One of the many criteria that help determine auto insurance rates is where you choose to live. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with less congestion benefit from lower coverage costs.
The illustration below shows the priciest cities in Ohio for uninsured drivers to buy an auto insurance policy in. Toledo is listed at #3 with an annual cost of $1,241 for the average insured, which is about $103 per month.
|Rank||City||Premium Per Year|
|Find Cheaper Rates Go|
Premium costs are estimated as the specific area where the vehicle is garaged can change auto insurance rates considerably.
Buying cost effective insurance is not easy, and finding out which companies offer the most affordable insurance rates for uninsured drivers involves more quotes for comparison. Every auto insurer has a unique approach to set premium rates, so to begin we’ll rank the insurance companies that tend to have lower prices in Toledo.
Best Cheap Insurance Rates in Ohio
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$778|
|Find Your Rate Go|
Utica National has some of the lowest car insurance rates in Toledo at around $647 per year. Allied, Erie, Frankenmuth, and Travelers also qualify as some of the lowest-priced Toledo, OH insurance companies.
As the rates illustrate above, if you are a policyholder with Frankenmuth and switched to Utica National, you might realize savings of around $61. Drivers with Travelers could save as much as $86 a year, and USAA policyholders might lower prices by $94 a year.
To see if your current coverage is too expensive, click here to start a quote or feel free to get quotes from the companies below.
Remember that these policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with an exact location for uninsured drivers. So the auto insurance company that is most affordable for your situation may not even be in the list above. That point stresses why you need to get quotes using your own specific driver and vehicle information.
Discount Toledo insurance rates
Insurers that sell policies for uninsured drivers may have discounts that can reduce rates by as much as 30% if you meet the requirements. A list of insurance companies and a selection of discounts are included below.
- Progressive discounts include online signing, continuous coverage, multi-policy, good student, multi-vehicle, and online quote discount.
- SAFECO has discounts for drive less, teen safe driver, accident prevention training, teen safety rewards, homeowner, and anti-lock brakes.
- American Family may have discounts that include mySafetyValet, Steer into Savings, good driver, air bags, multi-vehicle, and early bird.
- MetLife policyholders can earn discounts including good driver, defensive driver, good student, claim-free, multi-policy, accident-free
- GEICO may include discounts for anti-lock brakes, daytime running lights, federal employee, defensive driver, military active duty, emergency military deployment, and multi-policy.
- The Hartford offers discounts including air bag, bundle, defensive driver, anti-theft, and driver training.
The chart below shows the comparison of yearly insurance costs with and without discounts. The premium estimates are based on a male driver, no claims or driving violations, Ohio state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with accident-free, safe-driver, multiple vehicle, vehicle safety, claim-free, and defensive driving course discounts applied. When drivers take advantage of discounts, theaverage amount saved on insurance for uninsured drivers is 28% or $485.
Rate increases following a ticket or accident
The common sense way to score the cheapest insurance rates for drivers with no prior coverage is to drive attentively and avoid accidents and traffic citations. The information below shows how traffic citations and at-fault claims can influence yearly insurance costs for each different age category. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of car insurance per year with no accidents and a clean driving record is $921. Receive two speeding tickets and the average cost hikes up to $1,264, an increase of $343 each year. Now get one accident along with the two speeding tickets and the yearly cost of insurance for uninsured drivers jumps again to an average of $1,607. That’s an increase of $686, or $57 per month, just for being a less-than-perfect driver!
Why you are probably overpaying for car insurance
Toledo, OH insurance rates are influenced by many factors that may substantially change the cost of coverage. Improving your credit score, buying higher coverage limits, or having a fender bender may prompt premium changes resulting in some rates now being cheaper than competitors. Not only may your risk profile change, but car insurance companies change their prices at least once a year to adjust for unexpected claims or profits. An unexpected high level of claims may result in increased rates, while a lower level of claims may cause cheaper Toledo car insurance rates.
For instance, the graph below demonstrates which company has the cheapest car insurance in Toledo, OH for a 30-year-old male driver with a clean driving record, no accidents, and solid credit. If we compare prices based on his current rating profile, Utica National may have the lowest car insurance rates in Toledo at $825 a year. This is $215 less than the average rate paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and Travelers also make the list of the most affordable Toledo, OH auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison a claim surcharge, bad credit, and a few blemishes on his driving record. Since each company uses a different method for establishing rates, getting updated rate quotes may now result in a substantially altered list of affordable companies as shown below.
Merchants Insurance Group now has the best auto insurance rate in Toledo, OH with Cincinnati Insurance, Motorists Mutual, General Casualty, and Grange Mutual completing the list. This illustrates why it is so important to shop around when trying to get affordable insurance rates for uninsured drivers. Auto insurance prices are made up of many factors and change substantially, so the most economical option when you last compared rates may now be an over-priced policy.
How to find economical auto insurance for uninsured drivers
It is possible to find better rates, and here are many penny-pinching ideas that can help you get more affordable coverage.
- Better credit rating means better rates
- Higher physical damage deductibles lower rates
- Drive a car with a high safety rating
- You will pay more if you get tickets or have at-fault accidents
- Being accident-free can lower rates significantly
- Check for cheaper rates once a year
The last idea is especially significant, as we emphasized in the prior article. Insurance prices in Toledo adjust often, so don’t be afraid to buy a different policy if a better deal can be had. We understand brand loyalty, but we do not recommend it if that stubbornness costs you money that could be going to better use. It takes less than five minutes to compare prices and find cheaper auto insurance for uninsured drivers.
The auto insurance agents in Toledo shown below can most likely answer your questions and help you decide which coverage meets your needs best, since many consumers aren’t sure which coverage to buy and prefer to have some professional guidance when shopping for the best coverage for drivers with no prior coverage. It can be time-consuming to find the best coverage yourself, so professional agents can give satisfaction knowing your policy gives you enough coverage if you have a claim. To locate a Toledo insurance agent close to where you live, click the button link following the list.
Allstate Insurance: Chuck Bodette
1310 W Sylvania Ave – Toledo, OH 43612 – (419) 478-2400
Allstate Insurance: Jennifer Soda Zielinski
2509 W Sylvania Ave Ste 12 – Toledo, OH 43613 – (419) 472-9690
Powell Insurance Inc
6029 Renaissance Pl # A – Toledo, OH 43623 – (419) 882-1076
Allstate Insurance: Arrow Dickerson
5415 Monroe St #2a – Toledo, OH 43623 – (419) 841-5017