Eldorado, OH Home Insurance Quotes!

It's not uncommon to hear that homeowners living in Eldorado are paying too much for homeowners insurance. At GetHomeInsuranceQuotes.com, we can help you reduce your annual home insurance cost! Did you know that the average Ohio homeowner is paying round $871 per year? Let us help you shop multiple rates and consider every home insurance discount available to help you get better coverage for a lower price. Eldorado homeowners that shop with us can see annual premiums for homeowners insurance for an HO-3 policy as low as $387 per year.

Eldorado Demographics

In the town of Eldorado Ohio, roughly 931 are living in families that average 3 in size. There are 342 housing units in the city of Eldorado, but currently only of them are occupied.

One of the things that makes living in Eldorado fabulous is the fact that most households are earning roughly $55,074, which is the average household income in our area. House prices are also extremely affordable in our little slice of paradise with the average home being priced around $94,300.

Very Affordable Homeowners Insurance in Eldorado

Within Eldorado, we are very lucky to offer extremely affordable homeowners insurance rates and coverage options. The average premium for homeowners insurance in Eldorado, OH is around $387 per year. Homeowners living in homes in the 2,000 square foot range are paying around $637 for a standard HO-3 policy. Larger homes with more replacement cost coverage because they are larger in heated square footage and cost more to replace are paying around $937 per year. Request quotes online now or Call us now for free quotes: 855-976-2656! We look forward to working with you!

What are the different policy types for homes in Eldorado?

There are a number of different homeowners insurance policy types for homeowners living in Eldorado. Each different policy type is designed especially for a certain kind of home. This will give you a great overview of the different types of policies that are available:

HO-3: The most common type of homeowners insurance being sold in Eldorado is the HO-3 policy. This is the policy that most people purchase for their home. It will protect you if your home is damaged by any peril, except ones that are specifically excluded by the policy details. All HO-3 policies exclude flooding and earthquake damage, other exclusions usually apply so read the policy carefully.
HO-4: This policy was designed with renters in mind. It covers all of the personal property that you have in your apartment, it also offers liability coverage to protect you if someone is injured in your apartment. Liability protection will cover the cost of a person's medical bills if they are injured in your apartment. If they decide to sue you, this coverage will pay for the cost of your legal defense as well as any settlements or judgments that come out of the lawsuit.
HO-5: This is an upgrade from the HO-3 policy and tends to offer more comprehensive coverage but it also costs more. These policies are usually available on newer, more upscale houses.

The big difference is that your personal property is covered from all perils except those excluded in the policy while an HO-3 only covers personal property against the perils named in the policy. It also offers replacement cost coverage as standard while an HO-3 will usually have fair market value as standard coverage.

Compare Homeowners Insurance Rates in Eldorado, OH!

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Average Rates Nearby Eldorado

Are you looking for homeowners insurance in a city near Eldorado? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Eldorado, OH

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Eldorado.

45321,

Eldorado, OH Home Insurance Average Premiums

Local Eldorado, OH home insurance quotes comparison

$387 /yr.

Shows Eldorado's lowest average rates with discounts applied.

For the city of Eldorado, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$387 /yr.
Average Coverage:	$637 /yr.
2600 sq. ft. or higher (all discounts applied)	$937 /yr.

What is the average home insurance cost for a home in Eldorado, OH?

• The average homeowners insurance premium paid annually for a home in Eldorado is around $637 per year.

What does it cost on average per month for home insurance in Eldorado, OH?

• Homeowners in Eldorado pay an average cost per month around $53.00 for insurance coverage.

Eldorado, OH - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$143,581	$133,428
February	$143,776	$134,564
March	$144,268	$136,057
April	$145,035	$137,793

Homeowners insurance will help cover the cost to repair or replace your Eldorado home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Eldorado
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Eldorado, OH homeowners insurance rates all in one place!

Saving Money Tips on Eldorado Home Insurance

A great way to save money on Eldorado homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Eldorado area? Check out what homeowners are paying on average for Ohio homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
1122 ft.	This is the average home elevation in Eldorado, OH	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Ohio flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Eldorado, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Preble County.

Ohio Homeowners Insurance News & Information

Is the U.S. Home Buying Market Going to Drop in 2025? Posted on Friday 4th July, 2025
Housing Crisis, Low prices. Graph, Residential Building, Built Structure, Chart, Home Finances, Recession, Arrow, Real estate. The housing market is falling. A recent report from the Harvard Joint Center for Housing Studies found that U.S. homebuying has dropped to its lowest levels since the mid-1990s. The report, The State of the Nation’s Housing 2025 blames record high […]
Florida Homeowners Are Concerned About Property Insurance Crisis Posted on Tuesday 1st July, 2025
Insurance rates are rising at unprecedented rates, causing millions of people to struggle with the new premiums. In the last three years, insurance rates have doubled in some areas. Homeowners fear for their houses while their representatives in Congress struggle to help. Insurers are pulling out of states like Florida as damaging hurricanes and powerful […]
Upgrading Your Home Against Disasters Can Help Save You Money On Your Insurance Posted on Thursday 26th June, 2025
Ron Watson’s roof on his Alabama home looks the same as all his neighbors’ roofs. Yet his is saving him money every year. With the help of nails specifically designed to stay in place during high winds, along with other construction elements, Watson’s roof is less likely to be damaged in natural disasters, like hurricane […]
Should I consider climate changes when buying a new home? Posted on Saturday 21st June, 2025
Climate change is on our doorstep, so now more than ever, it’s essential to consider the local climate when buying a new home. Not only is the current climate important, but experts suggest homeowners look towards the future. How will the next 10, 20 or 30 years impact your new purchase? The increasing frequency of […]
How to Prepare Before Hurricanes Threaten Florida Posted on Monday 19th May, 2025
Hurricane season is quickly approaching and one of the most important things to do before a storm hits is to make sure your insurance coverage is up to date and your coverage levels are sufficient in the event your home is damaged by severe weather. Regardless of whether you own a home or are renting, […]

Eldorado, OH Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Eldorado so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Eldorado, OH?

- The average square footage in Eldorado is around 850 Sq. Ft. which would cost you around $94,300 to replace the home if you base the home on the price to build per square foot of $111.

Minimum Replacement Cost Total: $94,300

Location: Eldorado, Ohio (Preble County)

Average Building Cost Per Square Foot in Eldorado: $111 (low end)

Average Square Footage in Eldorado: 850 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$111	$94,300
Some Additional Upgrades	$139	$117,875
Major Home Updates or Advancements	$167	$141,450

Calculate Your Eldorado, OH Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($111) in Eldorado, Ohio times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $346,875 (Media price to build of $139 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.