CLEVELAND - Ohio typically scores low on lists that compare the state to other states around the country, but there's one list that Ohio is topping and it means extra money in your pocket.
Consumers we spoke with said they think they're paying a lot of for insurance, but the annual study by Insure.com shows Ohio has some of the lowest rates in the country.
Bob Hoover has been in the insurance business for more than 30 years, and said Ohio has always been low on the list.
"Move to Texas or California or Florida. Those rates are extremely high," Hoover explained.
According to this year's study, Ohio ranks 48th, with an average yearly cost to insure a car of just more than $1,100. In Louisiana and Michigan the cost is more than $2,500.
How you drive your car. Your age, credit, and driving record can impact the price you pay.
The study bases its figures on the average rate for a 40-year-old single male with a 12-mile daily work commute and a $500 deductible.
"Ohio has always been a competitive state, a very insurance rich state. You have a lot of companies coming in here," Hoover explained.
Hoover said fierce competition and favorable state insurance regulations are two reasons for Ohio's low rates. The study said states with low rates also have less congested roads, fewer claims overall and lower repair costs. Plus, drivers are not as quick to sue over accidents.
To make sure you are getting the best possible price and coverage, shop around. However, choose a company you like. Don't rely solely on price.
If you're curious if you're getting the best rate for your money, you can find out by answering a few questions about your driving habits.
The state of Ohio has an insurance calculator that show you the going rate at different companies for someone that fits your driving profile. The state also has tips to guide you into choose the best insurer.