Cheap Car Insurance In Ohio

Ohio residents have to protect their cars (or trucks) from theft or damage and themselves in case of accidents. Liability insurance is more important since it insures you against damage you inflict to others and their cars in an accident. This is where your insurance agent shines. You can rest assured and we will sort out all matters relating to the destruction of property, liability, and any other auto insurance features that you might require. This can include paying medical bills, reimbursing uninsured drivers, and soon. Unique situations may arise where you might have to customize your insurance policy to match your specific requirements. These include situations like installing special audio tools in your cars, using your car for business purposes, and other drivers, particularly teenage drivers, using your car. In these kinds of unique situations, trust us to have your best interests at heart.

OH auto insurance quotes are readily accessible to source on comparison sites. Your goal should always be to pick both the policy and insurer that completely suits you. Certainly, there is no such thing as a one size fit all when it comes to insurance. This is why competition benefits insurance clients.

To this end, there are companies that are specifically designed to match the needs of a certain kind of driver. Companies do this to corner parts of the market for themselves. This usually breaks clients into low-risk or high-risk clients and provides such clients with lower premium rates to better attract them. You might be wondering why companies target high-risk drivers. Well, while these drivers pose a higher risk to the company, they also end up bringing in more profit for the company. To better your chances of getting a cheap insurance quote, you can use our online service to compare quotes from the comfort of your home and avoid the pressure from sales units of many insurance companies.

Who Has The Cheap Car Insurance In Ohio?

You can find some of Ohio’s cheapest car insurance policies at Grange Insurance. The company boasts of a stable financial capability and has received an A-rating from AM best to this effect. You can depend on Grange Insurance to pay out claims as soon as possible, thanks to this.If you are big on customer support and service, though, Grange insurance isn’t exactly the best in this regard. JD Power studies rate the company as average at best in this regard. You shouldn’t expect excellent customer support, but you can be assured that your complaints will be adequately attended to.

So if you are looking for cheap OH auto insurance, Grange Insurance should be the place to start. The company offers you coverage at the lowest possible rates. You will not find many companies that will offer you the same services at the same rates.

Who Has The Best Car Insurance In Ohio?

The answer to this question is simple and straightforward; Erie Insurance. The company was ranked among the best car insurance companies in Ohio by the JD Power study conducted in 2018. It wins out in both aspects of affordable rates and excellent customer satisfaction.

This is why it is believed to be the best auto insurance company in Ohio.Suppose you pick Erie Insurance as your provider. In that case, you can expect great policy offers, quick payout on claims, and top-notch customer relations. The company is an excellent choice if you are looking for the best of the best of OH auto insurance.

Top OH Auto Insurance Companies

When trying to find the best car insurance companies in Ohio, most residents end up picking one of the companies in the top five. These pickings usually feature the likes of Erie, USAA, and GEICO.

To help you pick the right insurance company for your purposes, we have compiled a list of the top ten OH auto insurance companies.

USAA ($507 annually)
GEICO ($572 annually)
Erie ($618 annually)
American Family ($658 annually)
State Farm ($679 annually)
Allstate ($803 annually)
Progressive ($812 annually)
Nationwide ($829 annually)
Travelers ($855 annually)
Farmers ($979 annually)

This list ranks the companies based on the average affordability. When looking for across the board, cheap car insurance Ohio residents can use any of these top ten companies.The figures given on the list are only estimates; your costs may differ based on the terms of your policy. You should contact your provider for more detailed information.

Based on data gotten from studies conducted by AM Best and JD Power, you can expect excellent customer service as well as quick claims processing from any of the companies on this list.

For example, USAA has 5 stars out of 5 when rated in terms of Affordability, User Satisfaction, and Claims Ratings. It also has an A++ rating when it comes to financial stability. Erie Insurance boasts 5 stars out of 5 in User satisfaction and affordability. Claims Ratings has a 4 out of 5 ratings, and financial stability is rated A+

Regardless of the company you choose to go with, as long as it is on this list, you are going with one of the best car insurance companies in Ohio.

Average Cost Of Car Insurance In Ohio

When it comes to cheap car insurance, Ohio residents do a little better than most. OH auto insurance can cost an average of $1037 annually. This value brings it to about 27% less than the annual national average paid on car insurance.

Minimum Car Insurance Requirements In Ohio.

Insurance is not exactly mandatory in Ohio. While most other states have a minimum requirement for liability coverage, Ohio is one of those that has no such requirement.Instead, you need only show your proof of Financial Responsibility (FR), and you are good to go. Despite this, OH auto insurance is still a big deal. After all, having insurance is still a good idea.

If you do choose to toe the insurance route, the state of Ohio does set the following minimum requirements.

$25000 bodily harm or injury liability coverage for one accident and $50000 for all the people involved in an accident
$25000 property liability coverage for an accident
A certificate of financial responsibility was obtained at the Ohio Bureau of Motor Vehicles.

These minimum requirements are the typical requirements in most states in the US. It is common for drivers to worry that they aren’t covered by the minimum insurance requirement when an accident occurs. Also, they might be concerned about the costs of getting even more coverage.The Ohio Department of Insurance allays these fears. It should be noted that the number of providers present in the state lowers the insurance rates when compared to the rates of other states. So if you want more coverage and are concerned about costs, you only need to compare as many providers as possible to get cheap insurance quotes, Ohio.

If you opt not to get insurance, there are still some things that are required of you.

$30000 minimum deposit (Bonds or cash) with Ohio’s state treasurer
A certificate from the Ohio Bureau of Motor Vehicles for $30000. This certificate must be signed by two individuals who have real estate equity worth a minimum of $60000
A certificate of financial responsibility was obtained at the Ohio Bureau of Motor Vehicles.

In the event of an accident and the police arrive at the scene, you will need to present your proof of financial responsibility, regardless of whether you have insurance or not.

How To Get Cheap Auto Insurance Quotes In Ohio

States and companies have different ways to offer clients cheap car insurance; Ohio is no different. You can expect to get cheap OH auto insurance through the following means;

Typical discount offers, such as bundling your car insurance with another insurance policy (homeowner or renter’s insurance.)
Getting insurance coverage on multiple cars from the same company.
Military service or good student discounts, depending on your company.
Taking out a policy with a high deductible. (You will pay off more out of your pocket when an accident occurs)
Some companies also give cheap auto insurance Ohio quotes if you have a history as a good driver.

There are many ways to get cheap car insurance, Ohio. You should ask your provider for more information on how to get even more discount on your rates.

*Note that picking a higher deductible is often not the best way to get cheap car insurance. Ohio particularly allows you to do without insurance coverage. So if you can pay off a huge portion of your claim out of your pocket ($30,000), then you might not even need to take out an insurance policy.

Is OH Auto Insurance A No-fault State?

Ohio operates on a “fault” basis in cases of financial responsibility for any loss arising from a car accident. This means whoever is determined to be at fault for an accident bears all the financial compensations for harm resulting from the accident. Typically, suppose you have an insurance policy. In that case, your provider is responsible for these costs up to the limits of your policy.

In the state of Ohio, all persons who are injured or harmed in an auto car crash can choose to do things in the following three ways.

They can choose to file a claim with their insurance provider. This assumes that the loss is covered by their insurance policy. Most times, the harmed persons’ insurance company will chase a subrogation claim from the at-fault driver’s provider.
He or she can also proceed to file a third-party claim at the insurance provider of the driver who is at fault.
They can also choose to sue the at-fault driver.

In states that operate a “no-fault” system, claimants do not have this choice of options. Instead, they can only file a claim at their own insurance company. This usually means that all medical bills and repair costs will be covered by you and your insurance provider.

Ohio shares borders with three states that operate a “no-fault” system; Pennsylvania, Michigan, and Kentucky. If you do get into an accident beyond Ohio’s state lines, then different rules will apply.

Car Insurance Rates In Ohio By Credit Score

Many factors go into calculating what your insurance rates will be. These include your age, state of residence, and your credit score. Not many know this, but your credit score plays a very important role in determining the rates on your cheap car insurance. Ohio rewards drivers with excellent credit ratings with lower rates than those with not so excellent credit ratings.Typically, if you have great credit ratings, your rates can go as low as $75.56 on a monthly average. If you have good or poor credit scores, then you can expect $87.04 or $94.91 as your average monthly payment.

So if you have great credit scores, and add up other discounts offered by your provider, then you can expect cheap car insurance Ohio.

Ohio Car Insurance Rates Per Vehicle

Another factor that goes into determining the rates on your insurance is the type of vehicle you are insuring. If your car comes with a lot of safety devices or features, then it might end up earning you fewer rates on your policy. Cheaper cars are also more likely to incur lower insurance rates than expensive ones.

The model of your car also matters. If it’s a brand or model that is likely to be stolen, then your insurance rates might be higher than normal. Also, since SUVs and pickup trucks stand a better chance of surviving an accident, then your rates on such cars might not be as high.

Below is a list of Ohio’s most popular cars.

Honda Civic
Chevrolet Cruze
Ford Focus
Ford F-150
Honda Accord
Ford Escape
Chevrolet Equinox
Honda CR-V
Toyota Camry
Chevrolet Silverado

Suppose you are planning on purchasing a car and you intend to take out an insurance policy on it. In that case, you should consider the make and model to get cheap auto insurance Ohio.

Best Coverage For Multiple Cars OH Auto Insurance

GEICO stands at the top in this regard. It’s kind of tough to beat their multi-car discount offers on their cheap auto insurance Ohio. The company operates on a majorly online platform. This lets them offer clients a discount of up to 25% off when they insure more than one car with GEICO.

It should be noted that despite being a mostly online company, GEICO still has a reputation as one of the best providers in the country. AM Best gives it an A++ rating. This speaks volumes about the company’s financial stability and capabilities. Not only do you get great discounts when you insure multiple cars with GEICO, earning cheap auto insurance Ohio for yourself, but you are assured of their ability to pay off your claims.

Car Insurance Discounts in Ohio.

Ohio offers car insurance that is very affordable. Insurance companies take things a step further by offering clients a chance to save on their premiums. Some companies, for example, reward you for paying your policy in full in one go. Having additional safety features on your car can also earn you some discounts.

Here are some of the best car insurance companies in Ohio and the discounts they offer

GEICO:

Multi-Policy discount
Good Student Discount
Vehicle Safety Equipment Discount
Anti-theft Equipment Discount
Good Driving History Discount

Erie:

Multi-Policy Discount
Paid-in-Full Discount
Vehicle Safety Equipment Discount
Anti-theft Equipment Discount
Good Driving History Discount

Auto-Owners:

Multi-Policy discount
Paid-in-Full Discount
Good Student Discount
Vehicle Safety Equipment Discount
Anti-theft Equipment Discount
Good Driving History Discount

Westfield:

Multi-Policy discount
Good Student Discount
Good Driving History Discount

Grange:

Multi-Policy discount
Paid-in-Full Discount
Good Student Discount
Good Driving History Discount

Top 10 Cheapest Cities For Car Insurance Quotes In Ohio

Living in any of these cities ensures that you pay some of the lowest possible insurance rates in the state of Ohio. Our studies reveal that those living in Ashtabula pay the lowest insurance rates in the state, about $70.30 monthly.

Cities with low insurance rates in Ohio include

Ashtabula, Ohio $70.30 monthly
Zanesville, Ohio $80.01 monthly
Lima, Ohio, $80.60 monthly
Middletown, Ohio $81.87 monthly
Findlay, Ohio $81.97 monthly
Mansfield, Ohio $85.06 monthly
Canton, Ohio $85.74 monthly
Springfield, Ohio $85.87 monthly
Marion, Ohio $86.70 monthly
Sandusky, Ohio $86.75 monthly

Note: that your rate might differ based on the terms of your policy and the amount of coverage you are asking for.So if you live in any of these cities, you can rest assured that you are getting the lowest rates around.

Cheap Auto Insurance In Ohio for Minimum Coverage

If you are opting for minimum insurance coverage, your best options for cheap auto insurance Ohio is

Erie $216 annually
Grange $238 annually
Auto-Owners $294 per year
GEICO $310 annually
Cincinnati Insurance $393 annually

These rates are for drivers with a good driving history and an excellent credit score. While the minimum coverage isn’t recommended, seeing as it doesn’t pay off all the bills you might incur, it is still much better than having no cover at all. If you want your rates to go even lower, then you can ask your provider for more information about the kinds of discounts they offer. It is also good practice to get quotes from at least three companies before deciding on the company to go with.

Cheap Car Insurance In Ohio by Age

Usually, insurance providers charge their younger clients more while providing the older and more experienced drivers with special discounts. The reason for this is simple. Younger drivers lack the necessary experience and are deemed to have a higher risk of getting into a car crash.Ohio sees the typical teenage driver paying an average of $160 each month on insurance. On the other hand, drivers in their 40s pay about $73.91 on average each month.

The typical monthly rates for drivers by age are

16-20 years $160.71 per month
The 20s $106.95 per month
The 30s $77.44 per month
The 40s $73.91 per month
The 50s $68.48 per month
The 60s $68.46 per month
In the 70s $82.59 per month
In the 80s $91.87 per month

These rates are average monthly rates based on age calculations alone. Your actual rate may differ based on several other factors. Also, the rate goes back up as time passes, starting from the 70s, because much older drivers have a higher risk of getting into car crashes.