It’s easy to assume that insurance companies want to keep you from comparing rates. Insureds who shop around for the cheapest price will probably buy a new policy because there is a significant possibility of finding coverage at a cheaper rate. A study showed that people who compared prices regularly saved $70 a month compared to policyholders who don’t regularly compare prices.
If finding budget-friendly rates on insurance is your objective, then knowing how to shop and compare insurance coverage can help simplify the process.
If you want to find the absolute lowest rates, then the best way to get cheaper auto insurance rates is to compare prices at least once a year from insurance carriers who provide auto insurance in Cincinnati. Price quotes can be compared by completing these steps.
- Get a basic knowledge of how auto insurance works and the measures you can control to prevent expensive coverage. Many rating criteria that cause high rates such as speeding tickets, careless driving and an unfavorable credit rating can be rectified by improving your driving habits or financial responsibility. Read the full article for instructions to help reduce prices and find hidden discounts.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while independent agencies can quote rates from multiple insurance companies.
- Compare the quotes to your current policy to see if switching to a new carrier will save money. If you can save some money and buy the policy, make sure there is no lapse in coverage.
One key aspect of rate comparisons is to try to use similar coverage information on every quote request and and to get quotes from every company you can. This provides a level playing field and the best price selection.
If you have a policy now or need a new policy, use these money-saving tips to find better prices without reducing protection. Locating the best rates in Cincinnati is not that difficult as long as you know where to start. Consumers only need to know the quickest method to compare prices online.
Components of Your Chevy Spark Insurance Costs
One of the most helpful ways to save on insurance is to to have a grasp of the factors that go into determining your policy premiums. When you know what positively or negatively influences your rates, this enables informed choices that will entitle you to lower premium levels. Many things are part of the equation when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other factors are more transparent such as whether you are married and annual miles driven.
Shown below are some of the most rate-impacting factors used by insurance companies to determine your rate level.
Your job is a factor – Careers like doctors, business owners, and stock brokers generally pay higher rates than average because of high stress and lots of time spent away from family. Conversely, occupations like scientists, athletes and the unemployed pay the least.
Marriage is a bonus – Having a significant other actually saves money when buying insurance. Marriage demonstrates that you tend to be less irresponsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
Liability coverage safeguards assets – Liability insurance will protect you when you are found to be at fault for personal injury or accident damage. Liability provides you with a defense in court which can cost a lot. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should carry high limits.
Too many insurance claims will drive prices up – Insurance companies in Ohio give most affordable rates to drivers that do not abuse their auto insurance. If you file a lot of claims you can pretty much guarantee higher rates. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Alarm systems save money – Choosing a vehicle with an alarm system can earn a premium discount. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft and help lower rates.
Ohio auto insurance companies
Buying coverage from the top auto insurance provider can be rather challenging considering how many choices drivers have in Ohio. The company ratings shown next could help you select which providers to look at buying from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
What is YOUR best insurance company?
As you shop your coverage around, it’s very important that you do not skimp on coverage in order to save money. In too many instances, someone dropped physical damage coverage to discover at claim time they didn’t purchase enough coverage. Your aim should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.
Throughout this article, we presented many tips how you can get a better price on Chevy Spark insurance in Cincinnati. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Drivers may even discover the biggest savings come from some of the lesser-known companies. These smaller insurers may often insure only within specific states and give better rates than the large multi-state companies such as State Farm or Progressive.
For more information, feel free to visit the articles below:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- What Insurance is Cheapest for Teenagers in Cincinnati? (FAQ)
- Who Has the Cheapest Cincinnati Auto Insurance Quotes for Government Employees? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)