How to Know You're Spending Too Much for Auto Insurance in Dayton

Having to pay for overpriced auto insurance can take a big chunk out of your checking account and make it impossible to make ends meet. Comparing price quotes is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income. Consumers have many to pick from, and even though it's nice to have multiple companies, it can be more difficult to compare rates.

Choosing the best insurance company for you in Dayton is quite easy. If you have a current auto insurance policy or are shopping for new coverage, you can learn to find better prices while maximizing coverage. Ohio drivers only need an understanding of the proper methods to find the lowest price over the internet.

Don't pay full price with these discounts

Companies offering auto insurance don't always advertise all available discounts very clearly, so we took the time to find some of the best known and the harder-to-find savings tricks you should be using. If you're not getting every credit you deserve, you are throwing money away.

  • Multiple Vehicles - Having multiple vehicles on one policy qualifies for this discount.
  • Accident Waiver - Certain companies will allow you to have one accident before your rates go up so long as you haven't had any claims for a set time period.
  • Life Insurance - Larger companies have a discount if you purchase life insurance.
  • New Vehicle Savings - Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Government Employees - Active or retired federal employment could cut as much as 10% off depending on your company.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to enroll in driver's education if it's offered in school.
  • No Accidents - Drivers who don't have accidents can save substantially when compared with drivers who are more careless.
  • Service Members Pay Less - Being on active duty in the military may qualify for rate reductions.

Consumers should know that most discounts do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, companies don't profit that way.

The auto insurance bait and switch

Ohio drivers get pounded daily by advertisements for car insurance savings by Allstate, GEICO and Progressive. All the companies make an identical promise of big savings after switching to their company.

How does each company say the same thing? This is how they do it.

Insurance companies have a preferred profile for the driver that earns them a profit. For example, a profitable customer might be profiled as between 30 and 50, insures multiple vehicles, and drives newer vehicles. A propective insured who meets those qualifications is entitled to the best price and therefore will save when switching.

Consumers who don't measure up to these standards must pay higher prices and ends up with business not being written. The ads state "drivers who switch" not "everyone that quotes" save that much. This is how insurance companies can confidently claim big savings. This illustrates why you should get as many quotes as possible. It's not possible to predict which insurance companies will give you the biggest savings.

For more Ohio auto insurance information

More tips and info about auto insurance can be found at the Ohio Department of Insurance website. Ohio drivers can find out which companies have the most complaints, get help finding coverage, view agent and company licensing information, and file complaints about an insurance agent or broker.

Also read more on this link for Ohio auto insurance quotes and this page for help finding agents in Dayton, OH.

And the best car insurance company is...

Cost effective auto insurance can be purchased on the web and also from your neighborhood Dayton agents, so compare prices from both in order to have the best price selection to choose from. A few companies may not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

When trying to cut insurance costs, make sure you don't buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced physical damage coverage only to discover later that it was a big mistake. Your focus should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.