1999 Average Homeowners and Renters Insurance Premiums by State

Homeowners insurance study

Homeowners insurance in Ohio remains affordable despite the fact that premiums are on the rise.

A December 2001 study by the National Association of Insurance Commissioners (NAIC) found Ohio’s 1999 average homeowners insurance premium is next to lowest in comparison to all states and Washington, DC. Ohio ranked 50th based on US average homeowners premiums since 1996. Ohio’s 1999 average homeowners insurance premium of $314 was 55% below the US average.

The HO-3 policy served as the basis of the homeowners insurance study, the most common policy written, which provides the broadest coverage available. Owner-occupied dwellings of 1–4 family units were used in the study along with “all-peril” coverage. For more information on the HO-3 policy, click here.

Renters insurance findings

The NAIC study also provided state average premiums for renters insurance. Ohio’s 1999 average renters insurance premium ranked 37th lowest in comparison to all states and Washington, DC (same ranking as 1998). Ohio’s 1999 renters insurance premium was nearly 24% lower than the US average. The state’s 1996-97 average renters insurance premiums ranked 34th lowest in the country.

The renters insurance premium study was based on the HO-4 policy, the “Tenants” form. It protects personal property against broad-named perils, similar to an HO-2 policy. For HO-2 and HO-4 policy information, click here.

Click here for the chart "1999 Average Homeowners and Renters Insurance Premiums by State."