How Much Is Car Insurance in Ohio? (2023)

Factors like age, location, coverage level, driving history and credit score can significantly affect car insurance rates. In Ohio, average car insurance costs for full coverage range from $485 per year (Nationwide) to $2,006 per year (State Farm). Meanwhile, drivers in their 20s pay an average of $977 per year, while 40-year-old drivers pay around $742 per year.

The average cost of car insurance in Ohio is $742 per year. However, factors like your coverage level and driving record can affect this rate. For example, here’s how much you’ll pay for a full coverage policy based on your driving record:

• Clean record: $742 per year
• Speeding ticket: $969 per year
• At-fault accident: $1,160 per year
• DUI: $1,293 per year

Ohio is cheaper than most states for car insurance. The average cost of a full coverage policy in the state is $312 lower than the national average of $1,054 per year. The reason for this may be Ohio’s lower traffic density, urban population density and vehicle theft rates. That said, personal factors like your age or driving record may cause your car insurance rates to be more expensive than the state average.

Since car insurance costs vary widely by company, your actual rate may differ from the average cost of insurance in Ohio. For example, Erie is the cheapest car insurance company in Ohio, offering minimum coverage policies at $176 per year ($534 per year for full coverage). Meanwhile, State Farm has the highest rates at $1,228 per year ($2,006 per year for full coverage).

Getting an affordable liability-only policy is a common way to save on insurance. If you opt to add comprehensive and collision coverage to your policy, you can still find cheap full coverage car insurance by comparing quotes from different providers.

Your car insurance rate will go up as you increase your coverage level. The average cost of car insurance in Ohio ranges from $364 per year for state-minimum coverage to $923 per year for full coverage with increased liability limits. Adding comprehensive and collision insurance to your policy can increase your premium by hundreds of dollars. To save money on a full coverage policy, you can choose a higher deductible.

The cheapest car insurance you can buy is a minimum coverage policy that only adheres to the minimum liability requirements in Ohio. This type of policy features the lowest possible liability limits and does not have comprehensive or collision insurance.

Insurers will often offer policies with increased liability limits, shortened to 50/100/50 or 100/300/100. A policy with liability limits of 50/100/50 includes the following coverage:

• $50,000 per person in bodily injury liability insurance
• $100,000 per accident in bodily injury liability insurance
• $50,000 per accident in property damage liability insurance

Most companies cap their liability limits at 300/500/300. Liability insurance only covers damages or injuries to others. To get coverage for damages to you or your vehicle, you need to get a full coverage policy, which includes comprehensive and collision insurance.

Age is a significant factor in determining the cost of car insurance, particularly for young and new drivers. Here’s the average cost of a full coverage policy for Ohio drivers by age group:

• 22-29: $977 per year
• 30-59: $742 per year
• 60+: $745 per year

Car insurance rates are often higher for drivers in their 20s. While they usually remain stable from age 30 to 60, rates may increase slightly once drivers hit their 60s. The cost of car insurance for new drivers is also typically higher, even if they are over 30.

The average cost of car insurance in Ohio for teen drivers is much more expensive than for other age groups — $3,372 per year for a 16-year-old male teen on a family policy and $6,136 per year for an individual policy.

However, costs tend to go down as drivers age and become more experienced on the road. For instance, a 19-year-old male driver on a family policy spends about $2,526 per year for full coverage, while a 22-year-old pays roughly $1,968 per year. To find the most affordable car insurance in Ohio for teens, compare quotes from different insurers.

Keep in mind that Ohio car insurance providers consider a driver’s sex when calculating rates. A 16-year-old female teen on a family policy, for example, will pay $515 less for full coverage than a male teen.

In Ohio, insuring a new car costs an average of $1,013 per year, which is 31% more than the cost to insure an older vehicle ($775). The main reason for this cost difference is that new cars have a higher actual cash value, cost of repairs and risk of theft.

The amount that insurance companies pay out for claims to repair or replace your vehicle is based on its actual cash value (ACV). Having an older car with a lower ACV often results in lower insurance rates.

For drivers of new cars with a higher ACV, getting a full coverage policy is recommended as this type of policy will pay for damages to your vehicle in case of an accident or other covered incident.

Drivers with violations on their records usually pay more for car insurance than those with clean records. Here are the average rates for a full coverage policy for Ohio drivers with the following driving records:

• Clean record: $742 per year
• Speeding ticket: $969 per year
• At-fault accident: $1,160 per year
• DUI: $1,293 per year

Costs typically increase depending on the severity of the driving offense. For instance, car insurance is much more expensive after a DUI than a speeding ticket. To save on premiums, compare quotes from multiple providers and find the cheapest car insurance for drivers with poor records.

The amount you pay for car insurance is also affected by your credit score. In Ohio, drivers with poor credit spend roughly $1,622 per year for full coverage, while those with excellent credit pay about $680 per year. See how average car insurance costs in the state change depending on credit score below:

• Excellent: $680 per year
• Good: $856 per year
• Fair: $1,062 per year
• Below fair: $1,287 per year
• Poor: $1,622 per year

Car insurance rates decrease as you improve your credit score. If you have a low credit score, shop around and find the cheapest car insurance company for drivers with poor credit to save on premiums.

Where you live in Ohio also plays a significant role in your car insurance rates. For example, drivers in Columbus pay the least for a full coverage policy at $917 per year, whereas those in Toledo pay the most at $1,044 per year. Car insurance rates tend to be higher in areas with more traffic or a higher population density, but this isn't always the case.

Auto insurance rates vary depending on both personal details and statewide differences. By understanding our answers to some commonly asked questions, you can learn more about the average car insurance costs in Ohio.