How Much is Car Insurance for a 20 Year Old Female in Ohio?

The words “affordable” and “auto insurance” really shouldn’t be used in the same sentence, specifically when comparison shopping for the cheapest coverage for 20 year old women. In an attempt to save some money, let’s lead off by showing you some of the factors the can have a considerable influence on insurance prices, and see if we can help you slash the price of the next policy you buy.

The vehicle model requiring insurance is one of the largest factors when quoting cheap auto insurance for 20 year old women in Ohio. Vehicles with limited top-end speed, a plethora of safety features, or low incidents of liability claims will cost much less to insure than higher performance models. The data below features insurance premiums for a number of the most economical vehicles to buy insurance for.

Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in your specific Ohio location which can change insurance rates greatly.

Based on these rates, we can assume that cars like the Honda Accord, Honda CR-V, Chevrolet Traverse, Ford Escape, and Toyota Prius will be some of the most budget-friendly vehicles to insure for young women. The cost of auto insurance will be more costly just because there is a higher risk for 20 year old women, but overall those vehicles will most likely have the lowest insurance prices compared to other types of vehicles.

Finding good, affordable insurance is not the easiest thing to accomplish, and figuring out which companies have the most affordable car insurance rates for 20 year old women may require even more diligence. Insurance prices will most likely be significantly more expensive than the average policy in Ohio, with the increase attributed to the potential for higher claims related to selling insurance for young women, but affordable coverage should be obtainable if you are thorough. Each auto insurance company uses a slightly different approach to set premium rates, so let’s begin by taking a look at the car insurance companies that tend to be cheaper in Ohio.

It’s important that you understand Ohio car insurance rates are influenced by many factors that can increase the cost of your policy. Events like a birthday, marrying your spouse, or having an at-fault accident may prompt premium changes resulting in some companies being more affordable than others.

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Utica National has some of the best car insurance rates in Ohio at around $647 a year. Erie, Frankenmuth, Allied, and Travelers would also make the list of some of the lowest-priced Ohio insurance companies.

As the rates illustrate above, if you currently buy coverage from Allied and switched to Utica National, you might achieve yearly savings of roughly $43. Drivers with Travelers may save as much as $79 a year, and USAA customers might lower prices by $94 a year.

If you want to see how much you could save, click here to start a quote or visit several of the following companies.

These rates are averages for all ages of drivers and types of vehicles and and are not figured with a price surcharge for 20 year old women. So the insurer that can offer the best rates for your situation may not even be shown in the rate chart shown above. That’s why you need to compare prices as often as possible using your own specific driver and vehicle information.

One of the many factors that impact rate quotes is where you choose to live in Ohio. Regions with more people or even just more weather-related claims like Youngstown, Cleveland, and Cincinnati tend to pay slightly more, whereas areas with less traffic congestion and claims have the enjoyment of a little cheaper coverage.

The table below displays the most expensive cities in Ohio for 20 year old women to purchase a policy in.

Premium amounts are estimated as the specific Ohio residence address can raise or lower premiums noticeably.

Full coverage rates vs. liability-only in Ohio

Finding cheap auto insurance for 20 year old women in Ohio is important to the majority of people, and an easy way to buy cheap insurance is to only buy liability coverage. The diagram below shows the difference between auto insurance costs when comparing full coverage to liability only. The costs are based on no accidents or driving violations, $100 deductibles, single status, and no discounts are taken into consideration.

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If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $1,750 per year more than just insuring for liability. Many people question if buying full coverage is a waste of money. There is no specific rule of when to exclude physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after you pay the deductible. If you are paying more than $500 a year for full coverage, then it might be time to buy liability only.

Progressive, Geico, Allstate, and State Farm compared

When comparing rates for car insurance for young women in Ohio, the top insurers to get price quotes from are Progressive, Geico, Allstate, and State Farm. When added together, they insure nearly half of the entire U.S. auto insurance market. The table below ranks ratings for price and service, as well as some optional coverages that are available.