A typical Ohio homeowners’ policy is written through Farmers, State Farm, Allstate, and Progressive, for instance, excludes flooding as something that will be covered under their homeowner’s policy.
In most cases, the only way to get flood coverage is by purchasing a stand-alone flood insurance policy. However, you should ask your homeowners agent if you can add an endorsement to your homeowner’s policy to cover flooding. Yet, don’t be too surprised if the answer is NO.
Having flood insurance coverage in Ohio is important because our beloved Cowboy State has seen a fair share of flooding, and more is likely coming.
We believe that most homeowners think about Flood insurance in Ohio at some point, maybe before buying a home or during the closing process. However, many of us only think about it when a big storm is looming, or we have heard on the news that there is flooding forecasted or happening too close to our home.
If your home or business is in a flood zone, that is considered a low flood-risk area. Sadly, many homeowners decide to forgo purchasing coverage because they believe they are safe from flooding. Some real estate and insurance agents may even say you don’t need it.
FEMA’s National Flood Insurance Program (NFIP) and all federally backed lenders rely on these Ohio flood insurance maps to assess risk, set premiums, and determine who is required to purchase flood insurance. Bad information about an area’s flood risk can leave property owners under or uninsured.
Ohio NFIP flood insurance.
There are many options available in Ohio regarding flood insurance, but they fall into two main categories.
The Government option, also called the NFIP, FEMA, or The Private flood insurance market.
The National Flood Insurance Program (NFIP), also known as FEMA, is the government option for flood insurance. The NFIP has enjoyed a 50-state monopoly on the flood insurance market.
Suppose you have Nationwide Flood Insurance, State Farm Flood Insurance, Progressive Flood Insurance, or any of the logos below. In that case, you are buying the NFIP flood policy that is just being resold through a government program. These companies are private companies, but their flood insurance is not. Here is a list of the 70 companies that resell the NFIP policy.
Ohio is fortunate to have many Lloyd’s of London flood insurance options. Although many Lloyd’s flood insurance companies will have you assume that there is only one option, nothing could be further from the truth.
Lloyd’s of London has a rich history attributed to having invented the first modern insurance model. Unlike most of its competition, Lloyds of London is not a company but a corporate body. This structure works well since it has been around for over 330 years. Lloyds operates under multiple financial backers pooling their capital to spread the risk.
I have two blog posts that deep dive into Lloyds of London and what they mean to Ohio’s flood insurance market. If you are interested, the links are below.
Ohio flood insurance low-to Moderate Risk rate and cost.
This is Flood Zone X, which is not lender required flood zone.
This is usually identified as an X-flood zone. Then we would suggest the government Preferred Risk Policy (PRP) which is a subsidized policy and has set flood insurance coverage limits (see the grid below):
Here is a link if you want to dig into this one. Be ready for an eye chart because every option is a public record and should be standardized accost whoever writes these policies.
Hello, Ohio! Thanks for visiting our page for all your flood insurance needs.
Let’s start with Adams and Manchester, Ohio. Adams and Manchester have 102 active flood policies and $89,672 in flood premiums. The average flood rate for these areas is $879.
Now let’s check out Allen, Ohio, where the average flood rate is $896. Allen has 133 flood policies in effect with $119,110 in total premiums.
Delphos, Ohio, is next, with an average flood rate of $849. Delphos has $87,472 in written premiums and 103 active flood policies.
$1,035 is the average flood rate for Ashland and Ashtabula, Ohio. The premiums here total up to $142,887, including 138 flood policies in effect.
Two hundred eighty-three flood policies are active in Athens, Ohio. Athens has $472,493 in premiums which allows the average flood rate to be $1,670. This is a little higher than the state average, so give us a call, Athens! Let’s see if we can help lower your rates!
Let’s check out Nelsonville, Auglaize, and St. Marys, Ohio, where the premiums add up to $240,870. The active policies in these areas total up to 209, allowing the average flood rate to be $1,152.
Belmont, Ohio, is next with an average flood rate of $1,008. Belmont has 175 active flood policies and $176,482 in written premiums.
$776 is the average flood rate for Brown and Ripley, Ohio. Brown and Ripley have $119,574 in flood premiums and 154 total flood policies.
Butler, Ohio, has 575 active flood policies with $499,103 in flood premiums. Butler has an average flood rate of $868.
The average flood rate drops to $803 when we look at Fairfield, Ohio. Fairfield has 286 active flood policies and $229,535 in written premiums.
Looking at New Miami and Sharonville, Ohio, we find 206 active flood policies and $352,708 in total flood premiums. The average flood rate for New Miami and Sharonville is $1,712, which is higher than the state average. Give us a call! We’ll check the rates for you!
Now let’s look at Minerva and Champaign, Ohio, where the average flood rate drops to $776. The total number of flood policies in effect in Minerva and Champaign is 97, with $77,111 in total written premiums.
Clark, Ohio, has an average flood rate of $919. Clark has $271,392 in total flood premiums, which includes 297 active flood policies.
We’ll look at a group of areas now, which include Enon, Clermont, Columbiana, and East Palestine, Ohio, where the total number of active flood policies is 374. The premiums for these areas add up to $343,739, allowing the average flood rate to be $919.
Next, check out another group of areas: Loveland, New Richmond, Coshocton, and Brecksville, Ohio, where the average flood rate is $1,332. The premiums for these areas add up to $520,859, and the total number of flood policies is 391.
Hello Cleveland, Ohio! Thanks for stopping by! Your average flood rate is $624. The total number of flood policies in Cleveland is 164. The premiums in Cleveland total $102,257.
$4,197 is the average flood rate for Gates Mills and Independence, Ohio. This is much higher than the state average! Contact us! This includes $470,009 in flood premiums and 112 active flood policies.
One hundred nine flood policies are in effect in North Olmstead, Ohio. North Olmstead has $116,518 in flood premiums which allows the average flood rate to be $1,069.
North Royalton, Shaker Heights, Valley View, and Westlake, Ohio, have an average flood rate of $1,110. The total number of flood policies active in these areas is 343, and the premiums add up to $380,641.
Moving to Solon, Strongsville, and Defiance, Ohio, we find 300 active flood policies and $302,958 in total premiums. These areas’ average flood rate calculates to $1,010.
Columbus, Ohio! You don’t have the highest number of flood policies in the state, but you are close to 923! The average flood rate for Columbus is $1,179 which includes $1,088,318 in premiums.
$615 is the average flood rate for Delaware, Ohio. Delaware has 259 active flood policies and $159,327 in written flood premiums.
Let’s look at Dublin, Erie, and Huron, Ohio. These areas have an average flood rate of $1,033. The flood policies total 365, with the premiums totaling $$377,133.
One hundred twenty-five active flood policies exist for Westerville and Bellevue, Ohio. Westerville and Bellevue, Ohio, have an average flood rate of $802. The premiums for these areas total $100,261.
Hello Sandusky, Ohio! Home of Cedar Point, where you can ride some of the fastest roller coasters in the United States! Sandusky, your average flood rate is $776. You have 405 active flood policies and $314,406 in flood premiums.
The average flood rate jumps to $1,565 in Vermilion and Buckeye Lake, Ohio. The premiums for these areas total $402,193, including 257 flood policies in effect.
Fairfield, Ohio, has 242 flood policies, with $259,893 in flood premiums. The average flood rate for Fairfield, Ohio, is $1,074.
Looking at Lancaster, Ohio, we see 450 active flood policies and $538,099 in total flood premiums. This allows the average flood rate for Lancaster to be $1,196
Let’s check out Pickerington and Reynoldsburg, Ohio, where the average flood rate is $1,209. The written policies in these areas total 132 with $159,575 in premiums.
Moving on to Franklin, Ohio, where there are 683 active flood policies and $842,775 in flood premiums. The average flood rate in Franklin is $1,234.
Now, we’ll look at a group of areas that include Gahanna, Grandview Heights, Grove City, Gallia, and Gallipolis, Ohio, where the flood premiums total $444,301, with 349 flood policies in effect. These areas have an average flood rate of $1,273.
Upper Arlington and Whitehall, Ohio, have 132 active flood policies. The premiums here total $139,602, allowing the average flood rate to be $1,058.
In Geauga, Ohio, the average flood rate is much lower at $666. The flood policies total 110 with $73,307 in premiums.
$828 is the average flood rate in Beavercreek, Ohio. Beavercreek has 158 flood policies, with $130,875 in flood premiums.
One hundred two policies are active in Bellbrook, Ohio. The premiums in Bellbrook total $104,257, which allows the average flood rate to be $1,022.
The flood premiums in Fairborn, Ohio, total $112,953, with 133 flood policies in effect. The average flood rate in Fairborn is $849.
Greene, Ohio, has 102 flood policies and $112,953 in total premiums. The average flood rate in Greene is $741.
Three hundred one flood policies are active in Kettering, Ohio. Kettering has an average flood rate of $1,120 with $337,178 in total written premium.
Looking at Cambridge and Guernsey, Ohio, we find a higher average flood rate of $1,697. This includes 120 active flood policies and $203,626 in flood premiums.
Hello Cincinnati, Ohio! Glad you stopped by! The average flood rate in Cincinnati is $1,689. The active flood policies total 488 with $824,431 in written premiums. Give us a call, Cincinnati!
The average flood rate in Evendale and Fairfax, Ohio, jumps to $3,132. The premiums here total $247,413, with 79 active flood policies. Let’s try to find a lower rate!
Hamilton, Ohio, has 493 active flood policies and $541,651 in written premiums. The average flood rate for Hamilton is $1,099.
The average flood rate drops to $981 in Harrison, Ohio. Harrison has 125 flood policies in effect and $122,661 in total premiums.
$1,388 is the average flood rate for Newtown and Reading, Ohio. Newtown and Reading have 144 flood policies and $199,854 in written flood premiums.
Seven hundred thirty-five flood policies are active in Findlay, Ohio! Findlay has an average flood rate of $1,302, including $957,304 in flood premiums.
A group of areas, including Hancock, Hocking, Jackson, and Dillonvale, Ohio, find an average flood rate of $880. The policies in effect in these areas total 360 with $316,696 in premiums.
The rate increases slightly to $1,156 when we look at Logan, Killbuck, Jefferson, and Knox, Ohio. The premiums for these areas total $382,785 with 331 flood policies.
Mount Vernon, Ohio, has 130 active policies and $101,992 in premiums. Mount Vernon’s average flood rate is $785.
The average flood rate goes up to $1,230 when we look at Eastlake, Ohio. Eastlake has 164 active flood policies and $201,791 in written premiums.
There are 196 active flood policies in Lake County and Mentor, Ohio. These two areas have an average flood rate of $536 with $104,978 in flood premiums.
The premiums in Painesville, Willoughby Hills, and Willoughby, Ohio, total $290,397, with 213 flood policies in effect. These areas have an average flood rate of $1,363.
Lawrence, Ohio, has 368 flood policies with $286,181 in flood premiums. The average flood rate for Lawrence is $778.
In Licking, Ohio, there are 111 flood policies in effect. The average flood rate in Licking is $787, including $87,362 in written premiums.
The average flood rate rises to $1,141 in Newark, Ohio. Newark has 234 active flood policies and $266,983 in flood premiums.
$199,656 is the premium total for Logan and Avon, Ohio. These two areas have an average flood rate of $1,040 with 192 flood policies.
Lorain, Ohio, has an average flood rate of $933. Lorain’s active flood policies total 302 with $281,854 in premiums.
$963 is the average flood rate for North Ridgeville, Ohio. The premiums in North Ridgeville total $280,094 with 291 flood policies.
Six hundred seventy-nine flood policies are active in Lucas, Ohio. Lucas has an average flood rate of $1,001. The premiums in Lucas total $679,891.
In Oregon, Ohio, the average flood rate is $777. The premiums in Oregon add up to $187,342 with 241 active policies.
Hello Toledo! Toledo, Ohio, has an average flood rate of $959. The active policies in Toledo total 655 with $627,934 in total premiums.
The average flood rate drops slightly to $710 in Mahoning, Ohio. Mahoning has 123 policies in effect and $87,279 in total premiums.
Looking at La Rue and Marion, Ohio, we find 158 flood policies in effect and an average flood rate of $830. The premiums in these areas total $131,066.
Next, let’s check out Prospect and Brunswick, Ohio. These two areas have 133 flood policies active and $115,713 in flood premiums. The average flood rate is $870.
Medina, Ohio, has an average flood rate of $741. The premiums in Medina add up to $160,895 with 217 policies in effect.
In Rittman and Meigs, Ohio, we find 151 active flood policies and $132,556 in flood premiums. The average flood rate for Rittman and Meigs is $878.
One hundred four policies are active in Middleport, Ohio. Middleport has an average flood rate of $1,012 with $105,256 in premiums.
Let’s look at a group of areas, including Mercer, Miami, Dayton, and Germantown, Ohio. These areas have $390,771 in flood premiums. The average flood rate is $1,034, with 378 flood policies.
Looking at Troy and Carlisle, Ohio, we find an average flood rate of $1,035. These two spots have 200 active flood policies and $207,071 in total flood premiums.
Montgomery, Ohio, has 316 active policies and $322,750 in premiums. The average flood rate in Montgomery is $1,021.
The average flood rate in Moraine, Riverside, and Trotwood, Ohio, is $1,477. The premiums for these areas total $209,778, with 142 flood policies in effect.
$1,199 is the average flood rate for West Carrollton, Ohio. West Carrollton has 221 active flood policies and $264,951 in total premiums.
The average flood rate for Morgan and Muskingum, Ohio, is $801. The number of flood policies totals 202, with $161,718 in flood premiums.
One thousand one hundred ninety-six flood policies are active in Ottawa County, Ohio. Ottawa has an average flood rate of $820 with $980,620 in total premiums.
$189,511 is the premium total for Port Clinton, Ohio. Port Clinton has an average flood rate of $898 with 211 flood policies.
Let’s check out a group of areas: Paulding, New Lexington, Pike, Portage, Putnam, Mansfield, Chillicothe, and Ross, Ohio, where the average flood rate is $1,045. The active flood policies total 657 with $686,597 in total flood premiums.
The next group of areas has the same average flood rate of $1,045. These areas include Perry, Pickaway, Preble, Ottawa, Richland, and Shelby, Ohio. The premiums for these areas total $570,603, with 546 policies in effect.
Hello Sandusky, Ohio! Home of Cedar Point! Cedar Point, OH, is home to some of the fastest roller coasters! Glad to have you here! You have 121 flood policies in effect with $87,882. The average flood rate is $726 in Sandusky.
In Scioto, Ohio, there is an average flood rate of $915. The premiums in Scioto total $284,715, with 311 flood policies in effect.
Seneca and Tiffin, Ohio, has 134 active flood policies with $149,438 in total premiums. The average flood rate for Seneca and Tiffin is $1,115.
$904 is the average flood rate for Shelby and Sidney, Ohio. The premiums for these areas total $176271, with 195 active flood policies.
Three hundred eleven policies are active in Stark, Ohio. Stark has an average flood rate of $872 with $271,079 in written premiums.
Akron and Barberton, Ohio, have $282,437 in flood premiums and 245 flood policies. The average flood rate for Akron and Barberton is $1,153.
$436 is the average flood rate for Cuyahoga Falls and Hudson, Ohio. These areas have 343 policies in effect and $149,478 in total premiums.
In Stow, Ohio, there are 117 flood policies active with $72,832 in premiums. Stow’s average flood rate is $622.
Two hundred thirty-one flood policies are active in Summit, Ohio. The average flood rate for Summit is $595, including $137,431 in total premiums.
Looking at Niles, Trumbull, Tuscarawas, and Uhrichsville, Ohio, we find an average flood rate of $981. These areas have 514 policies, with $504,274 in total flood premiums.
Now, let’s check out Warren, New Philadelphia, Franklin, Morrow, and South Lebanon, Ohio, where there are 437 flood policies active. The premiums for these areas total up to $571,603, allowing the average flood rate to be $1,308.
Warren, Ohio, has an average flood rate of $923. The premiums in Warren total $336,962 with 365 active flood policies.
There are 190 flood policies in effect in Belpre, Ohio. The average flood rate in Belpre is $890, which includes $169,076 in total flood premiums.
Three hundred ninety-eight flood policies are active in Marietta, Ohio. Marietta has $831,953 in written premium, which allows the average flood rate to be $2,090.
The average flood rate drops to $1,311 in Washington, Ohio. Washington has 186 policies in effect with $243,898 in flood premiums.
$747 is the average flood rate for Wayne and Williams, Ohio. The premiums here total $78,430 with 105 active flood policies.
The average flood rate rises to $852 in Wood, Ohio. Wood has $95,473 in total premiums with 112 active flood policies.
Finally, we’ll look at Carey, Ohio, where the average flood rate is $1,164. Carey has 110 policies in effect with $128,079 in total premiums.
Thanks for checking out all the flood information on Ohio!!