Who Has the Cheapest Car Insurance for Seniors in Ohio?

The words “economical” and “auto insurance” really should not be used together, especially when you are trying to find the best insurance rates for seniors. To save some money, let’s learn about some of the factors that help determine insurance premiums, and find out if you can take a little off the next policy you buy.

Comparing rates for low-cost car insurance is not always easy, and determining which company quotes the lowest-priced auto insurance rates for seniors will require a little more work. Premiums will probably be slightly cheaper than the average policy in Ohio, with the lower price attributed to the potential for fewer claims related to offering coverage for senior citizens. Budget-friendly insurance should be easy to find without having to search too hard.

Every insurance company uses a different method to establish rates, so we need to take a look at the auto insurance companies that tend to have lower prices in Ohio. It’s important to know that Ohio auto insurance rates are impacted by many things which can substantially change the price you have to pay for coverage. This is why it is so important to perform an extensive rate comparison to get the best insurance quotes for seniors. Car insurance prices are calculated by many different factors and change frequently, so the cheapest company three years ago may now be costing you a lot of money.

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Utica National generally has some of the lowest car insurance rates in Ohio at around $647 each year. Allied, Frankenmuth, Erie, and USAA would also be considered some of the cheaper Ohio car insurance companies.

As illustrated above, if you currently buy coverage from Erie and switched to Utica National, you could realize savings of roughly $34. Policyholders with USAA may save as much as $86 a year, and Travelers insureds might reduce rates by $86 a year.

Be aware that those estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a price discount for seniors. So the insurer that can offer the best rates for your situation may not even be featured in the list above. That emphasizes why you need to get car insurance quotes using your own specific driver and vehicle information.

When shopping for the cheapest auto insurance for senior citizens, one of the many considerations that play a part in determining the cost of insurance is where you choose to live in Ohio. Cities with larger populations like Toledo, Columbus, and Cleveland Heights tend to pay higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of the cheapest auto insurance for seniors in Ohio.

The next table ranks the highest-priced places in Ohio for seniors to purchase car insurance in.

Rate quotes are approximated as specific Ohio garaging address can lower or raise coverage prices greatly.

The vehicle model on the policy is a large factor that determines whether or not you can buy the most economical insurance for seniors. Vehicles with economical engines, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models. The next lists outlines auto insurance premiums for a selection of the most cost-effective automobiles to buy insurance for.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific location which can increase or decrease coverage prices substantially.

Table data assumes married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in Ohio location which can affect premiums greatly.

Above prices assume married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium amounts do not factor in specific garaging location which can influence auto insurance rates significantly.

Is Progressive, Geico, State Farm, or Allstate cheaper?

When it comes to car insurance for senior citizens in Ohio, four of the best places to start are Progressive, Geico, State Farm, and Allstate. The data below compares and contrasts pricing and service ratings, plus some optional coverages that are available from each company.

Best cheap insurance quotes for senior citizens

Drivers have a lot of different ways to compare auto insurance prices in Ohio, but the most preferred ways are using a captive (or exclusive) agency such as State Farm or Allstate, an independent or non-exclusive agent, or from a direct company like Progressive or Geico.

Each way has the same basic steps, but auto insurance shoppers should know the differences in how they work.

Independent agencies can place your business with multiple companies and can quote your policy with each one. Agents of this type can quote with many companies and give you more rates, which may give you the best idea of how your rates compare. If premiums increase, the agent simply finds a different carrier and you don’t have to do anything.

An agent who is captive is able to place business with one company such as a Liberty Mutual or State Farm agent. This type of agents cannot quote prices from more than just one company, so they have to upsell other benefits.

When you buy auto insurance direct, you skip an exlusive or independent agent and buy direct online or over the phone from a company like Geico or Progressive. This option can be a good choice for drivers who have an average risk profile and have knowledge of the exclusions of a policy.

So which one of the three ways works best to buy the cheapest auto insurance for seniors in Ohio? Most people assume that buying direct results in the cheapest rates because you bypass the middleman, but that is generally not the case. A valid argument could also be made that buying auto insurance from an independent agent saves the most money because they can shop around, but again, it’s not necessarily true. For some people, the exclusive agents have price quotes that cannot be beaten by either independent or direct companies.

Due to that fact that auto insurance uses so many rating variables, really the only way to make sure you’re not overpaying for auto insurance is to do a thorough rate comparison. Put in the effort to get price quotes all three ways in order to find the best price. For a list of companies offering online discounts, click here to view.