The vehicle requiring insurance is probably the largest consideration that determines the availability of the most affordable coverage for good students. Vehicles with limited speed and performance, modern passenger safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than adrenaline junky models.
The table below ranks coverage prices for a selection of the most affordable vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $4,708 |
| Honda CR-V EX-L 4WD | $4,757 |
| Ford Escape XLT 4WD | $4,762 |
| Toyota Prius | $5,115 |
| Dodge Grand Caravan SE | $5,276 |
| Ford F-150 XL Super Cab 4WD | $5,283 |
| Ford Explorer Eddie Bauer 2WD | $5,276 |
| Honda Odyssey EX | $5,534 |
| Ford Edge SE AWD | $5,539 |
| Chevrolet Equinox LS 2WD | $5,582 |
| Chevrolet Malibu Hybrid | $5,589 |
| Chevrolet Impala LT | $5,582 |
| Toyota RAV4 Limited 4WD | $5,591 |
| GMC Sierra SLE Crew Cab 2WD | $5,582 |
| Jeep Grand Cherokee Laredo 2WD | $5,588 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $5,787 |
| Hyundai Elantra SE 4-Dr Sedan | $5,889 |
| Toyota Tacoma X-Runner 2WD | $5,896 |
| Toyota Camry SE | $5,889 |
| Nissan Altima 2.5 S 4-Dr Sedan | $5,896 |
| Toyota Corolla LE | $5,889 |
| Volkswagen Jetta SEL 4-Dr Sedan | $5,940 |
| Ford Fusion SE 4-Dr Sedan | $5,950 |
| Find Cheaper Rates Go | |
Data assumes 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. Prices do not factor in specific garaging location which can decrease or increase coverage rates significantly.
Based on these rates, you can figure that vehicles like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Dodge Grand Caravan should be some of the most budget-friendly vehicles to insure for student drivers.
For student drivers, one of the largest things that are looked at to determine car insurance rates is where you call home in Columbus. Larger areas tend to have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The following table shows the priciest cities in Ohio for good students to purchase a policy in. Columbus is ranked at #4 costing $1,199 for coverage, which is approximately $100 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Toledo | $1,279 |
| 2 | Cleveland | $1,235 |
| 3 | Youngstown | $1,235 |
| 4 | Columbus | $1,199 |
| 5 | Cincinnati | $1,174 |
| 6 | Akron | $1,169 |
| 7 | Cleveland Heights | $1,166 |
| 8 | Hamilton | $1,146 |
| 9 | Dayton | $1,142 |
| 10 | Euclid | $1,140 |
| 11 | Springfield | $1,072 |
| 12 | Newark | $1,063 |
| 13 | Beavercreek | $1,058 |
| 14 | Canton | $1,058 |
| 15 | Middletown | $1,055 |
| 16 | Fairfield | $1,053 |
| 17 | Lakewood | $1,041 |
| 18 | Kettering | $1,040 |
| 19 | Cuyahoga Falls | $1,037 |
| 20 | Mansfield | $1,032 |
| Find Cheaper Insurance Go | ||
Rates are approximated as the vehicle garaging location can raise or lower premiums considerably.
Finding dependable, cost effective auto insurance is not always easy, and figuring out which companies offer the lowest-priced insurance rates for good students requires even more diligence. Each company uses their own calculation to determine rates, so let’s begin by taking a look at the insurance companies that tend to have lower prices in Columbus, OH.
It’s important to understand that Columbus, OH insurance rates are impacted by many things that may substantially change the price you have to pay. That is why consumers need to compare rates to find the lowest auto insurance rates for good students. Car insurance prices can be determined by many different factors and change substantially, so the most economical option when you last compared rates may now not even be in the top five.
Cheap Insurance Rates for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $647 |
| 2 | Erie | $661 |
| 3 | Allied | $669 |
| 4 | Frankenmuth | $687 |
| 5 | Travelers | $733 |
| 6 | USAA | $741 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $771 |
| 9 | Motorists Mutual | $800 |
| 10 | Grange Mutual | $812 |
| 11 | General Casualty | $813 |
| 12 | Hastings Mutual | $866 |
| 13 | Central Mutual | $874 |
| 14 | State Farm | $894 |
| 15 | Westfield | $918 |
| 16 | Atlantic States | $931 |
| 17 | Western Reserve | $941 |
| 18 | Progressive | $953 |
| 19 | Auto-Owners | $958 |
| 20 | Nationwide | $1,018 |
| Find Cheaper Rates Go | ||
Utica National has some of the most affordable car insurance rates in Columbus at around $647 each year. Erie, Allied, Frankenmuth, and Travelers also make the cut as some of the lowest-priced Columbus, OH car insurance companies.
As shown above, if you are a policyholder with Travelers and switched to Erie, you might see a yearly savings of in the vicinity of $72. Ohio drivers with USAA may save as much as $80 a year, and Cincinnati Insurance customers might lower prices by $88 a year.
To discover how much you can save, click here to start a quote or click several companies below for low rates.
These estimates are averaged across all types of insureds and vehicles and and are not calculated with a specific zip code for good students. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That’s why you need to get quotes using your own individual information.
The diagram below demonstrates how deductibles can influence insurance prices when searching for cheap insurance for good students. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 40-year-old driver could save $186 a year by increasing from a $100 deductible up to a $500 deductible, or save $282 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could lower their rates $612 every year by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will be important to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Buying coverage from the best insurance company is hard considering how many choices there are in Ohio. The rank data in the lists below can help you analyze which car insurance providers you want to consider when comparing rate quotes. These ratings only include companies that write coverage in many states, so companies that focus mainly on Ohio business are not included in this list.
Top 10 Large Auto Insurance Companies in Columbus Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Large Auto Insurance Companies in Columbus Ranked by Customer Service
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Erie Insurance
- Allstate
The importance of shopping around
Ohio insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Simply getting older, adding a teenager to your policy, or getting caught speeding can trigger changes in premium that can cause some rates to be cheaper than competitors.
Not only may your risk profile change, but companies file new Ohio car insurance rates multiple times each year to help ensure profitability. Heavy losses can cause more expensive prices, while profitable underwriting can produce lower-priced Columbus car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Columbus, OH for a 35-year-old female driver with no accidents, a clean driving record, and great credit. If we estimate rates based on her personal profile, Utica National might offer the best car insurance rates in Columbus at $788 annually. This is $252 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and USAA round out the rest of the cheapest Columbus, OH auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a claim surcharge, bad credit, and a few blemishes on her driving record. Since each auto insurer has a proprietary method to set policy rates, comparing quotes may now present a completely different list of the cheapest car insurance companies in Columbus as shown below.
Cincinnati Insurance now has the best price on car insurance in Columbus with Merchants Insurance Group, Motorists Mutual, Grange Mutual, and General Casualty also being competitive. This demonstrates why Columbus drivers need to compare as many rates as possible when trying to find the most budget-friendly auto insurance rates for good students.
Insurance prices are made up of many different factors and can decrease or increase without notice, so the lowest-price company a year ago may now be one of the more expensive options.