One of the more important considerations that are looked at to determine the amount you pay for auto insurance is where you call home in Cleveland. Areas with high crime rates or more dense population tend to pay more, whereas areas with less crime or weather claims have the luxury of lower rates.
The following table ranks the highest-priced places in Ohio in which to buy car insurance. Cleveland is ranked #3 with an annual cost of $1,235 for the average policyholder, which is approximately $103 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Youngstown | $1,247 |
| 3 | Cleveland | $1,235 |
| 4 | Columbus | $1,211 |
| 5 | Cincinnati | $1,210 |
| 6 | Cleveland Heights | $1,202 |
| 7 | Euclid | $1,164 |
| 8 | Hamilton | $1,135 |
| 9 | Akron | $1,135 |
| 10 | Dayton | $1,108 |
| 11 | Springfield | $1,105 |
| 12 | Newark | $1,095 |
| 13 | Lakewood | $1,063 |
| 14 | Canton | $1,058 |
| 15 | Fairfield | $1,053 |
| 16 | Beavercreek | $1,047 |
| 17 | Strongsville | $1,041 |
| 18 | Middletown | $1,035 |
| 19 | Parma | $1,027 |
| 20 | Mansfield | $1,022 |
| 21 | Kettering | $1,020 |
| 22 | Cuyahoga Falls | $1,007 |
| 23 | Mentor | $988 |
| 24 | Elyria | $975 |
| 25 | Lorain | $975 |
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Premium costs are comparative as vehicle location can raise or lower premium rates substantially.
Having seen where Cleveland ranks on price, establishing which insurers offer the most affordable insurance rates in Cleveland will take a little more effort in order to find the best price. Each insurance company has a different formula to establish rates, so let’s take a look at the overall cheapest insurance companies in Cleveland.
It’s important to understand that Cleveland insurance rates are determined by lots of factors which can substantially decrease or increase the price of coverage. Simply getting older, moving across town, or getting a reckless driving citation can trigger changes in premium that can now make some companies more affordable than others.
Find the Best Cheap Insurance in Cleveland
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $635 |
| 2 | Allied | $669 |
| 3 | Erie | $681 |
| 4 | Frankenmuth | $701 |
| 5 | USAA | $719 |
| 6 | Travelers | $726 |
| 7 | Merchants Insurance Group | $755 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Grange Mutual | $804 |
| 10 | General Casualty | $813 |
| 11 | Motorists Mutual | $816 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $858 |
| 14 | Hastings Mutual | $866 |
| 15 | Westfield | $918 |
| 16 | Atlantic States | $931 |
| 17 | Western Reserve | $941 |
| 18 | Nationwide | $988 |
| 19 | Auto-Owners | $988 |
| 20 | Progressive | $991 |
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Utica National quotes some of the cheapest car insurance rates in Cleveland at around $635 each year. This is $405 less than the average rate paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and USAA would also make the list of some of the cheapest Cleveland, OH auto insurance companies.
As shown in the table above, if you currently buy coverage from Erie and switched to Utica National, you might achieve an annual premium reduction of upwards of $46. Policyholders with Frankenmuth could save as much as $66 a year, and USAA insureds might lower prices by $84 a year.
Bear in mind that those premiums are averaged for all insureds and vehicles and and are not calculated with an exact zip code location in Cleveland. So the insurer that is most affordable for your situation may not even be in the top 33 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
The type of vehicle you are buying coverage for is one of the biggest factors that determines whether or not you find the cheapest insurance in Cleveland. Vehicles with lower acceleration and performance, good safety features, or a positive history of liability claims will cost less to insure than high performance models. The next list outlines coverage prices for the cheaper automobiles to insure in Ohio.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,246 |
| Ford Escape Limited 4WD | $1,350 |
| Honda Accord EX 4-Dr Sedan | $1,426 |
| Toyota RAV4 Limited 4WD | $1,474 |
| Toyota Camry LE | $1,482 |
| Toyota Tacoma Double Cab 4WD | $1,502 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,550 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,578 |
| GMC Sierra SL Crew Cab 2WD | $1,584 |
| Nissan Rogue S AWD | $1,580 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,606 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $1,654 |
| Ford Edge Limited 2WD | $1,660 |
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in your specific Cleveland, OH location which can modify prices greatly.
Looking at the data, cars like the Honda CR-V, Ford Escape, Honda Accord, Toyota RAV4, and Toyota Camry will definitely be a few of the most budget-friendly vehicles to insure for drivers in Cleveland.
The information below demonstrates how deductible levels can influence insurance costs when getting quotes for cheap insurance in Cleveland. The premium estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could lower their policy premium by $216 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $324 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 category, could drop their prices $718 every year just by choosing higher deductibles.
If you make the decision to raise deductibles, it will be important to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.