Some Rates Up, Others Down in Ohio Market
Ohio state insurance director Mary Jo Hudson forecasts that Ohio is expecting to see slight increases in auto insurance rates through the end of 2008 and larger increases in homeowners premiums.
However, Hudson noted that average rates charged by the state's top ten car insurers declined 2.6 percent in 2007, while rates for homeowners insurance went up an average 1.5 percent.
According to the National Association of Insurance Commissioners, last year Ohio's auto insurance rates were the 13th lowest in the country and the state ranked sixth among those with the least expensive homeowners policies.
Published on August 5, 2008
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