Most Active Stories
- Authorities Identify Victims Of Fatal Truck-School Bus Crash Downtown
- U.S. House Approves Extension Of Great Lakes Restoration Initiative
- Former CCS Data Chief Sentenced To Jail, Probation
- Nearly Two Dozen People Apply For City Council Seat
- Your Donation Can Help WCBE and Central Ohioans in Need of Food This Season!
Tue July 15, 2014
Ohioans Paid More For Home, Auto Insurance Last Year
The National Association of Insurance Commissioners says the average rates of Ohio homeowners' and auto policies increased last year.
The top 10 insurance companies doing business in Ohio boosted homeowners' rates by 7.4 percent, while the biggest auto insurers raised rates by 2.6 percent. Those insurers represent 70 percent of Ohio's market. The group says Ohio's average homeowners' premium was 652 dollars, 316 dollars below the national average. Ohioans paid 620 dollars for auto insurance, 177 dollars below the national average. The companies say poor weather and material costs affected homeowners' rates. Changes in auto insurance rates were associated with weather-related claims and repair costs.