The average cost of car insurance in Ohio varies based on certain factors, such as age and location. Shopping around is the best way to get the coverage you need at a rate you can afford.
Table of Contents
- Ohio Auto Insurance Costs by Insurer
- Ohio Auto Insurance Premiums by Driver Age
- Ohio Car Insurance Premiums by Gender and Marital Status
- Average Ohio Insurance Rates After A Violation or Accident
- Ohio Auto Insurance Premiums by Credit Tier
- Expensive Ohio Cities
- Cheaper Ohio Cities
- List of Insurance Companies in Ohio
- No-fault Insurance in Ohio Information
- Resource Section
Ohio Auto Insurance Costs by Insurer
Auto insurance rates are calculated using a number of factors, with your home state being just one of them. Auto insurance rates also consider:
- Credit score
- Driving record
- Age
- Gender
- Marital status
Fortunately, the average cost of car insurance in Ohio is cheaper than that of other states. It has an average annual rate of $1,037, which is about 27.3% less than the national average.
Here’s how the average annual rates of several Ohio providers compare, based on minimum coverage:
- Westfield: $406.
- State Farm: $410.
- Geico: $449.
- Erie: $464.
- Nationwide: $484.
- Grange: $595.
- Progressive: $663.
- Allstate: $757.
These rates include only the minimum insurance required by Ohio laws. If you want insurance that will cover all damages and medical bills in Ohio, you’ll need full coverage. Geico is usually the cheapest full coverage option, with an annual average rate of $1,029, which is 34% cheaper than the state’s average.
Ohio Auto Insurance Premiums by Driver Age
Insurance companies consider younger drivers to be riskier because of their minimal driving experience. This means car insurance will cost more when you’re younger. In Ohio, the average annual cost of insurance for a 16-year-old driver is $4,659. A driver in Ohio who is 50-59 years of age will pay, on average, just $884 annually.
As you get older, your insurance rates may change based on driving habits. It’s always a good idea to shop around for quotes to ensure you have the best insurance rate based on your age.
Ohio Car Insurance Premiums by Gender and Marital Status
Your insurance rates can also be affected by your gender and marital status. Being married can earn you discounts on your insurance rate. Married drivers in Ohio save, on average, $44 each year. Divorced drivers may also receive discounts, with an average of $76 annually.
Gender does not have as much of an effect on insurance rates in Ohio, but some providers may use it as a rating factor when giving quotes. On average, females tend to pay $1,026.99 annually, versus males at $1,015.93.
Average Ohio Insurance Rates After a Violation or Accident
Multiple traffic violations or an accident on your record will also increase your insurance rates, especially if you’re found to be at fault for a car accident. Numerous tickets or accidents will usually lead to significant increases in rates. This is because insurance companies calculate rates based on how likely you are to be in an accident. If you have previous tickets or accidents, you’re more likely to have have additional tickets or accidents, and you’re more likely to file a claim.
On average, you can expect an increase of $520.31 annually following a minor at-fault accident. A DUI or DWI can also increase your rates by an average of $673.87 annually.
Ohio Auto Insurance Premiums by Credit Tier
Having a lower credit rating can also lead to higher insurance rates. However, the increase will vary between insurance providers, as different companies value credit differently. If you have a poor credit rating, it may be valuable to shop around for insurance quotes.
Drivers with high credit ratings tend to get the best rates. This is due to the fact that studies show that drivers who also have high credit ratings are less likely to file a claim. In Ohio, a driver can save up to $1,024.52 each year in comparison with someone who has bad credit. WalletHub has found Geico to be the cheapest insurance provider in Ohio if you have poor credit.
Expensive Ohio Cities
Some cities in Ohio tend to be more expensive for insurance rates. The most expensive cities in Ohio are St. Bernard, Cleveland, and Youngstown.
Cheaper Ohio Cities
Some cities are also cheaper in Ohio, including Findlay, St. Mary’s, and Benton Ridge. Cities with less traffic can decrease your risk of being in an accident, thus leading to cheaper rates.
List of Insurance Companies in Ohio
Ohio drivers have a lot of insurance options. The insurance provider that usually has the cheapest rate is Westfield. Geico is another provider with lower rates. Allstate tends to be more on the expensive side, but it usually offers more coverage. Other insurance providers in Ohio include State Farm, Erie, Nationwide, Grange, and Progressive. USAA is another option that’s available for active military members and their families.
No-fault Insurance in Ohio Information
The state of Ohio requires all driver’s insurance policies to have liability coverage. This coverage covers medical bills and property damages of other parties if you’re responsible for the accident. The minimum liability insurance required in Ohio is:
- $25,000 bodily injury per person.
- $50,000 bodily injury per accident.
- $25,000 property damage liability per accident.
Minimum coverage insurance in Ohio will usually get you the cheapest rate, approximately $528 annually. However, it’s always important to consider your insurance needs, as well as how much you might have to pay out of pocket if you’re in an accident. Minimum converge does not include comprehensive or collision.
For some drivers, such as teen drivers, it may make sense to go with full coverage. According to ValuePenguin, teen drivers are statistically more likely to be in a car accident, and full coverage can ensure that they will receive the funds they need to deal with property damages and medical bills if necessary.
With numerous insurance options available in Ohio, it can be difficult to choose the right one. Shopping around ensures that you’ll get the best rate and the right amount of coverage for your needs.
Sources:
https://www.valuepenguin.com/best-cheap-car-insurance-ohio
https://wallethub.com/cheap-car-insurance/ohio
https://www.caranddriver.com/car-insurance/a35437532/progressive-auto-insurance/
https://www.caranddriver.com/car-insurance/a35291326/how-to-find-the-best-car-insurance/
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