The words “economical” and “insurance” really don’t belong together, specifically when you are looking for the cheapest car insurance for teachers. Because it’s not cheap, let’s familiarize you with some of the things that help determine insurance prices, and figure out some ways to cut the cost of your next policy.
The type of vehicle on the policy is one of the largest considerations that determines whether or not you find cheap car insurance for teachers. Vehicles with reasonable performance levels, a plethora of safety features, or a positive history of liability claims will cost much less to insure than higher performance models.
The next table features auto insurance premiums for a number of the most economical automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,357 |
| Toyota Tacoma 4WD | $1,387 |
| Ford Escape XLT 4WD | $1,389 |
| Ford F-150 XL Regular Cab 2WD | $1,457 |
| Chevrolet Equinox LS 2WD | $1,467 |
| Toyota RAV4 Sport 2WD | $1,472 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,485 |
| Toyota Camry SE | $1,545 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,553 |
| Toyota Prius | $1,550 |
| Ford Edge Limited 2WD | $1,572 |
| GMC Sierra SLE Crew Cab 4WD | $1,577 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,572 |
| Find Cheaper Rates Go | |
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 multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can decrease or increase rates substantially.
Based on these rates, you can figure that makes and models like the Honda CR-V, Toyota Tacoma, and Ford Escape are most likely going to be some of the cheaper vehicles to insure for teachers and educators.
Determining which companies quote the best auto insurance rates for teachers will involve more work than just quoting one company’s rates. Each insurer has a proprietary formula to determine rates, so let’s rank the overall cheapest auto insurance companies in Ohio.
It’s important to understand that Cleveland auto insurance rates are impacted by many things which can substantially change the price of your policy. Simply having another birthday, buying a new vehicle, or having a fender bender may generate price changes resulting in some companies being more affordable than before.
Best Cheap Insurance Rates for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Erie | $667 |
| 3 | Allied | $676 |
| 4 | Frankenmuth | $680 |
| 5 | USAA | $711 |
| 6 | Travelers | $712 |
| 7 | Merchants Insurance Group | $748 |
| 8 | Cincinnati Insurance | $756 |
| 9 | Grange Mutual | $812 |
| 10 | Motorists Mutual | $816 |
| 11 | General Casualty | $829 |
| 12 | State Farm | $858 |
| 13 | Central Mutual | $866 |
| 14 | Hastings Mutual | $884 |
| 15 | Westfield | $936 |
| 16 | Atlantic States | $940 |
| 17 | Western Reserve | $941 |
| 18 | Progressive | $982 |
| 19 | Auto-Owners | $988 |
| 20 | Farmers | $995 |
| Find Your Rate Go | ||
Utica National generally has some of the cheapest car insurance rates in Cleveland at around $654 annually. This is $386 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA are also some of the cheaper Cleveland, OH insurance companies.
In the above rates, if you currently have a policy with USAA and switched to Erie, you might achieve a yearly price reduction of in the neighborhood of $44. Insureds with Travelers might save as much as $45 a year, and Merchants Insurance Group customers might lower prices by $81 a year.
These premiums are averages for all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for teachers. So the auto insurance company that can offer the best rates for your situation may not even be in the top 33 companies in the list above. That emphasizes why you need to get rate quotes using your own specific driver information and vehicle.
One of the more important considerations that are looked at to help calculate the price you pay for insurance is where you normally keep your vehicle. More populated areas likely pay more, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The information below lists the most expensive areas in Ohio for teachers to buy auto insurance in. Cleveland comes in at #2 costing $1,235 on average, which is around $103 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Cleveland | $1,235 |
| 3 | Youngstown | $1,235 |
| 4 | Columbus | $1,211 |
| 5 | Cleveland Heights | $1,202 |
| 6 | Cincinnati | $1,186 |
| 7 | Dayton | $1,142 |
| 8 | Euclid | $1,140 |
| 9 | Hamilton | $1,135 |
| 10 | Akron | $1,123 |
| 11 | Fairfield | $1,095 |
| 12 | Springfield | $1,072 |
| 13 | Lakewood | $1,063 |
| 14 | Newark | $1,063 |
| 15 | Canton | $1,058 |
| 16 | Middletown | $1,055 |
| 17 | Strongsville | $1,031 |
| 18 | Beavercreek | $1,027 |
| 19 | Lorain | $1,015 |
| 20 | Kettering | $1,009 |
| 21 | Cuyahoga Falls | $1,007 |
| 22 | Parma | $997 |
| 23 | Mansfield | $992 |
| 24 | Mentor | $988 |
| 25 | Elyria | $975 |
| Find Cheaper Insurance Go | ||
Rate information is estimated as the specific garaging location can decrease or increase prices greatly.
The information below demonstrates how choosing different deductibles can raise or lower premium costs when quoting cheap insurance for teachers. The premium estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower their policy premium by $210 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $316 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old category, could possibly save up to $516 or even more by choosing larger deductibles on their policy. When using a larger deductible, it is essential to have enough spare savings to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Finding the best auto insurance company is hard considering how many choices drivers have in Cleveland. The ranking information in the next section may help you analyze which car insurance providers to look at purchasing coverage from. The rankings below are only made up of the largest companies in America, so smaller companies are not factored into these rankings.
Top 10 Large Auto Insurance Companies Overall in Cleveland
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Last year’s bargain might be this year’s rip off
Cleveland, OH auto insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Turning one year older, buying a different home, or getting a driving violation may prompt premium changes that can now make some companies more affordable than before. Not only that, but auto insurance companies change prices without warning as an adjustment for underwriting gains or losses. A period of increased losses may cause increased policy costs, while lower claim expenses may cause cheaper Cleveland car insurance rates.
The data below shows the cheapest car insurance in Cleveland, OH for a 30-year-old male driver with a good driving record, no prior claims, and excellent credit. If we estimate rates based on his current risk profile, Utica National may offer the cheapest car insurance rates in Cleveland at $796 each year. This is $244 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA also make the list of the top five cheapest Cleveland, OH auto insurance companies.
The example below compares rates after we give the driver in the first chart a claim surcharge, a little lower credit rating, and a couple of points charged on his driving record. Since each auto insurance company has a different formula for setting rates, comparing quotes may now show a completely different list of the cheapest Cleveland car insurance companies as shown below.
Cincinnati Insurance now has the best auto insurance rate in Cleveland, OH with Merchants Insurance Group, Motorists Mutual, General Casualty, and Grange Mutual also being competitive. This demonstrates why it is critical to compare many different companies when trying to get cheap auto insurance quotes for teachers. Car insurance prices are determined by many factors and can decrease or increase without notice, so the best option when you bought your policy may now be priced much higher than other options.
Ideas to find more affordable auto insurance for teachers
Lowering your rates is not difficult, and here are many thrifty suggestions that can help Cleveland drivers locate lower-cost coverage.
- Violations and traffic tickets increase rates
- Prevent price hikes by avoiding at-fault accidents
- Drive a car with a high safety rating
- Good credit scores may make rates cheaper
- Assess whether full coverage is needed
- Increase the comprehensive and collision deductibles on your policy
- Keep rates low by comparing prices once a year
That last tip is very critical, as we emphasized in the prior information. Car insurance prices can be modified anytime, so drivers shouldn’t be resistant to switch carriers if a more affordable price is available. Loyalty to a specific company is fine, but it’s not a great idea if that loyalty results in overpaying a small fortune. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for teachers in Cleveland.