Car Insurance Rate Quotes for a Jeep Compass in Cincinnati

Insurance quote for Jeep Compass in CincinnatiIt’s an obvious assumption that auto insurance companies don’t want customers comparing rates. Consumers who compare rates annually are likely to buy a different policy because they stand a good chance of getting low-cost coverage. A recent study showed that people who regularly compared rates saved $72 a month compared to people who didn’t regularly shop around.

If finding the best price on Jeep Compass insurance is the reason you’re reading this, then learning a little about the best way to compare coverages can help make the process easier.

If saving money is your primary concern, then the best way to get cheaper Jeep Compass insurance is to start doing an annual price comparison from insurance carriers in Cincinnati.

First, try to learn a little about how insurance works and the changes you can make to prevent expensive coverage. Many policy risk factors that result in higher prices like traffic violations and a not-so-good credit score can be improved by making minor changes to your lifestyle. Keep reading for information to get better rates and earn a bigger discount.

Second, compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while agents who are independent can provide prices from multiple insurance companies.

Third, compare the quotes to your existing policy and determine if cheaper Compass coverage is available in Cincinnati. If you find a better price, make sure there is no coverage gap between policies.

Fourth, notify your agent or company to cancel the current policy. Submit a completed application and payment for your new policy. As soon as you receive it, store the certificate verifying proof of insurance in a readily accessible location in your vehicle.

The key thing to remember is to use the same liability limits and deductibles on every quote request and to quote with every insurance company. Doing this provides the most accurate price comparison and a thorough price selection.

The quickest method we recommend to compare insurance rates in your area is to take advantage of the fact most insurance companies participate in a system to give you rate quotes. All consumers are required to do is take a few minutes to give details like if you are currently licensed, your credit rating estimate, whether your vehicle is owned or leased, and the ages of drivers. That information is instantly sent to insurance companies and they respond with quotes with very little delay.

To get price quotes for your Jeep Compass now, click here and enter your zip code.

The following companies offer comparison quotes in Ohio. If your goal is to find the best cheap auto insurance in Ohio, we suggest you visit two to three different companies to get the lowest price.

Rates and other information

The data table below highlights estimates of policy rates for Jeep Compass models. Having a good grasp of how auto insurance policy rates are determined can be valuable when making informed coverage decisions.

Jeep Compass Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $152 $242 $226 $14 $68 $702 $59
Compass Sport 4WD $176 $296 $226 $14 $68 $780 $65
Compass Limited 2WD $176 $296 $226 $14 $68 $780 $65
Compass Limited 4WD $176 $296 $226 $14 $68 $780 $65
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate information does not factor in vehicle location which can change auto insurance rates greatly.

Full coverage versus liability only rates

The example below shows the comparison of Jeep Compass annual premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving citations, $250 deductibles, drivers are single, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no set rule to stop paying for physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your Jeep Compass replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after the deductible is paid. If premiums are more than $700 a year to have full coverage, then it could be time to drop full coverage.

There are some conditions where dropping full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Informed Decisions Result in Lower Insurance Premiums

Lots of factors are considered when you get your auto insurance bill. Some are pretty understandable like an MVR report, but some are less apparent like your continuous coverage or your commute time.

Your address can impact prices – Having an address in areas with lower population has definite advantages when trying to find low car insurance rates. Drivers in populated areas tend to have much more traffic and much longer commute distances. Fewer drivers means reduced accidents.

Your employer and insurance rates – Did you know that where you work can have an impact on rates? Careers like military personnel, architects, and emergency personnel usually pay higher rates than the rest of us attributed to high stress and long work days. On the other hand, professions such as actors, athletes and the unemployed pay lower than average rates.

Affects performance affects auto insurance costs – The performance of the car, truck or SUV you own makes a significant difference in your auto insurance rates. The cheapest rates are usually found on economy passenger cars, but the cost you end up paying is determined by many additional factors.

The next chart uses these variables: married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Jeep Compass rates compared to other models that have different performance rating factors.

Raising coverage deductibles saves money – Physical damage coverage, aka comp and collision, is used to repair damage to your Jeep. Some instances where coverage would apply would be colliding with a building, hitting a deer, and damage from a fallen tree branch. Your deductibles tell how much you are willing to pay if the claim is covered. The more you are required to pay out-of-pocket, the lower your rates will be.

Lower prices with no policy lapses – Driving without insurance is illegal and companies may charge more for letting your coverage cancel without a new policy in place. And not only will your rates increase, getting caught without coverage could earn you a fine, jail time, or a revoked license.

You may save more by bundling policies – The majority of insurance companies allow better rates for people who consolidate policies with them in the form of a multi-policy discount. This can amount to ten or even fifteen percent. Even if you’re getting this discount you still need to compare other company rates to help guarantee you have the best rates.There is a chance you can save even more even if you insure with multiple companies

Insurance loss probability for a Jeep Compass – Insurance companies study historical loss data when determining insurance rates. Models that the data shows to have a higher amount or frequency of claims will have a higher premium rate.

The data below shows the compiled insurance loss statistics for Jeep Compass vehicles. For each coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Percentages below 100 indicate a favorable loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or larger claims.

Jeep Compass Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Compass 4dr 2WD 87 135 58 128 124 142
Jeep Compass 4dr 4WD 76 114 63 99 107 106

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three reasons insurance is important

Despite the high cost, buying insurance is required in Ohio but also provides important benefits.

First, the majority of states have minimum liability requirements which means state laws require a specific minimum amount of liability coverage 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.

Second, if you took out a loan on your vehicle, more than likely the lender will require you to buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Jeep at an extremely high rate and require you to fork over the higher premium.

Third, insurance preserves your Jeep and your assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If your car is damaged in a storm or accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. But the average American driver is overpaying more than $800 each year so compare rates each time the policy renews to help ensure money is not being wasted.

Ohio car insurance company ratings

Finding a highly-rated insurer can be rather challenging considering how many companies sell coverage in Ohio. The company information displayed below may help you select which providers you want to consider when looking for cheaper rates.

Best Car Insurance Companies in Cincinnati
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies