Insurance in Ohio: A Guide to Auto & Home Coverage
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Looking for financial protection in Ohio? A variety of insurance types are available for Ohio residents to help protect themselves, their families, and their personal property. While some are required by state law, others can be an extra layer of protection.
Read our complete guide to insurance in Ohio below to learn more about some of the most common types of insurance coverage. Then, use the EverQuote comparison tool to find an auto insurance company that provides the coverage and rates you want.
Types of Insurance Coverage Available in Ohio
Ohio residents have access to several types of insurance to protect their financial assets. Some may even be required by law. Learn about some of the different types of Ohio insurance policies below.
Auto Insurance in Ohio
Ohio state law requires that all drivers carry proof of valid car insurance to present at traffic stops, accidents, and inspections. The state requires bodily injury and property damage liability.
Ohio is not a no-fault insurance state, which means that drivers are assigned liability for injuries and damages if they cause an accident.
If you’re looking for cheap car insurance in Ohio, then the minimum auto insurance coverage requirements will be enough to get you on the road legally. However, other policy types are available for higher levels of protection. For example:
- Uninsured/underinsured motorists coverage: Covers your medical expenses and property damage if an at-fault driver doesn’t have enough insurance to cover them
- Medical payments (MedPay): Covers medical expenses for you and your passengers
- Personal injury protection (PIP): Covers injury-related expenses, including medical bills, lost wages, or funeral expenses
- Collision coverage: Covers your vehicle if it needs to be repaired or replaced after an accident, regardless of who is at fault
- Comprehensive coverage: Covers your vehicle if it needs to be repaired or replaced after non-accident incidents (such as hitting an animal, theft, vandalism, or fire)
Lenders may require some of these coverages if you have a car loan.
Home Insurance in Ohio
Homeowners insurance is not required by law in Ohio. However, lenders typically require it for mortgages. A standard homeowners insurance policy will include coverage for your home, personal liability, and damages from wind, hail, and hurricanes. Ohio may be at a higher risk of severe storms throughout the year, so you should check with your insurance company for the details of your policy.
Between January 2024 and April 2024, Ohio reported an outstanding 43 tornadoes, caused by strong wind fields and mild winters. Your home insurance may cover some types of damage caused by tornadoes, but be aware of any exclusions, deductibles, or regional limits.
If you live in a flood zone, you may also consider adding flood insurance to your policy. For example, the Ohio River frequently floods during the late winter and early spring months as snow begins to melt and rain welcomes the warmer weather. Since this isn’t usually included in a standard home insurance policy, you will need to pay extra.
Average Cost of Insurance in Ohio
If you purchase the minimum car insurance in Ohio, the average cost is around $389 per year. Ohio is one of the cheapest states for minimum auto insurance costs. Full coverage, on the other hand, could cost you around $1,434 per year, which is still considerably less than the national average.
Other types of insurance in Ohio will vary greatly based on a variety of factors.
Factors Affecting Insurance Rates in Ohio
Many factors combine to affect insurance rates of all types. Ohio car insurance rates are based on your age and gender, location, driving record, vehicle information, claims history, and more. Similarly, homeowners insurance rates will factor in your personal demographics, plus the value of your home.
Urban areas, like Cincinnati, may cost more for car insurance than rural areas since you'll be at a higher risk of accidents or crime.
Weather will also play a primary role in assessing risk profiles for car insurance and homeowners insurance. If you live in an area of Ohio that is at a higher risk of severe storms, such as tornadoes or flooding, you will likely pay more for coverage.
Useful Ohio Insurance Resources
Regardless of which type of insurance you need, it’s always important to do your research beforehand. The Ohio Department of Insurance has compiled tons of resources to help consumers make informed decisions about their insurance coverage.
If you’re looking for auto insurance in Ohio, compare quotes from multiple companies to make sure you’re getting the best coverage for the best rates. Get started with EverQuote by entering your ZIP code now.