Are you kicking yourself for buying overpriced Chevy Bolt insurance in Cincinnati? Trust us, many Cincinnati drivers have buyer’s remorse.
It’s safe to assume that auto insurance companies want to keep you from comparing rates. Consumers who compare rates annually are likely to buy a new policy because they stand a good chance of finding discount prices. A recent auto insurance study revealed that drivers who regularly compared rates saved about $865 a year compared to people who never compared other company’s rates.
If finding the cheapest price on insurance in Cincinnati is your ultimate goal, then understanding the best ways to find and compare coverage rates can make it simple to find affordable coverage.
How to buy low-cost Chevy Bolt insurance in Cincinnati
The easiest way to get the cheapest Chevy Bolt insurance in Cincinnati is to compare quotes annually from insurers who can sell car insurance in Ohio. Rate comparisons can be done by following these guidelines.
- Try to comprehend how companies price auto insurance and the measures you can control to keep rates low. Many policy risk factors that result in higher prices like speeding tickets, accidents and an unfavorable credit rating can be improved by making small lifestyle or driving habit changes. Keep reading for instructions to help find cheaper rates and find missing discounts.
- Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive and State Farm, while independent agencies can quote rates for a wide range of insurance providers. Compare rates
- Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money, make sure coverage is continuous and does not lapse.
- Give notification to your current company to cancel your existing policy. Submit a completed application and payment to the new insurer. As soon as you receive it, store the proof of insurance paperwork in your vehicle’s glove compartment or console.
A good tip to remember is to make sure you’re comparing the same level of coverage on each quote request and and to get price quotes from as many companies as possible. This helps ensure a level playing field and a thorough price selection.
Vehicle owners have multiple insurers to choose from, and although it’s nice to have multiple companies, it can be more challenging to locate the cheapest rates for Chevy Bolt insurance in Cincinnati.
It is always a good idea to quote other rates at least once a year because auto insurance prices are variable and change quite frequently. Just because you had the lowest rate on Chevy Bolt insurance in Cincinnati a year ago you can probably find a better premium rate now. Forget all the misinformation about auto insurance because you’re about to find out the things you must know in order to find better coverage on Chevy Bolt insurance in Cincinnati at a better price.
Finding the cheapest auto insurance coverage in Cincinnati is actually not that difficult if you follow our advice. If you have a policy now, you will surely be able to shop for the lowest rates using the ideas presented in this article. Although Ohio consumers must know how big insurance companies calculate your auto insurance rates and use it to your advantage.
When comparing insurance rates, know that comparing a large number of companies helps locate the best offered rates. Some smaller insurers do not give online price quotes, so it’s important to compare prices from the smaller companies as well.
The companies in the list below are ready to provide quotes in Cincinnati, OH. In order to find the cheapest auto insurance in Ohio, we recommend you compare several of them to get a more complete price comparison.
Insurance is not optional
Even though Cincinnati Bolt insurance rates can get expensive, paying for insurance may be required for several reasons.
- Almost all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability insurance in order to get the vehicle licensed. 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 you have a loan on your Chevy, it’s most likely the lender will force you to have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Chevy at an extremely high rate and force you to reimburse them for the expensive policy.
- Insurance safeguards both your assets and your vehicle. It also can pay for medical expenses for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. Despite what companies tell you, the average driver is wasting up to $830 a year so it’s recommended you shop around at least once a year to be sure current rates are still competitive.
Determine discounts on Cincinnati insurance
Some insurance providers don’t always list every discount they offer very clearly, so the list below gives a summary of some of the more common and the harder-to-find discounts that may be available. If you’re not getting every credit you qualify for, you could be getting lower rates.
- E-sign – A few insurance companies will discount your bill up to fifty bucks for completing your application on your computer.
- Drive Less and Save – Fewer annual miles on your Chevy may allow you to get slightly better prices than normal.
- Multi-line Discount – If the company offers life insurance, you could get a discount if you purchase some life insurance in addition to your auto policy.
- Club Memberships – Belonging to qualifying clubs or civic groups could trigger savings on your policy.
- Senior Citizen Rates – If you’re over the age of 55, you may qualify for a small discount on rates.
- Passive Restraints and Air Bags – Factory options such as air bags or automatic seat belts could see savings of 25 to 30%.
Drivers should understand that most of the big mark downs will not be given to the whole policy. Some only apply to individual premiums such as comprehensive or collision. So when it seems like it’s possible to get free car insurance, nobody gets a free ride.
Large insurance companies and some of the premium reductions they offer are shown below.
- GEICO includes discounts for emergency military deployment, driver training, anti-lock brakes, multi-policy, membership and employees, and multi-vehicle.
- SAFECO may include discounts for bundle discounts, homeowner, anti-theft, safe driver, and drive less.
- State Farm offers discounts including multiple autos, defensive driving training, Steer Clear safe driver discount, good student, student away at school, and accident-free.
- MetLife discounts include good driver, accident-free, defensive driver, good student, claim-free, and multi-policy.
- 21st Century offers discounts for student driver, homeowners, driver training, good student, and anti-lock brakes.
- Progressive may have discounts that include online quote discount, multi-vehicle, online signing, homeowner, and continuous coverage.
If you are trying to find inexpensive Cincinnati auto insurance quotes, ask every insurance company the best way to save money. A few discounts might not apply in every state. To locate providers who offer cheap Chevy Bolt insurance quotes in Ohio, click here to view.
When to talk to an insurance agency
Many people just prefer to talk to a local agent and that is OK! The biggest benefit of getting free rate quotes online is that you can obtain cheaper rates and still choose a local agent.
To help locate an agent, after submitting this short form, your coverage information is emailed to local insurance agents in Cincinnati who can give free rate quotes for your car insurance coverage. You never need to find an agent on your own since rate quotes are delivered straight to your inbox. You can find the lowest rates and an insurance agent to talk to. If you need to get a price quote from one company in particular, you just need to navigate to their website and complete a quote there.
Finding the right insurance company requires more thought than just the bottom line cost. These are some questions your agent should answer.
- Is the coverage adequate for your vehicle?
- Does the agent have professional designations like CIC, CPCU or AIC?
- What insurance companies do they work with in Cincinnati?
- Did they already check your driving record and credit reports?
- Has the agent ever had any license suspensions?
- What company do they have the most business with?
- How much training do they have in personal risk management?
Multiple types of auto insurance agents in Cincinnati
If you need to find a reputable agency, you should know the different types of agencies and how they differ in how they can insure your vehicles. Car insurance agents are categorized either independent (non-exclusive) or exclusive.
Exclusive Car Insurance Agents
Exclusive agencies can usually just insure with one company and examples are Allstate, State Farm and Farm Bureau. Exclusive agents cannot compare rates from other companies so it’s a take it or leave it situation. They are trained well on the products they sell and that enables them to sell even at higher rates.
Below is a list of exclusive insurance agents in Cincinnati that are able to give price quotes.
Independent Car Insurance Agencies
Agents of this type often have affiliation with several companies so they can write business through many companies depending on which coverage is best. To transfer your coverage to a different company, they simply switch companies in-house without you having to go to a different agency.
If you need cheaper car insurance rates, you definitely need to get quotes from at least one independent agent to maximize your price options.
The following is a short list of independent insurance agencies in Cincinnati that are able to give price quote information.
Rick Hensley Insurance Agency
747 Ohio Pike – Cincinnati, OH 45245 – (513) 797-8300 – View Map
What is the best auto insurance coverage?
When quoting and comparing your policy, there is no perfect coverage plan. Everyone’s situation is unique and a cookie cutter policy won’t apply.
Here are some questions about coverages that could help you determine whether or not you will benefit from professional help.
- What is covered by UM/UIM coverage?
- When would I need rental car insurance?
- Are combined or split liability limits better?
- Can I rent a car in Mexico?
- How can I find cheaper teen driver insurance?
- Is there coverage for injuries to my pets?
If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.
Auto insurance policy specifics
Understanding the coverages of auto insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average auto insurance policy.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as pain medications, hospital visits and prosthetic devices. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like fire damage, a tree branch falling on your vehicle, damage from getting keyed and hail damage. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Collision – Collision coverage pays for damage to your Bolt caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision can pay for things like crashing into a building, hitting a mailbox and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible on your Bolt to bring the cost down.
Liability car insurance – Liability insurance protects you from injuries or damage you cause to other people or property in an accident. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things such as pain and suffering, medical services, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford. Ohio requires drivers to carry at least 25/50/25 but drivers should carry more liability than the minimum.
The next chart demonstrates why minimum state limits may not be high enough to adequately cover claims.
UM/UIM Coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many Ohio drivers only carry the minimum required liability limits (25/50/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Frequent quotes can save
As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at a price you can afford while still protecting your assets.
Cheap Chevy Bolt insurance in Cincinnati is possible online in addition to many Cincinnati insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance companies may not offer the ability to get a quote online and these small insurance companies only sell coverage through independent insurance agencies.
How to buy cheaper Chevy Bolt insurance in Cincinnati
The most effective way to save on auto insurance rates in Cincinnati is to compare quotes once a year from providers in Ohio. Price quotes can be compared by completing these steps.
- Try to comprehend how auto insurance works and the steps you can take to keep rates in check. Many rating criteria that are responsible for high rates such as traffic citations and a negative credit rating can be amended by making minor driving habit or lifestyle changes.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
- Compare the price quotes to your current policy premium to see if cheaper Bolt coverage is available in Cincinnati. If you find a lower rate, make sure coverage does not lapse between policies.
- Provide adequate notice to your current company of your intent to cancel your current coverage. Submit a down payment and signed policy application to your new company or agent. Once received, keep your new proof of insurance certificate somewhere easily accessible.
An important bit of advice to remember is to use identical deductibles and limits on every quote and to quote with as many different companies as possible. This helps ensure a fair rate comparison and many rates to choose from.
More learning opportunities
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Who Has the Cheapest Cincinnati Auto Insurance Rates for Active Military? (FAQ)
- Who Has Affordable Cincinnati Auto Insurance for Infrequent Drivers? (FAQ)
- Who Has Affordable Car Insurance Rates for College Graduates in Cincinnati? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)