The type of vehicle on the policy is one of the largest factors when comparison shopping for low-priced insurance for safe drivers. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost much less to insure than high performance models.
The data below outlines car insurance costs for some of the more affordable vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,310 |
| Toyota Prius | $1,450 |
| Dodge Grand Caravan CV | $1,468 |
| Ford Explorer XLT 4WD | $1,475 |
| Toyota RAV4 Limited 4WD | $1,549 |
| Jeep Grand Cherokee Laredo 4WD | $1,558 |
| Honda Accord EX 4-Dr Sedan | $1,609 |
| Honda CR-V EX 2WD | $1,617 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,630 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $1,661 |
| Jeep Wrangler Unlimited Rubicon 4WD 4-Dr | $1,718 |
| Ford F-350 Super Cab Harley Edition 2WD | $1,721 |
| Ford Focus S 4-Dr Sedan | $1,747 |
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rates do not factor in specific zip code location which can impact coverage rates greatly.
Based on these rates, you can conclude that cars like the Ford Escape, Toyota Prius, Dodge Grand Caravan, Ford Explorer, and Toyota RAV4 are most likely to be the most economical vehicles to insure for good drivers.
For good drivers, one of the largest factors that are looked at to help calculate the amount you pay for auto insurance is where you keep your vehicle in Toledo. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The information below lists the highest-priced places in Ohio for safe drivers in which to buy car insurance. Toledo ranks #4 with an annual rate of $1,241 on average, which is about $103 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Cleveland | $1,259 |
| 2 | Youngstown | $1,247 |
| 3 | Columbus | $1,247 |
| 4 | Toledo | $1,241 |
| 5 | Cincinnati | $1,222 |
| 6 | Cleveland Heights | $1,214 |
| 7 | Euclid | $1,129 |
| 8 | Akron | $1,123 |
| 9 | Dayton | $1,120 |
| 10 | Hamilton | $1,113 |
| 11 | Canton | $1,091 |
| 12 | Springfield | $1,072 |
| 13 | Middletown | $1,066 |
| 14 | Fairfield | $1,063 |
| 15 | Newark | $1,053 |
| 16 | Kettering | $1,040 |
| 17 | Lakewood | $1,031 |
| 18 | Beavercreek | $1,016 |
| 19 | Mentor | $1,008 |
| 20 | Cuyahoga Falls | $1,007 |
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Rate information is comparative as the garaging address in Toledo can raise or lower price quotes greatly.
Deciphering which companies quote the cheapest auto insurance rates for safe drivers will require a little more work in order to find the best policy.
Each insurance company has a unique formula to determine rates, so let’s take a look at the lowest cost auto insurance companies in Toledo.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Erie | $661 |
| 3 | Frankenmuth | $680 |
| 4 | Allied | $690 |
| 5 | Travelers | $726 |
| 6 | USAA | $733 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $800 |
| 10 | General Casualty | $813 |
| 11 | Grange Mutual | $836 |
| 12 | Hastings Mutual | $858 |
| 13 | Central Mutual | $874 |
| 14 | State Farm | $885 |
| 15 | Westfield | $908 |
| 16 | Atlantic States | $931 |
| 17 | Western Reserve | $961 |
| 18 | Progressive | $962 |
| 19 | Auto-Owners | $988 |
| 20 | Farmers | $1,005 |
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Utica National offers some of the lowest car insurance rates in Toledo at around $654 each year. This is $386 less than the average rate paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers would also make the list of some of the most economical Toledo, OH insurance companies.
In the rate table above, if you are currently insured with Frankenmuth and switched to Utica National, you might achieve savings of about $26. Ohio drivers with Allied could save as much as $36 a year, and Travelers policyholders might realize rate reductions of up to $72 a year.
Remember that these rates are averaged across all drivers and vehicles and do not take into consideration a vehicle location for safe drivers. So the car insurance company that is most affordable for your situation may not even be in the list above. That’s why you need to get quotes using your own personal information and vehicle type.
Liability-only versus full coverage
Finding cheaper auto insurance should be important to most drivers, and one of the fastest ways to save on the cost of insurance for safe drivers is to only pay for liability coverage. The diagram below shows the comparison of car insurance costs when comparing full coverage to liability only. The information is based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.
If averaged for all ages, comp and collision coverage costs an extra $1,308 per year over having just liability coverage. Many of you may wonder if buying full coverage is worth the expense. There isn’t a written rule of when to eliminate full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
There are some cases where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
The information below illustrates how your choice of deductibles can impact insurance costs when trying to find cheap insurance for safe drivers. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could lower their car insurance rates by $236 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $356 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could reduce their rates $718 or more just by choosing higher deductibles.
When raising deductibles, it is necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense associated with higher deductibles.
The importance of shopping around
Toledo, OH auto insurance rates are impacted by many things that may substantially change the cost of having a policy. Simply having a birthday, moving to a new city, or getting a ticket for careless driving can trigger rate changes resulting in some companies being cheaper in comparison to the competition. In addition to those changes, insurance companies file new rates every year or even multiple times each year to ensure their profitability. Higher than usual claims may cause higher rates, while a profitable period may cause lower-priced Toledo car insurance rates.
As an example, the chart below shows the cheapest car insurance in Toledo, OH for a 40-year-old male driver with no accidents or violations, and a high credit rating. When comparing rates based on his current risk profile, Utica National might offer the most affordable car insurance rates in Toledo at $841 per year. This is $199 less than the average price paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and USAA also make the list of the cheapest Toledo, OH auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example an accident surcharge, bad credit, and a speeding citation. Since every insurance provider has their own process to determining premium rates, comparing quotes could result in a completely different list of companies as shown below.
Merchants Insurance Group now has the best auto insurance rate in Toledo with Cincinnati Insurance, Grange Mutual, General Casualty, and Motorists Mutual also having competitive pricing. This example proves why consumers need to compare lots of rates to find the most budget-friendly insurance quotes for safe drivers. Rates are determined by many factors and can change substantially, so the most economical option when you last compared rates may now be one of the more expensive options.
How to find low-cost insurance for safe drivers
The list below shows many thrifty ideas that can help drivers locate cheaper car insurance.
- Buy your homeowners policy from the same company as your auto insurance
- Do not get tickets or violations
- Do not get into accidents
- Try to pay small claims out-of-pocket
- Drive a car with a high safety rating
- Full coverage may not be needed on older vehicles
- Comparison shop at least once a year
The last tip in the list is extremely valuable, as was stressed in the article above. Insurance prices adjust frequently, so drivers shouldn’t be resistant to switch carriers if a cheaper rate is available.
Staying with the same car insurance company is fine, but it’s not recommended if that dedication is costing money that could be used for better things. If you have a few minutes, compare prices and find cheaper insurance for safe drivers in Toledo.
The auto insurance agents in Toledo shown below can help you determine which car insurance policy is best, since some drivers aren’t sure which coverage they need and prefer to have some advice when trying to find lower insurance rates for safe drivers. It can be hard to find the best coverage on your own, and getting professional guidance from a licensed agent can provide you peace of mind knowing you have adequate protection in case of an accident or claim.
To find an auto insurance agency close to where you live, click the link after the list or click here to compare prices now.
- Allstate Insurance: Yark Insurance Agency
6019 Central Ave b – Toledo, OH 43615 – (419) 842-7660 - Marty Vugrinac – State Farm Insurance Agent
1022 S Reynolds Rd – Toledo, OH 43615 – (419) 389-0533 - Jan Scotland – State Farm Insurance Agent
4806 Dorr St – Toledo, OH 43615 – (419) 536-4200