Finding affordable car insurance in Ohio is a big deal for many drivers. NerdWallet’s August 2024 study found the average cost of full coverage car insurance in Ohio is $1,214 yearly or $101 monthly. But, smart shoppers can often get cheaper rates by comparing quotes and using discounts.
To get the cheapest car insurance in Ohio, it’s important to shop around and compare quotes from different providers. By exploring various options, Ohio drivers can find the right coverage at a good price. Whether you need full coverage or just the minimum, there’s a plan out there for you.
Key Takeaways:
- The average cost of full coverage car insurance in Ohio is $1,214 per year.
- Drivers can find even cheaper rates by comparing quotes from multiple insurers.
- Taking advantage of available discounts can help lower car insurance costs in Ohio.
- Minimum coverage in Ohio costs an average of $335 per year.
- Shopping around is the best way to find the cheapest car insurance in Ohio.
Average Car Insurance Costs in Ohio
In Ohio, car insurance costs about $1,660 a year or $138 a month for full coverage. For minimum coverage, it’s around $511 a year or $43 a month, says Quadrant Information Services.
But, car insurance rates in Ohio can change a lot. This depends on your age, driving record, credit score, and where you live in the state. Young drivers in their 20s might pay about $1,018 a year. Those 60 and older pay an average of $783 a year.
| Coverage Type | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Full Coverage | $1,660 | $138 |
| Minimum Coverage | $511 | $43 |
The type of car also affects the cost. For a 2012 model, full coverage costs about $775 a year. For a 2022 model, it’s $1,013 a year.
To get the best rates, Ohio drivers should shop around and compare quotes. They should also look for discounts. Knowing the average costs helps drivers make smart choices and find the right coverage for their budget.
Cheapest Car Insurance Companies in Ohio
Looking for the cheapest car insurance in Ohio? Several top providers are great choices. Nationwide, Erie Insurance, Geico, Auto-Owners, and USAA are the most affordable.
Hastings Mutual – Cheapest Full Coverage
Hastings Mutual is the cheapest for full-coverage insurance in Ohio, at just $720 a year. USAA is also very affordable for military members and their families. It offers great rates for liability and full-coverage insurance.
The average cost for full-coverage car insurance in Ohio is $1,497. For minimum coverage, it’s $400. USAA is the best choice for drivers with past incidents or young drivers. It offers the cheapest rates.
| Insurance Company | Average Annual Cost for Minimum Coverage | Average Annual Cost for Full Coverage |
|---|---|---|
| Nationwide | $226 | $490 |
| Erie Insurance | $263 | $658 |
| Geico | $290 | $770 |
| Auto-Owners | $304 | $712 |
| USAA | $233 | $420 |
| Hastings Mutual | $289 | $720 |
By looking at these cheapest car insurance companies in Ohio, best car insurance companies ohio, and top rated car insurance companies ohio, drivers can find affordable coverage. This helps meet their needs and budget.
How to Find cheapest car insurance ohio
Finding the cheapest car insurance in Ohio is easy with a little effort. Start by comparing quotes from several insurers. Make sure to get at least 3-5 different quotes to find the best rate for your needs. Ohio drivers can save up to $1,343 per year by comparing and choosing wisely.
It’s also key to look for discounts. Discounts can come from bundling auto with home insurance, being a safe driver, or having good credit. Ohio drivers can often qualify for additional discounts on car insurance by taking these steps.
- Compare quotes from at least 3-5 different insurance companies
- Look for discounts such as bundling, safe driving, and good credit
- Maintain continuous coverage to avoid higher rates
By following these tips, Ohio drivers can find affordable car insurance that fits their budget and needs. Exploring different options and using discounts can lead to big savings on auto insurance in Ohio.
“The average cost of Ohio car insurance is $1034 per year, with Root customers saving up to $900 annually on their car insurance.”
Comparing Quotes is Key
Comparing quotes from various insurers is a great way to find the cheapest car insurance in Ohio. Ohio drivers can save up to $1,343 per year by shopping around and choosing wisely.
When comparing, think about coverage levels, deductibles, and discounts. By exploring different options, Ohio drivers can find a policy that offers the right protection at a good price.
Cheapest Insurance for Teen Drivers
16-Year-Olds
Teen drivers in Ohio pay much more for car insurance than older drivers. The average yearly cost for full coverage for a 16-year-old is $4,732 or $394 monthly. Erie Insurance offers the cheapest full-coverage rates at $1,693 yearly or $141 monthly. For minimum coverage, Erie is also the top choice at $382 yearly or $32 monthly.
High insurance costs for teen drivers in Ohio come from being seen as a higher risk. Young drivers don’t have the driving history or credit score to lower rates. This makes their premiums go up.
- Age is a big factor, with rates dropping a lot as drivers get more experience. Rates go down by 9% when turning 19 and another 6% when turning 21.
- Gender also matters, with female teen drivers usually paying less for insurance.
- Keeping a good driving record and good grades can lead to discounts, like the good student and driver education discounts.
For cheap car insurance for teens ohio, adding your teen to your policy can be cheaper than a standalone policy. To find affordable auto insurance for young drivers ohio, compare quotes from different insurers and use discounts when possible.
| Insurance Provider | Annual Premium for 16-Year-Old | Monthly Premium for 16-Year-Old |
|---|---|---|
| Erie Insurance | $1,693 | $141 |
| State Farm | $5,368 | $447 |
| Geico | $5,049 | $421 |
| Nationwide | $5,285 | $440 |
For car insurance for 16 year olds in ohio, parents need to actively look for affordable options. This ensures their teen driver is covered without spending too much.
Cheapest Insurance for Young Adult Drivers
Young adults in Ohio are looking for affordable car insurance. Luckily, many insurance companies offer great rates for this age group.
For 21-year-old drivers, Nationwide is the best choice for full coverage. It costs about $1,390 a year or $116 a month. Travelers is the cheapest for minimum coverage at $582 a year or $48 a month.
By age 25, the insurance options change. Nationwide still has the best full-coverage rates in Ohio, costing $965 a year or $80 a month. Erie is the top pick for minimum coverage at $363 a year or $30 a month.
| Age | Full Coverage | Minimum Coverage |
|---|---|---|
| 21 years old | Nationwide: $1,390 per year ($116/month) | Travelers: $582 per year ($48/month) |
| 25 years old | Nationwide: $965 per year ($80/month) | Erie: $363 per year ($30/month) |
Young adult drivers in Ohio can find affordable insurance by understanding the options. Knowing about affordable car insurance for young adults ohio, cheap auto insurance for 20s ohio, and car insurance rates for 18-25 year olds in ohio helps them make smart choices. They can get the coverage they need without breaking the bank.
Insurance Costs by Driving Record
Your driving record is key when insurance companies set your car insurance rates in Ohio. Drivers with no accidents or tickets pay the least. But, those with speeding tickets, DUIs, or accidents pay more.
An Ohio driver with a recent accident might see their rates go up by 30-50%. Bankrate says high-risk drivers pay about $678 a year with American Family. This is 26% more than for regular drivers.
| Insurance Company | Annual Premium for High-Risk Drivers |
|---|---|
| American Family | $678 |
| Esurance | $1,626 |
A DUI in Ohio can affect your insurance rates for up to six years. The state looks back six years for these offenses. So, a DUI will keep raising your insurance costs for years.
“High-risk drivers in Ohio pay an average of $1,070 per year for car insurance, which is $298 more than what low-risk drivers pay. This translates to a 39% higher premium for high-risk drivers.”
Keeping your driving record clean is key to low insurance costs in Ohio. Avoiding accidents, tickets, and DUIs can save you hundreds yearly on insurance.
Impact of Credit Score on Rates
In Ohio, your credit score can really affect your car insurance rates. Insurance companies use credit scores to help figure out your premiums. People with high credit scores are seen as less risky and get lower rates. Those with poor credit might end up paying a lot more.
Ohio drivers with excellent credit pay 31% less for full-coverage policies than those with poor credit. The average annual premiums vary by credit rating: poor credit – $4,801, average credit – $2,769, good credit – $2,542, and excellent credit – $2,200.
| Credit Rating | Average Annual Full Coverage Premium |
|---|---|
| Poor Credit | $4,801 |
| Average Credit | $2,769 |
| Good Credit | $2,542 |
| Excellent Credit | $2,200 |
When figuring out your credit score for insurance, they look at things like bankruptcy, past payments, and how long you’ve had credit. They also consider if you own a home, how often you check your credit, your credit types, and your debt. In Ohio, insurers can’t just use your credit score to decide on policies or rates.
To better your credit score for insurance, pay bills on time, cut down on what you owe, and don’t open too many new credit lines. Talk to your insurer about your situation. It’s also key to check your credit reports for mistakes and report any errors to the credit bureaus.
“Excellent credit can save you hundreds, even thousands, on your car insurance in Ohio. But poor credit can really cost you – drivers with bad credit may pay over 115% more than those with the best credit.”
Minimum Insurance Requirements in Ohio
In Ohio, drivers must have a certain level of liability insurance to legally drive. This means you need:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
These Ohio minimum car insurance requirements are the basic coverage you must have. But, it’s wise to get more coverage to protect yourself and your stuff if you’re in an accident.
The average monthly cost for state minimum car insurance in Ohio is about $30. For drivers aged 22-29, the yearly cost is around $436. For those 30-59, it’s $360, and for drivers 60 or older, it’s $372. The cheapest options for minimum coverage car insurance in Ohio are Nationwide and American Family, costing $226 and $249 a year, respectively.
Ohio doesn’t require collision or comprehensive insurance, but you can add coverages like uninsured/underinsured motorist, medical payments, and rental reimbursement. These options offer extra protection beyond the state minimum coverage for auto insurance Ohio. They might cost more but can be very helpful if you’re in an accident.
If you’re caught driving without insurance in Ohio, you could face serious penalties. These include having your car towed, losing your registration and license, paying reinstatement fees, needing an SR-22, and even going to jail. For those who are high-risk, the Ohio Automobile Insurance Plan (OAIP) is an option to get the required mandatory car insurance limits Ohio.
Benefits of Full Coverage Insurance
In Ohio, drivers must have at least liability insurance. But, getting a full-coverage auto insurance policy offers more protection and peace of mind. This policy includes liability, collision, and comprehensive coverage. It helps pay for damages to your car in accidents or non-collision events like theft or weather damage.
Full coverage costs more at first, but it can save drivers thousands if they’re in a serious accident or their car gets totaled. This makes it a smart choice, especially for those who use their car every day.
| Coverage Type | What It Covers |
|---|---|
| Liability | Damages to other vehicles and injuries to other parties in an accident you’re found at fault for |
| Collision | Damage to your own vehicle in a collision, regardless of fault |
| Comprehensive | Damage to your vehicle from events like theft, vandalism, or natural disasters |
Thinking about the advantages of full coverage car insurance in Ohio means looking at the risks and costs of accidents or incidents. Full coverage insurance can cover repair or replacement costs, making it a smart choice for many Ohio drivers.
“Full coverage auto insurance can be a valuable investment for Ohio drivers, as it provides comprehensive protection beyond the state’s minimum liability requirements.”
Overall, getting full coverage auto insurance in Ohio is often a good idea. It protects drivers from big financial losses if they’re in an accident or another covered event. By knowing the benefits of full coverage insurance, Ohio drivers can choose what’s best for their driving needs and budget.
Tips for Saving on Car Insurance
Finding cheap car insurance in Ohio is easier than you think. Just follow a few simple steps to save a lot on your auto coverage. Here are some tips to help you cut down your insurance costs in Ohio.
Compare Quotes
Start by comparing quotes from different insurance companies. This helps you find the best rates for your needs. Prices can change a lot, so it’s key to shop around to get the cheapest car insurance in Ohio.
Take Advantage of Discounts
Don’t forget to use any discounts you can get to lower your insurance costs. You might save for being a careful driver, having a clean record, or bundling policies. Even signing up for usage-based insurance could help.
Consider Usage-Based Insurance
Usage-based insurance tracks how you drive through an app or device. It can save you a lot if you drive less or drive safely. By showing you’re a responsible driver, you could lower your auto insurance costs in Ohio a lot.
| Discount Type | Average Savings |
|---|---|
| Bundling Auto and Home Insurance | 14% |
| Multi-Car Insurance | Up to 25% |
| Safety Equipment (Anti-lock Brakes, Airbags, etc.) | Up to 40% |
| Good Driver Discount | Up to 26% |
| Usage-Based Insurance | Up to 40% |
By using these tips, Ohio drivers can find affordable car insurance and save a lot on their coverage costs.
“I was able to save over $500 a year on my car insurance by comparing quotes and taking advantage of discounts. It’s amazing how much you can save by being a savvy consumer.”
The Role of Location in Insurance Costs
Where you live in Ohio affects your car insurance rates. Drivers in cities like Columbus or Cleveland often pay more than those in rural areas. This is because cities have more accidents, theft, and vandalism, making insurance costs higher.
The Ohio Department of Insurance says location is a big factor in car insurance prices. Insurers look at accident and theft rates in your ZIP code to set your premium. So, Ohio drivers should check rates for their area to find the best deals.
| Location | Average Annual Full Coverage Premium |
|---|---|
| Ohio (statewide average) | $1,529 |
| Urban areas (e.g., Columbus, Cleveland) | $1,750 |
| Rural areas | $1,300 |
These numbers show that car insurance costs vary across Ohio. Urban drivers pay more than those in rural areas. This highlights the need to think about location when looking for cheap car insurance.
Your location in Ohio greatly affects your car insurance rates. Knowing these differences helps drivers make better choices. They can find affordable coverage that suits their needs.
Conclusion
Ohio drivers can find some of the cheapest car insurance in the country. By shopping around and using discounts, Ohio consumers can get affordable car insurance. It’s important to compare quotes from different insurers to find the best rates for your needs.
Ohio’s competitive insurance market makes it easy to find low-cost car insurance. With the right resources and tools, Ohio residents can make smart choices. They can get the cheapest car insurance that meets their budget and protection needs.
In summary, Ohio offers many chances for consumers to save on car insurance. By researching and comparing options, Ohio drivers can get affordable auto coverage. This way, they can have peace of mind and protection tailored to their needs.
Source Links
- Don’t Overpay: Cheap Car Insurance in Ohio for September 2024 – NerdWallet
- Cheapest Car Insurance in Ohio
- How Much Is Car Insurance in Ohio? (August 2024)
- Average Car Insurance Costs in Ohio | SmartFinancial
- Cheapest Car Insurance in Ohio for 2024 | Bankrate
- Cheapest Car Insurance in Ohio (August 2024)
- Cheapest Car Insurance in Ohio (September 2024)
- Cheap car insurance in Ohio | Root Insurance
- Car Insurance for Teens & Young Drivers
- Best and cheapest car insurance for teens and young drivers
