Best and Cheapest Renters Insurance in Ohio for 2024

What is the best Ohio renters insurance?

Wondering if you need renters insurance in Ohio? It's important to know that your landlord's insurance covers only the building you're renting while renters insurance covers your personal belongings and provides liability protection. A common misunderstanding is that renters don't need renters' insurance because their landlord has insurance, but both policies have different and equally important purposes.

Renters insurance coverage helps you protect your personal property, and can provide you with other coverages like personal liability coverage, identity theft protection, help with medical expenses, and more. Arguably, the best thing that renters insurance providers sell is peace of mind.

So if you want to ensure you're properly covered while renting, it's important to find one of the best Ohio renters insurance companies. But where do you start? In the table above, you can sort through all the renter's insurance companies ranked on Clearsurance. The rating next to each company the insurer's Clearsurance score is based exclusively on the thousands of ratings provided by customers.

Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Ohio renters insurance rankings.

It is important to know as much as you can about your renter's insurance company before taking out a policy with them. Talking to a local, experienced insurance agent can help answer any questions you may have. Some questions to consider asking include, "What is the average cost for your renter's insurance coverage?" "Does my policy cover things such as water damage and bodily injury?" and "What are my coverage options and my coverage limit?"

Interested in learning more about one of the companies on the list of the best renters insurance companies in Ohio? You can visit the company's profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Best Ohio renters insurance rates
• Average cost of renting in Cincinnati
• Average cost of renting in Columbus
• Best renters insurance for Ohio college students
• Ohio property crime statistics

Where can you find the lowest cost of renters insurance?

Out of the most popular renters insurance companies in Ohio, USAA offers the cheapest Ohio renters insurance rates, on average. They offer extremely affordable rates on everything from homeowners and renters to auto insurance and other financial products.

Note: USAA is only available to military members and their families. Immediate family members of deceased service members can get USAA only if the service member had a USAA account before passing.

If you aren't eligible for USAA, your next cheapest option is Erie Renters Insurance Company. Remember, the cost of renters policies typically depends on the coverages that they include.

If you're renting an apartment in Ohio, it may be a good idea to shop around for the best price on renters insurance. On average, renters insurance in Ohio costs about $150 per year. While the price you pay will vary based on factors specific to you and your apartment, it also varies based on the company you choose. Some companies may offer renters insurance in Ohio for a cheaper rate than others. In the table below, you can see the average annual Ohio renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability, and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Ohio will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Cincinnati?

In Cincinnati, Ohio, rent costs an average of $945 per month. The cost of rent in Cincinnati can vary based on your location in the city as well as the size of your apartment.

Cincinnati, located in the southeastern part of Ohio along the Ohio River is one of the main cities in the state. This midwestern American city is famous for Cincinnati chili inspired by Greek cuisine. While the average cost of rent in Cincinnati is $945 per month, there are areas of the city that may cost more or less than that depending on things like housing type, crime rate, access to amenities, and more. For example, the average monthly cost of rent in the Mount Auburn area is $1,670 while the average monthly cost of rent in the Winton Hills area is $588.

Additionally, the cost of rent changes depending on the size of the apartment. On average, studio apartments cost $701 per month, one-bedroom apartments cost $829, and three-bedroom apartments cost $1,227. Renters should consider purchasing a renters insurance policy while renting an apartment in the city in order to protect their personal items from perils such as theft or vandalism.

How much does rent cost in Columbus?

In Columbus, Ohio, rent costs an average of $888 per month. The cost of rent in Columbus varies based on your location and the size of your apartment.

Columbus is the capital and most populous city in Ohio. It's located towards the center of the state and is home to The Ohio State University, the third-largest university campus in the country. While the average cost of monthly rent for an apartment in Columbus is $888, depending on the neighborhood, the rent can vary. For example, apartments in Dennison Place cost an average of $1,629 per month while apartments in the Willow Creek area cost an average of $607 per month.

Additionally, the cost of rent can vary based on the type of apartment. Studio apartments cost an average of $637 per month, one-bedroom apartments cost an average of $802 per month, and three-bedroom apartments in Columbus cost an average of $1,119 per month. While renting an apartment, you should consider purchasing a renters insurance policy to protect your personal items while you rent.

What is the best renters insurance for Ohio college students?

If you're attending a college or university in Ohio, you may live in a dorm on campus or rent an apartment located off-campus. There are a few things for college students renting housing in Ohio to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parent's homeowners insurance policy. This only applies when specifically living in dorms. You may also want to check with your insurance company to make sure there are no exclusions.

College students in Ohio who rent apartments off-campus should consider a renters insurance policy because their items won't be covered under their parents' policy, and without a renters insurance policy, they won't have any protection.

College students will most likely have roommates in the apartment they rent. It's not advised that students share coverages with roommates. Rather, each student should have their own renters policy to protect their own belongings. When renters insurance claims are filed, insurance companies typically want a clear line between the claim and the insured party. With renters coverage annual premiums that generally costs less than $200 for the entire year, renters policies are very reasonable for the average Ohio resident.

What are Ohio's property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Ohio compare to other states around the country? The FBI published the following statistics on crime in Ohio for 2016:

• Property crime - 299,357
• Burglary - 66,883
• Larceny theft - 212,807

When compared to the national average rate per 100,000 inhabitants, all three crime statistics for Ohio rank above the national average. It is important to make sure that you are always covered. Ask your local insurance agent if your renter's policy covers additional protection like a burglar alarm. This will not only help keep you safe but also help with peace of mind, knowing that you are protected.

How can you get the most affordable renters insurance in Ohio?

While renter's insurance may be more affordable than other types of insurance coverages, no one wants to pay more than they have to. So what are the different ways that you can lower your Ohio renters insurance premium and have some extra spending money?

Here are the top 5 ways to lower your renters insurance costs:

• Raise your deductible or choose a higher deductible when getting your quote
• Ask about potential renters insurance discounts
• Bundle your renters coverage with your auto policy, life insurance, or other policies
• Determine the approximate value of your personal property
• Pay in full by check instead of spreading it out over a few months

Remember to always take the time to compare renters insurance quotes so you know you're getting the best price for the coverages you need!

How does Clearsurance rate and rank the best renters insurance companies in Ohio?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better. We look at the total experience from the customer side.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Do you need a renters insurance guide?

As we mentioned above, there are common misconceptions regarding what is and isn't covered by a renters insurance policy. Before you purchase a policy from one of the best renters insurance companies in Ohio, it's important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property? Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your additional living expenses as you find temporary housing in Ohio. Whether you're looking to learn more information about discounts, types of coverage, covered property damage, or something else, we can help.

It is important to know all that you can before taking out a renters insurance policy. Learn about the insurance company and the protection that their policies offer before making a final decision. Know and understand your policy limits and ask about what additional coverages you can add to your protection.

While we all want the most affordable renters’ insurance, it is important not to sacrifice the quality of your protection just to save some money. Talk to a local insurance agent about what insurance company is right for you, and what coverages they offer.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.