The words “affordable” and “insurance” really don’t belong together, specifically when searching for the best car insurance for 18 year olds. Let’s take a look at some situations that have an effect on auto insurance prices, and find a few ways to cut the cost of your next policy.
Finding out which companies quote the best car insurance rates for 18 year olds calls for a little more effort in order to find coverage that fits your budget. Each auto insurer uses their own formula for filing rates in each state, so to begin we’ll rank the car insurance companies with the most affordable rates in Toledo, OH.
It’s important that you understand Toledo, OH car insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Simply having a birthday, moving to a different location, or getting a ticket for careless driving can trigger rate changes resulting in some rates now being cheaper than competitors.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $681 |
| 3 | Allied | $690 |
| 4 | Travelers | $705 |
| 5 | Frankenmuth | $708 |
| 6 | USAA | $719 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Motorists Mutual | $800 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $837 |
| 12 | Central Mutual | $866 |
| 13 | State Farm | $867 |
| 14 | Hastings Mutual | $893 |
| 15 | Westfield | $908 |
| 16 | Atlantic States | $931 |
| 17 | Auto-Owners | $958 |
| 18 | Western Reserve | $970 |
| 19 | Progressive | $991 |
| 20 | Farmers | $1,025 |
| Quote Your Rates Go | ||
Utica National may have some of the lowest 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. Erie, Allied, Travelers, and Frankenmuth also rank well as some of the cheaper Toledo, OH car insurance companies.
In the rate table above, if you are insured with Allied and switched to Utica National, you may see savings of in the neighborhood of $43. Insureds with Travelers could save as much as $58 a year, and Frankenmuth insureds might see rate reductions of $61 a year.
Remember that these policy prices are averages across all insureds and vehicles and do not factor in a specific zip code for 18 year olds. So the auto insurance company that has the cheapest rates for you may not even be in the top 33 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
The make and model of vehicle you are insuring is a large consideration when looking for the lowest-priced car insurance for 18 year olds. Vehicles with higher performance characteristics, a lack of advanced safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models.
The data below outlines auto insurance premiums for a number of the most cost-effective vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $4,119 |
| Ford Escape Limited 2WD | $4,165 |
| Toyota Prius | $4,488 |
| Ford Explorer Eddie Bauer 2WD | $4,610 |
| Dodge Grand Caravan CV | $4,619 |
| Ford Focus S 4-Dr Sedan | $4,842 |
| Ford Edge SEL AWD | $4,852 |
| Honda Odyssey EX W/Rear Entertainment | $4,842 |
| Chevrolet Impala LT | $4,888 |
| Chevrolet Silverado LS Extended Cab 4WD | $4,893 |
| Chevrolet Equinox LT AWD | $4,888 |
| Volkswagen Jetta LE 4-Dr Sedan | $4,898 |
| Toyota RAV4 Sport 2WD | $4,888 |
| Chevrolet Malibu LS | $4,896 |
| Toyota Tacoma Double Cab 4WD | $4,934 |
| Ford F-150 Lariat Super Cab 2WD | $4,939 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $5,074 |
| Toyota Corolla XLE | $5,166 |
| Hyundai Elantra SE 4-Dr Sedan | $5,174 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $5,211 |
| Jeep Grand Cherokee SRT-8 4WD | $5,218 |
| Kia Optima LX | $5,275 |
| Nissan Rogue S AWD | $5,280 |
| Compare Cheap Rates Go | |
Data based on single female driver age 18, 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 zip code location which can modify auto insurance rates greatly.
Looking at the data, makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Ford Explorer, and Dodge Grand Caravan will be the less-costly vehicles to insure for teen drivers. Auto insurance rates will tend to be more expensive anyway because of the fact that there is more exposure for 18 year olds, but overall those models will probably have the least expensive rates compared to all other vehicles.
One of the many things that aid in calculating the amount you pay for auto insurance is where you choose to live in Toledo. Areas with more people or more claims will most likely pay more, whereas more rural areas receive better rates.
The information below sorts the most expensive cities in Ohio for 18 year olds in which to purchase auto insurance. Toledo makes the list at #4 with an annual cost of $1,229 for the average insured, which is about $102 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Cleveland | $1,259 |
| 2 | Youngstown | $1,247 |
| 3 | Columbus | $1,235 |
| 4 | Toledo | $1,229 |
| 5 | Cincinnati | $1,222 |
| 6 | Cleveland Heights | $1,202 |
| 7 | Euclid | $1,164 |
| 8 | Dayton | $1,142 |
| 9 | Akron | $1,123 |
| 10 | Hamilton | $1,113 |
| 11 | Canton | $1,091 |
| 12 | Springfield | $1,072 |
| 13 | Lakewood | $1,063 |
| 14 | Newark | $1,053 |
| 15 | Fairfield | $1,053 |
| 16 | Kettering | $1,051 |
| 17 | Parma | $1,027 |
| 18 | Middletown | $1,024 |
| 19 | Beavercreek | $1,016 |
| 20 | Strongsville | $1,011 |
| 21 | Cuyahoga Falls | $997 |
| 22 | Mansfield | $992 |
| 23 | Lorain | $985 |
| 24 | Mentor | $978 |
| 25 | Elyria | $965 |
| Compare Prices Now Go | ||
Rate information is approximated as zip code location can revise insurance rates significantly.
Careless driving habits raise car insurance rates
The obvious way to snag affordable car insurance rates for teen drivers is to be a cautious driver and avoid accidents and keep your driving record clean. The chart below illustrates how speeding tickets and at-fault collisions can drive up auto insurance costs for different age groups of insureds. Data assumes a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,279. Add in one speeding ticket and the average cost increases to $1,444, an increase of $165 each year. Then add one accident along with the one speeding ticket and the 12-month cost of car insurance for 18 year olds increases to an average of $1,901. That’s an increase of $622, or $52 per month, just for not being more responsible behind the wheel!
Selecting the best auto insurance company can be a challenge considering how many choices drivers have in Ohio. The company ratings listed below can help you select which car insurance providers to look at when buying insurance for 18 year olds.
These rankings include the largest companies in the United States, so smaller regional companies are not factored into these rankings. To compare prices from the most competitive companies in Ohio, click this link.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to find the cheapest auto insurance for 18 year olds
The list below shows some of the better penny-pinching solutions that can help Ohio drivers buy low-cost coverage.
- Buying home and auto insurance together can earn discounts
- At-fault accidents can raise rates significantly
- Good credit scores may make rates cheaper
- Safer vehicles generally have cheaper insurance rates
- Don’t waste money on full coverage for older vehicles
- Shop around for cheaper prices
The last idea is extremely significant, as we pointed out in this article. Prices in Toledo can change in a short period of time, so don’t be afraid to buy from a new company if you find a better deal. Being loyal to a particular company is commendable, but it’s not a great idea if that faithfulness ends up costing you money that could be going to better use. In less than five minutes you could shop around to find cheaper insurance for 18 year olds.
If you wish to get help from a professional when shopping for cheaper insurance for teen drivers, the insurance agencies below can most likely help you decide which coverages you need. To find a Toledo insurance agency closest to you, click the button after the list or click here to compare prices now.
RBI Insurance and Financial Services
3421 N Holland Sylvania Rd – Toledo, OH 43615 – (419) 841-4446
Eric Price – State Farm Insurance Agent
2600 N Reynolds Rd #104b – Toledo, OH 43615 – (419) 536-6030
Great Lakes Insurance Partners
5215 Monroe St # 2 – Toledo, OH 43623 – (419) 841-2000