The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, specifically when you are searching for the best insurance rates for handicapped drivers. In an attempt to save some money, let’s start off by going over some situations that have a considerable impact on insurance rates, and see how we can help you take the bite out of the next policy you buy.
The vehicle requiring insurance is probably the most important factor when comparing affordable car insurance for handicapped drivers. Vehicles with lots of speed or power, a lack of modern safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The next list features car insurance prices for a handful of the most economical automobiles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,283 |
| Toyota Prius | $1,422 |
| Ford Explorer Eddie Bauer 2WD | $1,440 |
| Ford Focus S 4-Dr Sedan | $1,492 |
| Chevrolet Impala LS | $1,498 |
| Chevrolet Equinox LS 2WD | $1,520 |
| Chevrolet Malibu LTZ | $1,628 |
| Dodge Grand Caravan SE | $1,649 |
| Ford F-150 STX Regular Cab 4WD | $1,655 |
| Dodge Ram Crew Cab SLT 2WD | $1,659 |
| Nissan Rogue SL AWD | $1,705 |
| Ford Escape Limited 4WD | $1,716 |
| Nissan Altima 2.5 S 2-Dr Coupe | $1,736 |
| Kia Optima SX | $1,742 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,736 |
| Honda Civic DX 2-Dr Coupe | $1,782 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,803 |
| Ford Edge SE AWD | $1,826 |
| Toyota Tacoma X-Runner 2WD | $1,831 |
| Toyota Camry XLE | $1,841 |
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Information does not factor in vehicle garaging location which can influence coverage rates considerably.
Looking at the numbers, we can tell that cars like the Honda CR-V, Toyota Prius, and Ford Explorer are going to be a few of the less-costly vehicles to insure for drivers with handicaps.
Shopping around for cheap car insurance is challenging, and figuring out which company quotes the cheapest insurance rates for handicapped drivers will take more quotes for comparison.
Every car insurance company uses their own method to determine rates, so first we will examine the insurance companies with the overall best prices in Ohio. We do need to point out that Ohio insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Simply getting older, getting married, or getting a ticket for careless driving may generate price changes resulting in some rates now being more affordable than before.
Cheapest Insurance Rates in Ohio
Utica National may offer some of the cheapest car insurance rates in Toledo at around $647 per year. This is $393 less than the average price paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and USAA would also be considered some of the cheapest Toledo, OH insurance companies.
As depicted above, if you are insured with Allied and switched to Utica National, you could realize yearly savings of in the neighborhood of $22. Drivers with Erie might save as much as $34 a year, and Frankenmuth insureds might cut rates by $61 a year.
Bear in mind that those premiums are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for handicapped drivers. So the auto insurance company that can offer you the best rate may not even be in the top 33 companies shown above. That affirms the importance of why you need to get rate quotes using your own individual information.
For drivers with handicaps, one of the big things that aid in calculating auto insurance rates is where you keep your vehicle. Areas with increased crime or more people tend to pay more, whereas more rural areas profit from lower rates.
The next table ranks the most expensive areas in Ohio for handicapped drivers to buy car insurance in. Toledo comes in at #4 with an annual cost of $1,229 for car insurance, which is about $102 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Columbus | $1,247 |
| 3 | Cleveland | $1,235 |
| 4 | Toledo | $1,229 |
| 5 | Cincinnati | $1,186 |
| 6 | Akron | $1,169 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Euclid | $1,164 |
| 9 | Dayton | $1,154 |
| 10 | Hamilton | $1,135 |
| 11 | Fairfield | $1,095 |
| 12 | Springfield | $1,094 |
| 13 | Canton | $1,091 |
| 14 | Beavercreek | $1,058 |
| 15 | Newark | $1,053 |
| 16 | Kettering | $1,040 |
| 17 | Lakewood | $1,031 |
| 18 | Middletown | $1,024 |
| 19 | Mentor | $1,018 |
| 20 | Strongsville | $1,011 |
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Prices are approximated as the specific garaging location can affect price quotes considerably.
Cost comparison with and without full coverage
Buying cheaper insurance is the goal of most vehicle owners, and one great way to buy cheaper insurance for handicapped drivers is to only buy liability coverage. The illustration below shows the difference between premium costs with liability coverage only compared to full coverage. The data assumes no accidents or driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage costs an extra $1,436 per year more than just insuring for liability. Many drivers may wonder when is the right time to remove full coverage. There isn’t a written rule to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
Impact of violations and accidents on rates in Toledo
The ideal way to enjoy affordable insurance rates in Ohio for drivers with handicaps is to drive safely and avoid accidents and traffic citations. The example below illustrates how speeding tickets and accidents influence yearly insurance costs for each age group. The data is based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of a car insurance policy in Toledo per year with no violations or accidents is $1,601. Get one speeding ticket and the average cost hikes up to $1,804, an increase of $203 each year. Now add one accident along with the one speeding ticket and the 12-month cost of insurance for handicapped drivers increases to an average of $2,378. That’s an increase of $777, or $65 per month, just for not driving safely!
Your low-price policy may be costing you money
Toledo, OH insurance rates are impacted by many factors that control the cost of having a policy. Simply getting older, adding a teenager to your policy, or getting a driving violation may prompt premium changes resulting in some rates now being affordable when they were higher priced.
In addition to those changes, insurers change rates every year or even multiple times each year in order to protect their financial rating. A period of increased losses can result in price increases, while long-term profits may produce lower-cost Toledo car insurance rates.
The graph below shows the companies that have the cheapest car insurance in Toledo, OH for a 40-year-old male driver with no prior claims, no tickets, and a high credit rating. If we compare prices based on his personal risk profile, Utica National quotes the best car insurance rates in Toledo at $816 annually. This is $224 less than the average price paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers also make the list of the best Toledo, OH auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart a chargeable claim, less-than-perfect credit, and a speeding ticket. Due to the fact that every insurance company has their own formula for determining prices, comparing rates may now show a new list of affordable Toledo car insurance companies as shown below.
Cincinnati Insurance now has the cheapest rate in Toledo, OH with Merchants Insurance Group, Motorists Mutual, General Casualty, and Grange Mutual completing the list. This example illustrates why it is critical to take the time to shop around to find the most economical insurance quotes for handicapped drivers.
Prices are influenced by many factors and can increase or decrease at any time, so the best company when you last compared rates may now be costing you a lot of money.