Ohio home to some of the lowest insurance rates in the country

homeowners insurance

Department of Insurance releases report on insurance rates The Ohio Department of Insurance has released a new report that shows that the state boasted of some of the lowest homeowners and auto insurance rates in the country. The agency compiles data concerning homeowners and auto insurance rates every year and provides information concerning how the state ranks with others on the matter of premiums. According to the report released by the agency, Ohio is home to the 10th lowest auto insurance and 6th lowest homeowner’s insurance rates based on 2011…

Read More

Auto insurance vehicle theft statistics released in Ohio

car insurance

For yet another year, a Dodge van has topped the list of popular stolen vehicles. For four years in a row, Ohio’s most popularly stolen vehicle, according to auto insurance industry statistics in the state, is the 2000 Dodge Caravan. Criminals tend to target that vehicle because of its lack of challenging anti-theft features. Moreover, beyond the fact that it isn’t hard to break into or steal, its parts can bring in a hefty sum in aftermarket sales, say experts in auto insurance. Of course, this minivan isn’t the only…

Read More

Can drivers use their vehicles without auto coverage?

Many drivers wonder if it’s legal to use their cars without any insurance, and the answer is that it is possible to do so in many states, as long as those drivers also have a very large amount of cash. In Ohio, as long as you carry a form of proof of financial responsibility, you are legally allowed to drive without any car insurance. To do this, you must either make a deposit of at least $30,000 with the state treasurer, or you must purchase a bond worth at least…

Read More