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.
Find Cheaper Auto Insurance for Hybrids
| 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.
| 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 |
| Find Cheaper Insurance Go | ||
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.
| 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 |
| Compare Rates Now Go | |
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
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Discounts on Toledo auto insurance rates
Auto 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.
- 21st Century has discounts for good student, homeowners, air bags, 55 and older, and defensive driver.
- State Farm includes discounts for anti-theft, student away at school, multiple policy, safe vehicle, and driver’s education.
- AAA offers premium reductions for good student, pay-in-full, good driver, anti-theft, and AAA membership discount.
- Liberty Mutual policyholders can earn discounts including new vehicle discount, exclusive group savings, preferred payment discount, safety features, new graduate, and new move discount.
- Progressive offers discounts for online signing, continuous coverage, good student, multi-policy, and online quote discount.
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.
- Anderson-Miller Insurance
4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 - Stoner Johnson Insurance Agency
2330 Airport Hwy – Toledo, OH 43609 – (419) 385-3101 - Jan Scotland – State Farm Insurance Agent
4806 Dorr St – Toledo, OH 43615 – (419) 536-4200
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.
- Avoid filing excessive claims
- Tickets and violations raise rates
- Avoid accidents
- Buying home and auto insurance together can earn discounts
- Buy a safer vehicle
- Keep rates low by shopping around frequently
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.