The words “low-priced” and “insurance” probably shouldn’t be used together, especially when looking for the best car insurance rates for uninsured drivers. Because it’s so expensive, let’s lead off by showing you a few of the factors that impact auto insurance premiums, and find some ways to take a little off your next policy.
For drivers with no prior coverage, one of the big components that aid in calculating insurance cost is where you keep your car. Larger areas tend to have higher rates, whereas more rural areas benefit from lower coverage costs.
The table below ranks the most costly cities in Ohio for uninsured drivers to purchase a policy in. Columbus is ranked #4 having an annual price of $1,235 for the average insured, which is approximately $103 each month.
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Premium amounts are estimated as the garaging address in Columbus can revise coverage prices significantly.
The make and model of vehicle you are trying to insure is one of the largest factors that determines the availability of cheap coverage for uninsured drivers. Vehicles with economical engines, good crash test ratings, or low incidents of liability claims will cost less to insure than fast, unsafe models.
The table below shows auto insurance prices for a selection of the cheapest automobiles to insure in Ohio.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,188|
|Honda CR-V EX 4WD||$1,215|
|Jeep Wrangler Sport 4WD 2-Dr||$1,345|
|Ford Escape Limited 2WD||$1,379|
|Toyota RAV4 Limited 4WD||$1,409|
|GMC Sierra SLE Crew Cab 2WD||$1,415|
|Ford Explorer XLT 2WD||$1,458|
|Ford F-150 XL Super Cab 4WD||$1,463|
|Jeep Grand Cherokee Limited 2WD||$1,512|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,532|
|Ford Edge SEL AWD||$1,552|
|Honda Odyssey EX||$1,560|
|Honda Civic SI 4-Dr Sedan||$1,561|
|Dodge Grand Caravan Crew||$1,574|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,584|
|Ford Focus SE 2-Dr Coupe||$1,586|
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can impact coverage prices greatly.
Looking at the rates, you can figure that makes and models like the Hyundai Elantra, Honda CR-V, Toyota Prius, and Jeep Wrangler are most likely to be a few of the cheaper vehicles to insure for drivers with no prior coverage.
Comparing quotes for budget car insurance is not the easiest thing to do, and finding out which company has the most affordable insurance rates for uninsured drivers involves a little more work. Every insurance company has their own formula for determining prices, so let’s rank the insurance companies with the most affordable rates in Columbus, OH.
We do need to point out that Columbus insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Improving your financial situation, moving to a new city, or having an accident can trigger price changes resulting in some rates now being more affordable than competitors.
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|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$778|
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Utica National may have some of the most affordable car insurance rates in Columbus at around $647 annually. This is $393 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers also are some of the cheaper Columbus, OH auto insurance companies.
In the above example, if you currently have coverage with Allied and switched to Utica National, you could earn an annual savings of in the neighborhood of $43. Policyholders with Travelers might save as much as $58 a year, and USAA policyholders might see rate reductions of $72 a year.
To find out how your current rates compare, click here to start your free quote or visit any of the companies below.
It’s important to note that these premiums are averages for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for uninsured drivers. So the company that is best suited for you may not even be in the top 33 companies shown above. That points out the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.
Get discounts on Columbus insurance
Car insurance companies that offer quotes for uninsured drivers may additionally offer rate discounts that can lower rates by as much as 35% or more if you qualify. The best insurance companies and a summarized list of policyholder discounts include:
- American Family offers discounts for air bags, defensive driver, Steer into Savings, TimeAway discount, bundled insurance, and good student.
- State Farm includes discounts for anti-theft, good driver, multiple autos, defensive driving training, and safe vehicle.
- 21st Century has savings for air bags, anti-lock brakes, early bird, driver training, and automatic seat belts.
- Travelers may offer discounts for driver training, continuous insurance, payment discounts, good student, multi-policy, early quote, and hybrid/electric vehicle.
- GEICO policyholders can earn discounts including driver training, seat belt use, daytime running lights, multi-policy, air bags, and anti-theft.
The illustration below illustrates the difference between car insurance rates with and without discounts applied to the rates. The information is based on a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, vehicle safety, anti-theft, marriage, passive restraint, and claim-free discounts applied. When discounts are factored in, theaverage amount saved on insurance for uninsured drivers is 27% or $312.
Insuring your vehicle with the highest-rated car insurance provider is hard considering how many choices drivers have in Columbus. The ranking data below may help you pick which insurers to look at when shopping around. These ratings are only made up of large, nationwide insurance companies, so companies that may only write in Ohio are not included in this list.
Top 10 Large Car Insurance Companies in Columbus Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Does full coverage make sense?
Saving money on insurance is important to most vehicle owners, and one common way to find cheaper insurance for uninsured drivers is to not buy comprehensive and collision coverage. The chart below shows the comparison of premium costs when comparing full coverage to liability only. The costs are based on no violations or claims, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, physical damage coverage costs $1,279 per year over having just liability coverage. At some point, every insured wonders when is the right time to remove full coverage. There is no exact rule to drop full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your vehicle’s settlement value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $8,500 after you pay the deductible. If it’s costing you more than $850 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Why you are probably overpaying for car insurance
Ohio insurance rates are based on many factors which can substantially change the cost of a policy. Getting older, buying higher coverage limits, or getting a ticket for running a stop sign can cause premium changes that can now make some companies more affordable than the competition. Not only that, but insurers change prices without warning to reflect underwriting profits or losses. An extended period of higher than normal claims can result in higher prices, while a lower level of claims may cause lower-cost Columbus car insurance rates.
The data below shows the companies that have the cheapest car insurance in Columbus, OH for a 35-year-old male driver with a clean driving record, no accidents, and a decent credit rating. Based on his current situation, Utica National quotes the cheapest car insurance rates in Columbus at $804 annually. This is $236 less than the average rate paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are the remainder of the cheapest Columbus, OH auto insurance companies.
The next chart shows rates after we give the driver in the first chart a chargeable accident, a lower credit rating, and a couple of points charged on his driving record. Since each insurance company uses their own formula to determining premium rates, analyzing rates could result in a substantially altered list of affordable companies as shown below.
Merchants Insurance Group now has the cheapest auto insurance in Columbus, OH with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty now rounding out the top five. This example illustrates why drivers need to perform a complete rate comparison when trying to get the most budget-friendly insurance quotes for uninsured drivers.
Rates are impacted by many different factors and change frequently, so the cheapest option three years ago may now cost much more than other companies.