One of the more important factors that are used to help calculate insurance cost is where you call home in Cleveland. Cities with larger populations tend to pay more, whereas less populated areas tend to receive cheaper rates.
The table below rates the most expensive cities in Ohio for 17 year olds to buy an auto insurance policy in. Cleveland is ranked at #1 costing $1,272 for coverage, which is around $106 per month.
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Rates are comparative as the specific garaging location can affect auto insurance rates significantly.
The vehicle model you are insuring is a large factor when shopping for cheap coverage for 17 year olds. Vehicles with lower performance, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models. The information below presents coverage rates for a selection of the cheapest vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$5,064|
|Ford Escape XLT 4WD||$5,117|
|Honda CR-V EX-L 2WD||$5,125|
|Hyundai Elantra SE Touring Station Wagon||$5,450|
|Honda Odyssey LX||$5,624|
|Ford Edge SE AWD||$5,958|
|Toyota RAV4 Limited 4WD||$6,011|
|GMC Sierra SLE Regular Cab 2WD||$6,016|
|Chevrolet Impala LT||$6,011|
|Ford F-150 Lariat Crew Cab 4WD||$6,064|
|Ford Explorer Limited AWD||$6,070|
|Toyota Tacoma Double Cab 4WD||$6,064|
|Dodge Grand Caravan SXT||$6,071|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$6,281|
|Ford Focus SES 4-Dr Sedan||$6,289|
|Toyota Corolla LE||$6,342|
|Chevrolet Equinox LTZ AWD||$6,395|
|Jeep Grand Cherokee Limited 2WD||$6,405|
|Chevrolet Malibu LTZ||$6,395|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$6,403|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$6,395|
|Ford Fusion SE 4-Dr Sedan||$6,400|
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Cost estimates assume single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific zip code location which can decrease or increase coverage prices considerably.
Based upon the table data, we can conclude that vehicles like the Honda Accord, Ford Escape, Honda CR-V, and Hyundai Elantra will definitely be the more affordable vehicles to insure for teen drivers. Prices will tend to be more expensive anyway just because there is more exposure for 17 year olds, but in general those specific models will have the least expensive rates possible.
Drive safe and save
In a perfect world, the ideal way to score low insurance rates in Ohio for teen drivers is to be a good driver and maintain a clean driving record. The information below illustrates how traffic citations and at-fault accidents can raise car insurance rates for different age categories. The premiums are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied.
The data in the chart shows the average cost of auto insurance in Cleveland per year with a clean driving record and no accidents is $1,367. Factor in one speeding ticket and the average cost jumps to $1,550, an increase of $183 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for 17 year olds jumps again to an average of $3,199. That’s an increase of $1,833, or $153 per month, just for being a less-than-perfect driver!
The diagram below demonstrates how choosing different deductibles can influence annual premium costs when getting quotes for cheap insurance for 17 year olds. The rates are based on a married female driver, comp and collision included, and no discounts are applied.
A 50-year-old driver could lower rates by $184 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $280 by selecting a $1,000 deductible. Even younger insureds, like the age 20 example, have the ability to save up to $458 each year by choosing a higher deductible. When raising deductibles, it is a good idea to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
The benefits of price comparisons
Ohio insurance rates are based on many factors that control the price you pay for coverage. Simply having a birthday, having a teenage driver, or getting a few speeding tickets can trigger changes in premium that can make some companies cheaper than before.
Also, insurance companies file new Ohio car insurance rates every year or even multiple times each year to help ensure profitability. Heavier than normal losses may result in increased policy costs, while less frequent claims can produce cheaper Cleveland car insurance rates.
For example, the graph below analyzes the cheapest car insurance in Cleveland, OH for a 45-year-old female driver with no accidents, a clean driving record, and good credit. If we estimate rates based on her current risk profile, Utica National might offer the lowest car insurance rates in Cleveland at $793 annually. This is $247 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers round out the rest of the cheapest Cleveland, OH auto insurance companies.
The next chart shows rates after we give the driver from the above example a couple of claims, slightly worse credit, and a traffic ticket or two. Because every insurance company has their own process for determining rates in each state, getting updated rate quotes could result in a slightly different list of the cheapest Cleveland car insurance companies as shown below.
Merchants Insurance Group now has the cheapest rate in Cleveland, OH with Cincinnati Insurance, Grange Mutual, Motorists Mutual, and General Casualty now being in the top five. This example proves why consumers need to compare as many rates as possible when trying to find the lowest insurance rates for 17 year olds. Rates are determined by many things and can increase or decrease at any time, so the cheapest rate the last time you shopped around may now be an over-priced policy.
How to find cheaper insurance for 17 year olds
It is possible to find better rates, and here are some of the recommended penny-pinching ideas that can help drivers buy more affordable car insurance.
- Pay lower rates with good credit
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Vehicles with good safety ratings have lower liability rates
- Claim-free drivers earn discounts
- Accident-free drivers may qualify for discounts
- Compare rates regularly to ensure the best deal
The last idea is extraordinarily valuable, as was noted in this write-up. Car insurance rates in Cleveland can be modified anytime, so drivers shouldn’t hesitate to switch companies if a better deal can be had.
Many drivers prefer to stick with one company, but is isn’t recommended if that stubbornness costs you money that could be going to better use. If you have a few minutes, compare prices and find cheaper car insurance for 17 year olds.