According to the article “Auto Premiums In Ohio Decline for Third Consecutive Year” found on insurancejournal.com, Ohio has the 11th lowest auto insurance rates in the US in 2007. This is an improvement from its ranking the year before at 13th. This is great news for Ohio drivers as they shop for Ohio auto insurance quotes.
The Ohio Department of Insurance recently reported that rates in the state have been on the decline for the past 3 years based on the 2006/2007 Auto Insurance Database information. This was released by the National Association of Insurance Commissioners. The Ohio Department of Insurance Director, Mary Jo Hudson, believes that Ohio has a healthy and competitive auto insurance market which drives costs down and benefits consumers.
Analysts from the Department of Insurance expect auto insurance rates to slightly increase in 2010 across the country according to the article. Changes in the costs of auto insurance are due to higher repair costs, soaring medical expense costs, claims related to weather, and the number of drivers who are out on Ohio roads.