What Auto Insurance is Cheapest for Young Drivers in Cleveland?

The words “bargain” and “auto insurance” really don’t belong together, specifically when you are trying to find the lowest insurance rates for young drivers. To save some money, let’s start the ball rolling by going over some things that have a considerable impact on car insurance rates, and find a way to lower the cost of your next policy.

Deciphering which insurers offer the lowest-priced insurance rates for young drivers may require a tad more effort in order to find the lowest price quote.

Each auto insurer uses their own formula for filing rates in each state, so let’s take a look at the insurance companies with the overall cheapest rates in Cleveland, OH. It’s a good idea to be aware that Cleveland insurance rates are impacted by many things which can substantially decrease or increase the cost of your policy. Getting older, buying a different vehicle, or getting a ticket for running a stop sign can cause premium changes that can now make some companies cheaper than others.

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Cheapest Ohio auto insurance companies
Rank Company Cost Per Year
1 Utica National $628
2 Erie $681
3 Allied $690
4 Frankenmuth $701
5 Travelers $733
6 USAA $741
7 Cincinnati Insurance $749
8 Merchants Insurance Group $755
9 Motorists Mutual $792
10 Grange Mutual $836
11 General Casualty $837
12 State Farm $867
13 Central Mutual $874
14 Hastings Mutual $893
15 Atlantic States $904
16 Westfield $936
17 Progressive $953
18 Western Reserve $961
19 Nationwide $988
20 Auto-Owners $998
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Utica National generally has some of the most affordable car insurance rates in Cleveland at around $628 per year. This is $412 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers would also make the list of some of the lowest-priced Cleveland, OH auto insurance companies.

In this example, if you have coverage with Travelers and switched to Erie, you may see savings of around $52. Customers with USAA might save as much as $60 a year, and Cincinnati Insurance insureds might see rate reductions of $68 a year.

It’s important to note that these policy prices are averaged across all insureds and vehicles and do not take into consideration a specific vehicle garaging location for young drivers. So the auto insurance company that fits your needs best may not even be in the top 33 companies shown above. That point stresses why you need to compare rates from multiple companies using your own individual information.

The vehicle model you are insuring is one of the main factors that determines whether or not you can buy cheap coverage for young drivers. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models.

The next table ranks coverage premiums for the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Cleveland, OH
Insured Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $5,201
Honda CR-V LX 4WD $5,211
Jeep Wrangler Sport 4WD 2-Dr $5,442
Volkswagen Jetta S 2.5 Station Wagon $5,593
Ford Escape Limited 4WD $5,603
Toyota Prius $5,649
Ford Focus S 4-Dr Sedan $6,120
Honda Civic DX 4-Dr Sedan $6,125
Ford Edge Limited 2WD $6,120
Dodge Grand Caravan Hero $6,174
Toyota Tacoma Double Cab 4WD $6,181
Toyota RAV4 4WD $6,174
Ford Explorer Limited 4WD $6,230
Chevrolet Impala LTZ $6,514
Honda Odyssey EX-L W/Navigation $6,523
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Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage rates considerably.

Looking at the data, you can presume that makes and models like the Hyundai Elantra, Honda CR-V, and Jeep Wrangler are most likely to be some of the cheapest vehicles to insure for youthful drivers. Prices will be more expensive just due to the fact that there is more exposure for young drivers, but in general those vehicles will most likely have the cheapest car insurance rates compared to all other vehicles.

Cautious Cleveland drivers save money

In a perfect world, the ideal way to snag low insurance prices for youthful drivers is to be an attentive driver and avoid tickets and accidents. The diagram below demonstrates how traffic citations and accidents influence insurance costs for each age group. The price estimates are based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.

The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,077. Receive two speeding tickets and the average cost jumps to $1,421, an increase of $344 each year. Now add two accidents along with the two speeding tickets and the yearly cost of insurance for young drivers increases to an average of $2,760. That’s an increase of $1,682, or $140 per month, just for not keeping your driving record clean!

The illustration below illustrates how choosing a deductible can increase or decrease insurance rates when trying to find cheap insurance for young drivers. The data is based on a single female driver, comp and collision included, and no discounts are factored in.

As shown above, a 30-year-old driver could save $246 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $372 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could drop their prices $548 annually by choosing a higher deductible.

If you make the decision to raise deductibles, it is necessary to have enough in a savings account to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Discount Cleveland insurance rates

Insurance for youthful drivers in Cleveland, OHInsurers that sell policies for young drivers may provide rate discounts that could reduce prices by as much as 40% or more if you qualify for them. Companies and the discounts they provide can be read below.

The illustration below shows the comparison of insurance costs with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with good student, paperless filing, paid-in-full, passive restraint, anti-theft, and vehicle safety discounts applied. When discounts are applied, the average savings per year on insurance for young drivers is 28% or $530.

The Cleveland car insurance agencies listed below can probably provide answers to your questions and help you determine which coverages are best, since some people have coverage questions and would like to have some advice when buying car insurance for youthful drivers. It can be complicated to find the best policy yourself, so getting advice from a licensed Ohio insurance agent can give peace of mind knowing your policy gives you adequate protection in the event of a claim. To locate an agency close to where you live, click the button below the list.

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How to find more affordable auto insurance for young drivers

It is possible to find better rates, and here are many thrifty ideas that can help drivers quote low-cost coverage.

That last idea is especially critical, as we noted in this write-up. Auto insurance prices go up and down frequently, so drivers shouldn’t hesitate to buy from a new company if you can find a cheaper rate.

Having a favorite company is fine, but it’s not a great idea if that loyalty results in overpaying a lot of money. Take a few minutes and compare prices and find cheaper auto insurance for young drivers in Cleveland.