Who Has Affordable Cleveland Auto Insurance for Inexperienced Drivers?

The words “low-cost” and “auto insurance” really shouldn’t be used together, especially when you are shopping around for the best coverage prices for inexperienced drivers. To save some money, let’s take a look at some of the factors that influence insurance premiums, and find out if you can shave a little off the next policy you buy.

Trying to find affordable insurance is challenging, and deciding which insurers offer the lowest-priced car insurance rates for inexperienced drivers may require even more shopping around.

Each insurer has their own process to determine rates, so we’ll take a look at the overall cheapest car insurance companies in Ohio. It’s important to understand that Ohio car insurance rates are impacted by many factors which can substantially change the price of your policy. Things like having a birthday, having a teenage driver, or having an at-fault accident may cause policy rate changes resulting in some rates now being way too expensive in comparison to the competition.

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Ohio auto insurance company rankings
Rank Company Cost Per Year
1 Utica National $654
2 Erie $661
3 Allied $676
4 Frankenmuth $680
5 Travelers $705
6 USAA $719
7 Cincinnati Insurance $756
8 Merchants Insurance Group $771
9 General Casualty $813
10 Motorists Mutual $816
11 Grange Mutual $836
12 Central Mutual $840
13 State Farm $867
14 Hastings Mutual $893
15 Westfield $908
16 Atlantic States $913
17 Western Reserve $932
18 Progressive $953
19 Auto-Owners $958
20 Nationwide $988
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Utica National quotes some of the best car insurance rates in Cleveland at around $654 each year. This is $386 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the cheapest Cleveland, OH auto insurance companies.

As shown above, if you are currently insured with Frankenmuth and switched to Erie, you might see annual savings of in the vicinity of $19. Customers with Travelers might save as much as $44 a year, and USAA policyholders might lower prices by $58 a year.

If you want to find out if you’re overpaying, click here or visit several of the following companies.

Be aware that those policy prices are averaged across all insureds and vehicles and do not factor in a specific vehicle garaging location for inexperienced drivers. So the car insurance company that can offer you the best price may not even be in the top 33 companies shown above. That points out the importance of why you need to compare rates from multiple companies using your own driver and vehicle profiles.

One of the many criteria that determine insurance cost is the neighborhood you call home in Cleveland. More densely populated places will most likely have higher rates, whereas more rural areas benefit from lower coverage costs.

The table below rates the priciest cities in Ohio for inexperienced drivers to purchase a policy in. Cleveland comes in at #2 costing $1,259 for the average insurance policy, which is approximately $105 each month.

How much does car insurance cost in Cleveland, OH?
Rank City Annual Premium
1 Youngstown $1,285
2 Cleveland $1,259
3 Toledo $1,229
4 Cleveland Heights $1,214
5 Columbus $1,211
6 Cincinnati $1,174
7 Dayton $1,154
8 Euclid $1,140
9 Akron $1,135
10 Hamilton $1,135
11 Springfield $1,094
12 Canton $1,091
13 Newark $1,085
14 Fairfield $1,053
15 Kettering $1,051
16 Beavercreek $1,047
17 Lakewood $1,041
18 Middletown $1,035
19 Strongsville $1,031
20 Parma $1,027
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Table data uses comparative as the specific area where the vehicle is garaged can decrease or increase coverage rates noticeably.

Full coverage rates vs. liability-only

Paying a lower price for car insurance is the goal of most drivers, and one of the best ways to save on the cost of insurance for inexperienced drivers is to only pay for liability coverage. The information below illustrates the comparison of car insurance costs with full coverage and liability only. Data assumes no claims, a clean driving record, $250 deductibles, single status, and no policy discounts are applied.

If averaged out across all ages, full coverage costs $1,601 per year more than buying just liability insurance. Many people question if buying full coverage is worth the expense. There is no set guideline to stop buying full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

The information below highlights how deductible choice can increase or decrease annual premium costs when researching cheap insurance for inexperienced drivers. The rates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.

As shown above, a 30-year-old driver could lower rates by $280 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $420 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could reduce their rates up to $624 or more just by using higher deductibles.

If you do make the decision to raise your deductibles, it is necessary to have spare funds to pay the extra out-of-pocket expense that is associated with using high deductibles.

Why you should be shopping around

Ohio car insurance rates are calculated based on many things that will increase or decrease the price you have to pay for coverage. Improving your credit score, having a teen driver, or getting a ticket for careless driving can trigger price changes that may make certain companies cheaper in comparison to the competition.

Additionally, insurers change their prices without warning in order to protect their financial rating. Higher than normal claims may result in higher priced premiums, while less frequent claims can result in cheaper Cleveland car insurance rates.

To illustrate this point, the bar chart below shows the cheapest car insurance in Cleveland, OH for a 45-year-old female driver with no prior accidents, a clean driving record, and solid credit. If we look at prices based on her current situation, Utica National might offer the cheapest car insurance rates in Cleveland at $837 annually. This is $203 less than the average rate paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and USAA are the remaining cheapest Cleveland, OH auto insurance companies.

In this example, we will give the driver from the first rate comparison a couple of claims, slightly worse credit, and a traffic citation. Since each insurance company has a different formula for filing rates in each state, comparing insurance quotes may now show a different ranking of affordable companies as shown below.

Merchants Insurance Group now has the best price in Cleveland with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty also having competitive pricing. This example proves why it is crucial to perform a complete rate comparison to get cheap insurance rates for inexperienced drivers.

Insurance rates are determined by many things and change substantially, so the cheapest rate a year ago may now be costing you a lot of money.

If you like to have some advice when comparing insurance rates for inexperienced drivers, the agents below are a good start to aid you in deciding which is the best policy. To find a Cleveland insurance agent closest to you, click the link at the bottom or click here to compare price quotes now.

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