Average car insurance cost in Columbus, OH

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Based on an analysis by Insure.com, the typical car insurance expense in Columbus, Ohio is $1,597 annually. Furthermore, car insurance premiums in Columbus are $180 more than compared to the state average in Ohio and $298 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Columbus, the average car insurance rates by age and gender, and the costs in Columbus based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Columbus. Keep reading to learn more.

Cheap car insurance companies in Columbus

Grange Insurance offers the most affordable car insurance in Columbus for coverage limits of 100/300/100 at $1,153 per year.

The Auto-Owners comes close second offering car insurance at $1,242 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Columbus that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Columbus, Ohio:

Read about the best car insurance companies.

Average car insurance cost in Columbus by coverage limits

The average car insurance rates in Columbus based on coverage types are as follows:

• State minimum coverage: $444 per year (limits are 25/50/25)
• Liability only coverage: $550 per year (limits are 50/100/50)
• Full coverage: $1,597 per year (limits are 100/300/100)
• Non-owners coverage: $255 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Columbus

Based on an analysis by Insure.com, female drivers in Columbus, Ohio pay an average annual car insurance premium of $1,605. In comparison, male drivers pay $1,589 annually, which is $16 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Columbus

In Columbus, teenagers have the highest car insurance rates, at $5,455 per year or $455 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,627 annually for car insurance, which is $2,828 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Columbus have car insurance rates of $1,613 and $1,663 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Columbus

Examining the trends in car insurance rates in Columbus, Ohio it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 39%, or $449.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Columbus, are higher than the average insurance cost in Ohio. Shopping around and taking advantage of available discounts, drivers in Columbus can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.