Columbus drivers pay an average of $793 annually for auto insurance, slightly lower than the average annual cost in Ohio. The cheapest widely-available insurer is Erie, with an average rate of $593 per year. MoneyGeek analyzed the cheapest options by coverage levels and driving history. MoneyGeek also recommended the best insurance providers for drivers focused on quality and cost.
Compare the Cheapest Car Insurance Quotes in Columbus, OH
The Cheapest and Best Car Insurance in Columbus
The Cheapest Car Insurance Companies in Columbus
For Columbus drivers looking for a full coverage policy, the most affordable options are:
- USAA: $508 per year (only available to current and former military members)
- Erie: $593 per year
In Columbus, USAA is the most affordable car insurance provider. However, their insurance policies are strictly for active-duty military members, retired veterans, honorably separated former service members and their families. The second most affordable car insurance company in Columbus is Erie. In fact, drivers who have coverage from Erie save around 85.1% compared to those who have a similar policy from Esurance, which is the most expensive car insurance company in Columbus.
In conducting this study, MoneyGeek gathered auto insurance prices for a 40-year-old male driver with a full coverage policy. That includes liability insurance as well as comprehensive and collision insurance.
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Average Cost of Car Insurance in Columbus
In Columbus, the average cost of car insurance is $793 per year, which is roughly equivalent to the statewide average but much lower than the national annual premium average. In comparison, the city’s annual premium is 1.2% less than the average annual cost of $803 in the state of Ohio. Drivers in Columbus also pay 44.3% less than the national average, which is $1,424.
The Best Car Insurance Companies in Columbus
MoneyGeek ranked the best companies in Columbus to help drivers looking for car insurance carriers that balance affordability and quality service. Based on MoneyGeek scores, the top insurers in Columbus for most drivers are:
- Erie: MoneyGeek score of 95 out of 100
- Hartford: MoneyGeek score of 88 out of 100
USAA received the highest score in Columbus 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 calculate the final scores out of 100, MoneyGeek used ratings from different criteria like J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Columbus
When determining car insurance quotes in Columbus, companies evaluate factors to determine the risk associated with a driver. Among these factors are age, gender, make and model of the vehicle, driving record and ZIP code. For instance, in Columbus, an American Family policy for a 40-year-old male driver is $879 cheaper than a policy for an 18-year-old male driver. Any changes in your circumstances can affect the insurance cost, so getting a personalized quote regularly from different companies will help you find the best car insurance in Columbus.
Shopping around for car insurance in Columbus could save you $200, which is enough to buy:
Cheapest Car Insurance in Columbus by Coverage Amount
How much coverage you buy will play a huge role in determining the cost of your car insurance in Columbus and elsewhere. Based on MoneyGeek’s study, a policy that only meets state minimums costs an average of $480 per year. That is $313 less than the average rate for a full coverage policy with higher liability limits, which is roughly $793 annually.
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.
In Columbus, the minimum liability coverage is $25,000 bodily injury liability per person, $50,000 bodily injury per accident and $25,000 property damage liability per accident. You can also opt for a 50/100/50 liability-only or full-coverage plan. If this is the case, you will get coverage of $50,000 worth of medical bills per person and $100,000 total per vehicle, along with $50,000 worth of property damage repair. Another option is the 100/300/100 full-coverage, option.
Erie is among the car insurance companies in Columbus that offer all of those options. Their state minimum liability-only coverage costs just $266 per year on average. Meanwhile, 50/100/50 liability-only costs an average of $302 annually. Adding around $256 can get you a full-coverage policy that also covers your own expenses. Meanwhile, their 100/300/100 full-coverage policy costs $593 per year on average.
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 Columbus if You Have Driving Violations
A driver with a speeding ticket or any other moving violation on their driving record will typically pay higher insurance rates compared to those with clean records. For example, in Columbus, an American Family policyholder with a speeding ticket, at-fault accident record or DUI will pay an average of $679 per year. This is around $31 higher than the cost for an individual with no violations on record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your ZIP code has an impact on the cost of your car insurance in Columbus, as well. Auto insurance companies consider a region's accident rate, car theft rate and more when determining risk factors for a driver. For example, drivers living in the most affordable region for auto coverage — 43230 — pay $65 less in annual car insurance premiums than those who are from the 43232 Zip code, the city’s most expensive ZIP code in terms of auto insurance.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Columbus
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 Columbus. How Columbus 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 Columbus 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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