You have seen the captivating commercials from companies like Allstate and State Farm that promise the cheapest rates, so you should just choose the one with the flashiest ad, right?
It’s just not that easy, however, as there are a ton of unknown factors like the likelihood of vehicle theft where you live, if you currently have coverage, what deductibles to use for physical damage coverage, and the amount of coverage you want. We will try to cover the best ways to pay less and will give you a good start in finding the cheapest car insurance in Ohio.
Finding out which companies quote the cheapest auto insurance rates for drivers with good credit may require a bit more effort than just picking a company at random. Each auto insurance company has a unique formula to set their prices, so to begin we’ll rank the overall cheapest auto insurance companies in Ohio.
It’s a good idea to know that Columbus auto insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. Simply improving your credit, having a claim, or getting a ticket for careless driving may generate price changes resulting in some rates now being more affordable than others.
Best Car Insurance Prices for High Credit
Utica National has some of the cheapest car insurance rates in Columbus at around $628 per year. Allied, Frankenmuth, Erie, and USAA are also some of the best Columbus, OH auto insurance companies.
As shown above, if you are insured with Frankenmuth and switched to Utica National, you may see savings of upwards of $52. Ohio drivers with Erie may save as much as $53 a year, and USAA insureds might reduce prices by as much as $83 a year.
If you would like to find cheaper car insurance rates, click here to start a quote or quote prices from the following companies.
Remember that these estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for drivers with good credit. So the company that fits your situation best may not even be in the list above. That point stresses why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
One of the many criteria that are looked at to help calculate the amount you pay for auto insurance is where you live. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The table below rates the highest-priced places in Ohio for drivers with good credit to purchase car insurance in. Columbus ranks #6 with an annual premium of $1,199 for the average insured, which is approximately $100 each month.
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Information shown are approximated as the specific geographic location can modify premium rates considerably.
The vehicle you are insuring is a significant factor when consumers are trying to find cheaper coverage for drivers with good credit. Vehicles with higher performance characteristics, a lack of advanced safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models. The next table showcases insurance costs for a number of the cheaper vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,471|
|Honda Accord LX 4-Dr Sedan||$1,481|
|Chevrolet Impala LS||$1,525|
|Ford Escape Limited 4WD||$1,564|
|Hyundai Elantra Blue 4-Dr Sedan||$1,610|
|Toyota Corolla LE||$1,641|
|Nissan Rogue S 2WD||$1,670|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,678|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,670|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,675|
|Ford Explorer XLT 4WD||$1,681|
|Ford Fusion S 4-Dr Sedan||$1,701|
|Chevrolet Malibu LS||$1,711|
|Volkswagen Jetta LE 4-Dr Sedan||$1,701|
|Toyota RAV4 Sport 2WD||$1,711|
|Dodge Grand Caravan Hero||$1,757|
|Ford Focus SEL 4-Dr Sedan||$1,763|
|GMC Sierra Denali Crew Cab 2WD||$1,781|
|Ford Edge Sport 2WD||$1,796|
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Information does not factor in specific location information which can lower or raise prices noticeably.
Based upon the table data, models like the Honda CR-V, Honda Accord, and Chevrolet Impala are the less-costly vehicles to insure for financially responsible drivers.
The chart below demonstrates how deductibles can raise or lower annual premium costs when trying to find cheap insurance for drivers with good credit. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
As shown above, a 50-year-old driver could lower their car insurance rates by $260 a year by changing from a $100 deductible up to a $500 deductible, or save $392 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could save $860 every year by choosing a higher deductible.
If you do make the decision to raise your deductibles, it is necessary to have enough savings set aside to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Irresponsible driving raises your rates
In a perfect world, the best way to get the best auto insurance prices in Columbus for financially responsible drivers is to drive attentively and avoid accidents and traffic violations. The illustration below demonstrates how citations and at-fault collisions can increase auto insurance rates for different age groups of insureds. Data assumes a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of an auto insurance policy in Ohio per year with no accidents or violations is $1,121. Get written up for one speeding ticket and the average cost surges to $1,284, an increase of $163 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for drivers with good credit jumps again to an average of $2,661. That’s an increase of $1,540, or $128 per month, just for not being more responsible behind the wheel!
Last year’s bargain might be this year’s rip off
Columbus auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay. Simply having another birthday, having a claim, or getting a driving violation can produce rate changes that can now make some companies cheaper than others. Not only may things change on your end, but car insurance companies change premium rates every year in order to offset underwriting gains or losses. An extended period of higher than normal claims can cause additional premium costs, while less frequent claims can cause lower-priced Columbus car insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Columbus, OH for a 30-year-old female driver with no prior accidents, a clean driving record, and solid credit. If we estimate rates based on her personal profile, Utica National may offer the most affordable car insurance rates in Columbus at $845 annually. This is $195 less than the average price paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers are the remaining cheapest Columbus, OH auto insurance companies.
Let’s now give the driver from the first example a chargeable claim, a little lower credit rating, and a couple of points charged on her driving record. Since each auto insurer has their own process to determining premium rates, getting updated rate quotes could now result in a substantially altered list of the cheapest car insurance companies in Columbus as shown below.
Merchants Insurance Group now has the lowest price on auto insurance in Columbus, OH with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty completing the list. This example proves why it is crucial to compare lots of rates when trying to find the most economical auto insurance rates for drivers with good credit.
Insurance rates are calculated by many risk factors and can decrease or increase without notice, so the cheapest rate three years ago may now be priced much higher than other options.
How to find low-cost insurance for drivers with good credit
It’s not impossible to find cheaper rates, and here are some of the better money-saving solutions that can help Columbus drivers buy lower-cost coverage.
- Violations like speeding or DUI increase rates
- Avoid filing excessive claims
- Buy your homeowners policy from the same company as your auto insurance
- Raise your physical damage coverage deductibles
- Being accident-free can lower rates significantly
- Improve your credit
- Keep rates low by comparing prices once a year
The final tip is extremely important, as we emphasized in the article above. Rates fluctuate considerably, so you should be ready to switch to a new company if you can find a cheaper rate.
Having brand loyalty is commendable, but is isn’t recommended if that dedication is costing a lot of money. Now is a great time to compare rates to find cheaper car insurance for drivers with good credit in Columbus.
The professional agents shown below can most likely help you decide which insurance coverage will be best for you, since many people would rather have a little guidance when trying to find lower insurance rates for drivers with good credit. It can be time-consuming to find the cheapest rate yourself, so insurance agents licensed in the state of Ohio can provide you satisfaction knowing you have enough protection.
To locate an agency by location nearest to you, click the link after the list.
- Central Ohio Insurance Services, Inc
1205 Hill Rd N – Pickerington, OH 43147 – (614) 861-3100
- Gary Snowden – State Farm Insurance Agent
1369 Georgesville Rd – Columbus, OH 43228 – (614) 272-2300
- Buddy White – State Farm Insurance Agent
1500 S Hamilton Rd – Columbus, OH 43227 – (614) 864-1050