Who Has the Cheapest Cincinnati Auto Insurance Rates for Retired Military?

The words “low-cost” and “insurance” probably shouldn’t be used together, specifically when you are looking for the cheapest car insurance for retired military. Because it’s so expensive, let’s open your eyes to a few of the factors that have an impact on insurance prices, and find a way to lower the cost of the next policy you buy.

The car, truck, or SUV driven is one of the biggest factors that determines whether or not you find cheaper auto insurance for retired military. Vehicles with economical engines, good crash test ratings, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.

The information below presents insurance rates for the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in Cincinnati, OH
Vehicle Estimated Cost for Full Coverage
Toyota Tacoma 4WD $1,312
Ford Explorer XLT 2WD $1,321
Honda CR-V EX 2WD $1,341
Toyota RAV4 2WD $1,386
Dodge Grand Caravan SXT $1,413
Honda Accord LX-P 4-Dr Sedan $1,440
Ford Escape XLS 4WD $1,446
Ford Edge Limited AWD $1,457
Chevrolet Equinox LTZ 2WD $1,484
Toyota Prius $1,494
Honda Odyssey Touring $1,484
GMC Sierra SLE Crew Cab 2WD $1,489
Nissan Altima Hybrid 4-Dr Sedan $1,484
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Table data does not factor in vehicle garaging location which can revise premium rates considerably.

Based upon the rates shown, we can infer that makes and models like the Toyota Tacoma, Ford Explorer, Honda CR-V, and Toyota RAV4 will be some of the less-costly vehicles to insure for veterans.

For veterans, one of the largest components that are used to help calculate insurance cost is where you keep your car. Areas with high crime rates or more dense population will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.

The illustration below shows the most expensive cities in Ohio for retired military in which to purchase auto insurance. Cincinnati comes in at #5 having an annual price of $1,174 for the average policyholder, which is about $98 each month.

How much is car insurance in Cincinnati?
Rank City Average Per Year
1 Youngstown $1,285
2 Cleveland $1,259
3 Columbus $1,247
4 Toledo $1,241
5 Cincinnati $1,174
6 Cleveland Heights $1,166
7 Akron $1,157
8 Euclid $1,140
9 Hamilton $1,135
10 Dayton $1,120
11 Canton $1,102
12 Springfield $1,072
13 Fairfield $1,063
14 Newark $1,063
15 Lakewood $1,041
16 Kettering $1,040
17 Cuyahoga Falls $1,037
18 Middletown $1,035
19 Strongsville $1,031
20 Mentor $1,018
21 Beavercreek $1,016
22 Elyria $1,005
23 Parma $997
24 Mansfield $992
25 Lorain $985
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Information shown are approximated as the specific garaging location can decrease or increase rates considerably.

Buying affordable auto insurance is hard enough, and determining which company quotes the most affordable insurance rates for retired military may require even more rate comparisons.

Each auto insurance company uses a different method for setting rates, so let’s take a look at the insurance companies with the most affordable rates in Ohio.

Best Insurance Companies for Vets

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Who has the cheapest car insurance in Ohio?
Rank Company Cost Per Year
1 Utica National $635
2 Erie $667
3 Allied $690
4 Travelers $705
5 Frankenmuth $708
6 USAA $719
7 Merchants Insurance Group $755
8 Cincinnati Insurance $772
9 Motorists Mutual $824
10 Grange Mutual $828
11 General Casualty $837
12 Central Mutual $840
13 Hastings Mutual $858
14 State Farm $867
15 Westfield $918
16 Atlantic States $940
17 Western Reserve $941
18 Progressive $953
19 Nationwide $988
20 Auto-Owners $988
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Utica National normally has some of the best car insurance rates in Cincinnati at around $635 per year. Erie, Allied, Travelers, and Frankenmuth also are some of the more affordable Cincinnati, OH insurance companies.

As illustrated above, if you are a customer of Erie and switched to Utica National, you could see annual savings of roughly $32. Drivers with Allied might save as much as $55 a year, and Travelers policyholders might reduce rates by $70 a year.

To discover how much you can save, click here to start a quote or click through to the companies below.

Understand that those estimates are averaged across all drivers and vehicles and are not factoring in an exact vehicle garaging location for retired military. So the company that fits you best may not even be in the top 33 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

Choosing a highly-rated auto insurance provider is difficult considering how many companies there are to choose from in Cincinnati. The company ratings in the next section could help you choose which auto insurance companies to look at shopping prices with.

The ratings below are only comprised of companies that insure vehicles nationwide, so companies that only write business in Ohio or surrounding areas are not included in the list. If you would like to check rates from these top-rated insurers and more, follow this link.

Top 10 Major Car Insurance Companies in Cincinnati Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

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 example below demonstrates how deductibles can affect annual premium costs when getting quotes for cheap insurance for retired military. The costs are based on a single female driver, full coverage, and no additional discounts are factored in.

As shown above, a 50-year-old driver could reduce rates by $250 a year by switching from a $100 deductible to a $500 deductible, or save $378 by selecting a $1,000 deductible. Even younger insureds, like the age 20 example, could potentially save $640 or even more by choosing larger deductibles on their policy. If you do decide to increase your deductibles, it will be necessary to have plenty of money set aside to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Shop around and save

Cincinnati, OH insurance rates are impacted by many things that will increase or decrease the price you pay. Simply having another birthday, adding a teenager to your policy, or getting a couple of tickets may generate price changes that can make some companies cheaper than competitors.

Not only that, but companies file new rates as often as every three months to adjust for gains or losses. An unexpected high level of claims can cause more expensive premiums, while profitable underwriting can result in more affordable Cincinnati car insurance rates.

To help illustrate this point, the graph below shows the company with the cheapest car insurance in Cincinnati, OH for a 30-year-old female driver with no prior accidents, a clean driving record, and a good credit history. If we look at prices based on her current rating profile, Utica National has the cheapest car insurance rates in Cincinnati at $772 a year. This is $268 less than the average rate paid by Ohio drivers of $1,040. Allied, Frankenmuth, Erie, and USAA are the remainder of the most affordable Cincinnati, OH auto insurance companies.

In this next rate comparison, we will give the driver from the first example a chargeable accident, a little lower credit rating, and a blemish on her driving record. Since every car insurance company has their own unique process for determining rates in each state, analyzing rate quotes may now result in a new list of the cheapest Cincinnati car insurance companies as shown below.

Merchants Insurance Group now has the best auto insurance rate in Cincinnati with Cincinnati Insurance, Grange Mutual, Motorists Mutual, and General Casualty also having competitive pricing. This example illustrates why consumers need to take the time to spend some time comparing rates when trying to get the lowest car insurance rates for retired military. Insurance prices are influenced by many factors and change frequently, so the most affordable company when you last compared rates may now be one of the higher cost companies.