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What is the Average Cost of Car Insurance in Ohio?

Driving in Ohio? You’re in luck – Ohio drivers pay significantly less for car insurance compared to the national average. According to ValuePenguin.com, the statewide average premium for 2018 is $926.

The Cost Breakdown

Insurance premiums can vary depending on a lot of factors, including: were you live, the liability limits you choose, the kind of car you drive. Drivers in cities like Cleveland, Cincinnati, Toledo, and and Youngstown will experience higher premiums compared to drivers in cities like Brunswick, Findlay, and Bowling Green.

Cheapest cities:

  • Findlay
  • Van Wert
  • Bowling Green
  • Brunswick
  • Mansfield
  • Marion
  • New London
  • Wellington
  • Mentor
  • Cuyahoga Falls

Most expensive cities: 

  • Cleveland
  • Youngstown
  • Lakewood
  • Cleveland Heights
  • Euclid
  • Westlake
  • North Royalton
  • Toledo
  • Cincinnati
  • Columbus

Car Insurance Minimum Coverage Requirement

In Ohio, you are legally required to have minimum coverage across all vehicles. Ohio’s minimum coverage requirement is also known as the “25/50/25 rule.” This includes the following driver policies: 

  • $25,000 of coverage for bodily injury liability per person
  • $50,000 of coverage for bodily injury liability per incident
  • $25,000 of coverage for property damage liability per incident

For more details, check out Ohio’s car insurance requirements.

Here is the company annual average rate for the state minimum, according to ValuePenguin.com:

  • Grange Insurance: $726
  • GEICO: $733
  • Allstate: $1,238
  • Nationwide: $915
  • State Farm: $984
  • Farmers: $1,010

With such a vast amount of options for car insurance companies, it’s important to compare coverages and rates before deciding which one you want to go with. Here’s our ranking of the top insurance companies in Ohio.

When you call or visit the website for a quote, make sure you have handy: your vehicle’s make, model, and year (e.g. Honda Civic 2015). The insurance company will also look up your driving record and credit history. You will also need to determine what deductible level you want. This is how much you pay out of pocket before your insurance kicks in. The higher the deductible, the lower your monthly rate. Your deductible may be $500 for example. Then, if you cause an accident, you will have to pay $500 out of pocket before your insurance covers the other costs.

If you’re trying to save money on your car insurance, here are some money hacks that can save you $600 on car insurance – especially if you’re a teen driver or have a new teen driver in the house.

Images sourced in order of appearance: Averie Woodard

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