Toledo, OH Car Insurance
How much does car insurance cost in Toledo?
Toledo has a relatively low cost of living when compared to other major cities in the United States. The average auto insurance rate in Toledo is $684 for a six-month policy, or around $114 per month. Our 2023 data indicates that USAA offers the most cost-effective car insurance in Toledo, with rates starting at $498 for a six-month policy. For those who don't meet USAA's requirements, State Farm and Erie are also good options.Â
Toledo residents pay more than the statewide average for car insurance in Ohio, which is $589 per six-month policy. The city's average rates are also higher than the national average of $742. Our data indicate that 37% of Toledo residents feel like they are paying too much for their car insurance. Whether you want to compare your rates to those typical of Toledo or better understand the factors that influence your premiums, such as age, credit score, and weather, we've got you covered.
| Car Insurance in Toledo vs. Ohio | Avg. 6 Mo. Premium |
|---|---|
| Ohio Average | $589 |
| Toledo Average | $684 |
The cheapest car insurance companies in Toledo
USAA offers the cheapest coverage in Toledo, at just $83 per month or $498 for a six-month policy. But be aware that only USAA coverage is available to military members and their families, so you may not be eligible.Â
In second place is State Farm, offering auto insurance rates of just $92 per month ($552 for six months).
Finishing out as third-cheapest on our list is Erie. A policy from Erie in Toledo costs $560 per six-month policy, which still comes in at under $100 per month.
The Zebra's key takeaways about car insurance in Toledo:
- The average cost of a car insurance policy in Toledo is $684 per six-month policy — $114 per month.
- The cheapest company in Toledo is USAA ($498).
- Toledo ranks as the 7th most expensive city for car insurance in Ohio.
- 37% of Zebra customers in Toledo are using our tools because they feel they're paying too much for their current auto insurance.
Are you paying too much for auto insurance?
Toledo car insurance rates by company
For Toledo in 2023, our data shows that the cheapest company for full coverage auto insurance is USAA at $83 per month or $498 for a six-month policy, followed by State Farm at $92 per month or $552 for a six-month policy. Although USAA typically offers lower rates, it is only available to military members and their families, so not everyone can take advantage of this option. We can also provide you with more information about the top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.
Cheapest car insurance companies in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $498 |
| State Farm | $552 |
| Erie | $560 |
| GEICO | $602 |
| Progressive | $647 |
| Ohio Mutual Ins Group | $745 |
| Allstate | $1,064 |
The Zebra’s Dynamic Insurance Rating Tool data methodology
The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.
The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.
For a comprehensive understanding, see our detailed methodology.
Shop around to save on car insurance
When it comes to finding the right car insurance coverage in Toledo, your time and money are valuable. Save both by using our comparison tool to shop around for the coverage you need at a price you can afford. By entering your ZIP code, you can compare rates from top companies such as Progressive, Allstate, GEICO, and others, to find the best and most affordable car insurance in Toledo.
Average car insurance in Toledo by rating factor
Your car insurance rates in Toledo are determined by a variety of rating factors, and different insurers may place greater emphasis on one factor over another. For instance, some insurers may prioritize credit scores, while others may place a greater emphasis on previous claims history. This implies that the car insurance provider that worked for you in your 20s may not be the best fit for you in your 40s.
To make sure you're receiving the best possible rate, it's essential to obtain insurance quotes regularly in Toledo. Additionally, it's wise to reevaluate your insurance needs and the cost of coverage when personal circumstances change due to events such as marriage, landmark birthdays, or credit improvement.
Q: I didn't have an accident — Why is my insurance going up?
A: In Toledo, end-of-year earnings, which refer to the revenue of premiums versus the cost of paying insureds’ claims, are a significant factor in auto insurance rates. Even if you're a great driver with zero claims, you may still pay more with one insurance company than another due to the costs they incur by doing business in Toledo.
Auto insurance premiums by age in Toledo
In Toledo, age is a key factor in determining car insurance premiums. Insurance companies assess risk when analyzing data to determine which drivers, or groups of drivers, are more likely to file a claim. Unfortunately, teen drivers have an accident rate that is significantly higher than any other group, resulting in the steepest increase in premiums. In Toledo, it can cost up to $3,450 more per year for teens than for someone who is 20-24 years old, which is nearly a $300 per month difference.
The cost of insurance for teens in Toledo can be surprising for both them and their parents, but it's important to remember that insurers are in the business of risk management. Higher rates for teen drivers help offset the costs of paying claims. Since teenage drivers are more likely to have an accident than drivers of other ages, companies have to take this into consideration when it comes to rates.
Cheapest car insurance companies for teen drivers in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $1,345 |
| Erie | $1,513 |
| GEICO | $1,763 |
| State Farm | $2,144 |
| Ohio Mutual Ins Group | $2,287 |
| Progressive | $2,404 |
| Allstate | $2,620 |
Zebra Tip:Â The cheapest companies for Toledo drivers between 20-40 are USAA, Erie and GEICO
Most Toledo drivers are in this age group and pay an average of $814 every six months. However, by selecting these specific insurance companies, drivers can save up to 22%. It's essential to keep in mind that USAA insurance is only available to military members and their families, so Erie and GEICO are excellent alternatives if you don't qualify for USAA coverage.
Auto insurance premiums for minimum coverage in Toledo
Your coverage level is a factor that you can adjust to impact the premium you'll pay for car insurance in Toledo. Our research shows that 29% of Toledo drivers have the state minimum coverage, which can save money on premiums but also leaves them at risk of being underinsured in the event of an accident. While states only require a certain amount of coverage, the bare minimum may not always be the best option in the long run.
Adding collision or comprehensive coverage (together they're often referred to as full coverage) can increase your rates, but it can provide more peace of mind behind the wheel in Toledo. These coverages usually come with a deductible, which can also impact your rates. Generally, the higher your deductible, the lower your rates will be. For example, coverage with a $2,500 deductible will typically cost less per month (or per policy period) than coverage with a $1,000 deductible.
In Toledo, you may want to consider extras like roadside assistance or uninsured motorist coverage that can protect you against drivers who don't have their own auto insurance. These add-ons can increase your overall car insurance rates, but The Zebra's insurance experts recommend carrying them for both peace of mind and practicality in the event of an accident.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
If you are a Toledo driver who is currently leasing or financing your car, you probably have a coverage requirement you have to maintain. But if you own your car outright, you have the option to lower your car insurance coverage to save on premiums. Keep in mind that dropping comprehensive or collision coverage could leave you at risk of paying for damages out of pocket in the event of an accident. Before making any changes to your policy, get a quote for the coverage you need to make an informed decision.
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Cheapest car insurance companies for minimum coverage in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $167 |
| GEICO | $195 |
| Erie | $197 |
| State Farm | $210 |
| Progressive | $255 |
| Ohio Mutual Ins Group | $263 |
| Allstate | $348 |
About 40% of The Zebra's customers in Toledo choose the basic tier of coverage, but there are several options of coverage levels to choose from. As mentioned above, carrying the state minimum required coverage is a money-saver in the short term, but could have potential long-term consequences if you're underinsured in the event of an accident. Ohio's 25/50/25 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $25,000 for property damage. The minimum amount might be enough if things are straightforward, but in a complicated situation, it may not be enough coverage for you.
Learn more about insurance laws in Ohio.
Toledo car insurance rates by credit score
Don't underestimate the importance of your credit score when it comes to car insurance rates. Insurance companies have found that drivers with lower credit scores are more likely to have accidents and file claims, so if your credit score is less than stellar, you may end up paying more for coverage than someone with a higher score.
Toledo drivers with poor credit scores can expect to pay an average of $2,434 per year for car insurance, which is about 113% more than drivers with excellent credit scores. If you have a low credit score, consider taking steps to improve it, as doing so can lead to lower car insurance rates in the future.
Cheapest car insurance companies for bad credit in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| GEICO | $717 |
| USAA | $811 |
| Progressive | $1,022 |
| State Farm | $1,036 |
| Ohio Mutual Ins Group | $1,109 |
| Erie | $1,259 |
| Allstate | $1,493 |
Zebra Tip: If you've improved your credit score, it's time to shop for car insurance!
In Toledo, your credit score can have a significant impact on your car insurance rates. By improving your credit from "poor" to "fair" you can potentially save an average of $804 per year, according to our data. If you're looking to save money on your premiums, improving your credit score is one effective way to do so.
Auto insurance rates with an at-fault accident
In Toledo, at-fault accidents and collisions are the most common insurance claims. If you're involved in an at-fault accident in Toledo, you can expect to see an increase in your monthly insurance premium of between $30 and $55 per month, on average. However, this can vary depending on your insurance company and other factors such as the severity of the accident. Shopping around for insurance quotes is always a good idea, especially after an accident.
When it comes to car insurance, a clean driving record can be a major advantage. If you have no accidents or moving violations, insurance companies consider you a low-risk driver and may offer you better rates. Conversely, if you have a history of accidents or violations, you may be viewed as a higher risk and pay more for coverage.
Cheapest car insurance companies after an at-fault accident in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $712 |
| Erie | $723 |
| USAA | $725 |
| GEICO | $916 |
| Progressive | $980 |
| Ohio Mutual Ins Group | $1,220 |
| Allstate | $1,736 |
Toledo car insurance rates by violation
Take a look at our table below to see exactly how much various violations and tickets could cost you in Toledo.Â
Car insurance rate increases after violations and citations in Toledo, OH
Why is car insurance in Toledo so expensive?
Toledo is known for its proximity to Lake Erie and the Maumee River, which can lead to hazardous driving conditions in the winter months. This can increase the risk of accidents, which in turn can lead to higher insurance rates. Additionally, Toledo has a high crime rate in certain neighborhoods, which can also impact insurance premiums. Let's look at some details pertaining to the price of insurance in Toledo.
As cities grow and our economy experiences ups and downs, the cost of living tends to increase in popular metropolitan areas. This tends to mean an increased cost of doing business for auto insurers, which is then passed on to drivers in the form of higher auto insurance rates.
The location where you drive and park your car can greatly impact your auto insurance rates. In Toledo, certain ZIP codes may be more expensive to insure due to higher crime rates, risk of theft, and uninsured drivers. Insurance companies take into account these factors when assessing the risk of insuring a driver in a specific location. Therefore, you may be able to find lower insurance rates if you live in a safer area of Toledo compared to a high-risk area.
Expensive Toledo ZIP codes:Â 43608, 43610, 43620, 43604, 43601
Cheap Toledo ZIP codes:Â 43537, 43617, 43615, 43623, 43614
Toledo is situated in an area of Ohio that is prone to severe weather conditions such as thunderstorms, tornadoes, and snowstorms. Flooding is something that can happen just about anywhere if the circumstances are right. Weather events can cause significant damage to vehicles and result in higher insurance premiums. It's important to consider carrying comprehensive coverage to protect your car from weather-related incidents.
As Toledo grows and its population increases, this means more drivers on the road, which then results in more accidents. Insurers have to account for this by raising rates (even for good or infrequent drivers), so this can also affect your personal auto insurance rates.
Zebra Tip: Uninsured property damage coverage
Toledo drivers might want to consider adding uninsured motorist coverage to their auto insurance policy. In areas with high rates of uninsured drivers, this coverage can help protect you financially if you're in an accident with an uninsured or underinsured driver. And because it's not a collision claim, it generally won't cause your rates to increase as much.
Bundling insurance policies in Toledo
Are you looking to save money on your insurance? Consider bundling home and auto policies together. Not only can you get a discount on your premiums, but it also simplifies the insurance process by having one company handle multiple policies.
Don't assume that bundling your home and car insurance is always the best option. Take some time to compare prices for separate policies versus bundled policies to see what makes the most sense for your needs and budget.
Cheapest car insurance companies for bundling home and auto insurance in Toledo, OH
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $452 |
| USAA | $469 |
| Erie | $513 |
| Progressive | $552 |
| GEICO | $554 |
| Ohio Mutual Ins Group | $640 |
| Allstate | $884 |
When shopping for auto insurance, it's important to keep your priorities in mind. While affordability is certainly a key consideration, it's also important to make sure that you have the coverage you need to protect yourself and your vehicle. That's why it's important to compare quotes from different providers, taking into account the specific coverage options and benefits that each company offers. By doing so, you can find an insurance company that meets your needs and budget.
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Frequently asked questions
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.