Who Has Cheap Car Insurance Quotes for Drivers Requiring a SR22 in Columbus?

You have probably watched the catchy commercials from companies like Liberty Mutual, Farmers, and GEICO guaranteeing the cheapest rates, so drivers just need to pick the company with the best ad, right?

It’s not that simple, unfortunately, as there are many unknowns like the annual mileage you drive, the crime level of your neighborhood, and how safe your vehicle is, that all influence how much you pay for auto insurance. If you keep reading, we will teach you about these factors and others that can influence the price of auto insurance and will give you a good start in finding the cheapest car insurance in Ohio.

Deciphering which insurers offer the cheapest car insurance rates for drivers requiring a SR22 involves a bit more effort in order to find the best price.

Every auto insurer has a unique formula to set policy rates, so we need to take a look at the car insurance companies that tend to be cheaper in Columbus. It’s important that readers know that Columbus, OH car insurance rates are determined by lots of factors which can substantially decrease or increase the policy premium. Simply improving your credit, increasing deductibles, or having an accident may generate price changes resulting in some companies being more affordable than the competition.

Best Auto Insurance Prices for SR22 Drivers

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Rankings for the cheapest Ohio auto insurance companies
Rank Company Cost Per Year
1 Utica National $647
2 Allied $669
3 Erie $681
4 Frankenmuth $701
5 Travelers $712
6 USAA $741
7 Merchants Insurance Group $755
8 Cincinnati Insurance $756
9 Grange Mutual $804
10 General Casualty $805
11 Motorists Mutual $824
12 Central Mutual $866
13 State Farm $867
14 Hastings Mutual $893
15 Atlantic States $904
16 Westfield $946
17 Western Reserve $970
18 Auto-Owners $988
19 Progressive $991
20 Nationwide $1,018
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Utica National has some of the most affordable car insurance rates in Columbus at around $647 a year. Allied, Erie, Frankenmuth, and Travelers are also some of the lowest-priced Columbus, OH car insurance companies.

As depicted above, if you currently have coverage with Allied and switched to Utica National, you may realize a yearly price reduction of in the neighborhood of $22. Customers with Erie might save as much as $34 a year, and Frankenmuth customers might cut rates by $54 a year.

Be aware that those prices are averaged for all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for drivers requiring a SR22. So the car insurance company that fits your needs best may not even be in the top 33 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own specific driver and vehicle information.

For high risk drivers, one of the more important criteria that are looked at to help calculate the cost of insurance is where you live. Cities with larger populations are more likely to pay higher prices, whereas more rural areas profit from lower rates.

The table below lists the most expensive areas in Ohio for drivers requiring a SR22 to buy car insurance in. Columbus is ranked at #3 with an annual cost of $1,247 for car insurance, which is approximately $104 monthly.

How much does car insurance cost in Columbus, OH?
Rank City Premium Per Year
1 Youngstown $1,273
2 Cleveland $1,259
3 Columbus $1,247
4 Toledo $1,241
5 Cincinnati $1,222
6 Cleveland Heights $1,214
7 Akron $1,169
8 Euclid $1,164
9 Dayton $1,142
10 Hamilton $1,135
11 Newark $1,095
12 Lakewood $1,073
13 Springfield $1,072
14 Fairfield $1,063
15 Canton $1,058
16 Beavercreek $1,047
17 Middletown $1,035
18 Mansfield $1,032
19 Kettering $1,020
20 Lorain $1,015
21 Strongsville $1,001
22 Parma $997
23 Cuyahoga Falls $997
24 Elyria $995
25 Mentor $978
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Rates are approximated as specific Columbus garaging address can raise or lower premiums significantly.

The vehicle model that needs insurance is one of the main factors when comparing cheaper coverage for drivers requiring a SR22. Vehicles with lower acceleration and performance, a plethora of safety features, or a track record of few liability claims will cost much less to insure than fast, unsafe models.

The next list shows insurance costs for a selection of the cheapest automobiles to buy insurance for.

Cheapest Vehicles to Insure in Columbus, OH
Vehicle Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $4,253
Honda CR-V LX 2WD $4,362
Ford Escape XLT 2WD $4,367
Volkswagen Jetta S 2.5 Station Wagon $4,693
Toyota Prius $4,700
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,763
Dodge Grand Caravan CV $4,811
Ford Explorer XLT 4WD $4,935
Toyota Tacoma Double Cab 4WD $5,036
Nissan Altima 2.5 4-Dr Sedan $5,043
Chevrolet Impala LT $5,036
Ford Edge SEL 2WD $5,114
Chevrolet Equinox LT AWD $5,167
GMC Sierra SLE Regular Cab 2WD $5,175
Toyota Camry LE $5,167
Toyota RAV4 Limited 4WD $5,208
Honda Odyssey EX-L W/Rear Entertainment $5,261
Hyundai Elantra SE 4-Dr Sedan $5,268
Chevrolet Malibu LT $5,263
Chevrolet Silverado LTZ Crew Cab 4WD $5,306
Ford F-150 Lariat Crew Cab Platinum 2WD $5,312
Jeep Grand Cherokee Limited 4WD $5,306
Ford Focus SES 4-Dr Sedan $5,389
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Prices above based on married male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific Columbus, OH garaging location which can decrease or increase rates greatly.

Looking at the data, you can assume that models like the Honda Accord, Honda CR-V, Ford Escape, and Volkswagen Jetta are a few of the cheaper vehicles to insure for high risk drivers. The price for an auto insurance policy will be higher anyway because there is more liability risk for drivers requiring a SR22, but generally speaking those makes and models will most likely have the lowest insurance rates that you are likely to find.

Selecting the right car insurance company is hard considering how many companies provide coverage in Ohio. The information listed below can help you choose which companies to look at when comparing auto insurance rates for drivers requiring a SR22. The rankings below only include the largest auto insurers in America, so smaller companies are not included in these rankings.

Top 15 Car Insurance Companies for Drivers Requiring a SR22 in Ohio
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Insure.com Best Car Insurance Companies

The chart below shows how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for drivers requiring a SR22. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are applied.

As shown above, a 40-year-old driver could reduce rates by $216 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $324 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old, could shave as much as $718 annually by using higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have spare funds to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Rate comparison of full coverage and liability-only

Reducing premiums for car insurance is important to the majority of drivers, and one easy way to find cheap insurance for drivers requiring a SR22 is to not buy full coverage. The information below visualizes the comparison of car insurance costs with full coverage and liability only. The prices are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are factored in.

Averaged for all age groups, full coverage costs an extra $1,200 per year more than just insuring for liability. That is a large expense which might make you wonder if physical damage coverage is worth the money. There is no definitive guideline for eliminating physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

There are some circumstances where eliminating full coverage is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.