The average cost of full coverage car insurance in Ohio is $1,034. This amount is relatively low, as it lands at approximately 27% below the national average of $1,674. Like in many states, the rates are often higher in cities compared to rural areas.
Of course, the amount you will pay for your car insurance can vary based on many different factors. These factors include your age, driving history, and even your zip code. Your driving history is especially important. If you have numerous accidents or tickets, you can expect to pay more for your auto insurance.
What is the Average Premium in Ohio for Full Coverage Car Insurance?
It depends on a variety of factors, but the average annual amount is $1,034.
Some drivers choose full coverage car insurance, and they do so for a good reason. This insurance coverage not only provides you with protection from third-party liability claims but also covers your own damages as well. That means that you recover compensation for your injuries no matter who caused the crash.
Full coverage car insurance can take many forms. A policy with an annual payment of $1,034 could include $100,000 in bodily injury coverage per person, $300,000 in bodily injury coverage per accident, and $100,000 in property damage coverage per accident.
How Much Is It for Just the Minimum Required Car Insurance in Ohio?
The state-required minimum or liability car insurance is $328 annually. Not every driver will choose additional coverage beyond the mandatory minimum requirements. Remember: state law only requires that you purchase a minimum level of liability coverage in order to drive. You have the option of either increasing that amount or selecting other types of coverage too.
If you are carrying the minimum level of coverage required by Ohio law, your policy will cost an average of $328 annually. While that sounds like a bargain, remember that you will be paying the cost of your repair bill and medical expenses on your own if you are injured in an accident. In the long run, selecting the minimum level of coverage could put you in a tough position financially.
If you are involved in an accident, and you only have the minimum level of liability coverage, you could also be on the hook for the other driver’s damages. It is not uncommon for accidents to result in damages that far exceed the minimum level of liability coverage. You are personally responsible for any damages you cause that exceed your policy limit.
How Do Rates Compare Across Major Cities in Ohio?
While there are a number of large cities in Ohio, the population of the state is distributed fairly evenly between cities and smaller towns. The cost of car insurance also varies from one town to the next. This is because accidents are often more likely to occur in certain areas. The average cost of full coverage across major cities includes:
When calculating the average lowest insurance rates, our methodology is based on comparing rates for a 30-year-old male driver. The different factors in your life could increase or decrease the cost of insurance compared to that average.