Trying to buy cheap car insurance is difficult, and deciding which companies quote the cheapest car insurance rates with multiple speeding tickets involves additional perseverance. Every auto insurer has their own formula to set their prices, so we’ll take a look at the car insurance companies with the most affordable rates in Cincinnati, OH.
It’s important that readers know that Cincinnati car insurance rates are impacted by many things which can significantly increase or decrease your annual premium. This price fluctuation is why it is crucial to shop around with many companies when trying to find the most economical insurance quotes with multiple speeding tickets. Rates are made up of many risk factors and change dramatically, so the most economical company when you last compared rates may now be priced much higher than other options.
Best Car Insurance Prices with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Erie | $667 |
| 3 | Frankenmuth | $680 |
| 4 | Allied | $690 |
| 5 | Travelers | $726 |
| 6 | USAA | $741 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $804 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $866 |
| 14 | State Farm | $894 |
| 15 | Westfield | $918 |
| 16 | Atlantic States | $940 |
| 17 | Auto-Owners | $968 |
| 18 | Western Reserve | $970 |
| 19 | Nationwide | $988 |
| 20 | Progressive | $991 |
| Find Cheaper Rates Go | ||
Utica National normally has some of the best car insurance rates in Cincinnati at around $654 a year. Erie, Frankenmuth, Allied, and Travelers also qualify as some of the lowest-priced Cincinnati, OH car insurance companies.
As the rates illustrate above, if you currently buy coverage from Frankenmuth and switched to Utica National, you may realize annual savings of in the neighborhood of $26. Customers with Allied could save as much as $36 a year, and Travelers insureds might realize rate reductions of up to $72 a year.
These premium estimates are averaged for all drivers and vehicles and do not take into consideration a vehicle location with multiple speeding tickets. So the insurer that fits your age and vehicle best may not even be in the list above. That is why you need to compare as many prices as possible using your own driver data and vehicle information.
After a few driving violations, one of the more important criteria that determine the price you pay for insurance is where you live in Cincinnati. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The table below ranks the most costly cities in Ohio with multiple speeding tickets in which to purchase auto insurance. Cincinnati makes the list at #7 with a yearly cost of $1,174 for car insurance, which is about $98 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,279 |
| 3 | Cleveland | $1,235 |
| 4 | Cleveland Heights | $1,214 |
| 5 | Columbus | $1,199 |
| 6 | Euclid | $1,175 |
| 7 | Cincinnati | $1,174 |
| 8 | Akron | $1,169 |
| 9 | Dayton | $1,154 |
| 10 | Hamilton | $1,113 |
| 11 | Canton | $1,091 |
| 12 | Fairfield | $1,085 |
| 13 | Lakewood | $1,073 |
| 14 | Springfield | $1,061 |
| 15 | Newark | $1,053 |
| 16 | Beavercreek | $1,047 |
| 17 | Mansfield | $1,032 |
| 18 | Strongsville | $1,031 |
| 19 | Cuyahoga Falls | $1,027 |
| 20 | Middletown | $1,024 |
| Find the Best Rates Go | ||
Annual rates are approximated as vehicle location can raise or lower price quotes greatly.
Insuring your vehicle with the best insurance company is hard considering how many companies sell coverage in Cincinnati. The company information displayed below could help you decide which car insurance companies you want to consider when trying to find cheaper insurance with multiple speeding tickets. These ratings only include large, nationwide insurance companies, so smaller companies are not factored into these rankings.
Top 10 Major Auto Insurance Companies in Cincinnati Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Major Auto Insurance Companies in Cincinnati Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
How accidents and tickets impact rates
One of the best ways to receive affordable car insurance premiums in Cincinnati after a few driving violations is to drive carefully and avoid accidents and traffic violations. The example below shows how violations and at-fault fender-benders can influence insurance rates for different age categories. The premiums are based on a married male driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of auto insurance in Cincinnati per year with a clean driving record and no accidents is $1,364. Factor in one speeding ticket and the average cost jumps to $1,567, an increase of $203 each year. Then add in one accident along with the one speeding ticket and the annual cost of car insurance with multiple speeding tickets goes up to an average of $2,141. That’s an increase of $777, or $65 per month, just for being a little careless behind the wheel!
Do you need full coverage?
Paying less for car insurance is important to most people, and one great way to pay lower rates for insurance with multiple speeding tickets is to not insure for full coverage. The illustration below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The data is based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs $1,455 per year more than insuring for liability only. That brings up the question when is the right time to remove full coverage. There is no set rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.