The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when you are searching for the cheapest car insurance for high school students. Because it’s so expensive, let’s lead off by showing you some of the factors that influence car insurance rates, and see if you can shave a little off your next policy.
For teenagers, one of the big components that determine car insurance rates is where you live. More populated areas tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The illustration below ranks the most costly cities in Ohio for high school students to purchase car insurance in. Cincinnati shows up at #6 with an annual rate of $1,186 on average, which is about $99 per month.
|Rank||City||Average Per Year|
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Premium amounts are comparative as vehicle location can change rates significantly.
The vehicle model on the policy is one of the biggest factors in finding the most affordable car insurance for high school students. Vehicles with average performance, modern passenger safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The data below features insurance premiums for some of the most economical automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$3,885|
|Honda Accord LX-P 4-Dr Sedan||$3,890|
|Honda CR-V EX 2WD||$3,885|
|Volkswagen Jetta S 2.5 Station Wagon||$4,189|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$4,308|
|Ford F-150 STX Super Cab 2WD||$4,318|
|Ford Edge SE AWD||$4,570|
|Honda Odyssey EX W/Rear Entertainment||$4,577|
|Toyota Tacoma 2WD||$4,570|
|Ford Focus SE 4-Dr Sedan||$4,575|
|Toyota RAV4 Limited 2WD||$4,612|
|Jeep Grand Cherokee Laredo 4WD||$4,619|
|Dodge Grand Caravan Hero||$4,612|
|Chevrolet Malibu Hybrid||$4,621|
|Chevrolet Equinox LS AWD||$4,612|
|Ford Explorer Limited AWD||$4,657|
|Chevrolet Impala LTZ||$4,875|
|Hyundai Elantra GLS 4-Dr Sedan||$4,884|
|GMC Sierra SLE Extended Cab 4WD||$4,919|
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Data based on 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. Rates do not factor in the specific area where the vehicle is garaged which can impact rates substantially.
Looking at the rates, you can see that makes and models like the Ford Escape, Honda Accord, Honda CR-V, Volkswagen Jetta, and Toyota Prius should be some of the more affordable vehicles to insure for teenagers. The cost of a car insurance policy will be more costly because there is more risk for high school students, but generally speaking those particular vehicles will have the least expensive rates that you’ll find.
Determining which company quotes the cheapest insurance rates for high school students will involve a bit more effort in order to find the lowest price quote.
Every car insurance company uses their own method to set policy rates, so let’s look at the rankings for the insurance companies with the overall best prices in Cincinnati, OH. It’s important that you understand Ohio insurance rates are determined by lots of factors that control the cost of having a policy. Simply turning a year older, having a claim, or getting a driving violation may generate price changes that can cause some rates to be much cheaper than others.
Best Car Insurance Prices for Students
|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$778|
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Utica National may have some of the lowest car insurance rates in Cincinnati at around $654 each year. This is $386 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and USAA would also make the list of some of the best Cincinnati, OH auto insurance companies.
As the example above demonstrates, if you are a customer of Frankenmuth and switched to Utica National, you might see an annual premium reduction of upwards of $33. Drivers with Allied might save as much as $43 a year, and USAA customers might reduce prices by as much as $57 a year.
To find out how your current rates compare, click here to get a free quote or quote rates from the companies below.
It’s important to note that these prices are averaged across all drivers and vehicles in Ohio and and are not figured with a specific zip code for high school students. So the car insurance company that can offer you the lowest price may not even be in the top 33 companies shown above. That’s why you need to compare rates from multiple companies using your own individual information.
The example below illustrates how choosing a deductible can change premium costs when searching for cheap insurance for high school students. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could save $186 a year by increasing from a $100 deductible to a $500 deductible, or save $282 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, could possibly save as much as $612 each year just by using higher deductibles. When raising deductibles, it will now be necessary to have enough spare savings to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Comparison of full coverage and liability-only policies
Lowering the price of insurance is the goal of most drivers, and a great way to buy cheaper insurance for high school students is to not buy full coverage. The information below shows the comparison of auto insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no violations or claims, $250 deductibles, single status, and no additional discounts are factored in.
Averaged for all age groups, full coverage costs $1,629 per year over and above liability coverage. At some point, about every driver wonders if buying full coverage is a waste of money. There isn’t a steadfast formula that works best for making the decision to drop full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are currently paying more than $700 annually for full coverage, then it might be time to buy liability only.
Ideas for finding economical car insurance for high school students
Here are a few penny-pinching solutions that can help you quote cheap coverage.
- Pay cheaper rates with good credit scores
- Get cheaper liability coverage by choosing a safer vehicle
- Save money by bundling your home and auto policies
- Having at-fault accidents will increase rates
- Don’t waste money on full coverage for older vehicles
- Shop around for cheaper prices often
The last suggestion is certainly significant, as was stressed in this article. Rates in Cincinnati change frequently, so drivers shouldn’t be reluctant to buy from a different company if you can find a cheaper rate. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that dedication is costing big bucks every year. Spend a few minutes and compare rates to find cheaper car insurance for high school students.
If you aren’t sure which coverage you need and prefer to have some professional guidance when trying to find lower insurance rates for high school students, the agencies below are willing to help you determine which coverages are best.
To locate an agency nearest to you, click the button below the list.
Ohio Insurance Center
7404 Hamilton Ave – Cincinnati, OH 45231 – (513) 522-6300
Kinker-Eveleigh Insurance Agency
7750 Montgomery Rd – Cincinnati, OH 45236 – (513) 891-6615
Nancy Hughett – State Farm Insurance Agent
2306 W Galbraith Rd – Cincinnati, OH 45239 – (513) 522-9343
American Family Insurance – Michael Pippin
6097 Montgomery Rd – Cincinnati, OH 45213 – (513) 531-4800
Brodbeck Porter Ins Agency
1080 Nimitzview Dr #301 – Cincinnati, OH 45230 – (513) 624-0900