Sep 11
According to the Street Insider, “(the) Ohio Median Auto Insurance Rate (is) Now $560 per Household.” Over the past six months, the six month car insurance rate for Ohioans has actually gone up 5% to $560. When you compare car insurance rates for different demographics, there is a wide range in what people are paying. Women, at $531, pay less than men do at $585. The age group of 60-74 pays the least on average at $483 while the teenagers age 19 and younger pay the most by far at $1191. 20-24 year olds pay $761, 25-29 year olds pay $554, and 30-39 year olds pay $535. Rates decrease to $507 for 40-49 year olds, to $489 for 50-59 year olds, then go back up a bit to $533 for those aged 75 and older.
Those in Ohio who pay both the median car insurance rate of $560 every six months and earn the median income of $41,532 are paying 2.7% of their gross income for car insurance. That makes Ohio the 14th most affordable state for car insurance based on income. State Farm car insurance quotes can let you know if you are able to get a lower car insurance rate in Ohio that is more along the lines with the median. Men in Ohio pay about 10% more than women do for car insurance. Teenagers in Ohio actually pay more than double what those in the 30-39 age group pay when you compare car insurance. The easiest way to lower your car insurance is to shop around and see what different companies have to offer you.
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