The words “low-priced” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are looking for the cheapest coverage for 17 year olds. In an attempt to save some money, let’s introduce you to some things that have an effect on car insurance rates, and find a few ways to take the bite out of the next policy you buy.
The make and model of vehicle you are trying to insure is one of the primary factors when comparison shopping for economical car insurance for 17 year olds. Vehicles with average performance, a plethora of safety features, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models.
The next table presents auto insurance costs for some of the cheaper vehicles to insure in Ohio.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $4,284 |
| Ford Escape Limited 4WD | $4,552 |
| Toyota Prius | $4,593 |
| Honda Odyssey LX | $4,725 |
| Ford Explorer Eddie Bauer 2WD | $4,766 |
| Honda Civic DX 4-Dr Sedan | $4,992 |
| Chevrolet Impala LS | $4,997 |
| Chevrolet Equinox LT 2WD | $5,034 |
| Toyota Tacoma Double Cab 4WD | $5,041 |
| Toyota RAV4 Limited 2WD | $5,034 |
| Nissan Altima 2.5 4-Dr Sedan | $5,044 |
| Dodge Grand Caravan Crew | $5,075 |
| Chevrolet Silverado LS Regular Cab 2WD | $5,138 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $5,257 |
| Hyundai Elantra Blue 4-Dr Sedan | $5,260 |
| Toyota Camry XLE | $5,301 |
| Toyota Corolla LE | $5,311 |
| Ford Edge Sport 2WD | $5,301 |
| Ford F-150 Lariat King Ranch 2WD | $5,342 |
| Volkswagen Jetta SEL 4-Dr Sedan | $5,348 |
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Data assumes 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 costs do not factor in specific location information which can increase or decrease coverage rates considerably.
Looking at the rates, you can expect makes and models like the Honda CR-V, Ford Escape, Toyota Prius, and Honda Odyssey are most likely going to be the more affordable vehicles to insure for teen drivers. The price for an auto insurance policy will be higher anyway just because there is more inherent risk for 17 year olds, but generally speaking those particular models will probably have the lowest insurance prices that you are likely to find.
Buying low-priced auto insurance is not easy, and deciding which companies quote the cheapest car insurance rates for 17 year olds requires even more work.
Every insurance company has a different formula to determine premium rates, so let’s take a look at the most budget-friendly car insurance companies in Cincinnati, OH. It’s important to know that Ohio car insurance rates are determined by lots of factors that can increase your annual premium. Getting older, adding a teenager to your policy, or having a fender bender can produce rate changes resulting in some companies being higher-priced than the competition.
Best Insurance Companies for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Erie | $661 |
| 3 | Allied | $669 |
| 4 | Frankenmuth | $687 |
| 5 | Travelers | $712 |
| 6 | USAA | $719 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $771 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $858 |
| 14 | State Farm | $894 |
| 15 | Westfield | $918 |
| 16 | Atlantic States | $931 |
| 17 | Western Reserve | $932 |
| 18 | Progressive | $962 |
| 19 | Nationwide | $988 |
| 20 | Auto-Owners | $998 |
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Utica National normally has some of the most affordable car insurance rates in Cincinnati at around $628 per year. Erie, Allied, Frankenmuth, and Travelers also qualify as some of the lowest-priced Cincinnati, OH auto insurance companies.
In the above rates, if you are a policyholder with Travelers and switched to Erie, you might see a yearly savings of approximately $51. Insureds with USAA may save as much as $58 a year, and Cincinnati Insurance customers might realize rate reductions of up to $88 a year.
To see how much you can save, click here to get a free quote or visit several of the following companies.
Be aware that those premiums are averaged across all drivers and vehicles in Ohio and do not factor in a specific location for 17 year olds. So the car insurance company that fits your needs best may not even be in the top 33 companies shown above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
For teen drivers, one of the largest components that determine the price you pay for insurance is where you keep your vehicle. Regions with larger populations or more claims tend to have higher rates, whereas less populated areas have the luxury of cheap car insurance rates.
The next table rates the highest-priced places in Ohio for 17 year olds to buy auto insurance in. Cincinnati is ranked #5 with the yearly price of $1,186 for the average insurance policy, which is approximately $99 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Youngstown | $1,285 |
| 2 | Cleveland | $1,272 |
| 3 | Toledo | $1,267 |
| 4 | Columbus | $1,199 |
| 5 | Cincinnati | $1,186 |
| 6 | Euclid | $1,175 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Dayton | $1,142 |
| 9 | Akron | $1,123 |
| 10 | Hamilton | $1,102 |
| 11 | Springfield | $1,094 |
| 12 | Fairfield | $1,085 |
| 13 | Lakewood | $1,073 |
| 14 | Canton | $1,058 |
| 15 | Beavercreek | $1,058 |
| 16 | Middletown | $1,055 |
| 17 | Newark | $1,053 |
| 18 | Strongsville | $1,041 |
| 19 | Parma | $1,027 |
| 20 | Cuyahoga Falls | $1,027 |
| Compare Rates Now Go | ||
Table data uses estimated as zip code location can alter coverage rates considerably.
Buying coverage from the top insurance provider can be challenging considering how many companies sell coverage in Cincinnati. The ranking data listed below may help you analyze which auto insurers to look at when comparing insurance rates for 17 year olds. The ratings below include the largest companies in the United States, so companies without a large exposure will not be included in these rankings.
Top 10 Large Auto Insurance Companies in Cincinnati Ranked by Customer Service
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Erie Insurance
- Allstate
Top 10 Large Auto Insurance Companies in Cincinnati Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Impact of violations and accidents on rates
The common sense way to find low car insurance premiums in Ohio for teen drivers is to drive safe and avoid at-fault accidents and violations. The example below highlights how traffic violations and at-fault fender-benders influence car insurance rates for different categories of driver ages. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the chart above, the average cost of auto insurance in Ohio per year with no violations or accidents is $1,102. Get written up for one speeding ticket and the average cost swells to $1,268, an increase of $167 each year. Then add in one accident along with the one speeding ticket and the yearly cost of car insurance for 17 year olds jumps again to an average of $1,729. That’s an increase of $627, or $52 per month, just for a couple of infractions!
Last year’s bargain might be this year’s rip off
Cincinnati, OH car insurance rates are based on many factors that can increase the price you pay for coverage. Simply having another birthday, increasing liability limits, or getting a few speeding tickets may cause policy rate changes resulting in some rates now being cheaper than competitors. Also, companies change rates as often as every three months as an adjustment for underwriting gains or losses. Heavy losses can cause rate hikes, while a profitable period may result in lower-priced Cincinnati car insurance rates.
To illustrate this example, the bar chart below shows which companies have the cheapest car insurance in Cincinnati, OH for a 35-year-old male driver with a good driving record, no prior claims, and excellent credit. When comparing rates based on his personal profile, Utica National offers the most affordable car insurance rates in Cincinnati at $764 annually. This is $276 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and USAA also make the list of the cheapest Cincinnati, OH auto insurance companies.
Now we will pretend the driver from the first rate comparison an accident claim, a lower credit score, and a few blemishes on his driving record. Since each company uses their own method for determining rates, comparing quotes will most likely result in a different set of cheap Cincinnati auto insurance companies as shown below.
Cincinnati Insurance now has the cheapest car insurance in Cincinnati, OH with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty now rounding out the top five. This shows why consumers need to perform an extensive rate comparison to find the lowest insurance rates for 17 year olds.
Prices can be altered by many different factors and can increase or decrease at any time, so the best option the last time you shopped around may now be quite expensive.
How to find more affordable car insurance for 17 year olds
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help Ohio drivers get more affordable coverage.
- Increase the comprehensive and collision deductibles on your policy
- Safer vehicles generally have cheaper insurance rates
- Staying accident-free helps keep rates low
- Violations like speeding or DUI increase rates
- Increase your credit rating
- Shop your coverage around for the best deal
The final tip is extraordinarily vital, as we pointed out in this write-up. Coverage rates in Cincinnati fluctuate constantly, so drivers shouldn’t hesitate to buy from a new company if a cheaper price is available.
Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if it’s costing you hundreds of dollars year after year. If you have a few minutes, compare prices and find cheaper auto insurance for 17 year olds.
The insurance agencies listed below can help you make a decision which policy fits your needs best, as many consumers aren’t sure which coverage to buy and prefer to have a little guidance when comparing insurance rates for 17 year olds. It can be challenging to find the best coverage yourself, and a professional agent can add peace of mind knowing you have enough coverage when you need it.
To locate an agency nearest to you, click the button at the bottom of the list or click here to compare rates now.
- 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 - Young Robert
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140