Lima, OH Car Insurance

Residents of Lima pay around $57 monthly for their car insurance coverage. For information on policy rates, coverage, and more check out our guide below.
How does Lima stack up to the rest of the area, or even Ohio as a whole? What rates should residents of Lima expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Lima?

Area Average Monthly Car Insurance Premium
Lima$57
OH$59
United States$80

Based on the chart above, you can see that auto insurance rates in Lima are in line with rates across the rest of Ohio.

Similarly, car insurance rates in Lima are often favorable when viewed against the rest of the country. You can expect to pay about $23 less for your policy in Lima than in the rest of U.S.

While these are the average car insurance rates for Lima, keep in mind that you could end up paying a different amount. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your monthly premium.

But don't worry, we've broken down average rates for Lima residents so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$178
18-24$90
25-34$47
35-44$48
45-54$39
55-64$29
65+$41

The older you are, the more experience you're likely to have on the roads, right? That experience can lead to some serious savings when it comes to car insurance rates. According to the table above, you can see that 18-24-year-olds pay $49 more than drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Once you hit retirement, however, your rates may begin to go back up in Lima.

Average Car Insurance Rates by Gender

Gender Average
Male$56
Female$57

In general, female drivers pay less for car insurance than their male counterparts. While this isn't true in Lima, the difference in monthly rates is minimal.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$81
Multiple Accidents$67
1 Ticket$84
Multiple Tickets$80

Your driving record can have a huge impact on your car insurance rates. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Lima, a driving record with a single accident will usually get you a rate around $81 a month. Similarly, drivers with one ticket will typically pay around $84 on average.

When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$31
2-3 Years$41
4-5 Years$41
6-7 Years$75
8-10 Years$49
11-14 Years$57
15 Years or Older$60

According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Lima, with drivers paying around $53 per month to insure their vehicle.

Car owners will see a monthly bill of about $58, while SUV owners by and large pay around $57 a month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. However, once your car is close to 5 years old, you may start to see your monthly premium decrease. In Lima, the most expensive vehicles to insure are vehicles six-to-seven years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$63
Married$47
Divorced$43
Widowed$43

Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.

The difference in rates based on relationship status in Lima is about $16 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$44
Rent$59
Live with parents$84

One other element taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $15 a month more than if you own your own home in Lima. But those who live at home with their parents can expect to pay significantly more.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance premiums, depending on your insurance company.

Car Insurance Companies in Lima, OH

Recent trends in car insurance for Lima drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance provider.

Car insurance rates in Lima have been steadily decreasing, reaching a low of $40 in 2021.

How does Lima compare to neighboring areas?

Why are car insurance rates in Lima different from other areas?

Car insurance companies look at a variety of factors when they're deciding how much to charge for a policy. The price of your insurance policy will depend largely on your home address and will be influenced by things such as:

  • Rate of car accidents
  • Rate of crime
  • Off-street parking availability
  • Number of drivers in the region
  • Community laws

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Lima?

While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Good news! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering plans in Lima.

Compare the cheapest quotes from dozens of insurance companies

Lima Insurance FAQs

What factors affect car insurance quotes in Lima?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, address, marital status and driving record.

Why is the cost of car insurance in Lima different from other neighboring cities?

Auto insurance companies consider regional factors, such as parking situations, crime rates, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Lima?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Lima?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Lima or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?

Find your best rate in just a few minutes