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
| 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 |
| Get a Custom Quote Go | ||
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.
| 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 |
| Start a Quote Go | ||
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.
| 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 |
| Start a Quote Go | |
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
Insurers 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.
- Progressive may offer discounts for online quote discount, homeowner, good student, multi-policy, online signing, continuous coverage, and multi-vehicle.
- SAFECO offers discounts for bundle discounts, multi-car, homeowner, anti-theft, and teen safety rewards.
- American Family has savings for early bird, good student, defensive driver, TimeAway discount, good driver, and mySafetyValet.
- MetLife offers discounts including good student, multi-policy, defensive driver, good driver, and claim-free.
- GEICO may include discounts for military active duty, five-year accident-free, seat belt use, anti-lock brakes, good student, air bags, and anti-theft.
- The Hartford policyholders can earn discounts including anti-theft, bundle, good student, air bag, and defensive driver.
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.
| 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 |
| Compare Rates Now Go | ||||||
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.
- Full coverage may not be needed on older vehicles
- Maintain a safe distance and avoid accidents
- Avoid getting tickets or violations
- Improve your credit rating
- Raise physical damage deductibles
- Buy vehicles with good safety ratings
- Shop around for cheaper rates regularly
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 Blvd – Toledo, OH 43614 – (419) 472-9405
Detlef Insurance
833 Woodville Rd – Toledo, OH 43605 – (419) 693-7458
Jamie Mauntler – State Farm Insurance Agent
5401 Secor Rd – Toledo, OH 43623 – (419) 474-0559
Bob Burns Insurance and Financial
2229 W Laskey Rd – Toledo, OH 43613 – (419) 471-1950
Burnor Insurance Agency Inc.
316 N Michigan St – Toledo, OH 43604 – (419) 243-6108