How Much Is Car Insurance in Ohio? (July 2024)

Ohio drivers can expect to pay about $803 a year for full coverage car insurance. If you choose minimum coverage, the annual cost averages $356.

Companies consider several factors when determining your car insurance rate, such as your age, the coverage you choose, where you live, your driving record and your credit history. Affordable plans are available, but your premium depends on these personal details.

The average cost of full coverage car insurance in Ohio is $803 per year. Knowing the average cost of car insurance helps you assess if you're getting a fair deal. Compare car insurance quotes to ensure you're not overpaying.

Below is a breakdown of Ohio's car insurance monthly and annual expenses, from minimum coverage to comprehensive full coverage policies.

Car insurance costs in Ohio are considered moderate. Ohio's average rates are lower compared to the national average cost of car insurance. For example, the average annual premium for state minimum coverage in Ohio is $356 or $30 per month. The national average for the same coverage costs $595 per year or $50 per month. For full coverage, the average annual cost in Ohio is $803 or $67 per month, while the national average for the same coverage is $1,296 per year or $108 per month.

The affordability of car insurance in Ohio can be attributed to factors such as lower population density in many areas, fewer costly accidents and a competitive insurance market — all of which contribute to fewer claims and more affordable insurance rates.

Car insurance premiums can significantly differ from one provider to another, even within the same state. For drivers seeking the cheapest car insurance in Ohio, Nationwide offers the most affordable full coverage at an annual premium of $485. Westfield has the most expensive average annual premium at $1,111.

Discovering the cheapest car insurance in Ohio involves comparing quotes from multiple providers, ensuring you find the best value for state minimum or full coverage policies that suit your needs. Always explore various options to secure the best deal on your car insurance.

The cost of car insurance in Ohio is also influenced by the level of coverage selected, encompassing factors beyond the base price. For example, the average monthly cost for minimum coverage is $30, whereas full coverage with a $1,000 deductible reaches approximately $67. It's recommended to choose full coverage insurance due to its broader protection despite its higher price, offering significant financial relief in the event of a comprehensive or collision claim

While comprehensive and collision coverages increase your premium, opting for higher deductibles can mitigate these costs. Essentially, the deductible represents the amount paid out of pocket for each comprehensive or collision claim, thus making it a pivotal factor in your insurance expense management.

In Ohio, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $25,000 for property damage per accident. Uninsured/underinsured motorist coverage is not required.

Car insurance premiums in Ohio can significantly vary by city. Columbus has the cheapest full coverage rate at $917 per year, compared to Toledo's pricier annual rate of $1,044.

In Ohio, car insurance premiums are influenced by factors such as the driver's record, the type of vehicle insured and the frequency of claims in the area. Traffic volume and weather conditions also play critical roles in determining insurance costs.

Age affects car insurance costs in Ohio. Drivers typically pay varying premiums based on their age group, with younger drivers under 30 facing the highest car insurance costs due to less driving experience. As drivers mature and gain experience, insurance rates tend to decrease, with those between 30 and 59 seeing cost savings. Seniors aged 60 and above enjoy the lowest rates, reflecting a decline in insurance premiums as drivers are perceived as lower-risk clients.

Age and gender are significant factors in determining car insurance rates in Ohio. A 16-year-old male driver will see an average annual cost of $3,372 when added to a family car insurance policy, the highest premium among teenage drivers.

It is generally illegal for teenagers under 18 to purchase their own car insurance policy without a parent or guardian co-signer. An individual policy for a 16-year-old male driver costs $6,136 per year.

The average annual cost of full coverage car insurance for a 2012 model is $775. In contrast, insuring a 2022 model costs more at $1,013 per year. Higher premiums for newer vehicle models can be attributed to their greater actual cash value, more costly repair expenses and an increased risk of theft.

Drivers with newer models should consider adding comprehensive and collision coverage to safeguard their investment. These coverages provide greater financial protection against various incidents, including accidents, natural disasters and vandalism.

Ohio drivers pay different amounts for car insurance depending on the violation on their driving records. Here's what you can expect, on average:

• With a ticket: $1,017 per year; $85 per month
• With an at-fault accident: $1,246 per year; $104 per month
• With a DUI: $1,461 per year; $122 per month

Your car insurance premiums may be higher if you have a more severe driving violation on your record. Any violations will likely impact your insurance costs as long as they remain on your record. A DUI in Ohio can affect your insurance rates for up to 10 years, while less severe infractions like speeding tickets might stay on your record for much shorter periods.

Ohio residents can sort the table provided by coverage type and age group to determine the average cost of car insurance for each type of driving violation.

Your credit score can significantly influence car insurance rates in Ohio, ranging from $680 for excellent credit to $1,622 for poor credit. Good credit is between 670 and 739 and can contribute to more affordable premiums, while lower scores may lead to higher costs.

Understanding the factors affecting car insurance rates in Ohio will guide you toward more affordable coverage tailored to your needs. These are the most common factors:

• Location: Urban zip codes often face higher insurance costs due to increased risks of theft and accidents. In Ohio, city dwellers might see higher premiums than rural drivers.
• Age and Driving Experience: Younger Ohio drivers, especially teens, typically incur higher insurance rates due to their lack of experience, which insurers view as a risk factor.
• Driving Record: A clean driving record can lead to lower insurance costs. Ohio drivers with violations or accidents on their record are likely to face increased rates.
• Credit Score: Insurers in Ohio use credit scores to gauge risk. A higher credit score can translate into more affordable insurance premiums.
• Vehicle Make and Model: High-performance or luxury vehicles can have higher premiums. Ohio drivers with modest, safer cars often enjoy better rates.
• Annual Mileage: Less time on the road means lower risk. Ohio motorists with low annual mileage may qualify for reduced insurance costs.
• Coverage Type: Choosing between minimum coverage and full coverage car insurance will affect your rate. Adding coverage with comprehensive insurance and collision insurance equates to a higher premium.
• Insurance History: Continuous insurance coverage is favorable and can lead to better rates in Ohio. Gaps in coverage can make insurance more expensive when you reapply.
• Discounts: Ohio drivers can take advantage of various discounts insurers offer for things like bundling policies, installing anti-theft devices or completing defensive driving courses.
• Marital Status: Married drivers often see lower premiums as they are statistically less likely to file claims. In Ohio, this factor can influence the cost of your car insurance.

To secure affordable car insurance in Ohio, consider shopping around for competitive rates, opting for a higher deductible and fully utilizing all eligible insurance discounts.

We provide insights and information about the average cost of car insurance in Ohio to help drivers in the Buckeye State find coverage that suits their needs and budget.