Establishing which insurers offer the cheapest auto insurance rates for veterans involves a tad more effort than just picking a company at random. Each insurer has a proprietary formula for setting rates, so let’s rank the most budget-friendly auto insurance companies in Cleveland, OH.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Erie | $667 |
| 3 | Allied | $676 |
| 4 | Frankenmuth | $687 |
| 5 | Travelers | $733 |
| 6 | USAA | $741 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $755 |
| 9 | Motorists Mutual | $792 |
| 10 | General Casualty | $813 |
| 11 | Grange Mutual | $836 |
| 12 | Central Mutual | $840 |
| 13 | Hastings Mutual | $858 |
| 14 | State Farm | $894 |
| 15 | Atlantic States | $913 |
| 16 | Westfield | $936 |
| 17 | Progressive | $953 |
| 18 | Auto-Owners | $968 |
| 19 | Western Reserve | $970 |
| 20 | Nationwide | $988 |
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Utica National offers some of the cheapest car insurance rates in Cleveland at around $635 annually. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the lowest-priced Cleveland, OH auto insurance companies.
As the rates illustrate above, if you are a policyholder with Allied and switched to Utica National, you might see a yearly price reduction of approximately $41. Drivers with Frankenmuth might save as much as $52 a year, and Travelers insureds might cut rates by $98 a year.
To find out how much you can save, click here to begin a quote or visit any of the low-priced companies below.
Understand that those estimates are averaged across all drivers and vehicles and are not factoring in a specific location for veterans. So the company that is best for you may not even be in the top 33 companies shown above. That illustrates why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The make and model of vehicle to be insured is probably the largest consideration when shopping for the cheapest car insurance for veterans. Vehicles with average performance, a plethora of safety features, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.
The next list ranks insurance costs for some of the more affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Jeep Wrangler Sport 4WD 2-Dr | $1,386 |
| Honda Accord EX 4-Dr Sedan | $1,466 |
| Honda CR-V EX-L 2WD | $1,500 |
| Ford Escape Limited 2WD | $1,555 |
| Chevrolet Impala LS | $1,558 |
| Honda Odyssey EX W/Rear Entertainment | $1,563 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,571 |
| Toyota Camry LE | $1,589 |
| Toyota Prius | $1,628 |
| Ford F-150 XLT Super Cab 2WD | $1,644 |
| Hyundai Elantra SE 4-Dr Sedan | $1,675 |
| Nissan Rogue S 2WD | $1,699 |
| Toyota Corolla XRS | $1,704 |
| Ford F-350 XL Crew Cab 2WD | $1,735 |
| Toyota RAV4 Limited 4WD | $1,738 |
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Table data does not factor in specific Cleveland, OH garaging location which can decrease or increase rates considerably.
Looking at the numbers, cars like the Jeep Wrangler, Honda Accord, Honda CR-V, and Ford Escape are going to be the most affordable vehicles to insure for veterans.
For veterans, one of the largest criteria that are looked at to determine insurance cost is where you keep your car in Cleveland. Larger areas tend to have higher rates, whereas areas that tend to be more rural benefit from lower prices.
The information below ranks the most expensive places in Ohio for veterans in which to buy car insurance. Cleveland shows up at #4 with a yearly premium of $1,222 for coverage, which is about $102 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Columbus | $1,247 |
| 2 | Youngstown | $1,247 |
| 3 | Toledo | $1,241 |
| 4 | Cleveland | $1,222 |
| 5 | Cleveland Heights | $1,214 |
| 6 | Cincinnati | $1,210 |
| 7 | Euclid | $1,175 |
| 8 | Akron | $1,157 |
| 9 | Dayton | $1,154 |
| 10 | Hamilton | $1,135 |
| 11 | Newark | $1,095 |
| 12 | Canton | $1,091 |
| 13 | Springfield | $1,072 |
| 14 | Fairfield | $1,063 |
| 15 | Lakewood | $1,063 |
| 16 | Beavercreek | $1,047 |
| 17 | Cuyahoga Falls | $1,037 |
| 18 | Mansfield | $1,032 |
| 19 | Strongsville | $1,031 |
| 20 | Parma | $1,027 |
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Table data uses estimated as the specific Cleveland residence address can influence premiums greatly.
Types of discounts on Cleveland auto insurance rates
Auto insurance companies that provide policies for veterans may have rate discounts that can lower rates by as much as 35% or more if you meet certain criteria. A few of the larger companies and some of the premium reductions they offer are:
- Farmers Insurance offers premium reductions for distant student, youthful driver, alternative fuel, bundle discounts, early shopping, and good student.
- Esurance has discounts for Pac-12 alumni, renters, homeowner, multi-car, and claim free.
- State Farm policyholders can earn discounts including good student, student away at school, safe vehicle, good driver, and anti-theft.
- GEICO may have discounts that include multi-policy, multi-vehicle, anti-theft, military active duty, and emergency military deployment.
- Allstate offers discounts including premier discount, auto/life discount, passive restraint, utility vehicle, anti-lock brakes, and EZ pay plan discount.
The chart below illustrates the difference between car insurance costs with and without policy discounts. The costs are based on a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with marriage, anti-theft, defensive driving course, homeowner, accident-free, and claim-free discounts applied. When drivers take advantage of discounts, theamount saved on auto insurance for veterans is 27% or $312.
The example below shows how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for veterans. The data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.
A 50-year-old driver could save $184 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $280 by using a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices $458 annually by using higher deductibles when buying full coverage.
If you do raise deductibles, it will be required to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
What aren’t you shopping around?
Ohio auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of coverage. Simply getting older, buying higher coverage limits, or getting a reckless driving citation can produce rate changes resulting in some companies being more affordable than competitors. Not only may your situation change, but insurers change prices without warning in order to maintain liquidity for claims. Higher than normal claims may result in more expensive prices, while better underwriting can produce more affordable Cleveland car insurance rates.
As an example, the chart below shows the company with the cheapest car insurance in Cleveland, OH for a 30-year-old female driver with no violations or accidents, and excellent credit. When quoting prices based on her personal risk profile, Utica National offers the best car insurance rates in Cleveland at $853 each year. This is $187 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers are also included in the cheapest Cleveland, OH auto insurance companies.
The next chart shows rates after we give the driver from above an accident surcharge, a lower credit rating, and a stop sign violation. Since every insurance provider has a unique formula for determining rates, comparing quotes could result in a new list of affordable companies as shown below.
Cincinnati Insurance now has the best price on car insurance in Cleveland, OH with Merchants Insurance Group, Motorists Mutual, Grange Mutual, and General Casualty now rounding out the top five. This example proves why it is crucial to take the time to shop around when trying to get affordable car insurance rates for veterans.
Car insurance prices are determined by many things and can change substantially, so the best company three years ago may now be one of the higher cost companies.