The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, in particular when comparison shopping for the best car insurance for high risk drivers. Let’s lead off by showing you some of the things that can significantly affect auto insurance prices, and find some ways to reduce the cost of the next policy you buy.
For high risk drivers, one of the largest considerations that are looked at to help calculate the annual cost of car insurance is your address in Cincinnati. Areas with more people or higher crime rates tend to pay slightly more, whereas areas that tend to be more rural have the luxury of lower rates.
The information below sorts the most expensive cities in Ohio for high risk drivers to buy car insurance in. Cincinnati shows up at #6 with a yearly cost of $1,186 for the average policyholder, which is approximately $99 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Cleveland | $1,259 |
| 3 | Columbus | $1,247 |
| 4 | Youngstown | $1,235 |
| 5 | Cleveland Heights | $1,202 |
| 6 | Cincinnati | $1,186 |
| 7 | Euclid | $1,164 |
| 8 | Dayton | $1,154 |
| 9 | Akron | $1,123 |
| 10 | Hamilton | $1,113 |
| 11 | Fairfield | $1,095 |
| 12 | Canton | $1,091 |
| 13 | Newark | $1,085 |
| 14 | Lakewood | $1,073 |
| 15 | Springfield | $1,072 |
| 16 | Beavercreek | $1,047 |
| 17 | Strongsville | $1,041 |
| 18 | Cuyahoga Falls | $1,037 |
| 19 | Parma | $1,037 |
| 20 | Middletown | $1,024 |
| 21 | Mansfield | $1,022 |
| 22 | Kettering | $1,009 |
| 23 | Mentor | $1,008 |
| 24 | Lorain | $985 |
| 25 | Elyria | $975 |
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Price information shown is approximated as vehicle location can lower or raise coverage rates greatly.
The vehicle model you are buying coverage for is a large consideration when consumers are trying to find economical coverage for high risk drivers. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The list below shows auto insurance rates for some of the more affordable vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $4,454 |
| Honda CR-V LX 2WD | $4,587 |
| Hyundai Elantra GLS Touring Station Wagon | $4,597 |
| Toyota Prius | $4,898 |
| Ford Edge SE 2WD | $4,928 |
| Volkswagen Jetta 2.0T Station Wagon | $4,981 |
| Dodge Grand Caravan SE | $5,124 |
| Chevrolet Malibu LS | $5,216 |
| Toyota RAV4 Sport 4WD | $5,225 |
| Ford Fusion S 4-Dr Sedan | $5,216 |
| Chevrolet Silverado LT Extended Cab 4WD | $5,222 |
| Chevrolet Equinox LS 2WD | $5,216 |
| Chevrolet Impala LT | $5,226 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $5,267 |
| GMC Sierra SL Extended Cab 2WD | $5,374 |
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Prices based on single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can influence coverage rates noticeably.
By looking at the data, we can expect models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius are likely to be the cheaper vehicles to insure for high risk drivers. Auto insurance rates will trend higher because there is more liability risk for high risk drivers, but overall those vehicles will probably have the best rates that you’ll find.
How careless driving impacts insurance rates
A great way to enjoy cheap insurance prices in Ohio for high risk drivers is to be a good driver and avoid accidents and violations. The information below illustrates how violations and fender-benders can influence auto insurance rates for each different age category. The premiums assume a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.
In the example above, the average cost of auto insurance in Ohio per year with no violations or accidents is $1,121. Factor in one speeding ticket and the average cost surges to $1,270, an increase of $149 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for high risk drivers jumps again to an average of $2,562. That’s an increase of $1,441, or $120 per month, just for being a less-than-perfect driver!
Insurance company ratings
Choosing a highly-rated insurance company is difficult considering how many different companies sell coverage in Ohio. The information in the next section could help you choose which coverage providers you want to consider when shopping your coverage around. The ratings below only include large, nationwide insurance companies, so companies without a large exposure will not be included in these rankings.
Top 10 Large Car Insurance Companies Overall in Cincinnati
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Large Car Insurance Companies in Cincinnati Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
The example below highlights how deductible selection can affect yearly insurance costs when searching for cheap insurance for high risk drivers. The premiums are based on a single male driver, full physical damage coverage, and no discounts are factored in.
In the chart above, a 40-year-old driver could lower rates by $260 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $392 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, could roll back prices $860 or even more just by choosing higher deductibles.
If you do decide to increase your deductibles, it will be important to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.