Lakewood, Ohio, offers affordable and reliable car insurance options. The average monthly rate is $113.91, much lower than the national average of $167.68.
Traditional insurers often look at your age, job, and more to set rates. But, companies like Root Insurance focus more on how you drive. This can mean big savings for Lakewood drivers who are careful on the road. By comparing quotes and looking at different options, Ohioans can find affordable insurance that suits their budget.
Key Takeaways
- Lakewood, Ohio, has an average monthly car insurance rate of $113.91, lower than the national average.
- Innovative insurers like Root Insurance offer quotes based on driving behavior, which can lead to significant savings for good drivers.
- Comparing quotes and exploring coverage options are essential to finding the most affordable car insurance in Lakewood.
- Factors like age, driving history, and vehicle type can impact car insurance rates in Lakewood.
- Discounts and customized coverage options can help Lakewood drivers save on their car insurance premiums.
Car Insurance Requirements in Ohio
In Ohio, all drivers must have a certain level of car insurance. This is to cover injuries or damage from accidents you cause. The minimum liability coverage in Ohio is set at:
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident
- $25,000 for property damage per accident
Ohio drivers can choose to have more coverage than the minimum. It’s important to know these ohio car insurance requirements and ohio minimum liability coverage. This ensures you follow ohio auto insurance laws.
“Carrying the minimum required auto insurance coverage is the law in Ohio, but drivers can choose to purchase higher limits for added protection.”
Ohio’s liability coverage helps protect drivers if they cause an accident. The state’s minimum is a good start, but think about your own needs and risks when picking a policy.
Average Cost of Car Insurance in Lakewood OH
Car insurance in Lakewood, Ohio, has different costs. The average cost is $1,216 per year. This is $193 less than Ohio’s average of $1,023 per year.
The national average is $1,682 per year, which is $466 more than in Cleveland. This means car insurance in Lakewood might be cheaper than in other areas.
| Insurance Provider | Average Annual Cost in Cleveland |
|---|---|
| Nationwide | $785 |
| GEICO | $815 |
| State Farm | $876 |
| Allstate | $1,840 |
Nationwide offers the cheapest car insurance in Cleveland at $785 per year. GEICO is next at $815, and State Farm at $876. Allstate has the highest rates at $1,840 per year.
The average cost of car insurance in Lakewood, OH, seems affordable. Drivers can find cheaper options by comparing quotes and considering their driving history, credit score, and vehicle type.
car insurance in lakewood oh
Looking for the best car insurance in Lakewood, OH means checking out different options. The cost of car insurance companies lakewood ohio can change a lot. So, it’s smart to compare quotes from various providers.
The minimum liability coverage in Ohio costs about 14% more in Lakewood than the national average. This means Lakewood drivers should look harder for lakewood ohio auto insurance that matches their budget and needs.
Some top best car insurance in lakewood oh companies are Erie, Auto-Owners, Progressive, Westfield, and Nationwide. These companies are known for being affordable, making customers happy, and offering good coverage options for Lakewood.
| Car Insurance Provider | Average Annual Premium | Customer Satisfaction Rating |
|---|---|---|
| Erie | $1,050 | 4.7/5 |
| Auto-Owners | $1,100 | 4.6/5 |
| Progressive | $1,150 | 4.4/5 |
| Westfield | $1,175 | 4.2/5 |
| Nationwide | $1,200 | 4.0/5 |
By comparing car insurance companies lakewood ohio, Lakewood drivers can find the right coverage for their needs and budget. This ensures they are well-protected on the road.
“Finding the right car insurance in Lakewood, OH can make a big difference in your budget and peace of mind. It’s important to shop around and compare options to get the best deal.”
Top Car Insurance Companies in Lakewood
Looking for the best car insurance companies in Lakewood? Several providers are top choices. Researching these insurers helps drivers find affordable coverage that fits their needs.
State Farm, Auto-Owners, and Erie
State Farm is a top choice in Lakewood for its competitive rates and many discounts. But, you must buy policies through a local agent, not online. Auto-Owners also offers great coverage and discounts, but you’ll need an independent agent to get it. Erie is known for making customers happy and has some of the lowest rates in Lakewood.
| Insurance Provider | Strengths | Weaknesses |
|---|---|---|
| State Farm | Affordable rates, diverse discounts | Customers must work with local agent, no online purchasing |
| Auto-Owners | Numerous optional coverages and discounts | Customers must work with independent agent |
| Erie | High customer satisfaction, cheap minimum and full coverage | – |
When picking car insurance in Lakewood, think about cost, coverage, service, and strength. By looking into top insurers and comparing prices, Lakewood folks can find affordable options that suit them.
Factors That Affect Car Insurance Rates
Several key elements play a role in [factors affecting car insurance rates lakewood oh]. The [what determines auto insurance costs lakewood] in Lakewood, Ohio, can change a lot. This depends on a driver’s age, credit score, driving record, and ZIP code.
Age is a big factor in [variables that impact car insurance prices lakewood]. Young drivers, especially teenagers, are seen as higher-risk. They often pay more for coverage. But, drivers over 25 tend to get lower premiums.
| Factor | Impact on Rates |
|---|---|
| Age | Younger drivers pay significantly more |
| Credit Score | Drivers with poor credit scores face higher premiums |
| Driving Record | Speeding tickets, accidents, and DUIs lead to rate increases |
| ZIP Code | Insurance costs can vary by neighborhood within Lakewood |
A driver’s credit score is a big [factors affecting car insurance rates lakewood oh]. If your credit score is poor, you might pay more for insurance. Insurers see you as a higher-risk.
Also, [variables that impact car insurance prices lakewood] are affected by your driving record. Getting speeding tickets, causing accidents, or getting a DUI can raise your rates. Insurers think you’re more likely to make claims.
Understanding these [what determines auto insurance costs lakewood] in Lakewood, Ohio, can help drivers save money. By making smart choices, you can find affordable car insurance.
How to Save on Car Insurance
If you live in Lakewood, Ohio, finding cheap car insurance is key. There are ways to lower your car insurance costs and save on your auto insurance premiums.
- Compare quotes from different insurers. Looking around and comparing rates can help you find the best affordable car insurance in Lakewood.
- Consider raising your deductible. A higher deductible can greatly reduce your monthly car insurance premiums.
- Bundle your policies. Combining your auto insurance with other policies, like homeowners or life insurance, can get you discounts and savings.
- Remove unnecessary coverage options. Review your policy and drop any add-ons you don’t need, like roadside assistance.
- Take advantage of available discounts. Look for discounts for safe driving, good credit, being a homeowner, and more.
By using these strategies, Lakewood drivers can effectively lower their car insurance costs and save on their auto insurance premiums. With some research and proactive steps, you can find the best ways to save on car insurance in Lakewood, OH.
| Insurer | Average Annual Rate for Minimum Coverage | Average Annual Rate for Full Coverage |
|---|---|---|
| Hastings Mutual | $335 | $720 |
| Nationwide | $345 | $800 |
| State Farm | $365 | $850 |
| Progressive | $375 | $900 |
Hastings Mutual offers the cheapest full coverage car insurance in Lakewood, Ohio, with an average annual rate of just $720. Choosing minimum coverage can also significantly reduce your car insurance costs in Lakewood, with an average annual rate of $335.
New car insurance customers report savings of over $50 per month.
By following these tips to save on auto insurance in Lakewood, you can effectively lower your car insurance costs and find the most affordable coverage options for your needs.
Conclusion
In conclusion, Lakewood, Ohio drivers have many options for affordable car insurance. Even though rates here are higher than the national average, good drivers can still find cheap policies. Top insurers like Erie, Auto-Owners, and Nationwide offer great deals.
For drivers in Lakewood, finding cheap car insurance means doing your homework. Things like your age, credit score, and driving history affect your rates. Luckily, Lakewood has many affordable auto insurance options, making it easier to find what you need within your budget.
By using discounts, raising deductibles, and bundling policies, Lakewood drivers can cut their insurance costs. With some effort, you can get the protection you need without breaking the bank. Whether you’re new to driving or have lots of experience, there are affordable car insurance options in Lakewood, Ohio.
Source Links
- Home & Auto Insurance in Lakewood, OH | State Farm®
- Cheap Car Insurance Rates in Lakewood, Ohio | SmartFinancial
- Ohio Car Insurance | USAA
- Cheapest Car Insurance in Ohio
- Average car insurance cost in Cleveland, OH [Compare Rates]
- Best Car Insurance in Cleveland, OH (2024) – Policygenius
- Cleveland Insurance Ohio 44111 | Acceptance
- Cheap car insurance in Ohio | Root Insurance
- Gordon Tower Insurance Agency | Insurance Agency
- Best Car Insurance in Ohio
- Ohio Car Insurance
- Car Insurance Rates by State in 2024 | Ranking Most and Least Expensive States
- How a Speeding Ticket Impacts Your Insurance in Ohio | Bankrate
- Don’t Overpay: Cheap Car Insurance in Ohio for September 2024 – NerdWallet
- Auto & Home Insurance in Cleveland, OH | State Farm®
- No title found
- Cleveland Ohio Auto Insurance: Compare & Save
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In conclusion, Lakewood, Ohio drivers have many options for affordable car insurance. Even though rates here are higher than the national average, good drivers can still find cheap policies. Top insurers like Erie, Auto-Owners, and Nationwide offer great deals.