The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, specifically when you are searching for the best insurance rates for nurses. Because it’s so expensive, let’s get started by showing you a few of the factors that help determine insurance prices, and see if we can help you take the sting out of your next policy.
The vehicle model that needs insurance is a large factor when comparing quotes for the best cheap auto insurance for nurses. Vehicles with reasonable performance levels, good crash test ratings, or low incidents of liability claims will cost substantially less to insure than higher performance models.
The next table outlines auto insurance costs for a number of the most budget-friendly vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$1,070|
|Honda Accord LX 4-Dr Sedan||$1,124|
|Honda Odyssey LX||$1,134|
|Honda CR-V EX 4WD||$1,154|
|Ford Escape Limited 2WD||$1,164|
|Toyota RAV4 2WD||$1,221|
|Ford Edge Sport 2WD||$1,286|
|Toyota Corolla LE||$1,291|
|Honda Civic DX 4-Dr Sedan||$1,303|
|Kia Optima LX||$1,306|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,311|
|Jeep Grand Cherokee SRT-8 4WD||$1,320|
|Chevrolet Silverado LS Regular Cab 2WD||$1,323|
|Chevrolet Impala LT||$1,333|
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium costs do not factor in vehicle garaging location which can influence prices significantly.
Looking at the rates, we can infer that models like the Jeep Wrangler, Honda Accord, Honda Odyssey, and Toyota Prius are going to be some of the less-costly vehicles to insure for health professionals.
Buying reasonably-priced insurance is not the easiest thing to do, and finding out which company quotes the lowest-priced insurance rates for nurses takes even more shopping around. Each insurance company uses a little different formula to set policy rates, so we’ll go over the overall cheapest insurance companies in Ohio.
Keep in mind that Cincinnati, OH insurance rates are determined by lots of factors which can substantially change the cost of a policy. Simply having a birthday, buying a different home, or having an accident can trigger changes in premium that may make certain companies more expensive than others.
Best Car Insurance Prices for Health Occupations
|Rank||Company||Cost Per Year|
|7||Merchants Insurance Group||$748|
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Utica National has some of the cheapest car insurance rates in Cincinnati at around $647 per year. Erie, Frankenmuth, Allied, and USAA also are some of the lowest-priced Cincinnati, OH auto insurance companies.
As illustrated above, if you are a policyholder with Allied and switched to Utica National, you may realize an annual savings of approximately $50. Policyholders with USAA might save as much as $64 a year, and Travelers insureds might reduce prices by as much as $79 a year.
If you want to see how much you could save, click here to get quotes or feel free to get quotes from the companies below.
Be aware that those policy prices are averaged for all types of drivers and the different vehicles they drive and and are not figured with a specific zip code for nurses. So the company that can offer the best rates for your situation may not even be in the top 33 companies in the list above. That illustrates why you need to get rate quotes using your own specific driver information and vehicle.
One of the many factors that determine the cost of insurance is where you call home. Areas with more people or more claims are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims can boast about having cheaper rates.
The information below rates the priciest cities in Ohio for nurses to purchase car insurance in. Cincinnati shows up at #6 with the annual price of $1,186 for coverage, which is about $99 per month.
|Rank||City||Average Per Year|
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Prices are approximated as the garaging address in Cincinnati can raise or lower auto insurance rates noticeably.
Does it make sense to buy full coverage?
Reducing the cost of insurance should be important to the majority of vehicle owners, and one easy way to buy cheaper insurance for nurses is to only pay for liability coverage. The diagram below visualizes the comparison of auto insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on no accidents or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.
If averaged for all ages, physical damage coverage costs $1,601 per year more than just buying liability insurance. At some point, almost every driver questions when is the right time to remove full coverage. There isn’t a written rule of when to exclude physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your vehicle’s book value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the policy deductible has been paid. If premium cost is more than $300 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Insurance rate increases from tickets or accidents
In a perfect world, the best way to enjoy affordable insurance prices in Cincinnati for health professionals is to be a safe driver and not have accidents or get tickets. The chart below highlights how speeding tickets and at-fault claims can increase insurance costs for each age group. The data is based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
In the chart above, the average cost of an auto insurance policy in Cincinnati per year with no violations or accidents is $1,243. Get two speeding tickets and the average cost rises to $1,710, an increase of $467 each year. Now include two accidents along with the two speeding tickets and the yearly cost of insurance for nurses jumps again to an average of $3,523. That’s an increase of $2,280, or $190 per month, just for not keeping your driving record clean!
How to get discounts on Cincinnati auto insurance
Insurers that offer quotes for nurses may also offer rate discounts that could lower prices by as much as 40% or more if you are eligible. Large insurance companies and some of the premium reductions they offer are:
- Farmers Insurance offers discounts including distant student, early shopping, good student, business and professional, and pay in full.
- Esurance may offer discounts for anti-lock brakes, emergency road assistance, good driver, anti-theft, and online quote.
- State Farm has savings for Drive Safe & Save, Steer Clear safe driver discount, defensive driving training, multiple policy, multiple autos, and passive restraint.
- GEICO may have discounts that include federal employee, defensive driver, five-year accident-free, multi-policy, multi-vehicle, anti-theft, and daytime running lights.
- Allstate discounts include anti-lock brakes, auto/life discount, EZ pay plan discount, anti-theft, and premier discount.
The example below shows the comparison of insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, anti-theft, multiple vehicle, homeowner, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for nurses is 27% or $307.
How to find low-cost auto insurance for nurses
Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help Cincinnati drivers buy cheap car insurance.
- Avoid having at-fault accidents
- Do not pay for full coverage if not needed
- Higher physical damage deductibles lower rates
- Get cheaper liability coverage by choosing a safer vehicle
- Good credit can save money
- Serious violations like DUI or reckless driving can increase rates dramatically
- Shop your coverage around for the best deal
That last tip is especially valuable, as was emphasized in this write-up. Insurance prices adjust often, so you should be ready to change insurance companies if you find a better deal.
We understand brand loyalty, but it’s not a great idea if that devotion results in you overpaying thousands of dollars over the life of your policy. If you have a few minutes, compare prices and find cheaper insurance for nurses in Cincinnati.
If you aren’t clear which coverage you need and would like to get some guidance when shopping around for cheaper insurance for nurses, the agents shown below can probably help you make a decision which coverages are best.
To locate a Cincinnati car insurance agency in your neighborhood, click the button at the bottom.
Greg Meinberg – State Farm Insurance Agent
3322 Erie Ave #102 – Cincinnati, OH 45208 – (513) 533-1661
CMS Insurance Inc
2756 Erie Ave – Cincinnati, OH 45208 – (513) 321-2000
Rick Wertz – State Farm Insurance Agent
7736 Beechmont Ave – Cincinnati, OH 45255 – (513) 231-0100