Wouldn’t it be easy if you could know instantly the one best company that has the best auto insurance prices for drivers under 25? That is not the case, however, as there are a whole bunch of unknown aspects such as what deductibles you want to use, whether you are single or married, and your gender. The content below will cover these types of topics and will hopefully give you a solid foundation to find cheaper car insurance in Cincinnati.
Trying to find budget auto insurance is hard enough, and figuring out which companies offer the best insurance rates for drivers under 25 requires a bit more work. Each insurer has a unique formula for establishing rates, so to begin we’ll rank the overall cheapest insurance companies in Ohio.
We do need to point out that Cincinnati, OH insurance rates are impacted by many factors that control the price you have to pay. Price variation is why drivers need to spend some time comparing rates to find cheap car insurance rates for drivers under 25. Auto insurance prices are made up of many factors and change frequently, so the most economical company when you bought your policy may now cost much more than other companies.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $661 |
| 3 | Allied | $690 |
| 4 | Frankenmuth | $708 |
| 5 | USAA | $719 |
| 6 | Travelers | $726 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Motorists Mutual | $824 |
| 10 | General Casualty | $829 |
| 11 | Grange Mutual | $836 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $867 |
| 14 | Hastings Mutual | $884 |
| 15 | Westfield | $918 |
| 16 | Atlantic States | $931 |
| 17 | Auto-Owners | $958 |
| 18 | Western Reserve | $961 |
| 19 | Progressive | $991 |
| 20 | Farmers | $995 |
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Utica National quotes some of the cheapest car insurance rates in Cincinnati at around $647 per year. Erie, Allied, Frankenmuth, and USAA also rank well as some of the most economical Cincinnati, OH insurance companies.
As depicted above, if you are a customer of Allied and switched to Utica National, you might achieve an annual premium reduction of approximately $43. Insureds with Frankenmuth might save as much as $61 a year, and USAA customers might lower prices by $72 a year.
To find the cheapest coverage for you, click here or visit any of the low-priced companies below.
Bear in mind that those policy prices are averages across all types of insureds and vehicles and and are not figured with a specific zip code for drivers under 25. So the company that fits your needs best may not even be in the top 33 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
For drivers age 25 and younger, one of the more important criteria that determine the amount you pay each year for auto insurance is where you call home. Areas with increased crime or more people tend to have higher rates, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The information below shows the most expensive places in Ohio for drivers under 25 in which to buy car insurance. Cincinnati is ranked at #5 costing $1,186 for the average insured, which is around $99 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,267 |
| 3 | Cleveland | $1,235 |
| 4 | Columbus | $1,235 |
| 5 | Cincinnati | $1,186 |
| 6 | Euclid | $1,175 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Akron | $1,157 |
| 9 | Dayton | $1,120 |
| 10 | Hamilton | $1,113 |
| 11 | Fairfield | $1,095 |
| 12 | Canton | $1,091 |
| 13 | Lakewood | $1,063 |
| 14 | Newark | $1,063 |
| 15 | Springfield | $1,061 |
| 16 | Middletown | $1,055 |
| 17 | Beavercreek | $1,047 |
| 18 | Cuyahoga Falls | $1,037 |
| 19 | Mansfield | $1,032 |
| 20 | Strongsville | $1,031 |
| 21 | Parma | $1,027 |
| 22 | Kettering | $1,009 |
| 23 | Elyria | $1,005 |
| 24 | Mentor | $978 |
| 25 | Lorain | $975 |
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Premium costs are comparative as the specific zip code location can decrease or increase coverage rates considerably.
The vehicle model to be insured is a large consideration that determines if you can find the lowest-priced auto insurance for drivers under 25. Vehicles with lower performance, modern passenger safety features, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The next list estimates insurance costs for some of the most affordable automobiles to insure in Ohio.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $3,210 |
| Ford Escape Limited 2WD | $3,258 |
| Hyundai Elantra SE Touring Station Wagon | $3,496 |
| Toyota Prius | $3,543 |
| Dodge Grand Caravan SE | $3,571 |
| Ford Explorer Eddie Bauer 2WD | $3,580 |
| Honda Odyssey EX | $3,762 |
| Chevrolet Impala LT | $3,809 |
| Chevrolet Equinox LT 2WD | $3,815 |
| Toyota RAV4 Sport 2WD | $3,809 |
| Chevrolet Malibu Hybrid | $3,815 |
| Ford F-150 FX2 2WD | $3,857 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $3,867 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $3,857 |
| Ford Focus SES 4-Dr Sedan | $4,000 |
| Ford Edge Limited AWD | $4,048 |
| Toyota Corolla XLE | $4,053 |
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Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in Cincinnati, OH location which can alter coverage prices noticeably.
Based on these rates, you can conclude that models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are likely to be a few of the most economical vehicles to insure for drivers age 25 and younger. Auto insurance rates will be more expensive because there is more liability exposure for drivers under 25, but overall those particular vehicles will have the best rates compared to other types of vehicles.
Rate difference between full and liability-only coverage
Finding cheaper insurance is important to the majority of vehicle owners, and one of the fastest ways to buy cheap insurance for drivers under 25 is to not insure for full coverage. The illustration below shows the difference between auto insurance costs with and without physical damage coverage. The data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no policy discounts are applied.
If the expense is averaged for all age categories, full coverage costs $1,601 per year more than just buying liability only. That may make you wonder if full coverage is worth the money. There is no definitive formula to stop paying for comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement cost is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $10,000 after paying the physical damage deductible. If you are paying over $1,000 a year for physical damage coverage, then it might be time to buy liability only.
There are a few situations where removing full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Choosing a good quality insurer is difficult considering how many different companies there are to choose from in Ohio. The company information shown next could help you analyze which car insurance providers you want to consider when trying to find cheaper insurance for drivers under 25. These ratings only include the largest companies in the United States, so companies with more of a regional focus are not included in the list.
| 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 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
How violations and accidents impact rates
The ideal way to obtain cheap insurance rates for drivers age 25 and younger is to be a safe driver and avoid accidents and violations. The information below demonstrates how citations and at-fault collisions can raise car insurance rates for each different age group. The prices are based on a married female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the chart above, the average cost of car insurance per year with no accidents and a clean driving record is $833. Add in two speeding tickets and the average cost jumps to $1,176, an increase of $342 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for drivers under 25 goes up to an average of $1,519. That’s an increase of $686, or $57 per month, just for a couple of infractions!