For new drivers, one of the largest components that determine the price you pay for insurance is your zip code in Toledo. Areas with high crime rates or more dense population likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.
The information below rates the priciest cities in Ohio for first-time drivers to buy auto insurance in. Toledo ranks #3 with an annual cost of $1,241 for the average insurance policy, which is approximately $103 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Cleveland | $1,272 |
| 2 | Youngstown | $1,247 |
| 3 | Toledo | $1,241 |
| 4 | Columbus | $1,235 |
| 5 | Cleveland Heights | $1,178 |
| 6 | Cincinnati | $1,174 |
| 7 | Akron | $1,135 |
| 8 | Euclid | $1,129 |
| 9 | Dayton | $1,108 |
| 10 | Springfield | $1,105 |
| 11 | Canton | $1,102 |
| 12 | Hamilton | $1,102 |
| 13 | Newark | $1,095 |
| 14 | Fairfield | $1,085 |
| 15 | Lakewood | $1,063 |
| 16 | Beavercreek | $1,058 |
| 17 | Kettering | $1,040 |
| 18 | Middletown | $1,024 |
| 19 | Parma | $1,007 |
| 20 | Mansfield | $1,002 |
| Compare Prices Now Go | ||
Information shown are comparative as the specific area where the vehicle is garaged can modify premium rates significantly.
The make and model of vehicle you are seeking coverage for is one of the biggest factors when quoting the most affordable insurance for first-time drivers. Vehicles with economical engines, modern passenger safety features, or low incidents of liability claims will cost quite a bit less to insure than higher performance models.
The next list shows coverage premiums for a number of the more affordable automobiles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $5,773 |
| Honda Accord LX-P 4-Dr Sedan | $5,779 |
| Honda CR-V LX 2WD | $5,773 |
| Ford Escape Limited 4WD | $6,179 |
| Toyota Prius | $6,236 |
| Chevrolet Silverado LS Regular Cab 4WD | $6,439 |
| Ford Explorer XLT AWD | $6,493 |
| Toyota Tacoma 4WD | $6,500 |
| Chevrolet Impala LS | $6,792 |
| Ford Focus SE 4-Dr Sedan | $6,800 |
| Jeep Grand Cherokee Laredo 4WD | $6,846 |
| GMC Sierra SLE Regular Cab 2WD | $6,853 |
| Dodge Grand Caravan Hero | $6,846 |
| Toyota RAV4 2WD | $6,856 |
| Chevrolet Malibu Hybrid | $6,846 |
| Ford F-150 Lariat Super Cab 4WD | $6,902 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $7,190 |
| Compare Rates Now Go | |
Data variables include single male driver age 16, 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 specific garaging location which can influence coverage prices considerably.
Looking at the numbers, makes and models like the Hyundai Elantra, Honda Accord, and Honda CR-V are a few of the cheapest vehicles to insure for new drivers. The price of auto insurance will be higher anyway because of the fact that there is more liability exposure for first-time drivers, but in general those particular vehicles will tend to have the best insurance prices compared to other types of vehicles.
Careless Toledo drivers pay higher rates
The ideal way to maintain low auto insurance premiums in Ohio for new drivers is to be a good driver and avoid tickets and accidents. The diagram below highlights how traffic violations and accidents increase insurance costs for each age group. The information is based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of an auto insurance policy in Ohio per year with no accidents and a clean driving record is $1,102. Factor in two speeding tickets and the average cost rises to $1,560, an increase of $459 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of auto insurance for first-time drivers increases to an average of $3,368. That’s an increase of $2,267, or $189 per month, just for not being more responsible behind the wheel!
Ohio auto insurance companies
Choosing a high-quality insurance provider can be rather challenging considering how many choices drivers have in Toledo. The ranking information shown below may help you select which providers you want to consider when trying to find the cheapest insurance for first-time drivers. These ratings are only comprised of major nationwide insurance companies, so companies that focus mainly on Ohio business are not factored into these rankings.
Top 10 Large Auto Insurers in Toledo Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Why are you paying too much for Toledo car insurance?
Toledo, OH auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Simply turning a year older, getting married, or getting a driving violation can cause premium changes resulting in some rates now being more affordable than others.
Not only may your risk profile change, but insurance companies modify pricing as often as every three months in order to offset underwriting gains or losses. An unexpected high level of claims can result in increased rates, while a profitable period may produce cheaper Toledo car insurance rates.
To help illustrate this point, the data below shows the company with the cheapest car insurance in Toledo, OH for a 40-year-old female driver with no accidents or violations, and good financial standing. If we estimate prices based on her current rating profile, Utica National has the lowest car insurance rates in Toledo at $808 a year. This is $232 less than the average price paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers are the remainder of the most affordable Toledo, OH auto insurance companies.
The next chart shows rates after we give the driver in the first chart a couple of claims, bad credit, and an imperfect driving record. Due to the fact that each insurance company has a unique approach to determine rates, getting updated rate quotes may now show a significantly different list of the cheapest car insurance companies in Toledo as shown below.
Cincinnati Insurance now has the cheapest insurance rate in Toledo, OH with Merchants Insurance Group, Motorists Mutual, Grange Mutual, and General Casualty now being in the top five. This shows why drivers need to perform an extensive rate comparison when trying to find the best insurance rates for first-time drivers. Insurance rates are calculated by many factors and can increase or decrease at any time, so the most economical option a year ago may now be wasting a lot of money.
How to find the cheapest auto insurance for first-time drivers
The list below details some of the recommended money-saving suggestions that can help drivers buy cheap car insurance.
- Try to not file small claims
- Violations like speeding or DUI increase rates
- Accidents can significantly increase rates
- Full coverage is expensive so only insure older vehicles for liability only
- Buying your home and auto policies from the same company can earn a discount
- Drive vehicles with five-star safety ratings
- Compare rates regularly to ensure the best deal
That last tip is highly vital, as we stressed in the article above. Auto insurance prices in Toledo can change considerably in a year, so drivers shouldn’t hesitate to change to a new company if a lower-cost policy is available. Brand loyalty is great, but it’s not a good idea if that inflexibility results in costing you big bucks every year. Now is a great time to shop around and find cheaper insurance for first-time drivers.