Homeowners insurance price rising higher in Ohio

Ohio homeowners Insurance

The state that has previously experienced low auto will also see higher premiums in that sector. According to the latest auto and homeowners insurance data that has been released from the Ohio Department of Insurance, the price of both of those forms of coverage is on the rise, despite the fact that this state is known for its low rates. There was an average increase of 4.1 percent among the leading 10 private passenger auto insurer groups. Moreover, among homeowners insurance groups, the increase in Ohio was an average of…

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Homeowners insurance in Ohio among the cheapest

Ohio homeowners Insurance

The state’s auto coverage is also considered to be among the most affordable in the country. Mary Taylor, the Ohio Lieutenant Governor and the director of the Department of Insurance, has recently announced that the auto and homeowners insurance premiums within the state are yet again some of the lowest in the country. In her statement, she said that the marketplace in the state continues to offer favorable premiums. Taylor explained that “Ohio’s competitive insurance market continues to provide consumers with choice and lower insurance premiums compared to the rest…

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Auto insurance minimum coverage in Ohio to rise

Ohio insurance auto premiums

Drivers must now carry a larger amount of coverage in order to comply with the state’s law. For the first time since 1969, Ohio has increased the minimum required coverage that drivers must carry in order to be able to legally drive. This new law will come into effect as of December 2013, and will considerably increase the current minimum. In fact, it is estimated that the minimum coverage for drivers will be at least double what it currently is. This will mean that drivers will have to carry auto…

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Ohio lawmakers approve changes to minimum auto insurance requirements

auto insurance

Ohio auto insurance expected to become more expensive for some drivers Ohio drivers are expected to see the costs of auto insurance climb, but not because insurance companies are raising rates for coverage. A new law has been approved by the Ohio Legislature that will increase the minimum level of auto insurance drivers are required to carry in the state. Though the law has been approved by both the Ohio House and Senate, it must still be signed by Governor John Kasich. If the law receives the Governor’s approval, Ohio…

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Auto insurance minimum coverage required in Ohio may rise

car insurance auto claims

Drivers in the state may see a number of changes to their vehicle coverage over the next while. Ohio auto insurance customers have just discovered that there may be a number of different coverage changes that they will be seeing over the next year and beyond. This is due to the fact that House Bill 278 was passed by the Ohio House of Representatives. Should the bill be approved, it will mean that the minimum auto insurance amounts that are required for valid proof of financial responsibility in the state,…

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Auto insurance is lacking among a growing number of Ohio drivers

auto insurance

Over the last 10 years, the number of uninsured motorists caught has risen by over 409,000. Since 2002, the number of drivers without auto insurance that have been caught without coverage has increased from 690,716 to 1.1 million. Many are concerned that this is driving rates unnecessarily skyward. It is the motorists who are following the state law and who have been maintaining their auto insurance coverage who are now paying for the ever increasing number of uninsured drivers using Ohio’s roads. Despite the fact that they may not be…

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Ohio insurance shows that its rates in many sectors are highly affordable

Ohio homeowners Insurance

A recent study compares auto and homeowner policies over a span of three years. Though the storms that Ohio has faced over the last few years have made insurance news in their ever increasing effect on rates, despite the rises in premiums, the state is still among the most affordable places to purchase both auto and homeowners coverage. Homeowners premiums have risen in Ohio by an average of 6,2 percent since 2011. This, according to the latest Ohio Department of Insurance news data. Similarly, statistics from that department have also…

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