Deciding which companies offer the most affordable car insurance rates for drivers under 21 will take a tad more effort than just comparing a company or two. Each company uses a different method to set policy rates, so to begin we’ll rank the car insurance companies with the most affordable rates in Toledo, OH.
It’s important to understand that Toledo car insurance rates are based on many factors that may substantially change the cost of coverage. Simply having a birthday, buying higher coverage limits, or getting a couple of tickets can trigger price changes that may make certain companies more affordable than others.
Lowest Insurance Price Quotes for Minors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Erie | $667 |
| 3 | Allied | $676 |
| 4 | Frankenmuth | $708 |
| 5 | USAA | $711 |
| 6 | Travelers | $733 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $800 |
| 10 | Grange Mutual | $804 |
| 11 | General Casualty | $813 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $858 |
| 14 | Hastings Mutual | $893 |
| 15 | Atlantic States | $913 |
| 16 | Westfield | $936 |
| 17 | Auto-Owners | $958 |
| 18 | Progressive | $962 |
| 19 | Western Reserve | $970 |
| 20 | Nationwide | $988 |
| Get a Custom Quote Go | ||
Utica National may offer some of the cheapest car insurance rates in Toledo at around $635 a year. This is $405 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA would also be considered some of the more affordable Toledo, OH car insurance companies.
In the rate table above, if you are a policyholder with Frankenmuth and switched to Erie, you might realize a yearly savings of in the vicinity of $41. Insureds with USAA might save as much as $44 a year, and Travelers policyholders might reduce prices by as much as $66 a year.
It’s important to note that these prices are averaged across all insureds and vehicles and are not factoring in an exact vehicle garaging location for drivers under 21. So the insurer that is best for you may not even be in the top 33 companies shown above. That points out the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
The vehicle model you are buying coverage for is one of the largest factors when comparing low-priced insurance for drivers under 21. Vehicles with high performance features, poor safety features, or an increased likelihood of liability claims will cost much more to insure than safer, lower-performance models.
The data below estimates insurance premiums for a number of the most cost-effective vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $3,302 |
| Ford F-150 XL Regular Cab 2WD | $3,383 |
| Honda Accord EX-L 4-Dr Sedan | $3,600 |
| Ford Escape Limited 4WD | $3,605 |
| Toyota Prius | $3,648 |
| Ford Focus S 4-Dr Sedan | $3,874 |
| Ford Edge SEL 2WD | $3,884 |
| Chevrolet Silverado LS Regular Cab 2WD | $3,910 |
| Chevrolet Equinox LS AWD | $3,925 |
| GMC Sierra SLE Regular Cab 2WD | $3,932 |
| Chevrolet Malibu LS | $3,925 |
| Toyota RAV4 Limited 2WD | $3,930 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $3,974 |
| Dodge Grand Caravan Crew | $3,983 |
| Ford Explorer Limited AWD | $3,974 |
| Honda Civic LX 4-Dr Sedan | $4,119 |
| Hyundai Elantra Blue 4-Dr Sedan | $4,127 |
| Toyota Camry SE | $4,170 |
| Toyota Corolla XLE | $4,177 |
| Chevrolet Impala LTZ | $4,170 |
| Toyota Tacoma X-Runner 2WD | $4,177 |
| Kia Optima LX | $4,208 |
| Nissan Rogue S AWD | $4,213 |
| Start a Quote Go | |
Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in vehicle garaging location which can lower or raise insurance rates greatly.
By looking at the data, you can figure that models like the Honda CR-V, Ford F-150, and Honda Accord are the less-costly vehicles to insure for minors. Rates will trend higher just due to the fact that there is a higher risk for drivers under 21, but generally speaking those models will have the cheapest rates compared to other types of vehicles.
For minors, one of the more important components that are looked at to determine car insurance rates is where your residence is in Toledo. Regions with more people or even just more weather-related claims tend to have higher rates, whereas more rural areas benefit from lower coverage costs.
The next table rates the most expensive cities in Ohio for drivers under 21 to purchase auto insurance in. Toledo is ranked at #1 having an annual price of $1,279 for the average insured, which is approximately $107 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Youngstown | $1,235 |
| 3 | Cleveland | $1,222 |
| 4 | Columbus | $1,211 |
| 5 | Cincinnati | $1,210 |
| 6 | Cleveland Heights | $1,178 |
| 7 | Euclid | $1,175 |
| 8 | Akron | $1,135 |
| 9 | Dayton | $1,120 |
| 10 | Canton | $1,102 |
| 11 | Hamilton | $1,102 |
| 12 | Newark | $1,095 |
| 13 | Springfield | $1,072 |
| 14 | Fairfield | $1,063 |
| 15 | Lakewood | $1,063 |
| 16 | Middletown | $1,055 |
| 17 | Beavercreek | $1,047 |
| 18 | Kettering | $1,040 |
| 19 | Cuyahoga Falls | $1,037 |
| 20 | Mansfield | $1,032 |
| 21 | Parma | $1,027 |
| 22 | Strongsville | $1,001 |
| 23 | Lorain | $985 |
| 24 | Mentor | $978 |
| 25 | Elyria | $965 |
| Get a Custom Quote Go | ||
Annual rates are estimated as the vehicle garaging location can influence prices greatly.
Get discount Toledo insurance rates
Insurers that sell policies for drivers under 21 may have policy discounts that could lower prices by 25% or more if you are eligible to receive them. A list of companies and the discounts they provide are detailed below.
- 21st Century offers discounts including 55 and older, teen driver, homeowners, automatic seat belts, and driver training.
- Progressive policyholders can earn discounts including homeowner, multi-vehicle, continuous coverage, online quote discount, good student, online signing, and multi-policy.
- State Farm includes discounts for driver’s education, passive restraint, Drive Safe & Save, accident-free, good student, and good driver.
- Nationwide offers discounts for Farm Bureau membership, good student, accident-free, defensive driving, business or organization, and family plan.
- Esurance may offer discounts for online quote, Pac-12 alumni, good driver, good student, and anti-lock brakes.
- The Hartford discounts include good student, air bag, vehicle fuel type, defensive driver, driver training, anti-theft, and bundle.
The information below illustrates the comparison of insurance premiums with and without discounts being applied to the rates. The data is based on a male driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, continuous coverage, good student, paperless filing, anti-theft, and paid-in-full discounts applied. In this example, the average savings per year on car insurance for drivers under 21 is 18% or $321.
Careless driving habits raise Toledo car insurance rates
In a perfect world, the ideal way to enjoy the cheapest car insurance prices in Ohio for minors is to drive safely and avoid tickets and accidents. The information below demonstrates how traffic citations and accidents can impact insurance rates for different age groups of insureds. The costs are based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.
In the previous example, the average cost of car insurance in Ohio per year with no violations or accidents is $1,688. Get one speeding ticket and the average cost rises to $1,911, an increase of $223 each year. Then include two accidents along with the one speeding ticket and the yearly cost of car insurance for drivers under 21 increases to an average of $3,784. That’s an increase of $2,096, or $175 per month, just for not maintaining a clean driving record!
The agents listed below can help you decide which coverages you need, as many people would rather get help from a professional when shopping for cheaper insurance for drivers under 21. It can be challenging to find the best coverage on your own, and insurance agents licensed in the state of Ohio can give you satisfaction knowing you have enough coverage when you need it.
To find an auto insurance agency close to where you live, click the button at the bottom of the list.
- Henry Geha – State Farm Insurance Agent
4750 Monroe Street – Toledo, OH 43623 – (419) 472-1399 - Mouch Insurance Associates, Inc.
3132 W Sylvania Ave – Toledo, OH 43623 – (419) 725-0056 - Dave Bly – State Farm Insurance Agent
2416 W Laskey Rd – Toledo, OH 43613 – (419) 474-9672 - Allstate Insurance: Jennifer Soda Zielinski
2509 W Sylvania Ave Ste 12 – Toledo, OH 43613 – (419) 472-9690 - Great Lakes Insurance Partners
5215 Monroe St # 2 – Toledo, OH 43623 – (419) 841-2000
View more Toledo, OH insurance agents
How to find cheaper insurance for drivers under 21
It is possible to find better rates, and here are some money-saving suggestions that can help Ohio drivers locate more affordable coverage.
- Save money by insuring your home and auto with the same company
- Save money by only buying liability coverage for older vehicles
- Buy a safer vehicle
- Pay cheaper rates with good credit scores
- Increase physical damage deductibles
- Discounts for being claim-free can be substantial
- Shop around for cheaper prices often
The last tip is very valuable, as was affirmed in this piece. Prices charged by car insurance companies can change considerably in a year, so drivers shouldn’t be resistant to buy a different policy if you can save money.
Being loyal to a particular company is commendable, but it’s not recommended if that faithfulness ends up costing you major coinage every year. Take a few minutes and shop around and find cheaper insurance for drivers under 21 in Toledo.