Figuring out which companies have the cheapest insurance rates in Cincinnati involves a little more effort in order to find the most economical policy.
Each insurance company has their own guidelines for determining rates, so we will examine the most affordable insurance companies in Cincinnati. It’s important to understand that Ohio insurance rates are impacted by many factors that may substantially change the policy premium. Simply improving your credit, increasing deductibles, or having an accident can produce rate changes resulting in some rates now being cheaper in comparison to the competition.
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Allied | $676 |
| 3 | Frankenmuth | $680 |
| 4 | Erie | $687 |
| 5 | USAA | $711 |
| 6 | Travelers | $733 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $755 |
| 9 | General Casualty | $805 |
| 10 | Grange Mutual | $812 |
| 11 | Motorists Mutual | $816 |
| 12 | Central Mutual | $874 |
| 13 | Hastings Mutual | $884 |
| 14 | State Farm | $885 |
| 15 | Westfield | $918 |
| 16 | Western Reserve | $932 |
| 17 | Atlantic States | $940 |
| 18 | Progressive | $982 |
| 19 | Auto-Owners | $998 |
| 20 | Farmers | $1,005 |
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Utica National generally has some of the best car insurance rates in Cincinnati at around $635 a year. This is $405 less than the average price paid by Ohio drivers of $1,040. Allied, Frankenmuth, Erie, and USAA also rank well as some of the cheaper Cincinnati, OH insurance companies.
As shown above, if you currently buy coverage from Allied and switched to Utica National, you could realize a yearly savings of upwards of $41. Policyholders with Frankenmuth might save as much as $45 a year, and Erie insureds might cut rates by $52 a year.
Remember that these estimates are averages for all types of insureds and vehicles and do not take into consideration a specific location in Cincinnati. So the company that has the cheapest price for you may not even be in the top 33 companies shown above. That’s why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
For drivers in Cincinnati, one of the largest criteria that are looked at to determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Cincinnati. Cities with larger populations tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The information below ranks the highest-priced areas in Ohio to purchase car insurance in. Cincinnati ranks #5 with an annual cost of $1,222 for car insurance, which is around $102 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,279 |
| 3 | Cleveland | $1,259 |
| 4 | Columbus | $1,235 |
| 5 | Cincinnati | $1,222 |
| 6 | Akron | $1,169 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Euclid | $1,140 |
| 9 | Hamilton | $1,135 |
| 10 | Dayton | $1,120 |
| 11 | Springfield | $1,072 |
| 12 | Canton | $1,069 |
| 13 | Lakewood | $1,063 |
| 14 | Newark | $1,063 |
| 15 | Beavercreek | $1,058 |
| 16 | Fairfield | $1,053 |
| 17 | Cuyahoga Falls | $1,027 |
| 18 | Middletown | $1,024 |
| 19 | Kettering | $1,020 |
| 20 | Strongsville | $1,011 |
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Annual rates are comparative as the vehicle garaging location can lower or raise auto insurance rates greatly.
The make and model of vehicle that needs insurance is one of the largest factors when comparing the most economical car insurance in Cincinnati. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than higher performance models.
The data below shows auto insurance prices for a number of the most affordable vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $1,143 |
| Honda Accord EX 4-Dr Sedan | $1,282 |
| Ford Edge SEL 2WD | $1,299 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,308 |
| GMC Sierra SLE Regular Cab 2WD | $1,323 |
| Chevrolet Malibu LS | $1,333 |
| Ford Explorer Limited 2WD | $1,349 |
| Ford Escape XLS 4WD | $1,373 |
| Toyota Camry SE | $1,392 |
| Toyota Corolla LE | $1,398 |
| Ford Fusion Sport 4-Dr Sedan | $1,419 |
| Kia Optima LX | $1,425 |
| Toyota Tacoma 4WD | $1,438 |
| Dodge Ram Quad Cab TRX4 Off Road 2WD | $1,445 |
| Toyota Camry Hybrid | $1,515 |
| Ford F-250 XL Super Cab 2WD | $1,525 |
| Jeep Grand Cherokee Laredo 2WD | $1,517 |
| Chevrolet Impala LT | $1,525 |
| Toyota Prius | $1,525 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,570 |
| Ford Focus S 4-Dr Sedan | $1,592 |
| Hyundai Elantra SE 4-Dr Sedan | $1,597 |
| Dodge Grand Caravan Hero | $1,623 |
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can revise premium rates substantially.
Looking at the data, makes and models like the Honda CR-V, Honda Accord, and Ford Edge are going to be some of the cheaper vehicles to insure for drivers in Cincinnati.
The information below illustrates how your choice of deductibles can impact annual premium costs when researching cheap insurance in Cincinnati. The rate quotes are based on a single male driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 50-year-old driver could lower rates by $252 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $380 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could lower their rates $842 each year by using higher deductibles when buying full coverage. If you do decide to increase your deductibles, it will now be necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.