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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. (NOTE: This is the latest year available for this data at press time). 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/CompleteGuides/CompleteAutoGuide.pdf,
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.
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Based on an analysis of 15 million auto policies and 2 million claims, The Quality Planning Corp., an affiliate of ISO, has developed a correlation between place of residence and auto accident risk. Drivers living within a mile of a church are 10% less likely to be in a crash, while drivers living within a mile of a restaurant are 30% more likely to be in a crash than the average driver. Those living near elementary schools are 26% more likely to have an accident, while those living near a liquor store are only 18% more likely to be in an accident.
(Contra Costa Times, 12/7/05) |
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