Who Has Affordable Car Insurance Rates for College Graduates in Cincinnati?

Trying to buy budget auto insurance is not the easiest thing to do, and figuring out which company offers the most affordable insurance rates for college graduates will involve even more work. Every insurance provider has their own guidelines to determine premium rates, so we need to take a look at the insurance companies that tend to have lower prices in Cincinnati, OH.

It’s important that you understand Ohio insurance rates are influenced by many factors that can increase the cost of coverage. That is why it is critical to shop around with many companies to find the most affordable auto insurance quotes for college graduates. Auto insurance prices consist of many different factors and can increase or decrease at any time, so the cheapest rate three years ago may now be costing you a lot of money.

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Ohio car insurance ranked by cost per year
Rank Company Cost Per Year
1 Utica National $647
2 Erie $661
3 Frankenmuth $687
4 Allied $690
5 Travelers $733
6 USAA $741
7 Cincinnati Insurance $756
8 Merchants Insurance Group $771
9 Grange Mutual $804
10 General Casualty $805
11 Motorists Mutual $824
12 Central Mutual $840
13 Hastings Mutual $858
14 State Farm $885
15 Westfield $908
16 Atlantic States $931
17 Western Reserve $932
18 Nationwide $988
19 Auto-Owners $988
20 Progressive $991
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Utica National quotes some of the lowest car insurance rates in Cincinnati at around $647 annually. Erie, Frankenmuth, Allied, and Travelers are also some of the cheaper Cincinnati, OH insurance companies.

In this example, if you currently have a policy with Travelers and switched to Erie, you might achieve a yearly savings of upwards of $72. Ohio drivers with USAA may save as much as $80 a year, and Cincinnati Insurance policyholders might reduce prices by as much as $95 a year.

Understand that those prices are averages for all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for college graduates. So the auto insurance company that is most affordable for your situation may not even be in the list above. That affirms the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

For college grads, one of the big criteria that aid in calculating auto insurance rates is where you live. Cities with larger populations tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.

The next table sorts the highest-priced areas in Ohio for college graduates to buy an auto insurance policy in. Cincinnati ranks #6 with an annual cost of $1,186 for the average insurance policy, which is about $99 each month.

How much is auto insurance in Cincinnati, OH?
Rank City Average Per Year
1 Youngstown $1,273
2 Columbus $1,247
3 Toledo $1,241
4 Cleveland $1,222
5 Cleveland Heights $1,202
6 Cincinnati $1,186
7 Euclid $1,175
8 Akron $1,169
9 Dayton $1,108
10 Hamilton $1,102
11 Fairfield $1,095
12 Canton $1,069
13 Springfield $1,061
14 Beavercreek $1,058
15 Newark $1,053
16 Kettering $1,051
17 Strongsville $1,041
18 Lakewood $1,041
19 Middletown $1,024
20 Parma $1,007
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Premium amounts are estimated as the specific geographic location can change rates significantly.

Buying coverage from the best auto insurance provider can be difficult considering how many different companies sell coverage in Cincinnati. The ranking information displayed below could help you pick which companies to look at comparing rates from. The rankings below include insurance companies that insure vehicles in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for the list.

Top 15 Insurance Companies for College Graduates in Cincinnati, OH
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Insure.com Best Car Insurance Companies

How to get discounts on Cincinnati car insurance rates

Cheaper Cincinnati, OH insurance for college gradsInsurance providers that provide policies for college graduates may provide discounts that may potentially lower prices by as much as 25% or more if you meet certain criteria. A few popular companies and some of their more popular discounts are included below.

The diagram below illustrates the difference between insurance prices with and without policy discounts. The information is based on a female driver, no violations or accidents, Ohio state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with multiple policy, accident-free, anti-theft, vehicle safety, safe-driver, and passive restraint discounts applied. In this example, the average savings per year on insurance for college graduates is 28% or $379.

Price comparison of only insuring for liability

Saving money on insurance should be important to the majority of vehicle owners, and one of the easiest ways to find cheap insurance for college graduates is to only pay for liability coverage. The diagram below shows the difference between car insurance costs when comparing full coverage to liability only. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied.

If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an extra $1,782 per year over and above liability coverage. A very common question is if paying for full coverage is a waste of money. There isn’t a written rule for eliminating physical damage coverage, but there is a general guideline you can use. If the yearly cost of 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.