Who Has Cheap Auto Insurance for Veterans in Toledo?

Deciphering which companies have the lowest-priced auto insurance rates for veterans will involve a tad more effort than just comparing rates from one or two companies.

Each auto insurance company uses their own method for establishing rates, so let’s rank the auto insurance companies that tend to have lower prices in Toledo.

Best Car Insurance Prices for Vets

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Ohio auto insurance company rankings
Rank Company Cost Per Year
1 Utica National $647
2 Erie $687
3 Allied $697
4 Frankenmuth $701
5 USAA $719
6 Travelers $733
7 Merchants Insurance Group $748
8 Cincinnati Insurance $749
9 Motorists Mutual $800
10 General Casualty $829
11 Grange Mutual $836
12 Hastings Mutual $858
13 Central Mutual $874
14 State Farm $894
15 Atlantic States $931
16 Western Reserve $932
17 Westfield $936
18 Auto-Owners $958
19 Progressive $982
20 Farmers $1,025
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Utica National has some of the lowest car insurance rates in Toledo at around $647 a year. Erie, Allied, Frankenmuth, and USAA would also be considered some of the lowest-priced Toledo, OH car insurance companies.

In the above example, if you are currently insured with Frankenmuth and switched to Erie, you could see annual savings of around $14. Drivers with USAA might save as much as $32 a year, and Travelers customers might lower prices by $46 a year.

These prices are averages across all ages of drivers and types of vehicles and do not take into consideration a vehicle location for veterans. So the company that has the lowest price for you may not even be in the list above. That helps illustrate why you need to get rate quotes using your own individual information.

For veterans, one of the big things that are looked at to help calculate insurance cost is where you keep your car. Larger areas tend to have higher rates, whereas areas that tend to be more rural benefit from lower rates.

The next table sorts the most expensive cities in Ohio for veterans to purchase a policy in. Toledo makes the list at #3 with an annual cost of $1,229 for the average insured, which is approximately $102 each month.

How much does auto insurance cost in Toledo?
Rank City Annual Premium
1 Youngstown $1,285
2 Cleveland $1,235
3 Toledo $1,229
4 Cincinnati $1,222
5 Cleveland Heights $1,214
6 Columbus $1,211
7 Euclid $1,164
8 Dayton $1,142
9 Hamilton $1,135
10 Akron $1,123
11 Canton $1,069
12 Newark $1,063
13 Springfield $1,061
14 Fairfield $1,053
15 Beavercreek $1,047
16 Lakewood $1,041
17 Strongsville $1,041
18 Middletown $1,035
19 Mansfield $1,032
20 Cuyahoga Falls $1,027
21 Kettering $1,009
22 Mentor $1,008
23 Parma $997
24 Lorain $985
25 Elyria $965
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Price information shown is comparative as the specific Toledo residence address can influence coverage rates considerably.

The vehicle model needing coverage is one of the biggest factors that determines whether or not you find low-priced insurance for veterans. Vehicles with average performance, good safety features, or a positive history of liability claims will cost much less to insure than fast, unsafe models.

The table below presents coverage premiums for a selection of the most economical automobiles to insure.

Cheapest Vehicles to Insure in Toledo, OH
Make and Model Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $1,301
Honda CR-V EX 4WD $1,455
Ford Escape XLT 2WD $1,471
Dodge Grand Caravan Hero $1,540
Ford Explorer Limited 4WD $1,571
Toyota Tacoma Double Cab 4WD $1,577
Ford F-150 XL Crew Cab 2WD $1,591
Chevrolet Impala LTZ $1,625
Toyota Prius $1,627
Ford Edge SEL AWD $1,653
GMC Sierra 2500HD SLE Regular Cab 4WD $1,656
Volkswagen Jetta SE 4-Dr Sedan $1,664
Ford Focus S 4-Dr Sedan $1,697
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price information does not factor in specific garaging location which can influence auto insurance rates noticeably.

Based upon the table data, you can figure that cars like the Honda Accord, Honda CR-V, Ford Escape, Dodge Grand Caravan, and Ford Explorer are a few of the most economical vehicles to insure for veterans.

The illustration below illustrates how your deductible choice can influence insurance prices when researching cheap insurance for veterans. The premiums assume a single female driver, full coverage, and no policy discounts are applied.

The chart above illustrates that a 40-year-old driver could lower rates by $178 a year by increasing from a $100 deductible to a $500 deductible, or save $272 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, could save up to $456 each year just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it will be important to have spare funds to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Get discounts on Toledo insurance rates

Auto insurance for veterans in Toledo, OHInsurers that offer cheap quotes for veterans could also offer price discounts that could potentially reduce rates by as much as 30% if you can meet the requirements. A few popular companies and a summarized list of policyholder discounts are shown below.

The example below visualizes the comparison of car insurance rates with and without discounts applied. The information is based on a female driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, accident-free, claim-free, anti-theft, passive restraint, and homeowner discounts applied. When taking advantage of discounts, theaverage amount saved on auto insurance for veterans is 27% or $312.

Finding the top insurance company is hard considering how many companies are available to choose from in Toledo. The company rank data shown below can help you decide which insurers you want to consider when shopping your coverage around. The ratings below are for companies that insure vehicles across America, so companies without a large exposure are not factored into this list.

Best Ten Auto Insurance Companies for Veterans in Toledo
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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Data Source: Insure.com Best Car Insurance Companies

Tips to find the cheapest auto insurance for veterans

The list below details a few money-saving ideas that can help drivers find lower-cost coverage.

That last idea is especially significant, as we emphasized in the article above. Auto insurance prices adjust often, so drivers shouldn’t be resistant to change to a new company if you find a cheaper price. We understand brand loyalty, but is isn’t recommended if that loyalty ends up costing a fortune every year. It only takes a couple minutes to compare rates and find cheaper insurance for veterans in Toledo.

The insurance agents in Toledo listed below can answer your questions and help you decide which auto insurance coverages would be the best in your situation, since some drivers have questions and prefer to have the advice of a professional agent when shopping for cheaper insurance for veterans. It can be complicated to find the best coverage yourself, and insurance agents licensed in the state of Ohio can give satisfaction knowing you have sufficient protection if you have a claim. To find a Toledo insurance agent close to you, click the button after the list.

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

Detlef Insurance
833 Woodville RdToledo, OH 43605(419) 693-7458

Jamie Mauntler – State Farm Insurance Agent
5401 Secor RdToledo, OH 43623(419) 474-0559

Bob Burns Insurance and Financial
2229 W Laskey RdToledo, OH 43613(419) 471-1950

Burnor Insurance Agency Inc.
316 N Michigan StToledo, OH 43604(419) 243-6108

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