Living in Youngstown, Ohio is a wonderful experience that offers so much to its residents! Our city boasts a rich industrial heritage that has evolved into a thriving arts and culture scene, with the beautiful Butler Institute of American Art right in our backyard. We enjoy an incredibly affordable cost of living, allowing us to make the most of our hard-earned money. Youngstown's commitment to revitalization is evident in the vibrant downtown area, which has seen an exciting resurgence in recent years. Plus, our community spirit is second to none, with friendly neighbors and a strong sense of local pride that makes everyone feel right at home. With these fantastic qualities, it's no wonder we love calling Youngstown our home!

Why is Youngstown Homeowner's Insurance Expensive?

Attention Youngstown homeowners! Let's dive into why your home insurance costs might be skyrocketing. Fast fact #1: Youngstown's aging housing stock increases repair and replacement costs. Fast fact #2: The city's higher crime rates compared to national averages contribute to elevated premiums. Fast fact #3: Severe weather events have become more frequent, raising the risk for insurers. Fast fact #4: Many Ohio home insurance carriers have adjusted their rates due to recent climate-related incidents. Speaking of which, two local weather events that significantly impacted insurance rates in the past three years include the destructive derecho windstorm of 2020 and the widespread flooding in 2021. These events have prompted insurers to reassess their risk models, resulting in higher premiums for many Youngstown residents.

How Much is Homeowners Insurance in Youngstown?

Homeowners in Youngstown pay an average of $1711 per year, or $143 a month, for a homeowners insurance policy with $300,000 in dwelling coverage. This makes home insurance in Youngstown roughly 5% less expensive than the Ohio average of $1800 per year. And Youngstown insurance is about 33% less than the national average of $2270. It pays to shop and compare Youngstown home insurance rates.

The Cheapest Homeowner Insurance Rates for Youngstown, Ohio

Provider	Annual Insurance Rate
Allstate	$1627
American Modern	$1584
Auto-Owners Insurance	$1342
Chubb	$1927
Cincinnati Insurance	$1241
Encova Insurance	$1536
Erie	$1155
Farmers	$1637
Grange Insurance	$1681
National General	$1685
Nationwide	$1703
Ohio Mutual Insurance	$1129
Progressive	$1813
Safeco	$1819
State Farm	$1988
Travelers	$4941
USAA	$1370
Western Reserve Group	$1380
Westfield Insurance	$956