How Much Is Car Insurance in Ohio? (2023 Averages)
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Car insurance rates can vary greatly depending on the type of driver and the level of coverage. For instance, a minimum coverage policy in Ohio costs just $487 per year, compared to the average of $803 per year for full coverage. On average, a violation on your driving record will raise this figure to $1,007, while including a young driver in your policy will increase it to $1,778.
The company from which you buy car insurance also affects the price you pay. In Ohio, GEICO's full coverage policy costs an average of $572 per year, while Esurance's full coverage policy costs $1,039 per year on average.
The Average Cost of Car Insurance in Ohio
MoneyGeek broke down average car insurance costs in Ohio by the most important factors. For drivers in Ohio, age, coverage level, driving record and credit score all affect the cost of car insurance. Age ranks as the most important factor, followed by credit score.
If you would like to compare average rates for a given driver profile, you can look up the average car insurance costs for different profiles.
Average Costs of Car Insurance in Ohio
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$803$67
- Drivers Buying Minimum Coverage$487$41
- Adding a Young Driver$1,778$148
- Drivers With a Violation$1,007$84
- Drivers With Poor Credit$1,283$107
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Why Are Car Insurance Rates Cheap in Ohio?
Ohio car insurance rates rank among the cheapest in the country. With one of the lowest incidences of car theft in the country, as well as a very low natural disaster occurrence rate, Ohioans tend to pay significantly less for car insurance on average.
States with high traffic density and car theft rates typically feature higher car insurance premiums. Compare car insurance rates by state for a holistic look at costs across the country.
Average Cost of Car Insurance in Ohio: Full Coverage vs. Minimum Coverage
In Ohio, one of the factors that will impact the cost of car insurance is the coverage level that you purchase. A full-coverage policy comes with comprehensive and collision insurance, making it more costly than a minimum liability policy. Minimum coverage only provides liability per state guidelines.
The average cost of a full-coverage car insurance policy in Ohio, as defined in MoneyGeek’s methodology, is $803 per year. Ohio's annual average for minimum coverage is $487.
Average Cost of Car Insurance in Ohio by Coverage Level
You can get the cheapest coverage in Ohio if you buy the state-minimum policy.
You may want to increase your liability coverage to 50/100/50 or 100/300/100 when you purchase auto insurance. These numbers indicate your level of liability coverage. For instance, the following benefits are included with a 50/100/50 policy:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
Meanwhile, full coverage policies cover collision and comprehensive damage and reimburse you for damage to your own vehicle, in addition to your third-party liability coverages.
Average Cost of Car Insurance in Ohio By Company
When buying car insurance in Ohio, individuals should shop around and compare quotes for a sense of insurers' various rates. On average, Geico is the cheapest option for full coverage and minimum coverage in Ohio. USAA is the most affordable option for active and former members of the military in Ohio.
In Ohio, the most expensive full coverage and minimum coverage car insurance policies, on average, are offered by Esurance.
Average Annual Costs of Car Insurance in Ohio - By Company
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- CompanyMinimum CoverageFull Coverage
- $238$507
- $331$572
- $274$618
- $447$658
- $343$679
How Much Is Car Insurance in Ohio by Age?
Younger drivers and first-time drivers are rated as a "high-risk" category and attract higher car insurance premiums. The average cost of car insurance in Ohio for a 40-year-old is $803 per year. However, for a 16-year-old purchasing their own insurance, the average rate climbs significantly to $1,778.
Ohioans new to driving, regardless of their age, will also pay similarly high rates for car insurance. The best way for young teens to save on insurance costs is to join their parents’ policies. Young drivers and first-time drivers can research the most affordable policies to find the cheapest options.
Average Costs of Full Coverage Car Insurance in Ohio - By Age
How Does Driving History Affect Car Insurance Costs in Ohio?
Individuals with clean driving records in Ohio pay less for car insurance than drivers with histories of accidents and tickets. On average, a driver with a clean record will pay $803 per year for car insurance, while a driver with a speeding ticket will pay $204 more yearly.
Depending on the severity of the offense on your record, the car insurance costs can climb even higher. Drivers with bad driving records can still research the best options available for their circumstances.
Average Costs of Full Coverage Car Insurance in Ohio - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$803
- Speeding Ticket$1,007
- At-Fault Accident$1,215
- DUI$1,275
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Credit Scores and the Cost of Car Insurance in Ohio
Ohio car insurance rates also vary based on credit score. A driver with an excellent score pays up to $137 less per year on average, compared to a driver with a good credit score. A good credit score helps to keep car insurance costs down, as individuals with poor credit pay extra every year.
On average, a driver in Ohio with a poor credit score pays $1,283 per year — $551 higher, on average, than with a good credit score. Drivers with lower credits should compare quotes to find the most affordable car insurance options.
Average Costs of Full Coverage Car Insurance in Ohio - By Credit Score
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- Credit ScoreAnnual Premium
- Excellent$595
- Good$732
- Fair$873
- Below Fair$1,059
- Poor$1,283
How Much Is Car Insurance in Your City?
Location-specific factors, such as population density, car theft incidences and frequency of natural disasters, affect insurance rates on a state and city-wide level.
At $724 per year on average. 9.8% cheaper than the average for Ohio, Akron is the cheapest city for car insurance in the state. Toledo, with an annual average cost of $837, is the most expensive city for car insurance in Ohio.
Average Costs of Full Coverage Car Insurance in Ohio - By City
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Frequently Asked Questions About Ohio Car Insurance Rates
You can find out more about the average car insurance cost in Ohio with MoneyGeek's answers to frequently asked questions.
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