What's the average cost of car insurance in Toledo?
The average cost of car insurance in Toledo, Ohio, is $1,227 each year. That's more than the average in Ohio ($1,047) and cheaper than the national average of $1,548. Our guide to car insurance in Toledo — researched and written by The Zebra's team of licensed insurance experts — includes average premiums based on age, credit score, driving history, and marital status. Read on for more information.
CAR INSURANCE RATES IN TOLEDO
|Toledo Average (annual)||Ohio Average||U.S. Average|
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Toledo car insurance premiums by company
The difference in auto insurance rates from company to company can be substantial. In Toledo, GEICO provides the most affordable rates for the typical insurance customer. We've gathered the best cheap car insurance companies in Toledo below. You should only use this list as a starting point: it's important to compare quotes specific to your unique driving profile.
TOLEDO CAR INSURANCE RATES BY COMPANY
|Insurer||Average Yearly Rate|
Toledo auto insurance rates by age
The age group that pays the least for car insurance in Toledo are drivers in their 50s ($1,093per year). Drivers in their 60s pay marginally higher rates — $1,123 per year.
The Toledo drivers who pay the highest insurance rates are teenagers. One of the easiest ways to lower your car insurance rates as a driver in Toledo is to age out of your teenage years. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Toledo is $3,903, the largest such difference between any two age brackets.
TOLEDO CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age||Average Yearly Rate|
Toledo auto insurance costs by marital status and gender
Marital status and gender are contributing factors to car insurance rates in many cases. In most locations in the US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Toledo pay $73 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Toledo, widowed drivers pay less than those who are single.
Gender is another factor that can influence auto insurance rates. In Toledo, male drivers pay $2 more per year for car insurance than do female drivers.
TOLEDO CAR INSURANCE RATES: BY MARITAL STATUS AND GENDER
|Gender/Marital Status||Average Yearly Rate|
Toledo auto insurance costs by incident history
No matter where you live, keeping your driving record clean is a great way to keep your auto insurance rates low. At-fault accidents, DUIs, reckless driving citations, and speeding tickets all contribute to expensive auto insurance rates, as insurance companies reward low-risk drivers with the gift of affordable rates.
Toledo drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $740 per year versus the city average. A ticket for speeding results in a $277 rate hike while a DWI or DUI violation costs $748per year in extra insurance expenditures.
TOLEDO CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident||Average Yearly Rate|
|At-fault Accident (damages < $1,000)||$1,770|
|At-fault Accident (damages greater than $2,000)||$1,924|
|Speeding Ticket (16-20 mph over speed limit)||$1,504|
Toledo car insurance rates by credit tier
An important insurance rating factor is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. Toledo drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 58% on their auto insurance premiums. Moving from "Very Poor" to "Fair" credit is an important step toward saving money on auto insurance. In Toledo, improving your credit to "Fair" could help you earn an $895 decrease in annual car insurance rates.
TOLEDO CAR INSURANCE RATES BY CREDIT LEVEL
|Credit Score||Average Yearly Rate|
What drives up car insurance rates in Toledo?
Where you live in Toledo affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Toledo is no exception to the rule. From zip code 43617 to 43608, premiums rise by 6 percent—that’s $68.
Expensive Toledo Zip Codes: 43613, 43609, 43610, 43607, 43608
Cheap Toledo Zip Codes: 43617, 43537, 43615, 43614, 43623
Toledo Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads, and decreased visibility.
And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. In Toledo, you can expect 133 rainy days with an annual rainfall of 33 inches. Toledo is also known to experience severe winter storms.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Toledo Agents
Stapleton Insurance & Risk Management
7250 Crossleigh Ct, Toledo, OH 43617
Knight Insurance Group
22 N Erie Street, Toledo, OH 43604
Stoner Johnson Ins Agcy Inc
2330 Airport Hwy, Toledo, OH 43609
Martin & Martin Agency Inc.
1226 Nevada St, Toledo, OH 43605
A1 Auto Insurance
520 Madison #4, Toledo, OH 43604
Martin-Lark Insurance Agency Inc.
PO Box 8068, Toledo, OH 43605
Burnor Insurance Agency
316 N Michigan St Ste 700, Toledo, OH 43604
811 Madison Ave, Toledo, OH 43604
Westgate Insurance Agency, Inc.
3450 W Central Ave Ste 344, Toledo, OH 43606
House of Insurance Agency, Inc.
5801 Telegraph Rd Side, Toledo, OH 43612
Brooks Insurance Agency, Inc.
1120 Madison Ave, Toledo, OH 43604
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