Elyria Insurance Rates:

Elyria, OH homeowners insurance is about $587 to $795, about $48-$66/month. Our detailed research indicates shoppers can save as much as $276 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Factors That Determine Homeowners Insurance Cost in Elyria, OH

Homeowners in Elyria, OH pay an average of $811.69 for home insurance. However, the cost of your policy will vary based on a number of factors including coverage type and deductible amount as well as age of property or materials used to build it.Below is the summary of average home insurance costs available to Elyria Homeowners based on the deductible and other variables.

Elyria, Home Insurance Cost for different ages.

Factors_That_Determine_Homeowners_Insurance_Cost_in_Elyria_OH

Homeowners are given discounts when they opt for higher deductibles which translates into cheaper monthly payments and affordable premiums over time. A high deductible policy is an easy way to benefit more while saving money. Elyria homeowners paying a high deductible of $2500 can avail of home insurance for $582.79.Homeowners receive insurance for $619.96 and $682.95 respectively, on deductibles $2000 and $1500.

The average cost of house insurance is directly proportional to the age of the home. Newly constructed Elyria homes can avail lower insurance of $593 since newly built homes have a lesser threat to damage. As a result, home insurance companies offer substantial discounts to newly constructed homes. An older housing means higher rates since houses are more prone to damage and as a result, those with homes over 40 or 50 years old have an additional $833-$843 per year tacked onto their premiums.

Construction type is an integral factor in the cost of homeowners insurance. The more resistant your house to damage, the less expensive homeowners insurance will be for you. For instance, if a person lives in Elyria and has fire-resistant construction on their roof they can benefit from average rates at $714 per year.Insurance companies in Elyria offer home insurance for $771 for homes built with Masonry and Brick. Homes constructed with superior and hail resistant roofs attract a higher amount $731 and $ 787 respectively.

Apart from all these factors, homeowners can avail cheap home insurance costs from insurance companies based on the security features and senior citizens residing in the households. Senior occupied houses in Elyria can also save on home insurance.

Elyria, OH Homeowners Insurance By Home Value

Elyria, OH Home Value Total Homes % of Total Average Elyria, OH Homeowners Insurance
Less than $50,000 1,537 11.0% $165
$50,000 to $59,999 572 4.0% $345
$60,000 to $69,999 1,047 7.0% $428
$70,000 to $79,999 893 6.0% $497
$80,000 to $89,999 1,376 9.0% $566
$90,000 to $99,999 1,163 8.0% $628
$100,000 to $124,999 2,735 19.0% $732
$125,000 to $149,999 1,751 12.0% $912
$150,000 to $174,999 1,464 10.0% $1084
$175,000 to $199,999 691 4.0% $1250
$200,000 to $249,999 409 2.0% $1499
$250,000 to $299,999 165 1.0% $1838

Top Home Insurance Agents Near Elyria, OH

Home Insurance Company Near Elyria, OH Homeowners Insurance Agency Near Elyria, OH Address
NA Dhk Insurance 4807 Rockside Road Suite 330, Independence, OH, 44131
Farmers Edward Matusik 2181 Wadsworth Rd Ste B, Norton, OH, 44203
Travelers Lake Shore Ins Agcy Inc 735 BETA DR, CLEVELAND, OH, 44143
Farmers Raymond Morris 4145 ERIE ST STE 202, Willoughby, OH, 44094
Travelers Royster Insurance Agency 118 W STREETSBORO 214, HUDSON, OH, 44236

Elyria, OH Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Elyria, OH

Streets in Elyria Area Homeowners Insurance Cost
E Main St, Fairmount Ave, Charles St, Wilder Ave, Filimore Ave, Waverly St, Highland Park Dr, Michael Ln, Thompson Dr, 3rd St$718
Penfield Ave, Chapel St, Kipling St, Georgetown Ave, Ardola Ct, Co Hwy 19, Rush St, Auburn St, Co Rd 20, Colgate Ave$671
Elmwood St, Co Hwy 205, Calann Dr, Miller Ct, Fern St, Tillotson St, S Broadway, Milan Elyria Rd, Beebe Ave, Virginia Ave$706
Summerset Dr, Reaser Ct, Poplar St, Fuller Rd, New Jersey Cir, Carlisle Ave, Harvard Ave, St Charles Pl, 10th St, Skylark Ct$711
Bullocks St, Robert Ln, Hillcrest Ln, Harwood St, Princeton Ave, Pinehurst Dr, Nebraska Dr, Canterbury Ct, Bentley Dr, Co Hwy 174$710

Elyria, OH Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Elyria$103 to $105
North Ridgeville$108
Carlisle$107
Sheffield$110

Elyria, OH Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
North Ridgeville city, Ohio $91 $121 $181
Carlisle township, Lorain County, Ohio $89 $119 $178
Sheffield village, Ohio $92 $122 $183

Elyria, OH Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Elyria, OH5%14.1%
North Ridgeville4.16%12.67%
Carlisle4.26%13.07%
Sheffield3.63%11.16%

Elyria Renters Insurance as a Percentage of Rent

Elyria Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 399 4.0% $355
$200 to $299 261 3.0% $805
$300 to $499 882 10.0% $1255
$500 to $749 3,473 41.0% $1930
$750 to $999 2,176 25.0% $2680
$1,000 to $1,499 1,121 13.0% $3805
$1,500 or more 140 1.0% $5455

Elyria, OH Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$600$1,600
Yearly Elyria Homeowner Insurance Premium Example $1,100$900
Out of Pocket Expense During Claim$600$1,600
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $9,400$8,800
Net Savings to Elyria Home Owner from High Deductible Plan $600

Elyria, OH Home Insurance Costs With Home Replacement Value Scenarios

Scenario Elyria, OH Home Replacement Value MORE than Home Value Elyria, OH Home Replacement Value LESS than Home Value
Replacement Value $133,500 $86,000
Insurance Premium based on Replacement Value $625 $400
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $20,000 Risk Exposure from Under Insuring Coverage is $27,500
Premium Impact Insurance cheaper by $125/year Insurance costlier by $100/year

Example Elyria Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Nationwide InsuranceAmica Mutual Insurance CompanyState Farm
Monthly Premium 168650
Year Built 196619831972
Home Details 2 Beds, 1 Baths5 Beds, 1 Baths3 Beds, 1 Baths
Coverage Amount $50000-$75000$300000-$350000$125000-$150000
Deductible $2500-$5000 Deductible$500 Deductible$500 Deductible

Sample Home Insurance Rates for Elyria, OH from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1960 160,000 Wood Shake Roof 2,110 4 $1000-$2500 Deductible 350 10 Vinyl siding yes
1940 190,000 Wood Shake Roof 2,230 4 $500 Deductible 470 7 Stucco siding yes
1988 110,000 Composition Roof 1,430 2 $1000-$2500 Deductible 210 8 Stucco siding No
1947 105,000 Composition Roof 1,360 2 $500 Deductible 350 10 Wood siding yes
1940 110,000 Shingles Roof 1,850 3 $500 Deductible 100 4 Stucco siding yes
1967 85,000 Metal Roof 1,030 2 $2500-$5000 Deductible 20 1 Stone Siding No
1968 150,000 Asphalt Shingles Roof 2,020 4 $500 Deductible 40 1 Fiber-Cement Siding yes
1942 95,000 Slate Shingles Roof 1,530 2 $500 Deductible 60 2 Stucco siding No
1970 210,000 Composition Roof 2,650 5 $5000 to $10,000 Deductible 250 7 Wood siding No
1967 130,000 Slate Shingles Roof 1,690 5 $500 Deductible 440 9 Vinyl siding yes
1983 245,000 Wood Shake Roof 2,980 4 $2500-$5000 Deductible 110 2 Vinyl siding yes
1962 70,000 Wood Shake Roof 900 2 $1000-$2500 Deductible 50 3 Fiber-Cement Siding No
1961 125,000 Wood Shake Roof 1,700 2 $2500-$5000 Deductible 380 10 Fiber-Cement Siding yes
1973 95,000 Shingles Roof 1,380 3 $1000-$2500 Deductible 80 4 Wood siding No
1982 85,000 Tile Roof 1,420 3 $500 Deductible 90 4 Fiber-Cement Siding No
1945 150,000 Membrane Roof 2,300 3 $2500-$5000 Deductible 170 6 Fiber-Cement Siding yes
1976 75,000 Metal Roof 1,000 2 $500 Deductible 130 8 Fiber-Cement Siding No
1965 190,000 Slate Shingles Roof 3,310 4 $500 Deductible 860 10 Stucco siding yes
1985 295,000 Asphalt Shingles Roof 4,340 5 $5000 to $10,000 Deductible 220 3 Stone Siding yes
1985 305,000 Tile Roof 4,880 5 $2500-$5000 Deductible 850 9 Vinyl siding No
1946 270,000 Membrane Roof 3,340 4 > $10,000 Deductible 520 7 Stucco siding yes
1980 70,000 Asphalt Shingles Roof 980 2 $500- $1000 Deductible 100 4 Brick siding yes
1962 140,000 Asphalt Shingles Roof 1,670 2 $500 Deductible 740 12 Brick siding No
1975 145,000 Slate Shingles Roof 1,700 2 $2500-$5000 Deductible 120 4 Stone Siding yes
1962 130,000 Metal Roof 1,550 3 $500- $1000 Deductible 50 1 Wood siding yes
1960 205,000 Membrane Roof 3,240 5 > $10,000 Deductible 200 4 Stone Siding No
1964 215,000 Membrane Roof 3,390 5 $5000 to $10,000 Deductible 270 7 Fiber-Cement Siding yes
1977 185,000 Tile Roof 3,250 4 $500- $1000 Deductible 480 10 Wood siding yes
1987 190,000 Composition Roof 2,480 4 $2500-$5000 Deductible 80 2 Vinyl siding No
1943 150,000 Tile Roof 2,170 5 $2500-$5000 Deductible 120 3 Wood siding yes
1968 180,000 Shingles Roof 2,740 4 $2500-$5000 Deductible 360 7 Stucco siding yes
1942 265,000 Wood Shake Roof 3,920 5 $2500-$5000 Deductible 640 10 Wood siding yes
1979 280,000 Wood Shake Roof 4,510 5 $2500-$5000 Deductible 370 5 Brick siding yes

Latest Home Insurance Reviews

Progressive
I think your customer service is perfect and they answer your questions correctly and are fast and efficient when it comes to doing your job
Farmer's Insurance
I would recommend this company if you need an all inclusive coverage. They make sure that everything is included in the policy
Allstate
I would definitely recommend Allstate to my friends and family. I've been with this company since I started driving at 16. I've never had a problem with them either.
Erie Insurance
The policy offerings are above average. They, of course, have the basic/normal coverage, but the discounts available are superior to their competition.
Progressive
I would definitely, highly recommend them based on a variety of factors, including but not limited to, their customer service representatives being extremely knowledgeable and courteous. Also, based on the price of my policy and the coverage is excellent
State Farm
Our deductible is $1000, I haven't really done much shopping around for home insurance so I really wouldn't know others deductibles
Nationwide
I was able to choose my premium for myself I choose to have a $25 deductible. I have found that when it comes to paying a paying a higher deductible.
Erie Insurance
We have never had to have any interaction directly with them. We have only filed one claim. The rates do keep going up and I'm not seeing a reason why so I am looking for new insurance.
Erie Insurance
I don't really have any thing to compare it to. I've not done any shopping for a policy with another company and I"ve not had to use the insurance and have not had to pay the premium.
Amica Mutual Insurance
They were really helpful in providing me with the best solution
Progressive
I have had a great experience with Progressive. They handle questions and claims very quickly. i would highly recommend this company to others.
Erie Insurance
I pay almost 10% value of the plan per year and still have to pay a deductible. I know that's in line with other companies for the same or similar plan.
State Farm
They have always been there from the beginning to answer any of my questions and to see that I have the correct policy for my needs. I have no complaints about them in the customer service department at all.
Geico
It's easy to obtain and it makes me feel secure and safeguarded if I ever need to use it. I feel like their customer service is helpful and knowledgeable and helped me to understand all the details.
Auto Owners Insurance
Our initial agent for Auto Owners lost their qualifications to write business with the company. The new agent had to rewrite our policy instead of taking over the existing policy.
Auto Owners
I really haven't talked to my agent since we bought the policy 18 years ago. We get a Christmas card from him and he occasionally sends reminders of when the payment is due
Allstate
I have never had any issues that required me to have to interact with customer service but I assume they're okay.
Liberty Mutual
I had a good experience with my home insurance company. The customer representative was very detailed in explaining the insurance. I ended up with their company for insurance.

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