Ohio Car Insurance Calculator

Ohio is widely known for having some of the lowest average car insurance rates nationwide, yet they can differ depending on a variety of factors. This tip sheet is intended to assist drivers in understanding how these rates are calculated and why their premiums might change from year-to-year. This guide also features resources and information regarding how the Ohio Department of Insurance impacts insurance premiums in Ohio.

Ohio auto insurance rates depend on a range of factors, including age, driving history and credit score. Of particular note is a driver’s age: younger drivers typically pay higher premiums due to being statistically more likely to cause car accidents; thus insurers consider them high-risk drivers. As young inexperienced drivers age and gain experience behind the wheel, their rates usually start reducing over time.

A driver’s vehicle makes an impactful statement about their driving lifestyle and can have an effect on their rates, too. Sports cars and luxury vehicles tend to cost more to insure than sedans and trucks, but this can vary based on individual driving histories and personal choices. Comprehensive and collision coverage are optional additions that offer extra protection but they’re not required by Ohio law; some lenders require them as part of loan agreements.

MoneyGeek’s research of Ohio car insurance providers revealed Erie as being among the most cost-effective options available to drivers of all ages. As a smaller carrier renowned for exceptional customer service and recognized as being among the Best Car Insurance Companies for Outstanding Customer Service. Erie offers coverages such as minimum liability coverage as well as comprehensive and collision coverage.

Overall, Ohio car insurance rates average an annual cost of $1,023 which is $588 less than the national average. Although this price for full coverage insurance policies is excellent in Ohio, residents should still consider all their options when searching for competitive policies in their locality.

Ohio law mandates all drivers maintain at least $25,000 of bodily injury liability per person and $50,000 per accident for bodily injury insurance, in addition to $10,000 of property damage liability coverage. Drivers can increase these limits, though this could increase rates significantly; to secure the best rate it’s important that Ohioans shop around and look out for any discounts they might qualify for.