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The average car insurance cost in Toledo, Ohio is $1,184 per year, according to data. This is $161 more than the average auto insurance cost in Ohio and $498 less than the national average, as analyzed by

Average cost in ToledoAverage cost in OhioNational average cost

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Toledo, the average car insurance rates by age, gender and how much is car insurance in Toledo based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Toledo. Read on to learn more.

Key Takeaways

  • The average car insurance cost in Toledo, Ohio is $1,184 per year.
  • Nationwide offers the cheapest car insurance in Toledo, at an average of $753 per year.
  • Young adults pay $2,120 per year for car insurance in Toledo.

Cheap car insurance companies in Toledo

Nationwide offers the cheapest car insurance in Toledo, at an average of $753 per year with full coverage limits of 100/300/100.

The second cheapest company in Toledo is Geico, offering car insurance rates at $796 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Toledo before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Toledo, Ohio:

Company NameAverage annual costAverage monthly cost
Erie Insurance$1,037$86
State Farm$1,169$97
American Family$1,171$98
Farmers Insurance$1,574$131

Read about the best car insurance companies.

Average car insurance cost in Toledo by coverage limits

In Toledo, the average car insurance rates based on coverage types are as follows:

  • State minimum coverage: $389 per year (limits are 25/50/25)
  • Liability only coverage: $469 per year (limits are 50/100/50)
  • Full coverage: $1,184 per year (limits are 100/300/100)
  • Non-owners coverage: $295 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Toledo

The average car insurance rate for a female driver in Toledo, Ohio, is $1,190 per year.

While the rate for a male driver is $1,184 per year, which is $6 less than what female drivers pay, according to a rate analysis by

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Toledo

In Toledo, car insurance rates are the highest for teens, at $4,798 per year or $400 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,120 per year for their car insurance which is $2678 less than what the teens pay for their insurance policy.

The car insurance rates in Toledo for adult and senior drivers are $1,225 and $1,189 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Age groupAverage annual rates
Teens (16- to 19-year-olds)$4,798
Young adults (20- to 24-year-olds)$2,120
Adults (25- to 55-year-olds)$1,225
Seniors (60- to 75-year-olds)$1,189

If we look at the car insurance rates trends in Toledo, Ohio, it was on an upward swing from 2016 to 2019. From 2019 to 2022, the rates decreased overall by 13%, or $181.

The table below shows the trend for three years:

2016 rates2019 rates2022 rates


In conclusion, the insurance rates in Toledo, are higher than the average insurance cost in Ohio. Shopping around and taking advantage of available discounts, drivers in Toledo can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.


Methodology team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

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

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Prachi Singh
Contributing Researcher


Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.