The vehicle model on the policy is a large consideration that determines the availability of low-priced car insurance for low mileage drivers. Vehicles with higher performance, a lack of advanced safety features, or a track record of large liability claims will cost much more to insure than more economical and safe models.
The next table ranks insurance premiums for a number of the cheaper vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,301|
|Ford Escape XLS 4WD||$1,425|
|Honda CR-V LX 2WD||$1,435|
|GMC Sierra SLE Regular Cab 2WD||$1,541|
|Toyota RAV4 Sport 2WD||$1,550|
|Hyundai Elantra SE Touring Station Wagon||$1,551|
|Ford F-150 XL Regular Cab 4WD||$1,595|
|Honda Odyssey EX-L||$1,626|
|Ford Edge Limited AWD||$1,635|
|Toyota Camry XLE||$1,626|
|Nissan Rogue SL 2WD||$1,649|
|Chevrolet Impala LS||$1,654|
|Ford Fusion SE 4-Dr Sedan||$1,656|
|Toyota Tacoma 4WD||$1,659|
|Dodge Grand Caravan SE||$1,666|
|Ford Explorer Eddie Bauer AWD||$1,718|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,728|
|Hyundai Sonata SE 4-Dr Sedan||$1,734|
|Chevrolet Malibu LS||$1,739|
|Toyota Corolla S||$1,782|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,813|
|Jeep Grand Cherokee Limited 4WD||$1,857|
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location which can change auto insurance rates noticeably.
Looking at the rates, vehicles like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius should be a few of the cheapest vehicles to insure for infrequent drivers.
Figuring out which companies quote the most affordable car insurance rates for low mileage drivers takes a tad more effort in order to find a policy that fits your budget. Each company has a different process to determine premium rates, so we'll take a look at the car insurance companies with the most affordable rates in Toledo, OH.
It's important that you understand Toledo, OH car insurance rates are calculated based on many things that can increase the cost of having a policy. Turning one year older, buying a new vehicle, or having a fender bender may generate price changes that can make some companies cheaper in comparison to the competition.
Find the Cheapest Car Insurance in Ohio
|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$748|
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Utica National quotes some of the cheapest car insurance rates in Toledo at around $635 per year. This is $405 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the lowest-priced Toledo, OH car insurance companies.
As shown in the rates above, if you are a customer of Frankenmuth and switched to Utica National, you could realize yearly savings of upwards of $66. Policyholders with Travelers might save as much as $91 a year, and USAA insureds might lower prices by up to $98 a year.
To see if you're overpaying, click here to begin a quote or quote rates from the companies below.
Bear in mind that those policy rates are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code for low mileage drivers. So the company that fits your age and vehicle best may not even be in the top 33 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.
For infrequent drivers, one of the big things that help determine the annual cost of car insurance is the neighborhood you call home. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with less people or fewer weather incidents profit from lower rates.
The illustration below lists the highest-priced places in Ohio for low mileage drivers to buy car insurance in. Toledo ranks #1 costing $1,279 for coverage, which is around $107 monthly.
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Rate quotes are estimated as zip code location can revise auto insurance rates noticeably.
Discount Toledo insurance rates
Car insurance companies that offer quotes for low mileage drivers may also offer rate discounts that could reduce prices by 35% or more if you are eligible to receive them. Larger car insurance companies and some of the premium reductions they offer are outlined below.
- State Farm policyholders can earn discounts including multiple policy, Steer Clear safe driver discount, passive restraint, good driver, and driver's education.
- Progressive offers discounts for good student, multi-vehicle, multi-policy, online signing, online quote discount, homeowner, and continuous coverage.
- Travelers offers premium reductions for driver training, home ownership, payment discounts, continuous insurance, multi-car, and student away at school.
- American Family may offer discounts for TimeAway discount, air bags, bundled insurance, mySafetyValet, defensive driver, early bird, and good student.
- Liberty Mutual has discounts for new vehicle discount, preferred payment discount, new graduate, newly retired, and teen driver discount.
The chart below compares yearly insurance costs with and without policy discounts. The costs are based on a male driver, no claims or driving citations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, defensive driving course, marriage, vehicle safety, claim-free, and multiple policy discounts applied. When discounts are factored in, theamount saved on car insurance for low mileage drivers is 27% or $358.
The diagram below shows how different deductible levels can affect insurance costs when searching for cheap insurance for low mileage drivers. The rate quotes are based on a single male driver, full coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower rates by $224 a year by increasing from a $100 deductible up to a $500 deductible, or save $338 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could roll back prices up to $734 annually just by choosing larger deductibles. When using a larger deductible, it will be required to have plenty of money set aside to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Picking a highly-rated insurance company can be difficult considering how many choices there are in Toledo. The rank data shown below may help you choose which providers to look at when comparing auto insurance rates for low mileage drivers.
These rankings include companies with a nationwide focus, so companies that have a smaller presence are not included in the list. If you would like to check rates from these and other competitive companies, click here.
Top 10 Large Auto Insurance Providers in Toledo Ranked by Customer Satisfaction
- USAA - 92%
- Erie Insurance - 88%
- American Family - 88%
- State Farm - 88%
- Nationwide - 88%
- 21st Century - 88%
- AAA Insurance - 87%
- Liberty Mutual - 87%
- Farmers Insurance - 87%
- The Hartford - 87%
Top 10 Large Auto Insurance Providers in Toledo Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
How to find more affordable auto insurance for low mileage drivers
Lowering your rates is not difficult, and here are many thrifty solutions that can help Ohio drivers buy cheap car insurance.
- Higher credit scores may earn you cheaper rates
- Drive attentively and avoid accidents
- Buying your home and auto policies from the same company can earn a discount
- If your vehicles are older, consider dropping full coverage
- Get cheaper liability coverage by choosing a safer vehicle
- Compare rates regularly to ensure the best deal
That last piece of advice is particularly critical, as was affirmed in the prior information. Coverage prices in Toledo fluctuate considerably, so don't be tentative to change insurance companies if you find a better deal.
Staying with the same company for years is fine, but it isn't a good idea if that faithfulness ends up costing you hundreds of dollars a year. In less than five minutes you could compare rates and find cheaper auto insurance for low mileage drivers.
The auto insurance agents in Toledo shown below can help you decide which car insurance policy is best, since lots of people like to get some professional input when buying car insurance for low mileage drivers. It's not always simple to find the best policy on your own, so using a licensed agent can give peace of mind knowing your coverage gives you adequate protection in the event of a claim.
To locate a Toledo car insurance agency in your neighborhood, click the link after the list.
Matt Vierk - State Farm Insurance Agent
5650 W Central Ave, Ste AA - Toledo, OH 43615 - (419) 843-4001
Stoner Johnson Insurance Agency
2330 Airport Hwy - Toledo, OH 43609 - (419) 385-3101
Allstate Insurance: Jennifer Soda Zielinski
2509 W Sylvania Ave Ste 12 - Toledo, OH 43613 - (419) 472-9690
Knight Insurance Group
22 N Erie St - Toledo, OH 43624 - (419) 241-5133