How Much are Toledo Auto Insurance Quotes for a 20 Year Old Female?

Compare and Save Now

Wouldn't this article be short if we could tell you instantly the one perfect company that has the cheapest rate quotes for 20 year old women? It's not quite that easy, unfortunately, as there are a lot of unknown factors such as the deductible level you need, the crime level of your neighborhood, whether you are female or male, and whether or not you own a home. The information below covers the best ways to pay less and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.

Deciphering which insurers offer the best insurance rates for 20 year old women involves a little more sweat than just picking a company at random. Every car insurance company uses a slightly different approach for establishing rates, so to begin we'll rank the most affordable insurance companies in Toledo.

It's a good idea to be aware that Toledo insurance rates are influenced by many factors that may substantially change the policy premium. Simply improving your credit, having a teen driver, or getting a driving violation can trigger price changes that can now make some companies more affordable than competitors.

Find the Cheapest Auto Insurance for Women Age 20

Click to Compare Rates Now

Utica National may offer some of the cheapest car insurance rates in Toledo at around $635 a year. This is $405 less than the average premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers are also some of the most economical Toledo, OH auto insurance companies.

As shown above, if you have coverage with Allied and switched to Utica National, you may see a yearly price reduction of in the neighborhood of $55. Insureds with Travelers might save as much as $91 a year, and USAA policyholders might reduce rates by $106 a year.

These rates are averaged across all drivers and vehicles in Ohio and are not factoring in a specific vehicle garaging location for 20 year old women. So the auto insurance company that fits you best may not even be in the top 33 companies shown above. That underscores the importance of why you need to get quotes using your own driver and vehicle profiles.

The vehicle you are seeking coverage for is one of the largest factors when shopping around for economical auto insurance for 20 year old women. Vehicles with average performance, an excellent safety record, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models. The next table illustrates insurance premiums for a handful of the most affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Toledo, OH
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX 2WD $3,001
Honda Accord EX 4-Dr Sedan $3,011
Ford Escape Limited 2WD $3,046
Jeep Wrangler Sport 4WD 2-Dr $3,131
Hyundai Elantra SE Touring Station Wagon $3,237
Toyota Prius $3,282
Chevrolet Silverado LS Regular Cab 4WD $3,324
Volkswagen Jetta SE 2.5 Station Wagon $3,475
Ford Edge Limited 2WD $3,515
Chevrolet Impala LT $3,560
Toyota RAV4 Sport 4WD $3,570
Toyota Tacoma Double Cab 4WD $3,560
GMC Sierra SL Extended Cab 2WD $3,568
Ford F-150 Lariat Crew Cab 2WD $3,605
Ford Explorer Limited AWD $3,610
Dodge Grand Caravan SXT $3,605
Chevrolet Malibu LT $3,611
Toyota Camry SE $3,754
Toyota Corolla LE $3,762
Nissan Altima 2.5 S 4-Dr Sedan $3,754
Chevrolet Equinox LTZ AWD $3,799
Honda Odyssey Touring $3,809
Jeep Grand Cherokee Limited 4WD $3,799
Start a Quote Go

Price data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in your specific Toledo, OH location which can alter price quotes significantly.

Based on these rates, we can presume that vehicles like the Honda CR-V, Honda Accord, and Ford Escape are some of the more affordable vehicles to insure for young women. The cost of a car insurance policy will tend to be higher just because there is more risk for 20 year old women, but generally speaking those particular models will probably have the lowest insurance rates possible.

One of the many criteria that are looked at to help calculate the amount you pay for auto insurance is your zip code. More populated areas tend to have higher auto insurance costs, whereas areas that tend to be more rural get the luxury of paying less.

The following table ranks the priciest cities in Ohio for 20 year old women to purchase car insurance in. Toledo is ranked at #2 with a yearly premium of $1,267 for the average insurance policy, which is approximately $106 monthly.

Car insurance prices in Toledo
Rank City Average Per Year
1 Youngstown $1,273
2 Toledo $1,267
3 Cincinnati $1,222
4 Cleveland $1,222
5 Columbus $1,199
6 Akron $1,169
7 Cleveland Heights $1,166
8 Dayton $1,154
9 Euclid $1,140
10 Hamilton $1,135
11 Fairfield $1,095
12 Lakewood $1,073
13 Springfield $1,072
14 Canton $1,069
15 Middletown $1,066
16 Newark $1,063
17 Kettering $1,051
18 Mansfield $1,032
19 Strongsville $1,031
20 Cuyahoga Falls $1,027
21 Mentor $1,018
22 Beavercreek $1,016
23 Parma $1,007
24 Lorain $985
25 Elyria $965
Compare Prices Now Go

Annual rates are approximated as the vehicle garaging location can decrease or increase coverage prices substantially.

The example below shows how choosing a deductible can raise or lower yearly insurance costs when trying to find cheap insurance for 20 year old women. The prices are based on a married male driver, full coverage, and no other discounts are factored in.

In the chart above, a 30-year-old driver could save $176 a year by increasing from a $100 deductible up to a $500 deductible, or save $268 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, can save up to $528 each year by using higher deductibles when buying full coverage.

If you do make the decision to raise your deductibles, it will be required to have emergency funds available to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Do you need full coverage?

Saving money on insurance is probably important to most drivers, and an easy way to save on the cost of insurance for 20 year old women is to not buy full coverage. The chart below illustrates the difference between auto insurance costs with full physical damage coverage and with liability coverage only. The information is based on no claims or driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.

If the expense is averaged for all age categories, physical damage coverage on your policy costs an extra $961 per year more than carrying just liability coverage. Lot's of drivers question if paying for full coverage is a waste of money. There is no definitive rule of when to phase out full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let's say your vehicle's book value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,500 after paying your deductible. If premium cost is more than $650 annually for full coverage, then it might be time to consider dropping full coverage.

How to find low-cost auto insurance for 20 year old women

The list below details some of the recommended thrifty solutions that can help you buy more affordable auto insurance.

The last idea is remarkably necessary, as we hit on in the prior article. Prices charged by auto insurers can change in a short period of time, so don't be unwilling to switch carriers if a better deal can be had. Having brand loyalty is commendable, but is isn't recommended if that loyalty ends up costing a wad of cash every year. Now is a great time to compare rates and find cheaper insurance for 20 year old women in Toledo.

The agents shown below can help you determine which is the best policy, since lots of drivers aren't clear which coverage they need and would like to have a consultation when buying car insurance for young women. It can be complicated to find the best coverage yourself, and a licensed agent can give satisfaction knowing you have enough protection. To find an auto insurance agency nearest to you, click the button link following the list.

Kranz PJ Insurance Agency
4349 Talmadge Rd - Toledo, OH 43623 - (419) 473-2416

American Casualty Insurance
6060 Renaissance Pl i - Toledo, OH 43623 - (419) 885-3571

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

View more Toledo, OH insurance agents