If saving money is your primary concern, then the best way to find cheaper quotes for auto insurance rates in Cincinnati is to start doing a yearly price comparison from different companies in Ohio.
Step 1: Try to understand the coverage provided by your policy and the steps you can take to prevent expensive coverage. Many rating factors that cause high rates such as traffic citations and a not-so-good credit score can be rectified by paying attention to minor details.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while agents who are independent can provide prices from many different companies.
Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. 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.
An important bit of advice to remember is to use identical coverages on every price quote and and to get rates from as many companies as possible. This guarantees a level playing field and a better comparison of the market.
It’s hard to fathom, but the vast majority of consumers have purchased from the same company for at least four years, and nearly 40% of drivers have never quoted rates to find lower-cost coverage. The average driver in Cincinnati can save roughly 55% each year by just comparing rate quotes, but they just don’t understand how easy it is to do a rate comparison.
The quickest method to compare car insurance company rates for Acura ILX insurance in Cincinnati is to know the fact auto insurance companies participate in online systems to provide you with a free rate quote. To begin a comparison, all you need to do is give them rating details including deductibles desired, if you are currently licensed, if you went to college, and an estimate of your credit level. That information is submitted instantly to many highly-rated insurers and they return rate quotes almost instantly.
To compare rates for your car now, click here and find out if you can get cheaper insurance in Cincinnati.
The companies shown below are our best choices to provide comparison quotes in Cincinnati, OH. In order to find cheap car insurance in Ohio, we recommend you visit two to three different companies to get a more complete price comparison.
Auto insurance does more than just repair your car
Even though it can be expensive, paying for auto insurance serves several important purposes.
- Just about all states have minimum liability requirements which means state laws require specific minimum amounts of liability insurance if you don’t want to risk a ticket. 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 Acura ILX has a lienholder, most banks will require you to have physical damage coverage to guarantee their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Acura for a lot more money and force you to pay the higher premium.
- Insurance protects both your Acura ILX and your personal assets. It also can pay for medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay to have it repaired.
The benefits of insuring your car greatly outweigh the cost, particularly if you ever have a claim. Today the average American driver is currently overpaying as much as $810 a year so shop around at every renewal to ensure rates are competitive.
Smart Buyers Can Lower Their Insurance Prices
The best way to find cheaper insurance is to take a look at the rating factors that help determine your premiums. When consumers understand what influences your rates, this enables informed choices that can earn you big savings.
Shown below are some of the most common factors used by insurance companies to determine your premiums.
Don’t abuse insurance claims – If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Car insurance companies in Ohio generally give lower rates to insureds who file claims infrequently. Your car insurance is intended for major claims that would cause financial hardship.
Deductibles are a factor – Physical damage coverage, also called ‘full coverage’, covers damage that occurs to your Acura. A few examples of covered claims are a windshield shattered by a rock, hitting a deer, and damage caused by flying debris. The deductibles you choose tell how much you are required to pay in the event of a claim. The more damage repair cost you’re willing to pay, the less money you will pay for insurance.
Rural vs Urban Areas – Choosing to live in smaller towns and rural areas of the country can be a good thing when trying to find low car insurance rates. Urban drivers regularly have more aggressive driving styles and more time behind the wheel. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft.
Certain occupations pay higher premiums – Jobs such as military generals, air traffic controllers, and financial analysts tend to pay the highest average rates in part from high stress levels and long work hours. Other jobs like scientists, students and performers have the lowest average rates.
Youthful drivers pay higher premiums – Older insureds have been proven to be more responsible, cause fewer claims and accidents, and get fewer tickets. Beginning drivers tend to be less responsible when driving so they pay higher insurance rates.
Rates also based on gender – Statistics show women tend to be less risk to insure than men. The data does not necessarily mean that males are worse at driving than females. Both genders have fender benders at a similar rate, but men cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations such as DWI and reckless driving.
Responsible credit scores equal low prices – Credit score factor in calculating your insurance rates. If your credit score is lower than you’d like, you could be paying less to insure your Acura ILX by improving your credit score. Insureds with excellent credit tend to be more responsible and file fewer claims than drivers who have worse credit.
Cheaper prices with safer cars – Vehicles that have high safety ratings tend to have lower insurance rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries means your insurance company pays less which can mean better rates for you.
Acura ILX insurance claim data – Companies include the past claim history for a vehicle as a way to help calculate a profitable premium rate. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have a higher premium rate. The table below outlines the historical insurance loss data for Acura ILX vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of make or model, is a value of 100. Values below 100 imply a favorable loss record, while values that are above 100 indicate more frequent claims or tendency to have larger claims.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance savings summarized
When buying insurance coverage, you should never buy lower coverage limits just to save a few bucks. Too many times, an insured cut liability coverage limits only to find out that it was a big mistake. The goal is to find the BEST coverage at an affordable rate but still have enough coverage for asset protection.
Drivers change insurance companies for a variety of reasons including being labeled a high risk driver, questionable increases in premium, high rates after DUI convictions or an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new company is pretty simple and you could end up saving a buck or two.
Low-cost Acura ILX insurance in Cincinnati is definitely available online in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. A few companies do not offer rate quotes online and usually these smaller companies work with independent insurance agencies.
Even more information can be read in the articles below:
- Safety Belts FAQ (iihs.org)
- How Much are Cincinnati Car Insurance Rates for Nurses? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Parking Tips to Reduce Door Dings (State Farm)