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Bankrate has partnerships with issuers that include, but are not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Amelia Buckley is an insurance editor covering auto, home and life insurance. It emphasizes creating informative, engaging, and nuanced content to help readers make personalized insurance decisions. Mark Friedlander is director of corporate communications at III, a non-profit organization that focuses on giving consumers a better understanding of insurance.
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The Bankrate editorial team writes on behalf of YOU, the reader. Our goal is to provide you with the best tips to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content isn't influenced by advertisers. Our editorial team doesn't receive any direct compensation from advertisers, and our content is thoroughly verified to ensure accuracy.
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Our award-winning publishers and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial team is objective, fact-based and not influenced by our advertisers. Founded in 1976, Bankrate has a long history of helping people make smart financial decisions. We have maintained this reputation for more than four decades by demystifying the financial decision-making process and giving people confidence in the actions to take next.
Our insurance team is comprised of agents, data analysts and customers like you. They focus on the points that consumers are most concerned about: price, customer service, policy features and savings opportunities so you can be sure which provider is right for you. Car insurance premiums can vary widely from state to state, but there are other factors that influence how rates are determined. In Ohio, your zip code, vehicle type, age, insurance company, coverage selections, and gender can also influence your rate.
Ohio car insurance rates can be more expensive in certain cities due to factors such as vehicle theft and vandalism rates, the number of uninsured drivers, the risk of inclement weather, and more. According to our data, Cleveland and Columbus have the highest average rates in the state. In the table below, we highlight the average cost of car insurance in five of the most populated cities in Ohio and look at how the average premium compares to the state average rate. These are sample rates and should only be used for comparison purposes.
In Ohio, your age can be an important factor in determining your rates. Young drivers typically pay some of the highest average car insurance rates because they have the least amount of driving experience and a high frequency of accidents. Once you turn 25, car insurance rates generally start to drop, as long as you maintain a clean driving record. Around age 70, car insurance rates start to rise again.
In general, men tend to be riskier when it comes to insuring themselves and are often charged higher rates due to their higher rate of accidents and traffic violations. Young drivers may face higher rates on their own insurance policies compared to staying on their parent's policy. Below, you can see the average rates for young drivers in the state based on their parents' policy and on your own. When you first buy an auto insurance policy, and each time your policy is renewed, your insurance company will likely review your driving record.
If you have any negative notes on your record, such as a speeding conviction or a faulty accident, your rate will increase. For example, after an at-fault accident in Ohio, average auto insurance premiums increase by approximately 39 percent. Your credit history, or credit-based insurance rating, is one of the variables used by car insurance companies to help them determine risk levels for drivers. Not all states allow this use of credit ratings by auto insurers, but most do, including Ohio.
Get a quick estimate to make sure you're not overpaying. Answer a few questions to disclose your payment. We are unable to estimate your payment. The best car insurance company in Ohio for one driver may not be the best for another.
Because rates and situations are so personalized, finding the best company often depends on your coverage needs, the type of vehicle, and more. Searching for prices and getting quotes from several companies can help drivers find the best insurance company for them. The cheapest car insurance company in Ohio may be different for every driver. Every Ohio car insurance company charges a different rate for coverage, so most insurance professionals recommend comparing prices and getting multiple quotes to see which company might offer the lowest rate for your coverage needs.
That said, our research indicates that some of the state's cheapest auto insurance companies include Erie, State Farm, and USAA. Insurance companies reward experience and, as a result, older drivers tend to have significantly lower insurance rates than their younger or adolescent counterparts. With one of the lowest incidences of car theft in the country, as well as a very low rate of occurrence of natural disasters, Ohioans tend to pay significantly less for car insurance on average. When comparing vehicles, if repairing or replacing a car costs more, it will most likely cost more to insure it.
Younger drivers typically pay substantially higher car insurance rates than their older, more experienced counterparts. The severity of the penalties you face for driving without insurance in Ohio depends on whether this is your first, second, third, or subsequent violation. Statistics show that drivers with bad credit are more likely to file an insurance claim, increasing the risk for insurance companies. If your car is damaged as a result of an accident in which you are at fault and you only have a minimum liability policy, you will likely have to pay out of pocket for the repair or replacement of your car.
Young people can find the cheapest car insurance rates in Grange and Erie if they're looking for a full coverage policy. When comparing car insurance companies, choosing a company you can trust is as important as finding the best rate. The difference between the cheapest and the most expensive insurer in Ohio is a few hundred dollars a month. Progressive offers the cheapest car insurance in Ohio for most categories, including minimum coverage, drivers with a DUI, and older drivers.
USAA is the best auto insurance company in Ohio because of its affordable rates and high customer service scores. .
