Car insurance in Cincinnati costs an average of $792 annually, which is cheaper than the state average. The cheapest widely available insurer is GEICO, with an average rate of $576 annually. MoneyGeek analyzed the cheapest options for different driver histories and coverage levels. For drivers who want to balance costs and service, MoneyGeek also ranked the best insurers in Cincinnati.
bestauto insuranceCincinnati2021The Cheapest and Best Car Insurance in Cincinnati
The Cheapest Car Insurance Companies in Cincinnati
The companies in Cincinnati with the cheapest average rates for a full coverage policy are:
- USAA: $508 per year (available only to current and former military)
- GEICO: $576 per year
Most drivers will find that GEICO offers the most affordable car insurance in Cincinnati at $576 per year. The most expensive company, Esurance, charges nearly double the annual price at $1,004. Most car insurance companies in Cincinnati, however, fall slightly above or below the city’s average rate.
Regardless of the average price of policies per company, it’s always important to consider individual factors. Know that each company will build a customized profile to determine how much you will pay.
To facilitate this study, MoneyGeek collected average car insurance rates in Cincinnati for a sample 40-year-old male driver with a full coverage policy. This includes both liability insurance and comprehensive and collision coverage.
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- CompanyAmountper year
- 1.$508
- 2.$576
- 3.$594
- 4.$656
- 5.$687
Average Cost of Car Insurance in Cincinnati
Cincinnati$792
Ohio$803
U.S.$1,424
As mentioned earlier, auto insurance rates vary from state to state. Average car insurance rates in Cincinnati are significantly lower than most other American cities. The average annual cost for auto coverage in the city is just $792, which is nearly 45% cheaper than the national average of $1,424.
The state average for Ohio is not too far off, as it is only $11 higher than Cincinnati’s typical rate. Of course, these are estimates based on data from multiple car insurance companies in Cincinnati. Individual company rates still vary based on your profile and insurance needs.
The Best Car Insurance Companies in Cincinnati
For drivers looking to find a balance between affordability and quality service, MoneyGeek ranked the best insurance companies in Cincinnati. According to MoneyGeek’s study, the best car insurance providers in Cincinnati for most drivers are:
- Erie: MoneyGeek score 95 out of 100
- Hartford: MoneyGeek score 88 out of 100
USAA received the highest score in Cincinnati 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 reach these final scores out of 100, MoneyGeek analyzed several data points, including J.D. Power customer satisfaction, affordability and financial stability ratings.
1
USAA
Score:100
2
Erie
Score:95
3
Hartford
Score:88
4
Auto-Owners Insurance Co
Score:88
5
GEICO
Score:88
6
Cincinnati Insurance Companies
Score:88
7
Country Financial
Score:85
8
State Farm
Score:85
9
Nationwide
Score:83
10
Esurance
Score:83
11
Grange
Score:80
12
Progressive
Score:80
13
Allstate
Score:80
14
American Family
Score:80
15
Travelers
Score:80
16
MetLife
Score:80
17
Farmers
Score:78
18
Hanover
Score:75
19
Liberty Mutual
Score:75
20
AAA
Score:75
21
Safeco
Score:73
Personalized Quotes to Get You the Cheapest Car Insurance in Cincinnati
Several factors are considered by insurance companies when they build your personal profile. Among the most notable include your location, driving records, experience and possible driving risks.
All of this information is pooled together to assess the likelihood of you being involved in accidents. The higher your risk, the more expensive your premium. Cheap car insurance in Cincinnati, of course, is more likely if you have a clean record.
These factors vary from person to person and may change over time. As such, it is important for you to get quoted regularly. Circumstances change and it’s in your best interest to make the most out of these.
Shopping around for car insurance in Cincinnati could save you $215, which is enough to buy:
72Cups of Coffee
17Months of Your Favorite Streaming Service
Cheapest Car Insurance in Cincinnati by Coverage Amount
In Cincinnati and elsewhere, one of the most important factors that influence the cost of a policy is the coverage level you choose. For instance, a state minimum liability policy costs an average of $481 per year. A full coverage policy with higher liability limits costs an average of $792. That is a $311 difference.
Ohio Minimum Liability Requirements
- ItemDescription
- 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.
Car insurance coverage is usually summarized in three numbers. The minimum in Ohio, as we explained earlier, is 25/50/25. These numbers stand for bodily injury liability per person and per accident, along with a property damage coverage requirement. This means that the company will pay out these amounts if you are liable in an accident.
You may want to opt for a higher level of coverage. Full coverage, for example, will provide a combination of coverages to give you a higher level of protection. Those in Cincinnati are in luck since full-coverage policies only cost around $200-300 more than liability-only coverage in this city. The extra expense may just be worth it.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$243$271
- 2.$271$306
- 3.$334$366
- 4.$331$380
- 5.$461$487
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$474$508
- 2.$561$594
- 3.$534$576
- 4.$611$656
- 5.$681$687
Cheapest Car Insurance in Cincinnati if You Have Driving Violations
Cheap car insurance in Cincinnati comes with a clean record. On average, you will save around $200 if you have a clean record than if you have previous speeding tickets. If you have accident liability or DUI records, expect to pay significantly higher rates. The former will cost around $400 more while the latter will make your premium cost around $460 higher.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$631$768$750
- 2.$721$721$721
- 3.$720$783$720
- 4.$620$775$932
- 5.$711$948$1,310
Average Cost of Car Insurance by Postal Code
Your ZIP code also factors into your car insurance costs. This is because some neighborhoods have higher rates of accidents, thefts or uninsured motorists. Luckily, for Cincinnati, ZIP code differences don’t impact costs that much. The difference between the most and least expensive neighborhoods in this city is merely $33. This trend is also seen for other Ohio cities like Columbus and Toledo.
- Zip CodeState Minimumper year
- 45211$777
- 45231$787
- 45238$810
Insurance Providers That Serve Cincinnati
Factors That Impact Insurance Costs in Cincinnati
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 Cincinnati. How Cincinnati 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 Cincinnati 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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