The Best Cheap Renters Insurance in Ohio (2024)
State Farm offers Ohio's cheapest renters insurance, at an average of $13 per month.
Compare Cheap Renters Insurance in Ohio
Best Cheap Ohio Renters Insurance
To pick the top renters insurance companies in Ohio, ValuePenguin's experts weigh price, coverage options, customer service and some of the unique values each company offers. The cheapest rates were found by compiling 193 quotes from eight companies across 25 of Ohio's largest cities.
Cheapest renters insurance in Ohio
State Farm has the cheapest renters insurance in Ohio.
With an average rate of $13 per month for $30,000 in personal property coverage, State Farm costs $15 per month less than the state average, which is $28 per month.
Compare Cheap Renters Insurance in Ohio
State Farm also costs $5 per month less than the next-cheapest option, Lemonade. The average price of renters coverage in Ohio can differ by more than $40 per month. That's why it's important to compare quotes to make sure you're not paying too much.
Cheapest renters insurance companies in Ohio
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $13 | |
| Lemonade | $18 | |
| Amica | $25 | |
| Progressive | $25 | |
| Allstate | $27 | |
Best Ohio renters insurance for most people: State Farm
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Editor's rating
- Average cost for Ohio: $13/mo
State Farm has the state's lowest rates and good customer service.
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Cheap rates
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Strong customer service
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Good option for bundle discount
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Fewer options for discounts
State Farm is the best option for most renters in Ohio because it has the state's lowest rates and good customer service.
State Farm's average rate of $13 per month is considerably cheaper than the state average. It's also $5 per month cheaper than the next-cheapest option, Lemonade.
You'll still get good customer service with State Farm, despite the lower rates. The company has some of the better customer service for renters coverage. It gets an average number of complaints for a company its size. State Farm also got an above-average rating for customer satisfaction from J.D. Power.
State Farm doesn't offer as many ways to lower your rates with discounts. You can't get a break in rates for things like paying for your whole policy in full or staying claim-free. But you can get a bundling discount, which can lower rates considerably.
Best for online experience in Ohio: Lemonade
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Editor's rating
- Average cost for Ohio: $18/mo
Lemonade has a quick online experience and some of Ohio's lowest renters insurance rates.
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Low rates
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Smooth online experience
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Good set of extra coverages
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Mixed customer service
Lemonade has a convenient online experience and has some of the cheapest renters insurance for most of Ohio's tenants.
Lemonade's digital-first approach allows you to both get quotes and file claims online with ease. One potential downside is that you won't be able to work with an agent in person. You can only manage a policy online or over the phone.
A typical Lemonade policy costs around $18 per month, which is $10 per month cheaper than Ohio's statewide average.
Although Lemonade's basic coverage will be enough to meet the needs of most Ohio renters, you can upgrade your policy with a few add-ons. These include coverage for water backups, identity theft protection and replacement cost coverage.
One thing Ohio renters should consider is Lemonde's customer service. It's ranked well for customer satisfaction by J.D. Power, and has a user-friendly online interface. But it also gets more than three times the customer complaints of an average company its size. This means your insurance company might add to your stress after something happens to your home.
Best renters insurance for customer service in Ohio: Amica
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Editor's rating
- Average cost for Ohio: $25/mo
Amica is the top option for Ohio renters who want great customer service.
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High-quality customer service
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Lots of discount opportunities
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Cheaper-than-average rates
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Limited extra coverage options
Amica is the top option in Ohio for renters looking for good customer service and the peace of mind that comes with it.
Amica has a low rate of customer complaints, receiving only one-third of what an average company its size gets. This is a good sign that most of their policyholders are satisfied with their service. The company also earned a strong rating from ValuePenguin's editors for its all-around product.
You also may not need to pay that much more for Amica's service. Though Amica's rates are higher than State Farm's and Lemonade's, they are still 10% cheaper than the state average. You can also lower that rate with a range of discounts.
- Bundle discount
- Automatic payment discount
- Paperless discount
- Loyalty discount
- Claim-free
However, there are certain popular coverages you can't get with Amica. That includes protection if your belongings are damaged by a water backup or by mold.
Ohio renters insurance rates by city
Toledo, an industrial city located in Ohio's northwest corner, has the most expensive renters insurance among the state's largest cities, at $42 per month.
The cheapest rates among Ohio's larger cities are in Middletown, which sits between Cincinnati and Dayton. The average rate in Middletown is $21 per month, half of Toledo's average.
Renters insurance in Columbus, the state's largest city, averages about $28 per month, just shy of the state average. The same is true of Cincinnati, where the average rate is $27 per month.
City | Monthly rate | % from average |
|---|---|---|
| Akron | $31 | 10% |
| Beavercreek | $27 | -3% |
| Canton | $28 | -2% |
| Cincinnati | $27 | -4% |
| Cleveland | $27 | -5% |
Where you live can affect what you pay for renters insurance in a variety of ways. If a city has more property crime or more natural disasters, you'll likely pay more.
How to find the best renters insurance in Ohio
To find the best renters insurance coverage for you, first decide how much coverage you need, then shop around for quotes and weigh the quality of each company's customer service. The best renters insurance companies should be affordable while still providing the level of service and coverage you need.
You should start by figuring out how much renters coverage you need. You can do this by listing out what you own and how much you'd pay to get new belongings should they get damaged or lost.
The amount of coverage you choose to get will have a big impact on your renters insurance quotes. But don't skimp. You should get enough coverage to replace your property should it all be lost in an event like a house fire. If you don't, you'll likely end up paying more of your own money to refurnish your home than if you had gotten more coverage.
Comparing quotes from multiple companies is the best way to make sure you're getting a good deal. In Ohio, the most expensive company costs four times more than the cheapest. That means you can save a lot by shopping around.
Getting multiple quotes is also important because insurance companies calculate their rates differently. Where you live might matter most to one company, while others might more heavily consider your claims history. For this reason, your quote may end up looking different from that of your friends, family members or neighbors.
Pay attention to customer service reviews. If an emergency happens, your life will be much easier with better customer service.
For example, bad customer service can mean being forced to make extra calls or getting stuck on hold as you try to get answers about a claim. Doing that while trying to replace your belongings will only add to your stress. A company with good customer service might not put you through that.
What renters insurance do I need in Ohio?
Two of the more common natural disasters in Ohio are flash floods and tornadoes, and they might require extra coverage.
Does Ohio renters insurance cover flash floods?
Regular renters insurance won’t pay for damage caused by flooding. So you might have to get a flood insurance policy from either the government's National Flood Insurance Program (NFIP) or a private company.
Make sure your flood coverage matches the kind of home you’re renting. You don’t need to protect the structure of your rented home, only your things, so you likely won’t need a policy if you’re not living on the ground floor.
Does Ohio renters insurance cover tornadoes and wind damage?
Tornado and wind damage are almost always covered by regular renters insurance. That can include property outside your home, like a bike, or if a window is broken and debris is blown into the home you rent.
Frequently asked questions
How much is renters insurance in Ohio?
Ohio renters insurance costs an average of $28 per month. That makes it the eighth-most expensive state for rental insurance. It also has higher rates than any neighboring state except Michigan.
Can landlords in Ohio require you to get renters insurance?
Some landlords may put a requirement for renters insurance in the lease agreement that they present to you as a tenant. However, there's no state law that mandates all renters in Ohio must get renters insurance coverage.
How quickly can I get renters insurance?
In most cases, insurers are able to provide renters with coverage immediately, often called same-day renters insurance. But some companies make new customers wait at least one day as a way of fighting fraud. If your landlord has required renters insurance as a condition of your lease, you should make sure that you include their contact information in your insurance application so that they're listed as an interested party. That's how the insurer will notify your landlord of the policy.
How much renters insurance do you typically need?
In most cases, renters can get good value out of a policy by choosing $20,000 to $40,000 in coverage for personal property, along with the typical $100,000 in personal liability coverage. Other coverages such as loss of use are often calculated as a percentage of the personal property limit, so all you usually need to do is decide on that one number.
How much is renters insurance in Columbus, Ohio?
The average rate for renters insurance in Columbus, Ohio, is $28 per month. That’s slightly cheaper than the state average.
How much is renters insurance in Cincinnati?
In Cincinnati, the average rate for renters insurance is $27 per month. That’s 4% lower than the state average.
Methodology
To find Ohio’s cheapest renters insurance ValuePenguin gathered quotes from eight companies across the 25 biggest cities in the state. Quotes are for a 30-year-old woman who isn’t married, lives alone and has filed no recent claims.
Quotes include $30,000 of personal property coverage.
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
Star ratings for customer service are based on a proprietary metric that weighs the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power's annual customer satisfaction survey and ValuePenguin’s own editor's ratings.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.