You have most likely seen the ads from insurers like Farmers, The General, and State Farm claiming huge savings. So drivers should just pick the company with the catchiest ad, right?
It’s not that easy, however, as there are a lot of unknown elements such as whether or not your vehicle has good safety ratings, whether you are a man or a woman, the level of liability coverage you want, and if you have a spouse, that all help calculate your car insurance rates. We will touch on the best ways to avoid overpriced car insurance and hopefully give you enough understanding to have a good start in finding the cheapest insurance.
For felons, one of the more important components that aid in calculating the cost of insurance is where you choose to live in Toledo. Cities with larger populations or higher claim trends tend to pay more, whereas less populated areas have the gratification of cheaper auto insurance rates.
The information below shows the highest-priced places in Ohio for felons to purchase auto insurance in. Toledo shows up at #1 with the yearly price of $1,267 for the average insured, which is approximately $106 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Toledo | $1,267 |
| 2 | Youngstown | $1,247 |
| 3 | Columbus | $1,235 |
| 4 | Cleveland | $1,222 |
| 5 | Cincinnati | $1,186 |
| 6 | Cleveland Heights | $1,178 |
| 7 | Dayton | $1,154 |
| 8 | Euclid | $1,140 |
| 9 | Akron | $1,135 |
| 10 | Hamilton | $1,135 |
| 11 | Newark | $1,095 |
| 12 | Springfield | $1,094 |
| 13 | Canton | $1,069 |
| 14 | Beavercreek | $1,058 |
| 15 | Fairfield | $1,053 |
| 16 | Lakewood | $1,041 |
| 17 | Cuyahoga Falls | $1,037 |
| 18 | Middletown | $1,035 |
| 19 | Strongsville | $1,031 |
| 20 | Kettering | $1,020 |
| 21 | Elyria | $1,005 |
| 22 | Parma | $997 |
| 23 | Mansfield | $992 |
| 24 | Lorain | $985 |
| 25 | Mentor | $978 |
| Compare Rates Now Go | ||
Rates are approximated as the vehicle garaging location can revise prices considerably.
Deciding which company offers the best insurance rates for felons calls for a little more effort than just comparing a company or two.
Each auto insurer uses their own formula for setting prices, so we will examine the lowest cost insurance companies in Toledo, OH.
Lowest Insurance Price Quotes for Felons
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Erie | $667 |
| 3 | Frankenmuth | $680 |
| 4 | Allied | $690 |
| 5 | Travelers | $705 |
| 6 | USAA | $741 |
| 7 | Merchants Insurance Group | $778 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $800 |
| 10 | General Casualty | $805 |
| 11 | Grange Mutual | $828 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $858 |
| 14 | Hastings Mutual | $893 |
| 15 | Atlantic States | $931 |
| 16 | Western Reserve | $941 |
| 17 | Westfield | $946 |
| 18 | Progressive | $962 |
| 19 | Auto-Owners | $968 |
| 20 | American Family | $1,010 |
| Compare Rates Now Go | ||
Utica National may have some of the lowest car insurance rates in Toledo at around $635 annually. Erie, Frankenmuth, Allied, and Travelers also qualify as some of the more affordable Toledo, OH insurance companies.
In the rate table above, if you currently have coverage with Frankenmuth and switched to Utica National, you might achieve a yearly price reduction of upwards of $45. Ohio drivers with Allied may save as much as $55 a year, and Travelers insureds might lower prices by $70 a year.
To find out how your current rates compare, click here to get a free quote or visit several of the following companies.
Understand that those premium estimates are averages for all types of drivers and the different vehicles they drive and and are not figured with a specific location for felons. So the company that fits your age and vehicle best may not even be in the top 33 companies in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
The car, truck, or SUV that is being insured is one of the primary factors when trying to find low-priced car insurance for felons. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models. The list below ranks car insurance costs for some of the cheapest vehicles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,250 |
| Honda CR-V LX 4WD | $1,371 |
| Toyota Prius | $1,389 |
| Chevrolet Impala LS | $1,452 |
| Ford Escape XLT 4WD | $1,459 |
| Jeep Grand Cherokee Laredo 2WD | $1,480 |
| Ford Fusion S 4-Dr Sedan | $1,490 |
| Toyota RAV4 2WD | $1,480 |
| Chevrolet Equinox LT 2WD | $1,487 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,500 |
| Honda Odyssey LX | $1,505 |
| Dodge Grand Caravan CV | $1,533 |
| Toyota Tacoma X-Runner 2WD | $1,558 |
| Toyota Corolla S | $1,567 |
| Ford Focus SE 4-Dr Sedan | $1,588 |
| Find Cheaper Rates Go | |
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in your specific Toledo, OH location which can alter auto insurance rates noticeably.
Based upon these rates, you can see that makes and models like the Honda Accord, Honda CR-V, Toyota Prius, and Chevrolet Impala will definitely be some of the cheaper vehicles to insure for felons.
Comparison of full coverage and liability-only policies
Finding the cheapest insurance is the goal of most vehicle owners, and one good way to pay lower rates for insurance for felons is to only buy liability coverage. The chart below shows the difference between annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no policy discounts are applied.
Averaged for all age groups, full coverage on your policy costs $1,200 per year over and above liability coverage. That raises the question if paying for full coverage is worth it. There is no specific rule of when to eliminate physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
Discount Toledo insurance
Insurance companies that provide policies for felons may additionally offer premium discounts that could potentially reduce rates by as much as 35% or more if you are eligible. Popular insurance companies and a selection of discounts are shown below.
- American Family offers discounts including mySafetyValet, multi-vehicle, early bird, defensive driver, good driver, good student, and bundled insurance.
- Farm Bureau policyholders can earn discounts including 55 and retired, driver training, multi-vehicle, safe driver, good student, youthful driver, and renewal discount.
- State Farm may offer discounts for good student, passive restraint, good driver, Steer Clear safe driver discount, defensive driving training, and accident-free.
- Travelers has discounts for home ownership, good student, save driver, early quote, and driver training.
- The Hartford may include discounts for driver training, defensive driver, anti-theft, bundle, good student, and air bag.
- GEICO includes discounts for federal employee, military active duty, good student, driver training, air bags, and anti-lock brakes.
- Progressive offers discounts for homeowner, continuous coverage, multi-policy, good student, and multi-vehicle.
The chart below shows the difference between annual premium costs with and without discounts applied to the policy premium. The premiums assume a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, accident-free, marriage, vehicle safety, anti-theft, and safe-driver discounts applied. In this example, the average amount saved each year on insurance for felons is 28% or $379.
Are you paying too much for car insurance in Toledo?
Ohio insurance rates are impacted by many factors that can increase the price you pay. Simply having another birthday, marrying your spouse, or getting caught speeding can trigger changes in premium resulting in some rates now being affordable when they were higher priced.
Not only that, but insurance companies change premium rates at least once a year to adjust for unexpected claims or profits. An unexpected high level of claims may result in higher prices, while a better loss history can produce lower-cost Toledo car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Toledo, OH for a 35-year-old male driver with no prior accidents, a clean driving record, and great credit. If we estimate prices based on his personal profile, Utica National might offer the best car insurance rates in Toledo at $816 a year. This is $224 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA also make the list of the cheapest Toledo, OH auto insurance companies.
In this example, we will give the driver from the above example an at-fault accident, a lower credit rating, and a traffic ticket or two. Due to the fact that every insurance company has their own guidelines to set premium rates, comparing quotes may now result in a different ranking of affordable companies as shown below.
Cincinnati Insurance now has the cheapest rate in Toledo, OH with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty also being competitive. This shows why it is critical to compare rates when trying to find the most affordable car insurance quotes for felons.
Prices can be determined by many different factors and change dramatically, so the best price the last time you shopped around may now be wasting a lot of money.