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Insurance in Ohio

Insurance plays a role in nearly everything we do – from the homes we live in to our means of transportation and the businesses, organizations, and venues we interact with every day.

At its core, insurance is the financial safety net that protects our homes, automobiles, businesses, and loved ones. Ohioans also benefit from one of the most competitive marketplaces in the country, which keeps costs lower when compared to other states.

The impact of Ohio's insurance industry is everywhere – fueling economic growth, safeguarding what matters most, and opening doors to rewarding careers.

Insurance at Work for Ohio

For generations, Ohio's insurance industry has been an economic powerhouse, delivering billions in wages and taxes that provide strength and stability for communities statewide.

By the Numbers:
114,000+ employees statewide
271 companies located in Ohio
$794 million in premium taxes paid in 2024 to support state and local government budgets
$11.3 billion in wages paid in 2024
Backing Ohio Businesses

From startups to storefronts, insurance fuels entrepreneurship and gives business owners the security to take risks, grow, and create jobs that keep communities thriving.

Insurance at Work for You

Insurance provides policyholders with security and peace of mind, and the strength of Ohio's marketplace delivers advantages that set the state apart from much of the nation.

More Choices. Greater Value.

Driven by a robust, competitive market, Ohio ranks among the states with the lowest insurance premiums.

5th lowest homeowners insurance premiums
 9th lowest auto insurance   premiums

Endless opportunities.

Close to home.

  Ohio ranks 7th nationally in insurance employment and 2nd in property & casualty
Insurance jobs pay on average 50% more than other private-sector jobs in Ohio
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