If you want to save money, the best way to quote cheaper Ford GT insurance in Cincinnati is to do an annual price comparison from insurers who provide auto insurance in Ohio. You can shop around by following these steps.
First, take a few minutes and learn about the coverage provided by your policy and the factors you can control to drop your rates. Many policy risk factors that drive up the price like traffic violations and an unacceptable credit rating can be controlled by paying attention to minor details. Keep reading for ideas to prevent high rates and find hidden discounts.
Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while agents who are independent can quote prices for many different companies.
Third, compare the price quotes to the premium of your current policy and determine if cheaper GT coverage is available. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, give notification to your current company of your intent to cancel your current policy and submit payment and a completed application for the new policy. Once the application is submitted, keep the new certificate of insurance in an easily accessible location in your vehicle.
The most important part of shopping around is that you’ll want to compare the same liability limits and deductibles on each price quote and and to analyze as many companies as feasibly possible. Doing this helps ensure the most accurate price comparison and a good representation of prices.
It’s safe to assume that auto insurance companies don’t want policyholders to shop around. People who shop around for the cheapest price will most likely buy a new policy because there is a significant possibility of finding a more affordable policy premium. A recent survey discovered that drivers who compared price quotes annually saved $3,400 over four years compared to policyholders who never shopped around for better prices.
If saving the most money on Ford GT insurance is your target objective, then learning a little about how to quote and compare insurance coverage can make it simple to find affordable coverage.
If you have insurance now or just want cheaper coverage, you can learn to get lower rates and still get good coverage. Buying affordable car insurance policy in Cincinnati is easy if you know what you’re doing. Vehicle owners only have to learn the most effective way to find the lowest price online from multiple companies.
Getting a more affordable price on Ford GT insurance is a fairly straight forward process. The only thing you need to do is take time to compare rate quotes to discover which company has low cost Cincinnati auto insurance quotes.
The following companies can provide free rate quotes in Ohio. In order to find the best cheap auto insurance in Cincinnati, OH, it’s a good idea that you compare several of them to get a more complete price comparison.
Affordable rates with these ten discounts
Auto insurance is expensive, but you may be missing some discounts that many consumers don’t even know exist. Larger premium reductions will be automatically applied when you purchase, but some must be asked about before being credited.
- E-sign Discounts – Certain auto insurance companies give back up to $50 for signing up online.
- Senior Citizen Discount – If you qualify as a senior citizen, you can get a discount up to 10%.
- Discounts for Government Workers – Simply working for the federal government could provide a small rate reduction depending on your auto insurance provider.
- Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of more than 20%.
- Discounts for New Vehicles – Buying a new car model can be considerably cheaper since newer vehicles are generally safer.
- Driving Data Discount – Insureds that choose to allow their company to track driving habits by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts if they show good driving skills.
- Early Signing – A few auto insurance companies give discounts for signing up before your current GT insurance policy expires. You can save around 10% with this discount.
- Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle up could save 15% on the medical payments or PIP coverage costs.
- Life Insurance – Some insurance companies give a discount if you purchase a life insurance policy as well.
- Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
Please keep in mind that most of the big mark downs will not be given to the entire policy premium. A few only apply to specific coverage prices like liability and collision coverage. So when it seems like you can get free auto insurance, auto insurance companies aren’t that generous.
Companies that may have some of the above discounts possibly include:
- State Farm
- Liberty Mutual
- American Family
- Farmers Insurance
- Auto-Owners Insurance
When getting a coverage quote, ask every insurance company which discounts you may be entitled to. Depending on the company, some discounts might not be offered on policies in Cincinnati. For a list of providers that offer some of these discounts in Cincinnati, click here.
Local Cincinnati insurance agencies
Some people prefer to get advice from a local agent and doing that can be a smart decision Good agents are trained risk managers and give you someone to call. One of the benefits of getting free rate quotes online is the fact that you can find lower car insurance rates and still have an agent to talk to.
By using this quick form, the coverage information is instantly submitted to participating agents in Cincinnati that can provide free Cincinnati auto insurance quotes to get your business. There is no need to contact any insurance agencies since rate quotes are delivered immediately to your email address. If you wish to compare prices from a particular provider, you can always visit that company’s website and submit a quote form there.
Finding a good insurance company requires more thought than just a cheap price quote. Below are some questions you should ask.
- Are they primarily personal or commercial lines agents in Cincinnati?
- Is there a 24/7 contact number?
- Does the agent help file claims?
- Is insurance their full-time profession?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- If your car is in the repair shop, do you have coverage for a rental car?
Choose the right auto insurance agent
If you are searching for an insurance agent, there are two different agency structures and how they can quote your rates. Agents in Cincinnati can be classified as either independent agents or exclusive agents. Either can do a good job, but it’s worth learning the difference in the companies they write for because it can impact the selection process.
Exclusive Auto Insurance Agents
Exclusive agents can only place business with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot shop your coverage around so you need to shop around if the rates are high. They are usually quite knowledgeable on their company’s products which helps them compete with independent agents. Drivers often use the same agent partially due to high brand loyalty and the convenience of having all coverages with one company.
Below are Cincinnati exclusive agencies that can give you rate quotes.
- State Farm: Randy Wagner
1167 8 Mile Rd – Cincinnati, OH 45255 – (513) 474-4100 – View Map
- Ken Kunkel – State Farm Insurance Agent
6708 Cheviot Rd – Cincinnati, OH 45247 – (513) 385-6667 – View Map
- Allstate Insurance: Marianne Geiger
4204 Plainville Rd – Cincinnati, OH 45227 – (513) 808-4811 – View Map
Independent Insurance Agents
Independent agents are normally appointed by many insurers and that is an advantage because they can write policies with many different companies and find you cheaper rates. To transfer your coverage to a different company, they simply switch companies in-house and you can keep the same agent.
If you need cheaper auto insurance rates, you will definitely want to include rate quotes from a few independent agents in order to have the best price comparison. They also have the ability to place coverage with companies that do not advertise much that may have much lower rates than larger companies.
Listed below is a list of independent agencies in Cincinnati that are able to give price quote information.
- Gibbs and Associates Insurance
7710 Shawnee Run Rd # G2 – Cincinnati, OH 45243 – (513) 561-5551 – View Map
- CMS Insurance Inc
2756 Erie Ave – Cincinnati, OH 45208 – (513) 321-2000 – View Map
- Rick Hensley Insurance Agency
747 Ohio Pike – Cincinnati, OH 45245 – (513) 797-8300 – View Map
When in doubt talk to an agent
When buying adequate coverage, there really is no one-size-fits-all type of policy. Every insured’s situation is different and your car insurance should be unique as well.
These are some specific questions may help highlight whether you may require specific advice.
- Is upholstery damage covered by car insurance?
- If my Ford GT is totaled, can I afford another vehicle?
- Am I covered when delivering products for my home-based business?
- Where can I find DUI or SR-22 insurance?
- Is my custom stereo system covered?
- Do I need PIP coverage since I have good health insurance?
- How much underlying liability do I need for an umbrella policy?
If you don’t know the answers to these questions then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.
Three reasons to insure your vehicle
Despite the fact that insurance is not cheap in Cincinnati, insurance is required by state law in Ohio and it also provides benefits you may not be aware of.
- The majority of states have mandatory liability insurance requirements which means state laws require a specific level 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 vehicle has a loan, most lenders will have a requirement that you have insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may have to buy a policy to insure your Ford at a much higher premium rate and force you to pay much more than you were paying before.
- Insurance safeguards your vehicle and your assets. It will also reimburse you for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of insuring your car definitely exceed the price paid, especially for larger claims. On average, a vehicle owner in Cincinnati is overpaying more than $865 each year so you should quote rates at least once a year to be sure current rates are still competitive.
Insurance policy coverages for a Ford GT
Understanding the coverages of a insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages found on the average insurance policy.
Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like damage from flooding, vandalism and fire damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Medical costs insurance – Coverage for medical payments and/or PIP pay for immediate expenses such as X-ray expenses, prosthetic devices and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
Auto liability insurance – Liability insurance will cover injuries or damage you cause to other people or property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for things like legal defense fees, funeral expenses, emergency aid and loss of income. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible. Ohio requires minimum liability limits of 25/50/25 but you should consider buying more coverage.
The chart below shows why buying low liability limits may not be adequate.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many Ohio drivers carry very low liability coverage limits (which is 25/50/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision – This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things like hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible on your GT to bring the cost down.
When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. There have been many cases where drivers have reduced full coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to find the BEST coverage at an affordable rate and still be able to protect your assets.
We just showed you quite a bit of information on how to compare Ford GT insurance car insurance rates in Cincinnati. The key thing to remember is the more companies you get premium rates for, the better likelihood of getting the cheapest Ford GT rate quotes. Drivers may even discover the best car insurance rates are with the smaller companies. These smaller insurers may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.
Some insurance companies may not have internet price quotes and most of the time these small, regional companies only sell through independent insurance agencies. Cheaper Ford GT insurance in Cincinnati is attainable on the web as well as from independent agents in Cincinnati, and you need to comparison shop both so you have a total pricing picture.
Much more information about insurance in Ohio can be found on the following sites:
- Drunk Driving Statistics (Insurance Information Institute)
- How Much is Cincinnati Auto Insurance for Veterans? (FAQ)
- How Much are Auto Insurance Quotes for Immigrants in Cincinnati? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Chevrolet Malibu in Cincinnati? (FAQ)
- What Insurance is Cheapest for Real Estate Agents in Cincinnati? (FAQ)
- All About Airbag Safety (State Farm)
- Learn About Car Insurance (GEICO)