Prices for Ohio Auto, Home Insurance Below U.S. Average

March 17, 2014

An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average.

The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average homeowners premium and the 10th lowest average auto insurance premium based on 2011 statistics from the National Association of Insurance Commissioners. The institute represents insurance companies and agent groups for Ohio’s property/casualty industry.

The Ohio group projects the average homeowners insurance premium for 2014 will be $750. That compares with a national average of $1,100 based on Insurance Information Institute estimates.

The OII projects the average auto insurance premium for Ohioans in 2014 will be $671, compared with $846 according to the Insurance Information Institute.

Latest Comments

  • March 18, 2014 at 1:03 pm
    Katy Chang says:
    I can see that... I recently read an article that said Ohio is the cheapest state in the country to buy auto insurance (contrast this to Michigan, which ranks as the most expe... read more
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