The vehicle to be insured is probably the largest consideration when consumers are trying to find economical car insurance for unemployed drivers. Vehicles with higher performance, a lack of safety features, or an increased likelihood of liability claims will cost more to insure than safer models. The table below showcases car insurance costs for a selection of the most economical vehicles to buy insurance for.
Make, Model, and Trim Level | Estimated Cost for Full Coverage |
---|---|
Honda Accord LX-P 4-Dr Sedan | $1,351 |
Dodge Grand Caravan CV | $1,386 |
Ford Escape Limited 2WD | $1,434 |
Honda CR-V EX 4WD | $1,442 |
Jeep Grand Cherokee Laredo 4WD | $1,466 |
Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,494 |
Chevrolet Impala LTZ | $1,544 |
Toyota Camry XLE | $1,551 |
Toyota Prius | $1,549 |
Honda Civic DX 4-Dr Sedan | $1,569 |
Chevrolet Equinox LTZ 2WD | $1,572 |
GMC Sierra SLT Extended Cab 2WD | $1,579 |
Volkswagen Jetta 2.0T 4-Dr Sedan | $1,572 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in garaging location in Cleveland, OH which can affect prices significantly.
Looking at the data, we can presume that cars like the Honda Accord, Dodge Grand Caravan, Ford Escape, Honda CR-V, and Jeep Grand Cherokee are going to be a few of the less-costly vehicles to insure for the unemployed.
For the unemployed, one of the more important things that are looked at to help calculate the cost of insurance is where you keep your car in Cleveland. More populated areas tend to have higher rates, whereas areas with less congestion benefit from lower coverage costs.
The next table shows the highest-priced places in Ohio for unemployed drivers to buy auto insurance in. Cleveland comes in at #1 with the yearly price of $1,259 for coverage, which is about $105 per month.
Rank | City | Annual Rate |
---|---|---|
1 | Cleveland | $1,259 |
2 | Youngstown | $1,247 |
3 | Toledo | $1,241 |
4 | Columbus | $1,235 |
5 | Cincinnati | $1,186 |
6 | Cleveland Heights | $1,178 |
7 | Akron | $1,169 |
8 | Euclid | $1,140 |
9 | Hamilton | $1,113 |
10 | Dayton | $1,108 |
11 | Springfield | $1,105 |
12 | Canton | $1,102 |
13 | Fairfield | $1,095 |
14 | Newark | $1,085 |
15 | Lakewood | $1,073 |
16 | Kettering | $1,051 |
17 | Middletown | $1,035 |
18 | Mansfield | $1,032 |
19 | Beavercreek | $1,016 |
20 | Strongsville | $1,011 |
21 | Mentor | $1,008 |
22 | Lorain | $1,005 |
23 | Cuyahoga Falls | $997 |
24 | Parma | $997 |
25 | Elyria | $975 |
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Rate quotes are approximated as specific Cleveland garaging address can revise auto insurance rates greatly.
The illustration below illustrates how your choice of deductibles can influence insurance premiums when searching for cheap insurance for unemployed drivers. The costs are based on a single female driver, full physical damage coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could pocket $214 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $324 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, can save up to $548 every year just by choosing larger deductibles. If you do decide to increase your deductibles, it is a good idea to have plenty of money set aside to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How careless driving impacts car insurance rates
A great way to earn affordable car insurance premiums in Cleveland for the unemployed is to pay attention while driving and avoid tickets and accidents. The diagram below highlights how traffic violations and at-fault collisions can affect annual premium costs for different age groups of insureds. The premiums assume a married female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Cleveland per year with a clean driving record and no accidents is $1,373. Factor in one speeding ticket and the average cost hikes up to $1,596, an increase of $223 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance for unemployed drivers jumps again to an average of $2,233. That’s an increase of $860, or $72 per month, just for not driving responsibly!
How to find cheaper auto insurance for unemployed drivers
Lowering your rates is not difficult, and here are many money-saving suggestions that can help Cleveland drivers quote cheaper auto insurance.
- Vehicles with good safety ratings have lower liability rates
- Increase your comprehensive and collision deductibles
- Buying car and homeowners insurance together can save money
- Try to not file small claims
- Good credit can help you save money
- Don’t waste money on full coverage for older vehicles
- Keep rates low by shopping around frequently
The last tip in the list is remarkably important, as we discussed in the prior article. Car insurance rates fluctuate constantly, so don’t be hesitant to change to a new company if a lower-cost policy is available.
Sticking with a specific company is fine, but it’s not recommended if that stubbornness costs you big bucks every year. Now is a great time to shop around and find cheaper car insurance for unemployed drivers in Cleveland.
If you would rather have a little guidance when buying car insurance for unemployed drivers, the professional agents shown below are a good start to help you make a decision which coverages are best.
To locate an agency closest to you, click the button after the list.
- Insurance Consultants Agency
23980 Chagrin Blvd – Cleveland, OH 44122 – (216) 766-6300 - Farmers Insurance – Earl Soroka
1621 Euclid Ave #408 – Cleveland, OH 44115 – (216) 452-0885 - Hubbard Insurance Agency
22255 Center Ridge Rd #202 – Rocky River, OH 44116 – (440) 333-4450 - Insurance Cleveland Agency, LLC
5602 State Rd – Parma, OH 44134 – (800) 701-5909