2003 Auto Insurance Premiums In Selected Ohio Cities
In 2003 the Ohio Department of Insurance (ODI) requested insurance
companies to quote prices they would charge drivers for automobile
insurance. Over 50 companies responded, and their rates were reflected
in the survey. The table below shows a comparison of auto insurance
premiums for selected metropolitan areas in Ohio. Figures shown
should be reviewed as a guide. They do not reflect discounts offered
by insurers, which could lower insurance costs. On the other hand,
accidents and/or traffic violations could raise the rates quoted.
Rating information used in survey
Insurance Coverage Information: Bodily injury liability—$100,000
per person and $300,000 per occurrence; property damage liability—$100,000
per occurrence; $5,000 per person automobile medical payments; uninsured/underinsured
motorist coverage—$100,000 per person and $300,000 per occurrence;
$500 deductible other than collision coverage (comprehensive); and
$500 deductible collision coverage.
Automobile Information: 2003 Toyota Camry, driven
to and from work, driven 15,000 miles annually.
Driver Information: Adult driver, 35 years of
age, married male with no dependents of legal driving age; no accidents
or driving violations within the past three years; and a new customer
to an insurance company. Wife is an occasional driver of the car.
Pricing Information: Prices were quoted prior
to qualifying for any insurance company discounts. Rates shown reflect
annual automobile insurance premiums from standard market insurers
(nonstandard company rates are not reflected in the figures).
ODI’s survey includes additional driver history scenarios,
including nonstandard insurers. Visit ODI’s Web site at www.ohioinsurance.gov/consumserv/ocs/ocspub.htm,
or call 1-800-686-1526 to obtain a copy. The premium a company charges
you for insurance will probably differ to reflect your actual coverage,
auto and situation.
Note: Figures shown should be reviewed as a guide only
Source: Shopper’s Guide to Automobile Insurance, March 23,
2004 (Web version), Ohio Department of Insurance
||In 2003 there were 19 million licensed drivers
age 65 and over. By 2030, the number is expected to increase
to 40 million, with about 9 million of those 85 years or older.
(Insurance Institute for Highway Safety)