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Table of Contents
- Ohio Auto Insurance Costs by Insurer
- Ohio Auto Insurance Premiums by Driver Age
- Ohio Car Insurance Rates by Gender and Marital Status
- Ohio Insurance Rates After a Violation or Accident
- Ohio Auto Insurance Premiums by Credit Tier
- Expensive Ohio Cities
- Cheaper Ohio Cities
- Resource Section
- List of Insurance Companies in Ohio
- No-Fault Insurance in Ohio Information
In almost every state, you need to have auto liability insurance to drive legally. The state minimum car insurance in Ohio is:
- Bodily injury liability coverage per accident: $50,000
- Bodily injury liability coverage per person: $25,000
- Property damage liability per accident: $25,000
Ohio Auto Insurance Costs by Insurer
While auto insurance is relatively affordable in Ohio, it’s a good idea to shop around before you buy. Premiums can vary greatly from one insurance company to another, so you can save substantially if you manage to find a good insurer that offers competitive rates. According to ValuePenguin, the following are the insurance providers that offer the lowest premiums for minimum car insurance coverage in Ohio:
- Westfield: $406 per year
- State Farm: $410 per year
- GEICO: $449 per year
- Erie: $464 per year
- Nationwide: $484 per year
Ohio Auto Insurance Premiums by Driver Age
The age of the driver is one of the main factors insurance providers consider when determining auto insurance premiums. In general, young drivers have to pay more for car insurance because of their limited driving experience. Those who are in their 50s or early 60s typically get the lowest rates. In a survey, NerdWallet found that the insurers below have the most affordable minimum car insurance for 20-something drivers in Ohio:
- Esurance: $261
- GEICO: $524
- Allstate: $605
- Westfield: $650
- State Farm: $718
The most affordable insurance companies for drivers in their 30s who want to buy minimum coverage include:
- Esurance: $261
- Westfield: $293
- Auto-Owners: $296
- State Farm: $315
- GEICO: $316
If you’re in your 40s, you can get the cheapest minimum car insurance coverage from these insurance providers:
- Esurance: $261
- Westfield: $282
- Hastings Mutual: $291
- Frankenmuth: $301
- Encova: $315
The insurance companies below have the best minimum coverage rates for 50-something drivers in Ohio:
- Hastings Mutual: $246
- Esurance: $261
- Encova: $264
- Frankenmuth: $267
- Westfield: $270
The following insurance providers are great options for 65-year-olds who are looking for the lowest minimum coverage rates:
- Frankenmuth: $249
- Esurance: $261
- Encova: $273
- Hastings Mutual: $282
- State Farm: $299
Ohio Car Insurance Rates by Gender and Marital Status
In Ohio, married couples usually pay more for car insurance than single drivers because they’re getting coverage for more than one driver. Those who have multiple vehicles or teen drivers on their policies can expect to face higher premiums. According to SmartFinancial, these are the average monthly auto insurance rates in Ohio by marital status:
- Married couples: $89.10
- Single drivers: $86.97
- Divorced drivers: $66.84
Ohio Insurance Rates After A Violation or Accident
Usually, drivers with clean records enjoy better auto insurance rates than those who had accidents, speeding tickets, or DUI violations. This is because insurers regard drivers with spotty driving histories as high-risk customers. The following is a comparison of the average monthly premiums of safe drivers and high-risk drivers:
- Safe drivers: $86.73
- Drivers with an accident, DUI, or ticket: $96.08
Ohio Auto Insurance Premiums by Credit Tier
Besides your age, marital status, and driving history, insurance companies look at your credit score when calculating your quote. In most cases, you’ll pay less for car insurance if you have an impressive credit score. Below are the average monthly costs of auto insurance in Ohio by credit rating:
- Excellent: $75.56
- Good: $87.42
- Poor: $94.91
Expensive Ohio Cities
Your auto insurance premiums can vary considerably depending on where you live in Ohio. If you reside in a city that has a high accident rate, be prepared to deal with higher insurance rates. The prevalence of auto theft and vandalism can also cause your premiums to go up. According to Reviews.com, the most expensive Ohio cities for car insurance include:
- Toledo: $619.19
- Whitehall: $616.88
- Youngstown: $612.84
Cheaper Ohio Cities
Conversely, if you live in a city with mild traffic and a low crime rate, you’ll typically pay less for auto insurance. The following are the three most affordable cities in Ohio for car insurance:
- Caldwell: $391.63
- Upper Sandusky: $402.83
- Nelsonville: $404.36
List of Insurance Companies in Ohio
MoneyGeek compiled a ranking of the best auto insurance providers in Ohio based on affordability, claims experience, and customer service. The website assigned each company a score out of 100. The rankings relied on information found in the claims satisfaction ratings from J.D. Power and the financial strength reviews from AM Best. These two organizations have established a strong reputation in the car insurance industry for evaluating claims processes and customer satisfaction levels.
USAA finished at the top of the ranking with an impressive score of 100. Nonetheless, you won’t be able to buy auto insurance from this provider unless you’re an active military member, veteran, or a military family member. For ordinary car insurance buyers, the best insurers are Erie (95), United Farm (92.5), Hartford (87.5), Auto-Owners (87.5), and GEICO (87.5).
No-Fault Insurance in Ohio Information
Ohio is an at-fault state. In the event of an accident, the driver who is at fault must pay for the other party’s financial losses, including medical expenses and vehicle repairs.
While you’re only required to meet the minimum auto insurance requirements, you might consider getting additional coverage. This is because more than 10 percent of drivers in Ohio have inadequate insurance coverage. With extra coverage, you’ll have better protection against financial losses if another driver is at fault.
It’s also a good idea to get uninsured and underinsured motorist coverage, which pays for damages that result from an accident with a driver with insufficient insurance or a hit-and-run driver. Other recommended types of car insurance include collision coverage and comprehensive coverage, which cover accident-related vehicle repairs and non-accident repairs, respectively.
Sources:
https://www.valuepenguin.com/best-cheap-car-insurance-ohio
https://www.nerdwallet.com/blog/insurance/cheapest-car-insurance-in-ohio-oh/
https://smartfinancial.com/auto-insurance/ohio/average-rates
https://www.reviews.com/insurance/car/best-in-ohio/
https://www.moneygeek.com/insurance/auto/cheapest-car-insurance-ohio/
https://www.caranddriver.com/car-insurance/a35590749/factors-that-affect-car-insurance-rates/
https://www.caranddriver.com/car-insurance/a35472945/how-to-choose-car-insurance/
https://www.caranddriver.com/car-insurance/a35434289/geico-car-insurance/
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