Establishing which company offers the most affordable insurance rates for teachers will require a bit more effort in order to find the best price. Each insurance company has a unique approach for determining rates, so let’s look at the rankings for the overall cheapest insurance companies in Ohio.
We do need to point out that Ohio insurance rates are determined by lots of factors that control the policy premium. Simply getting older, having a teenage driver, or getting into an accident may generate price changes that can make some companies more affordable than others.
Find the Cheapest Auto Insurance for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $661 |
| 3 | Allied | $669 |
| 4 | Frankenmuth | $687 |
| 5 | USAA | $711 |
| 6 | Travelers | $726 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $837 |
| 12 | Central Mutual | $848 |
| 13 | Hastings Mutual | $858 |
| 14 | State Farm | $867 |
| 15 | Westfield | $908 |
| 16 | Atlantic States | $913 |
| 17 | Western Reserve | $961 |
| 18 | Nationwide | $988 |
| 19 | Auto-Owners | $988 |
| 20 | Progressive | $991 |
| Get a Custom Quote Go | ||
Utica National has some of the most affordable car insurance rates in Cincinnati at around $647 per year. This is $393 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA are also some of the lowest-priced Cincinnati, OH insurance companies.
As illustrated above, if you are insured with Allied and switched to Utica National, you could realize yearly savings of approximately $22. Customers with Frankenmuth may save as much as $40 a year, and USAA customers might reduce rates by $64 a year.
If you want to see how much you could save, click here to start your free quote or feel free to get quotes from the companies below.
Remember that these policy rates are averages for all ages of drivers and types of vehicles and do not factor in a specific location for teachers. So the car insurance company that is best for you may not even be in the top 33 companies shown above. That emphasizes why you need to get rate quotes from many companies using your own specific driver information and vehicle.
The make and model of vehicle needing coverage is a significant factor that determines the availability of the best car insurance for teachers. Vehicles with higher performance, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models.
The table below illustrates car insurance costs for a handful of the most budget-friendly vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Volkswagen Jetta S 2.5 Station Wagon | $1,350 |
| Toyota Prius | $1,378 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,398 |
| Ford Escape XLT 2WD | $1,426 |
| Chevrolet Impala LS | $1,446 |
| Chevrolet Equinox LS AWD | $1,474 |
| Chevrolet Malibu Hybrid | $1,483 |
| Toyota RAV4 Sport 4WD | $1,474 |
| Dodge Grand Caravan Crew | $1,502 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,550 |
| Honda CR-V EX-L 4WD | $1,563 |
| Jeep Grand Cherokee Limited 2WD | $1,578 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,580 |
| Ford Explorer XLT 4WD | $1,598 |
| Dodge Ram 3500 Crew Cab ST 2WD | $1,634 |
| Get a Custom Quote Go | |
Data variables include 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, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in zip code location which can affect coverage prices considerably.
By looking at the data, you can expect cars like the Volkswagen Jetta, Toyota Prius, and Jeep Wrangler will definitely be a few of the cheaper vehicles to insure for teachers and educators.
For teachers and educators, one of the largest components that are looked at to help calculate car insurance rates is your address. More densely populated places are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The following table rates the priciest cities in Ohio for teachers in which to buy car insurance. Cincinnati makes the list at #5 with the yearly price of $1,210 for the average insurance policy, which is around $101 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,267 |
| 3 | Columbus | $1,235 |
| 4 | Cleveland | $1,222 |
| 5 | Cincinnati | $1,210 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Akron | $1,157 |
| 8 | Dayton | $1,154 |
| 9 | Euclid | $1,140 |
| 10 | Hamilton | $1,135 |
| 11 | Fairfield | $1,095 |
| 12 | Springfield | $1,094 |
| 13 | Canton | $1,069 |
| 14 | Lakewood | $1,063 |
| 15 | Beavercreek | $1,058 |
| 16 | Newark | $1,053 |
| 17 | Kettering | $1,051 |
| 18 | Middletown | $1,035 |
| 19 | Cuyahoga Falls | $1,027 |
| 20 | Mentor | $1,018 |
| 21 | Strongsville | $1,011 |
| 22 | Parma | $1,007 |
| 23 | Lorain | $1,005 |
| 24 | Mansfield | $1,002 |
| 25 | Elyria | $995 |
| Get a Custom Quote Go | ||
Rate quotes are comparative as zip code location can lower or raise premium rates substantially.
Discount Cincinnati insurance
Auto insurance companies that provide policies for teachers may additionally offer discounts that may potentially lower prices by as much as 25% or more if you qualify. Larger insurance companies and a selection of discounts are outlined below.
- GEICO discounts include five-year accident-free, military active duty, membership and employees, daytime running lights, multi-policy, and air bags.
- MetLife policyholders can earn discounts including accident-free, multi-policy, good student, good driver, defensive driver, claim-free
- State Farm includes discounts for good driver, student away at school, accident-free, safe vehicle, passive restraint, Steer Clear safe driver discount, and anti-theft.
- Progressive may offer discounts for continuous coverage, good student, homeowner, multi-vehicle, online signing, and multi-policy.
- Mercury Insurance has discounts for annual mileage, ease of repair, low natural disaster claims, anti-theft, multi-car, good driver, and type of vehicle.
- 21st Century offers premium reductions for good student, theft prevention, anti-lock brakes, defensive driver, early bird, 55 and older, and homeowners.
- Allstate may have discounts that include 55 and retired, passive restraint, utility vehicle, premier discount, economy car, farm vehicle, and good payer.
The example below illustrates the difference between insurance costs with and without discounts applied to the policy premium. The prices are based on a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, vehicle safety, accident-free, claim-free, passive restraint, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on insurance for teachers is 28% or $421.
The information below shows how choosing a deductible can raise or lower insurance premiums when researching cheap insurance for teachers. The data assumes a married female driver, comp and collision included, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could lower rates by $156 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $234 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could lower their rates as much as $384 or even more by using a higher deductible.
If you do decide to increase your deductibles, it is a good idea to have enough savings to enable you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Your low-price policy may be costing you money
Ohio insurance rates are based on many factors which can substantially change the price of coverage. Simply improving your credit, buying a different home, or getting a driving violation can produce rate changes resulting in some companies being more affordable than before.
In addition, companies file new rates as often as every quarter in order to protect their financial rating. A period of increased losses can cause increased rates, while a better loss history can produce lower-cost Cincinnati car insurance rates.
For instance, the graph below shows the company with the cheapest car insurance in Cincinnati, OH for a 30-year-old female driver with no accidents or violations, and great credit. When quoting prices based on her current risk factors, Utica National might offer the cheapest car insurance rates in Cincinnati at $828 each year. This is $212 less than the average policy premium paid by Ohio drivers of $1,040. Allied, Frankenmuth, Erie, and USAA are also on the list of the cheapest Cincinnati, OH auto insurance companies.
The chart below compares rates after we give the driver from the first example a claim, a lower credit rating, and a couple of points charged on her driving record. Since each auto insurer has a different formula to set premium rates, comparing prices most likely will result in a completely different list of affordable companies as shown below.
Merchants Insurance Group now has the cheapest price in Cincinnati with Cincinnati Insurance, Motorists Mutual, General Casualty, and Grange Mutual completing the list. This example shows why Cincinnati drivers need to compare as many rates as possible to find the most economical insurance rates for teachers. Rates can be determined by many risk factors and can increase or decrease at any time, so the best option the last time you shopped your coverage around may now be quite expensive.