SERVICES : Personal Insurance OHIO HOMEOWNERS AVERAGE INSURANCE PREMIUM INCREASED SLIGHTLY IN 2007 Jan 14, 2010 by Courtesy of Ohio Department of Insurance Ohio Department of Insurance Director Mary Jo Hudson has announced that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006. Ohio’s homeowners insurance premiums remained the 6th lowest in the country. The news comes based on a report issued by the National Association of Insurance Commissioners (NAIC). “A competitive market assures lower insurance premiums for all Ohioans,” Director Hudson said. “The Department will continue to monitor these markets, and also assure that Ohioans have access to coverage at a fair price.” Statistics in the NAIC report show that Ohioans paid an average homeowners insurance premium of $548 in 2007, the most recent year data is available. In 2006, the average homeowners insurance premium was $542. Those figures are far lower than the national average homeowners insurance premium of $816, up from $801 in 2006. The average premium is a weighted average of all the homeowners insurance policy forms (Dwelling Fire, HO-1, HO-2, HO-3, HO-5 and HO-8). The average premium is determined by dividing the total premium for a state by the number of insured homes. Its magnitude reflects the insured values of homes in a state, a state's exposure to catastrophic losses, fire, theft and other types of losses, construction costs, and other factors that impact insured home values and the number and size of insured claims. Ohio insurance consumers with questions and concerns about their insurance can call the Department’s consumer hotline at 1-800-686-1526. Free information can also be obtained at www.insurance.ohio.gov.
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Montgomery Insurance and Investments Agency, Inc. is a locally owned and operated independent insurance agency with specialists in personal and commercial insurance, financial services including investments and employee benefits. They have two conveniently located offices in the downtown areas of Jamestown and Xenia.
Left to right: Jim Saner, Eric Montgomery, Brad Montgomery and Roy Montgomery. "Prompt efficient service." - Paul & Edith Calloway DISCLAIMER - Securities and investment advisory services offered through Tower Square Securities, Inc., a member of FINRA / SIPC. Montgomery Insurance and Investments Agency, Inc. is not a registered investment advisor or a securities brokers dealer and has no affiliation with Tower Square Securities, Inc. Eric Montgomery is licensed in AL, CA, FL, GA, IL, IN, MA, MI, MO, NC, OH, VA, VT, WI, WV for the sale of security products. Roy Montgomery is licensed in OH for the sale of security products. Don Cain is licensed in OH for the sale of security products. |
Personal Insurance CONSIDER BUYING EARTHQUAKE INSURANCE OHIO HOMEOWNERS AVERAGE INSURANCE PREMIUM INCREASED SLIGHTLY IN 2007 Commercial Insurance No articles available. Employee Benefits HEALTHY LIFESTYLE TIPS FOR PREVENTING INFECTIONS Financial Services LTCI for EXECUTIVES: THE MISSING LINK FIVE STEPS TO RETIRING ON TIME |
| Xenia: 114 South Detroit Street • Xenia, OH 45385 • (937) 372-7646 Jamestown: 1 West Washington Street • Jamestown, OH 45335 • (937) 675-9321 |
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