Who Has Cheap Car Insurance for Homeowners in Ohio?

Deciphering which company has the most affordable insurance rates for homeowners will take more work in order to find a policy that fits your budget. Each company uses different criteria to determine premium rates, so let’s take a look at the most budget-friendly insurance companies in Ohio.

It’s important to know that Ohio insurance rates are impacted by many things which can substantially decrease or increase the price of coverage. Improving your credit score, increasing deductibles, or getting a ticket for running a stop sign can trigger price changes resulting in some rates now being cheaper than competitors.

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Utica National quotes some of the cheapest car insurance rates in Ohio at around $628 each year. Allied, Erie, Frankenmuth, and Travelers also rank well as some of the lowest-priced Ohio car insurance companies.

As depicted above, if you are a policyholder with Frankenmuth and switched to Allied, you might realize yearly savings of in the vicinity of $18. Customers with Travelers might save as much as $43 a year, and USAA customers might see rate reductions of $50 a year.

Understand that those policy rates are averages across all insureds and vehicles and and are not figured with a price discount for homeowners. So the company that fits you best may not even be featured in the company chart above. That’s why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

One of the key components that is used to help calculate the policy price is your address. Urban areas that are densely populated like Youngstown, Columbus, and Cleveland Heights tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.

The illustration below rates the most expensive places in Ohio for homeowners to purchase car insurance in.

Premium costs are approximated as the specific zip code location can increase or decrease premiums noticeably.

The make and model of vehicle you are seeking coverage for is one of the largest factors when quoting the most economical insurance for homeowners. Vehicles with limited speed and performance, a great safety record, or a track record of few liability claims will cost much less to insure than fast, unsafe models.

The table below shows insurance costs for the cheaper automobiles to insure in Ohio.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle garaging location which can influence price quotes significantly.

Based upon the table data, we can conclude that models like the Hyundai Tucson, Volkswagen Jetta, Toyota Prius, Jeep Wrangler, and Subaru Outback are likely to be some of the most affordable vehicles to insure for people who own their homes.

Best insurance company in Ohio

Buying coverage from the right car insurance provider is hard considering how many companies are available to choose from in Ohio. The information shown below can help you select which car insurance companies you want to consider comparing price quotes from. The ratings below include companies with a nationwide focus, so companies without a large exposure are not taken into consideration for this list.

Geico vs Allstate vs Progressive vs State Farm

When shopping for auto insurance, four of the best places to start are Geico, Allstate, Progressive, and State Farm. All four can cover your vehicle for liability and physical damage, but each one has different options that buyers can choose from. The following table illustrates price, claims, and customer service ratings, as well as some optional coverages you can buy with each company.

How to get cheap auto insurance for homeowners in Ohio

The list below shows many money-saving solutions that can help Ohio drivers find lower-cost auto insurance.

• Try to remain claim-free
• Good credit scores may make rates cheaper
• Raise deductibles
• Maintain a safe distance and avoid accidents
• Bundle home and auto and save
• You will pay more if you get tickets or have at-fault accidents
• Compare rate quotes frequently

The final tip is very significant, as was stressed in this article. Prices charged by auto insurers change frequently, so drivers shouldn’t be reluctant to change insurance companies if a cheaper price is available. Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if that faithfulness ends up costing you a considerable chunk of change every month. It takes less than five minutes to shop around and find cheaper auto insurance for homeowners.

Who has the cheapest insurance quotes for people who own their homes?

There are quite a few ways to get affordable insurance quotes in Ohio, but the three most common are either through an exlusive agent like State Farm or Auto-Owners, a non-exclusive or independent agent, or direct online or over the phone from a company like Progressive or Geico.

Each way is similar, but each is different in how they function.

Independent agencies write for multiple companies and can get policy pricing from each one. Independent agents are able to provide multiple price quotes, which may give you the best chance of saving money. If you are not satisfied with one company, it’s easy for the agent to move the policy and the insured can keep the same agent.

A captive, or exclusive, agent is usually just provide rates from a single insurance company, two examples are a State Farm or Farmers agent. Exclusive agents generally are unable to shop your coverage around, which requires you to shop around.

Drivers who opt to buy insurance direct do not use a local agent and instead shop buying direct from a company like Geico or Progressive. Shopping direct is good for drivers who do not need complex risk management and have a decent understanding of what coverages they need.

So out of those three methods, which one works best for finding cheap auto insurance for homeowners in Ohio? It would be easy to say buying from a direct company results in the cheapest price because there isn’t an agent involved, but in reality, that argument does not hold true. We could also say that using an independent agent is the best way to go due to increased selection, but again, that’s not accurate. For the right applicant, exclusive agencies have really good rates that other companies cannot beat.

Since insurance prices vary so much, the best method to get the lowest rate is to get as many comparison quotes as possible. The ideal approach is to get price quotes from all three in order to find the best price. For a list of companies with online discounts, click here to view.