How to Know You're Spending Too Much for Auto Insurance in Mc Clure
Having to pay for overpriced auto insurance can dwindle your checking account and make it hard to pay other bills. Comparing price quotes is a great way to tighten up your finances. Consumers have many to buy insurance from, and although it's nice to be able to choose, it can be more difficult to compare rates.
It's important to compare rates yearly because insurance rates are constantly changing. Even if you got the best price two years ago you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because we're going to demonstrate the only way to reduce your cost while improving coverage.
Choosing the best insurance company for you in Mc Clure is quite easy. If you have insurance now or are shopping for new coverage, you will benefit by learning to find better prices and possibly find even better coverage. Ohio drivers only need an understanding of the tricks to shop their coverage around online.
You have some control over your rates
Consumers need to have an understanding of the factors that go into determining the price you pay for auto insurance. Knowing what determines base rates enables informed choices that may reward you with big savings.
- Having a spouse can save you money - Having a spouse can actually save you money on auto insurance. It means you're more mature and responsible and it's proven that married drivers get in fewer accidents.
- Where you live is a factor - Residing in less populated areas can be a good thing when insuring your vehicles. Urban drivers regularly have much more traffic and longer commute times. Less people living in that area translates into fewer accidents.
- Multi-policy discounts can save money - Most insurance companies will give a discount to customers who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, you still need to comparison shop to ensure the best deal.
- Do you need those extra coverages? - There are many add-on coverages that you can buy on your auto insurance policy. Coverages for personal injury protection, towing coverage and term life insurance are some examples. They may seem good when you first buy your policy, but if they're wasting money eliminate them to save money.
- Proper usage rating affects rates - The more miles you rack up on your car in a year's time the more you will pay for auto insurance. Most insurance companies apply a rate determined by how the vehicle is used. Cars not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your auto insurance policy shows how each vehicle is driven.
More discounts equal less premium
Companies offering auto insurance do not list all their discounts very clearly, so we took the time to find both well-publicized as well as the least known discounts you could be receiving. If you're not getting every credit you deserve, you are paying more than you should be.
- Accident Waiver - Certain companies will forgive one accident before hitting you with a surcharge as long as you don't have any claims for a particular time prior to the accident.
- Bundle and Save - If you insure your home and vehicles with the same insurance company you could get a discount of approximately 10% to 15%.
- Theft Prevention System - Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
- Sign Online - A handful of insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
- Defensive Driver - Taking part in a course in driver safety could cut 5% off your bill if your company offers it.
- Life Insurance Discount - Larger companies have a discount if you purchase auto and life insurance together.
- Discount for New Cars - Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
- Drivers Education - Cut your cost by having your teen driver complete a driver education course in school.
Consumers should know that some credits don't apply to your bottom line cost. Most only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, companies don't profit that way.
To choose companies offering auto insurance discounts in Ohio, click here.
Switch companies and save? Really?
Ohio consumers can't ignore all the ads for car insurance savings by State Farm, GEICO and Progressive. They all seem to have a common claim of big savings if you switch to their company.
How does each company make almost identical claims?
All the different companies have a preferred profile for the driver that makes them money. For example, a desirable insured could possibly be over the age of 50, has no prior claims, and chooses high deductibles. A driver that hits that "sweet spot" is entitled to the best price and therefore will save when switching.
Potential insureds who do not match these standards will have to pay more money and this can result in the driver buying from a lower-cost company. Company advertisements say "customers that switch" not "everyone that quotes" save that much. This is how insurance companies can confidently state the savings. Because of the profiling, you should get a wide range of price quotes. It is impossible to predict which insurance companies will give you the biggest savings.
It's not one size fits all
When buying the right insurance coverage for your personal vehicles, there isn't really a one size fits all plan. Everyone's situation is a little different and your policy should reflect that. Here are some questions about coverages that can help discover if you may require specific advice.
- I have good health insurance, so how much medical payments coverage do I need?
- What is the difference between comprehensive and collision coverage?
- Do I need special endorsements for business use of my vehicle?
- Does my personal policy cover me when driving my company car?
- Should I rate my vehicle as pleasure use or commute?
- When does my teenage driver need to be added to my policy?
- Who is covered when they drive my vehicle?
If you can't answer these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Learn more about auto insurance in Ohio
More tips and info about auto insurance can be found at the Ohio Department of Insurance website. Ohio consumers can get help finding coverage, view agent and company licensing information, read consumer alerts, and discover disciplinary actions.
And the best car insurance company is...
Cost effective auto insurance can be found online and also from your neighborhood Mc Clure agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.
When buying insurance coverage, never buy poor coverage just to save money. In many cases, consumers will sacrifice physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at a price you can afford.