Bad credit can make it difficult to get a loan for a car or home. Did you also know a poor credit rating could impact how much you pay for your car insurance? Bad credit probably won't cause you to lose coverage, but there's a good chance you'll have to pay more for it. There are a few states that prohibit car insurance companies from using credit scores as a factor when setting rates, but Ohio is not one of them.
The good news is that a car insurance credit check is considered a "soft inquiry" and won't impact your credit score.
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
Drivers with bad credit generally pay about 11 percent more than average in Ohio. Factors like your payment history and total debt are used to determine your insurance credit score and your risk level, according to the Insurance Information Institute. Car insurance companies will use these figures to calculate how likely you are to file a claim in the future. Your driving record and claims history will also help determine your insurance rates.
Drivers with bad credit in Ohio don't pay that much more for car insurance than those with a better credit rating, but the difference is enough to do what you can to boost your credit score before getting a quote.
It's hard to find car insurance companies that don't run credit checks prior to providing coverage. That might be for the best, however. Car insurance companies that don't do credit checks often write policies that are more expensive compared to standard insurers. So while having your credit checked when you need car insurance might feel troublesome, or maybe even embarrassing, isn't that better than avoiding the credit check and paying higher rates?
Before you move forward with a car insurance company that won't run a credit check, get a quote from companies that do to get a side-by-side comparison.
There is no shortage of car insurance companies you could turn to if you have bad credit in Ohio. Both Clearcover Inc. ($83) and Travelers ($94) offer average monthly rates of less than $100 for Ohio drivers with bad credit. Meanwhile, 10 more Ohio insurers offer average monthly rates of less than $200 for drivers with poor credit.
|Carrier||Avg. Monthly Cost|
|American Family Insurance||$144|
|Midvale Home & Auto||$146|
Ohio car insurance rates follow a relatively straight path; the better your credit is, the lower your average monthly insurance cost will be. The difference in average monthly insurance costs between an Ohio driver with excellent credit and one with poor credit is only about $30. This is further proof that a lot more than a driver's credit score goes into determining insurance rates.
|Credit Tier||Avg. Monthly Cost|
Car insurance rates for drivers with bad credit in Ohio don't vary too much from city to city. The gap between Dayton and Columbus is a little more than $30. After Dayton ($154), Akron and Cleveland are the least expensive Ohio cities for drivers with bad credit.
|City||Credit Tier||Avg. Monthly Cost|
Insurance prices and policies can vary significantly between companies, and a state like Ohio draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.