Ohio Home and Auto Rates Well Below National Average
Ohio Insurance Director Jillian Froment announced the average rate changes in 2018 for the top 10 homeowners and private passenger auto insurance groups in Ohio. The average homeowners insurance rate change was zero percent, while the average auto insurance rate increased 0.5 percent.
“Ohioans continue to benefit from some of the lowest insurance premiums for homeowners and auto insurance compared to the rest of the country,” Froment said. “Ohio has a robust and competitive insurance market providing consumers many different product options to consider when selecting coverage.”
Annually Ohioans pay an average of $850 (9th lowest) for homeowners insurance and $727 (14th lowest) for auto insurance compared to the national average, according to the most recent data from the National Association of Insurance Commissioners. Ohio’s combined average premiums are $551 below the national averages.