Ohio, the gateway to the Midwest, has been an economic power for decades. With 312 miles of the shore of Lake Erie, the state organizes freight ports, beaches and sailing companies along the entire lake. Thanks to the lively jazz scene, rock and roll history museum, lakes and rivers tours, vineyards and amusement parks, Ohio is teeming with life with numerous attractions for visitors from all over the country. How much is car insurance in Ohio?
Cheap good driver insurance in Ohio
Drivers with a good driving history usually enjoy lower car insurance costs than drivers with a history of overspeeding, traffic accidents or DUI citations. Drivers from Ohio without a recent accident through guilt typically save 34% on car insurance premiums – slightly better than the US average of 32%. In addition to getting a cheaper premium for driving without accidents, you can qualify for a safe driving bonus through a car insurance company. The amount of these discounts may vary, but usually range from 5 to 10%.
Cheapest insurance companies with full coverage in Ohio
The cheapest insurance company in Ohio was GEICO, with annual rates of $ 1,096, which is 35% cheaper than the state average. The next cheapest car insurers with a full insurance policy were State Farm and Westfield.
Total three cheapest insurers averaged $ 1.299 in annual car insurance costs or a 27% discount over the national average.
The most expensive companies offering car insurance in our sample were:
- Allstate
- Progressive
- Nationwide
In total, these companies had an average of $ 2,173 in annual premiums, or 29% more than the state average.
Cheapest for good drivers with poor credit
Ohioans with poor credit and a clean driving record may want to get offers from those companies that showed the cheapest average full coverage rates:
- Grange: USD 798 per year.
- Geico: USD 1,044 per year.
- National: USD 1,374 per year.
- Cincinnati insurance: USD 1,439 per year.
- Erie: USD 1,600 per year.
If you have uneven credit history, it’s important to look around to find the cheapest auto insurance rates you can. Poor credit can have a greater impact on car insurance premiums than even a DUI conviction or recent failure, but prices vary by insurer. To calculate these numbers, NerdWallet averaged rates for 40-year-olds with a clean driving record and associated good discount for the driver, if the insurer offered it. They had poor creditworthiness, as reported to their insurer, and standard car insurance “with full insurance”.
Required minimum auto insurance coverage in Ohio
The following insurance coverage is the minimum required by Ohio to legally operate a motor vehicle:
- Liability insurance: USD 25,000 per person and USD 50,000 in the event of an accident
- Civil liability insurance for damage to property: USD 25,000 in case of an accident
While these are the minimum insurance coverage Ohio requires of you, everyone’s insurance needs are unique. Our licensed agents from Ohio can help you find the right insurance.
