Affordable Dodge Viper Insurance in Cincinnati

It’s easy to assume that car insurance companies want to keep your business as long as possible. Drivers who compare other prices are inclined to switch auto insurance companies because they have a good chance of finding more affordable rates. A recent survey discovered that consumers who compared rate quotes regularly saved on average $850 each year compared to other drivers who don’t regularly compare prices.

If saving money on Dodge Viper insurance is your ultimate target, learning how to choose a company and compare coverage rates can save time and money.

If saving the most money is your goal, then the best way to get cheaper Dodge Viper insurance in Cincinnati is to start comparing rates regularly from insurers in Ohio.

• Step 1: Get an understanding of how companies price auto insurance and the things you can control to lower rates. Many policy risk factors that cause high rates such as inattentive driving and an unacceptable credit score can be eliminated by paying attention to minor details. This article gives information to help prevent expensive coverage and earn a bigger discount.
• Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.
• Step 3: Compare the new rate quotes to your existing rates to see if a cheaper price is available. If you find a better price and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

One important bit of advice is that you’ll want to make sure you compare the same amount of coverage on each quote and to quote with as many auto insurance providers as possible. Doing this helps ensure the most accurate price comparison and a complete rate analysis.

The intent of this article is to familiarize you with how car insurance companies work and some tips to save money. If you have insurance now, you will be able to reduce premiums using the techniques presented in this article. Smart shoppers just have to understand the most time-saving way to compare insurance rates using one simple form.

The companies shown below provide quotes in Ohio. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.

Insurance analysis for a Dodge Viper

The premium table shown next outlines different insurance premium costs for Dodge Viper models. Knowing how auto insurance premiums are calculated can benefit drivers when making smart choices when purchasing an insurance policy.

Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can raise or lower premium rates noticeably.

Analysis of deductible levels

When buying insurance, a common question is which comprehensive and collision deductibles to buy. The rates below sum up the differences in premium rates between high and low deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can impact coverage prices greatly.

We can estimate from the data above that using a $100 deductible costs about $32 more each month or $384 every year averaged for all Viper models than selecting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at least 13 months between claims, you would probably come out ahead by selecting a higher deductible.

The information below illustrates how your deductible choice and can change Dodge Viper insurance costs for different age groups. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Tickets and at-fault accidents raise rates

The illustration below highlights how traffic violations and accident claims impact Dodge Viper auto insurance costs for each age group. The premiums assume a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Why car insurance is not optional

Despite the high insurance cost for a Dodge Viper in Cincinnati, insurance is required in Ohio but it also protects you in many ways.

First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to get the vehicle licensed. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your Viper, almost all lenders will make it a condition of the loan that you have insurance to guarantee loan repayment. If you do not keep the policy in force, the lender will be forced to insure your Dodge at an extremely high rate and force you to reimburse them the higher price.

Third, insurance safeguards not only your Dodge but also your financial assets. It will also pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay for a defense attorney if you are sued as the result of your driving. If mother nature or an accident damages your car, your car insurance policy will pay to repair the damage.

The benefits of carrying enough insurance more than offset the price you pay, especially when you need to use it. Today the average American driver overpays as much as $810 a year so compare rates at every policy renewal to ensure rates are inline.

Which policy gives me the best coverage?

Always remember that when buying insurance from an agent or online, there isn’t really a “best” method to buy coverage. You are unique.

Here are some questions about coverages that may help you determine if your situation could use an agent’s help.

• Should I file a claim if it’s only slightly more than my deductible?
• Is upholstery damage covered by car insurance?
• Am I covered by my spouse’s policy after a separation?
• What is roadside assistance coverage?
• At what point should I drop full coverage?
• Why do I have to buy liability insurance?
• Is motorclub coverage worth it?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Insurance coverage basics

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Dodge Viper.

Since many Ohio drivers have only the minimum liability required by law (which is 25/50/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical costs insurance

Coverage for medical payments and/or PIP pay for immediate expenses such as EMT expenses, doctor visits, rehabilitation expenses and dental work. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability

This will cover damage or injury you incur to a person or their property. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims such as loss of income, repair bills for other people’s vehicles and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy as much as you can afford. Ohio state minimum liability requirements are 25/50/25 but it’s recommended drivers buy higher limits.

The next chart demonstrates why buying low liability limits may not be high enough to cover claims.

Collision insurance

Collision insurance pays for damage to your Viper caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with another moving vehicle, scraping a guard rail, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also increase the deductible on your Viper to save money on collision insurance.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hitting a deer, damage from getting keyed, vandalism, theft and hitting a bird. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

What is YOUR best insurance company?

We just covered a lot of ways to find affordable Dodge Viper insurance in Cincinnati. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding cheaper Cincinnati car insurance quotes. You may even be surprised to find that the best price on auto insurance is with a small mutual company.

As you shop your coverage around, do not buy poor coverage just to save money. There are many occasions where someone dropped full coverage only to find out that it was a big error on their part. Your objective should be to buy enough coverage for the lowest cost, not the least amount of coverage.

Consumers switch companies for many reasons like policy non-renewal, poor customer service, not issuing a premium refund and delays in paying claims. Regardless of your reason for switching companies, choosing a new insurance company is pretty easy and you might even save some money in the process.

To learn more, take a look at the following helpful articles:

• Prom Night Tips for Teen Drivers (State Farm)
• Who Has Cheap Auto Insurance for High School Students in Cincinnati? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Chevrolet Malibu in Cincinnati? (FAQ)
• Who Has the Cheapest Cincinnati Auto Insurance Rates with Multiple Speeding Tickets? (FAQ)
• Who Has Cheap Cincinnati Auto Insurance for First-time Drivers? (FAQ)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Should I Buy a New or Used Car? (Allstate)