Proven Techniques to Save on Lorain Auto Insurance

Tired of not being able to afford each month for car insurance? You are in the same boat as many other Ohio drivers.

Companies like State Farm, Allstate, GEICO and Progressive constantly blast consumers with TV and radio ads and it is difficult to sift through the bull and take the time to shop coverage around.

If you are paying for car insurance now, you should be able to save some money using this information. Finding affordable coverage in Lorain is easy if you know what you're doing. But Ohio consumers do need to know how the larger insurance companies compete online and take advantage of how the system works.

Good Decisions Result in Lower Rates

Consumers need to have an understanding of the rating factors that help determine the rates you pay for auto insurance. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to big savings.

  • More claims means more premium - If you file claims often, you can definitely plan on higher rates. Companies in Ohio give cheaper rates to people who are claim-free. Insurance coverage is intended for major claims that would cause financial hardship.
  • Theft deterrents lower rates - Driving a car with an alarm system can help bring down rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
  • Men pay higher rates - The statistics show women are more cautious behind the wheel. However, this does not mean men are worse drivers. They both have accidents at about the same rate, but the men have costlier accidents. Men also statistically have more aggressive citations like DUI and reckless driving. Teenage male drivers are most likely to cause an accident and are penalized with high auto insurance rates.
  • Discounts for married couples - Being married can get you a discount on your auto insurance policy. Having a significant other means you're more mature than a single person and it's proven that drivers who are married are more cautious.
  • Extra coverages can waste money - There are a ton of extra bells and whistles that can waste your money when buying auto insurance. Insurance for vanishing deductibles, accident forgiveness and term life insurance may be wasting your money. They may seem like a good idea when you first buy your policy, but if they're wasting money eliminate the coverages to reduce your premium.
  • Your auto insurance rates can be influenced by your job - Did you know your occupation can influence how much you pay for auto insurance? Careers like doctors, executives and dentists tend to have the highest average rates because of stressful work requirements and lots of time spent at work. Other occupations like farmers, historians and performers receive lower rates.
  • Safer cars are cheaper to insure - Vehicles with good safety scores tend to have better insurance rates. The safest vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders.

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How much can you save with discounts?

Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Certain discounts will be triggered automatically when you get a quote, but lesser-known reductions have to be specifically requested before you will receive the discount.

  • Drivers Ed for Students - Cut your cost by having your teen driver successfully complete driver's ed class if it's offered in school.
  • Payment Method - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Senior Citizens - If you're over the age of 55, you may be able to get better auto insurance rates.
  • Paperwork-free - A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Driver Safety - Taking part in a defensive driving course could save 5% or more if your company offers it.
  • No Accidents - Claim-free drivers can earn big discounts when compared to accident-prone drivers.
  • Service Members Pay Less - Having a family member in the military may qualify for rate reductions.
  • Employee of Federal Government - Employees or retirees of the government may qualify you for a discount with a few auto insurance companies.
  • Braking Control Discount - Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Distant Student - Any of your kids who live away from home and do not have access to a covered vehicle can receive lower rates.

Drivers should understand that most discount credits are not given to the entire cost. Some only reduce individual premiums such as liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn't make money that way. But all discounts will reduce the amount you have to pay.

To choose insurance companies who offer auto insurance discounts in Lorain, click this link.

Save 15 percent in 15 minutes? Is it for real?

Auto insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all make the same claim that you'll save big after switching to their company. How can each company claim to save you money?

All the different companies can use profiling for the driver that makes them money. An example of a driver they prefer might be between the ages of 40 and 55, has no tickets, and has excellent credit. A customer getting a price quote who matches those parameters will get very good rates and is almost guaranteed to save when they switch companies.

Drivers who don't meet the requirements will be quoted higher premiums which leads to the customer not buying. The ads say "customers that switch" but not "drivers who get quotes" save that much. That's why companies can make those claims.

This emphasizes why you should get quotes from several different companies. It's impossible to know the company that will have the lowest rates.

More Ohio auto insurance information

Much more information about auto insurance in Ohio is available on the website for the Ohio Department of Insurance located here. Visitors are able to download brochures, view a list of available companies, learn about insurance regulations, and get help finding coverage.

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Final considerations

While you're price shopping online, it's not a good idea to buy poor coverage just to save money. There have been many situations where an insured dropped comprehensive coverage or liability limits to discover at claim time they didn't purchase enough coverage. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.

Budget-conscious auto insurance can be bought both online and also from your neighborhood Lorain agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies may not provide online price quotes and these smaller companies work with independent agents.