Ohioans pay less for home and auto insurance on average

Ohio Department of Insurance Director Jillian Froment said the combined average savings for Ohioans is $540 below national averages for home and auto insurance. (MGN ONLINE)

Here is some good news for Ohioans. A new study revealed that they pay among the lowest premiums in the country for auto and homeowners insurance per Ohio Department of Insurance.

Director Jillian Froment announced that the National Association of Insurance Commissioners determined Ohioans paid an average of $819 (9th lowest) for homeowners insurance and $703 (14th lowest) for auto insurance in 2015. That is significantly lower than the national averages of $1,173 and $889 respectively.

Froment said the combined average savings for Ohioans is $540 below national averages.

“The Ohio insurance market is strong and competitive,” Froment said. “In turn consumers are provided the opportunity to choose from many offerings to find the right policy at the right price.”

If you feel that your insurance is costly, Froment recommended consumers compare products from different companies. She also urged people to regularly evaluate their insurance needs and amounts of coverage.

Ohioans with questions about insurance can contact the Ohio Department of Insurance at 1-800-686-1526. Insurance information is available at www.insurance.ohio.gov.

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