The words “economical” and “auto insurance” probably shouldn’t be used together, especially when you are shopping around for the best car insurance rates for first-time drivers. Because it’s not cheap, let’s start off by going over a few of the factors that have a considerable impact on insurance prices, and come up with some ideas to shave a little off your next policy.
Buying low-cost insurance is confusing at best, and figuring out which companies have the best insurance rates for first-time drivers calls for even more perseverance. Every insurance provider uses their own calculation for setting rates, so first we will examine the most budget-friendly insurance companies in Cincinnati.
Keep in mind that Cincinnati insurance rates are determined by lots of factors that can increase the policy price. That is why Ohio drivers need to compare many different companies when trying to find the most affordable auto insurance rates for first-time drivers. Prices are impacted by many risk factors and change dramatically, so the cheapest option when you bought your policy may now be quite expensive.
Find the Best Cheap Insurance for Inexperienced Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Allied | $676 |
| 3 | Erie | $687 |
| 4 | Frankenmuth | $701 |
| 5 | Travelers | $705 |
| 6 | USAA | $711 |
| 7 | Merchants Insurance Group | $771 |
| 8 | Cincinnati Insurance | $779 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $836 |
| 11 | General Casualty | $837 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $858 |
| 14 | Hastings Mutual | $884 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $918 |
| 17 | Western Reserve | $961 |
| 18 | Progressive | $982 |
| 19 | Auto-Owners | $988 |
| 20 | Farmers | $995 |
| View More Rates Go | ||
Utica National generally has some of the lowest car insurance rates in Cincinnati at around $654 annually. Allied, Erie, Frankenmuth, and Travelers also qualify as some of the most economical Cincinnati, OH insurance companies.
In the above example, if you are a policyholder with Allied and switched to Utica National, you may see savings of upwards of $22. Customers with Erie might save as much as $33 a year, and Frankenmuth policyholders might reduce prices by as much as $47 a year.
These premiums are averages across all drivers and vehicles and and are not calculated with a specific zip code for first-time drivers. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That’s why you need to get rate quotes from many companies using your own driver and vehicle profiles.
The car, truck, or SUV that needs insurance is one of the largest factors when shopping around for the most affordable coverage for first-time drivers. Vehicles with lower acceleration and performance, a great safety record, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models. The information below shows car insurance premiums for a number of the most cost-effective automobiles to insure in Ohio.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $5,025 |
| Ford Escape XLS 2WD | $5,031 |
| Honda Accord EX-L 4-Dr Sedan | $5,380 |
| Toyota Prius | $5,428 |
| Ford Edge SE 2WD | $5,603 |
| Volkswagen Jetta 2.0T Station Wagon | $5,738 |
| Chevrolet Impala LS | $5,911 |
| Toyota Tacoma Double Cab 4WD | $5,959 |
| Toyota RAV4 Sport 2WD | $5,968 |
| Nissan Altima 2.5 4-Dr Sedan | $5,959 |
| Chevrolet Malibu LS | $5,968 |
| Ford F-150 Lariat Super Cab 2WD | $6,007 |
| Ford Explorer Eddie Bauer 4WD | $6,013 |
| Dodge Grand Caravan Crew | $6,007 |
| Ford Focus SES 4-Dr Sedan | $6,220 |
| Hyundai Elantra Blue 4-Dr Sedan | $6,225 |
| Honda Civic EX 4-Dr Sedan | $6,220 |
| Honda Odyssey EX-L W/Rear Entertainment | $6,269 |
| Toyota Camry SE | $6,274 |
| GMC Sierra SLE Crew Cab 4WD | $6,317 |
| Chevrolet Equinox LTZ 2WD | $6,324 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $6,317 |
| Toyota Corolla XRS | $6,323 |
| Compare Cheap Rates Go | |
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. Table data does not factor in specific garaging location which can lower or raise prices considerably.
Based upon the rates shown, cars like the Honda CR-V, Ford Escape, Honda Accord, and Toyota Prius are most likely going to be some of the most budget-friendly vehicles to insure for new drivers. Rates will tend to be more expensive anyway because of the fact that there is more liability exposure for first-time drivers, but in general those models will probably have the cheapest car insurance rates possible.
For new drivers, one of the more important things that determine the annual cost of car insurance is where your car is garaged. More densely populated places tend to have higher auto insurance costs, whereas areas with less crime or weather claims benefit from lower prices.
The illustration below ranks the most expensive areas in Ohio for first-time drivers to purchase a policy in. Cincinnati comes in at #4 with the yearly price of $1,222 for coverage, which is approximately $102 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Cleveland | $1,235 |
| 2 | Youngstown | $1,235 |
| 3 | Toledo | $1,229 |
| 4 | Cincinnati | $1,222 |
| 5 | Columbus | $1,211 |
| 6 | Cleveland Heights | $1,202 |
| 7 | Akron | $1,157 |
| 8 | Euclid | $1,140 |
| 9 | Dayton | $1,120 |
| 10 | Hamilton | $1,113 |
| 11 | Fairfield | $1,095 |
| 12 | Newark | $1,095 |
| 13 | Springfield | $1,094 |
| 14 | Canton | $1,091 |
| 15 | Beavercreek | $1,047 |
| 16 | Lakewood | $1,041 |
| 17 | Kettering | $1,040 |
| 18 | Parma | $1,037 |
| 19 | Middletown | $1,035 |
| 20 | Strongsville | $1,031 |
| Quote Best Rates Go | ||
Table data uses approximated as the vehicle garaging location can revise price quotes greatly.
The example below demonstrates how choosing different deductibles can affect insurance rates when researching cheap insurance for first-time drivers. The information is based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
A 50-year-old driver could lower their policy premium by $184 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $280 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could shave as much as $458 or more by selecting a higher deductible. When using a larger deductible, it is essential to have emergency funds available to enable you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Insurance rates are higher with tickets and accidents
The obvious way to get good insurance prices in Cincinnati for new drivers is to drive attentively and not get tickets or have accidents. The illustration below illustrates how speeding tickets and at-fault collisions increase insurance costs for different age groups. The rate quotes are based on a single female driver, full coverage, $500 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of auto insurance per year with no accidents or violations is $1,367. Receive two speeding tickets and the average cost hikes up to $1,825, an increase of $458 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of insurance for first-time drivers increases to an average of $3,633. That’s an increase of $2,267, or $189 per month, just for not driving responsibly!
The Cincinnati car insurance agencies listed below can help you decide which auto insurance policy fits you best, as some drivers aren’t sure which coverage they need and prefer to have a professional recommendation when comparing insurance rates for new drivers. It’s not always simple to find the best rates on your own, so a licensed agent can give peace of mind knowing your coverage gives you sufficient coverage for your assets.
To find an agent by location nearest to you, click the button at the bottom or click here to get price quotes now.
- Mike Albrinck – State Farm Insurance Agent
9018 Reading Rd – Cincinnati, OH 45215 – (513) 563-9099 - Zinser Insurance Agency LLC
5310 Glenway Ave # 1 – Cincinnati, OH 45238 – (513) 451-8898 - Letitia Fulkerson – State Farm Insurance Agent
882 Ohio Pike – Cincinnati, OH 45245 – (513) 752-2144 - CAI Insurance Agency, Inc.
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140
Find a Cincinnati, OH insurance agent near you
Ideas for buying the cheapest insurance for first-time drivers
The list below shows many thrifty solutions that can help drivers locate lower-cost auto insurance.
- Good credit can mean cheaper rates
- Pay for small claims rather than turning them in to your insurance company
- Avoid accidents and claims
- Speeding tickets and other violations increase rates
- Choose a safer vehicle and pay lower rates
- Keep rates low by shopping around frequently
The last item on the list is highly vital, as was stressed in this article. Rates change frequently, so don’t be afraid to switch carriers if a better rate can be found.
Being loyal to a particular company is commendable, but it isn’t a good idea if your bullheadedness ends up costing you a considerable chunk of change every month. Spend a few minutes and shop around to find cheaper auto insurance for first-time drivers in Cincinnati.