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According to data from Insure.com, the average annual cost of car insurance in Akron, Ohio is $1,510. The auto insurance rates in Akron is $93 more than the state average and $385 less than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$1,510$1,417$1,895

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Akron, the average car insurance rates by age and gender, and how much car insurance cost in Akron depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Akron. Keep reading to learn more.

Key Takeaways

  • Car insurance in Akron, Ohio costs $1,510 per year.
  • At $1,027 per year, Grange Insurance offers the cheapest car insurance in Akron.
  • Car insurance for young adults in Akron costs $2,464 per year.

Cheap car insurance companies in Akron

At an average of $1,027 per year with full coverage limits of 100/300/100, Grange Insurance provides the most affordable car insurance in Akron.

Ranked as the second most affordable company in Akron, Auto-Owners provides car insurance at $1,142 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Akron that align with your needs before selecting a policy.

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

Affordable car insurance providers in Akron

Graph
Table
Company NameAverage annual costAverage monthly cost
Grange Insurance$1,027$86
Auto Owners$1,142$95
Erie Insurance$1,199$100
Travelers$1,337$111
Geico$1,384$115
Westfield Insurance$1,639$137
Progressive$1,656$138
Cincinnati Insurance$1,748$146
Farmers$2,000$167
Allstate$2,385$199
USAA$1,098$91

Read about the best car insurance companies.

Average car insurance cost in Akron by coverage limits

In Akron, the average car insurance rates the coverage levels are as follows:

  • State minimum coverage: $421 per year (limits are 25/50/25)
  • Liability only coverage: $516 per year (limits are 50/100/50)
  • Full coverage: $1,510 per year (limits are 100/300/100)
  • Non-owners coverage: $241 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Akron

The average car insurance per year for female drivers in Akron, Ohio, is $1,516.

Whereas the yearly average car insurance rate for male drivers is $1,505, which is $11 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Akron

Car insurance rates in Akron, are highest for teens at $5,199 per year or $433 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,464 annually for their car insurance, which is $2,735 less than what teens pay for their insurance coverage.

In Akron, adult drivers pay an average of $1,522 per year for car insurance, while senior drivers pay $1,553 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per 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:

Car insurance rates by age groups in Akron

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$5,199$2,464$1,522$1,553

If we look at the car insurance rates trends in Akron, Ohio, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 38%, or $412.

The table below shows the trend for last four years:

How car insurance rates are changing in Akron

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$1,050$1,274$1,098$1,510

Conclusion

In conclusion, Akron’s car insurance rates are higher than the average insurance rates in Ohio. Drivers in Akron can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

Methodology

Insure.com 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 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female 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 per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision 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.

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