Cheapest Car Insurance Quotes In Parma, OH For 2024

In Parma, USAA is notably the most affordable choice for car insurance, offering an average rate of $20 per month.

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Updated: 29 March 2024
Written by
Bob Phillips
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When searching for budget-friendly car insurance in Parma, OH, there are various options to consider, but USAA stands out for its competitive rates. On average, residents can expect to pay around $20 per month, significantly below the state’s average of $95.

For those interested in the most affordable liability-only coverage, USAA is the top choice. On the other hand, State Farm provides the best rates for full coverage policies, priced at $92 per month. Additionally, American Family offers the cheapest rates for young drivers, starting at $40 per month.

Cheapest Car Insurance Companies In Parma, OH

Cheapest Car Insurance, Parma, OH

Our Methodology

Utilizing a comprehensive analysis that encompasses multiple factors including customer service ratings, product offerings, pricing, and a thorough examination of various online review platforms and user experiences, I've developed a detailed understanding of the car insurance landscape in Parma, OH. This perspective is informed by over 15 years of personal involvement in the industry as a licensed insurance agent. Throughout this time, I've had numerous interactions with representatives from different companies and have gained insights from firsthand experiences.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Parma, OH?

USAA stands out as the most economical option for car insurance in Parma, OH, offering coverage for as low as $98 per month.

As depicted in the table below, rates are notably lower than the average rates in both the State of Ohio and the entire United States:

Area Average Monthly Rate
National $152
Ohio $95
Parma, OH $98

It’s important to note that the national average cost encompasses a wide range of states with varying car insurance rates. States like New York, New Jersey, and California typically have higher costs, while states like Mississippi, Kentucky, and Wyoming tend to have lower rates.

Car insurance rates can vary significantly by location due to factors such as the type of vehicle, level of coverage, zip code, driving record, and more. Therefore, while USAA’s rates in Parma, OH may be lower than the national average, individual circumstances and location-specific factors can still influence the final cost.

Cheapest Car Insurance Rates In Parma For Minimum Coverage

USAA emerges as the most affordable car insurance provider for minimum coverage in Parma, boasting an average monthly cost of $20.

Provider Average Monthly Cost Average Annual Cost
USAA $20 $238
Progressive $42 $500
American Family $43 $514
State Farm $23 $274
Travelers $49 $581

The minimum car insurance policy should include at least the following:

  • $25,000 for bodily injury per person
  • $50,000 for bodily injury per accident
  • $25,000 for property damage per accident

Maintaining minimum car insurance offers some protection while driving, but it lacks collision or comprehensive coverage. This means damages to your vehicle in accidents or incidents like theft and natural disasters aren’t covered.

In Ohio, driving without insurance is illegal. Failing to provide proof of insurance during a traffic stop can lead to penalties ranging from fines to license suspension or worse.

Cheapest Car Insurance Rates In Parma For Full Coverage

State Farm offers the most affordable car insurance rates for full coverage in Parma, with an average monthly quote of $92.

Provider Average Monthly Cost Average Annual Cost
State Farm $92 $1,286
GEICO $95 $1,141
USAA $71 $850
Allstate $160 $1,918
Progressive $111 $1,326

Full coverage car insurance provides comprehensive protection that extends beyond the basic coverage required by law. This type of insurance typically combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or damage from natural events. On the other hand, collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Parma For Seniors

Nationwide offers the most affordable car insurance rates for seniors in Parma, with an average monthly quote of $35.

Provider Average Monthly Cost Average Annual Cost
State Farm $87 $1,040
GEICO $92 $1,095
Progressive $93 $1,107
Nationwide $35 $418
Allstate $104 $1,249

In Ohio, numerous seniors may benefit from advantageous car insurance rates influenced by various favorable factors. While age commonly plays a role in determining insurance rates, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.

Cheapest Car Insurance Rates In Parma For Teenagers

Teenage drivers in Parma can obtain the most affordable quotes from USAA, with average monthly premiums of $158.

Provider Average Monthly Cost Average Annual Cost
USAA $158 $1,894
Erie $210 $2,518
State Farm $190 $2.278
Auto Owners $205 $2,458
Hastings Mutual $203 $2,434

Teenage drivers typically encounter the highest car insurance premiums, primarily due to their lack of experience on the road. Insurance companies view these young drivers as high-risk because statistics show they are more likely to be involved in accidents and commit traffic violations.

Cheapest Car Insurance Rates In Parma For Young Adults

American Family provides the most affordable quotes for young adults in Parma, with rates averaging around $40 per month.

Provider Average Monthly Cost Average Annual Cost
State Farm $78 $934
GEICO $82 $982
American Family $40 $478
Allstate $93 $1,114
Travelers $80 $958

In Ohio, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This variation in pricing is due to the maturation of driving habits and a corresponding decrease in risk-taking behaviors as drivers grow older.

Statistically, young adults are less likely to file insurance claims, reflecting a reduction in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Parma For Good Drivers

Good drivers in Parma can secure the most affordable car insurance quotes from USAA, priced at approximately $20 per month.

Provider Average Monthly Cost Average Annual Cost
USAA $20 $238
Progressive $42 $500
American Family $43 $514
State Farm $23 $274
Travelers $49 $581

Drivers with clean driving records in Parma typically receive lower car insurance rates because they are seen as lower risk by insurance companies. These companies use driving records as a measure of how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.

Because insurers determine their rates based on the probability of a driver making a claim, having a spotless driving record can result in substantial savings on premiums. It’s all about assessing risk – the cleaner the record, the lower the perceived risk, and thus, the lower the insurance cost.

Cheapest Car Insurance Rates In Parma For Drivers With Prior Incidents

In Parma, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, often encounter challenges in obtaining affordable car insurance. These driving infractions cause insurance companies to classify them as high-risk drivers, indicating a higher likelihood of filing future insurance claims.

As a result, insurance providers raise their rates for these individuals to offset the risk of potential higher claim payouts.

Cheapest Car Insurance Rates In Parma For Drivers With A Speeding Ticket

American Family provides notably affordable rates compared to other companies, with average monthly premiums of $50.

Provider Average Monthly Cost Average Annual Cost
American Family $50 $598
Travelers $89 $1,070
Geico $50 $600
Allstate $77 $925
Progressive $79 $953

Cheapest Car Insurance Rates In Parma For Drivers With An At-Fault Accident

American Family offers the most budget-friendly car insurance quotes for drivers with an at-fault incident, boasting an average rate of $50 per month.

Provider Average Monthly Cost Average Annual Cost
American Family $50 $598
Travelers $89 $1,070
Geico $66 $790
Progressive $102 $1,225
Allstate $77 $925

Cheapest Car Insurance Rates In Parma For Drivers After A DUI

American Family stands out as the company offering the most economical rates for drivers with a DUI, providing Parma drivers with average monthly premiums of $50.

Provider Average Monthly Cost Average Annual Cost
American Family $50 $598
Travelers $103 $1,240
Progressive $73 $880
Geico $91 $1,087
Allstate $85 $1,015

Best Car Insurance Companies In Parma

For drivers in Parma, Ohio, picking the best car insurance provider involves balancing affordable pricing with dependable coverage while on the road. Here are the top 10 car insurance companies in Parma, OH, sorted by their average monthly rates.

Company Monthly Premium
Grange Mutual $102
Auto Owners $90
American Family $93
Hastings Mutual $101
Erie $101
Central Mutual $103
Clearcover $70
State Farm $78
Buckeye $79
USAA $78

Average Car Insurance Rates By Age In Parma

Age Average Yearly Rate
Teenagers $2,940
20s $1,800
30s $1,176
40s $1,032
50s $960
60s $960
70s $1,080

Age plays a crucial role in shaping car insurance costs. Typically, younger drivers, especially teenagers and young adults, encounter higher premiums because of their lack of experience and statistically higher chances of accidents and traffic infractions. However, once drivers hit 25 years old and maintain a clean driving history, their insurance rates usually begin to decline.

The most competitive insurance premiums are often offered to individuals in their 50s and early 60s. Insurance providers utilize age as a measure to assess driving expertise and potential risk, thus adjusting premium costs accordingly.

Average Car Insurance Rates By Vehicle Type In Parma

Vehicle Average Monthly Rate
Nissan Armada $133
Honda Civic $228
Ford Explorer $60
Kia Optima $55
Volkswagen Jetta $66

The vehicle you drive plays a significant role in determining your car insurance expenses. Insurance companies consider factors such as the brand, model, year, and body style of the car. Typically, newer vehicles, especially luxury ones equipped with advanced technology and having higher replacement costs, tend to incur higher insurance premiums.

On the other hand, older cars or those that are less expensive to repair or replace often come with lower premiums. Insurers take these factors into account because they directly affect the potential cost of claims. For example, repairs for a luxury vehicle are generally more expensive compared to those for a standard car. Moreover, certain car models known for their safety features may qualify for reduced insurance rates due to a lower risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In Ohio?

City Average Monthly Rate
Groveport $118
Warren $80
Columbus $115
Lima $85
Marion $74
Youngstown $95
Canton $92
Toledo $110
Hamilton $95
Cleveland $114

Where you live greatly affects your car insurance rates. Insurance providers consider multiple factors tied to your location, such as the probability of accidents, vehicle theft, and rates of vandalism. These risks tend to be higher in urban areas, leading to increased premiums.

FAQs

Who has the lowest car insurance rates in Parma?

USAA provides the most affordable car insurance rates in Parma for the minimum coverage mandated by the State of Ohio. For full coverage, including comprehensive and collision coverage, State Farm offers the lowest rates.

What is the average cost of car insurance in Parma?

On average, car insurance in Parma costs around $98 per month. However, actual rates may differ depending on factors such as your zip code, the year and model of your car, your driving history, and other relevant details.

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