Home Insurance in Lake County, Ohio
With a median home value of $214,100, Lake County is close to the Ohio median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Lake County was built around 1972. About 32% of homes were built before 1960, about 6 points below Ohio's 38%.
The housing stock in Lake County is 78% single-family homes, 16% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
62% of owner-occupied homes in Lake County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lake County has an owner-occupancy rate of 76% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
In Lake County, 80% of homes are primarily heated with natural gas.
FEMA's National Risk Index lists winter weather (Relatively High), inland flooding (Relatively Moderate) and strong wind (Relatively High) as the leading hazards for Lake County.
Lake County had 468 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $214,100 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Inland Flooding (Relatively Moderate), Strong Wind (Relatively High) |
| Active NFIP flood policies (county) | 468 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Towns and cities
- Eastlake
- Fairport Harbor
- Grand River
- Kirtland
- Kirtland Hills
- Lakeline
- Madison
- Mentor
- Mentor-on-the-Lake
- North Perry
- Painesville
- Perry
- Timberlake
- Waite Hill
- Wickliffe
- Willoughby
- Willoughby Hills
- Willowick
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)