Who Has Cheap Auto Insurance for Drivers Over Age 60 in Toledo?

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This article would sure be shorter if we could just give you the name of the one best company that has the cheapest rates in Ohio. Regrettably, it's not quite that easy, as there are a lot of unknown elements such as your credit score, if you own or rent your home, your annual mileage driven, and whether or not your vehicle has good safety ratings. If you keep reading, we will teach you about some of these factors and also should give you a good beginning to your search for cheaper coverage.

For older drivers, one of the largest criteria that are used to help calculate car insurance rates is your address. Areas with increased crime or more people likely pay more, whereas areas with less congestion benefit from lower coverage costs.

The next table rates the most expensive cities in Ohio for drivers over age 60 in which to buy car insurance. Toledo is ranked at #3 with a yearly cost of $1,229 on average, which is approximately $102 per month.

Car insurance prices in Toledo
Rank City Annual Premium
1 Columbus $1,247
2 Youngstown $1,235
3 Toledo $1,229
4 Cleveland $1,222
5 Cincinnati $1,186
6 Euclid $1,175
7 Akron $1,169
8 Cleveland Heights $1,166
9 Hamilton $1,135
10 Dayton $1,120
11 Fairfield $1,095
12 Lakewood $1,063
13 Springfield $1,061
14 Canton $1,058
15 Middletown $1,055
16 Newark $1,053
17 Strongsville $1,041
18 Mansfield $1,032
19 Beavercreek $1,027
20 Parma $1,027
21 Cuyahoga Falls $1,027
22 Kettering $1,020
23 Mentor $1,018
24 Lorain $1,015
25 Elyria $965
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Premium amounts are approximated as the specific area where the vehicle is garaged can raise or lower coverage rates significantly.

Finding out which companies have the most affordable auto insurance rates for drivers over age 60 will involve a bit more work in order to find a policy that fits your budget. Each auto insurance company uses their own calculation for filing rates in each state, so let's examine the most competitive auto insurance companies in Toledo, OH.

It's important to know that Toledo auto insurance rates are influenced by many factors which can substantially change the cost of coverage. Getting older, having a teenage driver, or getting caught speeding may prompt premium changes that can now make some companies more affordable than the competition.

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Cheapest Ohio car insurance ranked by price
Rank Company Cost Per Year
1 Utica National $628
2 Erie $667
3 Allied $676
4 Frankenmuth $680
5 Travelers $705
6 USAA $741
7 Merchants Insurance Group $755
8 Cincinnati Insurance $779
9 Motorists Mutual $792
10 Grange Mutual $828
11 General Casualty $829
12 Central Mutual $874
13 Hastings Mutual $893
14 State Farm $894
15 Atlantic States $913
16 Westfield $936
17 Western Reserve $961
18 Progressive $962
19 Auto-Owners $988
20 Farmers $995
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Utica National has some of the best car insurance rates in Toledo at around $628 annually. Erie, Allied, Frankenmuth, and Travelers are also some of the lowest-priced Toledo, OH insurance companies.

As shown above, if you currently have coverage with Frankenmuth and switched to Utica National, you could see savings of roughly $52. Insureds with Travelers could save as much as $77 a year, and USAA customers might cut rates by $113 a year.

It's important to note that these premium estimates are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for drivers over age 60. So the car insurance company that fits you best may not even be in the top 33 companies shown above. That points out the importance of why you need to quote rates from many companies using your own driver data and vehicle information.

The vehicle model that needs insurance is one of the largest factors when comparison shopping for the lowest-priced coverage for drivers over age 60. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The information below features insurance prices for a number of the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure in Toledo, OH
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,213
Honda CR-V EX 4WD $1,238
Ford Escape Limited 2WD $1,246
Volkswagen Jetta S 2.5 Station Wagon $1,316
Honda Accord EX-L 4-Dr Sedan $1,324
Toyota Prius $1,344
Ford F-150 STX Super Cab 4WD $1,387
Honda Odyssey EX W/Rear Entertainment $1,412
Honda Civic DX 4-Dr Sedan $1,421
Toyota RAV4 Limited 2WD $1,437
Chevrolet Impala LT $1,445
Nissan Altima 2.5 4-Dr Sedan $1,437
Chevrolet Equinox LS AWD $1,446
Chevrolet Malibu Hybrid $1,437
Chevrolet Silverado LT Extended Cab 4WD $1,443
Ford Explorer Eddie Bauer AWD $1,465
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,473
Dodge Grand Caravan Crew $1,465
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,477
Toyota Corolla S $1,513
Toyota Camry XLE $1,518
Ford Edge Sport AWD $1,513
Jeep Grand Cherokee SRT-8 4WD $1,540
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Data based on single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can increase or decrease coverage prices significantly.

Looking at the numbers, models like the Hyundai Elantra, Honda CR-V, Ford Escape, Volkswagen Jetta, and Honda Accord are likely to be some of the most economical vehicles to insure for older drivers.

Discounts on Toledo insurance

Save on auto insurance for older drivers in ToledoAuto insurance companies that provide policies for drivers over age 60 may also offer special discounts that could potentially reduce rates by 35% or more if you meet specific eligibility requirements. Large auto insurance companies and some of the discounts are outlined below.

The illustration below illustrates the comparison of insurance prices with and without discounts applied to the policy rates. The information is based on a female driver, no violations or claims, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, multiple vehicle, multiple policy, passive restraint, defensive driving course, and vehicle safety discounts applied. When discounts are applied, the average savings per year on auto insurance for drivers over age 60 is 29% or $359.

The information below demonstrates how deductibles can change yearly insurance costs when trying to find cheap insurance for drivers over age 60. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

As shown above, a 50-year-old driver could lower their policy premium by $156 a year by increasing from a $100 deductible to a $500 deductible, or save $234 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could roll back prices $384 or more just by using higher deductibles.

If you do decide to increase your deductibles, it will be necessary to have additional funds in a savings account to be able to pay the extra out-of-pocket expense that is associated with using high deductibles.

How to find budget-friendly auto insurance for drivers over age 60

Below you'll find a few penny-pinching suggestions that can help Toledo drivers quote lower-cost auto insurance.

The last suggestion is especially vital, as we discussed in the article above. Insurance rates in Toledo can change considerably based on profitability, so don't be hesitant to switch to a new company if a more affordable rate is found.

Having a favorite company is great, but it's not recommended if that devotion results in you overpaying hundreds of dollars year after year. Take a few minutes and compare rates to find cheaper insurance for drivers over age 60.

If you have questions and prefer to have the advice of a professional agent when trying to find lower insurance rates for older drivers, the insurance agencies below can most likely help you determine which auto insurance policy fits you best. To locate a Toledo car insurance agency in your neighborhood, click the button link following the list or click here to get price quotes now.

American Casualty Insurance
6060 Renaissance Pl i - Toledo, OH 43623 - (419) 885-3571

Nationwide Insurance: AOK Ins and Financial Services LLC
4452 Heatherdowns Blvd - Toledo, OH 43614 - (419) 472-9405

Walton Insurance LLC
3307 N Holland Sylvania Rd #6 - Toledo, OH 43615 - (419) 725-2886

Powell Insurance Inc
6029 Renaissance Pl # A - Toledo, OH 43623 - (419) 882-1076

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