For teachers and educators, one of the largest factors that help determine the amount you pay each year for auto insurance is the neighborhood you call home in Toledo. Cities with larger populations tend to pay slightly more, whereas less populated areas get the luxury of paying less.
The next table shows the most expensive cities in Ohio for teachers to buy auto insurance in. Toledo is ranked #2 with a yearly cost of $1,241 for coverage, which is about $103 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Youngstown | $1,273 |
| 2 | Toledo | $1,241 |
| 3 | Cincinnati | $1,222 |
| 4 | Cleveland | $1,222 |
| 5 | Columbus | $1,199 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Euclid | $1,140 |
| 8 | Hamilton | $1,135 |
| 9 | Akron | $1,123 |
| 10 | Dayton | $1,120 |
| 11 | Newark | $1,095 |
| 12 | Springfield | $1,094 |
| 13 | Canton | $1,091 |
| 14 | Fairfield | $1,085 |
| 15 | Middletown | $1,066 |
| 16 | Kettering | $1,051 |
| 17 | Beavercreek | $1,047 |
| 18 | Cuyahoga Falls | $1,037 |
| 19 | Lakewood | $1,031 |
| 20 | Strongsville | $1,011 |
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Rates are approximated as the specific garaging location can impact premium rates greatly.
Shopping around for cost effective car insurance is not the easiest thing to accomplish, and finding out which company quotes the lowest-priced auto insurance rates for teachers will require more quotes for comparison. Each insurance company has their own guidelines for setting rates, so we’ll take a look at the auto insurance companies with the overall best prices in Ohio.
It’s important that you understand Ohio auto insurance rates are impacted by many things that control the price of coverage. This price fluctuation is why it is so important to compare lots of rates when trying to find the most economical insurance quotes for teachers. Car insurance prices are calculated by many things and change dramatically, so the best company two years ago may now be one of the higher cost companies.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Allied | $669 |
| 3 | Erie | $681 |
| 4 | Frankenmuth | $701 |
| 5 | Travelers | $712 |
| 6 | USAA | $733 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $771 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $804 |
| 11 | General Casualty | $813 |
| 12 | State Farm | $858 |
| 13 | Central Mutual | $866 |
| 14 | Hastings Mutual | $866 |
| 15 | Western Reserve | $932 |
| 16 | Atlantic States | $940 |
| 17 | Westfield | $946 |
| 18 | Auto-Owners | $958 |
| 19 | Progressive | $991 |
| 20 | Farmers | $1,025 |
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Utica National may offer some of the lowest car insurance rates in Toledo at around $654 per year. Allied, Erie, Frankenmuth, and Travelers also are some of the best Toledo, OH insurance companies.
As shown in the rates above, if you are a customer of Travelers and switched to Allied, you could earn an annual premium reduction of roughly $43. Policyholders with USAA could save as much as $64 a year, and Cincinnati Insurance customers might reduce rates by $80 a year.
Bear in mind that those premium estimates are averaged for all drivers and vehicles in Ohio and do not take into consideration an exact zip code location for teachers. So the insurer that can offer you the lowest price may not even be in the top 33 companies shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
Insurance rate increases from tickets or accidents
The ideal way to maintain cheap auto insurance prices for teachers and educators is to be a safe driver and avoid accidents and keep your driving record clean. The chart below illustrates how violations and accident claims raise insurance costs for different age categories. The data is based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance per year with no violations or accidents is $1,077. Add in two speeding tickets and the average cost hikes up to $1,421, an increase of $344 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of auto insurance for teachers increases to an average of $1,766. That’s an increase of $688, or $57 per month, just for being a careless driver!
Get discount Toledo car insurance
Insurers that provide coverage for teachers may also provide price discounts that can lower rates by as much as 25% or more if you qualify for them. Popular auto insurance companies and some of the discounts can be read below.
- American Family has savings for Steer into Savings, TimeAway discount, good student, mySafetyValet, defensive driver, and bundled insurance.
- State Farm includes discounts for defensive driving training, accident-free, multiple autos, multiple policy, safe vehicle, and good driver.
- 21st Century has discounts for student driver, driver training, good student, early bird, theft prevention, defensive driver, and 55 and older.
- Travelers offers discounts for home ownership, hybrid/electric vehicle, student away at school, multi-car, and continuous insurance.
- GEICO offers discounts including multi-policy, anti-theft, good student, driver training, and military active duty.
The example below visualizes the comparison of insurance premiums with and without discounts applied to the premium. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, passive restraint, multiple vehicle, defensive driving course, vehicle safety, and anti-theft discounts applied. When discounts are applied, theamount saved on auto insurance for teachers is 28% or $340.
A good deal can quickly turn bad
Toledo, OH auto insurance rates are impacted by many factors that may substantially change the price of your policy. Simply having another birthday, having a teen driver, or getting a couple of tickets may prompt premium changes that may make certain companies more affordable than the competition.
Not only may your risk profile change, but insurance companies change their prices every year to adjust for heavy claims or excess profits. A period of increased losses can cause higher priced premiums, while a better claims history may cause lower-priced Toledo car insurance rates.
To illustrate this example, the data below analyzes the cheapest car insurance in Toledo, OH for a 30-year-old male driver with a clear driving record, no claims, and excellent credit. If we compare prices based on his current risk factors, Utica National may offer the most affordable car insurance rates in Toledo at $800 each year. This is $240 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers are the remaining most affordable Toledo, OH auto insurance companies.
The example below compares rates after we give the driver in the first chart some claims, slightly worse credit, and a blemish on his driving record. Because every insurance company uses their own calculation to determine rates, comparing prices will most likely result in a different list of the cheapest companies as shown below.
Merchants Insurance Group now has the best price in Toledo, OH with Cincinnati Insurance, Grange Mutual, Motorists Mutual, and General Casualty completing the list. This example proves why it is important to compare many different companies to get the lowest auto insurance rates for teachers.
Insurance rates are made up of many factors and can decrease or increase without notice, so the best price the last time you compared rates may now be priced much higher than other options.
How to find economical insurance for teachers
The list below details many money-saving suggestions that can help Ohio drivers find low-cost car insurance.
- Avoid accidents and claims
- Drop full coverage on older vehicles
- Good credit scores may make rates cheaper
- Bundle car and home insurance and save money
- Choose a safer vehicle and pay lower rates
- Compare rates and switch if you can find a better deal
The final tip is especially critical, as we pointed out in this write-up. Auto insurance rates can be adjusted at any time, so drivers shouldn’t hesitate to buy a different policy if you find a cheaper price. Being loyal to a particular company is commendable, but is isn’t recommended if that faithfulness ends up costing you money that could be used for better things. Take a few minutes and compare prices to find cheaper insurance for teachers in Toledo.
The Toledo, OH, insurance agents below are a good start to answer your questions and help you decide which coverage fits your budget, since some people have coverage questions and would like to have a professional recommendation when trying to find lower insurance rates for teachers. It can be complicated to find the best policy yourself, so a professional agent can provide peace of mind knowing you have enough coverage if you have a claim.
To find an auto insurance agency near you, click the link after the list or click here to compare rates now.
- Allstate Insurance: Arrow Dickerson
5415 Monroe St #2a – Toledo, OH 43623 – (419) 841-5017 - Eric Price – State Farm Insurance Agent
2600 N Reynolds Rd #104b – Toledo, OH 43615 – (419) 536-6030 - Burnor Insurance Agency Inc.
316 N Michigan St – Toledo, OH 43604 – (419) 243-6108 - Farmers Insurance – Patrick Hogan
3700 N Holland Sylvania Rd – Toledo, OH 43615 – (419) 517-5579