Cheap Car Insurance for Drivers Under 21 in Ohio

We always joke that when we write about car insurance, the words “affordable” or “cheap” should not be used anywhere in the article to describe car insurance prices. Nonetheless, cheap auto insurance for drivers under 21 can be extremely hard to find. But don’t let that discourage you, because we will tell you how you can still find and buy car insurance that is cheaper than your current rate.

Figuring out which company has the best auto insurance rates for drivers under 21 requires more time in order to find the most economical policy. Every car insurance company uses different criteria for establishing rates, so we’ll go over the most budget-friendly auto insurance companies in Ohio.

It’s important that you understand Ohio auto insurance rates are influenced by many factors that control the price you pay for coverage. Improving your credit score, having a teenage driver, or having an accident can cause premium changes that can make some companies more affordable than others.

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Utica National offers some of the most affordable car insurance rates in Ohio at around $647 each year. Erie, Allied, Frankenmuth, and Travelers also rank well as some of the cheapest Ohio car insurance companies.

In the above rates, if you have coverage with Erie and switched to Utica National, you could see an annual premium reduction of in the vicinity of $14. Customers with Allied could save as much as $22 a year, and Frankenmuth insureds might reduce prices by as much as $40 a year.

To find out how your current rates compare, click here to get a free quote or visit several of the following companies.

Understand that those premium estimates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a rate increase for drivers under 21. So the auto insurance company that can offer you the lowest price may not even be featured in the above list. That’s why you need to get rate quotes using your own driver data and vehicle information.

The vehicle you are insuring is probably the largest consideration that determines whether or not you can buy cheap auto insurance for drivers under 21 in Ohio. Vehicles with lower acceleration and performance, excellent safety ratings, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models.

The data below presents car insurance costs for a number of the cheapest vehicles to buy coverage for.

Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific zip code location which can alter auto insurance rates significantly.

Table data represents single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in garaging location in Ohio which can decrease or increase insurance rates greatly.

Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific zip code location which can impact coverage rates substantially.

Discounts on cheap auto insurance for drivers under 21 in Ohio

Insurance companies that offer cheap quotes for drivers under 21 may also give you rate discounts that could reduce prices by as much as 35% if you are eligible to receive them. Popular auto insurance companies and some of their more popular discounts are detailed below.

The illustration below illustrates the comparison of insurance costs with and without discounts. The rate quotes are based on a male driver, no violations or claims, Ohio state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with continuous coverage, vehicle safety, paperless filing, anti-theft, passive restraint, and good student discounts applied. In this example, the the average yearly reduction on auto insurance for drivers under 21 is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2181,1563],[‘Age 30’, 1111,825],[‘Age 40’, 1019,803],[‘Age 50’, 989,739],[‘Age 60’, 1237,717]]);var options = {title: ‘Effect of Discounts on Insurance Rates for Drivers Under 21’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Geico, State Farm, Progressive, or Allstate: Who is cheapest?

If you’re looking for the cheapest car insurance, four companies you’ll want quotes from are Geico, State Farm, Progressive, and Allstate. When added together, they insure almost 50% of all auto insurance policies in force. All offer liability and physical damage insurance, but each one has a slightly different mix of options and features that policyholders can choose from. The next table rates pricing and service ratings, as well as optional policy coverages offered by each one.

Who has the cheapest insurance quotes for minors?

There are many different ways to find cheaper auto insurance in Ohio, but the most prevalent are either through a captive (or exclusive) agent such as State Farm or Liberty Mutual, an independent insurance agent, or direct from companies such as Progressive or Geico.

All three ways can provide auto insurance quotes, but it’s good to know the differences in how they function.

Independent agencies work with multiple companies and can compare rates with all of them. These types of agencies have the ability to quote rates with many companies, which can help you get a better chance of saving money. If your agent finds better pricing, the business is moved internally without having to get a different agent.

A captive or exclusive agent is only able to quote your policy with a single company, examples being Allstate or State Farm agents. This type of agents cannot compare other company’s rates, so always compare other rates.

The last way is buying direct, which means you do not use either of the other two types of agents and instead buy direct from companies such as Esurance or Progressive. Shopping direct may be the best choice people who do not have a need for a risk management assessment and know more than average about the exclusions of a policy.

Out of those three methods, which one works best to buy cheap auto insurance for drivers under 21 in Ohio? Our initial answer would be buying from a direct company yields the cheapest rates because there is no agent taking a commission, but in reality, that is not true. And we’d like to say going through an independent agent is the best way to go due to increased selection, but that assumption is also not necessarily accurate. And sometimes, the exclusive agents have coverage prices that are well below what direct and independents offer.

Due to that fact that auto insurance uses so many rating variables, the guaranteed way to buy the cheapest policy is to compare, compare, and compare some more. In a perfect world, youll get prices from all three types in order to have the best selection to choose from. For a list of companies with online discounts, click here to view.