Who Has Cheap Car Insurance for Lyft Drivers in Toledo?

The car, truck, or SUV that is being insured is a large consideration that determines if you can find the most affordable coverage for Lyft drivers. Vehicles with higher performance, poor crash test ratings, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below illustrates insurance prices for the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Toledo, OH
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,256
Ford Escape Limited 2WD $1,284
Honda CR-V EX-L 2WD $1,475
Ford Fusion S 4-Dr Sedan $1,490
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,544
Honda Odyssey EX-L W/Navigation $1,566
GMC Sierra SLE Regular Cab 4WD $1,597
Nissan Altima 3.5 SR 4-Dr Sedan $1,605
Nissan Rogue S 2WD $1,597
Toyota Corolla XRS $1,603
Jeep Grand Cherokee Limited 4WD $1,597
Ford Explorer XLT 4WD $1,620
Ford F-150 XLT Crew Cab 2WD $1,628
Dodge Ram Quad Cab SLT 4WD $1,628
Honda Civic EX-L 4-Dr Sedan $1,645
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Data 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 multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in vehicle location which can influence premiums considerably.

By looking at the data, we can infer that models like the Honda Accord, Ford Escape, and Honda CR-V will be some of the more affordable vehicles to insure for Lyft vehicles.

One of the more important considerations that determine car insurance rates is where you live in Toledo. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.

The table below sorts the priciest cities in Ohio for Lyft drivers to buy auto insurance in. Toledo is ranked #2 with an annual cost of $1,241 for the average policyholder, which is about $103 per month.

How much is car insurance in Toledo?
Rank City Average Per Year
1 Youngstown $1,273
2 Toledo $1,241
3 Cleveland $1,222
4 Columbus $1,199
5 Cleveland Heights $1,178
6 Cincinnati $1,174
7 Dayton $1,154
8 Akron $1,135
9 Euclid $1,129
10 Hamilton $1,102
11 Canton $1,091
12 Fairfield $1,085
13 Lakewood $1,073
14 Springfield $1,072
15 Beavercreek $1,058
16 Newark $1,053
17 Kettering $1,040
18 Middletown $1,035
19 Mansfield $1,022
20 Strongsville $1,011
21 Mentor $1,008
22 Cuyahoga Falls $997
23 Parma $997
24 Elyria $975
25 Lorain $975
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Premium costs are estimated as the specific Toledo residence address can affect rates greatly.

Finding out which companies have the lowest-priced auto insurance rates for Lyft drivers takes a little more sweat than just quoting one company’s rates.

Each auto insurance company uses a different method for filing rates in each state, so let’s take a look at the auto insurance companies that tend to be cheaper in Toledo, OH. Keep in mind that Toledo, OH auto insurance rates are calculated based on many things that will increase or decrease the price of coverage. Getting older, getting married, or getting a ticket for running a stop sign can trigger price changes that can make some companies affordable when they were higher priced.

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Ohio car insurance ranked by cost per year
Rank Company Cost Per Year
1 Utica National $628
2 Erie $661
3 Allied $669
4 Frankenmuth $687
5 Travelers $705
6 USAA $733
7 Merchants Insurance Group $748
8 Cincinnati Insurance $749
9 Grange Mutual $804
10 General Casualty $805
11 Motorists Mutual $824
12 Central Mutual $848
13 Hastings Mutual $884
14 State Farm $885
15 Westfield $908
16 Atlantic States $913
17 Western Reserve $932
18 Progressive $953
19 Auto-Owners $998
20 Nationwide $1,018
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Utica National offers some of the cheapest car insurance rates in Toledo at around $628 annually. This is $412 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also rank well as some of the cheaper Toledo, OH insurance companies.

As shown above, if you currently have a policy with Frankenmuth and switched to Utica National, you might see annual savings of approximately $59. Ohio drivers with Travelers could save as much as $77 a year, and USAA policyholders might see rate reductions of $105 a year.

Be aware that those premiums are averages across all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for Lyft drivers. So the company that fits your situation best may not even be in the top 33 companies shown above. That helps illustrate why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

How careless driving impacts auto insurance rates

A great way to maintain low auto insurance premiums in Toledo for Lyft vehicles is to be a cautious driver and avoid traffic citations and accidents. The chart below highlights how traffic violations and accident claims impact premium costs for each age group. The costs are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

The data above shows the average cost of car insurance per year with no accidents and a clean driving record is $1,200. Receive one speeding ticket and the average cost swells to $1,352, an increase of $152 each year. Now add one accident along with the one speeding ticket and the yearly cost of auto insurance for Lyft drivers jumps again to an average of $1,772. That’s an increase of $573, or $48 per month, just for not keeping your driving record clean!

The example below highlights how deductible choice can affect premium costs when trying to find cheap insurance for Lyft drivers. The prices are based on a single female driver, full coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could lower their policy premium by $206 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $312 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could potentially save $456 or more just by choosing higher deductibles. When increasing deductibles, it is important to have enough funds in savings to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Selecting the right insurance company is hard considering how many different companies there are to choose from in Toledo. The rank data shown below could help you choose which companies to look at when comparing auto insurance rates for Lyft drivers.

The rankings below are only comprised of the largest companies in the United States, so smaller companies that only insure vehicles in Ohio are not included in this list. If you wish to compare prices and find the cheapest rates for Lyft drivers, click here.

Top Auto Insurance Companies for Lyft Drivers in Ohio
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

How to find cheaper insurance for Lyft drivers

Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Toledo drivers locate more affordable auto insurance.

The last item on the list is highly crucial, as we noted in this write-up. Auto insurance rates can change considerably in a year, so don’t hesitate to switch carriers if a lower price can be found. Staying with the same car insurance company is fine, but we do not recommend it if that dedication is costing money that could be spent on other things. In less than five minutes you could shop around to find cheaper insurance for Lyft drivers in Toledo.

The Toledo auto insurance agencies shown below can probably aid you in deciding which coverages you need, since some drivers have questions and prefer to get some professional input when trying to find lower insurance rates for Lyft drivers. It’s not always easy to find coverage yourself, so getting advice from a licensed Ohio insurance agent can add comfort knowing your policy gives you suitable coverage if you ever need to use it.

To locate a Toledo car insurance agency in your neighborhood, click the button link following the list or click here to get price quotes now.

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