The best car insurance in Toledo, OH

By

Erin Gobler

Erin Gobler

Insurance Expert

Erin Gobler is a freelance insurance writer at Policygenius, specializing in auto insurance. Erin has been writing about insurance and other personal finance topics since 2018 and has been published in some of the industry’s leading publications.

Published November 10, 2021

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Drivers pay an average car insurance rate of just $1,038 in Ohio, making it one of the cheapest states in the nation for car insurance. Additionally, Toledo drivers can get even lower insurance rates, as many major carriers offer premiums below $1,000.

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Despite the already low rates in Toledo, it’s important to shop around to get the best rate. Policygenius can help you see quotes from the top insurers in Toledo and answer your insurance questions so you can choose the best coverage.

Key Takeaways

  • USAA has the cheapest car insurance in Toledo, with an average rate of $803

  • GEICO and Nationwide have some of the lowest rates in Toledo for driver with bad credit

  • Ohio drivers must have at least $25,000 per person and $50,000 per accident in bodily injury liability coverage, and $25,000 in property damage liability coverage

Cheapest car insurance companies in Toledo, OH

Car insurance companies use a variety of factors to determine a driver’s car insurance premium. Some of the most important factors include your age, driving history, location, and credit score. And while each company relies on the same set of information, they all use a different formula to set their rates. As a result, one driver may get very different quotes from different providers. As you can see below, USAA has the cheapest car insurance in Toledo, followed by GEICO.

Company

Average cost

JD Power Rating

USAA

$803

890

GEICO

$889

871

Erie

$900

880

Auto-Owners Insurance

$918

890

Nationwide

$974

876

Cheapest car insurance rates by ZIP code in Toledo, OH

Not only does the city where you live affect your car insurance rates, but so does your ZIP code. Some communities have higher crime rates, more accidents, or a higher rate of uninsured drivers than others. As a result, drivers in those ZIP codes are likely to pay higher insurance rates. On the other hand, drivers in neighborhoods with lower crime rates or fewer accidents are likely to pay lower insurance rates. Below is a breakdown of the average insurance in rate in each Toledo ZIP code.

ZIP code

Average cost

43601

$1,238

43604

$1,245

43605

$1,212

43606

$1,184

43607

$1,227

43608

$1,282

43609

$1,199

43610

$1,282

Choosing the right car insurance company in Toledo, OH

When looking for car insurance, it’s important to find an insurance company that offers all the coverage you need for an affordable price. The best way to save money on car insurance is to shop around for the best rate. Policygenius can help you compare rates across Toledo’s top providers and choose the best coverage for you.

Car insurance rates for drivers with driving violations in Toledo, OH

One of the most important factors affecting your car insurance rate is your driving record. Drivers with violations on their records will pay higher insurance rates. How much your rate increases after an offense will depend both on the offense in question and the provider. As you can see below, certain factors, such as driving without lights, might have a minor effect on your rate, while others, like causing an accident or driving under the influence, will have a much larger impact.

Violation

USAA

GEICO

Erie

Auto-Owners Insurance

Nationwide

At-fault Accident

$1,250

$1,626

$1,314

$1,321

$1,649

DUI

$1,301

$2,074

$1,570

$1,828

$2,057

Driving with a suspended license

$1,258

$1,150

$1,570

$1,828

$2,057

Driving with an open container

$1,168

$2,074

$1,057

$1,828

$1,304

Driving with expired registration

$1,084

$1,150

$1,057

$908

$1,304

Driving without Lights

$862

$1,150

$1,057

$908

$1,304

Failure to show documents

$1,084

$1,150

$1,057

$908

$1,304

Failure to stop at a red light

$1,084

$1,150

$1,057

$908

$1,304

Cheapest car insurance for drivers with bad credit in Toledo, OH

Studies have found a link between credit score and insurance risk. [1] In general, drivers with poor credit are more likely to file insurance claims, while drivers with good credit are less likely to. As a result, most insurers charge higher rates for those drivers with bad credit to make up for the extra risk the company is taking on. GEICO has the cheapest rates for drivers with bad credit.

Company

Rates for drivers with bad credit

GEICO

$1,308

Nationwide

$1,438

Grange Insurance

$1,444

USAA

$1,489

Travelers

$2,077

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Buying car insurance in Toledo, OH

In Ohio, all drivers are required to have car insurance or other proof of financial responsibility to legally operate a vehicle. Ohio requires that drivers carry the following insurance coverages:

  • $25,000 per person and $50,000 per accident of bodily injury liability coverage

  • $25,000 of property damage liability coverage

Ohio isn’t a no-fault insurance state, meaning the driver at fault for an accident is financially responsible for all damage to people and property. If you cause an accident where there are property damages or injuries, your liability coverage will cover your costs up to your coverage limits. Any damages above and beyond your coverage limits are yours to pay out of your own pocket.

The penalty for driving without insurance for the first time in Ohio is a driver’s license suspension until requirements are met. You’ll face a one-year license suspension on your second offense, and a two-year license suspension for any subsequent offenses. You may also lose your license plates and vehicle registration, with a reinstatement fee required to get them back. The reinstatement fee rates from $100 on the first offense to $600 on third and subsequent offenses.

Ohio does give drivers the option of providing proof of financial responsibility without carrying liability insurance. Drivers can instead use a bond worth at least $30,000, carry a certificate of self-insurance, or post collateral.

How to get cheap car insurance in Toledo, OH

Toledo drivers enjoy some of the lowest car insurance rates in the country. However, you can save even more on your insurance rates by taking a few simple steps:

  • Shop around for rates: Policygenius can help you get quotes from the top insurance carriers in your area to find an affordable policy that doesn’t sacrifice good coverage.

  • Raise your deductible: The higher your deductible — meaning the amount you pay out of pocket before insurance kicks in — the lower your insurance premiums.

  • Save with discounts: Many insurance companies offer discounts for bundled policies, safe drivers, vehicle safety features, and more.

Frequently asked questions

How much does car insurance cost in Toledo?

Ohio has some of the lowest insurance rates in the country, with an average insurance premium of $1,038 per year. Toledo residents have access to even cheaper insurance plans through many insurance carriers.

Who has the cheapest car insurance in Toledo?

USAA offers the cheapest car insurance in Toledo, with an average rate of $803. However, USAA is only available to certain customers, such as military service members, veterans, and their families. The cheapest insurance provider available to everyone is GEICO, which has an average rate of $889 in Toledo.

What factors affect my car insurance rates?

Your insurance rate is affected by many personal factors such as your age, gender, driving history, and credit score. Other factors that play a role include the vehicle you drive, how often you drive, your location, and the type of coverage you buy.

How much insurance are Toledo drivers required to have?

All Ohio drivers, including those in Toledo, are required to have at least $25,000 per person and $50,000 per accident in bodily injury liability coverage, and $25,000 in property damage liability coverage.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.