Best cheap car insurance in Toledo for 2021

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Ohio’s traffic laws rank among the worst in the country, according to a recent survey, and that impacts the roads in Toledo as well.

Lucas County, where the city is located, sees more than 4,000 accidents each year, with 49 fatalities in 2020, according to the Ohio State Police. The county also saw 732 intoxicated-driving arrests that same year. Car insurance is mandatory in Ohio, and the annual average premium in Toledo for minimum and full coverage are $420 and $1,195 respectively. Although higher than the Ohio state average, the cost is still cheaper than the national average.

Best car insurance companies in Toledo

To find the best car insurance Toledo we checked out company websites for ease of use and looked at their rankings with organizations such as J.D. Power – which assesses customer satisfaction. We looked at average premium costs as well as the range of discounts that can keep those premiums below average.

Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
Auto-Owners 890/1,000 $432 $1,187
Erie 880/1,000 $317 $1,074
Hastings Mutual Not Rated $390 $946
State Farm 881/1,000 $405 $1,109
USAA 890/1,000 $295 $907

Auto-Owners

Auto-Owners scores third place in J.D. Power’s Overall Customer Satisfaction ranking, which shows that the company places a high value on service to their policyholders. It offers liability, collision and comprehensive coverages, along with options such as roadside service, gap payments and a personal Auto Plus package that includes identity theft and lock-out coverage. There are lots of ways to save money with Auto-Owners, as the company has discounts for bundling, safety features, good students and more.

Erie

Erie’s average annual costs for minimum and full coverage are $317 and $1,074, which are below the Toledo average. The company has robust coverage options that include extras like pet coverage and full glass coverage. There is also the option to sign on for roadside service and locksmith service. Personal items coverage helps pay for losses of your belongings if they are in the car when you have an accident, while Erie’s Rate Lock feature means your rates will not increase following a claim on your policy.

Hastings Mutual

Hastings Mutual is a regional insurer that’s been writing policies in the Midwest since 1885. Hastings auto insurance includes liability as well as collision, comprehensive, and uninsured/underinsured motorist coverage. It has a few options that are not usually included in policies, including travel interruption coverage and loss of use and diminished value coverage for rented vehicles. The company offers a good handful of discounts, such as defensive driving, claims-free and multi-policy discounts.

State Farm

State Farm is well-known for offering extensive coverage with good discounts at a great price point. Its average annual cost for Toledo drivers for minimum and full coverage is $405 and $1,109, respectively. State Farm is near the top of J.D. Power’s customer satisfaction listing, which indicates a focus on serving the needs of its customers efficiently and quickly. State Farm’s discounts include several that reward good driving habits, including the company’s Drive Safe and Save program, and Steer Clear, which gives young drivers the chance to save up to 15 percent on their premium.

USAA

USAA may be the best insurance company you’ve never heard of — unless you’re in the military or a veteran, in which case you probably know about the company’s rock-solid coverage options and great prices. USAA only sells to military families, but if you’re in that demographic, we suggest you make it the first stop for a quote. Its average premium for Toledo drivers is a low $295 per year for minimum coverage and $907 per year for full coverage — which was the cheapest of all our car insurance quotes in Toledo. USAA is also at the top of J.D. Power’s customer satisfaction list, and its reputation for customer service is stellar.

Cheapest car insurance in Toledo

Toledo’s average car insurance premiums are $420 and $1,195 annually, for minimum and full coverage. This is higher than the overall Ohio averages, which are $321 and $1,119 annually. On the plus side, Toledo’s costs are well below the national car insurance averages of $563 and $1,738 annually.

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $295 $907
Erie $317 $1,074
Geico $355 $979
Allstate $402 $1,446
State Farm $405 $1,109

USAA, Erie and State Farm are all on our “best of” listing because they do more than just give you the cheapest car insurance in Toledo: they also offer above-average customer service and responsiveness, and have excellent ratings for financial stability as well.

Geico also excels when it comes to low prices, and an extensive discount list helps reduce prices even more. Neither Geico nor Allstate rank as high as the others on J.D. Power’s listing, but both still land above the industry median in the rankings.

Toledo insurance requirements

At a minimum, Ohio requires that you have a 25/50/25 policy. That means you must carry enough insurance that your insurer will pay the following maximum amounts if you are in an at-fault accident:

  • $25,000 of bodily injury (BI) liability, for a single person’s injuries
  • $50,000 total BI liability, for all injuries in a single accident
  • $25,000 property damage (PD) liability, to pay for damages to the other car as well as other property including fences and light posts

If you lease your car or have a car loan, your lender will probably require you to have collision and comprehensive coverage. In addition, most insurance experts would recommend that you purchase additional liability on top of the minimum to better protect you if you were in a serious accident with expensive injuries or damage.

Car insurance discounts in Toledo

Discounts can make a big difference in the amount you pay for your insurance — and some are easy to earn.

  • Safe driver discounts: Insurers use small devices installed (with your permission) in your car and telematics technology to collect real-time data on your driving habits. If you are a safe and careful driver, you can save significantly.
  • Paperless discount: You can save a small amount if you agree to receive documents via email rather than postal mail. You can also save by paying electronically.
  • Student discounts: Many insurers offer a discount to teens and young drivers who take a defensive driving course. Some offer discounts for students who achieve good grades at school.
  • Bundling: Almost every insurer offers a small discount on both premiums if you bundle your car insurance along with homeowners or renters insurance.
  • Safety features: Airbags, anti-theft devices, anti-lock brakes and other safety features can earn you a discount.

Frequently asked questions

What is the best car insurance company?

Because insurance is personal and depends upon specific requirements, the best car insurance companies may not be the same for everyone. To find the most ideal insurer for your needs, it is best to collect and compare quotes from the top providers in your city, before looking into the coverage options. Do not forget to check customer reviews to learn about the company’s reputation in the market.

How much does car insurance in Toledo cost?

The average annual cost of a car insurance policy in Toledo is $420 for Ohio minimum coverage and $1,119 for full coverage. Your own cost will probably differ, since there are a wide range of factors that go into each premium, including your age and credit rating, your car’s make and model and your driving record.

Does Toledo require no-fault insurance?

Ohio is an at-fault state. Therefore, no-fault insurance is not required in Toledo or anywhere else in the state. In the event of an accident, the driver at fault is charged for the damages.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.