Cheapest Car Insurance Companies in Cincinnati, OH (2024 Rates)


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Updated: May 20, 2024

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The cheapest car insurance depends on needs and driver profile. Erie is the cheapest in Cincinnati for full and minimum coverage or with a speeding ticket. Nationwide offers the cheapest rate for seniors, teens or with bad credit, and American Family for young adults, sports car drivers or with an at-fault accident or DUI. USAA is the lowest for military members.

We also found Cincinnati's best car insurance companies that balance cost and quality service.

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2024

Cheapest Car Insurance in Cincinnati, OH

Why Trust MoneyGeek? We included Cincinnati car insurance rates in this study after analyzing data and information from the Ohio Department of Insurance and Quadrant Information Services.

60,776Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Coverage Car Insurance in Cincinnati

MoneyGeek's research found that the following companies offer the average cheapest minimum coverage car insurance in Cincinnati:

  • Erie: $224 per year
  • Auto-Owners: $294 per year

State Farm charges the highest rate for a minimum coverage policy in Cincinnati, based on the companies MoneyGeek collected quotes for, with an average cost of $2,688 per year.

Ohio's cheapest car insurance company is Nationwide, charging an average of $226 per year statewide for minimum coverage. Location can play a significant role in determining car insurance rates, and Nationwide’s rate for this policy in Cincinnati is around $307 a year, much more than its average cost in Ohio.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
ErieAnnual Premium$224Monthly Premium$19
Auto-Owners Insurance CoAnnual Premium$294Monthly Premium$25
NationwideAnnual Premium$307Monthly Premium$26
ProgressiveAnnual Premium$313Monthly Premium$26
American FamilyAnnual Premium$321Monthly Premium$27
Grange InsuranceAnnual Premium$372Monthly Premium$31
Cincinnati InsuranceAnnual Premium$383Monthly Premium$32
WestfieldAnnual Premium$389Monthly Premium$32
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A minimum coverage policy in Ohio only provides bodily injury and property damage coverage with the following limits:

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

The liability limits on your auto insurance policy represent the maximum your insurer will pay in an at-fault accident. For example, with a maximum of $25,000 for injuries of each passenger, up to $50,000 per accident, if the other driver sustains injuries of $30,000 and their passenger’s injuries total $20,000, the insurance company would pay $25,000 and $20,000, for a total of $45,000 for the accident. The remaining $5,000 for the driver that is above the per person max of $25,000 would be your responsibility.

Cheapest Full Coverage Car Insurance in Cincinnati

MoneyGeek found the following insurance providers offer the average cheapest car insurance for drivers looking for a full coverage policy in Cincinnati:

  • Erie: $583 per year
  • American Family: $603 per year

The most expensive car insurance company is State Farm, charging around $4,007 per year for full coverage in Cincinnati.

Our research shows Nationwide provides the cheapest car insurance in Ohio, with an average cost of $485 per year for full coverage. Your location significantly matters when it comes to car insurance rates, and as you can see, Nationwide isn't the lowest-priced insurer in Cincinnati for full coverage, even though it averages the cheapest rate across all Ohio cities.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
ErieAnnual Premium$583Monthly Premium$49
American FamilyAnnual Premium$603Monthly Premium$50
NationwideAnnual Premium$615Monthly Premium$51
Auto-Owners Insurance CoAnnual Premium$650Monthly Premium$54
GEICOAnnual Premium$746Monthly Premium$62
Grange InsuranceAnnual Premium$773Monthly Premium$64
ProgressiveAnnual Premium$822Monthly Premium$69
Cincinnati InsuranceAnnual Premium$869Monthly Premium$72

Policyholders opting for a full coverage policy get comprehensive and collision insurance.

  • Comprehensive insurance: This coverage will help you repair or replace your vehicle if there’s any damage because of incidents like theft, fire, vandalism or severe weather events.
  • Collision insurance: This coverage pays for your vehicle’s repair or replacement if you damage it in an at-fault accident.

Purchasing full coverage may not be worth it if you own an older vehicle with a low value since the policy costs much more than liability only.

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Cheapest Car Insurance in Cincinnati After a Driving Offense

The following companies have the average cheapest auto insurance for drivers with a moving violation on their record in Cincinnati and full coverage:

  • Speeding ticket: Erie ($641 per year)
  • At-fault accident: American Family ($789 per year)
  • DUI: American Family ($760 per year)

State Farm is the most expensive company, charging an average of $4,887 per year with an at-fault accident and $4,448 per year with a DUI or a speeding ticket.

An unfavorable driving history can significantly increase your auto insurance premium, so the lowest-priced option for you will still cost more than for someone with a clean record.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
ErieAnnual Premium$641Monthly Premium$53
Auto-Owners Insurance CoAnnual Premium$650Monthly Premium$54
American FamilyAnnual Premium$760Monthly Premium$63
NationwideAnnual Premium$794Monthly Premium$66
GEICOAnnual Premium$926Monthly Premium$77
Cincinnati InsuranceAnnual Premium$1,026Monthly Premium$86
WestfieldAnnual Premium$1,060Monthly Premium$88
ProgressiveAnnual Premium$1,083Monthly Premium$90

In some cases, car insurance providers will charge you a higher rate if you have a severe violation on your record. For instance, MoneyGeek found that drivers with a DUI in Cincinnati pay roughly $418 more a year than someone with a speeding ticket.

But you can find affordable car insurance for a poor driving record by comparing rates from different insurers.

Cheapest Car Insurance in Cincinnati for Teens and Their Families

Teen drivers on a family policy with full coverage can find the average cheapest car insurance in Cincinnati from the following companies:

  • Nationwide: $1,159 per year for female teens; $1,348 per year for male teens
  • Allstate: $2,095 per year for male and female teens

The most expensive option is State Farm, with an average cost of $11,411 per year for female teens and $14,603 for male teens with full coverage on a family policy in Cincinnati.

Nationwide charges around $188 more a year to insure male teens than female teens. That may be because insurers generally consider them higher risk. However, the cost difference drops off in early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,159Individual Plan Monthly Premium$3,968
AllstateFamily Plan Annual Premium$2,095Individual Plan Monthly Premium$10,834
TravelersFamily Plan Annual Premium$2,140Individual Plan Monthly Premium$7,068
GEICOFamily Plan Annual Premium$2,148Individual Plan Monthly Premium$8,390
ProgressiveFamily Plan Annual Premium$2,196Individual Plan Monthly Premium$7,735
Auto-Owners Insurance CoFamily Plan Annual Premium$2,299Individual Plan Monthly Premium$5,720
FarmersFamily Plan Annual Premium$2,299Individual Plan Monthly Premium$14,025
State FarmFamily Plan Annual Premium$11,411Individual Plan Monthly Premium$27,730

Teens cannot buy an auto insurance policy legally if under 18 without a parent or guardian as a co-signer. But if the family takes that route, they should expect the teen to pay a much higher rate than if they were on the family policy.

MoneyGeek found that the average full coverage policy cost in Cincinnati for a 16-year-old male driver is $5,355 per year. If included in the family’s policy, the annual cost is around $2,828 per year. Comparing rates will help you find the cheapest car insurance for teens.

Cheapest Car Insurance in Cincinnati for Military Drivers

The following insurance providers offer the, on average, most affordable full coverage policy in Cincinnati for veterans and active-duty military members:

  • USAA: $486 per year
  • Erie: $583 per year

Both companies also have the cheapest military family car insurance for minimum coverage in Cincinnati. USAA charges an average of $208 per year, while the annual policy cost with Erie is around $224 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
USAAAnnual Premium$486Monthly Premium$41
ErieAnnual Premium$583Monthly Premium$49
American FamilyAnnual Premium$603Monthly Premium$50
NationwideAnnual Premium$615Monthly Premium$51
Auto-Owners Insurance CoAnnual Premium$650Monthly Premium$54
GEICOAnnual Premium$746Monthly Premium$62
Grange InsuranceAnnual Premium$773Monthly Premium$64
ProgressiveAnnual Premium$822Monthly Premium$69

How to Compare Cheap Cincinnati Car Insurance Quotes Online

If you’re interested in getting an online quote for car insurance in Cincinnati, you should know that it can take 15 or more minutes per company, and you will have to answer various questions and input personal details.

MoneyGeek’s car insurance calculator estimates your car insurance costs from multiple companies based on your driving history, coverage level, age and vehicle type. It is a quick way to see how much you may pay with different companies in Cincinnati.

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Rates updated:

Jul 15, 2024

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Cheapest Car Insurance in Cincinnati for Young Adults

MoneyGeek found that young drivers will get the average cheapest full coverage car insurance in Cincinnati from the following companies:

  • American Family: $624 per year
  • Erie: $736 per year

State Farm has the most expensive policy for young drivers in Cincinnati, charging an average of $5,082 annually for full coverage.

The average cost for a 25-year-old driver’s full coverage policy in Cincinnati is $1,278 per year. For a 40-year-old driver, it is around $1,024 per year.

Insurance providers may charge more to insure young drivers because they have less experience and may be more prone to causing accidents or speeding.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
American FamilyAnnual Premium$624Monthly Premium$52
ErieAnnual Premium$736Monthly Premium$61
NationwideAnnual Premium$749Monthly Premium$62
Grange InsuranceAnnual Premium$859Monthly Premium$72
Auto-Owners Insurance CoAnnual Premium$941Monthly Premium$78
GEICOAnnual Premium$1,016Monthly Premium$85
TravelersAnnual Premium$1,048Monthly Premium$87
Cincinnati InsuranceAnnual Premium$1,059Monthly Premium$88

Cheapest Car Insurance in Cincinnati for Seniors

On average, the most affordable car insurance companies for seniors looking for a full coverage policy in Cincinnati are:

  • Nationwide: $569 per year
  • American Family: $570 per year

State Farm is the most expensive car insurance company for seniors in Cincinnati, charging an average of $3,753 annually for full coverage.

MoneyGeek found that the average cost a year is $1,024 for a 40-year-old driver with full coverage in Cincinnati, while the average annual cost for a 65-year-old driver is $981 — around $43 less.

Although car insurance generally costs more for seniors, that’s not the case in Cincinnati.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$569Monthly Premium$47
American FamilyAnnual Premium$570Monthly Premium$47
ErieAnnual Premium$571Monthly Premium$48
Auto-Owners Insurance CoAnnual Premium$626Monthly Premium$52
Grange InsuranceAnnual Premium$719Monthly Premium$60
ProgressiveAnnual Premium$760Monthly Premium$63
GEICOAnnual Premium$798Monthly Premium$66
Cincinnati InsuranceAnnual Premium$801Monthly Premium$67

Cheapest Car Insurance in Cincinnati for Poor Credit

MoneyGeek found that the following companies offer the average cheapest full coverage car insurance for drivers with bad credit in Cincinnati:

  • Nationwide: $836 per year
  • Grange: $981 per year

State Farm charges the highest rate to insure a driver with poor credit in Cincinnati. On average, its full coverage policy costs $8,968 per year.

A full coverage car insurance policy in Cincinnati for drivers with bad credit could be around 85% or $875 per year more expensive than for someone with a good credit history.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$836Monthly Premium$70
Grange InsuranceAnnual Premium$981Monthly Premium$82
American FamilyAnnual Premium$1,011Monthly Premium$84
GEICOAnnual Premium$1,125Monthly Premium$94
ErieAnnual Premium$1,304Monthly Premium$109
Cincinnati InsuranceAnnual Premium$1,310Monthly Premium$109
TravelersAnnual Premium$1,390Monthly Premium$116
FarmersAnnual Premium$1,397Monthly Premium$116

Car insurers may view drivers with a bad credit history or low credit-based insurance scores as more likely to make claims, causing them to charge a higher rate. Such drivers may lower their car insurance costs by bundling policies, comparing quotes and looking for discounts. You may also take steps to improve your credit score, such as making payments on time.

Cheapest Car Insurance in Cincinnati for Sports Cars

The following companies have the average cheapest auto insurance for drivers with sports cars and a full coverage policy in Cincinnati:

  • American Family: $555 per year
  • Auto-Owners: $663 per year

State Farm is the most expensive car insurance company with a sports car in Cincinnati, charging an average of $4,838 annually for full coverage.

MoneyGeek found that the average car insurance cost in Cincinnati for insuring a Ford Mustang sports car is roughly 24% more than insuring a standard Toyota Camry, as Ford Mustang owners pay around $250 per year more for a full coverage policy.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American FamilyAnnual Premium$555Monthly Premium$46
Auto-Owners Insurance CoAnnual Premium$663Monthly Premium$55
FarmersAnnual Premium$812Monthly Premium$68
GEICOAnnual Premium$849Monthly Premium$71
TravelersAnnual Premium$851Monthly Premium$71
NationwideAnnual Premium$852Monthly Premium$71
AllstateAnnual Premium$999Monthly Premium$83

MoneyGeek’s sample sports car is a Ford Mustang, so the policy cost may change depending on your car’s make and model. And insurers generally charge higher rates to insure luxury, sports and electric cars.

Average Cost of Car Insurance in Cincinnati

MoneyGeek found the average cost of car insurance in Cincinnati is $1,024 per year — around $91 more than the average car insurance cost in Ohio and roughly $241 less than the average cost in the U.S. In addition to other factors, your location may significantly affect your car insurance cost.

For example, drivers in Akron pay an average of $918 per year for a policy, while the average annual cost in Cleveland is $937. Both are less than Cincinnati.

The rates above are for a full coverage policy with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability per accident.

ColumbusFull Coverage Average Annual Premium$917Minimum Coverage Average Annual Premium$498
AkronFull Coverage Average Annual Premium$918Minimum Coverage Average Annual Premium$498
DaytonFull Coverage Average Annual Premium$933Minimum Coverage Average Annual Premium$499
ClevelandFull Coverage Average Annual Premium$937Minimum Coverage Average Annual Premium$511
CincinnatiFull Coverage Average Annual Premium$1,024Minimum Coverage Average Annual Premium$558
ToledoFull Coverage Average Annual Premium$1,044Minimum Coverage Average Annual Premium$577

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.