Average Car Insurance Cost in Ohio – What You Need to Know

Car insurance is a mandatory requirement for drivers in Ohio. It not only helps protect you from financial loss in case of an accident but also ensures you meet the minimum state liability requirements. But, how much does car insurance cost in Ohio? The answer to this question depends on various factors, such as your age, driving history, car make and model, and more. In this article, we’ll explore the average car insurance cost in Ohio and the factors that affect it.

What Is the Average Car Insurance Cost in Ohio?

According to a recent report, the average car insurance cost in Ohio is $788 per year for minimum coverage and $1,276 per year for full coverage. However, as mentioned earlier, several factors can impact the actual cost of your car insurance, making it either higher or lower than the state average. Let’s examine these factors in detail.

Your Age and Driving History

Your age and driving record play a significant role in determining your car insurance rate. Generally, younger drivers and those with a poor driving record are charged higher premiums than their older, safer counterparts. For example, a 16-year-old driver in Ohio can expect to pay an average of $4,782 per year for car insurance, while a 25-year-old driver pays an average of $1,110 per year.

Similarly, if you have a history of accidents, tickets, or DUIs, you will be considered a high-risk driver and will end up paying more for car insurance. On the other hand, if you have a clean driving record and a good credit score, you may be eligible for discounts and lower rates from your insurer.

Your Car Make and Model

The make and model of your car can also affect your car insurance premiums. Generally, cars that are expensive to repair or have a higher likelihood of theft are more expensive to insure. For instance, a luxury car like a BMW or a Mercedes will cost more to insure than a mid-range sedan like a Honda or Toyota.

Additionally, newer cars with advanced safety features may be eligible for lower car insurance rates since they are less likely to be involved in accidents or sustain significant damage.

Your Coverage Level and Deductible

The level of coverage you choose and your deductible amount will also impact your car insurance cost. Generally, the more coverage you purchase, the higher your premiums will be. If you opt for liability-only coverage, you’ll pay less than if you purchase full coverage that includes collision and comprehensive coverage.

Similarly, if you choose a higher deductible amount, you’ll pay less on your premiums but more out of pocket if you get into an accident. On the other hand, if you choose a lower deductible, you’ll pay more on your premiums but less out of pocket if you make a claim.

FAQs

What are the minimum car insurance requirements in Ohio?

In Ohio, drivers are required to carry liability insurance with a minimum coverage of $25,000 for bodily injury or death per person, $50,000 for bodily injury or death per accident, and $25,000 for property damage.

What factors can impact my car insurance rate in Ohio?

Several factors can impact your car insurance rate in Ohio, including your age, driving record, car make and model, coverage level, deductible amount, and credit score.

Can I get discounts on car insurance in Ohio?

Yes, many insurers offer discounts on car insurance in Ohio, such as safe driver discounts, multi-car discounts, good student discounts, and more. It’s best to check with your insurer to see what discounts are available to you.

Is it mandatory to have car insurance in Ohio?

Yes, Ohio law requires every driver to carry liability insurance with minimum coverage limits of $25,000 for bodily injury or death per person, $50,000 for bodily injury or death per accident, and $25,000 for property damage.

How can I find the best car insurance rates in Ohio?

To find the best car insurance rates in Ohio, it’s essential to shop around and compare quotes from different insurers. You can also work with an independent insurance agent who can help you find the right coverage at the best price.

Conclusion

Car insurance is a mandatory requirement for drivers in Ohio, and its cost can vary significantly based on various factors. While the state’s average car insurance cost is $788 per year for minimum coverage and $1,276 per year for full coverage, your actual cost may be higher or lower depending on your age, driving record, car make and model, coverage level, and deductible amount.

If you’re looking for affordable car insurance in Ohio, shop around, compare quotes, and take advantage of available discounts. It’s also essential to work with a trusted insurance agent who can help you navigate the complex world of car insurance and find the right coverage at the best price.