Ohioans pay among the lowest average premiums in the nation for auto and homeowners insurance according to a national study, according to Lieutenant Gov. Mary Taylor. Taylor also serves as the state’s insurance director.
The National Association of Insurance Commissioners found Ohioans paid an average of $797 (9th lowest) for homeowners insurance and $683 (12th lowest) for auto insurance in 2014 (the most recent data available) compared to the respective national averages of $1,132 and $866. Ohio’s combined average savings are $518 below the national averages.
Ohio as compared to its neighboring states’ average insurance premiums:
| Homeowners | Auto | ||
| Ohio | $797 | Indiana | $642 |
| Michigan | $865 | Ohio | $683 |
| West Virginia | $877 | Kentucky | $783 |
| Pennsylvania | $893 | Pennsylvania | $858 |
| Indiana | $944 | West Virginia | $871 |
| Kentucky | $1, 023 | Michigan | $1,227 |
Ohio’s ranking remains unchanged from the previous year.
Source: Ohio Department of Insurance
Topics Auto Homeowners Ohio
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