One of the many criteria that are used to help calculate the cost of insurance is where you choose to live. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.
The information below ranks the highest-priced places in Ohio for high school students to purchase auto insurance in. Columbus makes the list at #5 with a yearly premium of $1,211 for car insurance, which is about $101 each month.
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Premium amounts are comparative as vehicle location can impact price quotes noticeably.
Buying cheap auto insurance is challenging, and finding out which company quotes the cheapest car insurance rates for high school students takes additional perseverance.
Each insurer has a different process to determine rates, so we’ll go over the car insurance companies with the overall best prices in Ohio.
Find the Cheapest Auto Insurance for Students
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$778|
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Utica National normally has some of the cheapest car insurance rates in Columbus at around $654 annually. Allied, Frankenmuth, Erie, and Travelers are also some of the cheapest Columbus, OH car insurance companies.
In the above rates, if you buy coverage from Frankenmuth and switched to Utica National, you might see an annual savings of approximately $26. Policyholders with Erie could save as much as $33 a year, and Travelers policyholders might cut rates by $72 a year.
Understand that those premiums are averaged across all types of drivers and the different vehicles they drive and and are not figured with an exact location for high school students. So the insurer that is best suited for you may not even be in the top 33 companies shown above. That emphasizes why you need to get car insurance quotes using your own driver and vehicle profiles.
The type of vehicle driven is one of the largest factors when shopping for the most economical auto insurance for high school students. Vehicles with high performance engines, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than more economical and safe models.
The data below illustrates insurance premiums for a selection of the most affordable automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$4,428|
|Honda CR-V LX 2WD||$4,436|
|Ford Explorer XLT AWD||$4,970|
|Ford F-150 XL Crew Cab 4WD||$5,012|
|Honda Odyssey EX||$5,206|
|Toyota Tacoma 2WD||$5,216|
|Ford Edge SEL 2WD||$5,206|
|Jeep Grand Cherokee Laredo 4WD||$5,248|
|Toyota Camry LE||$5,258|
|Toyota RAV4 Limited 2WD||$5,248|
|Dodge Grand Caravan SXT||$5,291|
|Chevrolet Malibu LT||$5,297|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$5,484|
|Ford Focus SES 4-Dr Sedan||$5,487|
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Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific zip code location which can change premium rates greatly.
Based upon the table data, we can infer that models like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer are most likely to be the most affordable vehicles to insure for teenagers. Auto insurance rates will be more expensive because of the fact that there is more claim exposure for high school students, but generally speaking those specific models will most likely have the lowest insurance prices compared to other types of vehicles.
The illustration below shows how choosing a deductible can increase or decrease insurance rates when trying to find cheap insurance for high school students. The prices are based on a single female driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could save $214 a year by increasing from a $100 deductible to a $500 deductible, or save $324 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could possibly save as much as $548 each year just by choosing larger deductibles. If you do make the decision to raise your deductibles, it will now be necessary to have emergency funds available to allow you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Discount Columbus insurance
Insurance providers that offer coverage for high school students may also provide discounts that may potentially lower prices by 30% or more if you qualify for them. A list of companies and some of their more popular discounts are:
- 21st Century offers discounts for theft prevention, anti-lock brakes, homeowners, air bags, automatic seat belts, driver training, and early bird.
- State Farm may have discounts that include accident-free, defensive driving training, safe vehicle, anti-theft, multiple policy, driver’s education, and Drive Safe & Save.
- AAA policyholders can earn discounts including multi-policy, education and occupation, multi-car, pay-in-full, good driver, and good student.
- Liberty Mutual includes discounts for new vehicle discount, preferred payment discount, exclusive group savings, new move discount, and hybrid vehicle.
- Progressive offers premium reductions for multi-policy, good student, online quote discount, multi-vehicle, online signing, and homeowner.
The information below illustrates the comparison of car insurance rates with and without policy discounts. The premiums assume a female driver, no claims or driving citations, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with anti-theft, paperless filing, continuous coverage, paid-in-full, vehicle safety, and good student discounts applied. When these discounts are applied, the average amount saved each year on car insurance for high school students is 28% or $577.
Finding the top insurance provider can be difficult considering how many choices you have in Columbus. The company ratings shown below could help you analyze which providers to look at when shopping insurance around for high school students.
The ratings below are for large insurance companies, so companies that have a smaller presence are not factored into these rankings. If you’d like to compare prices and find the cheapest rates for high school students, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies