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The Best Cheap Car Insurance Companies for Ohio Drivers in 2020

When looking for affordable car insurance in Ohio, most people choose from five top companies. To help you get a better sense of what to expect, MoneyGeek collected approximate costs from some of the best known insurance agencies in the state. These numbers serve only as an estimate. To find the best car insurance in Ohio, you should contact insurers directly.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance on average.
$852
per year
2. GEICO
In 2020 GEICO ranked #2 in Ohio for the cheapest car insurance on average.
$1,104
per year
3. Allstate
In 2020 Allstate ranked #3 in Ohio for the cheapest car insurance on average.
$1,247
per year
4. Progressive
In 2020 Progressive ranked #4 in Ohio for the cheapest car insurance on average.
$1,712
per year
5. Progressive
In 2020 Progressive ranked #5 in Ohio for the cheapest car insurance on average.
$1,851
per year
6. Nationwide
In 2020 Nationwide ranked #6 in Ohio for the cheapest car insurance on average.
$1,981
per year

When seeking out a personalized quote, know that Ohio auto insurance companies base their quotes on factors such as age, gender, driving history, and car make. All these factors and more contribute to the final rate they offer.

The Best Car Insurance Companies in Ohio for 2020

Many Oklahoma auto insurance companies exist, making it important for consumers to do their research and find the best one for their needs. MoneyGeek created a unique rating system using data collected from reputable sources such as J.D. Power and AM Best. Each insurance company is scored out of a possible 100 points on factors such as affordability, customer satisfaction, financial viability, and overall claims scores.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

ErieScore: 95
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

United Farm Bureau of IN GroupScore: 92.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A

Financial Stability

4

HartfordScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

Auto-Owners Insurance CoScore: 87.5
+

3/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

GEICOScore: 87.5
+

3/5

User Satisfaction

2/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

7

Cincinnati InsuranceScore: 87.5
+

3/5

User Satisfaction

5/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

8

Country FinancialScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

9

State FarmScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A

Financial Stability

10

Farm Bureau Ins of MIScore: 82.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A-

Financial Stability


Market Share by Company

The National Association of Insurance Commissioners reported that State Farm Group serves as the largest insurance company in Ohio. The next table highlights some of the other large insurance groups in the state.

Company
Market Share
1. State Farm
18.66%
2. Progressive
14.76%
3. Allstate
10.43%
4. GEICO
7.57%
5. Nationwide
7.21%
6. Grange Mutual
5.00%
7. Liberty Mutual
4.56%
8. Erie
3.59%
9. USAA
3.01%
10. American Family
2.66%

Cheapest Car Insurance for Drivers With a DUI in Ohio

Finding cheap car insurance with a DUI in Ohio is not easy given that the state takes these types of infractions seriously. Individuals convicted of driving under the influence face jail time, fines, and license suspension – not to mention higher insurance rates. The cost of driving while intoxicated goes far beyond insurance. The Centers for Disease Control and Prevention found that 3,637 people in Ohio were killed by a drunk driver between 2003-2012. Getting behind the wheel requires clarity and focus, two skills that are impaired by alcohol. The following table looks at how insurance rates for those with a DUI on their record may vary by insurance agency.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance for dui.
$837
per year
2. Allstate
In 2020 Allstate ranked #2 in Ohio for the cheapest car insurance for dui.
$1,670
per year
3. Progressive
In 2020 Progressive ranked #3 in Ohio for the cheapest car insurance for dui.
$2,266
per year
4. Progressive
In 2020 Progressive ranked #4 in Ohio for the cheapest car insurance for dui.
$2,290
per year
5. GEICO
In 2020 GEICO ranked #5 in Ohio for the cheapest car insurance for dui.
$2,767
per year
6. Nationwide
In 2020 Nationwide ranked #6 in Ohio for the cheapest car insurance for dui.
$3,697
per year

Ohio uses OVI (operating a vehicle under the influence) or OVAUC (operating a vehicle after underage consumption) rather than DUI, but the charge remains the same. Those convicted of an OVI receive six points against their license, which stay on their record for three years. The conviction itself stays on their record for life. Drivers can take a remedial driving course and retake a driver license exam to help lower their insurance rates.

Cheapest Car Insurance for OH Speeding or Distracted Driving Tickets

Getting cheap car insurance with a ticket in Ohio may seem more difficult due to points on a driver’s record. The state saw 996 fatal crashes in 2018 caused by distracted driving. Driving while trying to play music on your phone, catch up with an old friend, or brush your hair may seem like harmless multi-tasking, but your car insurance can rise precipitously if caught. Review the following table to see how rates vary for those with a speeding or distracted driving ticket on their record.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance for distracted drivers.
$910
per year
2. Allstate
In 2020 Allstate ranked #2 in Ohio for the cheapest car insurance for distracted drivers.
$1,338
per year
3. GEICO
In 2020 GEICO ranked #3 in Ohio for the cheapest car insurance for distracted drivers.
$2,118
per year
4. Nationwide
In 2020 Nationwide ranked #4 in Ohio for the cheapest car insurance for distracted drivers.
$2,427
per year
5. Progressive
In 2020 Progressive ranked #5 in Ohio for the cheapest car insurance for distracted drivers.
$2,594
per year
6. Progressive
In 2020 Progressive ranked #6 in Ohio for the cheapest car insurance for distracted drivers.
$2,643
per year

If an Ohio driver receives a ticket, this counts as points against their license. Receiving more than 12 points during a two-year period results in license suspension. Once every three years, drivers can participate in a remedial driving course and have two points removed from their license.

Cheapest Car Insurance Companies in OH for Drivers With Bad Credit

Ohio maintained an average credit score of 705 in 2019. While this score is great for getting the best and cheapest car insurance in Ohio, not everyone’s credit score is as high. Agencies review credit scores when assessing the risk of insuring a new client. A low credit score can indicate issues around debt deferment, delinquent accounts, or high debt-to-income ratios. The table below shows how car insurance rates may be affected by bad credit.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance for poor credit history drivers.
$839
per year
2. GEICO
In 2020 GEICO ranked #2 in Ohio for the cheapest car insurance for poor credit history drivers.
$1,212
per year
3. Allstate
In 2020 Allstate ranked #3 in Ohio for the cheapest car insurance for poor credit history drivers.
$1,272
per year
4. Progressive
In 2020 Progressive ranked #4 in Ohio for the cheapest car insurance for poor credit history drivers.
$1,701
per year
5. Progressive
In 2020 Progressive ranked #5 in Ohio for the cheapest car insurance for poor credit history drivers.
$1,868
per year
6. Nationwide
In 2020 Nationwide ranked #6 in Ohio for the cheapest car insurance for poor credit history drivers.
$1,930
per year

Poor credit scores can impact your ability to get cheap insurance, secure loans, or buy a house. Fortunately, improving your credit score can be done with a little patience and commitment.

Cheapest Car Insurance Companies in Ohio for Seniors

Drivers aged 65 and older can sometimes face unique factors when shopping for car insurance, but adjusting for life changes can help them find the best rates. Ask your insurance agency to personalize a quote based on your driving record, age, and the amount of driving you currently do – all of these factors can help lower rates. While Ohio seniors accounted for 15.9% of the fatal auto crashes in 2017, the majority of older individuals are safe and alert behind the wheel. The following table looks at approximate costs for this population.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance for seniors.
$855
per year
2. Allstate
In 2020 Allstate ranked #2 in Ohio for the cheapest car insurance for seniors.
$1,441
per year
3. GEICO
In 2020 GEICO ranked #3 in Ohio for the cheapest car insurance for seniors.
$1,535
per year
4. Nationwide
In 2020 Nationwide ranked #4 in Ohio for the cheapest car insurance for seniors.
$1,916
per year
5. Progressive
In 2020 Progressive ranked #5 in Ohio for the cheapest car insurance for seniors.
$2,131
per year
6. Progressive
In 2020 Progressive ranked #6 in Ohio for the cheapest car insurance for seniors.
$2,368
per year

Senior drivers in Ohio are required to renew their licenses in person every four years and pass a vision test. Readers can check out MoneyGeek’s guide on finding the best insurance for seniors in Ohio.

Cheapest Car Insurance for Students

Ohio Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,269 INCREASE

This is a difference of 106%.

As the parent or guardian, you are responsible for your teen driver in Ohio. Since the rates for young, inexperienced drivers are inevitably higher, the Ohio Department of Insurance suggests comparison shopping for coverage and raising your deductible to get a lower premium.

Ohio crashes related to teens totaled 223,005 between 2015 and 2020, leading some auto insurance companies to view this population as high risk. The best way to reduce insurance rates over time is to ensure your child maintains a clean driving record, gets good grades at school, and continues practicing safe driving habits. Check out the table below to see what rates may look like for your teen.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Ohio for the cheapest car insurance for students.
$2,253
per year
2. Allstate
In 2020 Allstate ranked #2 in Ohio for the cheapest car insurance for students.
$2,445
per year
3. GEICO
In 2020 GEICO ranked #3 in Ohio for the cheapest car insurance for students.
$2,518
per year
4. Progressive
In 2020 Progressive ranked #4 in Ohio for the cheapest car insurance for students.
$3,262
per year
5. Progressive
In 2020 Progressive ranked #5 in Ohio for the cheapest car insurance for students.
$3,448
per year
6. Nationwide
In 2020 Nationwide ranked #6 in Ohio for the cheapest car insurance for students.
$4,214
per year

Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$3,510
car
Average premium for two 2008

Town and Country Limiteds

$2,378
Anual benefits of minivans:$1,132 saved

This is 32% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$572 DECREASE

This is a savings of 21%.

Potential discounts for teens in Ohio

Impact on annual premium with good student and defensive driving discounts:

coins
$215 SAVED

Ohio students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$2,450 at home

graduation

$2,169 at school

$281 IN SAVINGS

female
Average premium for a 19-year-old female
car

$2,146 at home

graduation

$1,869 at school

$277 IN SAVINGS

Insurance Rate Information for Military Drivers and Veterans

The more than 61,000 active, reserve, and civilian military personnel and 860,000+ veterans in Ohio should shop for discounts on auto insurance prior to buying a policy. Before calling insurance companies or asking for quotes online, get all your financial records together and determine how much insurance coverage you need.

Ohio military residents who are currently in-state must follow the normal vehicle registration process that applies to everyone. Non-resident military members in Ohio are not required to register their vehicles so long as there is a valid registration from another state. Records and registration renewals through the Ohio Bureau of Motor Vehicles can be completed online.

Age savings for Ohio service members

male
25 years$1,090
50 years$883
female
25 years$1,001
50 years$877

$207 Saved
$124 Saved

Median auto insurance for service members: $904

Who Needs Car Insurance in Ohio?

Anyone with a vehicle registered in Ohio must have proof of insurance to drive legally on state roads.

Proof of Insurance in Ohio

Registering a vehicle in Ohio requires proof of insurance, which can be on an insurance card or an electronic device. Proof of insurance is also required:

  • In a car crash that causes injury, death, or property damage greater than $400.
  • When a police officer asks for it at a traffic stop.

The BMV also selects 5% of registered vehicle owners each year to provide proof of insurance. If you receive such a letter, you have 21 days to send back proof of insurance.

Minimum Liability Insurance Requirements in Ohio

Ohio drivers are required to carry at least these minimum levels of liability coverage:

  • $25,000 for injury or death, per person.
  • $50,000 total for injuries or death to two or more people in a single accident.
  • $25,000 for property damage.

Alternatives to Insurance in Ohio

Don't want to get auto insurance? You can post a $30,000 bond per car or truck with the state as an alternative.

If you’re a high-risk driver having trouble obtaining insurance on the open market, the Ohio Automobile Insurance Plan may be able to help. Any Ohio insurance agent can assist with the application.

Car Insurance Requirements in Ohio: How Much Coverage Do You Need?

What percentage of drivers in Ohio lack vehicle insurance?

12.4%

National average: 13%

Source:

Insurance Information Institute.

You may want to consider buying more auto insurance coverage than the state requires. Because more than one in 10 Ohio drivers lacks insurance, having extra coverage on a car can help pay for repairs and medical expenses if the other driver is at fault.

Among the other types of extra coverage in Ohio are collision insurance (which pays for repair or replacement of your car if it's in an accident) and comprehensive (which pays for theft, fire, natural disasters and colliding with a deer or other animals). Lenders usually require you to carry both types to secure a car loan on a new vehicle.

Uninsured (and underinsured) motorist coverage will kick in if you're involved with a hit-and-run driver or one who has no coverage or not enough.

Experts also suggest you get liability insurance of $100,000 or more per injury and $300,000 per accident, according to the Insurance Information Institute.

For more on the insurance you may need to protect yourself, see MoneyGeek's Car Insurance 101.

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Sources