How Much are Car Insurance Rates for Homeowners in Cincinnati?

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For people who own their homes, one of the big criteria that are looked at to determine the amount you pay for auto insurance is where your residence is. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with less crime or weather claims can boast about having cheaper rates.

The table below lists the most expensive places in Ohio for homeowners to buy auto insurance in. Cincinnati is ranked at #4 with a yearly cost of $1,210 for the average insured, which is approximately $101 monthly.

How much does car insurance cost in Cincinnati, OH?
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
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Premium costs are approximated as the specific zip code location can change premium rates considerably.

Shopping around for budget insurance is confusing at best, and deciding which insurers offer the cheapest auto insurance rates for homeowners will involve a little more work. Each company has a unique formula for determining prices, so we need to take a look at the most competitive auto insurance companies in Ohio.

Best Insurance Companies for Homeowners

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Who has the cheapest car insurance in Ohio?
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
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Utica National offers some of the best car insurance rates in Cincinnati at around $647 each year. This is $393 less than the average policy premium paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and USAA also make the cut as some of the best Cincinnati, OH insurance companies.

As illustrated above, if you are insured with USAA and switched to Frankenmuth, you could realize savings of roughly $53. Ohio drivers with Travelers may save as much as $53 a year, and Cincinnati Insurance insureds might lower prices by $92 a year.

Remember that these policy prices are averages for all insureds and vehicles and do not take into consideration a specific zip code for homeowners. So the insurer that fits you best may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.

The type of vehicle needing coverage is one of the largest considerations when comparing quotes for cheaper auto insurance for homeowners. Vehicles with limited top-end speed, a great safety record, or a track record of few liability claims will cost less to insure than high performance models.

The list below ranks car insurance prices for the most economical vehicles to insure in Ohio.

Cheapest Vehicles to Insure in Cincinnati, OH
Insured Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,218
Honda CR-V EX 4WD $1,246
Ford Escape Limited 2WD $1,253
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,469
Ford Explorer Eddie Bauer 4WD $1,471
Chevrolet Malibu LT $1,476
Honda Accord EX 4-Dr Sedan $1,494
Toyota Corolla LE $1,519
Toyota Prius $1,544
Ford F-150 XL Super Cab 4WD $1,567
GMC Sierra 3500HD SLT Extended Cab 2WD $1,574
Ford Edge SE AWD $1,624
Chevrolet Equinox LS 2WD $1,654
Toyota RAV4 Sport 4WD $1,664
Toyota Camry LE $1,654
Jeep Grand Cherokee Laredo 4WD $1,663
Volkswagen Jetta LE 4-Dr Sedan $1,654
Dodge Grand Caravan Crew $1,684
Toyota Tacoma 2WD $1,737
Honda Odyssey EX-L $1,740
GMC Sierra SLE Crew Cab 2WD $1,770
Hyundai Sonata GLS 4-Dr Sedan $1,775
Ford F-250 XLT Turbo Diesel 4WD $1,777
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can impact price quotes substantially.

Looking at the data, we can conclude that vehicles like the Hyundai Elantra, Honda CR-V, Ford Escape, Jeep Wrangler, and Ford Explorer will definitely be a few of the most affordable vehicles to insure for people who own their homes.

Best auto insurance in Cincinnati

Picking the right insurance provider is hard considering how many companies sell coverage in Cincinnati. The company information in the lists below may help you pick which insurers you want to consider when comparing insurance rates for homeowners. These rankings are only comprised of companies who write in the majority of U.S. states, so companies that only write business in Ohio or surrounding areas are not included in this list.

Top 10 Major Car Insurance Companies in Cincinnati Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top 10 Major Car Insurance Companies Overall in Cincinnati

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

The illustration below demonstrates how deductibles can increase or decrease insurance prices when getting quotes for cheap insurance for homeowners. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

As shown above, a 50-year-old driver could save $252 a year by switching from a $100 deductible to a $500 deductible, or save $380 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old example, could drop their prices $842 or more just by choosing higher deductibles. If you do raise deductibles, it will be required to have enough funds in savings to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.

How to find the cheapest insurance for homeowners

It is possible to find better rates, and here are some thrifty solutions that can help drivers get low-cost auto insurance.

That final tip is remarkably valuable, as was discussed in the prior article. Rates change frequently, so drivers shouldn't hesitate to buy from a new company if a cheaper price is available. Many drivers tend to have loyalty to a certain company, but is isn't recommended if that dedication is costing potentially thousands of dollars a year. It only takes a couple minutes to compare rates to find cheaper car insurance for homeowners in Cincinnati.

If you aren't sure which coverage to buy and prefer to have a professional recommendation when trying to find the best insurance rates for homeowners, the professional agents shown below are a good start to provide answers to your questions and help you determine which coverages and limits you need. To find a Cincinnati insurance agent by location nearest to you, click the button after the list.

Mark Redmond - State Farm Insurance Agent
7225 Colerain Ave Ste 202 - Cincinnati, OH 45239 - (513) 221-7836

State Farm: Randy Wagner
1167 8 Mile Rd - Cincinnati, OH 45255 - (513) 474-4100

Eric Geiger - State Farm Insurance Agent
6900 Miami Ave - Cincinnati, OH 45243 - (513) 574-0321

Htt Agency
5879 Cheviot Rd - Cincinnati, OH 45247 - (513) 741-2100

Kent Insurance Inc
7520 Montgomery Rd # 2 - Cincinnati, OH 45236 - (513) 791-6060

More insurance agents in Cincinnati, OH