The vehicle model you are seeking coverage for is one of the main factors in finding cheap auto insurance for active military. Vehicles with lots of horsepower, poor crash test ratings, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models. The list below presents auto insurance premiums for some of the most cost-effective automobiles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,169 |
| Toyota Prius | $1,297 |
| Dodge Grand Caravan SE | $1,311 |
| Volkswagen Jetta 2.0T Station Wagon | $1,368 |
| GMC Sierra SL Extended Cab 2WD | $1,385 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,429 |
| Honda Civic EX 4-Dr Sedan | $1,434 |
| Ford Escape XLS 2WD | $1,434 |
| Honda CR-V LX 4WD | $1,443 |
| Toyota Corolla LE | $1,456 |
| Chevrolet Malibu LTZ | $1,483 |
| Ford F-150 XLT Crew Cab 2WD | $1,505 |
| Ford Explorer XLT 4WD | $1,514 |
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific zip code location which can alter insurance rates greatly.
Based upon the table data, vehicles like the Honda Accord, Toyota Prius, and Dodge Grand Caravan will be a few of the more affordable vehicles to insure for military personnel.
Finding out which companies offer the lowest-priced auto insurance rates for active military may require a little more work in order to find the best policy. Every insurance company uses their own formula for setting prices, so to begin we’ll rank the auto insurance companies with the most affordable rates in Toledo, OH.
Best Auto Insurance Prices for Military
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Erie | $667 |
| 3 | Frankenmuth | $687 |
| 4 | Allied | $690 |
| 5 | Travelers | $705 |
| 6 | USAA | $719 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $800 |
| 10 | General Casualty | $805 |
| 11 | Grange Mutual | $812 |
| 12 | Hastings Mutual | $858 |
| 13 | Central Mutual | $866 |
| 14 | State Farm | $894 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $946 |
| 17 | Auto-Owners | $958 |
| 18 | Western Reserve | $970 |
| 19 | Nationwide | $988 |
| 20 | Progressive | $991 |
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Utica National normally has some of the lowest car insurance rates in Toledo at around $628 annually. This is $412 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers are also some of the cheaper Toledo, OH car insurance companies.
As depicted above, if you have coverage with Erie and switched to Utica National, you might see an annual premium reduction of about $39. Ohio drivers with Frankenmuth might save as much as $59 a year, and Allied insureds might reduce rates by $62 a year.
Be aware that those prices are averages across all insureds and vehicles and do not factor in an exact vehicle garaging location for active military. So the insurer that fits your age and vehicle best may not even be in the top 33 companies in the list above. That point stresses why you need to compare prices as often as possible using your own individual information.
For military personnel, one of the largest criteria that determine the annual cost of car insurance is your address in Toledo. Cities with larger populations likely pay more, whereas more rural areas have the luxury of lower rates.
The next table lists the priciest cities in Ohio for active military to buy auto insurance in. Toledo makes the list at #2 with a yearly cost of $1,241 for car insurance, which is approximately $103 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Youngstown | $1,247 |
| 2 | Toledo | $1,241 |
| 3 | Cleveland | $1,235 |
| 4 | Cincinnati | $1,222 |
| 5 | Columbus | $1,211 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Hamilton | $1,146 |
| 8 | Euclid | $1,129 |
| 9 | Akron | $1,123 |
| 10 | Dayton | $1,108 |
| 11 | Canton | $1,102 |
| 12 | Newark | $1,095 |
| 13 | Fairfield | $1,063 |
| 14 | Springfield | $1,061 |
| 15 | Lakewood | $1,041 |
| 16 | Parma | $1,037 |
| 17 | Middletown | $1,035 |
| 18 | Strongsville | $1,031 |
| 19 | Beavercreek | $1,016 |
| 20 | Lorain | $1,015 |
| 21 | Kettering | $1,009 |
| 22 | Cuyahoga Falls | $997 |
| 23 | Mansfield | $992 |
| 24 | Mentor | $988 |
| 25 | Elyria | $965 |
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Price information shown is estimated as the garaging address in Toledo can influence price quotes noticeably.
Full coverage versus liability-only in Toledo
Lowering the price of auto insurance is the goal of the majority of people, and one common way to pay lower rates for insurance for active military is to not pay for full coverage. The chart below shows the comparison of auto insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no claims or violations, $500 deductibles, marital status is single, and no policy discounts are applied.
As an average, full coverage on your policy costs an additional $1,077 per year over having just liability coverage. Many people question when is it safe to stop buying full coverage. There is no clear-cut rule to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.
Drive safe and save
In a perfect world, the best way to maintain good auto insurance rates in Toledo for military personnel is to be an attentive driver and avoid getting tickets or having accidents. The information below demonstrates how traffic citations and at-fault fender-benders drive up insurance premiums for different age categories. The premiums assume a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
The data charted above shows the average cost of an auto insurance policy in Toledo per year with no violations or accidents is $1,121. Factor in one speeding ticket and the average cost jumps to $1,284, an increase of $163 each year. Now add in one accident along with the one speeding ticket and the annual cost of auto insurance for active military goes up to an average of $1,746. That’s an increase of $625, or $52 per month, just for not driving safely!
Your cheap policy may actually be overpriced
Toledo auto insurance rates are based on many factors that will increase or decrease the policy premium. Improving your credit score, getting married, or getting a DUI can trigger price changes that can cause some rates to be much cheaper than others. Not only may things change on your end, but insurance companies modify pricing multiple times each year to adjust for heavy claims or excess profits. Larger than normal claims may cause increased policy costs, while less frequent claims may cause lower-cost Toledo car insurance rates.
To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Toledo, OH for a 40-year-old male driver with a clean driving record, no accidents, and a good credit history. When comparing rates based on his current risk factors, Utica National might offer the cheapest car insurance rates in Toledo at $779 a year. This is $261 less than the average price paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and USAA are also on the list of the cheapest Toledo, OH auto insurance companies.
In this example, we will give the driver in the first example some claims, poor credit, and a stop sign violation. Due to the fact that every insurance company uses a different method for setting prices, comparing prices could result in a completely different list of the cheapest Toledo car insurance companies as shown below.
Merchants Insurance Group now has the cheapest rate in Toledo, OH with Cincinnati Insurance, Motorists Mutual, General Casualty, and Grange Mutual now being in the top five. This example proves why it is critical to compare as many rates as possible to get the best insurance quotes for active military. Insurance rates are determined by many risk factors and can change substantially, so the best option the last time you shopped your coverage around may now be one of the more expensive options.
How to find the cheapest insurance for active military
Here are some penny-pinching ideas that can help Toledo drivers buy cheap car insurance.
- Buy a car with high safety ratings
- Do not get tickets
- Try paying for small claims out-of-pocket
- Bundle car and home insurance and save money
- Prevent price hikes by avoiding at-fault accidents
- Check for cheaper rates once a year
That last piece of advice is notably vital, as we discussed in this article. Auto insurance prices fluctuate constantly, so don’t be unwilling to switch carriers if a cheaper rate is available. Staying with the same car insurance company is fine, but it’s not a great idea if that stubbornness costs you thousands of dollars over several years. Now is a great time to compare rates to find cheaper car insurance for active military in Toledo.
If you aren’t sure which coverage you need and prefer to get some professional input when trying to find lower insurance rates for military personnel, the insurance agencies below can provide answers to your questions and help you determine which auto insurance policy would work best for you. To locate a Toledo insurance agent by location nearest to you, click the button following the list or click here to compare price quotes.
- Stoner Johnson Insurance Agency
2330 Airport Hwy – Toledo, OH 43609 – (419) 385-3101 - Matt Vierk – State Farm Insurance Agent
5650 W Central Ave, Ste AA – Toledo, OH 43615 – (419) 843-4001 - Fox Insurance
4560 Heatherdowns Blvd # 103 – Toledo, OH 43614 – (419) 385-2797