Ins Agency Inc||1000 Georgesville Rd, Columbus, OH, 43228|
|Nationwide||David Stanley & Assoc Inc||341 Norton Rd, Columbus, OH, 43228-1730|
|State Farm||Tim Workman||1590 Coshocton Ave Unit A, Mount Vernon, OH, 43050-1559|
|Streets in Columbus Area||Homeowners Insurance Cost|
|Garrett St, Elmwood Dr, Lofton Cir, Arrowtip Ln, Baywood Dr, Carano Way, E Lincoln Ave, Barrhill Dr, Scenic View Cir, Kastlekove Dr||$714|
|Rock Dove Rd, Delta St, Mira St, Twp Hwy 89, Rowland Ave, Hammond St, Greentree Dr, Greentree Ct, Shortcut Rd, Parkhurst Dr||$699|
|Grove Hill Dr, N Sandusky St, Co Rd 220, Olenbrook Dr, Cambrian Commons Dr, Lewis St, Gemini Pkwy, Southbluff Dr, Meadcrest Ct, Woodwind Dr||$735|
|Adara Dr, N Sandusky St, Bristol Commons Pl, Sirius St, Kingsbury Rd, Co Rd 91, Colonial Commons Dr, Sedona Ct, Turnhart Pl, S Washington St||$744|
|Lago Ln, E Winter St, Scottwood Ct, Wynstone Dr, Eaton St, Pulsar Pl, Caldwell Dr, McElhinny Ln, Stockard Loop, Sanville Dr||$741|
|Place||Savings For Senior Occupied Homes|
|Columbus||$106 to $108|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Franklin County, Ohio||$90||$120||$180|
|Grandview Heights city, Ohio||$97||$129||$194|
|Bexley city, Ohio||$99||$131||$197|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Columbus Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||3,332||2.0%||$342|
|$200 to $299||4,077||2.0%||$792|
|$300 to $499||11,061||6.0%||$1242|
|$500 to $749||52,127||31.0%||$1917|
|$750 to $999||56,037||33.0%||$2667|
|$1,000 to $1,499||32,249||19.0%||$3792|
|$1,500 or more||6,740||4.0%||$5442|
|Zip Code||Median Home Value||Median Homeowners Insurance|
|Low Deductible||High Deductible|
|Yearly Columbus Homeowner Insurance Premium Example||$500||$300|
|Out of Pocket Expense During Claim||$1,900||$2,900|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$5,900||$5,300|
|Net Savings to Columbus Home Owner from High Deductible Plan||$600|
|Scenario||Columbus, OH Home Replacement Value MORE than Home Value||Columbus, OH Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$650||$475|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $21,000||Risk Exposure from Under Insuring Coverage is $24,000|
|Premium Impact||Insurance cheaper by $100/year||Insurance costlier by $75/year|
|Insurance Company||Amica Mutual Insurance Company||Allstate||Chubb Group of Insurance|
|Home Details||5 Beds, 2 Baths||4 Beds, 1 Baths||3 Beds, 1 Baths|
|Deductible||$1000-$2500 Deductible||> $10,000 Deductible||$500 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1972||235,000||Composition Roof||3,110||5||$500- $1000 Deductible||1000||12||Brick siding||yes|
|2012||160,000||Slate Shingles Roof||2,250||3||$5000 to $10,000 Deductible||340||8||Fiber-Cement Siding||yes|
|1977||135,000||Metal Roof||1,880||5||$500 Deductible||320||6||Fiber-Cement Siding||yes|
|1978||115,000||Composition Roof||1,600||3||$500 Deductible||120||5||Wood siding||yes|
|1999||95,000||Metal Roof||1,160||2||$1000-$2500 Deductible||140||5||Wood siding||yes|
|1945||125,000||Tile Roof||1,390||3||$2500-$5000 Deductible||80||2||Stone Siding||yes|
|1972||110,000||Shingles Roof||1,420||2||$500- $1000 Deductible||350||9||Stucco siding||No|
|1948||435,000||Composition Roof||4,460||5||$500- $1000 Deductible||610||5||Vinyl siding||yes|
|1947||95,000||Metal Roof||990||2||$1000-$2500 Deductible||270||7||Stone Siding||No|
|1962||210,000||Metal Roof||2,770||5||$500 Deductible||460||10||Vinyl siding||yes|
|1970||115,000||Composition Roof||1,670||5||$500- $1000 Deductible||290||9||Brick siding||No|
|1946||215,000||Tile Roof||2,120||4||$1000-$2500 Deductible||840||12||Fiber-Cement Siding||yes|
|1940||270,000||Asphalt Shingles Roof||3,340||4||$5000 to $10,000 Deductible||490||10||Brick siding||yes|
|2013||410,000||Membrane Roof||4,240||5||> $10,000 Deductible||860||12||Stucco siding||No|
|2014||135,000||Composition Roof||1,760||3||$1000-$2500 Deductible||250||6||Stone Siding||No|
|2000||150,000||Slate Shingles Roof||1,750||3||$1000-$2500 Deductible||600||12||Stone Siding||yes|
|1973||325,000||Asphalt Shingles Roof||3,470||5||> $10,000 Deductible||440||8||Stone Siding||yes|
|1973||180,000||Wood Shake Roof||1,800||4||$2500-$5000 Deductible||420||8||Stone Siding||yes|
|2007||315,000||Metal Roof||4,160||5||$2500-$5000 Deductible||340||5||Fiber-Cement Siding||yes|
|1997||165,000||Shingles Roof||2,160||3||$1000-$2500 Deductible||280||6||Vinyl siding||yes|
|2008||195,000||Wood Shake Roof||1,950||4||$500 Deductible||230||3||Wood siding||yes|
|1945||155,000||Asphalt Shingles Roof||1,570||3||$2500-$5000 Deductible||70||2||Fiber-Cement Siding||yes|
|2008||220,000||Slate Shingles Roof||2,320||4||$5000 to $10,000 Deductible||390||9||Stucco siding||yes|
|1947||300,000||Slate Shingles Roof||3,180||4||$1000-$2500 Deductible||190||2||Stone Siding||yes|
|1982||130,000||Tile Roof||1,670||2||$500 Deductible||370||9||Brick siding||yes|
|2013||405,000||Membrane Roof||4,220||5||$1000-$2500 Deductible||630||5||Vinyl siding||No|
|1984||260,000||Metal Roof||3,260||4||$5000 to $10,000 Deductible||290||6||Vinyl siding||yes|
|1985||155,000||Asphalt Shingles Roof||1,540||2||$500 Deductible||340||7||Fiber-Cement Siding||yes|
|1968||115,000||Tile Roof||1,710||3||$500- $1000 Deductible||210||7||Brick siding||No|
|1930||120,000||Metal Roof||2,288||4||$2500-$5000 Deductible||170||3||Stucco siding||yes|