Who Has the Cheapest Car Insurance Rates for Uber Drivers in Toledo?

One of the more important things that aid in calculating the annual cost of car insurance is where you live. Areas with a lot of weather claims or more people will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.

The following table ranks the most costly cities in Ohio for Uber drivers in which to buy car insurance. Toledo is listed at #1 with an annual cost of $1,279 for the average policy, which is around $107 monthly.

How much is car insurance in Toledo?
Rank City Premium Per Year
1 Toledo $1,279
2 Youngstown $1,247
3 Columbus $1,247
4 Cleveland $1,235
5 Cincinnati $1,222
6 Cleveland Heights $1,178
7 Euclid $1,164
8 Akron $1,157
9 Dayton $1,108
10 Hamilton $1,102
11 Newark $1,095
12 Canton $1,091
13 Fairfield $1,085
14 Springfield $1,072
15 Lakewood $1,063
16 Beavercreek $1,058
17 Cuyahoga Falls $1,027
18 Middletown $1,024
19 Mansfield $1,022
20 Kettering $1,020
21 Strongsville $1,011
22 Parma $997
23 Mentor $988
24 Lorain $985
25 Elyria $965
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Table data uses estimated as the vehicle garaging location can raise or lower coverage rates significantly.

Shopping around for reasonably-priced insurance is difficult, and determining which company offers the best insurance rates for Uber drivers calls for even more work. Every car insurance company uses slightly different criteria for determining prices, so we’ll go over the most affordable insurance companies in Toledo, OH.

It’s a good idea to know that Toledo insurance rates are influenced by many factors that may substantially change the cost of your policy. Price variation is why it is crucial to take the time to shop around to find affordable auto insurance quotes for Uber drivers. Insurance prices are determined by many different factors and can change without notice, so the most economical option a year ago may now be wasting a lot of money.

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Rankings for the cheapest Ohio auto insurance companies
Rank Company Cost Per Year
1 Utica National $647
2 Allied $676
3 Erie $681
4 Frankenmuth $687
5 USAA $733
6 Travelers $733
7 Merchants Insurance Group $748
8 Cincinnati Insurance $772
9 Grange Mutual $804
10 Motorists Mutual $824
11 General Casualty $837
12 Central Mutual $840
13 Hastings Mutual $893
14 State Farm $894
15 Westfield $908
16 Western Reserve $932
17 Atlantic States $940
18 Progressive $962
19 Auto-Owners $988
20 Nationwide $998
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Utica National offers some of the most affordable car insurance rates in Toledo at around $647 each year. Allied, Erie, Frankenmuth, and USAA would also be considered some of the cheapest Toledo, OH auto insurance companies.

As shown above, if you currently buy coverage from USAA and switched to Allied, you might see savings of around $57. Insureds with Travelers might save as much as $57 a year, and Merchants Insurance Group customers might realize rate reductions of up to $72 a year.

These policy prices are averages across all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for Uber drivers. So the car insurance company that fits you best may not even be in the top 33 companies in the list above. That is why you need to get car insurance quotes using your own driver data and vehicle information.

How to get discounts on Toledo insurance rates

Insurance for Uber vehicles in Toledo, OHCar insurance companies that sell policies for Uber drivers could also offer policy discounts that could lower prices by 40% or more if you meet specific eligibility requirements. Larger insurance companies and the discounts they provide can be found below.

The diagram below visualizes the comparison of car insurance costs with and without discounts being applied to the rates. The data assumes a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, vehicle safety, claim-free, passive restraint, multiple policy, and marriage discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for Uber drivers is 27% or $312.

Buying coverage from a good quality car insurance provider can be rather challenging considering how many different companies there are to choose from in Toledo. The company rank data below may help you analyze which providers to look at when comparing auto insurance rates for Uber drivers. The ratings below are only comprised of the largest auto insurers in America, so smaller companies that only insure vehicles in Ohio will not be included in this list.

Toledo, OH Insurance Company Rankings
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

Full coverage versus liability only rates

Reducing premiums for insurance should be important to most drivers, and an effective way to pay lower rates for insurance for Uber drivers is to not buy full coverage. The chart below shows the difference between insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

Averaged for all age groups, full coverage on your policy costs an additional $961 per year more than just buying liability only. Many people question if you should buy full coverage at all. There is no clear-cut rule for eliminating comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s assume your vehicle’s book value is $7,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $6,500 after the deductible is paid. If premiums are more than $650 annually for full coverage, then you might want to think about dropping full coverage.

There are a few cases where only buying liability is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

How to find low-cost car insurance for Uber drivers

The list below shows some penny-pinching suggestions that can help drivers find low-cost coverage.

That last tip is very necessary, as was affirmed in this piece. Rates vary considerably, so drivers shouldn’t hesitate to change to a new company if you find a cheaper price. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that faithfulness ends up costing you lots of money. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for Uber drivers in Toledo.

The agents listed below can probably aid you in deciding which coverages you need, since many consumers aren’t sure which coverage to buy and prefer to have a consultation when comparing insurance rates for Uber drivers. It can be challenging to find the best policy yourself, and a licensed agent can give you peace of mind knowing your coverage gives you sufficient coverage for your assets.

To find an agent by location nearest to you, click the button link following the list.

View map of Toledo, OH insurance agents