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Ohio officials are taking notice of a trend for the state’s motorists: the average driver is paying more each year for auto insurance than the year before it.
Figures released recently from the Ohio Department of Insurance (ODI) shows that the average rate among the state’s top 10 car insurers—which together account for 74 percent of the market—jumped 4.1 percent between 2011 and 2012.
The 4.1 percent hike continues annual increases going back to 2008, meaning prices for most of the state’s auto insurance market have been rising every year for the past five years. Use our Ohio Auto Insurance Offices to campare and save on several types of insurance in the Buckeye State.
Based on recent figures, the National Association of Insurance Commissioners has finalized figures on how much driver spend on coverage, Ohio showed the ninth-lowest auto insurance expenditure of $619; it was far below the nationwide average of $791. This is true unless you are a high risk driver in Ohio.