When considering life in Elyria, Ohio, there are several noteworthy aspects to ponder. This charming city, located just 30 minutes west of Cleveland, offers a blend of small-town appeal and urban convenience. Elyria boasts a rich history, evident in its well-preserved 19th-century architecture and numerous parks. The cost of living here is relatively affordable, making it an attractive option for families and young professionals alike. Residents enjoy access to quality healthcare facilities, including the renowned Cleveland Clinic Elyria Hospital. It's important for those settling in Elyria to consider home insurance to protect their investment, given the area's occasional severe weather events. With its friendly community and diverse recreational opportunities, Elyria offers a comfortable lifestyle for those seeking a balance between suburban tranquility and proximity to big-city amenities.

Why is Elyria Homeowner's Insurance Expensive?

When discussing why home insurance in Elyria, Ohio is so expensive, it's important to consider several factors. Firstly, the area's susceptibility to severe weather events has significantly impacted insurance rates. Secondly, the aging housing stock in Elyria often requires more extensive coverage, driving up premiums. Thirdly, the overall increase in construction and repair costs nationwide has affected insurance rates across the board. In the past three years, two notable local weather events have influenced insurance rates in Elyria: the severe thunderstorms and flash flooding in August 2021, which caused widespread property damage, and the intense winter storm in February 2022 that led to numerous claims for roof and structural damage. These events have prompted Cheapest Home Insurance Companies to reassess their risk models for the area, resulting in higher premiums for many homeowners.

How Much is Homeowners Insurance in Elyria?

Homeowners in Elyria pay an average of $1784 per year, or $149 a month, for a homeowners insurance policy with $300,000 in dwelling coverage. This makes home insurance in Elyria roughly 1% less expensive than the Ohio average of $1800 per year. And Elyria insurance is about 27% less than the national average of $2270. It pays to shop and compare Elyria home insurance rates.

The Cheapest Homeowner Insurance Rates for Elyria, Ohio

Provider	Annual Insurance Rate
Allstate	$1696
American Modern	$1651
Auto-Owners Insurance	$1399
Chubb	$2008
Cincinnati Insurance	$1293
Encova Insurance	$1601
Erie	$1203
Farmers	$1707
Grange Insurance	$1752
National General	$1756
Nationwide	$1775
Ohio Mutual Insurance	$1177
Progressive	$1890
Safeco	$1896
State Farm	$2072
Travelers	$5150
USAA	$1428
Western Reserve Group	$1438
Westfield Insurance	$997