Who Has the Cheapest Car Insurance Quotes for Drivers with Bad Credit in Ohio?

In an ideal world, we could simply tell you the one company that has the rock bottom lowest rates in Ohio. It’s just not that easy, however, as there are a ton of unknowns such as the area you live in, what level of deductibles you need, your financial stability, and whether you are married, that all have an effect on the price. The content below covers the different ways you can keep rates low and will hopefully give the reader a good start in finding the cheapest car insurance in Ohio.

The make and model of vehicle on the policy is a large consideration when trying to find the cheapest car insurance for drivers with bad credit in Ohio. Vehicles with lots of speed or power, a lack of advanced safety features, or a history of substantial liability claims will cost substantially more to insure than more economical and safe models.

The tables below illustrates insurance prices for the most cost-effective automobiles to buy coverage for.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific zip code location which can impact coverage rates noticeably.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in specific location which can lower or raise coverage rates considerably.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in specific location information which can decrease or increase coverage prices noticeably.

When shopping for the cheapest insurance for people with poor credit, one of the many things that is used by insurance companies to calculate rate quotes is your zip code in Ohio. Areas with increased crime or more people like Toledo, Youngstown, and Cincinnati tend to pay slightly more, whereas cities that are not as densely populated have the benefit of cheaper auto insurance prices.

The illustration below illustrates the more expensive cities in Ohio for drivers with bad credit in which to buy car insurance.

Premium amounts are estimated as the specific zip code location can alter price quotes substantially.

The information below shows how choosing a deductible can increase or decrease insurance costs when trying to find cheap insurance for drivers with bad credit. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

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A 30-year-old driver could reduce rates by $208 a year by switching from a $100 deductible to a $500 deductible, or save $316 by using a $1,000 deductible. Even younger drivers, like the 20-year-old, could roll back prices as much as $630 annually just by choosing larger deductibles. When increasing deductibles, it is essential to have plenty of discretionary funds to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Discounts on the cheapest car insurance for drivers with bad credit in Ohio

Insurers that sell policies for drivers with bad credit could also offer discounts that can reduce rates by as much as 35% if you are eligible for them. Companies and a partial list of their discounts are outlined below.

The example below compares auto insurance costs with and without discounts. The data is based on a male driver, no violations or claims, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, anti-theft, passive restraint, marriage, vehicle safety, and multiple policy discounts applied. In this example, the the average amount saved on insurance for drivers with bad credit 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’, 2785,2005],[‘Age 30’, 1451,1055],[‘Age 40’, 1433,1039],[‘Age 50’, 1303,947],[‘Age 60’, 1263,915],[‘Age 70’, 1537,1109]]);var options = {title: ‘Comparison of Insurance Rates for Drivers with Bad Credit’,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);}

Find the cheapest car insurance for drivers with bad credit in Ohio

Lowering your rates is not difficult, and here are some thrifty suggestions that can help Ohio drivers find lower-cost car insurance.

• Remain accident-free and save
• Safer vehicles cost less to insure
• Raise your deductibles
• Improve your credit
• Keep your driving record clean
• Do not pay for comprehensive and collision coverage on older vehicles
• Compare rates regularly and switch companies to save money

The last tip is notably vital, as was affirmed in this piece. Prices charged by companies can change significantly in a year, so don’t be afraid to change to a new company if a lower-cost policy is available. Many drivers prefer to stick with one company, but it’s not recommended if that faithfulness ends up costing you a considerable chunk of change every month. Take a few minutes and compare prices and find cheaper insurance for drivers with bad credit.