Best Homeowners Insurance Companies in Cleveland, OH
Homeowners insurance protects your property. The cost depends on the amount of coverage, deductible, age and condition of the home and the owner’s credit and insurance claim history. The Cleveland market is very competitive and includes Progressive Insurance, which is headquartered locally. Our partners at ConsumerAffairs researched the best homeowners insurance in Cleveland to guide you to trustworthy companies that will insure your assets.
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Homeowners insurance premiums in the U.S. average $1,083 annually. Cleveland premiums average 26 percent less at $797. Ohio is ranked ninth lowest among U.S. states.
Average annual insurance premiums for a $200,000 home with a $1,000 deductible are $824 in Old Brooklyn, $855 in Collinwood and $884 in the North-Broadway neighborhood. For a $400,000 home, premiums range between $1,491 and $1,592.
Prices decrease in the Cleveland suburbs. A $200,000 home in South Euclid has an average premium of $798, with Lakewood and Brook Park at $780 and $719. A $400,000 home in these suburbs ranges from $1,271 to $1,440.
Homeowners may benefit from discounts. State Farm and GEICO offer 10 to 15 percent off when you “bundle,” or purchase other types of insurance with them. Progressive offers unique discounts for paying the entire yearly premium in advance or enrolling in paperless (electronic) document delivery.
Although Ohio does not require homeowners insurance, mortgage lenders do. Homeowners unable to find any insurer may consider the state's FAIR Plan for help. Coverage is critical to avoid being financially liable for property damage or injuries to guests at your home. Ohio homeowner claims in 2015 totaled about $1.1 billion, largely caused by wind, hail and water.
Natural hazards and additional coverage for Cleveland residents
Homeowners should carefully read their policy details to understand what is and is not included. For example, flood insurance must be purchased separately. Neighborhoods in Cleveland city limits at high risk of flooding are next to the Cuyahoga River, including:
Proximity to the Big Creek Reservation causes flooding in these suburbs:
Earthquakes, termites and intentionally caused injuries or damage are also excluded from coverage.
Fortunately, Cleveland has not had a major earthquake in over 100 years and has no hurricane exposure.
Icy Ohio winters cause frozen pipes and roof damage. Pipes must be properly insulated to avoid freezing and bursting. These conditions are unlikely to cause sudden roof damage, but over time water freezing into ice expands roofing materials and damages them.
M-Sat: 8am - 7pm, Sun: 12pm - 6pm
Clevelanders tend to support Progressive because they are headquartered locally and employ many residents. Customers give positive feedback for the HomeQuote Explorer. This online tool gives you multiple quotes in under 15 minutes.
M-F: 9am - 6pm, Sat: 10am - 2pm
GEICO is best known in Cleveland for automobile insurance. Customer reviews often take issue with GEICO not underwriting their own home insurance policies, but GEICO can offer good discounts when bundling home and auto insurance.
M-F: 9am - 5pm, Sat: Appointment only
In Cleveland, State Farm emphasizes how many of their agents are local. Not surprisingly, many customer reviews mention their agent by name and love having all of their insurance needs handled by one agent and company.
Pilat Insurance Agency, Inc.
M-F: 8:30am - 4:30pm, Closed Sat and Sun
Pilat Insurance Agency is an independent company based in Parma, OH. Their customers say they appreciate the personal service and friendly local agents. Feedback strongly suggests Pilat is a good fit for those seeking excellent service and dependability—and not for those shopping by price alone.
Keller National, LLC
M-F: 9am - 5pm, Closed Sat and Sun
Based in Cleveland Heights, Keller National prides itself on personal insurance services, including homeowners, for Northeast Ohio residents. As an independent company, they work with different insurance providers and help you select the best coverage for the lowest price while keeping your policy up-to-date if your insurance needs change.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.