One of the more important considerations that are looked at to determine insurance cost is where you choose to live. Areas with a lot of weather claims or more people are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The information below rates the most expensive places in Ohio for drivers under 21 to buy auto insurance in. Columbus is listed at #6 costing $1,199 for car insurance, which is around $100 per month.
|Rank||City||Premium Per Year|
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Annual rates are comparative as the specific Columbus residence address can modify price quotes significantly.
Buying budget insurance is not the easiest thing to accomplish, and determining which companies have the best auto insurance rates for drivers under 21 takes even more rate comparisons. Each auto insurance company uses their own calculation for setting prices, so first we will examine the auto insurance companies with the most affordable rates in Columbus.
Find the Cheapest Auto Insurance for Minors
|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$778|
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Utica National generally 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. Allied, Erie, Frankenmuth, and Travelers also are some of the cheapest Columbus, OH car insurance companies.
As depicted above, if you currently have coverage with Allied and switched to Utica National, you could earn a yearly savings of upwards of $29. Insureds with Erie may save as much as $40 a year, and Frankenmuth insureds might realize rate reductions of up to $54 a year.
Be aware that those estimates are averaged across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for drivers under 21. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own driver data and vehicle information.
The car, truck, or SUV you are insuring is a large factor that determines if you can find cheaper auto insurance for drivers under 21. Vehicles with lots of horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models.
The information below features coverage prices for a number of the most budget-friendly automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,249|
|Honda CR-V EX 2WD||$4,256|
|Ford F-150 XL Regular Cab 2WD||$4,392|
|Honda Accord EX-L 4-Dr Sedan||$4,597|
|Honda Odyssey LX||$4,689|
|Ford Edge SE 2WD||$4,697|
|Toyota Tacoma 4WD||$4,743|
|Ford Explorer Eddie Bauer 2WD||$4,750|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,950|
|Ford Focus S 4-Dr Sedan||$4,984|
|Toyota RAV4 Sport 4WD||$5,037|
|Ford Fusion S 4-Dr Sedan||$5,045|
|Chevrolet Impala LT||$5,037|
|Toyota Camry LE||$5,042|
|Chevrolet Malibu LT||$5,094|
|Dodge Grand Caravan Crew||$5,100|
|Dodge Ram Quad Cab ST 2WD||$5,129|
|Honda Civic LX 4-Dr Sedan||$5,280|
|Hyundai Elantra SE 4-Dr Sedan||$5,334|
|Toyota Corolla S||$5,341|
|Nissan Altima Hybrid 4-Dr Sedan||$5,390|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$5,400|
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Table data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can modify premium rates noticeably.
By looking at the data, you can see that cars like the Ford Escape, Honda CR-V, Ford F-150, and Honda Accord will be the less-costly vehicles to insure for minors. Auto insurance rates will be more expensive just because there is more claim risk for drivers under 21, but overall those makes and models will have the cheapest car insurance rates that you are likely to find.
The diagram below demonstrates how choosing different deductibles can increase or decrease annual premium costs when getting quotes for cheap insurance for drivers under 21. Data assumes a married male driver, full physical damage coverage, and no other discounts are factored in.
A 50-year-old driver could lower their car insurance rates by $216 a year by increasing from a $100 deductible up to a $500 deductible, or save $324 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, can save up to $718 each year by selecting a higher deductible. If you do decide to increase your deductibles, it is a good idea to have enough in a savings account to cover the extra out-of-pocket expense that comes with higher deductibles.
Ending up with the right insurance provider is difficult considering how many companies there are to choose from in Ohio. The ranking information displayed below may help you pick which coverage providers you want to consider when trying find the best insurance for drivers under 21. The ratings below only include large nationwide companies, so companies without a large exposure are not taken into consideration for these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Get discount Columbus auto insurance rates
Auto insurance companies that offer cheap quotes for drivers under 21 may additionally offer discounts that can reduce rates by as much as 35% if you meet specific eligibility requirements. Large auto insurance companies and some of their more popular discounts are shown below.
- Farm Bureau may have discounts that include multi-vehicle, safe driver, driver training, youthful driver, good student, and 55 and retired.
- Liberty Mutual may offer discounts for teen driver discount, safety features, exclusive group savings, multi-car, and new vehicle discount.
- State Farm offers discounts including multiple autos, multiple policy, good driver, safe vehicle, and accident-free.
- Auto-Owners Insurance has savings for good student, anti-lock brakes, group or association, safe driver, safe vehicle, air bags, and multiple vehicles.
- GEICO has discounts for good student, multi-policy, anti-theft, driver training, multi-vehicle, anti-lock brakes, and membership and employees.
- SAFECO offers discounts for teen safe driver, anti-lock brakes, accident prevention training, drive less, multi-car, homeowner, and bundle discounts.
The chart below illustrates the comparison of insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no claims or driving violations, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with defensive driving course, accident-free, anti-theft, multiple policy, safe-driver, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for drivers under 21 is 28% or $318.
If you have questions and prefer to get some professional input when trying to find lower insurance rates for minors, the agents listed below can most likely aid you in deciding which policy fits your needs best. To locate an agency nearest to you, click the button following the list.
Keystone Insurance Agency LLC
5640 Groveport Rd #2 – Groveport, OH 43125 – (614) 295-8816
IHT Insurance Agency Group LLC
655 Metro Pl S Suite 330 – Dublin, OH 43017 – (614) 761-2825
Meghan Humphreys – State Farm Insurance Agent
3468 N High St a – Columbus, OH 43214 – (614) 754-9855
Ideas to find the cheapest car insurance for drivers under 21
The list below summarizes some of the recommended money-saving suggestions that can help Columbus drivers find cheap car insurance.
- Save money by obeying traffic laws and keeping a clean driving record
- If possible, pay for small claims out-of-pocket
- Bundle home or renters insurance to earn a discount on car insurance
- Higher credit ratings may save you money
- Raise physical damage deductibles
- Prevent price hikes by avoiding at-fault accidents
- Shop around for lower rates once a year
The final tip is extremely critical, as we discussed in this write-up. Rates can change considerably based on profitability, so don’t hesitate to change to a new company if you find a better deal.
Many drivers have brand loyalty and that’s fine, but it’s not recommended if that dedication is costing hundreds every year. In just a few minutes you could shop around to find cheaper car insurance for drivers under 21 in Columbus.