Finding the right car insurance Ohio at a good price is key for many drivers. Luckily, there are many options to help you get the protection you need without spending too much.
The average cost of full coverage car insurance in Ohio is $1,214 a year, or $101 a month. But, by comparing quotes, you can find cheaper options. For example, Hastings Mutual offers the cheapest full coverage in Ohio at $720 a year as of August 2024.
If you’re looking for the cheapest option, minimum liability coverage in Ohio costs about $335 a year or $28 a month. This is perfect for drivers who just need to meet the state’s insurance requirements without extra coverage.
Key Takeaways
- The average cost of full coverage car insurance in Ohio is $1,214 per year or $101 per month.
- Minimum liability coverage in Ohio averages $335 per year or $28 per month.
- Hastings Mutual offers the cheapest full coverage in Ohio at an average of $720 per year.
- There are significant variations in car insurance rates among providers in Ohio.
- Shopping around and comparing quotes can help you find the most affordable coverage for your needs.
Cheapest Car Insurance Companies in Ohio
Looking for affordable car insurance in Ohio? Several insurers are known for being the cheapest. NerdWallet lists the top and most affordable car insurance companies in Ohio as Nationwide, Erie Insurance, Geico, Auto-Owners, and USAA.
Nationwide has the lowest average full coverage rate at just $860 per year. This makes it one of the cheapest car insurance companies in Ohio. USAA offers the cheapest minimum coverage at $286 per year. But, your driving record, age, and credit score can change how much you pay.
| Insurance Company | Average Full Coverage Rate | Average Minimum Coverage Rate |
|---|---|---|
| Nationwide | $860 | $323 |
| Erie Insurance | $932 | $325 |
| Geico | $1,003 | $340 |
| Auto-Owners | $1,013 | $341 |
| USAA | $964 | $286 |
By comparing quotes from these top rated car insurance companies in Ohio, drivers can find affordable coverage. Knowing what affects insurance rates helps you get the best deal on your policy.
Average Cost of Car Insurance in Ohio
Ohio drivers pay less for car insurance than the national average. The average car insurance cost in Ohio is $1,497 per year for full coverage and $400 per year for minimum liability coverage. This means about $125 per month for full coverage and $33 per month for minimum coverage.
Minimum Liability Coverage
In Ohio, you must have liability coverage for bodily injury and property damage. This basic level of coverage costs Ohio drivers an average of $400 per year or $33 per month. This is much cheaper than the national average of $633 per year.
Full Coverage
For more protection, the average cost of full coverage car insurance in Ohio is $1,497 per year or $125 per month. This includes liability, collision, and comprehensive coverage. It protects both your vehicle and others in an accident. Ohio’s full coverage rate is about 36% lower than the national average of $2,329 per year.
Car insurance rates in Ohio can change based on your age, driving record, credit score, and where you live. Young drivers, those with bad driving records, and city residents might pay more.
Car Insurance Ohio: Cost by Age and Profile
In Ohio, your age and driver profile greatly affect your car insurance rates. For example, 16-year-olds pay an average of $7,581 per year for full coverage. On the other hand, 25-year-olds pay about $2,336 annually.
Car insurance costs in Ohio follow an unusual pattern. Young and old drivers usually pay the most. Teens and seniors are seen as higher risk, which raises their insurance costs. Drivers in their 30s, 40s, and 50s often get the best rates, with costs between $1,923 and $2,008 a year.
| Age Group | Average Annual Cost |
|---|---|
| 16 years old | $7,581 |
| 25 years old | $2,336 |
| 35 years old | $2,008 |
| 45 years old | $1,923 |
| 55 years old | $1,767 |
Your driving history and credit score also affect your insurance rates in Ohio. Drivers with clean records and good credit pay less. Those with accidents or poor credit pay more.
Many factors influence car insurance costs in Ohio. It’s key to compare quotes from different providers to find the right coverage for your budget and needs.
Cheapest Car Insurance for Teen Drivers in Ohio
Finding cheap car insurance for teen drivers in Ohio can be tough. But, there are ways to get the best rates. Erie Insurance offers the cheapest full coverage for 16-year-olds at $1,693 a year or $141 a month. This is much lower than the Ohio average of $4,732 a year or $394 a month.
16-Year-Olds
For basic liability coverage, Erie is also the top choice at $384 a year or $32 a month. This is much cheaper than Ohio’s average of $2,059 a year or $172 a month. By using discounts, driving safely, and choosing the right coverage, teens in Ohio can get cheap car insurance for teen drivers ohio and cheapest car insurance for 16 year olds ohio.
| Coverage Type | Erie Insurance | Ohio State Average |
|---|---|---|
| Full Coverage | $1,693 per year ($141 per month) | $4,732 per year ($394 per month) |
| Minimum Liability | $384 per year ($32 per month) | $2,059 per year ($172 per month) |
“By adding a teen to the parent’s car insurance policy, they have access to the same protection and coverages as the parent, often at a lower cost than a separate policy.”
Cheapest Car Insurance for Young Adult Drivers in Ohio
When young adults in Ohio turn 21, they see car insurance rates drop. For 21-year-olds, Nationwide has the cheapest full coverage at $1,390 a year or $116 a month. This is lower than the state average of $2,837 a year or $236 a month. For minimum coverage, Travelers offers the best rates at $582 a year or $48 a month.
Several factors affect the cost of car insurance for young adults in Ohio. These include driving history, credit score, vehicle type, and coverage levels. Each of these can change the price of insurance for young drivers.
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Travelers | $582 per year | $1,772 per year |
| Nationwide | $651 per year | $1,390 per year |
| American Family | $686 per year | $1,522 per year |
Young adult drivers in Ohio can find affordable insurance by comparing quotes from different insurers. Discounts like good student, safe driver, or bundling can also lower costs.
“Finding the right car insurance as a young adult in Ohio can be a challenge, but by doing your research and taking advantage of discounts, you can secure affordable coverage that fits your budget.”
car insurance ohio: Cheap Options for Seniors
Affordable car insurance for seniors in Ohio is offered by top companies. We found that Nationwide has the cheapest full coverage for 65-year-old drivers at $1,402 a year or $117 a month. This is lower than the state average of $1,963 a year or $164 a month.
USAA is another great choice for seniors aged 65, with an average cost of $1,455 a year. Travelers also offers a good deal, with rates around $1,668 a year for seniors.
| Insurance Provider | Average Annual Cost for 65-Year-Old Drivers |
|---|---|
| Nationwide | $1,402 |
| USAA | $1,455 |
| Travelers | $1,668 |
For seniors aged 70, Nationwide is still a top pick, offering full coverage at $1,410 a year. USAA is also a good choice, with full coverage at $1,416 a year.
“USAA is the best choice for seniors aged 70 seeking only minimum coverage, with an average cost of $413 per year.”
Seniors in Ohio with driving violations like speeding tickets or DUIs can still get affordable insurance. Progressive offers the cheapest rate of $2,268 a year for 70-year-old drivers with a DUI. State Farm and Nationwide are also good options.
Seniors in Ohio have many providers and options to choose from. They can find affordable car insurance solutions that fit their needs and budgets.
Impact of Driving Record on Car Insurance Rates
Your driving record is key to your car insurance rates in Ohio. Drivers with no accidents or tickets pay less for insurance. On average, a clean record costs about $1,963 a year for full coverage. But, if you have an at-fault accident, you’ll pay around $2,956 a year, almost $1,000 more.
Clean Record vs. At-Fault Accident
Having an at-fault accident can really raise your car insurance costs in Ohio. Drivers with no accidents pay about 33% less for full coverage than those with accidents. Keeping a safe driving record is key to keeping your insurance rates low.
Other issues like speeding tickets, distracted driving, and DUI can also raise your insurance rates. Speeding tickets can increase your rates by 21%. A DUI conviction can lead to a 111% hike in your annual premiums.
Keeping a clean driving record is vital to affordable insurance costs in Ohio. Being a safe and responsible driver helps avoid the high costs of accidents and tickets.
How Credit Score Affects Car Insurance Costs in Ohio
In Ohio, your credit score greatly affects your car insurance rates. Drivers with high credit scores get lower premiums. Those with poor credit pay more.
Our data shows that Ohio drivers with excellent credit (800+) pay about $1,675 a year for full coverage. Those with poor credit (under 600) pay $2,251 a year, which is over $575 more.
Ohio insurance companies use credit scores to help set premiums for auto, homeowners, or personal liability insurance. They look at payment history, credit history length, debt, and credit types.
- Insurers must tell Ohio people if they use credit history for setting insurance rates.
- To improve your score, pay bills on time, reduce debt, and limit new credit applications.
- Check your credit reports often, as insurance scores can be different from your regular credit scores.
Knowing how your credit score affects car insurance costs in Ohio is key when looking for good rates. Keeping a good credit score can save you hundreds on your car insurance each year.
“Insurers use a credit-based insurance score to provide fair and appropriate rates to customers. Key factors in determining the score include payment history, length of credit history, and types of credit used.”
Ohio Car Insurance Laws and Requirements
In Ohio, drivers must follow certain car insurance laws and have the right coverage to legally drive. Ohio law says all drivers must have a basic level of insurance. This includes $25,000 for bodily injury per person, $50,000 for bodily injury in an accident, and $25,000 for property damage.
While the state requires a minimum coverage, it’s wise for Ohio drivers to choose higher limits or full coverage. This gives better financial protection if you’re in an accident. The minimum coverage might not be enough to cover all costs.
Ohio also offers other options besides traditional car insurance. You can use a $30,000 certificate with the State Treasurer, a $30,000 bond, self-insurance for over 25 vehicles, or a $30,000 bond from an approved surety or insurance company.
Driving without the needed ohio car insurance coverage requirements is illegal in Ohio. It can lead to serious penalties like losing your license and paying reinstatement fees. The state’s ohio car insurance laws make sure drivers are financially responsible. They help cover the costs of accidents.
Ohio drivers should know and follow the state’s car insurance laws and requirements. This helps avoid legal trouble and keeps your finances safe on the road.
Tips for Finding Cheap Car Insurance in Ohio
Finding car insurance in Ohio that’s easy on the wallet is possible. Just follow a few easy steps, and you could save a lot on your premiums.
Shop Around and Compare Quotes
To get cheap car insurance in Ohio, start by comparing quotes from different companies. Rates can change a lot, even for the same driver. It’s smart to get quotes from 3-5 insurers to find the best deal.
- Compare coverage levels and discounts offered by different companies.
- Consider raising your deductible to lower your monthly premium.
- Maintain a clean driving record and good credit score to qualify for the best rates.
By taking the time to compare car insurance in Ohio, you can save hundreds on your yearly premiums.
“Shopping around and comparing quotes is the best way to save on car insurance in Ohio. You’d be surprised how much the rates can vary between providers.”
Other ways Ohio drivers can get cheap car insurance include:
- Look for available discounts, such as those for good drivers, students, and military members.
- Consider raising your deductible to lower your monthly premium.
- Maintain a clean driving record and good credit score to qualify for the best rates.
By using these tips, Ohio drivers can find affordable car insurance that keeps them safe on the road.
Factors that Affect Car Insurance Rates in Ohio
Car insurance rates in Ohio are affected by more than just your driving record and credit score. Your age, the type of vehicle you drive, and your marital status and educational level all play a role. Where you live in Ohio can also change your insurance costs, as rates vary by city or region.
How much you drive each year is another important factor. The more you drive, the more you’ll likely pay for insurance. This is because driving more means you’re on the road more, which increases your risk of accidents or incidents. Insurers use this to figure out how risky you are.
- Age: Young and older drivers usually pay more for insurance because they’re seen as higher risk.
- Vehicle Type: Driving a sports car or luxury vehicle will cost more than a standard family sedan.
- Location: Rates are often higher in cities like Cincinnati or Cleveland compared to rural areas.
Knowing about these factors can help Ohio drivers lower their insurance costs. By being informed and shopping around, you can get the best coverage at a good price.
“Factors that impact car insurance rates in Ohio can seem complex, but being aware of them can help you make informed decisions to save money on your policy.”
Ohio insurers also look at your marital status, education level, and occupation when setting your rates. Being married, having a higher education, or certain jobs might get you discounts. By knowing what determines car insurance costs in Ohio, you can work to keep your premiums low.
Conclusion
Ohio drivers can find some of the cheapest car insurance rates in the country. By shopping around, using discounts, and keeping a clean driving record, Ohio residents can get affordable coverage. Factors like age, driving history, credit score, and coverage type affect rates. With smart choices, Ohio drivers can save a lot on their car insurance.
The article concludes that Ohio has a competitive insurance market. This means Ohio residents can find coverage that matches their budget and needs. There are many affordable options available, from basic liability to full coverage. By knowing what affects rates and acting on it, Ohio drivers can get the protection they need without spending too much.
In summary, the article shows that Ohio offers low-cost car insurance options. It’s important to shop around and consider personal factors that affect premiums. With the right strategy, Ohio drivers can find the best coverage at a good price.
Source Links
- Don’t Overpay: Cheap Car Insurance in Ohio for August 2024 – NerdWallet
- Cheapest Car Insurance in Ohio
- Cheapest Car Insurance in Ohio for 2024 | Bankrate
- Cheap car insurance in Ohio | Root Insurance
- Cheapest Car Insurance in Ohio (September 2024)
- Average Cost of Car Insurance in Ohio for 2024 | Bankrate
- How Much Is Car Insurance in Ohio? (August 2024)
- Car Insurance Rates by Age
- Best cheap car insurance in Ohio for 2024
- How much does car insurance cost in Ohio?
- How Much is Car Insurance For a 16-Year-Old in Ohio?
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