How Much Does Auto Insurance Cost for Retired Military in Ohio?

The type of vehicle on the policy is one of the main factors when consumers are trying to find cheap car insurance for retired military in Ohio. Vehicles with higher performance, a lack of safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models. The table below shows insurance rates for a handful of the cheaper vehicles to insure.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can change premium rates noticeably.

Looking at the numbers, we can infer that cars like the Honda CR-V, Hyundai Tucson, Hyundai Elantra, Volkswagen Jetta, and Jeep Grand Cherokee are some of the most economical vehicles to insure for veterans.

Establishing which company has the lowest-priced insurance rates for retired military takes a tad more effort in order to find the lowest price. Every auto insurer has their own process to set premium rates, so we’ll go over the lowest cost insurance companies in Ohio.

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Utica National has some of the lowest car insurance rates in Ohio at around $654 annually. Erie, Allied, Frankenmuth, and Travelers also make the cut as some of the best Ohio insurance companies.

As shown above, if you currently have coverage with Frankenmuth and switched to Erie, you could earn yearly savings of approxmiately $14. Insureds with Travelers could save as much as $18 a year, and USAA insureds might reduce prices by as much as $24 a year.

Be aware that those policy prices are averages across all types of insureds and vehicles and and are not figured with a rate discount for retired military. So the car insurance company that can offer you the lowest price may not even be featured in the above rate chart. That underscores the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.

Discount Ohio car insurance rates

Insurers that offer cheap car insurance for retired military in Ohio could also offer special discounts that may potentially lower prices by as much as 35% or more if you meet certain criteria. A few of the larger companies and the discounts they provide can be found below.

• State Farm may have discounts that include Steer Clear safe driver discount, good driver, accident-free, safe vehicle, defensive driving training, student away at school, and passive restraint.
• Esurance offers discounts including good driver, renters, defensive driver, online quote, Pac-12 alumni, and DriveSense.
• Progressive offers premium reductions for online quote discount, multi-policy, multi-vehicle, online signing, and homeowner.
• Liberty Mutual has discounts for multi-policy, safety features, multi-car, new move discount, exclusive group savings, good student, and hybrid vehicle.
• Auto-Owners Insurance may include discounts for mature driver, safe driver, multi-policy, anti-lock brakes, and paid in full.
• GEICO includes discounts for federal employee, anti-lock brakes, driver training, seat belt use, and good student.

The information below shows the comparison of auto insurance rates with and without discounts being applied to the rates. The information is based on a male driver, no violations or accidents, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with claim-free, marriage, multiple policy, defensive driving course, anti-theft, and multiple vehicle discounts applied. When discounts are factored in, the average amount saved each year on insurance for retired military is 28% or $445.

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Which auto insurance company is best?

When comparing car insurance for veterans in Ohio, the first places to look would be Geico, Progressive, Allstate, and State Farm. Between them, they insure 48.5% of all vehicles in the U.S.. They all have your normal coverages like liability, comprehensive, and collision, but each one offers somewhat different options that may influence your buying decision. The table below shows some of the ratings and options you can buy with each company.