Car Insurance Rates Up in Ohio and Across the Nation

Car Insurance rates are set to increase by 8.4% in the United States and around 12.3$ in the state of Ohio.

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You may see a recent spike in your car insurance bill. It's the biggest increase in the cost of car insurance in the last six years.

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Currently, the cost of full coverage or comprehensive car insurance in Ohio is around $1296 for a year which is much lower as compared to other parts of the US.

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The cost of full coverage or comprehensive car insurance at the national level is $1780 for a year. It is much higer than the state of Ohio.

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Some states like Kentucky and Michigan has higher cost of full insurance coverage of a car than the national average. For Kentucky it is $2040 and for Michigan it is $4788 (approx.).

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Insurance Rates are rising because claims and crashes have increased as people are returing to work on a daily commute basis, shortage in supply of car parts, repair costs increase etc.

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Next: Mortgage Rates Going Up As the Federal Reserve Rises Rates

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