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Press release
Ohio automobile insurance rates have declined for the second straight year, according to a report released by the (NAIC). Ohio presently has the 13th lowest automobile insurance rates in the nation. In 2004, Ohio was ranked 14th in the United States.
Ohio residents are paying on average $668.93 in premiums for automobile insurance, far below the national average of $829.17. In 2005, Ohioans paid an average of $680.14 in automobile insurance premiums.
Analysts pretty well expect that rates for automobile insurance, overall, will not change significantly in two thousand and seven. Changes in automobile insurance rates can be attributed to repair costs, medical costs, weather-related claims, and the number of automobiles on Ohio roads.
Ohio residents with questions about automobile insurance can call the Department’s consumer hotline at 1-800-686-1526.
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