Ohio drivers have a plethora of options when it comes to choosing the best car insurance company in the state. With 8.2 million licensed drivers in 2021, the competition is fierce, and it’s essential to find a provider that offers affordable rates, versatile coverage options, and excellent customer experience. After conducting extensive research, the MarketWatch Guides team has identified Nationwide as the top car insurance company in Ohio, followed closely by Erie, State Farm, Geico, and Auto-Owners Insurance.
When it comes to the cost of car insurance in Ohio, drivers can expect to pay an average of $43 per month or $511 annually for minimum coverage. For a full-coverage policy, the average cost rises to $138 per month or $1,660 per year. To legally drive in Ohio, drivers must have liability insurance, which includes coverage of $25,000 bodily injury per person, $50,000 bodily injury per accident, and $25,000 property damage per accident.
Nationwide stands out as the best choice for Ohio drivers due to its affordable rates, wide range of coverage options, and excellent customer service. The company offers standard coverage types as well as optional coverages like roadside assistance, rental reimbursement, and accident forgiveness. With nearly 100 years in business, Nationwide has a stellar reputation for financial strength and customer service, as evidenced by its A+ ratings from both AM Best and the BBB.
Erie Insurance is another top contender in Ohio, offering a variety of add-on coverages such as windshield repair, pet injury coverage, and rental car reimbursement. With an A+ rating from AM Best and the BBB, Erie Insurance is known for its exceptional customer service and financial stability. The company ranks first in the J.D. Power 2023 U.S. Auto Insurance Study for the North Central region.
State Farm, the most popular auto insurance company in the United States, also ranks highly in Ohio for its customer experience and financial strength. With an A++ rating from AM Best, State Farm offers good discount opportunities for students and teens, as well as usage-based insurance discounts. While the company has received mixed reviews from customers, it remains a solid choice for Ohio drivers.
Geico and Auto-Owners Insurance round out the top five car insurance companies in Ohio, offering budget-friendly rates and a wide range of coverage options. Geico, the third-largest car insurance provider in the nation, boasts an A++ rating from AM Best and an A+ rating from the BBB. Auto-Owners Insurance, with over 100 years of industry experience, has positive customer reviews and excellent financial health.
In conclusion, finding the best car insurance in Ohio involves comparing rates, coverage options, and discounts from multiple providers. By considering factors such as coverage, cost, customer experience, and availability, drivers can make an informed decision when selecting an insurance company. Remember to review the minimum coverage requirements in Ohio and explore ways to save on car insurance, such as bundling policies, enrolling in usage-based insurance programs, and maintaining a clean driving record.