Trying to buy affordable auto insurance is not easy, and deciding which company offers the lowest-priced car insurance rates for inexperienced drivers may require more quotes for comparison. Each insurer has a unique approach to set policy rates, so first let’s look at the rankings for the car insurance companies with the most affordable rates in Toledo.
Lowest Insurance Price Quotes for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Allied | $676 |
| 3 | Erie | $681 |
| 4 | Frankenmuth | $701 |
| 5 | Travelers | $705 |
| 6 | USAA | $733 |
| 7 | Merchants Insurance Group | $771 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $813 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $866 |
| 14 | State Farm | $885 |
| 15 | Westfield | $908 |
| 16 | Atlantic States | $913 |
| 17 | Progressive | $953 |
| 18 | Western Reserve | $970 |
| 19 | Auto-Owners | $998 |
| 20 | Nationwide | $1,018 |
| Quote Your Rates Go | ||
Utica National has some of the lowest car insurance rates in Toledo at around $628 each year. This is $412 less than the average policy premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers also are some of the cheapest Toledo, OH auto insurance companies.
In this example, if you currently have a policy with Frankenmuth and switched to Utica National, you could earn yearly savings of upwards of $73. Policyholders with Travelers might save as much as $77 a year, and USAA insureds might cut rates by $105 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit any of the companies below.
Understand that those policy prices are averaged across all drivers and vehicles and and are not figured with a vehicle location for inexperienced drivers. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That illustrates why you need to compare prices as often as possible using your own driver information and specific vehicle type.
The make and model of vehicle driven is one of the main factors when comparison shopping for low-cost insurance for inexperienced drivers. Vehicles with lots of speed or power, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The next list estimates car insurance rates for some of the cheaper vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,386 |
| Ford Escape XLS 4WD | $1,395 |
| Honda Accord LX-P 4-Dr Sedan | $1,386 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,506 |
| Ford Explorer XLT 4WD | $1,551 |
| Toyota Tacoma 2WD | $1,606 |
| Toyota RAV4 2WD | $1,638 |
| Ford F-150 XL Super Cab 2WD | $1,657 |
| Toyota Prius | $1,683 |
| Dodge Grand Caravan SE | $1,694 |
| Honda Odyssey EX-L W/Navigation | $1,726 |
| Chevrolet Silverado LS Crew Cab 4WD | $1,757 |
| Toyota Corolla XRS | $1,764 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,757 |
| Chevrolet Equinox LS 2WD | $1,795 |
| Find Cheaper Rates Go | |
Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can alter coverage prices noticeably.
Looking at the numbers, you can infer that makes and models like the Honda CR-V, Ford Escape, and Honda Accord will be a few of the cheaper vehicles to insure for new drivers.
For new drivers, one of the largest components that are looked at to determine the annual cost of car insurance is where you live in Toledo. More densely populated places tend to have higher auto insurance costs, whereas areas with less congestion receive better rates.
The following table shows the most expensive places in Ohio for inexperienced drivers in which to buy car insurance. Toledo is listed at #2 with an annual cost of $1,267 for the average policy, which is about $106 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Cleveland | $1,272 |
| 2 | Toledo | $1,267 |
| 3 | Columbus | $1,247 |
| 4 | Youngstown | $1,235 |
| 5 | Cincinnati | $1,186 |
| 6 | Cleveland Heights | $1,178 |
| 7 | Euclid | $1,175 |
| 8 | Hamilton | $1,146 |
| 9 | Akron | $1,135 |
| 10 | Dayton | $1,120 |
| 11 | Canton | $1,102 |
| 12 | Fairfield | $1,095 |
| 13 | Springfield | $1,094 |
| 14 | Newark | $1,063 |
| 15 | Kettering | $1,051 |
| 16 | Parma | $1,037 |
| 17 | Middletown | $1,035 |
| 18 | Lakewood | $1,031 |
| 19 | Beavercreek | $1,016 |
| 20 | Strongsville | $1,011 |
| 21 | Cuyahoga Falls | $997 |
| 22 | Mansfield | $992 |
| 23 | Mentor | $988 |
| 24 | Lorain | $975 |
| 25 | Elyria | $965 |
| Compare Prices Now Go | ||
Table data uses comparative as specific location information can impact coverage rates significantly.
Get discounts on Toledo car insurance rates
Insurance providers that provide coverage for inexperienced drivers may have price discounts that may potentially lower prices by as much as 35% or more if you can meet the requirements. Popular car insurance companies and their offered discounts can be found below.
- Farm Bureau may offer discounts for 55 and retired, youthful driver, good student, renewal discount, driver training, safe driver, and multi-policy.
- Liberty Mutual policyholders can earn discounts including newly retired, good student, new vehicle discount, newly married, and teen driver discount.
- State Farm offers discounts for good student, student away at school, Steer Clear safe driver discount, multiple policy, defensive driving training, and multiple autos.
- Auto-Owners Insurance has savings for group or association, good student, anti-theft, student away at school, and company car.
- GEICO may include discounts for seat belt use, driver training, military active duty, multi-policy, anti-theft, daytime running lights, and anti-lock brakes.
- SAFECO offers premium reductions for anti-lock brakes, safe driver, accident prevention training, anti-theft, multi-car, teen safety rewards, and drive less.
The illustration below illustrates the difference between insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with marriage, claim-free, homeowner, accident-free, passive restraint, and multiple vehicle discounts applied. When taking advantage of discounts, the average savings per year on car insurance for inexperienced drivers is 28% or $356.
Choosing the top insurance provider is difficult considering how many different companies there are to choose from in Ohio. The information below could help you pick which auto insurance companies you want to consider buying from. These rankings are only made up of the companies with a significant amount of written premium nationwide, so companies that may only write in Ohio are not included in the list.
Top 10 Large Car Insurance Companies Overall in Toledo
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Why you should be shopping around
Ohio car insurance rates are impacted by many factors which can substantially change the cost of having a policy. Getting older, filing a claim, or having a fender bender can cause premium changes that may make certain companies more affordable than others.
Not only may your risk profile change, but companies change premium rates as often as every three months in order to be able to pay unexpected claims. Significantly higher losses can result in increased policy costs, while lower claim expenses may cause cheaper Toledo car insurance rates.
For example, the data below demonstrates which company has the cheapest car insurance in Toledo, OH for a 45-year-old female driver with no accidents or violations, and a high credit rating. If we estimate rates based on her current situation, Utica National might quote the lowest car insurance rates in Toledo at $867 each year. This is $173 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the cheapest Toledo, OH auto insurance companies.
In this example, we will give the driver from the above example a couple of claims, poor credit, and a traffic citation. Because each insurer has a proprietary method to establish rates, comparing quotes could result in a substantially altered list of affordable Toledo car insurance companies as shown below.
Cincinnati Insurance now has the best car insurance rate in Toledo, OH with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty also being competitive. This example shows why it is crucial to perform a complete rate comparison when trying to find affordable insurance rates for inexperienced drivers.
Insurance rates can be altered by many different factors and can increase or decrease at any time, so the most economical option a year ago may now cost much more than other companies.