Hello, fellow Akronites! There's so much to love about our wonderful city. Did you know that Akron is home to some of the best parks in Ohio? With over 6,000 acres of green space, including the stunning Summit Metro Parks, we have endless opportunities for outdoor recreation right at our doorstep. Our city also boasts a rich cultural scene, featuring the world-class Akron Art Museum and the vibrant Lock 3 Park, which hosts fantastic events throughout the year. Let's not forget our claim to fame as the "Rubber Capital of the World," which has evolved into a thriving hub for polymer research and innovation. With a cost of living well below the national average and a strong sense of community, Akron truly offers an exceptional quality of life for all its residents.

Why is Akron Homeowner's Insurance Expensive?

Akron, Ohio residents may wonder why their home insurance rates are relatively high. Here are 4 Essential Take Aways to help understand this situation: 1) Akron's location in the Midwest exposes it to various weather-related risks. 2) The city's aging housing stock can lead to higher repair and replacement costs. 3) Recent weather events have contributed to increased rates. 4) Despite higher costs, there are still ways to find affordable coverage. In the past three years, two significant weather events that impacted insurance rates in Akron were the severe thunderstorms and flooding in May 2022 and the damaging windstorms in April 2021. These events resulted in numerous claims and property damage, influencing insurance providers to adjust their rates. However, it's important to remember that Best Home Insurance Companies still offer competitive rates and comprehensive coverage options for Akron homeowners. By shopping around and comparing policies, residents can find the right balance between protection and affordability.

How Much is Homeowners Insurance in Akron?

Homeowners in Akron pay an average of $1800 per year, or $150 a month, for a homeowners insurance policy with $300,000 in dwelling coverage. This makes home insurance in Akron roughly 0% less expensive than the Ohio average of $1800 per year. And Akron insurance is about 26% less than the national average of $2270. It pays to shop and compare Akron home insurance rates.

The Cheapest Homeowner Insurance Rates for Akron, Ohio

Provider	Annual Insurance Rate
Allstate	$1711
American Modern	$1665
Auto-Owners Insurance	$1412
Chubb	$2026
Cincinnati Insurance	$1305
Encova Insurance	$1615
Erie	$1214
Farmers	$1722
Grange Insurance	$1767
National General	$1772
Nationwide	$1790
Ohio Mutual Insurance	$1187
Progressive	$1907
Safeco	$1913
State Farm	$2091
Travelers	$5196
USAA	$1441
Western Reserve Group	$1451
Westfield Insurance	$1006