For drivers age 25 and younger, one of the big considerations that help determine the annual cost of car insurance is where you live in Toledo. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.
The following table lists the highest-priced areas in Ohio for drivers under 25 to purchase car insurance in. Toledo is ranked at #2 costing $1,267 for the average insured, which is about $106 monthly.
Rank | City | Annual Premium |
---|---|---|
1 | Youngstown | $1,285 |
2 | Toledo | $1,267 |
3 | Columbus | $1,247 |
4 | Cleveland | $1,235 |
5 | Cincinnati | $1,186 |
6 | Cleveland Heights | $1,166 |
7 | Akron | $1,157 |
8 | Dayton | $1,142 |
9 | Euclid | $1,140 |
10 | Springfield | $1,105 |
11 | Hamilton | $1,102 |
12 | Newark | $1,085 |
13 | Fairfield | $1,085 |
14 | Canton | $1,058 |
15 | Beavercreek | $1,047 |
16 | Mansfield | $1,032 |
17 | Lakewood | $1,031 |
18 | Strongsville | $1,031 |
19 | Middletown | $1,024 |
20 | Lorain | $1,015 |
21 | Kettering | $1,009 |
22 | Parma | $1,007 |
23 | Cuyahoga Falls | $1,007 |
24 | Mentor | $988 |
25 | Elyria | $975 |
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Information shown are estimated as the garaging address in Toledo can revise prices substantially.
Determining which company offers the cheapest car insurance rates for drivers under 25 requires more work in order to find the lowest price quote. Each company uses a different method for setting prices, so let’s examine the car insurance companies with the overall best prices in Toledo, OH.
It’s important that readers know that Toledo, OH car insurance rates are calculated based on many things which can substantially decrease or increase your annual premium. Improving your credit rating, becoming a homeowner, or having an accident can trigger changes in premium resulting in some rates now being cheaper than competitors.
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Rank | Company | Cost Per Year |
---|---|---|
1 | Utica National | $628 |
2 | Erie | $667 |
3 | Allied | $669 |
4 | Frankenmuth | $708 |
5 | USAA | $719 |
6 | Travelers | $733 |
7 | Merchants Insurance Group | $778 |
8 | Cincinnati Insurance | $779 |
9 | Motorists Mutual | $800 |
10 | General Casualty | $829 |
11 | Grange Mutual | $836 |
12 | Hastings Mutual | $866 |
13 | Central Mutual | $874 |
14 | State Farm | $885 |
15 | Western Reserve | $932 |
16 | Atlantic States | $940 |
17 | Westfield | $946 |
18 | Auto-Owners | $958 |
19 | Progressive | $982 |
20 | Nationwide | $988 |
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Utica National generally has some of the cheapest car insurance rates in Toledo at around $628 annually. This is $412 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA also are some of the more affordable Toledo, OH insurance companies.
As depicted above, if you have coverage with Frankenmuth and switched to Utica National, you may realize an annual savings of approximately $80. Ohio drivers with USAA could save as much as $91 a year, and Travelers insureds might reduce rates by $105 a year.
If you want to see how much you could save, click here or visit several of the following companies.
Be aware that those policy prices are averages for all insureds and vehicles and do not factor in a specific location for drivers under 25. So the insurer that is best for you may not even be in the list above. That’s why you need to get car insurance quotes using your own personal information and vehicle type.
Ending up with the best car insurance provider can be challenging considering how many companies sell insurance in Toledo. The ranking information displayed below can help you select which insurers you want to consider when looking for cheaper rates.
The ratings below are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Ohio business are not included in this list. If you’d like to compare prices and find the cheapest rates for drivers under 25, simply click here.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
American Family | 88 | 92 | 83 | 88% | A | 89.4 |
Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Cautious drivers save money
In a perfect world, the ideal way to enjoy low car insurance prices in Ohio for drivers age 25 and younger is to drive safe and not have accidents or get tickets. The information below highlights how traffic violations and at-fault accidents can affect premium costs for different age categories. The premiums assume a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance in Toledo per year with no accidents or violations is $1,297. Get written up for two speeding tickets and the average cost rises to $1,705, an increase of $408 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of car insurance for drivers under 25 goes up to an average of $3,404. That’s an increase of $2,107, or $176 per month, just for not being attentive to the road!
How to find economical car insurance for drivers under 25
Below you’ll find some thrifty solutions that can help drivers quote cheap car insurance.
- Buy your homeowners policy from the same company as your auto insurance
- Do not get tickets or violations
- Do not file small claims
- Raise your physical damage coverage deductibles
- Higher credit ratings may save you money
- Avoid accidents
- Compare rates regularly and switch companies to save money
The last suggestion is highly vital, as was affirmed in the prior information. Insurance rates in Toledo change constantly, so you should be ready to change to a new company if a lower price can be found.
Brand loyalty is not necessarily bad, but it’s not recommended if that stubbornness costs you money that could be used for better things. Now is a great time to shop around to find cheaper auto insurance for drivers under 25.