Lt. Gov.: Ohio Continues to Have Low Auto, Home Insurance Rates

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:

Ohio’s ranking remains unchanged from the previous year.

Source: Ohio Department of Insurance