What Insurance is Cheapest for Nurses in Cleveland?

Trying to find cheap car insurance is not easy, and figuring out which insurers offer the lowest-priced auto insurance rates for nurses involves additional perseverance. Each auto insurer uses their own formula for determining rates in each state, so let’s rank the overall cheapest auto insurance companies in Cleveland, OH.

It’s a good idea to know that Cleveland auto insurance rates are determined by lots of factors that can increase your annual premium. That is why consumers need to compare many different companies to find the cheapest auto insurance rates for nurses. Insurance prices consist of many things and can decrease or increase without notice, so the most economical option six months ago may now be an over-priced policy.

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Cheapest Ohio auto insurance companies
Rank Company Cost Per Year
1 Utica National $635
2 Erie $661
3 Allied $669
4 Frankenmuth $687
5 Travelers $712
6 USAA $719
7 Merchants Insurance Group $748
8 Cincinnati Insurance $779
9 Grange Mutual $804
10 Motorists Mutual $824
11 General Casualty $837
12 Central Mutual $848
13 Hastings Mutual $858
14 State Farm $885
15 Atlantic States $931
16 Western Reserve $932
17 Westfield $936
18 Progressive $982
19 Nationwide $988
20 Auto-Owners $998
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Utica National offers some of the best car insurance rates in Cleveland at around $635 a year. Erie, Allied, Frankenmuth, and Travelers also are some of the most economical Cleveland, OH car insurance companies.

In the rate table above, if you have coverage with Allied and switched to Utica National, you may realize savings of around $34. Drivers with Frankenmuth might save as much as $52 a year, and Travelers customers might lower prices by $77 a year.

If you want to see how much you could save, click here to get a free quote or visit any of the low-priced companies below.

Understand that those premium estimates are averages for all ages of drivers and types of vehicles and do not factor in an exact vehicle garaging location for nurses. So the car insurance company that fits your needs best may not even be in the top 33 companies in the list above. That illustrates why you need to get auto insurance quotes using your own driver data and vehicle information.

For health professionals, one of the big factors that are looked at to help calculate the amount you pay for auto insurance is your zip code in Cleveland. Areas with increased crime or more people tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The next table ranks the most costly cities in Ohio for nurses in which to purchase auto insurance. Cleveland is ranked at #3 costing $1,222 for car insurance, which is approximately $102 monthly.

How much is car insurance in Cleveland?
Rank City Annual Premium
1 Youngstown $1,247
2 Toledo $1,229
3 Cleveland $1,222
4 Cleveland Heights $1,214
5 Columbus $1,211
6 Cincinnati $1,210
7 Dayton $1,142
8 Hamilton $1,135
9 Euclid $1,129
10 Akron $1,123
11 Canton $1,102
12 Fairfield $1,085
13 Lakewood $1,073
14 Springfield $1,061
15 Middletown $1,055
16 Newark $1,053
17 Strongsville $1,041
18 Beavercreek $1,027
19 Mansfield $1,022
20 Kettering $1,009
21 Parma $1,007
22 Lorain $1,005
23 Cuyahoga Falls $997
24 Elyria $995
25 Mentor $978
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Annual rates are comparative as zip code location can decrease or increase premium rates significantly.

The chart below shows how choosing a deductible can increase or decrease annual premium costs when trying to find cheap insurance for nurses. The costs are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

The chart above illustrates that a 40-year-old driver could lower their policy premium by $178 a year by switching from a $100 deductible up to a $500 deductible, or save $272 by using a $1,000 deductible. Young drivers, like the 20-year-old category, could possibly save up to $456 annually by using a higher deductible. When using a larger deductible, it is important to have additional funds squirreled away to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Liability only or full coverage

Finding cheaper auto insurance is probably important to the majority of people, and one good way to reduce the cost of insurance for nurses is to not pay for full coverage. The illustration below compares premium costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.

If averaged out across all ages, full coverage on your policy costs $1,325 per year more than just buying liability only. Many drivers may wonder if physical damage coverage is worth the money. There is no set guideline of when to exclude physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your vehicle’s book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after the deductible is paid. If premiums are more than $300 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Comparing rates can save you money

Cleveland, OH auto insurance rates are based on many factors which can substantially change the policy premium. Turning one year older, increasing liability limits, or getting a DUI can cause premium changes resulting in some companies being much cheaper than others. And not only may your rating factors change, but car insurance companies amend pricing every year or even multiple times each year to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity can result in additional premium costs, while lower claims can result in more affordable Cleveland car insurance rates.

To illustrate this example, the bar chart below shows the companies that have the cheapest car insurance in Cleveland, OH for a 40-year-old male driver with a good driving record, no prior claims, and good credit. If we estimate prices based on his current situation, Utica National might offer the best car insurance rates in Cleveland at $853 annually. This is $187 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the most affordable Cleveland, OH auto insurance companies.

In this next rate comparison, we will give the driver in the first example an at-fault accident, bad credit, and a traffic citation. Since every insurance provider has their own guidelines to establish rates, getting updated rate quotes may result in a different set of affordable Cleveland car insurance companies as shown below.

Cincinnati Insurance now has the lowest car insurance rate in Cleveland with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty now rounding out the top five. This example proves why it is critical to take the time to shop around when trying to get the best car insurance quotes for nurses. Car insurance prices are made up of many things and can increase or decrease at any time, so the cheapest rate when you bought your policy may now be priced much higher than other options.