5 Best Toledo Homeowners Insurance Companies (2025)
Buckeye Insurance Group and USAA offer some of the best homeowners insurance policies in Toledo, Ohio.
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The average cost of homeowners insurance in Toledo, Ohio, is $1,560 per year, or $130 per month, for a policy with $300,000 in dwelling coverage and a $1,000 deductible. The city of Toledo is vulnerable to flooding, tornadoes, and landslides. Since a standard homeowners policy generally doesn’t cover floods or landslides, it’s a good idea for Toledo homeowners to consider purchasing additional coverage.
Here’s the information you need to know to find homeowners insurance at the right price in Toledo.
Quick Facts
Homeowners insurance in Toledo costs less than the national annual average of $2,532 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Flooding is the most frequent natural disaster in Ohio.
Ohio ranks among the top 20 U.S. states for injuries, fatalities, and financial losses due to tornado events.
Best home insurance companies in Toledo
Toledo has many quality home insurance companies. The best company for you will depend on your needs, situation, and budget. To help you narrow down your options, we’ve selected five of the best home insurers in Toledo based on our research.
Buckeye Insurance Group: Best for affordable rates
With headquarters in Piqua, Ohio, Buckeye Insurance Group has been in operation since 1879. Today, it partners with independent insurance agents to offer coverage to residents in Ohio, Indiana, and Kansas.
Buckeye offers a range of insurance options, including farm, auto, umbrella, dwelling fire, and home insurance. Buckeye also offers some of the cheapest premiums. If you’re looking for affordable rates from a local company, Buckeye might be the right fit for you.
Pros
Affordable rates
Local insurance offices
Can file a claim online using portal
Cons
Quotes not available online
Lower AM Best financial strength rating than some competitors
No discounts listed on website
USAA: Best for military members
Allstate: Best for discounts
State Farm: Best for customizable coverage
American Family: Best for customer satisfaction
Our editorial team analyzed regional and national home insurance companies that sell policies in Toledo to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Toledo?
The average cost of home insurance in Toledo is $1,560 per year, or $130 per month, for a policy with $300,000 in dwelling coverage. In comparison, the average cost of home insurance in Ohio is $1,584 per year, or $132 per month.
Several factors can influence the cost of home insurance, including your location, the type of insurance you have, your deductible, and the insurer you choose.
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Cheapest home insurance companies in Toledo
To help you find affordable home insurance coverage in Toledo, the following table highlights some of the cheapest insurers by dwelling coverage amount.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Travelers | $708 |
| Farmers | $768 |
| USAA | $924 |
| Allstate | $948 |
| Westfield | $1,200 |
| American Family | $1,224 |
| State Farm | $1,296 |
| Auto-Owners | $1,380 |
| Erie | $1,476 |
| Foremost | $1,632 |
| Nationwide | $1,836 |
| Encompass | $2,208 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,608 |
| Allstate | $1,620 |
| Travelers | $1,692 |
| Farmers | $1,848 |
| Westfield | $1,968 |
| American Family | $2,112 |
| State Farm | $2,148 |
| Auto-Owners | $2,700 |
| Erie | $2,844 |
| Nationwide | $3,084 |
| Encompass | $4,368 |
| Foremost | $4,620 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $2,112 |
| Allstate | $2,292 |
| Travelers | $2,496 |
| Westfield | $2,736 |
| Farmers | $2,760 |
| State Farm | $2,820 |
| American Family | $2,844 |
| Auto-Owners | $3,936 |
| Nationwide | $4,032 |
| Erie | $4,056 |
| Encompass | $5,868 |
| Foremost | $8,040 |
How much homeowners insurance do you need in Toledo?
A standard home insurance policy provides financial protection against losses due to theft, accidents, and covered disasters. Most policies provide coverage in four key areas:[?]
What to know about home insurance in Toledo, Ohio
Toledo homeowners have to be aware of certain risks. Some of the main ones include:[?] [?]
Flooding: Flooding from rivers and streams is the most frequent natural disaster in Ohio. Most standard homeowner policies don’t cover flooding. To ensure you have proper protection, you’ll need to purchase an add-on flood insurance policy from a private insurance company or from the National Flood Insurance Program.
Tornadoes: While Ohio doesn’t rank among the states with the largest number of tornadoes, it ranks within the top 20 for injuries, fatalities, and losses. Many standard homeowners policies cover wind damage from tornadoes.
Landslides: Toledo is located in Lucas County, which has a high incidence of landslides. Landslides have destroyed homes, businesses, and highways, resulting in significant financial damage. Landslides can pose a risk to people’s personal safety. Standard homeowners policies generally don’t cover earth movements, including landslides. You can purchase a difference in conditions policy, which offers coverage for landslides, mudflows, earthquakes, and floods.
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Average cost of home insurance in other cities in Ohio
The cost of home insurance in Ohio can vary, as different cities and even ZIP codes within Toledo can result in different insurance quotes. The risk of natural disasters like flooding or landslides can result in varying insurance premiums. Cities that are more densely populated and exposed to more crime are also likely to have higher premiums.
The table below shows how rates fluctuate by city in Ohio.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
City | Average Annual Premium: $300,000 Dwelling Coverage |
|---|---|
| Akron | $1,404 |
| Cleveland | $1,428 |
| Canton | $1,464 |
| Columbus | $1,500 |
| Youngstown | $1,536 |
| Toledo | $1,560 |
| Cincinnati | $1,572 |
| Dayton | $1,608 |
Toledo homeowners insurance FAQs
If you still have questions about homeowners insurance in Toledo, check out the additional information below.
The average annual cost of home insurance in Toledo is $1,560 for $300,000 in dwelling coverage. To protect your home from risks like flooding and landslides, you may need to purchase additional coverage, which can increase the overall cost.
Buckeye Insurance Group has the cheapest homeowners insurance in Toledo, with an average annual rate of $625 for $300,000 in dwelling coverage and a $1,000 deductible.
The best home insurance company for you will depend on your specific needs, situation, and budget. But based on our research, some of the top insurers in Toledo include Buckeye Insurance Group, USAA, Allstate, State Farm, and American Family.
To lower your home insurance premiums, you can look for discounts, increase your deductible, invest in home security, and work on improving your credit. Shopping for multiple insurance quotes from different companies can also help you find the best price.
Generally, you should review your policy annually when it comes up for renewal. But other events should prompt a review and update, including when you’ve made major home improvements, undergone major safety updates (such as fire/alarm systems), or experienced a major life change.[?]
Common risks to homeowners in Toledo include flooding and landslides. Toledo homeowners may consider purchasing an add-on flood policy or a difference in conditions (DIC) policy, which offers coverage for landslides, mudflows, earthquakes, and floods.
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