Proven Techniques to Save on Hinckley Auto Insurance

Having to pay for overpriced auto insurance can empty your savings account and force you to make sacrifices. Comparison shopping is free and is an excellent way to reduce premiums and put more money in your pocket. Drivers have multiple to buy insurance from, and even though it's nice to have multiple companies, it can be more challenging to compare rates.

Buying car insurance in Hinckley is not that difficult. If you are insured now or need new coverage, you can learn to find better prices and possibly find even better coverage. Ohio consumers only need to know the tricks to get comparison rates online.

Save big with these discounts

Companies that sell car insurance do not list every discount very clearly, so we took the time to find both well-publicized and the harder-to-find ways to save on auto insurance. If you're not getting every credit you deserve, you are throwing money away.

  • No Accidents - Drivers who don't have accidents can save substantially when compared to drivers who are more careless.
  • Own a Home - Simply owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Pay Upfront and Save - If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Paperwork-free - A handful of insurance companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • More Vehicles More Savings - Insuring multiple cars or trucks on one policy qualifies for this discount.
  • Distant Student - Any of your kids who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.
  • Clubs and Organizations - Participating in a qualifying organization could trigger savings when shopping for auto insurance.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like all those discounts means the company will pay you, you won't be that lucky.

Good Decisions Result in Lower Rates

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for auto insurance. Knowing what impacts premium levels enables informed choices that will entitle you to big savings.

  • Rates may be lower depending on your job - Careers like lawyers, executives and financial analysts tend to have higher average rates in part from high stress levels and lots of time spent at work. Conversely, professions such as pilots, engineers and the unemployed receive lower rates.
  • Being married can save on auto insurance - Having a spouse actually saves money on your auto insurance policy. Having a significant other means you're more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Special features that cut premiums - Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
  • Don't skimp on liability - The liability section of your policy is the protection when a court rules you are at fault for causing damage or personal injury in an accident. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Older drivers pay less - Teen drivers in Ohio tend to be careless and easily distracted when driving so they pay higher auto insurance rates. If you've ever had to add a youthful driver to your auto insurance policy can be quite pricey. More mature drivers are more cautious drivers, file fewer claims and receive fewer citations.
  • High deductibles save money - Physical damage deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be running into the backend of another car, vandalism, and burglary. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive.

Auto insurance ads bend the truth

Ohio consumers get pounded daily by advertisements for car insurance savings by Progressive, Allstate and GEICO. They all make the same claim about savings if you move to their company.

How does each company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the driver that earns them a profit. For example, a driver they prefer could possibly be over the age of 50, insures multiple vehicles, and has a short commute. A customer getting a price quote who matches those parameters is entitled to the best price and most likely will save when switching.

Potential customers who fall outside these standards will be quoted a higher premium which leads to the driver buying from a lower-cost company. Company advertisements say "drivers who switch" not "people who quote" save that much. This is how companies can truthfully make the claims of big savings. This emphasizes why drivers should get quotes from several different companies. It's impossible to know which insurance companies will fit your personal profile best.

For more Ohio auto insurance information

Even more information can be found at the Ohio Department of Insurance website. Ohio consumers can read industry bulletins, get help finding coverage, view a list of available companies, and find out which companies have the most complaints.

A tidy conclusion

The cheapest auto insurance is possible online and also from your neighborhood Hinckley agents, and you should be comparing both to have the best rate selection. Some insurance providers may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

As you shop your coverage around, never skimp on coverage in order to save money. There are too many instances where drivers have reduced physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy enough coverage for the lowest price while still protecting your assets.