It’s hard to miss the ads from auto insurance companies like Liberty Mutual and Nationwide that say if you switch you’ll get big savings, so drivers should just pick the one with the catchiest commercial, right?
Regrettably, it’s not quite that easy, as there are many unknowns like the likelihood of vehicle theft where you live, your credit rating, what deductibles to use for physical damage coverage, and if you are married, that all have an effect on the price of a policy. This article should teach you a little about some of these things and will hopefully give you some help in finding cheaper rates.
Finding decent, reasonably-priced insurance is not easy, and deciding which company has the best insurance rates for teenage females takes even more rate comparisons.
Each insurer has a unique formula to set premium rates, so we need to take a look at the insurance companies that tend to have lower prices in Columbus, OH. We do need to point out that Ohio insurance rates are influenced by many factors that may substantially change the policy premium. Improving your financial situation, buying a safer car, or having a fender bender may cause policy rate changes resulting in some rates now being much cheaper than others.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $667 |
| 3 | Allied | $697 |
| 4 | Frankenmuth | $708 |
| 5 | USAA | $711 |
| 6 | Travelers | $712 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $804 |
| 11 | General Casualty | $829 |
| 12 | Hastings Mutual | $866 |
| 13 | State Farm | $867 |
| 14 | Central Mutual | $874 |
| 15 | Atlantic States | $904 |
| 16 | Westfield | $918 |
| 17 | Western Reserve | $961 |
| 18 | Auto-Owners | $968 |
| 19 | Progressive | $991 |
| 20 | Nationwide | $1,018 |
| Find Your Rate Go | ||
Utica National normally has some of the lowest car insurance rates in Columbus at around $647 annually. This is $393 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA would also be considered some of the lowest-priced Columbus, OH insurance companies.
As depicted above, if you currently have coverage with Erie and switched to Utica National, you may realize yearly savings of in the neighborhood of $20. Policyholders with Allied could save as much as $50 a year, and Frankenmuth policyholders might see rate reductions of $61 a year.
If you want to find out if you’re overpaying, click here to start a quote or visit any of the companies below.
Understand that those estimates are averages for all drivers and vehicles in Ohio and do not factor in an exact vehicle garaging location for teenage females. So the insurer that has the cheapest price for you may not even be in the top 33 companies in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
One of the more important factors that are looked at to determine the price you pay for insurance is where you keep your vehicle in Columbus. Regions with more people or even just more weather-related claims are more likely to have higher rates, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The following table shows the most costly cities in Ohio for teenage females to buy auto insurance in. Columbus shows up at #5 with an annual cost of $1,199 for car insurance, which is about $100 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Youngstown | $1,273 |
| 2 | Toledo | $1,241 |
| 3 | Cleveland | $1,235 |
| 4 | Cleveland Heights | $1,214 |
| 5 | Columbus | $1,199 |
| 6 | Cincinnati | $1,174 |
| 7 | Hamilton | $1,146 |
| 8 | Euclid | $1,129 |
| 9 | Akron | $1,123 |
| 10 | Dayton | $1,108 |
| 11 | Lakewood | $1,063 |
| 12 | Newark | $1,063 |
| 13 | Springfield | $1,061 |
| 14 | Canton | $1,058 |
| 15 | Fairfield | $1,053 |
| 16 | Beavercreek | $1,047 |
| 17 | Cuyahoga Falls | $1,027 |
| 18 | Middletown | $1,024 |
| 19 | Kettering | $1,020 |
| 20 | Strongsville | $1,001 |
| 21 | Parma | $997 |
| 22 | Mansfield | $992 |
| 23 | Lorain | $985 |
| 24 | Mentor | $978 |
| 25 | Elyria | $965 |
| Find the Best Rates Go | ||
Annual rates are approximated as specific Columbus garaging address can raise or lower coverage rates noticeably.
The chart below highlights how deductible choice can impact insurance costs when searching for cheap insurance for teenage females. The prices are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could cut expenses by $178 a year by switching from a $100 deductible up to a $500 deductible, or save $272 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old, have the ability to save up to $456 each year just by using higher deductibles.
If you make the decision to raise deductibles, it will be important to have spare funds to satisfy the extra out-of-pocket expense, which deters some people from using high deductibles.
Types of discounts on Columbus car insurance rates
Insurers that offer coverage for teenage females may also give you policy discounts that could reduce prices by 25% or more if you meet eligibility requirements. A list of companies and some of the discounts are outlined below.
- Farm Bureau offers discounts including multi-vehicle, youthful driver, renewal discount, safe driver, and multi-policy.
- MetLife offers discounts for defensive driver, good student, good driver, multi-policy, claim-free, and accident-free.
- Progressive policyholders can earn discounts including homeowner, online signing, multi-policy, good student, online quote discount, multi-vehicle, and continuous coverage.
- AAA discounts include good student, multi-car, AAA membership discount, anti-theft, pay-in-full, good driver, and multi-policy.
- American Family offers premium reductions for air bags, good student, good driver, mySafetyValet, accident-free, and TimeAway discount.
- GEICO includes discounts for driver training, military active duty, seat belt use, air bags, daytime running lights, anti-lock brakes, and anti-theft.
- State Farm may offer discounts for Drive Safe & Save, multiple policy, accident-free, good driver, student away at school, and defensive driving training.
The information below illustrates the comparison of insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no violations or claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, continuous coverage, paperless filing, anti-theft, passive restraint, and good student discounts applied. In this example, theaverage amount saved on insurance for teenage females is 28% or $322.
Difference between full coverage and liability only rates
Finding the cheapest insurance is probably important to most vehicle owners, and an effective way to save on the cost of insurance for teenage females is to buy only liability coverage. The chart below illustrates the difference between yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no claims or driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
As an overall average, full coverage costs an additional $1,455 per year more than carrying just liability coverage. That is a significant amount which raises the question if full coverage is worth the money. There is no exact formula for dropping physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
There are some scenarios where only buying liability is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.
If you aren’t sure which coverage you need and prefer to have some professional guidance when trying to find lower insurance rates for teen girls, the agencies below can probably help you decide which coverages and limits you need. To find a Columbus insurance agent near you, click the link after the list.
- Guy P Williams Insurance Agency
1335 Dublin Rd #110d – Columbus, OH 43215 – (614) 488-1101 - State Farm: Matt Simonds
2986 N High St – Columbus, OH 43202 – (614) 262-6700 - Bill Alsnauer – State Farm Insurance Agent
2500 W Dublin Granville Rd – Columbus, OH 43235 – (614) 764-2411 - American Family Insurance – Patricia Dews
114 Norton Rd – Columbus, OH 43228 – (614) 878-9720 - David Grant – State Farm Insurance Agent
4612 N High St – Columbus, OH 43214 – (614) 262-1055