Ohio Official Predicts Slight Increase in Auto Insurance Rates

An Ohio official is forecasting slight increases in auto insurance rates through the end of this year and larger increases in homeowners premiums.

State Insurance Director Mary Jo Hudson revealed the prediction on August 4 while announcing that average rates charged by the state’s top 10 car insurers fell 2.6 percent in 2007. Rates for homeowners insurance went up an average 1.5 percent.

The National Association of Insurance Commissioners says Ohio’s car insurance rates were the 13th lowest in the country last year and the state ranked 6 among those with the least expensive homeowners policies