Inconceivable but true, almost 70% of drivers have remained with the same insurance company for well over three years, and just under half have never even compared quotes to find lower-cost rates. Many consumers in Cincinnati could cut their rates by up to $700 a year just by comparing rates, but they won’t spend time to compare rate quotes.
It takes a little time, but the best way to find cheaper prices for Lexus IS 200t insurance is to start doing a yearly price comparison from insurers who sell insurance in Cincinnati.
First, gain an understanding of how insurance companies determine prices and the things you can control to prevent expensive coverage. Many factors that are responsible for high rates like traffic citations and your credit history can be eliminated by making lifestyle changes or driving safer. Later in this article we will cover information to find cheap rates and find discounts that may have been missed.
Second, compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while agents who are independent can quote rates from multiple companies. Click to view companies
Third, compare the new rate quotes to your current policy premium and determine if cheaper IS 200t coverage is available. If you find a lower rate quote and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, notify your current company of your decision to cancel your current auto insurance policy. Submit a down payment and signed policy application to your new carrier. As soon as you have the new policy, store the certificate of insurance in your vehicle’s glove compartment or console.
One key aspect when comparing rates is to make sure you enter similar limits and deductibles on every quote and and to get rate quotes from all possible companies. This helps ensure a fair price comparison and a thorough selection of prices.
How to get free Lexus IS 200t insurance quotes online
Most companies such as Allstate, GEICO and Progressive give price estimates online. Getting online quotes for Lexus IS 200t insurance in Cincinnati is pretty easy because it’s just a matter of typing in your coverage information on the page. After the form is submitted, their rating system requests information on your driving record and credit history and gives you a price quote determined by many factors. The ability to get online rates for Lexus IS 200t insurance in Cincinnati makes it simple to compare prices and it’s necessary to perform this step in order to get affordable prices.
In order to use this form to compare rates, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you input deductibles and limits exactly as they are listed on your policy. This helps ensure you will receive rate quotes using the same coverage and limits.
The providers in the list below can provide free rate quotes in Ohio. To find the best cheap auto insurance in OH, we recommend you get rates from several of them to get the most affordable price.
Car insurance does more than just protect your car
Even though Cincinnati IS 200t insurance rates can get expensive, insuring your vehicle is required in Ohio but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability protection in order to drive the car. 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.
- If your vehicle has a loan, most banks will make it a condition of the loan that you buy full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Lexus at a much higher rate and force you to pay much more than you were paying before.
- Insurance safeguards not only your vehicle but also your assets. Insurance will pay for hospital and medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of an accident. If your Lexus gets damaged, your car insurance policy will pay to repair the damage.
The benefits of carrying enough insurance greatly outweigh the cost, particularly for liability claims. According to a 2015 survey, the average American driver is overpaying over $830 a year so compare quotes from several companies each time the policy renews to ensure rates are inline.
Lexus IS 200t Insurance Prices Can Be More Affordable
Consumers need to have an understanding of some of the things that come into play when calculating the rates you pay for car insurance. When you understand what determines base rates, this allows you to make educated decisions that can help you get lower car insurance prices.
Shown below are a partial list of the pieces utilized by car insurance companies to help set your premiums.
Annual mileage impacts costs – The more miles you rack up on your Lexus every year the higher the price you pay to insure it. A lot of insurance companies calculate rates based upon how much you drive. Vehicles that sit idle most of the time can get a lower rate than vehicles that have high annual mileage. It’s a smart idea to ensure your vehicle rating shows the correct driver usage. A policy that improperly rates your IS 200t may be costing you.
Lower car insurance rates with theft deterrents – Selecting a car model that has a built-in theft deterrent system can help lower your premiums. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your car from being stolen.
Frequent insurance claims increase rates – If you are the type of insured that files lots of claims you can expect either policy cancellation or increased premiums. Auto insurance companies in Ohio generally give the lowest premiums to policyholders that do not abuse their auto insurance. Auto insurance is meant to be used in the event of larger claims.
Low credit score equals high premiums – Having a bad credit score is a big factor in calculating your premium rate. Drivers who have very high credit ratings tend to be more responsible and file fewer claims than drivers who have poor credit. So if your credit history leaves room for improvement, you could pay less to insure your Lexus IS 200t by improving your credit score.
Insurance premiums are higher for high performance vehicles – The type of car you need insurance for makes a big difference in determining your rates. Lower performance four cylinder passenger models usually are quite affordable to insure, but your final cost has many other factors.
Cincinnati car insurance discounts
Buying car insurance is not cheap, but you might be missing out on some discounts to help bring down the price. Certain reductions will be credited at the time of purchase, but a few need to be manually applied before you get the savings.
- Driver’s Ed – Teen drivers should take driver’s ed class if it’s offered in school.
- Homeowners Savings – Being a homeowner can save a few bucks because owning a home requires a higher level of personal finance.
- Telematics Data – Drivers that enable their car insurance company to spy on driving manner by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they show good driving skills.
- Payment Discounts – By making one initial payment instead of making monthly payments you may reduce your total bill.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy auto and life insurance together.
- Safety Course Discount – Successfully completing a driver safety course is a good idea and can lower rates and also improve your driving technique.
- Discounts for New Vehicles – Buying a new car instead of a used IS 200t can get you a discount since newer vehicles are generally safer.
Consumers should know that many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as comprehensive or collision. So even though you would think all the discounts add up to a free policy, you aren’t that lucky.
If you would like to view car insurance companies that can offer you the previously mentioned discounts in Ohio, click this link.
Local neighborhood insurance agents
Certain consumers prefer to have an agent’s advice and that is OK! The biggest benefit of price shopping on the web is the fact that you can find the best rates and still have an agent to talk to. Supporting neighborhood insurance agencies is still important in Cincinnati.
For easy comparison, once you complete this form (opens in new window), your information is instantly submitted to companies in Cincinnati who want to provide quotes for your insurance coverage. It’s much easier because you don’t need to leave your house since rate quotes are delivered to you. You’ll get the best rates without a big time investment. If for some reason you want to quote rates for a specific company, you can always jump over to their website and give them your coverage information.
Picking the best insurance company should include more criteria than just the quoted price. Here are some questions you might want to ask.
- What insurance company do they write the most business with?
- Do they have a Better Business Bureau rating in Cincinnati?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Does the agent help file claims?
- Is auto insurance their primary focus in Cincinnati?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- What kind of financial rating does the company have?
- How many years have they been established?
Ratings for Cincinnati auto insurance companies
Selecting a highly-rated car insurance provider can be a challenge considering how many companies sell insurance in Ohio. The ranking data shown below may help you select which companies to look at comparing rate quotes with.
Top 10 Cincinnati Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Final considerations
We just showed you a lot of techniques to compare Lexus IS 200t insurance auto insurance rates in Cincinnati. The most important thing to understand is the more you quote Cincinnati car insurance, the better your chances of lowering your premium rates. You may even be surprised to find that the best auto insurance rates are with the least-expected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.
As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. There are many occasions where consumers will sacrifice physical damage coverage to discover at claim time that the small savings ended up costing them much more. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.
More detailed car insurance information can be found at these sites:
- Vehicle Size and Weight FAQ (iihs.org)
- Who Has Cheap Auto Insurance for High School Students in Cincinnati? (FAQ)
- How Much are Cincinnati Car Insurance Rates for Business Use? (FAQ)
- Who Has Affordable Cincinnati Auto Insurance for a 20 Year Old Male? (FAQ)
- Who Has Affordable Car Insurance Rates for Safe Drivers in Cincinnati? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Side Impact Crash Tests (iihs.org)
- Bodily Injury Coverage (Liberty Mutual)