If you live in Lakewood, Ohio and are looking for cheap car insurance, you’ve come to the right spot. On average, Lakewood drivers pay about $113.91 a month for car insurance. This is less than the national average of $167.68 a month. This guide will show you how to get the best car insurance rates in Lakewood. We’ll look at the top providers, what affects your premiums, and how to cut your costs.
Key Takeaways
- Lakewood drivers pay around $113.91 per month for car insurance, lower than the national average.
- Top insurers in Lakewood include Clearcover, Safeco, and State Farm.
- Factors like age, driving record, and credit score can impact car insurance rates in Lakewood.
- Comparing quotes and taking advantage of discounts are effective ways to find affordable car insurance in Lakewood.
- Understanding coverage options like liability, collision, and comprehensive can help Lakewood residents make informed decisions.
Average Car Insurance Rates in Lakewood
In Lakewood, Ohio, the average car insurance rate is $113.91 per month. This is higher than Ohio’s average but lower than the national average. The cost changes based on driving history, claims history, vehicle type, age, and location.
Comparing Lakewood’s Rates to National and State Averages
Lakewood’s car insurance rates are higher than Ohio’s average but lower than the national average. The average cost for a full-coverage policy in Ohio is $1,660 per year or $138 per month. Minimum coverage costs $511 per year or $43 per month. Ohio is one of the cheapest states for car insurance, with rates lower than nearby states.
Factors Affecting Car Insurance Premiums in Lakewood
Several factors can change car insurance rates in Lakewood, including:
- Driving history: Drivers with a clean record and no accidents or violations typically pay lower rates.
- Claims history: Drivers who have filed fewer claims in the past tend to have lower premiums.
- Vehicle type: The make, model, and age of the vehicle can affect insurance costs.
- Age: Younger and older drivers often pay higher rates compared to those in their 30s and 40s.
- Location: Insurance rates can vary within Lakewood, depending on the specific zip code and neighborhood.
By understanding these factors and comparing rates from different insurers, such asClearcover, Safeco, and State Farm, Lakewood drivers can find more affordable car insurance options that meet their needs.
Top Insurance Providers in Lakewood
Lakewood, Ohio, has many top car insurance companies. They offer great rates and lots of coverage options. Some of the best include Clearcover, Safeco, and State Farm.
Clearcover: Most Affordable Option
Clearcover is often the cheapest in Lakewood, costing about $60.14 a month. This company uses advanced tech to offer low-cost policies. Drivers looking to save money often choose Clearcover.
Other Top Insurers: Safeco, State Farm, and More
Clearcover isn’t the only affordable choice in Lakewood. Safeco offers rates around $77.81 a month. State Farm, a big name in insurance, costs about $79.08 a month here. SafeAuto and Buckeye Insurance Group also offer good options, at $85.85 and $94.92 a month, respectively.
When looking for the best car insurance companies lakewood oh or the cheapest car insurance lakewood, it’s smart to compare quotes. This way, you can find the right coverage for your budget and needs.
How to Get Cheap Car Insurance Quotes in Lakewood OH
Getting affordable car insurance in Lakewood, Ohio, is easier than you think. By following a few steps, drivers can get cheap car insurance quotes and lower their monthly costs. Here are some tips to help Lakewood residents find the best coverage at great rates.
Tips for Lowering Premiums
- Take advantage of available discounts, such as those for good driving records, safe vehicles, or bundling multiple policies.
- Consider increasing your deductibles, which can significantly reduce your monthly payments.
- Shop around and compare car insurance quotes from multiple providers to find the most competitive rates.
- Maintain a clean driving history by obeying traffic laws and avoiding accidents or violations.
- Choose a vehicle with safety features and a lower risk of theft, as these factors can positively impact your insurance rates.
Importance of Comparing Quotes
In Lakewood, car insurance premiums can vary a lot based on the provider, your driving record, and the coverage you pick. By comparing car insurance quotes from different sources, you can make sure you’re getting a good deal. This simple step can save you a lot of money, sometimes up to hundreds of dollars a year.
“Comparing car insurance quotes is one of the most effective ways to lower your premiums in Lakewood. The difference in rates between providers can be substantial, so it’s crucial to shop around and find the best fit for your needs and budget.”
By using these strategies and comparing car insurance quotes in Lakewood, drivers can save a lot and feel more secure on the road to affordable coverage.
Minimum Insurance Requirements in Ohio
In Ohio, drivers must have a certain level of auto insurance to legally drive. The ohio car insurance minimum requirements are:
- Bodily injury liability coverage of $25,000 per person and $50,000 per accident
- Property damage liability coverage of $25,000 per accident
In Lakewood, Ohio, drivers must meet or beat these lakewood oh minimum car insurance coverage levels. Not having enough insurance can lead to losing your license and having your car taken away.
While the state’s minimums offer basic protection, it’s smart to think about extra coverage. Options like collision, comprehensive, and uninsured/underinsured motorist protection can give you more financial safety in accidents or other car issues.
“Carrying the minimum car insurance required by law in Ohio is essential, but it’s also important to evaluate your individual needs and consider higher coverage limits to ensure you’re adequately protected on the road.”
Knowing the ohio car insurance minimums and looking at your options helps drivers in Lakewood be ready for unexpected events. It also keeps you in line with state laws.
Lakewood Car Insurance Rates by ZIP Code
Looking for the cheapest car insurance in Lakewood, OH? Your ZIP code matters a lot. Rates change a lot across the city. This is because crime rates and other local risks affect your premium.
The average car insurance rate in the 44107 ZIP code of Lakewood is $113.91 per month. But, rates can be different in other areas of Lakewood. This depends on what’s special about each place.
| Lakewood ZIP Code | Average Monthly Car Insurance Rate |
|---|---|
| 44107 | $113.91 |
| 44102 | $118.45 |
| 44111 | $104.23 |
| 44116 | $109.87 |
To get the cheapest car insurance rates in Lakewood by zip code, compare quotes from many insurers. Your driving record, age, and the car you drive also affect your costs.
Knowing the car insurance rates by zip code in Lakewood, OH helps you make a smart choice. You can find coverage that meets your needs and budget.
Impact of Age on Car Insurance Quotes in Lakewood OH
In Lakewood, Ohio, age affects car insurance rates a lot. Younger drivers usually pay more for insurance than older drivers. This is because they are seen as more likely to be in accidents.
Rates for Teenage Drivers
Teenagers in Lakewood, OH, pay about $409.85 per month for car insurance. They pay the most because they are more likely to be in accidents and drive more recklessly.
Rates for Drivers in Their 20s, 30s, and Beyond
As drivers age, their insurance rates go down. For 20-year-olds, the average monthly premium is $139.40. By the time they are 30, it’s $91.53 per month. And for 40-year-olds, it’s even lower at $84.27 per month.
This trend keeps going as drivers get into their 50s, 60s, and beyond. Rates keep dropping because they have more experience and are seen as less risky.
| Age Group | Average Monthly Car Insurance Premium |
|---|---|
| Teenage Drivers | $409.85 |
| 20-year-olds | $139.40 |
| 30-year-olds | $91.53 |
| 40-year-olds | $84.27 |
Knowing how age affects car insurance rates in Lakewood, OH helps drivers make better choices. They can find ways to lower their premiums as they get older.
Car Insurance Quotes for High-Risk Drivers in Lakewood
Drivers in Lakewood, Ohio, who have had accidents, gotten tickets, or have poor credit, will pay more for car insurance. A speeding ticket can increase rates by up to 20%. An at-fault accident can raise them by 45%. And a DUI can increase them by 64% on average. But, some companies like Erie and Progressive might offer cheaper options for high-risk drivers in Lakewood.
Rates for Drivers with Accidents or Violations
Drivers with a history of accidents or traffic violations will see big jumps in their car insurance costs. A speeding ticket can increase rates by about 20%. An at-fault accident can lead to a 45% hike. And a DUI can cause rates to jump by 64% on average.
Options for Drivers with Poor Credit
In Ohio, finding car insurance for bad credit is tough because insurers use credit history to set rates. Drivers with low credit scores may struggle to find affordable coverage. But, some companies, like Progressive, are more understanding. They might offer car insurance for high-risk drivers lakewood at better rates.
| Violation | Average Rate Increase |
|---|---|
| Speeding Ticket | 20% |
| At-Fault Accident | 45% |
| DUI | 64% |
High-risk drivers in Lakewood should shop around to find the best and most affordable car insurance. By comparing car insurance rates for drivers with accidents lakewood, they can find good options. Working with reputable insurers and improving their driving or credit can also help lower their premiums over time.
Car Insurance Quotes in Lakewood OH Based on Vehicle Type
In Lakewood, OH, the type of vehicle you drive affects your car insurance rates. Newer, safer, and less expensive cars usually cost less to insure. This means you could save money if you have a newer car.
For instance, driving a 2023 Kia Forte might cost you about $104.34 a month for insurance. But, if you have a 2011 Ford Fusion, you could pay around $657.17 a month. This shows how important it is to think about your car’s make, model, and year when looking for insurance.
| Vehicle Model | Average Monthly Insurance Cost |
|---|---|
| 2023 Kia Forte | $104.34 |
| 2011 Ford Fusion | $657.17 |
| 2018 Toyota Camry | $143.21 |
| 2015 Honda Civic | $198.65 |
| 2020 Subaru Outback | $175.89 |
Knowing how different vehicles affect car insurance rates in Lakewood, OH, helps you make better choices. It’s smart to consider how your car impacts insurance costs. This way, you can find the best car insurance in Lakewood and lower your monthly payments.
Discounts and Bundling Options for Lakewood Residents
Car insurance can be a big expense for people in Lakewood. But, there are ways to save money. By using discounts and bundling options, you can lower your costs and get better coverage.
One way to save is through safe driving discounts. Insurers give discounts to drivers with clean records and no recent accidents. They also offer discounts for drivers who take a defensive driving course. Plus, students with good grades can get discounts too.
Another way to save is by bundling your car insurance with other policies. Car insurance bundling lakewood can give you big discounts. This is great for car insurance discounts lakewood oh residents who own a home or rent an apartment.
| Discount Type | Potential Savings |
|---|---|
| Safe Driving Discount | Up to 20% |
| Good Student Discount | Up to 15% |
| Multi-Policy Discount | Up to 15% |
It’s key to look at all discounts and bundling options to get the best car insurance discounts lakewood oh. By comparing quotes and exploring different plans, Lakewood residents can find affordable and comprehensive car insurance.
“Bundling my car insurance with my homeowner’s policy saved me over $500 per year. I highly recommend looking into all the discount opportunities available in Lakewood.”
car insurance quotes in lakewood oh
Comparing Quotes from Local Agents
Looking for the cheapest car insurance quotes in Lakewood, OH means checking out different local agents and companies. Insurance prices can change a lot between companies. So, Lakewood drivers should look at many options to find the best deal.
In Lakewood, drivers can pick from top insurance companies like Clearcover, Safeco, and State Farm. Clearcover is the cheapest at $60.14 a month, then Safeco at $77.81, and State Farm at $79.08. By looking at these quotes, drivers can make sure they’re getting a good deal.
| Insurance Provider | Average Monthly Rate |
|---|---|
| Clearcover | $60.14 |
| Safeco | $77.81 |
| State Farm | $79.08 |
It’s not just about the price. Lakewood drivers should know the minimum insurance laws in Ohio. These laws require $25,000 in bodily injury coverage per person, $50,000 per accident, and $25,000 for property damage. By meeting these laws and looking at more coverage options, Lakewood residents can find a good mix of cost and protection.
“Comparing car insurance quotes from local agents is the best way to ensure you’re getting the most affordable coverage in Lakewood, Ohio. The rates can vary significantly, so it’s worth the time to shop around and find the right insurer for your needs.”
Understanding Your Car Insurance Policy
In Lakewood, OH, it’s key to know the various car insurance coverage types. Liability, collision, and comprehensive coverage are the main parts of a full car insurance policy.
Liability Coverage Explained
Liability coverage is the core of car insurance. It helps if you cause an accident, covering damages and injuries to others and their vehicle. In Ohio, this coverage is a must, making sure you’re financially ready for your driving mistakes.
Collision and Comprehensive Coverage
Collision and comprehensive coverage protect your car. Collision coverage helps when your car hits something else, like another car or a building. Comprehensive coverage covers damages not from a collision, like theft, vandalism, or natural disasters.
Knowing these coverages helps Lakewood drivers pick the right car insurance policy. It ensures they’re covered for accidents or unexpected events.
| Coverage Type | What It Covers | Typical Cost in Lakewood, OH |
|---|---|---|
| Liability | Damages and injuries to others if you’re at fault | $346 per year (minimum coverage) |
| Collision | Damage to your vehicle in a collision | $500 – $1,000 per year |
| Comprehensive | Non-collision-related damages, such as theft or natural disasters | $200 – $500 per year |
By learning about types of car insurance coverage in Lakewood, OH, drivers can choose wisely. They can find the right policy to protect themselves and their cars.
“Knowing the ins and outs of your car insurance policy can give you peace of mind and ensure you’re properly covered in the event of an accident or unexpected incident.”
Conclusion
Lakewood residents have many affordable car insurance choices. The average monthly rate here is lower than the national average. By comparing quotes and using discounts, drivers can find policies that fit their needs well.
Nationwide offers the cheapest car insurance in Lakewood, at $785 a year. Geico is close behind at $815 annually. Factors like age, driving record, and vehicle type affect insurance costs. So, it’s important for Lakewood drivers to shop around and look at all options to get the best rates.
Researching car insurance in Lakewood, OH, is key to finding the right coverage at a good price. By staying updated on trends and using resources, Lakewood residents can make smart choices. They can benefit from the competitive car insurance market in the city.
Source Links
- Cheap Car Insurance in Cleveland, Ohio
- Cheap car insurance in Ohio | Root Insurance
- Cheapest Car Insurance Companies in Cleveland, OH (2024 Rates)
- Cheapest Car Insurance in Ohio
- Ohio Car Insurance
- Home & Auto Insurance in Lakewood, OH | State Farm®
- Best Car Insurance in Ohio for 2024 | Bankrate
- Best Car Insurance in Ohio
- Auto, Home, Life, Commercial Insurance – Insurance Cleveland
- Cheap Car Insurance in Cleveland, OH, Starting at $43
- Cheap Car Insurance Rates in Lakewood, Ohio | SmartFinancial
- Ohio Car Insurance: Get a Quote
- Ohio Car Insurance Laws and Requirements (2024)
1 Comment
Lakewood residents have many affordable car insurance choices. The average monthly rate here is lower than the national average. By comparing quotes and using discounts, drivers can find policies that fit their needs well.