How Much is Auto Insurance for High Risk Drivers in Ohio?

Deciphering which companies have the cheapest auto insurance rates for high risk drivers calls for a tad more effort in order to find coverage that fits your buget. Every car insurance company has a different process to establish rates, so we’ll go over the auto insurance companies that tend to be cheaper in Ohio.

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Utica National normally has some of the best car insurance rates in Ohio at around $635 annually. Erie, Frankenmuth, Allied, and Travelers would also make the list of some of the most economical Ohio car insurance companies.

As shown above, if you are a customer of Frankenmuth and switched to Utica National, you could realize an annual savings of in the neighborhood of $52. Customers with Allied could save as much as $55 a year, and Travelers policyholders might lower prices by $98 a year.

It’s important to note that these policy prices are averaged across all drivers and vehicles and and are not calculated with a rate increase for high risk drivers. So the company that can offer you the lowest price may not even be in the list above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.

The model of vehicle you are seeking coverage for is probably the most important factor in finding the best car insurance for high risk drivers. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of liability claims will cost much less to insure than higher performance models.

The lists below outlines car insurance rates for a number of the cheapest vehicles to insure in Ohio.

Table data represents single female driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate information does not factor in your specific Ohio location which can change insurance rates significantly.

Data assumes single female driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Table data does not factor in zip code location which can revise rates significantly.

Price data assumes single female driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can decrease or increase coverage prices significantly.

When shopping for the cheapest auto insurance for high risk drivers, one of the many considerations that determine the amount you pay for auto insurance is where your residence is in Ohio. Areas that are more densely populated like Toledo, Youngstown, and Cincinnati tend to pay more, whereas areas that are not as densely populated profit from lower rates.

The illustration below sorts the most expensive places in Ohio for high risk drivers in which to buy car insurance.

Rates are approximated as the specific geographic location can increase or decrease coverage rates noticeably.

Drive responsibly or pay higher rates

The best way to receive cheap auto insurance prices in Ohio for high risk drivers is to drive carefully and avoid traffic citations and accidents. The diagram below highlights how speeding tickets and fender-benders can affect auto insurance rates for different age groups of insureds. The data assumes a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1189,1323,1701],[‘Age 30’, 829,965,1341],[‘Age 40’, 823,959,1337],[‘Age 50’, 725,861,1239],[‘Age 60’, 691,827,1205],[‘Age 70’, 743,881,1255]]);var options = {title: ‘Impact of Citations and Accidents on Ohio Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous example, the average cost of an auto insurance policy per year with no accidents or violations is $833. Get written up for one speeding ticket and the average cost increases to $969, an increase of $136 each year. Then add one accident along with the one speeding ticket and the 12-month cost of auto insurance for high risk drivers jumps again to an average of $1,346. That’s an increase of $513, or $43 per month, just for a couple of infractions!

Buying coverage from a highly-rated auto insurance provider can be a challenge considering how many companies provide coverage in Ohio. The company ratings listed below can help you choose which insurers to look at when shopping around. The rankings below are only comprised of companies that write coverage in many states, so companies with more of a regional focus will not be included in this list.

Top 10 Major Car Insurance Companies in Ohio Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Erie Insurance
5. State Farm
6. Liberty Mutual
7. Safeco Insurance
8. Allstate
9. 21st Century
10. Travelers

Top 10 Major Car Insurance Companies in Ohio Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Progressive – A+
7. Erie Insurance – A+
8. The Hartford – A+
9. Nationwide – A+
10. Esurance – A+

How to find economical car insurance for high risk drivers

The list below details some of the recommended money-saving suggestions that can help drivers find cheap auto insurance.

• Pay lower rates with good credit
• Lower rates by purchasing a safer vehicle
• Do not get tickets or violations
• Prevent rate increases by staying accident-free
• Claim-free drivers earn discounts
• Check for cheaper rates once a year

The last item on the list is especially crucial, as we hit on in the prior information. Prices charged by companies adjust frequently, so don’t be hesitant to buy from a new company if a lower-cost policy is available.

Having a favorite company is great, but it isn’t a good idea if it’s costing you a small fortune year after year. It takes less than five minutes to compare rates to find cheaper car insurance for high risk drivers.

Who has the cheapest insurance quotes for high risk drivers?

Drivers have a lot of different ways to get affordable auto insurance quotes in Ohio, but the three most common methods are from a captive (or exclusive) agency such as State Farm or Allstate, an independent agent, or direct online or over the phone from a company like Progressive or Geico. All three ways are similar, but it’s good to know the differences in how they function.

Independent agencies are appointed by several companies and can get policy pricing from each one. These types of agencies do not sell for just one brand and can provide you with more rates, which can give you the best shot at cutting your rates. If a cheaper price is found, the business is moved internally and the insured can keep the same agent.

An exlusive, or captive, agency is able to quote prices with one insurance company, examples being State Farm and Allstate agents. These agents usually cannot provide prices from multiple companies, so you will not be able to compare their rates to other companies.

Buying from a direct company means bypass a local insurance agent and instead buy from a direct company like Progressive or Geico. Shopping for auto insurance direct can be good for consumers who do not need high amounts of coverage and understand how auto insurance works.

So which way is best to buy cheap insurance for high risk drivers in Ohio? The quick answer would be buying from a direct company saves money because there isn’t an agent involved, but unfortunately, it’s not that cut and dried. A valid argument could also be made that buying auto insurance from an independent agent is the best way to go since they have access to many companies, but that idea is not necessarily true either. And often times, exclusive agents may have prices that are the lowest in Ohio.

Due to the fact that auto insurance rates vary so much, the guaranteed way to not overpay for auto insurance is to get quotes and compare the rates. To cover all the bases, get quotes from all three in order to find the best price. For a list of auto insurance companies with low rates, click here to view.