Cheap Car Insurance in Toledo, Ohio

The best and cheapest car insurance options in Toledo are Erie, Auto-Owners, Nationwide, Progressive and Westfield. These companies provide rates that are lower than the average prices for minimum and full coverage in the city. Additionally, they are well-known for their excellent customer service and for the quality of the coverage that they offer.

Keep reading: Cheap car insurance

Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.

Our data shows that the average cost of car insurance for minimum-coverage insurance in Toledo is $60 per month or $723 per year. This is about 15% more than the national average of $52 per month or $627 per year. Similarly, full-coverage insurance costs $152 per month or $1,823 per year on average, which is about 9% less expensive than the national average of $167 per month or $2,008 per year for full coverage.

Cheapest Liability Car Insurance in Toledo

Erie offers the cheapest liability insurance with average rates of $24 per month or $286 per year. Auto-Owners is the second-cheapest option in Toledo with average rates of $28 per month or $341 per year.

Liability coverage is the minimum coverage required by the state of Ohio. According to Ohio law, all drivers must either meet or exceed the following minimum coverage limit requirements:

• $50,000 bodily injury liability per accident
• $25,000 bodily injury liability per person
• $25,000 property damage liability per accident

Cheapest Full-Coverage Car Insurance in Toledo

A full-coverage car insurance policy can be pricey in Toledo. Full coverage includes liability plus comprehensive coverage and collision coverage, which protect against damage to your vehicle in a variety of situations. Nationwide is the cheapest full-coverage option with average rates of $74 per month or $889 per year.

The company that offers the lowest price for you may quote a higher price to another driver, since car insurance rates are influenced by a variety of factors. In the following sections, we will examine the cost of car insurance in Toledo based on several factors, including the driver’s age, credit score and driving record. Since Toledo has multiple ZIP codes with varying average car insurance costs, we will also look into those.

Some good ways to find affordable car insurance are by comparing quotes from insurance agencies throughout the Toledo area and by increasing your deductible. You could also consider cutting out extra services like roadside assistance if you currently have them.

Bundling your car policy with life insurance, renters coverage and home insurance if you’re a homeowner could also save you money. Keep in mind that certain factors, such as your age, gender and marital status, will affect rates no matter what you do to save in other ways.

Toledo Car Insurance Cost by Age

Car insurance coverage is more expensive for teenagers since, statistically, these drivers have a greater likelihood of getting into accidents or breaking traffic laws. Our data shows 16-year-olds pay about $267 per month or $3,205 per year for car insurance in Toledo.

As people enter their twenties and throughout middle age, car insurance premiums generally become cheaper. In Toledo, the average minimum-coverage car insurance costs differ greatly between different age groups.

Cheapest Car Insurance in Toledo: Teen Drivers

Car insurance for teens is expensive, but some insurance providers tend to be more affordable than others. Our data shows Erie is the cheapest car insurance company for teen drivers, with minimum-coverage rates as low as $72 per month or $868 per year. Auto-Owners, Nationwide and Geico also offer affordable premiums for Toledo teens.

Toledo Car Insurance Cost by Credit Score

Many states, including Ohio, use credit scores to decide how much a person will pay for car insurance. If you have a low credit score, your car insurance will cost more, while those with a high credit score will pay less.

Cheapest Car Insurance in Toledo: Poor Credit

Our rate data shows Nationwide is the cheapest option for car insurance for bad credit in Toledo. The company offers minimum-coverage policies to drivers with poor credit for rates of $43 per month or $516 per year. This is 86% more than the overall state average for minimum coverage for good credit.

Toledo Car Insurance Cost by Driving Record

People who have received speeding tickets, been in an accident or gotten a DUI should anticipate paying higher rates for car insurance. On average, speeding can increase your rates by 20%, an at-fault accident by 45% and a DUI by 65%.

Each auto insurance company increases their rates for high-risk drivers on a different scale. We discovered that Erie is the top choice if you have any driving violations on your record. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.

Keep reading: Insurance rates for high-risk drivers

Cheapest Car Insurance in Toledo: Speeding Ticket

According to our data, Erie offers the cheapest auto insurance rates to drivers who have a speeding ticket on their records — $26 per month or $317 per year. Auto-Owners follows close behind with an average monthly rate of $40, while Westfield, Progressive and Nationwide round out the top five options for cheap speeding ticket car insurance in Toledo.

Cheapest Car Insurance in Toledo: At-Fault Accident

If you cause an accident while driving, your insurance rates can go up more than if you just received a speeding ticket. Erie and Auto-Owners are the cheapest options here, with average rates of about $34 per month and $44 per month, respectively. Take a look at the chart below, and you will see that some auto insurance companies charge significantly more for coverage after an accident.

Cheapest Car Insurance in Toledo: DUI

Getting a DUI can make your car insurance in Toledo cost a lot more each year, sometimes even hundreds more. Progressive is very cheap compared to other companies, offering average rates of $39 per month or $471 per year for drivers with a DUI. Erie, Auto-Owners and Nationwide are also good options, with rates under $67 per month on average.

Toledo Car Insurance Cost by ZIP Code

Insurance costs can differ across different areas of Toledo due to varying rates of insurance claims. This ultimately influences the amount you’ll pay for insurance. Below, you can see certain ZIP codes in Toledo can be up to 2% cheaper or 5% more expensive than the city average.

While auto coverage in Toledo is 39% higher than Ohio car insurance and 15% more than the national average, there are still cheap providers to shop from. Erie offers the cheapest minimum coverage in the city for about $24 per month. Auto-Owners also offers highly affordable full coverage rates for Toledo drivers at $94 per month.

Compare free quotes to find the company that meets your Ohio car insurance needs at the best rate. You can compare insurance products and get auto insurance quotes online or from insurance agents.

Here are some frequently asked questions about the cheapest auto insurance in Toledo, Ohio:

*Cost data comes from Quadrant Information Services and is accurate at time of publication.