FILE

How Ohio auto, home insurance costs compare to U.S.

Ohioans on average pay less for home and auto insurance than the national average.

Ohioans pay an average of $819 (9th lowest) for homeowners insurance and $703 (14th lowest) for auto insurance compared to the national average, according to the most recent data from the National Association of Insurance Commissioners.

Wright-Patt to house aircraft fleeing Florida ahead of Hurricane Michael

Ohio’s combined average premiums are $540 below the national averages, the Ohio Department of Insurance reported.

The average rate changes in 2017 for the top 10 homeowners and auto insurance groups in Ohio increased 1.5 percent and 4.1 percent, respectively, from 2016.

“We are fortunate in Ohio to have among the lowest average insurance premiums for homeowners and auto insurance compared to the rest of the country,” Ohio Department of Insurance Director Jillian Froment said in a statement. “Ohio has a robust and competitive insurance market providing consumers many different product options to consider when selecting coverage.”

WATCH: How medical marijuana will be cultivated in this large Yellow Springs facility

The Ohio Department of Insurance reviews rates to make sure they follow Ohio law and are actuarially sound.

The data comes from the top 10 insurance groups, which represent about 75 percent of the market in Ohio.

Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.

Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.

X