Wouldn’t it be perfect if we could tell you instantly the one perfect company that has the best deal on coverage for a learners permit? Unfortunately, it’s just not that easy, as there are a ton of unknown aspects such as how many years you have been driving, your gender, what coverage limits you need, and if you own or rent your home, that all have an effect on the price of a policy. This article will cover the best ways to save on auto insurance and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance.
One of the many considerations that aid in calculating auto insurance rates is your zip code. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The following table lists the most expensive cities in Ohio for a learners permit in which to purchase auto insurance. Cincinnati ranks #5 with an annual cost of $1,186 for the average policy, which is approximately $99 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Toledo | $1,279 |
| 3 | Cleveland | $1,235 |
| 4 | Columbus | $1,235 |
| 5 | Cincinnati | $1,186 |
| 6 | Euclid | $1,175 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Akron | $1,135 |
| 9 | Hamilton | $1,113 |
| 10 | Dayton | $1,108 |
| 11 | Springfield | $1,105 |
| 12 | Canton | $1,091 |
| 13 | Fairfield | $1,085 |
| 14 | Lakewood | $1,073 |
| 15 | Newark | $1,063 |
| 16 | Kettering | $1,051 |
| 17 | Parma | $1,037 |
| 18 | Middletown | $1,035 |
| 19 | Beavercreek | $1,016 |
| 20 | Strongsville | $1,011 |
| 21 | Lorain | $1,005 |
| 22 | Mansfield | $1,002 |
| 23 | Cuyahoga Falls | $997 |
| 24 | Mentor | $988 |
| 25 | Elyria | $965 |
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Premium costs are comparative as the garaging address in Cincinnati can impact coverage prices substantially.
The type of vehicle you are trying to insure is one of the biggest factors when shopping for cheaper insurance for a learners permit. Vehicles with high performance engines, a lack of safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models.
The information below ranks coverage premiums for a handful of the cheapest automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $5,229 |
| Hyundai Elantra GLS Touring Station Wagon | $5,239 |
| Honda CR-V LX 4WD | $5,229 |
| Ford Escape XLT 4WD | $5,278 |
| Toyota Prius | $5,651 |
| Ford Edge SE 2WD | $5,832 |
| Ford Explorer XLT 4WD | $5,881 |
| Ford F-150 XLT Super Cab 2WD | $5,889 |
| Toyota Tacoma 2WD | $6,153 |
| Chevrolet Impala LT | $6,202 |
| Toyota RAV4 Limited 4WD | $6,207 |
| Toyota Camry LE | $6,202 |
| Dodge Grand Caravan Crew | $6,253 |
| Chevrolet Malibu LT | $6,258 |
| Ford Focus SEL 4-Dr Sedan | $6,474 |
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in vehicle location which can decrease or increase premium rates substantially.
Looking at the numbers, you can figure that makes and models like the Honda Accord, Hyundai Elantra, and Honda CR-V will definitely be the cheapest vehicles to insure for new drivers. Rates will tend to be more expensive because there is more liability exposure for a learners permit, but in general those models will probably have the cheapest car insurance rates available.
The example below demonstrates how choosing different deductibles can impact annual premium costs when trying to find cheap insurance for a learners permit. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are applied.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $178 a year by changing from a $100 deductible up to a $500 deductible, or save $272 by switching to a $1,000 deductible. Young drivers, such as the Age 20 example, could drop their prices $456 every year by choosing a higher deductible.
If you do decide to increase your deductibles, it will now be necessary to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Which insurance company is best in Cincinnati?
Picking a good quality insurance provider is hard considering how many companies sell coverage in Ohio. The company rank data displayed below can help you decide which car insurance companies to look at purchasing from.
The rankings below are for large, nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for the list. To compare price quotes and find the cheapest rates for a learners permit, click here.
| 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
Why you should be shopping around
Ohio insurance rates are calculated based on many things which can substantially change the price of your policy. Simply having another birthday, buying a different vehicle, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be cheaper than others. Not only may things change on your end, but insurance companies file new Ohio car insurance rates every year or even multiple times each year in order to protect their financial rating. Significantly higher losses may cause price increases, while lower claims can result in cheaper Cincinnati car insurance rates.
As an example, the graph below shows which company has the cheapest car insurance in Cincinnati, OH for a 40-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. When quoting prices based on his current situation, Utica National offers the most affordable car insurance rates in Cincinnati at $769 annually. This is $271 less than the average premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are also included in the cheapest Cincinnati, OH auto insurance companies.
The example below compares rates after we give the driver from the above example a claim, a little lower credit rating, and a couple of points charged on his driving record. Since each company has a different formula to determine rates, analyzing rate quotes may result in a completely different list of affordable companies as shown below.
Merchants Insurance Group now has the cheapest insurance rate in Cincinnati with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty also having competitive pricing. This demonstrates why it is critical to compare as many rates as possible to get the most budget-friendly car insurance rates for a learners permit.
Insurance rates are impacted by many different factors and change substantially, so the most economical company three years ago may now be costing you a lot of money.
The Cincinnati, OH, insurance agents below can help you decide which is the best policy, since some drivers wish to get some professional input when comparing insurance rates for new drivers. It can be difficult to find the best policy on your own, so getting advice from a licensed agent can add peace of mind knowing you have sufficient protection if you have a claim.
To find a Cincinnati insurance agent by location nearest to you, click the link at the bottom or click here to compare price quotes now.
- Hettesheimer Insurance Agency Inc.
3254 Montana Ave #1000 – Cincinnati, OH 45211 – (513) 661-7581 - Henry Insurance Agency LLC
2757 Observatory Ave #22 – Cincinnati, OH 45208 – (513) 871-7700 - Dennis Howard – State Farm Insurance Agent
309 W Kemper Rd – Cincinnati, OH 45246 – (513) 771-1436 - CAI Insurance Agency, Inc.
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140