Ohio: Auto Insurance Rates 9th Lowest in U.S.

Update:

Idaho licence plate.  Idaho's motorists enjoy the cheapest auto-insurance in the entire country at $535.00 a year. 1. Idaho $535 2. South Dakota $540 3. North Dakota $550 4. Iowa $553 5. Maine $577 6. North Carolina $600 7. Wisconsin $601 8. Nebraska $603 9. Ohio $620
Idaho licence plate. Idaho’s motorists enjoy the cheapest auto-insurance in the entire country at $535.00 a year. Average yearly auto insurance premiums from 1 to 9:
1. Idaho $535
2. South Dakota $540
3. North Dakota $550
4. Iowa $553
5. Maine $577
6. North Carolina $600
7. Wisconsin $601
8. Nebraska $603
9. Ohio $620

see source

Ohio ranks ninth in the country for the amount of money paid for auto insurance rates, according to a release from Lt. Gov. Mary Taylor, who also directs the Ohio Department of Insurance.

Ohioan’s paid $620 on average for auto insurance according to 2011 data from the National Association of Insurance Commissioners, the most recent data available. That figure is up $1 from a year earlier, according to Taylor’s office. The national average for auto insurance is $797.

“Having auto and homeowners insurance rates that are among the lowest in the country is a big savings for Ohio consumers,” Taylor said in the release. “On average, Ohioans are paying a combined $500 less for their auto and homeowners insurance compared to the national average.”

Ohioans paid $652 on average for their homeowner’s premium, making the state the sixth lowest for premiums for the second year in a row. The national average for homeower insurance is $968, according to the release.

A year earlier, Ohioans paid $624 for the average homeowner premium, while the national average was $906, according to Taylor’s office.

During that same time period, Ohioans paid $619 for auto insurance. The national average was $791.


States with lower average yearly auto insurance premiums than Ohio

1. Idaho $535

2. South Dakota $540

3. North Dakota $550

4. Iowa $553

5. Maine $577

6. North Carolina $600

7. Wisconsin $601

8. Nebraska $603

9. Ohio $620

States with lower average yearly homeowner insurance than Ohio

1. Idaho $512

2. Oregon $552

3. Utah $552

4. Wisconsin $572

5. Washington 604

6. Ohio $652

Source: National Association of Insurance Commissioners

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