Ohio’s average insurance premiums are among the lowest nationally.
The state’s homeowner’s and auto insurance premiums when combined were nearly $500 below national averages in 2012, said Mary Taylor, lieutenant governor and Department of Insurance director. That year is the latest for which statistics are available.
Ohioans paid an average of $725, the ninth-lowest nationally, for homeowner’s insurance and $635, the 11th lowest nationally, for auto insurance premiums compared with national averages of $1,023 and $815, respectively, according to the National Association of Insurance Commissioners.
“Ohio continues to have a competitive insurance market allowing consumers to find the insurance coverage that best meets their needs at some of the lowest prices in the country,” Taylor said.
She urged Ohio consumers to use the services of an insurance agent and shop around for coverage that best insures their risks and also fits their budget.
Taylor said a list of companies and agents licensed to sell insurance in Ohio and insurance information, including insights and tips about how to best choose appropriate and adequate insurance protection, are available on the Ohio Department of Insurance website at www.insurance.ohio.gov.
Ohioans with insurance questions or concerns can call ODI’s consumer hotline at 1-800-686-1526.