What Car Insurance is Cheapest for Hybrid Vehicles in Toledo?

You have most likely watched the catchy commercials from companies like Liberty Mutual and Progressive that say if you switch you’ll get huge savings. So drivers should just choose the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are a whole bunch of unknown factors like what liability limits you need, whether you are male or female, and how far you drive each year, that all help calculate your car insurance rates. We will try to cover the best ways to find cheap auto insurance and should give you a good start in finding the cheapest insurance in Toledo.

Figuring out which company has the cheapest auto insurance rates for hybrid vehicles requires a tad more effort in order to find the best price.

Each company uses their own formula to determine rates, so let’s look at the rankings for the auto insurance companies with the overall cheapest rates in Ohio.

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Who has the cheapest car insurance in Ohio?
Rank Company Cost Per Year
1 Utica National $654
2 Erie $661
3 Allied $676
4 Frankenmuth $708
5 Travelers $712
6 USAA $719
7 Merchants Insurance Group $771
8 Cincinnati Insurance $772
9 Grange Mutual $804
10 General Casualty $805
11 Motorists Mutual $816
12 Central Mutual $840
13 Hastings Mutual $884
14 State Farm $894
15 Westfield $918
16 Atlantic States $931
17 Western Reserve $961
18 Auto-Owners $968
19 Progressive $982
20 Nationwide $1,018
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Utica National generally has some of the cheapest car insurance rates in Toledo at around $654 a year. This is $386 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers are also some of the best Toledo, OH insurance companies.

In the rate table above, if you are a policyholder with Frankenmuth and switched to Erie, you could see annual savings of upwards of $47. Policyholders with Travelers could save as much as $51 a year, and USAA customers might lower prices by $58 a year.

These premium estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a specific zip code for hybrid vehicles. So the car insurance company that is best for you may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own driver and vehicle profiles.

One of the many criteria that aid in calculating the amount you pay each year for auto insurance is where you live in Toledo. Areas with a lot of weather claims or more people will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The following table lists the most expensive places in Ohio for hybrid vehicles to purchase auto insurance in. Toledo is ranked at #3 with an annual cost of $1,229 for car insurance, which is around $102 monthly.

How much does auto insurance cost in Toledo?
Rank City Annual Rate
1 Columbus $1,235
2 Youngstown $1,235
3 Toledo $1,229
4 Cleveland $1,222
5 Cincinnati $1,186
6 Cleveland Heights $1,166
7 Euclid $1,164
8 Dayton $1,154
9 Akron $1,135
10 Canton $1,102
11 Hamilton $1,102
12 Springfield $1,094
13 Fairfield $1,063
14 Newark $1,063
15 Lakewood $1,063
16 Kettering $1,051
17 Beavercreek $1,047
18 Cuyahoga Falls $1,037
19 Strongsville $1,031
20 Middletown $1,024
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Rates are estimated as specific Toledo zip code can impact premiums considerably.

The vehicle requiring insurance is one of the biggest factors that determines the availability of the most economical insurance for hybrid vehicles. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of liability claims will cost much less to insure than higher performance models.

The table below shows insurance costs for some of the most affordable vehicles to insure in Ohio.

Cheapest Vehicles to Insure in Toledo, OH
Insured Vehicle Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,223
Honda CR-V EX 4WD $1,251
Dodge Grand Caravan SE $1,372
Ford Escape XLT 4WD $1,434
Toyota RAV4 Sport 4WD $1,447
Toyota Tacoma Double Cab 4WD $1,452
Chevrolet Silverado LS Regular Cab 2WD $1,450
Hyundai Elantra SE Touring Station Wagon $1,520
Honda Odyssey EX-L $1,525
Toyota Camry SE $1,532
Volkswagen Jetta SEL 4-Dr Sedan $1,553
Chevrolet Equinox LS AWD $1,661
Toyota Prius $1,668
Chevrolet Malibu LT $1,693
Ford F-150 Lariat Crew Cab 4WD $1,703
Nissan Altima 2.5 S 4-Dr Sedan $1,748
Dodge Ram Crew Cab ST 2WD $1,811
Chevrolet Silverado 3500HD LT Crew Cab 2WD $1,820
Ford Explorer Eddie Bauer 4WD $1,814
Ford Fusion Hybrid 4-Dr Sedan $1,831
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Estimates do not factor in garaging location in Toledo, OH which can lower or raise coverage prices significantly.

Based upon the rates shown, we can conclude that vehicles like the Honda Accord, Honda CR-V, Dodge Grand Caravan, Ford Escape, and Toyota RAV4 will be the more affordable vehicles to insure for hybrids.

Finding the top insurance company can be rather challenging considering how many companies there are in Toledo. The ranking data displayed below could help you analyze which insurers you want to consider purchasing from. These rankings only include the companies with a significant amount of written premium nationwide, so companies without a large exposure are not included in this list.

Top 10 Major Auto Insurance Companies in Toledo Ranked by A.M. Best Rating

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Progressive – A+
  7. Erie Insurance – A+
  8. The Hartford – A+
  9. Nationwide – A+
  10. Esurance – A+

Discounts on Toledo auto insurance rates

Discounts on auto insurance for hybrid vehiclesAuto insurance companies that offer quotes for hybrid vehicles may also provide premium discounts that could potentially reduce rates by 40% or more if you can meet the requirements. A few popular companies and the discounts they provide are included below.

The example below compares insurance prices with and without some available policy discounts. The costs are based on a female driver, no claims or driving violations, Ohio state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, defensive driving course, accident-free, passive restraint, multiple vehicle, and anti-theft discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for hybrid vehicles is 27% or $307.

If you have coverage questions and would like to get help from a professional when shopping around for cheaper insurance for hybrid vehicles, the agents shown below can probably provide answers to your questions and help you determine which car insurance company is the best fit.

To locate a Toledo auto insurance agent using an interactive map, click the link at the bottom or click here to compare price quotes now.

More Toledo, OH insurance agents

How to find cheaper insurance for hybrid vehicles

Below you’ll find some of the better money-saving suggestions that can help Toledo drivers get low-cost coverage.

That final tip is remarkably vital, as we stressed in this piece. Prices charged by auto insurers in Toledo change a lot, so drivers shouldn’t hesitate to switch companies if a cheaper price is available.

Many drivers have brand loyalty and that’s fine, but it’s not recommended if that devotion results in you overpaying money that could be used for better things. Take a couple minutes and compare prices and find cheaper insurance for hybrid vehicles.