Ohio’s Affordable Insurance Rates
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Ron Trumbo
Car Insurance Editor |
Ohio drivers and homeowners pay much less than the national average for insurance. For auto insurance specifically, Ohio drivers rank the 7th lowest nationally according to the NAIC. Even better, Ohio’s home insurance rates are the 3rd lowest nationally. If you’re wondering, you’d have to move to North Dakota to find the lowest rates.
Ohio's car insurance rates are the result of accident related medical costs, Ohio weather related insurance claims, and the volume of accidents on Ohio roads and corresponding repairs costs. Similarly, fluctuations in Ohio's homeowners rates are due to to Ohio's weather related insurance claims and the cost of home repair and building material costs.
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Ohio Auto Insurance Coverage Minimums
If you’re looking for the cheapest auto insurance coverage, understand that Ohio requires that you have at least Bodily Injury Liability Coverage of $12,500 per person injured per accident and up to $25,000 for per accident. For Property Damage Liability Coverage, Ohio requires that you have at least $7,500 for damage of property of others per accident. Ohio insurance requirements
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