Drivers in Lakewood, Ohio pay about $113.91 a month for car insurance. This is lower than the national average of $167.68 a month. To get a low rate, it’s best to shop around for different car insurance options in Lakewood.
This article will look at the top auto insurance companies in Lakewood, Ohio. We’ll also cover average rates for different driver profiles and vehicle types. Plus, we’ll talk about what coverage you need and other key info to help Lakewood residents find the right car insurance.
Key Takeaways
- Lakewood, OH drivers pay an average of $113.91 per month for car insurance, lower than the national average.
- Comparing quotes from multiple lakewood car insurance providers is the best way to find affordable coverage.
- Factors like driving history, vehicle type, and age can significantly impact car insurance rates in Lakewood.
- Understanding Ohio’s minimum liability requirements and local regulations is crucial for Lakewood drivers.
- Exploring discounts and savings opportunities can help Lakewood residents save on their car insurance costs.
Average Car Insurance Rates in Lakewood
Drivers in Lakewood, Ohio pay about $113.91 a month for car insurance. This is lower than the national average but higher than Ohio’s average. Factors like driving history, claims history, age, vehicle type, and location affect auto insurance premiums in Lakewood.
Comparison of Lakewood Rates to National and State Averages
Lakewood’s average car insurance rates are lower than the national average. Yet, they are slightly higher than Ohio’s average. This difference comes from Lakewood’s unique demographics and driving conditions.
Factors Affecting Car Insurance Rates in Lakewood
Higher crime rates or accident areas in Lakewood can lead to higher car insurance costs. Driving history, claims history, age, and vehicle type also play a big role in insurance costs for Lakewood drivers.
“Shopping around and comparing quotes is crucial to finding the best rates in Lakewood and the Cleveland area.”
Top Car Insurance Companies in Lakewood
In Lakewood, Ohio, several car insurance companies are known for their great rates and coverage. Clearcover, Safeco, State Farm, SafeAuto, and Buckeye Insurance Group are among the best. They offer competitive prices and excellent coverage.
Rank and Average Rates of Top Insurers
Clearcover has the lowest average monthly rate at $60.14. Safeco is close with a rate of $77.81. State Farm is also a top choice with a monthly rate of $79.08.
SafeAuto and Buckeye Insurance Group offer rates of $85.85 and $94.92, respectively. These companies make up the top five in Lakewood.
| Rank | Insurance Company | Average Monthly Rate |
|---|---|---|
| 1 | Clearcover | $60.14 |
| 2 | Safeco | $77.81 |
| 3 | State Farm | $79.08 |
| 4 | SafeAuto | $85.85 |
| 5 | Buckeye Insurance Group | $94.92 |
These best car insurance companies lakewood oh, top rated auto insurers lakewood ohio, and cheapest car insurance providers lakewood offer great options. They provide affordable and comprehensive coverage to Lakewood drivers. This is better than the state average.
Car Insurance Rates by Zip Code in Lakewood
Car insurance rates in Lakewood, OH, vary a lot by zip code. The average monthly rate in the 44107 area is $113.91. Crime rates, accident history, and how crowded an area is affect these rates.
Let’s look at the auto insurance costs by neighborhood in Lakewood:
- Zip code 44107: Average monthly rate of $113.91
- Zip code 44102: Average monthly rate of $121.84
- Zip code 44111: Average monthly rate of $105.73
- Zip code 44115: Average monthly rate of $118.29
These differences show why it’s key to check your neighborhood’s rates. Knowing what affects rates in your area helps you choose better and save money on auto insurance costs in Lakewood.
“The location of your home plays a significant role in determining your car insurance premiums. Factors like crime rates, accident history, and population density can all impact the rates you’ll pay.”
For the best car insurance rates by zip code in Lakewood, OH, compare quotes from different providers. Knowing what affects rates in your area helps you make a smart choice and save on auto insurance costs in Lakewood.
Car Insurance Rates by Age in Lakewood
In Lakewood, Ohio, the driver’s age greatly affects car insurance rates. Teenagers pay the most, with an average of $409.85 a month. But, rates go down as drivers get older.
Young adults in their 20s pay about $139.40 a month. Rates keep falling as drivers hit their 30s, averaging $91.53 a month. By the 40s, the average cost drops to $84.27 a month.
Drivers 50 and older usually get the lowest rates. This is because they have more driving experience, clean records, and are less risky. Looking into different car insurance options in helps everyone find the best deal for their needs and budget.
| Age Group | Average Monthly Car Insurance Rate |
|---|---|
| Teenage Drivers | $409.85 |
| Young Adults (20s) | $139.40 |
| Drivers in their 30s | $91.53 |
| Drivers in their 40s | $84.27 |
Knowing how car insurance rates change with age helps Lakewood drivers make smart choices. They can save money on their premiums.
Car Insurance Rates by Vehicle in Lakewood
In Lakewood, Ohio, the car you drive affects your insurance rates. The monthly insurance premiums for cars vary. For example, a 2023 Kia Forte costs about $104.34 a month. But, a 2011 Ford Fusion could be as high as $657.17 a month.
Newer, pricier cars usually cost more to insure. This is because they’re worth more, have better safety features, and are more expensive to fix. Older, cheaper cars often have lower insurance rates.
| Vehicle Make and Model | Average Monthly Insurance Rate |
|---|---|
| 2023 Kia Forte | $104.34 |
| 2011 Ford Fusion | $657.17 |
| 2017 Honda Civic | $149.89 |
| 2019 Toyota RAV4 | $201.75 |
Lakewood drivers should think about how their car affects insurance costs. Knowing about car insurance rates by vehicle type lakewood oh and auto insurance costs for different cars lakewood helps make better choices. This way, drivers can pick policies that fit their budget and needs.
“The type of vehicle you drive can have a significant impact on your car insurance rates in Lakewood. It’s crucial to research and compare insurance costs for different models to find the most affordable coverage.”
Minimum Liability Coverage in Lakewood
In Lakewood, Ohio, drivers must have at least the following minimum car insurance coverage requirements lakewood oh:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $25,000 property damage coverage per accident
These ohio auto liability insurance limits are the lowest insurance levels Ohio drivers must have. They cover damages and injuries to others if you’re at fault in an accident. But, many experts suggest getting more insurance for better protection.
Working with a local insurance agent in Lakewood can help drivers find more coverage options. This might also help them save money on insurance. Since Ohio has fewer uninsured drivers than the national average, having enough liability insurance is key to protect against accidents with uninsured drivers.
| Coverage Type | Minimum Requirement |
|---|---|
| Bodily Injury Liability | $25,000 per person / $50,000 per accident |
| Property Damage Liability | $25,000 per accident |
Having at least the state-mandated minimum car insurance coverage requirements in Lakewood is vital. It lets Ohio drivers legally drive and protects their finances if they’re in an accident.
Blood Alcohol Concentration (BAC) Limit in Lakewood
Driving under the influence of alcohol is a serious crime in Lakewood, Ohio. The state has strict limits to keep everyone safe. The legal blood alcohol concentration (BAC) limit for drivers in Lakewood is:
- 0.08% or higher for drivers aged 21 and older
- 0.04% or higher for commercial vehicle drivers
- 0.01% or higher for drivers under the age of 21
Going over the legal bac limit lakewood oh can lead to harsh penalties. These include fines, losing your license, and even jail time. Ohio is very strict about impaired driving. Drivers with an OVI conviction see an average increase in auto insurance premiums of 111%.
| Offense | Jail Time | Fines | License Suspension |
|---|---|---|---|
| 1st OVI Offense | Up to 6 months | Up to $1,075 | Up to 3 years |
| 2nd OVI Offense | Up to 6 months | Up to $1,625 | Up to 7 years |
| 3rd OVI Offense | Up to 1 year | Up to $2,750 | Up to 12 years |
All drivers in Lakewood should know and follow the legal bac limit lakewood oh and drunk driving laws lakewood ohio. This helps avoid harsh penalties and keeps our community safe.
Consequences of Lapsed Car Insurance in Lakewood
Driving without car insurance in Lakewood, Ohio, can lead to serious issues. The penalties for not having insurance are severe. It can greatly affect your financial health.
If caught driving without insurance, your car’s registration and license plates might be taken away. This means your car could be towed and kept until you show proof of insurance.
- Vehicle registration and license plates being impounded
- Driver’s license and vehicle registration suspension
- Vehicle being immobilized or forfeited
Your driver’s license and vehicle registration could also be suspended. This makes it illegal for you to drive. In extreme cases, your car might be taken away.
Having active, compliant car insurance is a must in Ohio to avoid these issues. Driving without insurance puts you at risk of these problems. It also leaves you open to financial loss if you’re in an accident.
Don’t risk driving without insurance in Lakewood, Ohio. Make sure you have the right coverage to stay legal and protect your finances.
Commute Time in Lakewood vs. National Average
Lakewood, Ohio, has a short commute time compared to the national average. The median commute time for Lakewood residents is 20.6 minutes. This is much lower than the U.S. average of 26.4 minutes.
In the areas around Lakewood, the median commute time is a bit longer at 21.4 minutes. But, fewer people in Lakewood spend over 45 minutes commuting at 7.4%. This is compared to 13.6% in the surrounding areas.
Lakewood’s walkability and bikeability might help keep commute times short. About 4.4% of Lakewood residents walk or bike to work, compared to 3.6% in the surrounding areas.
“The average adult in the U.S. spends 219 hours annually commuting, which equates to nine days. This time spent on the road can have a significant impact on an individual’s quality of life and car insurance rates.”
Even though Lakewood’s commute times are shorter, they can still vary. Factors like time of day, traffic, and location within the city affect commute times. Residents should think about their commuting needs when buying car insurance in Lakewood.
Car Insurance Companies in Lakewood OH
Lakewood, Ohio, has many auto insurance providers. They offer different coverage options and competitive rates for drivers. State Farm, Clearcover, Safeco, SafeAuto, Buckeye Insurance Group, Hastings Mutual Insurance Co, USAA, and Auto-Owners Insurance Co are some of the top insurers.
State Farm is a big name in Lakewood. They have a team ready to help with auto, home, and life insurance. They offer many coverage types, like liability, comprehensive, and medical payments.
Clearcover is a modern insurer known for being affordable, with rates starting at $60.14 a month. Safeco and SafeAuto are also great choices, with rates of $77.81 and $79.08 a month, respectively.
Buckeye Insurance Group, Hastings Mutual Insurance Co, USAA, and Auto-Owners Insurance Co also serve Lakewood. They offer special coverage and discounts for local residents.
Auto insurance providers in Lakewood, OH, aim to help everyone find the right coverage at a good price. With many options and competitive rates, drivers in Lakewood can trust their choice of auto insurance providers and top car insurers.
Discounts and Savings Opportunities with Car Insurance in Lakewood
Lakewood drivers can save money on car insurance by taking advantage of discounts. Keeping a clean driving record is a great way to save. Drivers without accidents or violations might get safe driving discounts, which can be 10-20% off.
Students in Lakewood can save too with good student discounts. These discounts are for students who keep a B average or higher. They can save 5-25% off their policy. Bundling auto insurance with other policies, like homeowners or renters insurance, can also save you 10-20%.
- Safe driving discounts (10-20% off)
- Good student discounts (5-25% off)
- Bundling discounts (10-20% off)
Drivers in Lakewood should ask about discounts for defensive driving courses, military service, or low annual mileage. These discounts can help you significantly reduce your car insurance premiums and make coverage more affordable.
“Discounts can be a game-changer when it comes to car insurance in Lakewood. It pays to shop around and see what savings you qualify for.”
There are more ways to save on auto insurance in Lakewood. Comparing quotes from different providers, keeping good credit, and choosing the right coverage can help. By exploring all options, Lakewood residents can make sure they get the best value for their car insurance dollar.
Factors That Determine Your Car Insurance Premium
When looking at factors that affect auto insurance rates in Lakewood, OH, many things come into play. These elements help decide how much you’ll pay for car insurance. They are key to understanding what determines car insurance costs in Lakewood.
Your driving history and accident/claims record are big factors. Insurers look at your past driving, including accidents, traffic violations, or claims. If you have a clean record, you’ll likely pay less for insurance.
Your age and experience level matter too. Young, new drivers often pay more because they’re seen as riskier. But, drivers in their 30s, 40s, and beyond usually pay less.
The type and value of your insured vehicle also affects your rates. Cars that cost more to fix or are more likely to be stolen cost more to insure. Luxury cars, for example, are usually pricier to insure than simpler models.
Where you live, as shown by your zip code and the crime/accident rates in your neighborhood, can also change your rates. Places with more accidents or theft might have higher premiums.
Lastly, the coverage limits and deductible amounts you choose matter. Picking higher coverage and lower deductibles means paying more each month. But, choosing lower coverage and higher deductibles can make your insurance cheaper.
Insurance companies look at these and other factors to figure out how risky you are. This helps them set your premium. Knowing the main factors that determine car insurance costs in Lakewood helps you pick the right coverage for your budget.
“The cost of car insurance is determined by a variety of factors, and understanding them can help you find the best coverage for your needs.”
Conclusion
In conclusion, Lakewood, Ohio drivers have many car insurance options. Companies like DEE Auto Insurance offer good rates and a lot of coverage choices. By knowing what affects premiums, like age, vehicle type, and discounts, people in Lakewood can pick the best policy for their needs and budget.
This guide has given a quick look at summary car insurance lakewood oh and finding best auto coverage lakewood ohio. It covered average costs, top insurers, and why comparing quotes is key to getting the best rates. This helps Lakewood drivers make smart choices and get the right protection at a good price.
Whether you’re new to driving, a regular commuter, or just want to change your coverage, Lakewood has many insurance options. By staying informed and using discounts, Lakewood folks can find the best summary car insurance lakewood oh and finding best auto coverage lakewood ohio. This keeps them and their cars safe on the road.
Source Links
- Home & Auto Insurance in Lakewood, OH | State Farm®
- Cheap Car Insurance Rates in Lakewood, Ohio | SmartFinancial
- Cheapest Car Insurance in Ohio
- Ohio Car Insurance
- Gordon Tower Insurance Agency | Insurance Agency
- Lindsay Perrico – State Farm Insurance Agent in Lakewood, OH
- Insurance Quotes In Ohio Best Rates In 2024 Get Free Quote Now
- Car Insurance Rates by ZIP Code – Compare Rates by ZIP (2024)
- Car Insurance Rates by State in 2024 | Ranking Most and Least Expensive States
- Best Car Insurance in Ohio for 2024 | Bankrate
- Lakewood, OH, Car Insurance | Connect with a Local Agent
- Best Car Insurance in Ohio
- The Impact of a DUI on Your Insurance Rates: What You Can Expect
- What is the BAC limit in Ohio?
- What If the At Fault Drivers Car Insurance Lapsed Before Accident
- Why aren’t Ohio drivers required to prove they have insurance before renewing their plates?: Money Matters
- Best Places to Live 2010 – City details: Lakewood, OH
- Which Cities Have the Best and Worst Commutes?
- OH Auto & Home Insurance Agent Lindsay Perrico – State Farm®
- Cheap Car Insurance Quotes in Ohio Starting at $36
- Cheap Car Insurance in Ohio: Get Best Rate (September 2024)
- Best Car Insurance in Cleveland, OH (2024) – Policygenius
- Articles – Insurance Cleveland
- DEE Auto Insurance Lakewood, OH | Call (888) 584–8783 For Auto Insurance
- Average car insurance cost in Cleveland, OH [Compare Rates]
1 Comment
In conclusion, Lakewood, Ohio drivers have many car insurance options. Companies like DEE Auto Insurance offer good rates and a lot of coverage choices. By knowing what affects premiums, like age, vehicle type, and discounts, people in Lakewood can pick the best policy for their needs and budget.