The make and model of vehicle you are buying coverage for is a large consideration in finding the best auto insurance for teenage males. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The information below features insurance costs for a handful of the more affordable automobiles to insure in Ohio.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $5,813 |
| Honda Accord EX 4-Dr Sedan | $5,823 |
| Ford Escape Limited 4WD | $6,227 |
| Toyota Prius | $6,281 |
| Chevrolet Silverado LS Regular Cab 4WD | $6,482 |
| Honda Odyssey LX | $6,490 |
| Ford Explorer Eddie Bauer 2WD | $6,539 |
| Ford F-150 XLT Regular Cab 4WD | $6,544 |
| Jeep Wrangler Sahara 4WD 2-Dr | $6,539 |
| Toyota Tacoma 4WD | $6,549 |
| Ford Edge SE AWD | $6,839 |
| Chevrolet Malibu Hybrid | $6,895 |
| Volkswagen Jetta LE 4-Dr Sedan | $6,904 |
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Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in garaging location in Cleveland, OH which can influence prices significantly.
Based on these rates, you can expect vehicles like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Chevrolet Silverado will definitely be some of the cheapest vehicles to insure for teen boys. The price for car insurance will trend higher just because there is more exposure for teenage males, but overall those specific models will tend to have the best rates compared to other types of vehicles.
For teen boys, one of the more important considerations that are looked at to determine car insurance rates is your address. More densely populated places likely pay more, whereas less populated areas have the luxury of cheap car insurance rates.
The information below shows the most expensive cities in Ohio for teenage males to buy an auto insurance policy in. Cleveland is ranked #2 with an annual cost of $1,259 for the average policy, which is approximately $105 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,267 |
| 2 | Cleveland | $1,259 |
| 3 | Youngstown | $1,247 |
| 4 | Columbus | $1,211 |
| 5 | Cincinnati | $1,210 |
| 6 | Cleveland Heights | $1,166 |
| 7 | Dayton | $1,142 |
| 8 | Hamilton | $1,135 |
| 9 | Akron | $1,135 |
| 10 | Euclid | $1,129 |
| 11 | Fairfield | $1,095 |
| 12 | Springfield | $1,072 |
| 13 | Canton | $1,069 |
| 14 | Newark | $1,063 |
| 15 | Beavercreek | $1,047 |
| 16 | Strongsville | $1,041 |
| 17 | Mansfield | $1,032 |
| 18 | Lakewood | $1,031 |
| 19 | Cuyahoga Falls | $1,027 |
| 20 | Middletown | $1,024 |
| 21 | Kettering | $1,020 |
| 22 | Mentor | $1,008 |
| 23 | Parma | $1,007 |
| 24 | Lorain | $1,005 |
| 25 | Elyria | $995 |
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Table data uses approximated as vehicle location can increase or decrease prices greatly.
Figuring out which companies have the cheapest insurance rates for teenage males will require a little more sweat in order to find the lowest price. Each auto insurance company has their own formula to determine rates, so let’s examine the insurance companies that tend to be cheaper in Cleveland, OH.
It’s a good idea to know that Cleveland insurance rates are based on many factors that can increase the price you have to pay. Turning one year older, buying a different home, or having an accident may generate price changes that can make some companies more affordable than the competition.
Best Cheap Insurance Rates for Teens
Utica National may have some of the most affordable car insurance rates in Cleveland at around $628 each year. Erie, Frankenmuth, Allied, and Travelers are also some of the lowest-priced Cleveland, OH auto insurance companies.
As illustrated above, if you currently buy coverage from Allied and switched to Erie, you could see an annual savings of about $30. Ohio drivers with Travelers could save as much as $45 a year, and USAA customers might lower prices by up to $52 a year.
To see how much you can save, click here to start a quote or click several companies below for low rates.
These policy rates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a specific location for teenage males. So the insurer that is best suited for you may not even be in the top 33 companies in the list above. That is why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Full coverage versus liability-only
Saving money on insurance should be important to most drivers, and one way to buy cheap insurance for teenage males is to only buy liability coverage. The illustration below shows the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims, a clean driving record, $250 deductibles, single status, and no policy discounts are applied.
Averaged for all age groups, physical damage coverage costs $1,629 per year more than just insuring for liability. Many people question if paying for full coverage is a waste of money. There is no definitive rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after you pay the deductible. If you are currently paying more than $500 a year to have full coverage, then it might be time to buy liability only.
Types of discounts on Cleveland auto insurance rates
Car insurance companies that provide policies for teenage males may provide premium discounts that can reduce rates by 40% or more if you meet specific eligibility requirements. A few popular companies and a summarized list of policyholder discounts are shown below.
- American Family offers premium reductions for bundled insurance, TimeAway discount, multi-vehicle, mySafetyValet, and accident-free.
- State Farm has savings for multiple autos, good student, Drive Safe & Save, accident-free, and passive restraint.
- 21st Century offers discounts including early bird, driver training, defensive driver, air bags, and 55 and older.
- Travelers may have discounts that include early quote, save driver, multi-policy, new car, hybrid/electric vehicle, and continuous insurance.
- GEICO has discounts for driver training, daytime running lights, anti-theft, multi-vehicle, defensive driver, good student, and military active duty.
The example below illustrates the difference between auto insurance costs with and without discounts applied to the policy rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paperless filing, paid-in-full, good student, anti-theft, passive restraint, and continuous coverage discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for teenage males is 28% or $531.
Choosing a high-quality insurance provider can be challenging considering how many companies there are to choose from in Cleveland. The company rank data below could help you select which auto insurers to look at putting your business with. The ratings below include companies with a nationwide focus, so smaller regional companies are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Here’s why you should compare rates often
Ohio insurance rates are calculated based on many things that control the cost of having a policy. Getting older, buying a new vehicle, or having an accident can trigger changes in premium resulting in some rates now being cheaper in comparison to the competition.
Not only that, but insurers file new Ohio auto insurance rates as needed to adjust for unexpected claims or profits. Significantly higher losses can cause more expensive premiums, while lower claims may result in more affordable Cleveland car insurance rates.
For example, the graph below shows which company has the cheapest car insurance in Cleveland, OH for a 35-year-old female driver with no prior claims, no tickets, and great credit. When comparing rates based on her current risk profile, Utica National may have the cheapest car insurance rates in Cleveland at $811 a year. This is $229 less than the average premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers are also on the list of the best Cleveland, OH auto insurance companies.
In this next rate comparison, we will give the driver from the above example some claims, a lower credit score, and an imperfect driving record. Due to the fact that every insurance company has a unique approach to set their prices, comparing prices could now result in a different set of the cheapest Cleveland car insurance companies as shown below.
Merchants Insurance Group now has the cheapest auto insurance in Cleveland, OH with Cincinnati Insurance, Motorists Mutual, Grange Mutual, and General Casualty completing the list. This shows why Ohio drivers need to compare many different companies when trying to get affordable car insurance quotes for teenage males.
Rates can be determined by many things and can increase or decrease at any time, so the best option six months ago may now be priced much higher than other options.