It’s hard to believe, but nearly 70% of Ohio drivers have stayed with the same insurance company for at least the last four years, and just short of a majority have never taken the time to shop around. American insurance shoppers could save themselves up to 47% a year, but they don’t believe the large savings they would see if they changed companies.
The most effective way to find better pricing on Toyota Prius V insurance is to regularly compare quotes from insurance carriers in Cincinnati.
- First, try to learn a little about car insurance and the measures you can take to keep rates down. Many policy risk factors that are responsible for high rates such as getting speeding tickets and poor credit rating can be remedied by making minor driving habit or lifestyle changes. This article gives more details to help reduce premium rates and earn a bigger discount.
- Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agencies can give you price quotes from multiple insurance companies.
- Third, compare the new rate quotes to your existing policy and determine if there is any savings. If you find a better price and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, notify your company or agent of your decision to cancel your current policy. Submit a down payment along with a signed application to your new agent or company. As soon as coverage is bound, put the new certificate of insurance somewhere easily accessible.
One tip to remember is that you’ll want to make sure you compare the same liability limits and deductibles on each price quote and and to analyze as many companies as possible. This provides an accurate price comparison and the best rate selection.
Which Toyota Prius V insurance is cheapest in Cincinnati, Ohio?
When price shopping your coverage, obtaining a wide range of quotes gives you a better chance of getting better pricing.
The companies shown below provide free rate quotes in Ohio. If you want cheap car insurance in Cincinnati, OH, we recommend you click on several of them to get the most affordable price.
Insuring your vehicle just makes sense
Even though Cincinnati Prius V insurance rates can get expensive, buying car insurance is required for several reasons.
- Almost all states have mandatory insurance requirements which means the state requires specific limits of liability if you drive a vehicle. 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 Prius V has a loan, it’s guaranteed your bank will require that you have full coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Toyota at a much higher rate and require you to pay a much higher amount than you were paying before.
- Insurance safeguards both your car and your assets. Insurance will also pay for hospital and medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay for a defense attorney in the event you are sued. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance more than offset the price you pay, specifically if you ever have a liability claim. On average, a vehicle owner in Cincinnati is overpaying more than $830 a year so we recommend shopping around every year to be sure current rates are still competitive.
Score discounts to get cheaper Cincinnati auto insurance rates
Companies do not list every discount very well, so here is a list both well-publicized as well as some of the hidden ways to save on auto insurance.
- Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save a little off PIP or medical payments premium.
- Discounts for Good Drivers – Insureds without accidents can get discounts for up to 45% lower rates than drivers with accident claims.
- Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course if it’s offered in school.
- More Vehicles More Savings – Having all your vehicles on one policy can get a discount on all vehicles.
- No Claim Discounts – Good drivers with no accidents pay much less when compared with drivers with a long claim history.
- Good Students Pay Less – This discount can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
- Low Mileage Discounts – Low annual miles could be rewarded with slightly better auto insurance rates than normal.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
- Defensive Driver Discount – Taking time to complete a course teaching defensive driver skills could possibly earn you a 5% discount and make you a better driver.
- Theft Deterrent – Cars and trucks with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
As a footnote on discounts, some credits don’t apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you can get free auto insurance, you aren’t that lucky.
A list of auto insurance companies and the discounts they provide are shown below.
- GEICO may include discounts for seat belt use, driver training, federal employee, military active duty, and anti-lock brakes.
- SAFECO has discounts for accident prevention training, teen safety rewards, anti-lock brakes, safe driver, and homeowner.
- State Farm discounts include student away at school, anti-theft, good student, good driver, multiple policy, and driver’s education.
- MetLife has savings for defensive driver, claim-free, multi-policy, good driver, accident-free, good student
- 21st Century may have discounts that include 55 and older, automatic seat belts, defensive driver, good student, driver training, and teen driver.
- Progressive offers premium reductions for multi-vehicle, homeowner, continuous coverage, online signing, multi-policy, and good student.
If you need affordable Toyota Prius V insurance quotes, ask every prospective company which discounts they offer. Some discounts listed above may not apply to policyholders in your area. To view insurers with significant discounts in Ohio, follow this link.
When to get professional advice
When it comes to choosing a policy for your vehicles, there is no perfect coverage plan. Every situation is different.
These are some specific questions can help discover if you will benefit from professional help.
- What happens if I owe more than my Toyota Prius V is worth?
- Am I covered when driving in Canada or Mexico?
- Should I drop comprehensive coverage on older vehicles?
- Does my policy cover my teen driver if they drive my company car?
- Is my Toyota Prius V covered if I use it for business?
- What are the best liability limits?
- Is business property covered if stolen from my car?
- Are combined or split liability limits better?
- Am I covered if I hit my neighbor’s mailbox?
- What is the difference between comprehensive and collision coverage?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form.