Best Cheap Auto Insurance for College Students in Ohio

For Ohio drivers, one of the criteria that auto insurance companies use to calculate the price of your policy is where you keep your vehicle in Ohio. Regions with larger populations or more claims like Toledo, Youngstown, and Cincinnati are more likely to pay higher prices, whereas cities that are not as densely populated receive better rates.

The following table illustrates the most expensive areas in Ohio for college students to purchase a policy in.

Prices are comparative as specific Ohio zip code can affect rates considerably.

Establishing which companies have the lowest-priced insurance rates for college students will involve more work in order to find coverage that fits your buget.

Every insurance provider has their own formula for determining rates, so let’s examine the lowest cost insurance companies in Ohio. It’s a good idea to know that Ohio insurance rates are determined by lots of factors which can substantially change the policy price. Simply having a birthday, moving across town, or having a fender bender can trigger changes in premium resulting in some companies being more affordable than competitors.

Find the Best Cheap Insurance for College Students

Start Your Free Quote

google.charts.setOnLoadCallback(drawOHT5qcibChart);function drawOHT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Utica National’, 654, ‘#338FCF’], [‘Erie’, 661, ‘#2A77AC’], [‘Frankenmuth’, 687, ‘#23638F’], [‘Allied’, 690, ‘#1D5277’], [‘Travelers’, 705, ‘#184463’]]);var options = {title: ‘Top Five Cheap Auto Insurance Companies in Ohio’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:805,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Utica National quotes some of the lowest car insurance rates in Ohio at around $654 each year. Erie, Frankenmuth, Allied, and Travelers also rank well as some of the cheapest Ohio car insurance companies.

As depicted above, if you are a policyholder with Erie and switched to Utica National, you may realize yearly savings of approxmiately $7. Drivers with Frankenmuth might save as much as $33 a year, and Allied policyholders might realize rate reductions of up to $36 a year.

Be aware that those policy rates are averaged for all types of insureds and vehicles and do not factor in a price increase for college students. So the auto insurance company that is best for you may not even be shown in the list above. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

Everyone has different tastes in autos, and the style of vehicle on the policy is probably the most important factor when comparing the lowest-priced coverage for college students. Vehicles with average performance, an excellent safety record, or low incidents of liability claims will cost much less to insure than high performance models. The data below estimates coverage premiums for a number of the most budget-friendly vehicles to buy insurance for.

Above prices assume 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. Information does not factor in vehicle garaging location which can alter premiums greatly.

Data variables include 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. Table data does not factor in specific garaging location which can increase or decrease premiums noticeably.

Table data assumes 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. Premium amounts do not factor in specific garaging location which can change auto insurance rates greatly.

How much more does full coverage cost in Ohio?

Finding the best cheap car insurance for college students in Ohio should be important to most drivers, and one good way to find cheaper insurance is to only buy liability coverage. The illustration below illustrates the difference between car insurance rates with full coverage compared to only the Ohio minimum liability coverage. The rates are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2485,917],[‘Age 30’, 1303,507],[‘Age 40’, 1275,469],[‘Age 50’, 1167,441],[‘Age 60’, 1131,433],[‘Age 70’, 1389,577]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $1,458 per year more than buying just liability insurance. Many people question if you should buy full coverage. There is no definitive rule for dropping physical damage coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s book value is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $11,000 after paying your policy deductible. If you are paying in excess of $1,100 annually for full coverage, then you may want to consider only buying liability coverage.

Impact of speeding/accidents on Ohio insurance rates

The easiest method to find affordable insurance prices for students in college is to pay attention while driving and avoid getting tickets or having accidents. The information below illustrates how traffic citations and accidents can drive up insurance premiums for different age groups of insureds. The rates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 2749,3269,3799],[‘Age 30’, 1419,1933,2463],[‘Age 40’, 1403,1921,2453],[‘Age 50’, 1279,1799,2327],[‘Age 60’, 1239,1759,2287],[‘Age 70’, 1517,2033,2563]]);var options = {title: ‘Effect of Tickets and Accidents on Ohio Auto 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);}

The data in the chart shows the average cost of car insurance per year with no violations or accidents is $1,601. Get two speeding tickets and the average cost increases to $2,119, an increase of $518 each year. Then include one accident along with the two speeding tickets and the annual cost of insurance for college students goes up to an average of $2,649. That’s an increase of $1,048, or $87 per month, just for a couple of infractions!

Best rates: State Farm, Progressive, Geico, or Allstate

If you’re looking for the best auto insurance for students in college in Ohio, probably the best companies to start with are State Farm, Progressive, Geico, and Allstate. Combined they make up about 50% of all car insurance policies written. The data below compares ratings for price and service, as well as some optional coverages that may be available in your state.