Ohio among lowest insurance premiums for auto, home in country

Published 12:00 am Saturday, August 1, 2020

COLUMBUS — Ohio insurance consumers pay among the lowest average auto and homeowners insurance premiums in the country according to a recent analysis, Ohio Department of Insurance Director Jillian Froment announced.

Ohioans paid an average of $862 (9th lowest) for homeowners insurance and $778 (13th lowest) for auto insurance in 2017, according to the most recent data from the National Association of Insurance Commissioners. That compares to the national averages of $1,211 and $1,005, respectively, producing a combined average savings for Ohioans $576 below the combined national averages.

“We are fortunate in Ohio to have a robust and competitive insurance marketplace that provides consumers many different insurance options,” Froment said. “I encourage consumers to always comparison shop and make sure they secure adequate amounts of coverage.”

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Consumers with insurance questions or concerns can contact the Ohio Department of Insurance at 1-800-686-1526 or consumer.complaint@insurance.ohio.gov. Educational insurance information is available at www.insurance.ohio.gov.