Determining which companies offer the lowest-priced insurance rates for 18 year olds will involve more time than just quoting one company’s rates.
Each insurance company uses their own formula to set policy rates, so we’ll go over the most affordable insurance companies in Cincinnati.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Erie | $661 |
| 3 | Frankenmuth | $680 |
| 4 | Allied | $697 |
| 5 | USAA | $711 |
| 6 | Travelers | $733 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $772 |
| 9 | Motorists Mutual | $800 |
| 10 | General Casualty | $805 |
| 11 | Grange Mutual | $836 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $866 |
| 14 | State Farm | $867 |
| 15 | Atlantic States | $931 |
| 16 | Western Reserve | $932 |
| 17 | Westfield | $946 |
| 18 | Auto-Owners | $968 |
| 19 | Progressive | $982 |
| 20 | Nationwide | $998 |
| Find Cheaper Rates Go | ||
Utica National generally has some of the best car insurance rates in Cincinnati at around $654 a year. Erie, Frankenmuth, Allied, and USAA would also be considered some of the most economical Cincinnati, OH insurance companies.
In the above rates, if you are a policyholder with Erie and switched to Utica National, you could earn savings of about $7. Insureds with Frankenmuth might save as much as $26 a year, and Allied customers might reduce rates by $43 a year.
To find out how much you can save, click here or quote rates from the companies below.
Bear in mind that those premium estimates are averaged for all insureds and vehicles and and are not figured with a vehicle location for 18 year olds. So the auto insurance company that is best suited for you may not even be in the top 33 companies in the list above. That is why you need to compare prices as often as possible using your own personal information and vehicle type.
One of the more important factors that are used to help calculate car insurance rates is where you live in Cincinnati. Cities with larger populations or higher claim trends will most likely have higher rates, whereas less populated areas benefit from having to pay less for coverage.
The next table lists the most costly cities in Ohio for 18 year olds to buy car insurance in. Cincinnati is listed at #6 with an annual cost of $1,210 for car insurance, which is around $101 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Cleveland | $1,235 |
| 3 | Columbus | $1,235 |
| 4 | Toledo | $1,229 |
| 5 | Cleveland Heights | $1,214 |
| 6 | Cincinnati | $1,210 |
| 7 | Dayton | $1,154 |
| 8 | Euclid | $1,129 |
| 9 | Akron | $1,123 |
| 10 | Hamilton | $1,113 |
| 11 | Canton | $1,102 |
| 12 | Fairfield | $1,095 |
| 13 | Newark | $1,095 |
| 14 | Springfield | $1,061 |
| 15 | Beavercreek | $1,058 |
| 16 | Kettering | $1,040 |
| 17 | Middletown | $1,035 |
| 18 | Lakewood | $1,031 |
| 19 | Mansfield | $1,022 |
| 20 | Mentor | $1,018 |
| 21 | Lorain | $1,015 |
| 22 | Cuyahoga Falls | $1,007 |
| 23 | Strongsville | $1,001 |
| 24 | Parma | $997 |
| 25 | Elyria | $995 |
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Premium amounts are estimated as vehicle location can affect price quotes noticeably.
The vehicle model you are buying coverage for is one of the largest considerations when comparing quotes for low-cost insurance for 18 year olds. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost more to insure than more economical and safe models. The information below shows coverage rates for some of the cheaper vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $3,462 |
| Honda CR-V EX 4WD | $3,502 |
| Hyundai Elantra SE Touring Station Wagon | $3,736 |
| Toyota Prius | $3,773 |
| Toyota Tacoma 2WD | $4,072 |
| Chevrolet Impala LS | $4,081 |
| Toyota RAV4 Sport 4WD | $4,112 |
| Toyota Camry LE | $4,118 |
| Dodge Grand Caravan Hero | $4,112 |
| Chevrolet Silverado LT Extended Cab 4WD | $4,117 |
| Chevrolet Equinox LT 2WD | $4,112 |
| Volkswagen Jetta S 4-Dr Sedan | $4,118 |
| Ford F-150 Lariat Super Cab 4WD | $4,149 |
| Compare Rates Now Go | |
Data based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific zip code location which can revise coverage prices substantially.
Based upon the rates shown, models like the Ford Escape, Honda CR-V, Hyundai Elantra, Toyota Prius, and Toyota Tacoma are likely to be the less-costly vehicles to insure for teen drivers. Rates will trend higher because of the fact that there is more inherent risk for 18 year olds, but overall those particular models will most likely have the cheapest auto insurance rates compared to other types of vehicles.
Discounts on Cincinnati car insurance
Insurance providers that provide policies for 18 year olds may have policy discounts that can reduce rates by 30% or more if you meet eligibility requirements. A list of companies and some of the discounts can be found below.
- State Farm has savings for good student, anti-theft, Steer Clear safe driver discount, multiple policy, safe vehicle, Drive Safe & Save, and student away at school.
- Liberty Mutual may include discounts for new graduate, multi-policy, multi-car, hybrid vehicle, newly married, teen driver discount, and exclusive group savings.
- American Family may have discounts that include accident-free, good driver, defensive driver, air bags, Steer into Savings, and multi-vehicle.
- Progressive offers discounts for online signing, online quote discount, multi-vehicle, multi-policy, and continuous coverage.
- Farmers Insurance includes discounts for pay in full, good student, early shopping, teen driver, and youthful driver.
- Auto-Owners Insurance has discounts for mature driver, student away at school, safe vehicle, multiple vehicles, and good student.
- SAFECO discounts include anti-theft, bundle discounts, safe driver, homeowner, drive less, and teen safety rewards.
The information below shows the comparison of auto insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no claims, a clean driving record, Ohio state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, anti-theft, paid-in-full, paperless filing, vehicle safety, and good student discounts applied. When drivers take advantage of discounts, theamount saved on insurance for 18 year olds is 28% or $309.
Responsible drivers pay cheaper Cincinnati insurance rates
The ideal way to get the most affordable insurance prices for teen drivers is to drive cautiously and maintain a clean driving record. The illustration below shows how traffic citations and at-fault fender-benders can raise insurance costs for different age groups of insureds. The premium estimates are based on a married male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance in Ohio per year with no violations or accidents is $1,028. Receive one speeding ticket and the average cost increases to $1,178, an increase of $150 each year. Then add in two accidents along with the one speeding ticket and the annual cost of insurance for 18 year olds goes up to an average of $2,480. That’s an increase of $1,452, or $121 per month, just for being a less-than-perfect driver!
The illustration below demonstrates how choosing different deductibles can increase or decrease insurance premiums when trying to find cheap insurance for 18 year olds. Data assumes a single female driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 40-year-old driver could lower their car insurance rates by $250 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $378 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could potentially save $640 or even more just by choosing higher deductibles.
If you do raise deductibles, it will now be necessary to have enough funds in savings to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
The auto insurance agents in Cincinnati shown below are willing to help you decide which policy fits your needs best, as some drivers wish to have some professional guidance when shopping for the best coverage for teen drivers. It can be complicated to find the cheapest auto insurance company, so professional agents can give you comfort knowing your policy gives you adequate protection.
To locate an agency using an interactive map, click the button after the list.
- Beth Wilker – State Farm Insurance Agent
8406 Winton Rd – Cincinnati, OH 45231 – (513) 521-0884 - United Heartland Insurance Agencies
6701 Ruwes Oak Dr – Cincinnati, OH 45248 – (513) 896-5555 - Allstate Insurance: Marianne Geiger
4204 Plainville Rd – Cincinnati, OH 45227 – (513) 808-4811