Ohio Homeowners Insurance

U.S. Treasury FIO data for 1,029 ZIP codes in Ohio (OH).

Homeowners in Ohio pay an average of $1,263 per year for home insurance — 29% below the national average of $1,776. That ranks Ohio as the 42nd most expensive state out of 51 for homeowners insurance. Between 2018 and 2022, premiums rose by 4.3%.

On five-year premium growth (2018–2022), Ohio ranks 29th out of 51 states. Its nonrenewal rate (1.19%) ranks 21st out of 50 — nonrenewal is an early warning indicator of insurer retreat, often tied to disaster risk.

Source: U.S. Department of the Treasury, Federal Insurance Office — "Analyses of U.S. Homeowners Insurance Markets, 2018–2022." Premium values are five-year averages across all ZIP-level observations. See methodology for caveats.

Avg Premium
$1,263/yr
National avg: $1,776 (-29% below)
Premium Change
+4.3%
2018-2022 change
Avg Loss Ratio
53.8%
Claims paid vs premiums earned
Nonrenewal Rate
1.19%
-6.3% change

Data Snapshot: Ohio Homeowners Insurance

Ohio homeowners paid an average of $1,263 per year for home insurance based on U.S. Treasury FIO data covering 1,029 ZIP codes across the state. That is 29% below the national average of $1,776 per year reported by the Federal Insurance Office. Ohio ranks 42nd most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $906 in 44134 to $2,740 in 44040.

Between 2018 and 2022, average premiums rose by 4.3% in Ohio, placing the state 29th nationally on five-year premium growth. The state-level loss ratio averaged 53.8%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates — the share of policies insurers decline to extend at expiration — averaged 1.19%, a decline of 6.3% over the study period (ranking 21st out of 50 states).

Within Ohio, premium dispersion across ZIP codes is substantial: the most expensive ZIP (44040 in Gates Mills) charges 202% more than the least expensive (44134 in Cleveland), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is for educational research only and is not insurance advice — homeowners should obtain quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.

Loss Ratio Reading: Ohio

0%150%54%

Ohio statewide — FIO 2018-2022 average: 54% (Insurer-favorable) — low claim payout — insurer retains a healthy margin.

ZIP Codes Tracked

1,029

Reporting Period

2018-2022

Source

U.S. Treasury FIO

Premium Trends (2018-2022)

Year Avg Premium Median Premium
2018 $1,210 $1,185
2019 $1,200 (-0.8%) $1,175
2020 $1,205 (+0.4%) $1,181
2021 $1,240 (+2.9%) $1,215
2022 $1,263 (+1.9%) $1,240

Average Premium by Year

$1,210
2018
$1,200
2019
$1,205
2020
$1,240
2021
$1,263
2022

All ZIP Codes in Ohio

1,029 ZIP codes sorted by premium (highest first). Click column headers to sort.

ZIP City Premium
44040 Gates Mills $2,740
45243 Cincinnati $2,510
44022 Chagrin Falls $2,334
43620 Toledo $2,211
45208 Cincinnati $2,085
44106 Cleveland $2,078
45174 Terrace Park $2,072
45206 Cincinnati $2,019
45202 Cincinnati $1,998
43054 New Albany $1,953
43215 Columbus $1,947
44108 Cleveland $1,928
45229 Cincinnati $1,874
44120 Cleveland $1,842
45220 Cincinnati $1,821
44072 Novelty $1,821
45249 Cincinnati $1,810
45226 Cincinnati $1,809
43205 Columbus $1,808
45370 Spring Valley $1,807
44122 Beachwood $1,807
43610 Toledo $1,770
43209 Columbus $1,729
44286 Richfield $1,717
43203 Columbus $1,706
44333 Akron $1,701
43017 Dublin $1,671
43153 South Solon $1,657
43001 Alexandria $1,653
44023 Chagrin Falls $1,648
45242 Cincinnati $1,621
45841 Jenera $1,619
43021 Galena $1,612
44504 Youngstown $1,609
43084 Woodstock $1,608
45054 Oregonia $1,604
43413 Cygnet $1,604
44103 Cleveland $1,603
43065 Powell $1,603
44236 Hudson $1,602
43023 Granville $1,597
44139 Solon $1,593
45034 Kings Mills $1,576
45040 Mason $1,561
44104 Cleveland $1,561
43112 Carroll $1,559
44112 Cleveland $1,551
45405 Dayton $1,550
45066 Springboro $1,547
43082 Westerville $1,541

Frequently Asked Questions

What is the average homeowners insurance cost in Ohio?
The average homeowners insurance premium in Ohio is $1,263 per year, based on U.S. Treasury FIO data covering 1,029 ZIP codes. This is 29% below the national average of $1,776.
How have insurance premiums changed in Ohio?
Ohio homeowners insurance premiums changed by +4.3% between 2018 and 2022. The average loss ratio is 53.8%, meaning insurers pay out that percentage of earned premiums in claims.
Which ZIP code has the most expensive insurance in Ohio?
The most expensive ZIP code for homeowners insurance in Ohio is 44040, with an average premium of $2,740/yr. The most affordable is 44134 at $906/yr.
What is the nonrenewal rate for Ohio homeowners insurance?
The average nonrenewal rate in Ohio is 1.19%. This rate has changed by -6.3% from 2018 to 2022. Nonrenewals occur when an insurer declines to renew an existing policy at expiration. ZIP 44689 has the highest nonrenewal rate in the state at 7.25%.
What is a loss ratio and what does Ohio's mean?
A loss ratio measures how much an insurer pays out in claims compared to premiums collected. Ohio's average loss ratio is 53.8%. Ratios above 100% indicate insurers are paying more in claims than they collect, which often leads to premium increases.
How often do homeowners file insurance claims in Ohio?
The average claim frequency in Ohio is 4.91%, meaning that percentage of policies result in a claim each year. The average claim severity (cost per claim) is $13,651. Higher claim frequency and severity typically correlate with higher premiums.

Source: U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainInsure Editorial

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