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Average Cost of Car Insurance in Toledo

Toledo$837
Ohio$803
U.S.$1,424

In Toledo, the average car insurance rate is $837 annually, which is slightly higher than the state of Ohio’s average annual cost but it’s also lower than the national average. Generally speaking, drivers living in Toledo pay around 4.3% more than Ohio’s $803 average annual cost of car insurance. Toledo policyholders also pay about 41.2% less than the nationwide average of $1,424 per year.

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The Best Cheap Car Insurance Companies in Toledo

Out of all of the car insurance companies in Toledo, the most affordable company on average is USAA. Since USAA’s products are limited to only members of the U.S. military and their families, the general public should instead consider the second most affordable car insurance company in Toledo, which is GEICO. For most drivers, a GEICO policy is approximately half as expensive as similar coverage with MetLife, the most expensive car insurance company in Toledo.

For you to get the most accurate car insurance quotes in Toledo, you can request a personalized quote from the top five most affordable insurance providers in the city: USAA, GEICO, Erie, American Family and State Farm.

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Personalized Quotes to Get You the Cheapest Car Insurance in Toledo

Generally speaking, insurance providers in Toledo consider several factors when determining your car insurance quotes: your age, driving record, marital status, coverage level and make and model of your vehicle are just a few of them.

In Toledo, if you’re an 18-year-old male driver, Erie may give you an average annual premium of $1,733 for your car insurance policy — nearly three times more expensive than similar coverage from the same company for a 40-year-old male driver.

To check if you qualify for company-specific promotions and discounts that can help save you money, you need to regularly request personalized quotes from several car insurance companies in Toledo.

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Cheapest Car Insurance in Toledo by Coverage Amount

How much car insurance coverage you purchase in Toledo also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

Ohio Minimum Liability Requirements

  • Item
    Description
  • 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.

Should you get a liability-only plan, or do you think a full-coverage policy is better for you? In Toledo, GEICO has both 50/100/50 liability-only and full-coverage plans, which cover $50,000 worth of medical bills from bodily injury per person, covering a maximum of $100,000 per vehicle, together with $50,000 worth of property damage repair.

If you get a full-coverage plan with the same limits — but also covers your own expenses — you need to pay an extra $163 on average. Getting a full-coverage plan, in this case, seems prudent because the difference in the costs between the two coverage types is minimal.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Toledo if You Have Tickets

As mentioned, your driving record can affect how much you’ll pay for your premiums. The cleaner your driving record is, the better rates you may receive. For instance, the average Toledo driver who gets a policy from Travelers has an average annual premium of $886 if they have a clean record. However, if the driver has a speeding ticket, they will need to pay about $336 more for similar coverage with the same car insurance company.

A DUI on a driver’s record can also significantly influence the cost of car insurance. Drivers in Toledo with a clean record will pay an average of $893 for a policy with Nationwide, but drivers with a DUI on their record will pay an average of $672 more for similar coverage.

Average Cost of Car Insurance by Postal Code

Different neighborhoods have different levels of car-related incidents such as theft, accidents and uninsured motorists, so the cost of premiums varies by location. In Toledo, the average car insurance premium is between $824 and $850. Drivers who live in Toledo’s most affordable neighborhood for auto coverage — 43615 — will pay about $26 less in annual premiums than policyholders who live in ZIP code 43612.

  • Zip Code
    State Minimumper year
  • 43615
    $824
  • 43613
    $839
  • 43612
    $850

Factors That Impact Insurance Costs in Toledo

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 Toledo. How Toledo ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities93rd/300
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Most Car Thefts56th/300
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Most Uninsured Motorists by State22nd/50
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Personal Injury Protection RequiredNo
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Most Annual Rainfall168th/300
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Most Rainy Days27th/300

Shopping around for car insurance in Toledo could save you $257, which is enough to buy:


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86Cups of Coffee
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20Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Toledo 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.

Compare Car Insurance Rates in Toledo

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.