Cheap Car Insurance Quotes for Unemployed Drivers in Ohio

It’s impossible to miss the ads from car insurance companies like Progressive, Liberty Mutual, and The General claiming the cheapest rates. So drivers should just pick one randomly, right?

It’s not quite that easy, unfortunately, as there are a ton of unknown elements like the crime level of your neighborhood, whether you are married or single, and if you have any tickets or accidents. This article goes into detail about these types of topics and should give you a jump start in finding the best auto insurance in Ohio.

Determining which companies have the lowest-priced car insurance rates for unemployed drivers involves a little more effort in order to find the best price.

Every auto insurer has their own unique process to set their prices, so to begin we’ll rank the car insurance companies that tend to be cheaper in Ohio. We do need to point out that Ohio car insurance rates are impacted by many things which can substantially change the cost of your policy. Simply having a birthday, filing a claim, or getting a few speeding tickets may cause policy rate changes resulting in some rates now being cheaper than competitors.

Compare Cheap Insurance Quotes for Job Seekers

Get a Free Quote and Save

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

In the above rates, if you currently buy coverage from Travelers and switched to Erie, you could realize savings of about $25. Policyholders with USAA may save as much as $32 a year, and Merchants Insurance Group policyholders might lower prices by up to $61 a year.

It’s important to note that these estimates are averaged across all ages of drivers and types of vehicles and are not factoring in a price discount for unemployed drivers. So the insurer that can offer you the best rate may not even be included in the above rate chart. That is why you need to get rate quotes from many companies using your own driver and vehicle profiles.

One of the more important factors used to determine the policy price is where you keep your vehicle in Ohio. Areas with more people or higher crime rates like Cleveland, Toledo, and Columbus tend to have more expensive car insurance rates, whereas less populated areas benefit from having to pay less for coverage.

The information below rates the highest-priced places in Ohio for unemployed drivers to buy auto insurance in.

Price information shown is estimated as the vehicle garaging location can influence coverage rates greatly.

The make and model of vehicle you are buying coverage for is a large consideration when comparison shopping for the best auto insurance for unemployed drivers. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models. The next list shows auto insurance premiums for a number of the most economical vehicles to insure in Ohio.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in specific zip code location which can raise or lower prices noticeably.

Based on these rates, cars like the Honda CR-V, Toyota Prius, and Ford Escape are likely to be some of the cheaper vehicles to insure for the unemployed.

Cost difference between full coverage and liability

Finding cheap auto insurance for unemployed drivers in Ohio is important to most drivers, and one of the easiest ways to reduce the cost of insurance is to only buy liability coverage. The information below illustrates the difference between auto insurance costs with full phyical damage coverage and with liability coverage only. The information is based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2501,697],[‘Age 30’, 1291,387],[‘Age 40’, 1287,359],[‘Age 50’, 1169,337],[‘Age 60’, 1127,331],[‘Age 70’, 1357,439]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},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);}

As an overall average, comp and collision coverage costs $1,455 per year over having just liability coverage. Many people question if buying full coverage is worth the expense. There is no set rule of when to drop physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after the policy deductible has been paid. If you are paying in excess of $850 a year to have full coverage, then you may want to consider only buying liability coverage.

How accidents and tickets impact rates in Ohio

The obvious way to maintain cheap auto insurance for unemployed drivers in Ohio is to pay attention while driving and avoid accidents and traffic violations. The illustration below demonstrates how citations and at-fault claims raise car insurance costs for different insured age categories. Data assumes a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 1145,1275,2479],[‘Age 30’, 797,927,2129],[‘Age 40’, 791,923,2129],[‘Age 50’, 699,829,2035],[‘Age 60’, 665,795,2001],[‘Age 70’, 717,851,2055]]);var options = {title: ‘Accidents, Violations, and Ohio 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 chart shows that the average cost of an auto insurance policy in Ohio per year with no accidents and a clean driving record is $802. Add in one speeding ticket and the average cost rises to $933, an increase of $131 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for unemployed drivers jumps again to an average of $2,138. That’s an increase of $1,336, or $111 per month, just for not keeping your driving record clean!

How to find budget-friendly car insurance for unemployed drivers

The list below details some money-saving solutions that can help Ohio drivers buy cheaper auto insurance.

• Save money by insuring your home and auto with the same company
• Maintain a safe distance and avoid accidents
• Maintain a clean driving record
• Save money by staying claim-free
• Lower rates by purchasing a safer vehicle
• If your vehicles are older, consider dropping full coverage
• Shop around for cheaper prices often

The last idea is especially crucial, as was affirmed in this article. Prices charged by companies go up and down frequently, so don’t be hesitant to buy a policy from a new company if you find a better deal. We understand brand loyalty, but we do not recommend it if that devotedness results in you overpaying a small fortune year after year. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for unemployed drivers.

Who has the cheapest insurance quotes for the unemployed?

There are many ways to get cheap car insurance quotes in Ohio, but the most preferred methods are through a non-exclusive or independent agent, an exclusive insurance agent such as Allstate or Auto-Owners, or buying direct from a company like Progressive or Geico. Each way has the same basic process, but buyers should know the differences in how they function.

Independent agencies write for multiple companies and can get policy pricing from each one. These types of agents do not work for one specific company and can provide you with more rates, which may provide you with a better chance of finding cheaper coverage. If your agent finds better pricing, the agent simply finds a different carrier which prevents you from having to find a new agency.

A captive, or exclusive, agent is able to quote prices with just one company, two examples are an Auto-Owners or State Farm agent. Exclusive agents normally do not have the ability to provide prices from multiple companies, so smart shoppers will want to get additional comparison quotes.

The third popular method of shopping for car insurance is direct, which means you skip either of the other two types of agents and instead buy buying direct from a company like Geico or Progressive. Buying direct may be preferred by consumers who have limited assets and know more than average about how car insurance works.

So which way is best to find cheap auto insurance for unemployed drivers in Ohio? We wish we could say buying direct yields the cheapest rates because there is no agent involved, but unfortunately, it’s not that cut and dried. We could also say that going through an independent agent guarantees the lowest rates since they have more companies to choose from, but that assumption is also not accurate. In some circumstances, the exclusive agents may have very competitive prices well below independent agents AND direct companies.

Because there is so much variation in car insurance prices, the best way to get the lowest rate is to do a thorough rate comparison. Take some time and get rate quotes from all three to have the best selection of rates to choose from. For a list of companies with online discounts, click here to view.