Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Ohio: Best Companies & Quotes
Personal Finance Expert
Tyron Jones is a finance expert who has operated within the auto insurance business for more than 10 years. He has written many other finance related articles for a number of prominent publications.
Best Car Insurance Companies in Ohio
- State Farm
- Grange Mutual
|Westfield||Geico||Erie||State Farm||Grange Mutual||Nationwide|
|AM Best Financial Strength Rating||A||A++||A+||A++||A||A+|
|JD Power 2019 Overall Customer Satisfaction score||5/5||3/5||5/5||5/5||Not Rated||2/5|
|Avg Annual Premium||$361||$419||$463||$481||$503||$792|
|Consumer Reports Reader Score||N/A||78||86||78||N/A||N/A|
Auto Insurance Statistics in Ohio
Auto insurance rates in Ohio have been much lower than the national average for quite some time. Drivers in the state can benefit from learning how auto insurance rates in Ohio compare to other states when it comes to taking out car insurance policies.
Top 10 Cheapest Car Insurance Companies in Ohio
|Rank||Company Name||Avg. Annual Premium|
|1||Merchants Insurance Group||$849|
Drunk Driving Fatalities
Drinking and driving in Ohio has remained at a level that is comparable with the national average. Whether you live in Cleveland, Columbus, or any other city in the state, it is imperative to refrain from this dangerous practice. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Ohio vs. nationwide.
Drunk driving fatalities in Ohio from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in Ohio is at a lower rate than other areas of the country. This data shows that fewer teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics compare the percentage of Ohio drivers that are teenagers who are drinking and driving related to national averages.
Teen Drinking & Driving in Ohio vs. Nationwide (2017)
SR-22 Insurance in Ohio
In Ohio, SR-22 insurance policies are a requirement if you commit an infraction or breach certain driving conditions. State officials use these policies to help protect against the costs associated with high-risk drivers. While SR-22 policies are simply the minimum state insurance requirements in Ohio, this type of policy also requires the insurance provider to provide proof to the DMV that the coverage exists.
If you cancel your policy, the Ohio DMV will be notified by your insurance provider. This ensures that drivers have coverage and can't cancel it after initially proving they have a policy under their name. Because of the additional requirements, SR-22 insurance can be quite expensive — make sure to ask for quotes from multiple insurance providers before you make a decision.
Car Theft in Ohio
Car theft in Ohio is actually much less than in other states nationwide. By learning about the rate of car theft in Ohio, drivers will have a more comprehensive understanding of the level of risk they take while driving and owning a car in the state.
Vehicle thefts by rank nationwide vs. Ohio
Uninsured Motorists in Ohio
Without auto insurance, drivers who get into accidents will have to pay out of pocket for accident-related expenses. In the event that you get into a car accident with an uninsured driver, it is helpful to have uninsured and underinsured motorist coverage. This will provide the protection you need when it comes to paying for things like property damage and medical bills. The below data shows how well Ohio ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
- $25,000 for every individual due to injury or death
- $50,000 for every accident that involves injuries or deaths
- $25,000 to cover property damage
Remember, a serious accident could cause damages that will easily exceed these amounts. Consider increasing your coverages to avoid having to get into your pockets to pay post-crash bills. You may also consider the common optional coverages like comprehensive, collision, or uninsured motorist protection.
Cheap car insurance does not come easily in Ohio. From our study, the rates of car insurance in Ohio can go as high as $417 or as little as $35 per month for sample drivers who have a liability policy that is slightly above the state minimum. We also found out that the most expensive insurance companies cost about 3.3 times the cheapest car insurer in Ohio. With this realization, it is important that drivers do comparison shopping and obtain quotes from cheap auto insurance companies before deciding which one to settle with. Remember, prices vary radically depending on the insurer, or personal factors like driving profile, credit history, age, the liability limits chosen, and the kind of car. Regardless if you live in Columbus, Cleveland, or any of the nearby cities, these factors must be considered.
To help you navigate the car insurance market in Ohio more efficiently, we have outlined rates from three largest auto insurers in the Buckeye State. Let's discuss the cheapest insurance options for the below distinct driver types.
- Young drivers
- Good drivers
- Drivers with only one at-fault accident
- Retired drivers
- Drivers with poor credit
Cheap Insurance for Young Drivers
Drivers who are in their early 20s pay an average of $241 to $1,036 per year for car insurance. These are drivers who are starting out and don't require as much coverage as the older drivers who have accumulated a significant amount of savings or assets or have families to protect. As such, young motorists can find quite some cheap auto insurance in Ohio. From our study, an Erie insurance quote had the lowest rates at $241 a year.
Cheap Car Insurance for Good Drivers
Motorists without DUIs or moving violations and at-fault accidents pay an average of $701 to $2,891 per year for auto insurance. The average price as charged by the three cheapest insurers for drivers in this category was $841 a year, with Erie and Grange notching almost similar estimates—only around $6 per month difference between them.
Cheap Auto Insurance for Motorists with One At-fault Accident
Drivers in this category pay an average of $1,001 to 3,475 per year for car insurance. From our analysis, motorists who caused a crash saw their rates go up by about $300 per year compared to drivers with clean driving records. The highest estimate according to our survey was about $3,500 a year, which proves that motorists with at-fault claims should shop around and compare as many quotes as possible.
Cheap Car Insurance for retired drivers
These are drivers who are in mid-to-late 60s and drives fewer miles compared to other drivers. Their average car insurance prices are $701 to 2,891 per year. Of the three cheapest insurers for this category of drivers, Grange provided a similar quote like the one for a 30-year-old clean driver. Both State Farm and Erie also offered lower average costs. Retired motorists should also take advantage of the discounts given to them. Many insurers offer savings for attaining a certain age [usually 55].
Cheap Auto Insurance for Motorists with Poor Credit
These are drivers who are put in the lowest credit rank as per the industry standards. They pay an average of $857 to 2,401 per year for car insurance. Many insurers consider the credit-based insurance scores of a policyholder as a useful indicator of their future claims, and those with poor credit usually get charged more. In our survey, Grange provided the lowest rates at $857 a year. This was $150 more than their sample quote for motorists of the same age but no credit problems.
So, what next for those drivers who can't get auto insurance in Ohio's voluntary market due to poor driving history or other related factors? These drivers can obtain coverage through the country's high-risk insurance network. Click here to learn about the eligibility requirements.
Types of Auto Insurance Coverage in Ohio:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Cheap Auto Insurance Discounts
At CheapAutoInsurance.co, we want to help you save even more on your car insurance in the state of Ohio. We have compiled a list of the best auto insurance discounts in the state. Browse the list below to find some of the auto insurance discounts listed that can help you to save on the cost of car insurance in Ohio each year.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
It’s mandatory to have auto insurance in Ohio, which is why it is so important to understand what goes into being properly covered. The right coverage doesn’t just protect you from the costs of an accident, but it also protects your loved ones and anyone else who may be in the vehicle with you at the time.
In order to know about some of the most important aspects of auto coverage in Ohio, we’ve answered the following questions to give you information the costs of insurance and what is required to receive it.
Acquiring Insurance in Ohio
We understand you need to get cheap insurance quotes in Ohio as quickly as possible. Not only do you need insurance, but you also must be fully aware of the different coverage types that come with various insurance providers and the varying costs determined by a long list of factors. Look at the questions we’ve answered about acquiring insurance.
Who has the best car insurance rates in Ohio?
What is full coverage auto insurance in Ohio?
What is Ohio state minimum car insurance?
How long do I have to change insurance for new car Ohio?
How much car insurance should you carry Ohio?
How to get high risk car insurance in Ohio?
What bank in Ohio carries gap car insurance?
Do student drivers need insurance when driving a car in Ohio?
How to get lower car insurance in Ohio?
Why do I need collision auto insurance in Ohio?
How old do you have to be to buy car insurance in Ohio?
Which car insurance companies in Ohio don’t use credit scores?
How long does an auto insurance claim stay on my record in Ohio?
Ohio How long after buying car do you have to get insurance?
What does consumer disclosure car insurance termination mean in Ohio?
How does auto insurance change from place to place in Ohio?
When I have a loan on a car, what type of insurance do I need in Ohio?
What is bodily injury coverage auto insurance in Ohio?
How can you legally take insurance off of your car Ohio?
Do you have to show proof of insurance when you tag a car in Ohio?
How long does insurance company have to fix my car Ohio?
How much insurance do I need in Ohio when financing a car?
Who has to be listed on your auto insurance policy in the state of Ohio?
Can I insure my antique collector car?
How to buy motorcycle insurance in Ohio?
The Cost of Ohio Insurance
Ohio insurance is one of the least expensive insurance types in the United States, but it can still be costly if you’re not careful. There are several different things that determine the cost of insurance in Ohio. Check out the answers we’ve provided on the cost of auto insurance.
How much is car insurance in Ohio?
How much should my car insurance be Ohio?
If a car is totaled what does insurance pay in Ohio?
Who has the cheapest auto insurance in Ohio?
How much is car insurance in Ohio per month?
Who has the lowest car insurance rates in Ohio?
What to do when medical bills exceed bodily injury on car insurance in Ohio?
How much is car insurance for teens in Ohio?
Why Ohio car insurance is cheap?
When can an insurance company total a car in Ohio?
How much is car insurance in Ohio vs Louisiana?
How much is auto insurance for a 22-year-old with a DUI in Ohio vs other states?
How much is for comprehensive car insurance for Progressive Columbus Ohio?
How long do I have to file an insurance claim after a car accident in Ohio?
How much is car insurance per month 23-year-old Ohio?
How much do you save on car insurance with defensive driving in Ohio?
What helps lower car insurance in Ohio?
What is the average USAA car insurance rate in Ohio?
Ohio Insurance Penalties
Having auto insurance in Ohio is a huge responsibility, but it comes with its fair share of risks as well if you do not properly cover yourself. Not only will you be faced with major fines if you’re caught without insurance, but things can be much worse if you are in an accident. Check out the answers we’ve provided on the penalties that come in regards to auto insurance.