The average Ohio driver pays an annual cost of $321 for minimum coverage and $1,119 for full coverage car insurance. Compared to the United States average annual premium of $1,738 for full coverage, car insurance in Ohio is more affordable. As of 2017, Ohio ranked as the 39th most expensive state for car insurance.
If you are shopping for cheap insurance in Ohio, know that premiums depend on the provider you choose. Certain carriers offer more affordable rates than others. To help you find the cheapest car insurance in Ohio, keep reading to see our review of the top providers.
The cheapest car insurance companies in Ohio
Ohio drivers have a few options for affordable car insurance. Based on our research, three companies offer consistently low rates and a variety of discounts. Here are the three cheapest car insurance companies in Ohio that we recommend:
USAA is one of the top ranked car insurance companies across the United States for affordability, benefits, and customer satisfaction. According to the 2020 J.D. Power U.S. Auto Insurance Study, USAA consistently ranks above average for delivering excellent customer satisfaction. Drivers who register for USAA’s auto insurance also receive great benefits, discount options, and access to local agents. The only negative aspect of USAA is its accessibility. The car insurance is only accessible to those who are related to, are serving or have served in the military.
Erie is one of the top car insurance providers in Ohio. In addition to affordable rates, Erie also offers robust policy options. This company is a good choice for Ohio drivers who want a low premium without sacrificing quality of coverage. Erie’s car insurance policies include unique coverages, like pet coverage, glass repair, locksmith services, personal item coverage and more.
Some of Erie’s unique discounts include usage-based savings and lower rates for drivers under 21 who live with their parents. Erie also offers a free rate lock guarantee, which means your premium will never increase until you make changes to the policy. There is also a diminishing deductible program that will lower your deductible by $100 for every claim-free policy year, up to $500.
State Farm is one of the largest auto insurance companies in the nation. Known for its affordable pricing options, extensive list of discounts and customer satisfaction, it is also one of the top car insurance companies in Ohio. Drivers in Ohio pay on average $257 for State Farm’s minimum coverage and $883 for its full coverage premium annually. However, with the discounts offered such as Good Student, DriveSafe, Military, Steer Clear discounts and more, drivers can save more on premiums.
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Quadrant Information Services, 2020
Affordable coverage for Ohio drivers
In Ohio, every driver is required to carry a minimum amount of car insurance coverage. The requirements are 25/50/25, which translates to $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident and $25,000 in property damage liability per accident. You must carry at least this much coverage in order to legally drive.
Purchasing the minimum amount of coverage in Ohio means you will pay the lowest rate. However, this is not recommended as a strategy to get cheap insurance. The minimum amount of coverage is not guaranteed to cover the full cost of an accident. If you cause a crash and the total cost of damages is more than your policy limit, you have to pay the remaining amount out-of-pocket.
How to get cheap car insurance in Ohio
There are several ways that drivers can get cheap car insurance in Ohio. Here are some ideas:
- Take advantage of discounts: Most car insurance companies, including the three we reviewed, offer discounts that will lower your premium. When you are shopping for insurance, take note of providers that offer the most discounts you qualify for.
- Get multiple quotes: Before choosing an insurance provider, get quotes from several different companies. That way, you can easily compare rates and see which company has the lowest rates.
- Raise your deductible: Increasing your deductible means paying more money out-of-pocket toward a covered claim. However, a higher deductible means you can get a lower monthly rate. The savings are not significant, but it is something to consider if you can afford a higher deductible.
- Improve your credit score: Insurance companies look at your credit score when calculating your premium. Drivers with a good credit score get rewarded with a lower rate. If you want to save money on car insurance, work on improving your credit.
Frequently asked questions
What is the best car insurance in Ohio?
It is difficult to identify one Ohio car insurance company that is the best for every driver. Car insurance is very personal and each carrier has its own strengths and weaknesses. Some drivers care about great customer service, while others want the cheapest rates. When you are shopping for car insurance, make sure to compare several providers to find the best company for you.
How much does car insurance cost in Ohio?
On average, drivers in Ohio pay just over $777 per year for their auto insurance, which breaks down to roughly $64 per month. However, you could pay more or less than the state-wide average based on factors like your age, credit score, claims history and the provider you choose.
Is car insurance required in Ohio?
Yes, car insurance is legally required in the state of Ohio. Every driver must carry a minimum amount of insurance coverage to operate their vehicle. In Ohio, the minimum coverage requirements are $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident and $25,000 in property damage liability per accident. However, it is recommended to purchase more coverage than what is required for better protection.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.