Best Renters Insurance in Ohio
Lemonade is our top choice for the best renters insurance in Ohio.
An Ohio renters insurance policy saves you money by covering the cost of items damaged due to an unexpected event, like a fire or hailstorm. To help you find the best renters insurance policy, Quartz Advisor Reviews Team wrote an in-depth review on renters insurance in the Buckeye State.
Ohio’s Top Renters Insurance Companies
- Lemonade: Best for Easy Coverage
- Toggle: Best for Flexible Pricing
- Geico: Best Customer Service
- State Farm: Best Personal Property Coverage
- Nationwide: Best Endorsements
- Liberty Mutual: Best Discounts
Lemonade
Best for Easy Coverage
Toggle
Best for Flexible Pricing
Geico
Best for bundling
State Farm
Best for Valuables Coverage
Nationwide
Best Coverage Customization
Liberty Mutual
Best Value
Our Conclusion
If you live in Ohio, we recommend Lemonade, Liberty Mutual, and Nationwide for your renters insurance policy because of their flexible and customizable coverage plans. Before buying a policy, consider getting a renters insurance quote from at least three companies to see which one is the best for you and your family.
Comparing the Top Providers of Renters Insurance in Ohio
| Companies | Lemonade | Liberty Mutual | Nationwide | State Farm | Geico |
| Monthly Price | About $15 | About $16 | About $20 | About $12 | About $16 |
| Discounts Available | 4 discounts | 5 discounts | 3 discounts | 2 discounts | 4 discounts |
| BBB Rating | C | A+ | A+ | NR | A+ |
| Types of Coverage | Personal property, liability, loss of use, medical payments to others | Personal property, loss of use, liability, medical payments to others | Personal property, loss of use, liability, medical payments to others, ordinance or law, building additions and alterations, credit card | Personal property, liability, medical payments to others | Personal property, liability, loss of use, medical payments, damage of payments to others |
| Personal Property Coverage Limits | $10,000–$250,000 | $15,000, $20,000, or $25,000 | No limit | No limit | $5,000–$95,000 |
| Liability Coverage Limits | $100,000–$500,000 | $100,000, $200,000, $300,000, $500,000, or $1,000,000 | $100,000, $200,000, $300,000, $400,000, or $500,000 | $100,000, $300,000, $400,000, $500,000, $750,000, or $1,000,000 | $50,000, $100,000, and $300,000 |
| ACV or RCV | RCV | ACV or RCV | ACV or RCV | ACV or RCV | RCV |
| Unique Add-Ons | Ability to increase jewelry coverage online, musical instrument or camera coverage, additional insureds | Earthquake, identity fraud | Limited water backup, additional insureds | Waterbed, computer | Identity fraud endorsement |
| Customer Service | 24/7 for claims through the app; email and chat on mobile app, limited phone hours | Hours vary by department | 24/7 for claims; limited for sales and service | Hours vary by department | 24/7 for claims; local agent, phone, or online sales and service |
BBB ratings are accurate as of May 2022.
Ohio Renters Insurance Coverage
An Ohio renters insurance policy typically provides the following coverage:
- Personal Property Coverage: This coverage protects your personal belongings if they’re damaged because of an unexpected event inside your home. To determine the amount of coverage needed, take inventory of the value of your items before signing up for a policy.
- Coverage for Medical Payments to Others: If someone is injured inside of your home, this coverage pays for their medical bills up to the limit you selected.
- Liability Coverage: If you cause damage to another person or their property, liability coverage protects you from paying for the expenses out of pocket.
- Loss of Use Coverage: Loss of use coverage pays for additional living expenses like food and a hotel room if your rental property is deemed uninhabitable after damage from a covered event.
- Endorsements: Endorsements are additional coverage options you select to supplement your coverage. Popular endorsements include pet damage, earthquake damage, and identity theft.
How Much Does a Renters Insurance Policy Cost in Ohio?
The average cost of renters insurance in Ohio was $163 for the year in 2019, or about $13.58 per month, according to the Insurance Information Institute (III). That was lower than the national average of $174 per year. Ohio ranked 26th out of 50 states when ranked from the most expensive to least expensive states for renters insurance policies.
Factors to Consider Before Buying Renters Insurance
Consider these factors when deciding which renters insurance company is best for you and your home:
- Discounts: Many insurance companies offer renters discounts on their monthly renters insurance rate. Typical discounts include bundling renters and auto insurance and having safety features in the home, like a sprinkler or security system.
- Weather: Ohio can experience cold winters that bring large amounts of snow and ice. Before purchasing a policy, ensure that your renters insurance policy covers events like frozen pipes and damaged roofs that are caused by the colder weather.
- Personal Information: Personal information is a contributing factor to the price of your renters insurance. If you have little renting experience or have a low credit score, you may have a more expensive plan.
- Landlord Requirements: Before signing up for a policy, make sure your plan meets the landlord insurance requirements for the rental property. Many landlords require a minimum amount of liability coverage, so make sure you purchase the required amount of protection.
FAQs About Renters Insurance in Ohio
How much is renters insurance in Ohio?
The average cost of renters insurance in Ohio was $163 for the year in 2019, or about $13.58 per month, according to the Insurance Information Institute (III). That was lower than the national average of $174 per year. Ohio ranked 26th out of 50 states when ranked from the most expensive to least expensive states for renters insurance policies.
How much renters insurance do I need in Ohio?
To determine how much renters insurance you need, take stock of your belongings and their value. From there, you can see how much personal property coverage you should purchase. Additionally, some landlords require a specific amount of coverage. For example, the typical amount of liability coverage landlords require is $100,000.
Can landlords require renters insurance in Ohio?
Your landlord can require renters insurance as part of a legal agreement between you, the tenant, and them, the landlord.
Does everyone on a lease need renters insurance in Ohio?
If you’re renting a home or apartment, you’re not legally obligated to have renters insurance, although your landlord can require it. If they do, everyone in the rental unit must have renters insurance. Note: One person’s policy won’t cover all tenants in the same unit unless they’re included in the policy.
How is renters insurance different from homeowners insurance?
Homeowners insurance protects your belongings and the physical structure of your house. While your landlord’s insurance policy covers the physical structure of the building, renters insurance provides coverage for your personal liability and belongings.
Our Rating Methodology
