Best Cheap Car Insurance in Toledo 

• Toledo is slightly more expensive for car insurance than Ohio as a whole — the cost of full coverage in the city is $1,693 annually on average, and minimum coverage costs $514 annually on average.
• Central Mutual has the cheapest rates for minimum coverage in Toledo, while Erie is the best for customer service.
• These rates are averages, which can give you an idea of what you might pay, but your quote will likely be different, as it depends on factors unique to you like your age and driving record.

USAA has the most affordable full coverage auto insurance rates in Toledo, but it’s only available to drivers affiliated with the military. Its average annual premium of $996 is 41 percent cheaper than the city average. The next-cheapest rates are offered by State Farm and Nationwide, both of which have average premiums more than 30 percent below the city average.

Central Mutual offers the cheapest minimum coverage car insurance in Toledo at $313 — that’s 44 percent below the citywide average. USAA and Erie also have rates well below the city average for minimum coverage.

According to data from the Ohio State Highway Patrol, there were 11,381 car accidents in Lucas County, which is where Toledo is located, in 2024.⁵ There is no data available specifically for the city of Toledo. Of these crashes, 29 were fatal, 8,526 involved only property damage, and the rest involved injuries.

Most accidents occurred in May and October, and the most dangerous day was Friday. In addition, most accidents happened between the hours of 3 and 6 p.m.

Ohio drivers must carry at least the following liability limits to follow state law:

• Bodily injury liability: $25,000 per person/$50,000 per accident
• Property damage liability: $25,000 per accident

These limits provide basic liability coverage, but they are quite low and may still leave you with significant out-of-pocket expenses if you get into an accident. If you can afford to, it’s wise to increase your liability limits and add full coverage to cover damage to your own vehicle.

At AutoInsurance.com, we evaluate auto insurance providers based on four key factors:

• Price (40%): We analyzed both full coverage and minimum coverage premiums in Toledo, Ohio, for good drivers with good credit. Full coverage averages use the following limits:
  • Bodily injury liability: $100,000 per person/$300,000 per accident
  • Property damage liability: $10,000 per accident
• Claims handling (25%): Claims handling is a key function of an insurance company, and customers expect the process to be clear, quick, and fair. We evaluate claims practices using sources like the CRASH Network Insurer Report Card and J.D. Power’s Auto Claims Satisfaction Study, and financial strength from sources like AM Best. Real-life customer experiences are included when available.
• Customer experience (25%): We consider a customer’s user experience when dealing with an insurance company, from a prospective customer getting a quote to a policyholder managing an existing policy. We also look at the functionality of the company’s website and mobile app. Our sources include J.D. Power studies, the NAIC Complaint Index, Better Business Bureau ratings, and app store reviews.
• Coverage options (10%): We review each company’s coverage options and prioritize insurers with add-ons beyond the state-required minimums, like accident forgiveness, gap coverage, rideshare coverage, and more.