Press release
Ohio auto insurance rates have declined for the second straight year, according to a report released by the (NAIC). Ohio currently has the 13th lowest auto insurance rates in the nation. In 2004, Ohio was ranked 14th in the United States.
Ohio residents are paying on average $668.93 in premiums for auto insurance, far below the national average of $829.17. In 2005, Ohioans paid an average of $680.14 in auto insurance premiums.
Analysts expect that rates for automobile insurance, overall, will not change significantly in 2007. Changes in automobile insurance rates can be attributed to repair costs, medical costs, weather-related claims, and the number of cars on Ohio roads.
Ohio residents with questions about auto insurance can call the Department's consumer hotline at 1-800-686-1526.
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