The Buckeye State has an especially affordable auto insurance market, largely due to the state’s low population density per square mile. On average, the monthly cost of insurance in Ohio is $114 per month, significantly lower than the national average of $160. Here you’ll find essential information and practical tips for finding the cheapest auto insurance in Ohio.
Other Insurance: Navigating the Complex World of Home Insurance
Fast Facts
Ohio drivers pay $74 a month for liability coverage and $155 for comprehensive insurance, on average.
The average annual auto insurance rate in Ohio is $1,372.
Insurers in Ohio may consider credit-based insurance scores in determining premiums.
Cheapest Auto Insurance Companies in Ohio
If you reside in Ohio, you can’t drive without auto insurance. Cost is a crucial factor when choosing insurance, so it is advisable to compare quotes from several companies. The best insurance company for you will depend on your situation and needs, so you should also consider your driving record, type of vehicle, and more.
Top Insurance Companies in Ohio
Insurance Company | IQ Score        | Full Coverage | Liability Only | Best For |
---|---|---|---|---|
State Farm | 9.3 | $70 | $39 | Cheap Rates |
Mile Auto | 7.5 | $54 | $36 | Pay-per-Mile Coverage |
Erie | 9.0 | $82 | $45 | Regional Coverage |
Best Insurer for Cheap Rates: State Farm
State Farm is one of the largest insurers in the U.S., with over 100 years of experience. They offer some of the most affordable rates in Ohio and you can save even more by combining auto and home insurance.
Advantages:
Carpooling coverage available
A++ rating in financial strength by AM Best.
Cons:
Does not offer gap insurance
Fewer discounts than some competitors
Best Insurer for Pay-Per-Mile Coverage: Mile Auto
If you don’t drive a lot, Mile Auto may be an affordable option. They calculate pay-per-mile insurance using a base rate plus a per-mile rate, ideal for those who drive less than 10,000 miles per year.
Advantages:
Vehicle storage insurance available.
Low rates for drivers with low mileage.
Cons:
No discounts offered
No packages available
Best Insurer for Regional Coverage: Erie
Founded in 1925, Erie offers auto, home, life and business insurance. In addition, they offer roadside assistance, rental car and personal property, glass repair and pet injury coverage.
Advantages:
A+ rating in financial strength by AM Best.
Rate Lock feature can help avoid auto insurance increases
Cons:
Can’t buy policies or file claims online.
No usage-based auto insurance
How to Get the Cheapest Auto Insurance in Ohio
The cost of auto insurance depends on several factors, such as your age, gender, zip code, driving record, the type and amount of insurance you want, and the car you drive. While you can’t control many of these factors, there are certain steps you can take to get cheaper coverage.
Tips for Saving on Auto Insurance
Compare Quotes: Comparing quotes from several companies is essential to find the best price and the most appropriate coverage.
Combine Coverage: Many insurers offer discounts by bundling different insurance products, such as auto and home.
Maintain a Clean Driving Record: A good driving record reduces premiums. Avoid serious violations by practicing safe driving habits.
Liability Insurance Quotes
Insurance Company Average Monthly Rate Quote
Insurance Company | Average Monthly Quote |
---|---|
Mile Auto | $36 |
Hugo | $39 |
State Farm | $39 |
Auto-Owners | $45 |
Erie | $45 |
GEICO | $49 |
USAA | $50 |
Safeco | $52 |
American Family | $56 |
Midvale Home & Auto | $57 |
Nationwide | $58 |
Clearcover | $58 |
Elephant | $59 |
Progressive | $64 |
The General | $72 |
Commonwealth Casualty | $74 |
Liberty Mutual | $76 |
Dairyland | $78 |
Direct Auto | $82 |
National General | $85 |
Allstate | $86 |
CSAA | $89 |
GAINSCO | $91 |
Travelers | $92 |
Farmers | $95 |
Root | $111 |
Bristol West | $114 |
State Auto | $131 |
Foremost | $140 |
Disclaimer: Actual quotes may vary depending on the driver’s unique profile.
Ohio Auto Insurance Requirements
In Ohio, drivers must have insurance or proof of financial responsibility. This includes the following minimum coverage requirements:
Bodily Injury Liability: $25,000 per person / $50,000 per accident.
Property Damage Liability: $25,000 per accident.
Additional Coverages
Medical Expense Coverage: Covers medical bills for you and your passengers.
Collision Coverage: Covers the repair or replacement of the vehicle in case of collision.
Comprehensive Insurance: Provides coverage against theft and non-collision damage.
Uninsured/Underinsured Motorist Coverage: Protects if a driver without sufficient coverage causes an accident.