Ohioans pay among the lowest average premiums in the nation for auto and homeowners insurance according to a national study, according to Lieutenant Gov. Mary Taylor. Taylor also serves as the state’s insurance director.
The National Association of Insurance Commissioners found Ohioans paid an average of $797 (9th lowest) for homeowners insurance and $683 (12th lowest) for auto insurance in 2014 (the most recent data available) compared to the respective national averages of $1,132 and $866. Ohio’s combined average savings are $518 below the national averages.
Ohio as compared to its neighboring states’ average insurance premiums:
| Homeowners | Auto | ||
| Ohio | $797 | Indiana | $642 |
| Michigan | $865 | Ohio | $683 |
| West Virginia | $877 | Kentucky | $783 |
| Pennsylvania | $893 | Pennsylvania | $858 |
| Indiana | $944 | West Virginia | $871 |
| Kentucky | $1, 023 | Michigan | $1,227 |
Ohio’s ranking remains unchanged from the previous year.
Source: Ohio Department of Insurance
Topics Auto Homeowners Ohio
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights 
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods 
