MoneyGeek developed the Ohio Car Insurance Calculator as a quick way to estimate your potential annual costs for both liability and full coverage car insurance in Ohio. MoneyGeek performed analysis on major insurers to identify key factors influencing car insurance rates in Ohio, such as coverage options, driver profiles and vehicle type among others.
State Farm and Erie offer liability-only coverage at less than $100 monthly on average. But which car insurer best meets your needs and budget varies, so it is always advisable to shop around and receive quotes from at least three providers prior to making a decision.
Insurers employ various approaches when calculating car insurance premiums. A good credit score often serves as an indicator of low risk to insurers, prompting lower premiums. Conversely, poor credit often indicates high-risk activities for which higher premiums should be charged. Each insurer also uses its own criteria when calculating premiums; it’s wise to compare multiple quotes before selecting one as this can ensure you obtain the most affordable coverage rate possible.
Age can have a substantial impact on car insurance rates in Ohio. Teen drivers, for instance, typically pay more due to limited driving experience and add-on drivers typically increase rates 3.1x on average; therefore it would be wise for young drivers to purchase full coverage policies as an alternative to only meeting state minimum requirements.
As drivers age, their car insurance costs tend to decrease substantially. Ohio drivers should strongly consider comprehensive and collision coverage to protect against damage from accidents, theft or weather incidents; this may cost more than state minimum coverage requirements though.
USAA, GEICO and Progressive are among the many insurers who provide affordable liability-only and full coverage policies in Ohio for drivers with clean records. Conversely, insurers often reflect bad driving records through premium increases – particularly those offering high-risk SR-22 coverage; according to ValuePenguin a bad record could increase rates up to 300%!
There are ways to boost one’s driving record and qualify for better rates, including taking an approved defensive driver course or becoming an excellent student. Both actions could save up to 35% off Ohio car insurance premiums! A DUI conviction will almost always increase car insurance premiums significantly so if any marks appear on your record it’s important that you consult an attorney – they may help.