Affordable Rates for Honda Insight Insurance in Cincinnati

It takes a few minutes, but the best way to get low-cost auto insurance rates in Cincinnati is to compare quotes once a year from insurers that insure vehicles in Ohio.

• Step 1: Get a basic knowledge of how your policy works and the things you can control to lower rates. Many policy risk factors that result in higher rates such as traffic violations and a negative credit rating can be rectified by making minor changes to your lifestyle. Continue reading for additional tips to get affordable coverage and get additional discounts that may have been overlooked.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or Allstate, while independent agencies can quote prices for a wide range of companies.
• Step 3: Compare the new rate quotes to the price on your current policy to see if cheaper Insight coverage is available. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Notify your company or agent of your decision to cancel your current auto insurance policy. Submit the completed application along with a down payment to your new agent or company. Be sure to keep the new certificate verifying proof of insurance along with the vehicle’s registration papers.

One bit of advice is to use similar coverage information on every quote request and and to analyze as many different companies as possible. Doing this helps ensure a fair price comparison and and a good selection of different prices.

It’s an obvious conclusion that car insurance companies don’t want you to look at other companies. Insureds who shop for lower prices are inclined to switch to a new company because they have good chances of finding better rates. Remarkably, a study showed that drivers who did price comparisons regularly saved on average $3,500 over four years compared to policyholders who never compared rates.

If finding budget-friendly rates on Honda Insight insurance in Cincinnati is the reason for your visit, learning how to shop for coverage rates can make it simple to find affordable coverage.

Honda Insight insurance discounts in Cincinnati

Auto insurance companies do not list all discounts in an easy-to-find place, so the following is a list of some of the best known and the more hidden discounts you could be receiving when you buy Cincinnati car insurance online. If you don’t get every credit available, you are not getting the best rate possible.

• Multiple Policy Discount – If you have multiple policies and insure them both with the same insurance company you will save 10% to 20% off each policy.
• Student Driver Training – Have your child enroll in driver’s education in school.
• Good Student Discount – This discount can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
• Pay Now and Pay Less – If you can afford to pay the entire bill instead of making monthly payments you can actually save on your bill.
• Telematics Devices – Drivers that enable their insurance company to monitor vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as the data is positive.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.

One last thing about discounts, many deductions do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, nobody gets a free ride. Any amount of discount should help lower the amount you have to pay.

The illustration below shows the difference between Honda Insight car insurance rates with and without discounts applied. The premiums assume a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, multi-policy, homeowner, and safe-driver discounts applied.

Larger insurance companies and some of the premium reductions they offer can be found below.

• Esurance may include discounts for defensive driver, anti-theft, multi-car, DriveSense, and claim free.
• The Hartford offers premium reductions for defensive driver, driver training, anti-theft, bundle, vehicle fuel type, good student, and air bag.
• AAA policyholders can earn discounts including multi-car, AAA membership discount, education and occupation, multi-policy, and pay-in-full.
• GEICO discounts include multi-vehicle, seat belt use, federal employee, multi-policy, anti-lock brakes, and defensive driver.
• State Farm may have discounts that include good driver, safe vehicle, multiple policy, anti-theft, good student, and Steer Clear safe driver discount.

Before you buy a policy, ask each insurance company which discounts they offer. Depending on the company, some discounts may not apply to policyholders everywhere.

To find low cost rates, there are a couple of ways to compare rate quotes from many different Ohio insurance companies. One of the best ways to find affordable Honda Insight insurance rates is simply to get online rate quotes.

Comparison shopping quotes online is easy and it makes it obsolete to go to local Cincinnati insurance agencies. Buying insurance online makes this unnecessary unless you want the guidance of a licensed agent. Although you can comparison shop online but have a local agent actually write the policy. Just keep in mind that comparing more rates from different companies helps increase your odds of locating lower pricing.

The companies in the list below offer price comparisons in Ohio. If you want to find the best cheap car insurance in Cincinnati, we recommend you visit several of them in order to get a fair rate comparison.

Coverage analysis

The coverage table displayed next highlights detailed analysis of insurance costs for Honda Insight models. Having a better idea how policy premiums are determined can help you make decisions when shopping your coverage around.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Prices do not factor in specific location information which can increase or decrease auto insurance rates greatly.

Deductible comparison

The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The rates below help summarize the differences in premium rates when you choose different policy deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in garaging location in Cincinnati which can increase or decrease rates significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $16 more each month or $192 a year than choosing the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 25 months between claim filings, you would come out ahead going with the higher deductible. The table below shows a better example of how this decision is made.

One important caveat is that a higher deductible level results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You should have enough disposable income in the event you have to pay the higher deductible in order to repair your vehicle.

The example below demonstrates how choosing different deductibles and can change Honda Insight insurance rates for each different age group. Data assumes a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Does it make sense to buy full coverage?

The illustration below compares Honda Insight car insurance rates with liability coverage only compared to full coverage. The price estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There is no specific rule for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Honda Insight book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 a year to have full coverage, then you may want to consider only buying liability coverage.

There are a few situations where only buying liability is not advised. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Insurance agents are trained to help

Many people would prefer to sit down and talk to an agent and that is OK! The biggest benefit of getting online price quotes is you may find cheap rate quotes and still have an agent to talk to. Buying from and supporting small agencies is important especially in Cincinnati.

To help locate an agent, after submitting this short form, your information is emailed to agents in your area who will gladly provide quotes for your business. It’s much easier because you don’t need to even leave your home because quoted prices will be sent instantly to you. You can most likely find cheaper rates without requiring a lot of work. In the event you want to get a rate quote from a specific company, you can always go to their quote page and submit a quote form there.

Multiple types of car insurance agents in Cincinnati

If you are wanting to purchase car insurance from a reputable agency, it’s helpful to know the types of insurance agents and how they can write your policy. Cincinnati agents can be categorized as either independent agents or exclusive agents.

Independent Car Insurance Agencies or Brokers

These type of agents are not limited to a single company so they can quote policies through many different car insurance companies and get you the best rates possible. To move your coverage to a new company, the agent simply finds a different carrier and you stay with the same agent.

When shopping rates, you should always compare quotes from at a minimum one independent agency to get the most accurate price comparison.

Below is a list of independent insurance agents in Cincinnati who may provide pricing information.

More insurance agents

Exclusive Car Insurance Agencies

Exclusive agents normally can only provide a single company’s rates like Farmers Insurance, State Farm, Allstate, and AAA. They usually cannot compare rates from other companies so always compare other rates. Exclusive agencies are usually quite knowledgeable on their company’s products which helps them sell on service rather than price.

Shown below are exclusive agents in Cincinnati that can give you rate quotes.

More insurance agents

Choosing the best auto insurance agent needs to be determined by more than just the bottom line cost. Below are some questions you should ask.

• Is the agent CPCU or CIC certified?
• Can you use your own choice of collision repair facility?
• Are there any discounts for paying up front?
• Are they able to provide referrals?
• Is there a 24/7 contact number?
• What companies can they write with?
• Do they receive special compensation for putting your coverage with one company over another?
• Does the company have a local claim office in Cincinnati?

Upon receiving reasonable responses to any questions you may have and an acceptable price quote, it’s possible that you found a car insurance agent that meets your needs to adequately provide car insurance. Just remember consumers can cancel a policy whenever you choose to so never assume that you are permanently stuck with your new company for the entire policy term.

What is the best car insurance company in Cincinnati?

Picking a high-quality insurance provider is difficult considering how many choices you have in Ohio. The company rank data in the lists below could help you select which companies you want to consider putting your business with.

Top 10 Cincinnati Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. Erie Insurance – 88%
3. American Family – 88%
4. State Farm – 88%
5. Nationwide – 88%
6. 21st Century – 88%
7. AAA Insurance – 87%
8. Liberty Mutual – 87%
9. Farmers Insurance – 87%
10. The Hartford – 87%

Top 10 Cincinnati Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Progressive – A+
7. Erie Insurance – A+
8. The Hartford – A+
9. Nationwide – A+
10. Esurance – A+

Don’t give up on affordable rates

Cost effective Honda Insight insurance can be sourced from both online companies and also from your neighborhood Cincinnati agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who may not offer rate quotes online and many times these small, regional companies sell through independent agents.

As you quote Cincinnati car insurance, make sure you don’t buy lower coverage limits just to save a few bucks. In many cases, an insured cut collision coverage only to regret that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at the best cost but still have enough coverage for asset protection.

Helpful learning opportunities

• Determining Auto Insurance Rates (GEICO)
• How Much is Cincinnati Auto Insurance for a 20 Year Old Female? (FAQ)
• Who Has the Cheapest Cincinnati Auto Insurance Rates with Multiple Speeding Tickets? (FAQ)
• What is a Telematics Device? (Allstate)
• Tread Depth and Tire Safety (State Farm)
• Safety Belts FAQ (iihs.org)
• Five Mistakes to Avoid (Insurance Information Institute)