Who Has the Cheapest Car Insurance for Ride Shares in Toledo?

I’m sure you’ve seen the captivating ads from insurers like Progressive and GEICO that make claims of the cheapest rates. So you just need to pick the company with the catchiest ad, right?

It’s not that easy, however, as there are many unknown factors like if you own your own home, where you live in Toledo, and if you have ever let your policy lapse, that help determine the price you have to pay. We will try to teach you about the best ways to save money and will hopefully give you a good start to your coverage search.

Trying to buy budget auto insurance is not most people’s favorite thing to do, and figuring out which company offers the cheapest car insurance rates for drivers over age 50 calls for even more shopping around. Every auto insurer uses a slightly different approach for filing rates in each state, so we’ll take a look at the overall cheapest car insurance companies in Toledo, OH.

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Cheapest auto insurance in Ohio ranked by cost per year
Rank Company Cost Per Year
1 Utica National $654
2 Erie $687
3 Allied $690
4 Frankenmuth $708
5 USAA $711
6 Travelers $712
7 Cincinnati Insurance $756
8 Merchants Insurance Group $778
9 Motorists Mutual $792
10 Grange Mutual $804
11 General Casualty $837
12 Central Mutual $866
13 State Farm $867
14 Hastings Mutual $884
15 Atlantic States $940
16 Western Reserve $941
17 Westfield $946
18 Progressive $962
19 Nationwide $988
20 Auto-Owners $988
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Utica National may offer some of the most affordable car insurance rates in Toledo at around $654 a year. Erie, Allied, Frankenmuth, and USAA would also be considered some of the more affordable Toledo, OH auto insurance companies.

In the above rates, if you currently have a policy with USAA and switched to Erie, you might see annual savings of about $24. Drivers with Travelers might save as much as $25 a year, and Cincinnati Insurance insureds might reduce rates by $69 a year.

To find cheaper insurance rates for your vehicle, click here to start your free quote or feel free to get quotes from the companies below.

Bear in mind that those rates are averages across all ages of drivers and types of vehicles and are not factoring in a specific location for drivers over age 50. So the auto insurance company that is best for you may not even be in the top 33 companies shown above. That illustrates why you need to get car insurance quotes using your own driver and vehicle profiles.

One of the many factors that are looked at to determine the price you pay for insurance is where you live in Toledo. Larger areas tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.

The information below sorts the most costly cities in Ohio for drivers over age 50 to buy an auto insurance policy in. Toledo is ranked #2 having an annual price of $1,267 for the average insurance policy, which is around $106 per month.

Car insurance prices in Toledo
Rank City Annual Premium
1 Cleveland $1,272
2 Toledo $1,267
3 Youngstown $1,247
4 Columbus $1,211
5 Cincinnati $1,210
6 Cleveland Heights $1,202
7 Hamilton $1,146
8 Euclid $1,129
9 Akron $1,123
10 Dayton $1,108
11 Fairfield $1,095
12 Newark $1,085
13 Lakewood $1,073
14 Springfield $1,061
15 Canton $1,058
16 Strongsville $1,041
17 Middletown $1,035
18 Beavercreek $1,027
19 Mentor $1,018
20 Kettering $1,009
21 Parma $1,007
22 Cuyahoga Falls $1,007
23 Mansfield $1,002
24 Elyria $975
25 Lorain $975
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Price information shown is approximated as the specific Toledo residence address can lower or raise auto insurance rates substantially.

The make and model of vehicle you are buying coverage for is one of the largest factors when shopping for the most economical coverage for drivers over age 50. Vehicles with average performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models. The list below showcases auto insurance costs for a handful of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Toledo, OH
Vehicle Insured Estimated Cost for Full Coverage
Hyundai Elantra SE Touring Station Wagon $1,363
Honda CR-V LX 4WD $1,442
Ford Escape XLT 2WD $1,452
Ford Edge Limited 2WD $1,462
Toyota Tacoma 2WD $1,467
Chevrolet Equinox LT AWD $1,490
Dodge Grand Caravan SXT $1,521
Ford Explorer Eddie Bauer AWD $1,530
Honda Accord EX 4-Dr Sedan $1,541
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,544
Toyota Corolla S $1,566
Chevrolet Impala LTZ $1,573
Toyota Prius $1,595
Jeep Grand Cherokee Limited 4WD $1,597
Honda Odyssey Touring $1,605
Nissan Rogue S AWD $1,597
Ford F-150 Lariat Crew Cab Harley 4WD $1,625
GMC Sierra 3500HD SLE Regular Cab 2WD $1,634
Honda Civic GX 4-Dr Sedan $1,645
Ford Focus SES 2-Dr Coupe $1,673
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific garaging location which can affect coverage prices considerably.

Based upon the rates shown, we can tell that cars like the Hyundai Elantra, Honda CR-V, and Ford Escape should be the more affordable vehicles to insure for older drivers.

Discount Toledo insurance

Discounts on car insurance for drivers over age 50Insurers that offer cheap quotes for drivers over age 50 may additionally offer policy discounts that can reduce rates by 25% or more if you are eligible for them. A list of car insurance companies and a partial list of their discounts are detailed below.

The example below illustrates the difference between insurance costs with and without discounts. The premiums are based on a male driver, no accidents, no driving violations, Ohio state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, homeowner, marriage, multiple policy, claim-free, and anti-theft discounts applied. When these discounts are applied, theaverage yearly reduction on car insurance for drivers over age 50 is 27% or $323.

Which car insurance company is best in Toledo?

Selecting the right auto insurance company is difficult considering how many choices you have in Ohio. The ranking information listed below could help you choose which auto insurance companies you want to consider when comparing insurance rates for drivers over age 50.

These rankings only include the companies with a significant amount of written premium nationwide, so companies that may only write in Ohio are not included in the list. To get rate quotes from these top-rated insurers and more, simply click here.

Top 10 Large Auto Insurance Providers Overall in Toledo

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

How to find cheaper car insurance for drivers over age 50

Here are some thrifty suggestions that can help Ohio drivers find lower-cost auto insurance.

The last suggestion is extraordinarily critical, as was discussed in this write-up. Car insurance rates vary considerably, so don’t hesitate to buy from a new company if you can find a cheaper rate.

Brand loyalty is great, but it isn’t a good idea if that loyalty results in overpaying money that could be spent on other things. Take a few minutes and compare prices to find cheaper insurance for drivers over age 50 in Toledo.