How to Get the Cheapest Monroe Auto Insurance

Buying affordable Monroe auto insurance online can be rather challenging for consumers not familiar with comparison shopping online. Because there are so many online companies available, how can consumers have a chance to compare every company to locate the best available price?

Are you getting all your discounts?

Car insurance companies don't necessarily list all available discounts in a way that's easy to find, so here is a list both well-publicized as well as the least known discounts you could be receiving.

  • Multi-car Discount - Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Accident Waiver - A handful of insurance companies will forgive one accident before your rates go up so long as you haven't had any claims for a set time period.
  • Theft Prevention Discount - Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to enroll in driver's education in school.
  • Fewer Miles Equal More Savings - Driving fewer miles can qualify you for a substantially lower rate.

It's important to note that some credits don't apply to all coverage premiums. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you're out of luck.

How can Allstate, GEICO and Progressive save drivers who switch?

Allstate, GEICO and Progressive constantly bombard you with ads on television and other media. All the companies have a common claim that you can save if you switch your policy. How can each company make almost identical claims?

Insurance companies have a preferred profile for the right customer that earns them a profit. An example of a profitable customer could possibly be between 30 and 50, insures multiple vehicles, and has a high credit rating. A driver that hits that "sweet spot" is entitled to the best price and as a result will probably save when they switch companies.

Consumers who are not a match for the requirements must pay higher prices and this can result in the driver buying from a lower-cost company. The ads state "customers that switch" not "everybody who quotes" save that kind of money. This is how insurance companies can state the savings. This illustrates why you should compare as many rates as you can. It is impossible to predict which insurance companies will have the lowest rates.

For more Ohio auto insurance information

Additional detailed information is available at the Ohio Department of Insurance website. Ohio consumers can find out which companies have the most complaints, learn about insurance regulations, and read consumer alerts.

The best insurance company isn't always the cheapest

Lower-priced auto insurance can be found online in addition to many Monroe insurance agents, so compare prices from both in order to have the best price selection to choose from. Some insurance companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

As you restructure your insurance plan, it's not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your focus should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Drivers switch companies for a number of reasons such as lack of trust in their agent, denial of a claim, policy non-renewal and even extreme rates for teen drivers. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.