The average annual car insurance rate in Akron is $724, which is $79 lower than Ohio's state average. MoneyGeek analyzed the annual rates from various insurers and rated them based on coverage level and driver profile. The cheapest insurer in this city is GEICO, with an average rate of $491. For those looking for quality and affordability, MoneyGeek recommends the best companies in Akron.
Compare the Cheapest Car Insurance Quotes in Akron, OH
The Cheapest and Best Car Insurance in Akron
The Cheapest Car Insurance Companies in Akron
For a full coverage insurance policy, the following two companies offer the cheapest average annual rates:
- GEICO: $491 yearly
- USAA: $526 yearly (only serving current and former military members)
To evaluate the quotes, MoneyGeek used a sample driver profile: a 40-year-old male driver with a full coverage policy, including liability insurance and comprehensive and collision coverage.
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Average Cost of Car Insurance in Akron
On average car insurance in Akron costs $724 per year. That is lower than both the Ohio and national average annual premiums. Akron drivers pay 9.8% less than the typical annual cost of auto insurance in Ohio, which is $803, and 49.2% less than the $1,424 average yearly premium in the United States.
The Best Car Insurance Companies in Akron
MoneyGeek's ranking of Akron insurers can help drivers get affordable rates with high-quality service. Our exclusive scoring system placed the following two companies on top:
- Erie: MoneyGeek score of 95 out of 100
- Hartford: MoneyGeek score of 88 out of 100
USAA received the highest score in Akron by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To obtain the scores out of 100, MoneyGeek used various factors, including J.D. Power's user satisfaction, affordability and financial stability ratings.
Personalized Quotes to Get You the Cheapest Car Insurance in Akron
Car insurance companies in Akron consider various factors to determine how much a policy will cost. They assess individualized factors, such as age, ZIP code, driving history, credit score, coverage level and vehicle make and model. Getting personalized quotes from different carriers can help a driver find possible discounts and rebates. Comparing quotes can also help determine which company offers the best car insurance in Akron for your needs.
Shopping around for car insurance in Akron could save you $233, which is enough to buy:
Cheapest Car Insurance in Akron by Coverage Amount
Regardless of where you live and which company you choose, the amount of coverage you purchase will affect your insurance rates. A car insurance policy meeting only the state minimum (liability-only) requirements costs an average of $440 yearly in Akron, while a full coverage policy with higher liability limits costs about $284 more, at an average of $724.
Ohio Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
An insurance policy’s limits and coverage level also determine how much it will cost. The cheapest car insurance will depend on the policy’s inclusions. The minimum coverage in the state is 25/50/25. That means an Akron driver should have coverage with at least $25,000 for bodily injuries per person, $50,000 for bodily injuries per accident and $25,000 for property damage liability per accident.
Car insurance companies in Akron also offer 50/100/50 liability-only or full-coverage policies, as well as 100/300/100 full coverage. For example, a GEICO policyholder with 50/100/50 liability-only coverage pays an average of $319 per year in Akron. Adding $137 will upgrade this policy to 50/100/50 full coverage. For more comprehensive coverage, GEICO’s 100/300/100 full-coverage plan typically costs $491.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Akron if You Have Driving Violations
Drivers with clean driving history often get more affordable premiums than those with moving violations. For instance, an Erie policyholder in Akron with a clean record typically pays $583 per year. Having a speeding ticket adds around $25, while a DUI adds $322 on average. Meanwhile, an at-fault accident will bump up that rate by roughly $173.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
ZIP code also affects auto insurance premiums in Akron due to factors like the number of accidents and uninsured drivers in the area, as well as car theft rates. The average yearly premium in ZIP code 44312 is $706, which is $36 lower than the typical annual rate in the 44313 neighborhood.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Akron
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Akron. How Akron ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Akron are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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