States with lower average yearly auto insurance premiums than Ohio
1. Idaho $535
2. South Dakota $540
3. North Dakota $550
4. Iowa $553
5. Maine $577
6. North Carolina $600
7. Wisconsin $601
8. Nebraska $603
9. Ohio $620
States with lower average yearly homeowner insurance than Ohio
1. Idaho $512
2. Oregon $552
3. Utah $552
4. Wisconsin $572
5. Washington $604
6. Ohio $652
Source: National Association of Insurance Commissioners
Ohio ranks ninth in the country for the amount of money paid for auto insurance rates, according to a release from Lt. Gov. Mary Taylor, who also directs the Ohio Department of Insurance.
Ohioan’s paid $620 on average for auto insurance according to 2011 data from the National Association of Insurance Commissioners, the most recent data available. That figure is up $1 from a year earlier, according to Taylor’s office. The national average for auto insurance is $797.
“Having auto and homeowners insurance rates that are among the lowest in the country is a big savings for Ohio consumers,” Taylor said in the release. “On average, Ohioans are paying a combined $500 less for their auto and homeowners insurance compared to the national average.”
Ohioans paid $652 on average for their homeowner’s premium, making the state the sixth lowest for premiums for the second year in a row. The national average for homeower insurance is $968, according to the release.
A year earlier, Ohioans paid $624 for the average homeowner premium, while the national average was $906, according to Taylor’s office.
During that same time period, Ohioans paid $619 for auto insurance. The national average was $791.