It’s impossible to miss the captivating ads from insurers like Progressive and The General that claim huge savings. So you just need to pick one randomly, right?
It’s just not that easy, however, as there are many unknown elements like the crash test ratings of your vehicle, the amount of liability coverage you want, and if you are a homeowner. This article goes into detail about the best ways to avoid high prices and also should give you some help in finding cheaper rates.
The vehicle you are buying coverage for is a large factor that determines whether or not you find the lowest-priced auto insurance after a speeding ticket. Vehicles with lots of speed or power, a lack of safety features, or a history of substantial liability claims will cost more to insure than safer models. The data below showcases car insurance costs for a number of the more affordable vehicles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,892 |
| Honda CR-V EX-L 2WD | $1,934 |
| Honda Accord LX 4-Dr Sedan | $2,066 |
| Toyota Prius | $2,100 |
| Ford Explorer XLT 4WD | $2,118 |
| Toyota Tacoma 4WD | $2,127 |
| Chevrolet Malibu Hybrid | $2,243 |
| Jeep Wrangler Sahara 4WD 2-Dr | $2,323 |
| Toyota Corolla LE | $2,370 |
| Ford Edge SE AWD | $2,394 |
| Ford Focus S 4-Dr Sedan | $2,403 |
| Volkswagen Jetta S 4-Dr Sedan | $2,396 |
| Chevrolet Silverado LS Extended Cab 2WD | $2,399 |
| Ford Fusion Sport 4-Dr Sedan | $2,412 |
| Dodge Ram Crew Cab ST 4WD | $2,440 |
| Start Your Quote Go | |
Table data assumes single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can influence coverage rates considerably.
Looking at the numbers, we can presume that makes and models like the Ford Escape, Honda CR-V, Honda Accord, and Toyota Prius will be some of the most affordable vehicles to insure after a few driving violations.
One of the more important factors that help determine insurance cost is where you choose to live. Cities with larger populations will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.
The next table ranks the most costly cities in Ohio after a speeding ticket to buy auto insurance in. Toledo ranks #2 with the yearly price of $1,267 for the average policy, which is about $106 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,267 |
| 3 | Columbus | $1,247 |
| 4 | Cleveland | $1,235 |
| 5 | Cincinnati | $1,222 |
| 6 | Cleveland Heights | $1,178 |
| 7 | Euclid | $1,164 |
| 8 | Akron | $1,123 |
| 9 | Dayton | $1,120 |
| 10 | Hamilton | $1,102 |
| 11 | Canton | $1,091 |
| 12 | Fairfield | $1,085 |
| 13 | Springfield | $1,072 |
| 14 | Middletown | $1,066 |
| 15 | Newark | $1,063 |
| 16 | Beavercreek | $1,058 |
| 17 | Parma | $1,037 |
| 18 | Lakewood | $1,031 |
| 19 | Strongsville | $1,031 |
| 20 | Kettering | $1,020 |
| Compare Rates Now Go | ||
Table data uses estimated as specific Toledo garaging address can lower or raise premium rates considerably.
Buying cheap insurance is easier said than done, and finding out which company offers the most affordable car insurance rates after a speeding ticket will require additional perseverance. Every insurance company uses slightly different criteria to set their prices, so let’s begin by taking a look at the overall cheapest car insurance companies in Toledo.
It’s important that readers know that Toledo, OH car insurance rates are influenced by many factors which can substantially decrease or increase the cost of coverage. Events like a birthday, buying higher coverage limits, or getting a speeding ticket can trigger rate changes that may make certain companies more expensive than before.
Best Car Insurance Prices with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Allied | $676 |
| 3 | Erie | $681 |
| 4 | Frankenmuth | $687 |
| 5 | Travelers | $712 |
| 6 | USAA | $719 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $792 |
| 10 | General Casualty | $813 |
| 11 | Grange Mutual | $828 |
| 12 | State Farm | $858 |
| 13 | Central Mutual | $866 |
| 14 | Hastings Mutual | $866 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $908 |
| 17 | Progressive | $962 |
| 18 | Western Reserve | $970 |
| 19 | Auto-Owners | $988 |
| 20 | American Family | $1,010 |
| Find Cheaper Rates Go | ||
Utica National generally has some of the most affordable car insurance rates in Toledo at around $647 per year. This is $393 less than the average premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers also rank well as some of the best Toledo, OH auto insurance companies.
As shown in the table above, if you buy coverage from Allied and switched to Utica National, you might achieve an annual premium reduction of in the neighborhood of $29. Customers with Erie might save as much as $34 a year, and Frankenmuth policyholders might cut rates by $40 a year.
To find the cheapest rates for your vehicle, click here to begin a quote or visit any of the companies below.
It’s important to note that these policy prices are averages across all drivers and vehicles and do not factor in an exact zip code location after a speeding ticket. So the auto insurance company that is best suited for you may not even be in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own individual information.
Irresponsible driving raises your rates
The easiest method to earn the most affordable car insurance rates in Toledo after a few driving violations is to be a good driver and avoid getting tickets or having accidents. The diagram below highlights how traffic violations and accidents can influence insurance rates for each age group. The information is based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
In the prior example, the average cost of car insurance in Toledo per year with no accidents and a clean driving record is $1,085. Get one speeding ticket and the average cost swells to $1,250, an increase of $165 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of car insurance after a speeding ticket goes up to an average of $1,708. That’s an increase of $623, or $52 per month, just for not being a responsible driver!
Ending up with the highest-rated insurer can be difficult considering how many companies sell insurance in Ohio. The company information shown next could help you analyze which car insurance companies you want to consider comparing prices from. The rankings below include the largest companies in America, so companies that only write business in Ohio or surrounding areas are not included in these rankings.
Top 10 Large Auto Insurance Providers Overall in Toledo
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Large Auto Insurance Providers in Toledo Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
The chart below demonstrates how deductible levels can increase or decrease insurance costs when getting quotes for cheap insurance after a speeding ticket. The price estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower rates by $216 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $324 by using a $1,000 deductible. Even younger insureds, such as the Age 20 example, could drop their prices $718 annually just by choosing larger deductibles. If you do raise deductibles, it will be important to have additional funds in a savings account to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Why it’s important to shop around
Toledo car insurance rates are calculated based on many things that can increase the cost of having a policy. Improving your credit score, increasing liability limits, or getting a driving violation can trigger changes in premium resulting in some rates now being cheaper than others.
Not only may things change on your end, but auto insurance companies file new rates multiple times each year in order to protect their financial rating. An unexpected high level of claims may result in a rate increase, while lower claims can cause lower-cost Toledo car insurance rates.
To illustrate this example, the graph below compares the cheapest car insurance in Toledo, OH for a 30-year-old female driver with no prior accidents, a clean driving record, and good financial standing. If we compare prices based on her current rating profile, Utica National might quote the cheapest car insurance rates in Toledo at $825 annually. This is $215 less than the average premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are also on the list of the cheapest Toledo, OH auto insurance companies.
The next chart shows rates after we give the driver from above a chargeable claim, poor credit, and a blemish on her driving record. Since every car insurance company has their own formula for determining rates, comparing quotes may now result in a new list of affordable Toledo car insurance companies as shown below.
Merchants Insurance Group now has the lowest car insurance rate in Toledo with Cincinnati Insurance, General Casualty, Grange Mutual, and Motorists Mutual now rounding out the top five. This demonstrates why it is critical to shop around to find the best auto insurance quotes after a speeding ticket.
Rates consist of many different factors and change frequently, so the best price the last time you shopped your coverage around may now be an over-priced policy.
The insurance agencies below can most likely help you make a decision which is the best policy, as some drivers have questions and prefer to get some professional advice when comparing insurance rates after a speeding ticket. It’s not always simple to find the best coverage yourself, so professional agents can provide you comfort knowing your policy gives you adequate coverage when you need it most. To find an agent nearest to you, click the link after the list.
- Kranz PJ Insurance Agency
4349 Talmadge Rd – Toledo, OH 43623 – (419) 473-2416 - House of Insurance
5801 Telegraph Rd – Toledo, OH 43612 – (419) 476-8436 - Knight Insurance Group
22 N Erie St – Toledo, OH 43624 – (419) 241-5133 - Burnor Insurance Agency Inc.
316 N Michigan St – Toledo, OH 43604 – (419) 243-6108 - Johnny Horn – State Farm Insurance Agent
457 S Reynolds Rd d – Toledo, OH 43615 – (419) 531-4800