Best Cheap Car Insurance for a School Permit in Ohio

One of the many components that is used by car insurance companies to calculate rate quotes is where you choose to live in Ohio. Areas with a lot of weather claims or more people like Youngstown, Toledo, and Columbus will most likely have higher rates, whereas more rural areas benefit from lower coverage costs.

The table below lists the priciest cities in Ohio for a school permit to purchase a policy in.

Rate information is comparative as vehicle location can raise or lower auto insurance rates considerably.

The car, truck, or SUV you are insuring is a significant factor that determines the availablility of the best coverage for a school permit. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost much more to insure than more modest models.

The table below presents coverage prices for the most economical vehicles to insure in Ohio.

Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can modify coverage prices considerably.

Looking at the data, models like the Ford Escape, Honda CR-V, Chevrolet Traverse, Hyundai Tucson, and Toyota Prius will be some of the most economical vehicles to insure for a learners permit. The price for an auto insurance policy will be more costly just because there is more claim exposure for a school permit, but generally speaking those specific models will tend to have the lowest prices compared to other types of vehicles.

Cost difference between full coverage and liability

Finding the best cheap car insurance for a school permit in Ohio is the goal of most people, and one great way to lower the cost of insurance is to not insure for full coverage. The information below shows the comparison of insurance costs with liability coverage only compared to full coverage. The premiums are based on no violations or accidents, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

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If we average the cost for all age groups, physical damage insurance costs an additional $1,039 per year more than just insuring for liability. That is a big expense that brings up the question if paying for full coverage is worth it. There is no clear-cut rule to exclude comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

There are some conditions where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Careless driving habits raise Ohio insurance rates

One of the best ways to maintain the best cheap car insurance for a school permit in Ohio is to drive safe and avoid getting tickets or having accidents. The example below illustrates how violations and fender-benders increase insurance prices for different categories of driver ages. The rate quotes are based on a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

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In the prior example, the average cost of an auto insurance policy per year with no violations or accidents is $1,601. Receive one speeding ticket and the average cost hikes up to $1,804, an increase of $203 each year. Now include one accident along with the one speeding ticket and the 12-month cost of insurance for a school permit increases to an average of $2,378. That’s an increase of $777, or $65 per month, just for not being more responsible behind the wheel!

State Farm, Allstate, Progressive, or Geico: Which is best?

When researching car insurance for a learners permit in Ohio, the top insurers to get price quotes from are State Farm, Allstate, Progressive, and Geico. The table below shows ratings for price, service, and claims, in additional to some of the optional coverages that are available for policyholders.