Wouldn’t this article be short if we could magically tell you that one special company that has the best rates for good students? That is not the case, however, as there are a whole bunch of unknown elements such as the vehicle you drive, the number of miles you drive in a year, what deductibles you want to use, and if you need full coverage or just liability, that all have an effect on the price. In this article, we will cover the best ways to pay less and will give you a good start in finding the cheapest car insurance in Cincinnati.
One of the many considerations that aid in calculating car insurance rates is where you call home. Areas with increased crime or more people will most likely have higher rates, whereas areas that tend to be more rural get the luxury of paying less.
The next table ranks the most expensive areas in Ohio for good students to purchase a policy in. Cincinnati makes the list at #5 with a yearly cost of $1,222 for coverage, which is about $102 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Youngstown | $1,273 |
| 2 | Toledo | $1,267 |
| 3 | Cleveland | $1,235 |
| 4 | Columbus | $1,235 |
| 5 | Cincinnati | $1,222 |
| 6 | Cleveland Heights | $1,202 |
| 7 | Akron | $1,169 |
| 8 | Dayton | $1,154 |
| 9 | Hamilton | $1,135 |
| 10 | Euclid | $1,129 |
| 11 | Fairfield | $1,085 |
| 12 | Springfield | $1,072 |
| 13 | Newark | $1,063 |
| 14 | Canton | $1,058 |
| 15 | Middletown | $1,055 |
| 16 | Strongsville | $1,041 |
| 17 | Lakewood | $1,031 |
| 18 | Kettering | $1,020 |
| 19 | Beavercreek | $1,016 |
| 20 | Lorain | $1,015 |
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Table data uses estimated as vehicle location can impact coverage rates substantially.
The vehicle requiring coverage is one of the main factors that determines if you can find the cheapest auto insurance for good students. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models.
The information below features auto insurance premiums for some of the more affordable vehicles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $3,835 |
| Honda Accord LX-P 4-Dr Sedan | $3,840 |
| Ford Escape Limited 4WD | $4,134 |
| Hyundai Elantra SE Touring Station Wagon | $4,143 |
| Toyota Prius | $4,179 |
| Dodge Grand Caravan CV | $4,292 |
| Ford Edge SEL AWD | $4,508 |
| Ford Focus SE 4-Dr Sedan | $4,513 |
| Volkswagen Jetta LE 4-Dr Sedan | $4,550 |
| Chevrolet Impala LT | $4,557 |
| Chevrolet Equinox LS 2WD | $4,550 |
| Toyota RAV4 2WD | $4,559 |
| Ford Explorer Eddie Bauer AWD | $4,594 |
| Toyota Tacoma Double Cab 4WD | $4,604 |
| Ford F-350 XL Super Cab 2WD | $4,636 |
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Data variables include single female driver age 18, 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 specific Cincinnati, OH garaging location which can raise or lower premiums significantly.
By looking at the data, we can infer that models like the Honda CR-V, Honda Accord, Ford Escape, and Hyundai Elantra will be the cheaper vehicles to insure for student drivers.
Locating affordable car insurance is not most people’s favorite thing to do, and determining which insurers offer the lowest-priced car insurance rates for good students involves even more work. Each auto insurance company uses their own calculation for filing rates in each state, so we’ll go over the overall cheapest car insurance companies in Cincinnati.
It’s important to know that Cincinnati car insurance rates are based on many factors that will increase or decrease the price of your policy. Improving your financial situation, becoming a homeowner, or having a fender bender can trigger price changes that may make certain companies cheaper in comparison to the competition.
Best Auto Insurance Prices for Students
Utica National quotes some of the cheapest car insurance rates in Cincinnati at around $635 per year. Erie, Allied, Frankenmuth, and USAA also make the cut as some of the best Cincinnati, OH auto insurance companies.
In this example, if you currently have a policy with Frankenmuth and switched to Erie, you could see a yearly savings of in the vicinity of $41. Insureds with USAA may save as much as $52 a year, and Travelers insureds might reduce rates by $66 a year.
Be aware that those premiums are averages across all insureds and vehicles and are not factoring in a specific location for good students. So the insurer that fits you best may not even be in the top 33 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
Types of discounts on Cincinnati car insurance rates
Insurance companies that sell policies for good students may also offer discounts that can reduce rates by as much as 30% if you meet specific criteria. A few of the larger companies and a summarized list of policyholder discounts can be read below.
- State Farm offers discounts including passive restraint, defensive driving training, accident-free, multiple autos, Drive Safe & Save, good student, and student away at school.
- GEICO may include discounts for emergency military deployment, anti-theft, defensive driver, air bags, and anti-lock brakes.
- Liberty Mutual has savings for multi-car, new graduate, teen driver discount, multi-policy, safety features, and new move discount.
- The Hartford offers discounts for defensive driver, bundle, good student, driver training, vehicle fuel type, and air bag.
- MetLife policyholders can earn discounts including defensive driver, claim-free, accident-free, good driver, multi-policy, good student
- Progressive offers premium reductions for multi-policy, good student, continuous coverage, multi-vehicle, and homeowner.
The chart below illustrates the difference between premium costs with and without discounts applied to the policy premium. The premiums assume a female driver, no accidents, no driving violations, Ohio state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, anti-theft, paperless filing, paid-in-full, continuous coverage, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for good students is 28% or $558.
Driving violations and accidents
One of the best ways to receive low car insurance rates in Cincinnati for student drivers is to be a good driver and not have accidents or get tickets. The information below demonstrates how speeding tickets and fender-benders influence insurance prices for different insured age categories. The prices are based on a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
The chart shows that the average cost of auto insurance per year with no violations or accidents is $1,027. Add in one speeding ticket and the average cost jumps to $1,191, an increase of $164 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for good students increases to an average of $2,579. That’s an increase of $1,552, or $129 per month, just for being a less-than-perfect driver!
How to find the cheapest insurance for good students
Lowering your rates is not difficult, and here are many thrifty solutions that can help Ohio drivers find cheap auto insurance.
- Avoid accidents and claims
- Clean up your credit
- You will pay more if you get tickets or have at-fault accidents
- Claim-free policyholders usually earn a discount
- Buy vehicles with five-star safety ratings
- Comparison shop at least every other year
The last tip is highly valuable, as was stressed in the article above. Prices charged by car insurance companies can change significantly in a year, so don’t be tentative to switch companies if a more affordable price is available.
Staying with the same company for years is fine, but it’s not recommended if that faithfulness ends up costing you a lot of money. Now is a great time to compare rates and find cheaper car insurance for good students in Cincinnati.