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Erie, Auto Owners, Nationwide and Progressive offer the cheapest insurance with minimum coverage in Toledo, with rates from Erie starting at $24 per month
Cheapest Full Coverage Insurance Ohio
Written by: Daniel Robinson, Written by: Daniel Robinson Writer Daniel is a Guides team writer and has written for numerous automotive news sites and marketing companies in the US, U.K. and Australia, specializing in car finance and car care topics. Daniel is a Guides team authority on car insurance, loans, warranty options, car services and more.
Best Car Insurance Companies Of October 2023
Edited by: Rashawn Mitchner.
In Toledo, Ohio, the price of basic auto insurance is about 15% higher than the national average. So, Toledo drivers will likely want to compare prices and consider purchasing from affordable insurance companies. We at the Guides team have ranked the best car insurance companies on a variety of factors, including cost. In this article, we will go in-depth into which insurance companies in Toledo offer affordable prices according to your driving profile.
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The Guides Team is committed to providing reliable information to help you make the best decision possible about insuring your car. Because consumers trust us to provide objective and accurate information, we have created a comprehensive rating system to formulate our ranking of the best car insurance companies. We collected data on dozens of car insurance providers to rank the companies on a wide range of ranking factors. After 800 hours of research, the final result was an overall rating for each provider, with the insurers that scored the most points at the top of the list.
Compare Car Insurance Quotes (october 2023 Rates)
The best and cheapest options for car insurance in Toledo are Erie, Auto owners, Nationwide, Progressive and Westfield. These companies provide rates that are lower than the average prices for minimum and full coverage in the city. In addition, they are known for their excellent customer service and for the quality of the coverage they offer.
Unless otherwise noted, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving record.
Our data shows that the average cost of car insurance for insurance with minimum coverage in Toledo is $60 per month or $723 per year. This is about 15% more than the national average of $52 per month or $627 per year. Similarly, full coverage insurance costs $152 per month or $1,823 per year on average, which is about 9% less expensive than the national average of $167 per month or $2,008 per year for full coverage.
Erie offers the cheapest liability insurance with average rates of $24 per month or $286 per year. Car ownership is the second cheapest option in Toledo with average rates of $28 per month or $341 per year.
Cheapest Car Insurance For A Bad Driving Record
Liability coverage is the minimum coverage required by the state of Ohio. According to Ohio law, all drivers must meet or exceed the following minimum coverage limit requirements:
A full coverage auto insurance policy can be expensive in Toledo. Comprehensive coverage includes liability plus comprehensive coverage and collision coverage, which protect against damage to your vehicle in a variety of situations. Nationwide, the cheapest option is full coverage with average rates of $74 per month or $889 per year.
The company that offers the lowest price for you may quote a higher price to another driver because car insurance rates are affected by a variety of factors. In the following sections, we will examine the cost of car insurance in Toledo based on several factors, including the driver’s age, credit score and driving record. Since Toledo has multiple ZIP codes with varying average car insurance costs, we will also look at those.
Some good ways to find affordable auto insurance are by comparing quotes from insurance agencies throughout the Toledo area and by increasing your deductible. You may also consider cutting out additional services such as roadside assistance if you currently have them.
Best Car Insurance Companies Of October 2023
Bundling your auto policy with life insurance, renter’s coverage and home insurance if you’re a homeowner can also save you money. Keep in mind that certain factors, such as your age, gender and marital status, will affect rates, regardless of what you do to save in other ways.
Car insurance is more expensive for teenagers because, statistically, these drivers have a greater chance of getting into accidents or breaking traffic laws. Our data shows that 16-year-olds pay about $267 per month or $3,205 per year for car insurance in Toledo.
As people enter their twenties and into adulthood, car insurance premiums generally become cheaper. In Toledo, the average minimum car insurance coverage costs vary greatly between different age groups.
Car insurance for teenagers is expensive, but some insurance providers tend to be more affordable than others. Our data shows that Erie is the cheapest car insurance company for toe drivers, with minimum coverage rates as low as $72 per month or $868 per year. Car owners, Nationwide and Geico also offer affordable premiums for Toledo teens.
Cheap Car Insurance In Ohio
Many states, including Ohio, use credit scores to decide how much a person will pay for car insurance. If you have a low credit score, your car insurance will cost more, while those with a high credit score will pay less.
Our rate data shows that Nationwide is the cheapest option for bad credit auto insurance in Toledo. The company offers minimum coverage policies to drivers with bad credit for rates of $43 per month or $516 per year. This is 86% more than the overall state average for good credit minimum coverage.
People who have received speeding tickets, been in an accident or received a DUI should anticipate higher car insurance rates. On average, speeding can increase your rates by 20%, an accident by 45% and a DUI by 65%.
Each car insurance company increases their rates for high-risk drivers on a different scale. We have discovered that Erie is the best choice if you have driving violations on your record. The table below shows average rates per company for drivers who have either a speeding ticket, accident or DUI on their record.
Cheapest Liability Only Car Insurance (2023 Guide)
According to our data, Erie offers the cheapest car insurance rates to drivers who have a speeding ticket on their records – $26 per month or $317 per year. Car Owners follows close behind with an average monthly rate of $40, while Westfield, Progressive and Nationwide round out the top five options for cheap auto insurance for car traffic in Toledo.
If youcause an accident while driving, your insurance rates could go up more than if you just got a speeding ticket. Erie and Auto owners are the cheapest options here, with average rates of about $34 per month and $44 per month, respectively. Take a look at the chart below, and you’ll see that some car insurance companies charge a lot more for coverage after an accident.
Getting a DUI can cost your car insurance in Toledo much more each year, sometimes even hundreds more. Progressive is very cheap compared to other companies, offering average rates of $39 per month or $471 per year for drivers with a DUI. Erie, Auto Owners and Nationwide are also good options, with rates under $67 per month on average.
Insurance costs may vary in different areas of Toledo due to varying rates of insurance claims. This ultimately affects the amount you will pay for insurance. Below you can see that certain zip codes in Toledo can be up to 2% cheaper or 5% more expensive than the city average.
Best Cheap Car Insurance In Cincinnati For 2023
While car coverage in Toledo is 39% higher than Ohio car insurance and 15% more than the national average, there are still cheap providers to shop around. Erie offers the cheapest minimum coverage in the city at around $24 per month. Car Owners also offers very affordable rates for full coverage for Toledo drivers for $94 per month.
Compare free quotes to find the company that meets your Ohio auto insurance needs at the best rate. You can compare insurance products and get car insurance quotes online or from insurance agents.
Our data shows that a car insurance policy with minimum coverage in Toledo costs $60 per month or $723 per year on average. If you want a policy with full coverage, you will pay an average of $152 per month or $1,823 per year.
Full coverage auto insurance in Toledo is about 9% less expensive than the national average, while minimum coverage is 15% more expensive than the national average.
Best Cheap Car Insurance For High Risk Drivers: Expert Reviewed In 2023
Daniel is a Guides team writer and has written for numerous automotive news sites and marketing companies in the US, U.K. and Australia, specializing in car finance and car care topics. Daniel is a Guides team authority on car insurance, loans, warranty options, car services and
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