Best cheap home insurance in Columbus in 2025

The best home insurance companies in Columbus

For most Columbus residents, home insurance is an essential expense required by a mortgage company. Homeowners in the region may be happy to hear that the average cost of home insurance in the city is $1,407 for $300K of dwelling coverage — 38 percent less than the national average of $2,329 per year.

Bankrate’s insurance editorial team, which includes licensed property and casualty agents, carefully examined the insurers writing policies in the region to help identify the ones offering the best rates for homeowners. In addition to cost, we considered the range of coverage options, available discounts and third-party reviews to find the best home insurance in Columbus. Our top picks included Hastings Mutual, American Family, Allstate, State Farm and Grange Insurance.

The cheapest home insurance companies in Columbus

The cost of living in Columbus is about 6 percent below the national average, according to data from PayScale. Housing costs, in particular, fall 8 percent below the national average. However, lower costs of living do not guarantee cheap home insurance costs. For homeowners on a tighter budget, Bankrate’s insurance editorial team found the cheapest home insurance companies in Columbus for a $300K dwelling policy. Based on our research, Buckeye State Mutual, Farmers and Hastings Mutual offer the most affordable rates on average. Costs will change depending on your Columbus dwelling coverage limit.

How much is home insurance in Columbus, Ohio?

Home insurance costs in Columbus are on par with the statewide average. Our analysis of rate data from Quadrant Information Services found Ohio residents pay an average of $1,362 per year for a $300K home insurance policy in Ohio. This is close to the average cost of home insurance in Columbus, which is $1,407. That said, what you pay for a home insurance policy will depend on various rating factors that are unique to you. Things like your credit-based insurance score, how old your home is and the deductible you choose can all factor into your premium.

Columbus rates by credit tier

Typically, homeowners with good or excellent credit receive the cheapest rates. Insurance actuarial data show that homeowners with bad credit are more likely to file a claim, which can end up costing the insurance company money. Most insurance companies charge homeowners with poor or average credit higher rates to account for this added risk. The table below shows how credit tier affects rates for the five cheapest home insurance companies in Columbus.

Columbus rates by home age

Older homes, like those found in Columbus’s historic Olde Towne East neighborhood, usually cost more to insure. After a covered claim or total loss, it can cost an insurance company more to get older buildings up to modern codes. Most insurers factor this added risk into a premium. You can compare average home insurance costs in Columbus from the top five cheap home insurance companies in the table below.

Columbus rates by deductible amount

If home insurance costs are stretching your budget too thin, you might want to consider a high-deductible home insurance policy. By agreeing to more financial responsibility in the event of a claim, you may be rewarded with a cheaper rate. However, as a rule of thumb, most insurance experts suggest choosing a deductible amount you can afford to pay at a moment’s notice.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze May 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $300,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $30,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $150,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $60,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000, $1,500, $2,000 or $5,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: 1959, 1982, 1992, 2010, 2016 (base) and 2020.

Bankrate Score

Our Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech  and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.