The words “cheap” and “insurance” probably shouldn’t be used together, specifically when trying to find the best price on coverage for immigrants. In an attempt to save some money, let’s get started by showing you some situations that have an impact on auto insurance premiums, and find out if you can lower the cost of the next policy you buy.
One of the many components that help determine the annual cost of car insurance is where you call home in Cincinnati. Areas with high crime rates or more dense population tend to have more expensive auto insurance rates, whereas areas that tend to be more rural benefit from having to pay less for coverage.
The information below lists the most expensive cities in Ohio for immigrants to purchase car insurance in. Cincinnati comes in at #4 with an annual premium of $1,210 on average, which is about $101 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,267 |
| 2 | Cleveland | $1,259 |
| 3 | Youngstown | $1,235 |
| 4 | Cincinnati | $1,210 |
| 5 | Columbus | $1,199 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Dayton | $1,142 |
| 8 | Euclid | $1,140 |
| 9 | Akron | $1,135 |
| 10 | Hamilton | $1,113 |
| 11 | Springfield | $1,105 |
| 12 | Canton | $1,091 |
| 13 | Fairfield | $1,063 |
| 14 | Newark | $1,063 |
| 15 | Kettering | $1,051 |
| 16 | Beavercreek | $1,047 |
| 17 | Lakewood | $1,031 |
| 18 | Cuyahoga Falls | $1,027 |
| 19 | Parma | $1,027 |
| 20 | Middletown | $1,024 |
| 21 | Strongsville | $1,001 |
| 22 | Elyria | $995 |
| 23 | Mansfield | $992 |
| 24 | Lorain | $985 |
| 25 | Mentor | $978 |
| Find the Best Rates Go | ||
Premium costs are comparative as the specific zip code location can change premium rates considerably.
Deciphering which companies have the most affordable auto insurance rates for immigrants may require more work in order to find the best price.
Every car insurance company has their own formula for setting prices, so we need to take a look at the auto insurance companies that tend to have lower prices in Ohio.
Best Insurance Companies for Migrants
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Frankenmuth | $680 |
| 3 | Erie | $687 |
| 4 | Allied | $690 |
| 5 | USAA | $733 |
| 6 | Travelers | $733 |
| 7 | Cincinnati Insurance | $772 |
| 8 | Merchants Insurance Group | $778 |
| 9 | Motorists Mutual | $816 |
| 10 | General Casualty | $829 |
| 11 | Grange Mutual | $836 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $858 |
| 14 | Hastings Mutual | $866 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $918 |
| 17 | Western Reserve | $961 |
| 18 | Progressive | $991 |
| 19 | Farmers | $995 |
| 20 | Auto-Owners | $998 |
| Find Cheaper Rates Go | ||
Utica National may have some of the best car insurance rates in Cincinnati at around $647 a year. Frankenmuth, Erie, Allied, and USAA also qualify as some of the cheaper Cincinnati, OH auto insurance companies.
As the example above demonstrates, if you currently have a policy with Allied and switched to Utica National, you might realize an annual premium reduction of about $43. Customers with USAA may save as much as $86 a year, and Travelers insureds might lower prices by up to $86 a year.
To find cheaper insurance rates for your vehicle, click here to start your custom quote or quote prices from the following companies.
It’s important to note that these rates are averaged for all drivers and vehicles and and are not figured with a specific vehicle garaging location for immigrants. So the company that is most affordable for your situation may not even be in the top 33 companies shown above. That helps illustrate why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
The illustration below demonstrates how deductibles can increase or decrease insurance prices when getting quotes for cheap insurance for immigrants. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could lower rates by $186 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $282 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could potentially save $612 every year by using a higher deductible.
If you do raise deductibles, it is necessary to have spare funds to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Rate comparison of full coverage and liability-only
Paying less for auto insurance is important to most drivers, and one easy way to pay less for insurance for immigrants is to not insure for full coverage. The information below illustrates the comparison of yearly insurance costs with liability coverage only compared to full coverage. The premiums assume no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are factored in.
On average, full coverage costs $1,308 per year over having just liability coverage. At some point, about every driver wonders if paying for full coverage is a waste of money. There is no exact rule for phasing out physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
Why you should shop around
Ohio auto insurance rates are impacted by many things that control the cost of a policy. Simply having another birthday, moving across town, or getting a DUI may prompt premium changes that can make some companies more affordable than the competition. In addition, insurance companies amend premium rates multiple times each year in order to offset underwriting gains or losses. A period of higher than normal claims can cause higher prices, while long-term profits may produce lower-priced Cincinnati car insurance rates.
The chart below demonstrates which company has the cheapest car insurance in Cincinnati, OH for a 35-year-old female driver with no prior claims, no tickets, and a good credit history. When quoting prices based on her personal profile, Utica National quotes the most affordable car insurance rates in Cincinnati at $795 per year. This is $245 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the cheapest Cincinnati, OH auto insurance companies.
Now we will pretend the driver in the first example an at-fault accident, slightly worse credit, and a traffic citation. Because each company uses their own calculation for determining prices, comparing quotes may result in a different list of cheap Cincinnati auto insurance companies as shown below.
Merchants Insurance Group now has the lowest price in Cincinnati, OH with Cincinnati Insurance, Grange Mutual, General Casualty, and Motorists Mutual now rounding out the top five. This demonstrates why Ohio drivers need to shop around when trying to find the best auto insurance rates for immigrants.
Prices can be determined by many different factors and change substantially, so the cheapest company six months ago may now cost much more than other companies.
The insurance agencies below can probably help you determine which insurance coverage will be best for you, since some drivers aren’t sure which coverage they need and prefer to have professional advice when comparing insurance rates for foreigners. It can be difficult to find the best coverage yourself, and insurance agents licensed in the state of Ohio can provide peace of mind knowing your policy gives you sufficient coverage for your assets.
To locate a Cincinnati auto insurance agent near you, click the button link following the list.
- Huesman Schmid Insurance Agency, Inc
5670 Cheviot Rd – Cincinnati, OH 45247 – (513) 521-8590 - Deatria Walker – State Farm Insurance Agent
3252 N Bend Rd – Cincinnati, OH 45239 – (513) 661-0400 - CAI Insurance Agency, Inc.
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140
Find a Cincinnati, OH insurance agent near you
Tips to find economical insurance for immigrants
The list below summarizes some of the better money-saving suggestions that can help Cincinnati drivers quote more affordable car insurance.
- Vehicles with good safety ratings are usually cheaper to insure
- Buying home and auto together can help save money
- Do not get into accidents that are your fault
- Avoid filing small claims
- Save money by obeying traffic laws and keeping a clean driving record
- Save money by insuring older vehicles for liability only
- Compare rates regularly and switch companies to save money
The last idea is remarkably critical, as was discussed in the article above. Auto insurance prices adjust often, so don’t be hesitant to buy a different policy if you can find a cheaper rate.
Many drivers prefer to stick with one company, but we do not recommend it if that loyalty ends up costing hundreds every year. In just a few minutes you could shop around and find cheaper auto insurance for immigrants in Cincinnati.