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Ohios Average Auto Insurance Premium Remains Ninth Lowest
Annual premium nearly $200 lower than national average
COLUMBUS — Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s average auto insurance premium remained ninth lowest in the country, according to 2011 data from the National Association of Insurance Commissioners (NAIC), the most recent available. Ohioans paid $620 on average for the year in which the national average premium was $797.
“Having auto and homeowners insurance rates that are among the lowest in the country is a big savings for Ohio consumers,” Taylor said. “On average, Ohioans are paying a combined $500 less for their auto and homeowners insurance compared to the national average.”
Recently, the Department announced that in 2011 Ohioans paid $652 on average for their homeowner’s insurance premium, ranking sixth lowest compared to other states for the second consecutive year. The national average premium was $968.
Ohioans with insurance questions or concerns can call the Department’s consumer hotline at 1-800-686-1526 and visit www.insurance.ohio.gov for free information. You can follow the Ohio Department of Insurance on twitter @OHInsurance and on Facebook atwww.facebook.com/OhioDepartmentofInsurance.