What you need to know about car insurance in Ohio

Ohio’s car insurance rates are relatively reasonable compared to some other states. Drivers pay an average of $1,417 annually. fully comprehensive auto insuranceThat’s about $500 less than the national average of $1,897. Ohio drivers also pay less for mandatory minimum liability car insurance: $362 per year compared to the US average of $503.

In this guide to car insurance in Ohio, we share the most important things you need to know when looking for a car insurance policy. Specifically, we’ll look at average costs by policy type and company, explain coverage requirements, and offer tips on finding the cheapest car insurance in Ohio.

• The average cost of car insurance in Ohio is $1,417 annually or $118 per month for full coverage.
• Ohio drivers must carry personal liability insurance with at least 25/50/25 coverage limits.
• Grange is the cheapest car insurance company in Ohio, with an average annual full insurance premium of $986.

Understanding car insurance requirements in Ohio

Vehicle owners in the Buckeye State must have liability vehicle insurance with a minimum coverage limit of 25/50/25 to register their vehicles and drive legally. State minimum coverage policy includes:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

“Ohio drivers need to consider the higher limits available, as the statutory minimum amount of coverage is often completely inadequate to pay for a serious auto accident,” says Matt Simon, president of CoverLink Insurance, an independent organization with offices in central and northeastern Ohio.

Experts say drivers should have liability coverage limits of at least 100/300/100 to protect their assets in the event of a major at-fault accident.

The average cost of car insurance in Ohio is cheaper than what drivers pay nationwide. This is not only responsibility but also full coverage policies.

The following rates were collected from the auto insurance comparison site CarInsurance.com for 40-year-old single male and female drivers of a 2023 Honda Accord LX with a good insurance score and no violations on record on a full coverage insurance policy with liability limits. Comprehensive and collision deductibles of $100/300/100 and $500.

While car insurance premiums in Ohio are cheaper on average than nationwide, the amount you’ll pay for coverage will vary. Factors such as your age, zip code, the type of vehicle you own, your credit history and driving record can affect the cost of auto insurance.

To find cheaper car insurance, consider asking: common discounts such as combining your policies, taking a defensive driving course, insuring more than one vehicle with the same policy, or paying your full annual premium. If you have a teenager who drives, ask about good student discounts.

“If you have a learner driver on your policy, see if there is a good student discount; a GPA of 3.0 or higher is usually required to qualify for that discount,” Simon said. “If your student qualifies for this discount, it can lead to significant premium savings, as the most expensive drivers to insure are often teenagers.”

You have full insurance coverage, including comprehensive and comprehensive collision insuranceYou may also consider increasing the applicable deductibles (the amount you must pay before your policy kicks in). The higher the deductible, the lower your premium.

“Car repair costs continue to rise in the U.S., so deductibles of $100 or $250 can really increase the cost of your insurance. Increasing your deductibles to $500 or even $1,000 (if you can comfortably afford it) can help lower your insurance premium, Simon says Simon.

According to our research, Grange Insurance is the cheapest car insurance company in Turkey. OhioWith an average annual premium of $986 for full coverage. Auto Owners ($1,109) and Erie Insurance ($1,132) are also cheaper options.

On the other end of the spectrum, we found Allstate to be the most expensive car insurance company in Ohio, with an average annual rate of $1,942 for full coverage. Other companies with above-average rates include Farmers ($1,794) and Westfield ($1,673).

The following rates were collected from the auto insurance comparison site CarInsurance.com for 40-year-old single male and female drivers of a 2023 Honda Accord LX with a good insurance score and no violations on record on a full coverage insurance policy with liability limits. $100/300/100 and $500 comprehensive and collision deductible.

If you’re shopping for car insurance in Ohio, it can be helpful to have a general understanding of average premiums. Let’s take a look at average quotes in Ohio by insurance company, zip code, and driver profile.

Your city and zip code can have a big impact on the cost of your car insurance policy. According to the rate data we evaluated, Cleveland has the most expensive car insurance rates in Ohio ($1,643). Cincinnati ($1,608) and Toledo ($1,601) also have some of the most expensive premiums.

The cheapest Ohio city for car insurance is Lorain, with an average annual premium of $1,310 for full insurance. Parma ($1,316) and Canton ($1,417) also have cheap prices.

Ohio drivers can save money on car insurance by taking advantage of discounts such as bundling auto and home policies, increasing their deductibles, and maintaining a clean driving record. It’s also a good idea to shop around and compare quotes from multiple insurers. Comparison shopping can help you find the cheapest policy for your coverage needs and situation.

No, Ohio is a defective or tort situation; This means that the person who caused the accident is responsible for compensating the other party for medical bills and property damage. Drivers who suffer losses after an accident may also be able to seek more compensation for their injuries or other damages.

Editors gathered rate information from car insurance comparison site CarInsurance.com for 40-year-old single male and female drivers of the 2023 Honda Accord LX who have a good insurance rating and no violations on their records for a full-coverage insurance policy with liability limits. $100/300/100 and $500 comprehensive and collision deductible.

In addition, we also calculated rates for the same hypothetical drivers, but with one or more of the following on their record: speeding ticket, at-fault accident, DUI/DWI, poor credit history, or opt-out.

We analyzed more than 53 million quotes, more than 34,000 zip codes, and 170 insurance companies nationwide.

Note: 100/300/100 means up to $100,000 for medical bills for people you injured, up to $300,000 per accident for bodily injury liability for all people injured in a crash, and $100,000 to repair other drivers’ cars and property you damaged. .