The reason for high prices vary considerably among states, but one thing for sure everywhere Uninsured drivers are dinging the rest of us.
When a state has a large proportion of uninsured drivers, insurance companies aren't able to spread their risk sufficiently. Uninsured drivers aren't paying their share, yet they're still crashing and causing damage, passing the buck to drivers who then make claims on their uninsured/underinsured coverage.
Despite laws requiring liability insurance in 49 of 50 states - New Hampshire is the exception - the number of uninsured have likely grown along with the unemployment rate. It is a matter of economic problem more than anything else.
How does Ohio rank? Out of the information received for 41 states, Ohio ranked at number 35. We have seen the rates inching up over the last few years to bring the rates in line with other states.
How does your credit score affect your rates? We'll talk about your credit score and how it affects your rate next week.