• Fri. Dec 1st, 2023

Car Auto Insurance

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Why is car insurance more expensive in Ohio?

Ohio auto insurance rates have increased after rates fell for two years.

A Beacon Journal colleague recently lamented that his six-month car insurance premium was going up by 17%, even though he had no claims, tickets or other changes to his family’s driving patterns.

His insurance agent said car insurance rates were going up statewide.

So I contacted both Dean Fadel, president of the Ohio Insurance Institute, the trade group for the state’s property and casualty insurance carriers and Robert Denhard, spokesman for the Ohio Department of Insurance to find out what was going on.

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Have there been auto rate increases in Ohio? 

Yes, according to the Ohio Department of Insurance. After two years of auto insurance average rate decreases in 2019 and 2020, there was a 2.7% average rate increase in 2021, said Denhard. This is per data from the state’s 10-largest insurance groups, which comprise 80% of the market, he said.


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