Loveland, OH Car Insurance

Loveland drivers pay, on average, around $54 a month for their car insurance. To learn more about what you're likely to pay in the Loveland area, read our guide below.
What can Loveland residents expect to pay for their car insurance? How does Loveland stack up to the rest of the area, or even Ohio as a whole? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Loveland?

Area Average Monthly Car Insurance Premium
Loveland$54
OH$59
United States$80

Based on the chart above, you can see that coverage in Loveland typically costs about $5 a month less than it does in the rest of Ohio.

Compared to the national average cost of auto insurance coverage, Loveland has lower rates. It's about $26 cheaper to insure your vehicle in Loveland compared to the average rate for the United States as a whole.

The price you pay may very well be higher or lower than the rates you see, but we can help explain why. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Your bill each month is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

But don't worry, we've broken down average rates for Loveland residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$89
25-34$44
35-44$46
45-54Not Enough Data
55-64$36
65+$42

Generally, the older you are, the more experienced you are on the roads. That experience pays off when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay two times the price that someone who is at retirement age.

As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement age, your rates may climb back up a bit in Loveland.

Average Car Insurance Rates by Gender

Gender Average
Male$55
Female$51

Car insurance rates for women are generally cheaper than they are for men. This is true in Loveland, where male drivers pay about $4 more per month. Looking at the table above, you can see that female drivers pay around $51 on average, while male drivers typically pay $55 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$64
Multiple Accidents$70
1 Ticket$75
Multiple Tickets$47

Depending on your driving record, your rates can vary wildly. Drivers with clean records will pay lower rates than those with accidents or violations. In Loveland, a driving record with a single accident will usually get you a rate around $64 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $75 on average.

Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. 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$50
2-3 Years$48
4-5 Years$60
6-7 Years$62
8-10 Years$55
11-14 Years$48
15 Years or Older$56

As you can see in the first table above, the cheapest vehicles to insure in Loveland are usually SUVs, which run about $46 per month.

Meanwhile, Loveland drivers who own a car, truck, or van, can expect to pay about $55 for insurance.

In addition to vehicle type, you can also expect to see slightly different rates based on how old your vehicle is. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is about 5 years old, however, your monthly bill may start to dip back down. In Loveland, 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)$57
Married$41
Divorced$36
Widowed$44

More often than not, those who are currently married will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.

The difference in rates based on relationship status in Loveland 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$45
Rent$54
Live with parents$88

Another factor that comes into play is your housing status. If you rent your home or apartment, expect to pay around $9 a month more than drivers who own property in Loveland. But those who live at home with their parents can expect to pay significantly more.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance premiums.

Car Insurance Companies in Loveland, OH

Recent trends in car insurance for Loveland drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when choosing your car insurance policy.

Car insurance rates in Loveland increased from 2016-2017, before steadying out in 2018. They finished up in 2021, at $52 a month

How does Loveland compare to neighboring areas?

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

When considering how much to charge for a monthly rate, car insurance companies will consider a number of factors. Where you live will also have a significant impact on your personal policy. This may include things like:

  • Crime
  • Number of car accidents
  • Total amount of drivers in the community
  • Community laws
  • Off-street parking access

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. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Loveland?

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

But wait! Compare.com does all of that work for you. Just punch in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from many of the car insurance companies that offer coverage in Loveland.

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Loveland Insurance FAQs

What factors affect car insurance quotes in Loveland?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's make and model, year, driving record, credit score, as well as your marital status and address.

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

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, and parking situations -- which can vary from city to city -- can significantly affect your rate.

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

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 Loveland?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Loveland or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes