HomeInsuranceQts

Home Insurance in Ohio

Homes in Ohio carry a median value of $214,800.

The typical home in Ohio was built around 1970. About 38% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

In Ohio, the housing stock is 74% single-family homes, 15% apartments in buildings with 5+ units and 3% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

61% of owner-occupied homes in Ohio carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 67% of occupied homes in Ohio are owner-occupied.

Most homes in Ohio - 64% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

In Ohio, the statewide average premium for a standard HO-3 homeowners policy is $1,116 per year (NAIC, 2023 data).

Key figures

Median home value$214,800
Median year built1970
Owner-occupied share67%
Share of owner-occupied homes with a mortgage61%
Home insurance premium$1,116 - statewide average (NAIC, 2023 data)

Counties

Sources