Best cheap car insurance in Toledo for 2025

Best cheap car insurance companies in Toledo

Choosing the best Ohio car insurance involves considering various factors beyond just cost. While Hastings Mutual, Nationwide and Central Mutual offer some of the cheapest full coverage rates, our Bankrate editorial team also evaluates insurers based on their product offerings, customer satisfaction scores from J.D. Power, claims support, online capabilities and financial strength ratings. We use these factors and more to assign each carrier a Bankrate Score out of 5 points.

The cheapest car insurance companies in Toledo

When searching for cheap car insurance in Toledo, it’s important to consider factors specific to the region and state. Ohio, known for its varied weather conditions, can affect driving safety and consequently, insurance rates. In Toledo, proximity to Lake Erie sometimes results in lake-effect snow, which can impact driving conditions and risk assessments. Additionally, Toledo's urban setting and traffic patterns may influence insurance costs. Understanding these local variances can help you find the most cost-effective car insurance options tailored to your needs.

How much is car insurance in Toledo, Ohio?

In Toledo, Ohio, the average annual cost of car insurance is $545 for minimum coverage and $1,977 for full coverage. Compared to the Ohio average, minimum coverage premiums in Toledo are 15 percent more and full coverage premiums are 11 percent more.

Toledo rates for teens

Teen drivers see some of the highest average car insurance premiums due to their lack of driving experience and higher risk of accidents. In Toledo, adding a teen driver to their parents' policy is usually more cost-effective than having the teen secure their own policy. Many insurers offer discounts for good students or for teens who complete driver education courses, which may help mitigate some of the higher costs associated with insuring teen drivers.

Toledo rates for young drivers

Young drivers moving off their parents' insurance policies may be shocked at their high quoted rates. Much like teen drivers, young drivers in Toledo, typically those in their early 20s, often experience higher car insurance premiums due to their higher risk profile and limited driving history. For young drivers who are no longer on their parents’ policies, finding insurers that offer competitive rates and substantial discounts for safe driving, good grades or low-mileage usage may be crucial.

Toledo rates for adults

Adult drivers in Toledo often benefit from more stable auto rates compared to younger drivers thanks to their established driving history and lower risk profile. However, premiums can vary significantly based on driving record, vehicle type and chosen coverage levels. Most insurance agents recommend periodically comparing rates from different insurers to ensure you are getting the best value. Adult drivers who have multiple insurance policies needs, like home and auto, may earn big savings by bundling policies with a single insurer.

Toledo rates for senior drivers

Senior drivers in Toledo may initially enjoy lower car insurance rates due to their extensive driving experience and often lower annual mileage. However, as they continue to age, premiums may increase due to the higher risks associated with age-related factors, such as slower reaction times. To mitigate these increases, seniors can take advantage of discounts for defensive driving courses and vehicle safety features and regularly compare rates from different insurers to ensure they receive the most competitive pricing.

The cheapest car insurance in Toledo by driving record

Your driving record significantly influences your car insurance rates in Toledo. Insurance companies assess your risk based on past driving behavior, so having infractions, such as speeding tickets, at-fault accidents or DUIs, can lead to higher premiums.

Car insurance with a speeding ticket in Toledo

Drivers in Toledo who receive a speeding ticket can expect their car insurance premiums to increase. Insurers view speeding violations as indicators of risky driving behavior, which typically results in higher rates. On average, premiums for drivers in Toledo with a speeding ticket are 22 percent more than the city average. A speeding ticket usually only impacts rates for three to five years, so avoiding future infractions should help bring your rates down over time.

Car insurance after an accident in Toledo

Car insurance premiums are likely to increase significantly for drivers in Toledo with an at-fault accident on their record. An at-fault accident could mark you as a higher-risk driver, leading to higher premiums compared to those with clean records. On average, Toledo drivers with an at-fault accident pay premiums that are 49 percent more than the city average.

Car insurance after a DUI in Toledo

Receiving a DUI in Toledo significantly impacts your car insurance premiums, as insurers categorize DUI offenders as high-risk drivers. On average, premiums for drivers in Toledo with a DUI are 106 percent more than the city average. This substantial increase reflects the heightened risk associated with driving under the influence. To manage these higher costs, drivers could consider seeking out insurers that specialize in high-risk coverage. Note that not all carriers will insure drivers with DUIs, so you might have to shop around if you recently received a DUI conviction.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2023 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, and a single DUI conviction.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.

Bankrate Score

Our 2025 Bankrate Score for auto insurance considers key variables that our insurance editorial team determined impact policyholders’ experiences with an insurance company. These factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach. 

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto insurance companies satisfy these priorities, our team analyzed quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC). 
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated the discount options listed on each company’s website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.