Cheapest and Best Car Insurance in Akron, OH (June 2024)

Nationwide offers the most affordable full and minimum coverage policies in Akron, Ohio, while Travelers is the cheapest for families with teens. For best customer service, Cincinnati Insurance stands apart, whereas American Family is rated best overall. The best policy for you depends on your personal coverage preferences and needs.

MoneyGeek found that the following companies offer the cheapest car insurance in Akron:

• Nationwide: $262 per year
• Auto-Owners: $277 per year

Allstate is the most expensive option in Akron, with a premium of $696 annually. This stark contrast — a difference of $434 — highlights the significance of shopping around to find the best deal on car insurance.

Across all cities in Ohio, from Akron to Zanesville, state law sets the minimum car insurance coverage required. Here are the essentials:

• $25,000 bodily injury per person
  
• $50,000 bodily injury per accident
  
• $25,000 property damage liability per accident
  

Imagine you're at fault in an accident, and the other driver's injuries cost $30,000. Your minimum coverage policy covers $25,000 for bodily injury per person. Anything above that — here, the additional $5,000 — you'd be responsible for out of pocket. If there are multiple injuries, and the total is $60,000, while your policy covers up to $50,000 per accident, you'd still have to cover the remaining $10,000 yourself. These minimum coverages are just part and parcel of Ohio's driving laws.

MoneyGeek found the best options in Akron for drivers seeking the cheapest full coverage car insurance:

• Nationwide: $489 per year
• American Family: $530 per year

Allstate offers the most expensive full coverage policy in Akron, at $1,155 annually, highlighting a difference of $666 when compared to Nationwide. This significant price variance underscores the value of comparing quotes for full coverage policies, which are pricier than minimum coverage due to their comprehensive protection against a wide array of road mishaps.

A full coverage policy in Akron includes $100,000 bodily injury liability coverage per individual, $300,000 bodily injury liability per event and $100,000 property damage liability coverage for each accident. In industry terms, this is often referred to as a 100/300/100 plan.

Full coverage policies, as opposed to basic liability ones, include additional protections:

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

For individuals with new vehicles, opting for full coverage insurance is a wise choice to protect your substantial investment. On the other hand, if your car is older, the costs associated with this higher level of coverage might not present a reasonable value, considering the potential drop in your vehicle's value.

In deciding how much car insurance you need, it's essential to strike a balance between more expensive premiums for greater coverage and the risk of insufficient coverage which could leave you financially vulnerable.

MoneyGeek found the cheapest option in Akron for drivers with a poor driving record and full coverage policy, varying by offense type. Here are the most affordable companies following different infractions:

• Speeding Ticket: Nationwide ($621 per year)
• At-Fault Accident: American Family ($691 per year)
• DUI: American Family ($665 per year)

Among the providers listed, the most expensive insurers are Allstate for drivers with speeding tickets ($1,470), Progressive for those with at-fault accidents ($1,976) and Westfield for those with DUI on their records ($2,878).

In cities like Akron, insurance premiums are often higher for drivers with offenses due to the increased risk they pose to insurers. In Akron, for instance, individuals with a speeding ticket could see an average annual insurance rate of approximately $1,440, whereas those with a DUI may face rates around $2,125. Given these variations, it becomes essential for drivers with infractions to diligently shop around for insurance rates to guarantee they obtain the most affordable coverage available.

MoneyGeek found that Nationwide offers the most affordable full coverage car insurance for teens in Akron.

• Nationwide: $982 per year for female teens and $1,144 per year for male teens
• Travelers: $1,878 per year for female teens and $2,109 per year for male teens

These rates provide a comparison for a policy covering a combination of two parents and a teen driver. State Farm is the most expensive option for teen family policies in Akron, with annual rates of $11,237 for female teens and a staggering $14,382 for male teens. This stark difference, amounting to thousands of dollars, underscores the necessity of comparing quotes to find the best deal for your family, considering teen drivers are often categorized as high-risk.

In Akron and surrounding cities, teenage drivers see substantial differences in car insurance rates, with the average individual annual premium for a teen at $6,315 compared to an affordable $3,628 when added to a family policy. This stark contrast in prices is attributed to the increased risk insurers associate with independent teen policies, which often results in high premiums and makes approval challenging. Due to the lack of driving experience and higher statistical likelihood of filing a claim, teens benefit financially from remaining on a family plan.

MoneyGeek found that the following companies offer the cheapest car insurance for those with military backgrounds in Akron:

• Nationwide: $489 per year
• American Family: $530 per year

USAA ranks third with an annual rate of $680. Although its rates are higher than the competitors listed, USAA is known for its outstanding service that is specifically tailored to meet the needs of active-duty military members.

Finding the most affordable car insurance rates in Akron can be essential for your budget, but the process often involves dedicating at least 15 minutes of research to each prospective company. For a thorough comparison of three or more providers, you might invest over an hour. However, MoneyGeek's car insurance calculator streamlines this task, offering instant savings by concentrating on key determinants of car insurance costs in Akron. Simply input your age, driving history, credit score, desired coverage level, among other details, to receive an expedited rate estimate.

Choosing the right auto insurance hinges on your valuation of service quality, cost, coverage and other personal factors. MoneyGeek employs distinct scoring systems for various categories to help you pick the best fit in Akron.

• Best overall: American Family (MoneyGeek score 84 out of 100)
• Best for service: Cincinnati Insurance (MoneyGeek score 83 out of 100)
• Best cheap: American Family (MoneyGeek score 85 out of 100)

American Family is Akron's premier choice for both overall value and affordability, offering a balanced mix of service and cost-effectiveness. On the other hand, Cincinnati Insurance is distinguished for delivering superior service, ideal for those prioritizing customer experience above all else.

According to MoneyGeek's study, the following companies offer the overall best car insurance in Akron:

• American Family: MoneyGeek score of 84 out of 100 ($530 per year)
• Erie: MoneyGeek score of 76 out of 100 ($791 per year)

American Family distinguishes itself as the leading provider mainly due to its high satisfaction and affordability scores, which are evident contributors to its impressive MoneyGeek rating.

MoneyGeek found the best options in Akron for top-notch customer service in car insurance:

• Cincinnati Insurance: MoneyGeek score of 83 out of 100 ($951 per year)
• Westfield: MoneyGeek score of 82 out of 100 ($1,058 per year)

Cincinnati Insurance earned a high MoneyGeek score for its strong performance in customer satisfaction and the efficiency of its claims process. These factors are important for consumers looking for reliable car insurance.

MoneyGeek found the best options for affordable car insurance in Akron:

• American Family: MoneyGeek score of 85 out of 100 ($290 per year)
• Auto-Owners: MoneyGeek score of 83 out of 100 ($277 per year)

American Family earned an outstanding customer satisfaction score, which greatly impacts its overall MoneyGeek rating. Additionally, the score reflects its competitive pricing for minimum coverage policies.

In Akron, Ohio, the average annual cost of car insurance is $864, which is notably less than the Ohio state average of $894. Ohio's average of $894 is lower than the national average car insurance cost of $1,720, revealing a state difference of $825.

Car insurance premiums are determined by a wide range of factors, one of which is the driver's location. Location matters because it affects the likelihood of accidents, thefts and claims, which are typically higher in densely populated cities. In comparing cities within Ohio, Akron is at the lower end with an average premium of $864, while Cincinnati holds the position as the most expensive city at $980.