Ohio’s Top 5 Insurance Companies–
The best car insurance companies in Ohio offer affordable rates and quality customer service. They also provide a variety of discounts and coverage options.
GEICO car insurance provides competitive rates and a variety of discounts. Its financial strength rating and the availability of a local agent are major draws.
Auto-Owners
When it comes to car insurance, State Farm is top-rated in Ohio for its affordable rates and versatile coverage options. The company has a good reputation for customer service and consistently ranks high on ratings sites like the Better Business Bureau and Trustpilot. It also offers a variety of discounts and extras.
GEICO and Erie are the next best insurers in Ohio, offering competitive prices and a range of optional coverages, including gap insurance, new car replacement, and personal belongings coverage. Both companies also have good customer service scores and boast low complaint indexes.
In addition to looking at rate data, ValuePenguin also looked at customer satisfaction ratings and analyzed complaints filed against insurers by policyholders. Based on these criteria, ValuePenguin found that USAA, Geico, GEICO, State Farm, and Auto-Owners have the best rates in Ohio.
On average, a full coverage policy costs $1,599 annually in Ohio. However, rates are cheaper than the national average and much lower than in neighboring states, such as Michigan or Pennsylvania. The reason may be that more of Ohio is rural and suburban, leading to fewer accidents than in metropolitan areas.
American Family
The largest mutual auto insurer and home insurance company in the country, American Family has been around for decades. Its car insurance rates are slightly cheaper than the national average and its home insurance prices are a bit higher. In addition to offering multiple discounts, American Family has an excellent mobile app that lets customers file claims and manage their policy. It also scores well in the ease of use category for its mobile apps and website.
According to the National Association of Insurance Commissioners, American Family has fewer confirmed complaints than the industry average. However, its customer satisfaction ratings are below average in the J.D. Power 2022 auto and home insurance studies.
When it comes to auto insurance, American Family has good perks like roadside assistance and accident forgiveness. It also offers a variety of discount options such as reducing your mileage, taking a defensive driving course or going paperless. The company also has a strong financial foundation and earned an A rating from AM Best, a leading credit rating agency. This means it has the ability to pay claims when needed.
Bankrate
The best life insurance companies in Ohio are those that offer a variety of policies to suit different needs. Term insurance is the most basic and inexpensive option, while whole life policies may have added features such as cash value or investment options. These policies usually cost more than term coverage, but they can provide lasting security for families.
GEICO is one of the most popular car insurance companies in Ohio, offering low average rates and several discounts for qualified drivers. These discounts include those for government employees, members of affiliated professional groups and eligible military members. The company also has a reputation for outstanding customer service, scoring near the top of the J.D. Power 2023 U.S. Auto Insurance Study and a high rating in The Zebra’s customer satisfaction survey.
State Farm is a good choice for drivers with an at-fault accident or speeding ticket on their record. Its widespread network of brick-and-mortar offices and telematics programs may appeal to drivers who prefer the personal touch of a local agent. The company also offers some of the lowest rates for minimum car coverage in Ohio, at about $45 a month. A full-coverage policy from State Farm costs about $133 a month, or about $799 per year.
MassMutual
Based on our analysis of 2024 rates, Geico, State Farm, Erie, USAA and Auto-Owners Insurance offer competitive car insurance in Ohio. State Farm is a household name with local agents and high claims satisfaction ratings. It also offers telematics programs to help younger drivers learn safe driving habits and save money. Its lower-than-average rates may also appeal to Ohio drivers with an at-fault accident or speeding ticket on their record.
Erie has an excellent reputation for customer service, and its low average rate in Ohio makes it a good choice for drivers who want to pay less than the national average. It also provides a variety of policy options, including new car replacement and rate lock. Its discounts include savings for members of affiliated professional groups, good students and senior drivers.
Founded in 1901, USAA is one of the oldest and largest insurance companies in the US. It is rated A+ by AM Best and has fewer consumer complaints than other insurers its size.
State Farm
The company is known for its auto, home and life insurance but also has banking services including mutual funds and retirement planning products. State Farm also advocates for road safety by offering policy incentives like seatbelt usage and teen driver discounts.
The largest insurer in the US, State Farm offers a wide range of car insurance coverages at competitive rates. Its comprehensive car insurance policies include liability and collision insurance, as well as optional coverages such as roadside assistance and gap insurance. The company’s bundling discounts can save drivers money, and its online policy portal makes it easy to manage and file claims.Power studies, and it has fewer complaints than expected for an insurer of its size according to the 2020 NAIC Complaint Index.
The company is a good choice for drivers seeking full coverage, homeowners looking for affordable home insurance without much customization, and those who want a reliable term or universal life policy. Its superior financial strength and excellent customer satisfaction ratings help it earn multiple accolades, including a 2024 Bankrate Award for Best Life Insurance Company and a top rating in the category of Term Life Insurance from A.M. Best.