For youthful drivers, one of the big factors that are looked at to help calculate the cost of insurance is where your car is garaged. More populated areas tend to pay slightly more, whereas areas with less crime or weather claims can boast about having cheaper rates.
The next table rates the most expensive cities in Ohio for young drivers to purchase car insurance in. Cincinnati shows up at #3 with a yearly cost of $1,222 for coverage, which is around $102 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Youngstown | $1,273 |
| 2 | Toledo | $1,241 |
| 3 | Cincinnati | $1,222 |
| 4 | Cleveland | $1,222 |
| 5 | Columbus | $1,199 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Akron | $1,157 |
| 8 | Hamilton | $1,146 |
| 9 | Euclid | $1,140 |
| 10 | Dayton | $1,120 |
| 11 | Canton | $1,102 |
| 12 | Newark | $1,095 |
| 13 | Springfield | $1,072 |
| 14 | Fairfield | $1,063 |
| 15 | Beavercreek | $1,058 |
| 16 | Kettering | $1,051 |
| 17 | Lakewood | $1,041 |
| 18 | Middletown | $1,024 |
| 19 | Lorain | $1,015 |
| 20 | Strongsville | $1,011 |
| 21 | Mentor | $1,008 |
| 22 | Cuyahoga Falls | $997 |
| 23 | Parma | $997 |
| 24 | Mansfield | $992 |
| 25 | Elyria | $965 |
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Price information shown is estimated as the specific geographic location can alter auto insurance rates significantly.
Finding good, low-priced auto insurance is confusing at best, and finding out which companies offer the cheapest insurance rates for young drivers involves even more diligence. Each auto insurance company uses different criteria to determine premium rates, so let’s begin by taking a look at the insurance companies with the most affordable rates in Cincinnati.
Best Car Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Erie | $661 |
| 3 | Allied | $676 |
| 4 | Frankenmuth | $708 |
| 5 | Travelers | $726 |
| 6 | USAA | $741 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Motorists Mutual | $800 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $813 |
| 12 | Hastings Mutual | $858 |
| 13 | Central Mutual | $866 |
| 14 | State Farm | $885 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $908 |
| 17 | Western Reserve | $941 |
| 18 | Auto-Owners | $968 |
| 19 | Nationwide | $988 |
| 20 | Progressive | $991 |
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Utica National generally has some of the cheapest car insurance rates in Cincinnati at around $628 each year. This is $412 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also are some of the best Cincinnati, OH car insurance companies.
As shown in the rates above, if you are a customer of Frankenmuth and switched to Erie, you could earn an annual savings of in the vicinity of $47. Ohio drivers with Travelers could save as much as $65 a year, and USAA customers might lower prices by $80 a year.
To get a fast rate comparison, click here to start your custom quote or quote prices from the following companies.
These policy prices are averages for all drivers and vehicles in Ohio and do not take into consideration an exact location for young drivers. So the auto insurance company that is most affordable for your situation may not even be in the top 33 companies shown above. That emphasizes why you need to compare prices as often as possible using your own driver and vehicle profiles.
The vehicle requiring coverage is probably the most important factor when comparing quotes for the cheapest coverage for young drivers. Vehicles with more horsepower, a lack of safety features, or a history of substantial liability claims will cost much more to insure than more modest models. The list below illustrates auto insurance prices for a handful of the most affordable automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $4,850 |
| Honda Accord LX-P 4-Dr Sedan | $4,856 |
| Ford Escape Limited 2WD | $4,893 |
| Toyota Prius | $5,231 |
| Ford F-150 STX Regular Cab 4WD | $5,455 |
| Dodge Grand Caravan SE | $5,464 |
| Ford Edge SEL 2WD | $5,705 |
| Chevrolet Equinox LS AWD | $5,748 |
| Chevrolet Malibu LS | $5,753 |
| Toyota Camry LE | $5,748 |
| Nissan Altima 2.5 4-Dr Sedan | $5,758 |
| Volkswagen Jetta LE 4-Dr Sedan | $5,748 |
| Toyota RAV4 Sport 2WD | $5,757 |
| Ford Explorer Limited AWD | $5,793 |
| Toyota Tacoma X-Runner 2WD | $6,044 |
| Toyota Corolla S | $6,050 |
| Chevrolet Impala LTZ | $6,044 |
| Hyundai Elantra SE 4-Dr Sedan | $6,052 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $6,089 |
| Honda Odyssey Touring | $6,098 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $6,089 |
| Ford Fusion SE 4-Dr Sedan | $6,095 |
| Jeep Grand Cherokee SRT-8 4WD | $6,089 |
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location information which can increase or decrease auto insurance rates greatly.
Looking at the data, we can presume that vehicles like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Ford F-150 will be a few of the more affordable vehicles to insure for youthful drivers. The price for an auto insurance policy will be higher anyway just due to the fact that there is more claim exposure for young drivers, but overall those particular models will most likely have the cheapest auto insurance rates compared to other types of vehicles.
Drive responsibly or pay higher rates
The ideal way to enjoy low insurance rates in Ohio for youthful drivers is to drive carefully and avoid accidents and keep your driving record clean. The chart below shows how traffic citations and fender-benders increase yearly insurance costs for different age groups. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of car insurance per year with a clean driving record and no accidents is $1,345. Get written up for one speeding ticket and the average cost hikes up to $1,565, an increase of $220 each year. Then add two accidents along with the one speeding ticket and the annual cost of insurance for young drivers jumps again to an average of $3,431. That’s an increase of $2,085, or $174 per month, just for not being attentive to the road!
Does it make sense to buy full coverage?
Saving on insurance is important to most drivers, and one great way to lower the cost of insurance for young drivers is to not buy comprehensive and collision coverage. The illustration below shows the difference between auto insurance rates with and without physical damage coverage. The prices are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are taken into consideration.
On average, physical damage insurance costs an additional $1,200 per year more than just buying liability only. That is a big expense that brings up the question if paying for full coverage is a waste of money. There is no definitive rule that works best for making the decision to drop full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your vehicle’s claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after the deductible is paid. If premiums are more than $300 annually to have full coverage, then you may need to consider dropping full coverage.
The agencies below can aid you in deciding which coverage meets your needs best, as some drivers wish to have the advice of a professional agent when shopping around for cheaper insurance for young drivers. It’s not always easy to find the best policy on your own, so a licensed agent can provide you comfort knowing your coverage gives you sufficient coverage for your assets. To find an agent using an interactive map, click the button at the bottom.
- Christenson Lewis Insurance Agency
4484 Mt Carmel Tobasco Rd – Cincinnati, OH 45244 – (513) 528-4222 - Brad Robbins – State Farm Insurance Agent
3111 Mozart Ave – Cincinnati, OH 45211 – (513) 662-2200 - Brodbeck Porter Agency
7249 Beechmont Ave – Cincinnati, OH 45230 – (513) 624-0900 - Advantage Insurance Network LLC
4739 Delhi Ave – Cincinnati, OH 45238 – (513) 922-9460 - Ohio Insurance Center
7404 Hamilton Ave – Cincinnati, OH 45231 – (513) 522-6300
More insurance agents in Cincinnati, OH
How to find budget-friendly car insurance for young drivers
Lowering your rates is not difficult, and here are a few thrifty suggestions that can help you find more affordable auto insurance.
- Save money by staying claim-free
- Do not get traffic tickets
- Safer vehicles generally have cheaper insurance rates
- Having at-fault accidents will increase rates
- Insure your home and auto with the same company
- Shop around once a year for cheaper rates
The final tip is highly significant, as was discussed in the article above. Coverage prices can be changed at any time, so don’t hesitate to buy from a different company if a better rate can be found.
Having brand loyalty is commendable, but it’s not a great idea if that loyalty ends up costing a small fortune year after year. Now is a great time to shop around to find cheaper insurance for young drivers in Cincinnati.