What Insurance is Cheapest for Teenagers in Cincinnati?

In a perfect world, we could just tell you the company that has the most affordable coverage in Ohio. That is not the case, however, as there are a whole slew of unknown elements such as the annual mileage you drive, your gender, the neighborhood you live in, and citations or tickets. This article delves into these types of topics and hopefully give you enough understanding to have a good start to your coverage search.

The vehicle model driven is probably the largest consideration when quoting affordable insurance for teenagers. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost significantly more to insure than more economical and safe models. The table below features insurance costs for a handful of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Cincinnati, OH
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 2WD $4,243
Ford Escape XLT 2WD $4,252
Honda Accord LX-P 4-Dr Sedan $4,243
Volkswagen Jetta S 2.5 Station Wagon $4,552
Toyota Prius $4,593
Ford Explorer XLT AWD $4,766
Jeep Wrangler Rubicon 4WD 2-Dr $4,771
Ford Edge Limited 2WD $4,992
Toyota Tacoma 2WD $5,000
Jeep Grand Cherokee Laredo 4WD $5,034
Toyota RAV4 4WD $5,043
Ford F-150 FX4 4WD $5,075
Dodge Grand Caravan SXT $5,081
Chevrolet Malibu LT $5,075
Hyundai Elantra Blue 4-Dr Sedan $5,260
Ford Focus SEL 4-Dr Sedan $5,266
Honda Civic LX-S 4-Dr Sedan $5,260
Chevrolet Impala LTZ $5,301
Toyota Corolla S $5,309
Toyota Camry SE $5,301
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Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific location information which can alter premium rates considerably.

Based upon these rates, you can expect cars like the Honda CR-V, Ford Escape, Honda Accord, Volkswagen Jetta, and Toyota Prius are likely to be the cheaper vehicles to insure for teen drivers. The price for car insurance will tend to be more expensive just due to the fact that there is more risk for teenagers, but in general those specific models will have the best rates available.

One of the more important things that aid in calculating car insurance rates is where you call home. Cities with more crime and/or more people tend to have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.

The following table rates the highest-priced places in Ohio for teenagers to purchase a policy in. Cincinnati shows up at #5 with the yearly price of $1,186 for the average insurance policy, which is around $99 each month.

How much does auto insurance cost in Cincinnati?
Rank City Annual Premium
1 Youngstown $1,285
2 Cleveland $1,272
3 Toledo $1,267
4 Columbus $1,235
5 Cincinnati $1,186
6 Cleveland Heights $1,178
7 Dayton $1,154
8 Euclid $1,140
9 Akron $1,135
10 Hamilton $1,135
11 Springfield $1,094
12 Lakewood $1,063
13 Newark $1,063
14 Fairfield $1,063
15 Beavercreek $1,058
16 Canton $1,058
17 Cuyahoga Falls $1,027
18 Middletown $1,024
19 Mentor $1,018
20 Lorain $1,015
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Annual rates are estimated as specific location information can raise or lower premiums substantially.

Determining which company has the lowest-priced car insurance rates for teenagers involves a little more sweat than just comparing rates from one or two companies. Each company uses a little different formula for determining rates in each state, so let’s take a look at the overall cheapest car insurance companies in Ohio.

Find Cheaper Car Insurance for Teens

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Ohio auto insurance company rankings
Rank Company Cost Per Year
1 Utica National $635
2 Erie $661
3 Frankenmuth $687
4 Allied $697
5 USAA $711
6 Travelers $712
7 Cincinnati Insurance $772
8 Merchants Insurance Group $778
9 Grange Mutual $804
10 Motorists Mutual $824
11 General Casualty $829
12 Central Mutual $874
13 Hastings Mutual $884
14 State Farm $894
15 Atlantic States $913
16 Westfield $936
17 Western Reserve $970
18 Progressive $991
19 Nationwide $998
20 Auto-Owners $998
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Utica National normally has some of the lowest car insurance rates in Cincinnati at around $635 a year. Erie, Frankenmuth, Allied, and USAA also rank well as some of the more affordable Cincinnati, OH car insurance companies.

As shown in the rates above, if you currently have a policy with Allied and switched to Utica National, you may realize savings of roughly $62. Policyholders with USAA may save as much as $76 a year, and Travelers policyholders might reduce prices by as much as $77 a year.

These estimates are averaged for all drivers and vehicles in Ohio and do not take into consideration a specific location for teenagers. So the insurer that fits your situation best may not even be in the top 33 companies in the list above. That point stresses why you need to get quotes using your own specific driver information and vehicle.

Types of discounts on Cincinnati car insurance rates

Car insurance for teen drivers in Cincinnati, OHInsurance companies that sell policies for teenagers could also offer special discounts that may potentially lower prices by as much as 40% or more if you meet eligibility requirements. A few of the larger companies and a summarized list of policyholder discounts are:

The chart below visualizes the comparison of premium costs with and without discounts applied to the policy rates. The rates are based on a female driver, no claims or violations, Ohio state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, paid-in-full, vehicle safety, paperless filing, anti-theft, and continuous coverage discounts applied. With discounts applied, theamount saved on car insurance for teenagers is 28% or $432.

Rate difference between full and liability-only coverage

Saving on car insurance is important to the majority of drivers, and one of the quickest ways to buy cheap insurance for teenagers is to only pay for liability coverage. The information below shows the difference between insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

As an average, comp and collision coverage costs an additional $1,279 per year more than insuring for liability only. That amount may make you wonder if it’s a good idea to buy full coverage. There is no clear-cut rule of when to exclude physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $3,000 after the policy deductible has been paid. If premium cost is more than $300 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

Your cheap policy may actually be overpriced

Cincinnati, OH car insurance rates are determined by lots of factors that can increase the cost of coverage. Getting older, having a teenage driver, or getting a DUI may cause policy rate changes that can cause some rates to be cheaper than competitors.

Also, auto insurance companies amend premium rates as often as every three months to help ensure profitability. Larger than normal claims may cause higher rates, while long-term profits can produce cheaper Cincinnati car insurance rates.

The graph below demonstrates which company has the cheapest car insurance in Cincinnati, OH for a 30-year-old female driver with no violations or accidents, and excellent credit. If we look at prices based on her current situation, Utica National quotes the lowest car insurance rates in Cincinnati at $788 a year. This is $252 less than the average rate paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are the remaining best Cincinnati, OH auto insurance companies.

The chart below compares rates after we give the driver in the first example a claim or two, poor credit, and a speeding citation. Since every insurance provider has their own unique process for determining prices, comparing prices may now present a slightly different list of the cheapest companies as shown below.

Cincinnati Insurance now has the best auto insurance rate in Cincinnati, OH with Merchants Insurance Group, Motorists Mutual, Grange Mutual, and General Casualty now being in the top five. This illustrates why it is critical to compare many different companies to find cheap auto insurance quotes for teenagers.

Auto insurance prices consist of many risk factors and change substantially, so the best price when you last compared rates may now be costing you a lot of money.

If you aren’t sure which coverage you need and prefer to have the advice of a professional agent when buying car insurance for teenagers, the agencies below can help you determine which coverage meets your needs best.

To find an agent close to where you live, click the button following the list.

Deatria Walker – State Farm Insurance Agent
3252 N Bend RdCincinnati, OH 45239(513) 661-0400

Rick Wertz – State Farm Insurance Agent
7736 Beechmont AveCincinnati, OH 45255(513) 231-0100

Nancy Hughett – State Farm Insurance Agent
2306 W Galbraith RdCincinnati, OH 45239(513) 522-9343

Allstate Insurance: Marianne Geiger
4204 Plainville RdCincinnati, OH 45227(513) 808-4811

Kristen Jackson – State Farm Insurance Agent
8952 Winton RdCincinnati, OH 45231(513) 681-6400

View more Cincinnati, OH insurance agencies

How to find more affordable car insurance for teenagers

Below you’ll find many thrifty suggestions that can help you locate low-cost coverage.

The last idea is especially valuable, as was emphasized in this write-up. Insurance rates fluctuate constantly, so don’t be hesitant to switch to a new company if a more affordable price is available.

Staying with the same car insurance company is fine, but it isn’t a good idea if that inflexibility results in costing you a small fortune. It only take a few minutes to compare prices and find cheaper insurance for teenagers in Cincinnati.