Car Insurance in Oberlin Ohio - 7 Tips to Save Money

Having to pay for overpriced car insurance can take a big chunk out of your savings 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 lower your monthly bill. Drivers have so many to buy insurance from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to compare rates.

This information will help educate you on the most effective way to quote insurance and some tricks to saving. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these methods. Ohio drivers only need an understanding of how to get comparison rates over the internet.

Save big with these seven discounts

Insurance can cost an arm and a leg, but discounts can save money and there are some available to reduce the price significantly. Most are applied when you purchase, but some may not be applied and must be specifically requested before being credited. If you're not getting every credit you deserve, you are throwing money away.

  • Multiple Vehicles - Insuring multiple vehicles on one policy can get a discount on all vehicles.
  • Accident Waiver - Certain companies allow you 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.
  • Student in College - Kids in college living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Theft Prevention Discount - Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Clubs and Organizations - Belonging to a qualifying organization is a good way to get lower rates when buying car insurance.
  • Passive Restraints - Vehicles equipped with air bags or automatic seat belts may earn rate discounts of up to 25% or more.

Consumers should know that most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, companies don't profit that way. Any qualifying discounts will bring down your overall premium however.

Car insurance ads bend the truth

Consumers get pounded daily by advertisements for car insurance savings from the likes of Allstate, GEICO and Progressive. All the companies make an identical promise of big savings after switching your coverage to them.

How does each company make the same claim? It's all in the numbers.

Insurance companies have a preferred profile for the type of customer that earns them a profit. A good example of a profitable customer could be over the age of 40, insures multiple vehicles, and has excellent credit. Any new insured who meets those qualifications will get very good rates and most likely will save when switching.

Consumers who fall outside these standards must pay higher prices and ends up with business going elsewhere. The ads say "customers who switch" not "people who quote" save that much money. This is how insurance companies can confidently make those claims.

This illustrates why drivers should quote coverage with many companies. It's just too difficult to predict which insurance companies will have the lowest rates.

For more Ohio car insurance information

Additional car insurance information can be read on the website for the Ohio Department of Insurance found here. Consumers can find out which companies have the most complaints, get help finding coverage, view agent and company licensing information, and read enforcement actions against agents and companies.

And the best car insurance company is...

Cost effective car insurance can be purchased from both online companies as well as from independent agents in Oberlin, and you need to comparison shop both in order to have the best price selection to choose from. Some companies don't offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

While you're price shopping online, it's very important that you do not skimp on coverage in order to save money. In too many instances, drivers have reduced full coverage and found out when filing a claim they didn't purchase enough coverage. Your focus should be to find the BEST coverage at the best price while not skimping on critical coverages.