Ohio Auto Insurance Rates Decline

Online auto insurance quotes or call (800) 527-7225

Learning Center	Contact Us
Car Insurance Articles	About Us

Ohio Auto Insurance Rates Decline

The Ohio Department of Insurance released a report saying that Ohio auto insurance rates have declined for the second year in a row. Since 2004, Ohio has jumped from the 14th to the 13th place for lowest auto insurance rates in the nation. This is said to be a result of competition between auto insurance companies.

The national average of annual premium per year is roughly $829. Ohio's premiums have dropped from $752 in 2003 to $680 in 2005, to $668 in 2006. As competition continues, rates are likely to continue to drop in the coming years.
Ohio residents are benefiting from competition. Mary Jo Hudson, Director of Ohio Department of Insurance, stated that the state has an extremely strong and competitive marketplace.

Since having auto insurance is mandatory in Ohio, as premiums decrease, more people will be able to afford coverage driving down the percentage of uninsured drivers.

See for yourself how much the rates have decreased in the past year. Complete the following form to get an instant auto insurance quote in Ohio.

Nicknamed the Buckeye State, Ohio is home to many consumers wanting rates to decrease even further in the coming years. One great way to ensure that you keep your rates low is to avoid getting tickets on your driving record by obeying all traffic laws.

Be sure to keep your vehicles insured at all times, not only because it is the law, but because you do not want to be involved in an accident without auto insurance. Furthermore, if your vehicle is stolen, having the right auto insurance coverage can reimburse your losses. A report completed a few years ago named the Toyota Camry among the most stolen vehicles in Ohio, so be sure to insure at all times.

Ohio Auto Insurance Rates Decline

Compare Online Auto Insurance Quotes