Compare Ravenna Auto Insurance Prices With These Methods

Are you intimidated by the sheer number of auto insurance options in Ravenna? You're not the only one! Drivers have so many options that it can turn into a real hassle to find the best price.

It's important to take a look at other company's rates every six months because prices are constantly changing. Just because you had the lowest rates a year ago a different company probably has better rates today. So block out anything you think you know about auto insurance because you're going to get a crash course in the tricks you need to know to reduce your cost while increasing coverage.

Finding the lowest cost coverage in Ravenna is not that difficult. In a nutshell, every driver who is required by state law to have auto insurance stands a good chance to be able to reduce their rates. But Ohio drivers do need to know how the larger insurance companies sell insurance online and use this information to your advantage.

Be sure to get all your discounts

Insuring your vehicles can cost a lot, but you can get discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of purchase, but lesser-known reductions have to be specifically requested prior to receiving the credit.

  • Sign Online - Certain companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Homeowners Discount - Owning a house in Ravenna may trigger a auto insurance policy discount because owning a home is proof that your finances are in order.
  • Early Signing - A few companies offer discounts for switching policies prior to your current policy expiring. This can save 10% or more.
  • Discount for Good Grades - Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.
  • Multi-car Discount - Buying insurance for more than one vehicle on one policy could earn a price break for each car.
  • Save over 55 - If you qualify as a senior citizen, you may qualify for better auto insurance rates.
  • Payment Discounts - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • No Accidents - Drivers with accident-free driving histories can save substantially as compared to drivers who are more careless.
  • Federal Government Employee - Active or retired federal employment can save as much as 8% with select insurance companies.
  • College Student - Children who attend school more than 100 miles from home and do not have a car can receive lower rates.

Drivers should understand that most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like it's possible to get free car insurance, companies wouldn't make money that way. But all discounts will help reduce the amount you have to pay.

Ravenna Rates are Influenced by These Factors

Smart consumers have a good feel for some of the elements that go into determining the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay enables informed choices that may reward you with lower auto insurance prices.

  • Marriage brings a discount - Having a spouse can actually save you money when buying auto insurance. It means you're more mature than a single person and it's statistically proven that being married results in fewer claims.
  • Do you know your deductibles? - Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply could be colliding with a building, damage caused by hail, or theft. Your deductibles are how much you are willing to pay in the event of a claim. The higher the amount you are required to pay out-of-pocket, the less your auto insurance will be.
  • What type of vehicle do you drive? - The performance level of the car you own makes a substantial difference in determining your rates. The most favorable rates tend to be for low performance passenger vehicles, but there are many factors that impact the final cost.
  • Careful drivers pay lower rates - Your driving citation history has a big impact on rates. Just one moving violation can boost insurance rates by as much as thirty percent. Careful drivers receive lower rates than bad drivers. Drivers who have serious citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • Are you male or female? - Statistics demonstrate women tend to be less risk to insure than men. That doesn't necessarily mean that men are worse drivers. Women and men have accidents in similar percentages, but the males cause more damage. They also get cited for more serious violations such as DWI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Your occupation can affect rates - Did you know that where you work can have an impact on rates? Jobs such as lawyers, architects and stock brokers tend to have the highest rates attributed to stressful work requirements and lengthy work days. On the other hand, occupations like actors, students and homemakers receive lower rates.

Is there truth in advertising?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with television and radio advertisements. They all seem to say the same thing that you'll save big if you switch to their company. But how can every company make almost identical claims?

All companies are able to cherry pick for the driver that earns them a profit. For example, a desirable insured could possibly be between the ages of 40 and 55, has no driving citations, and has excellent credit. A customer getting a price quote who fits that profile is entitled to the best price and is almost guaranteed to save a lot of money.

Potential customers who don't measure up to this ideal profile will have to pay higher prices which usually ends up with the driver buying from a lower-cost company. Company advertisements say "people who switch" but not "drivers who get quotes" save that much. That's the way companies can make those claims.

Because of the profiling, drivers should quote coverage with many companies. It's impossible to know which auto insurance company will have the lowest rates.

Much more information about auto insurance in Ohio can be found on the Ohio Department of Insurance website through this link. Ohio consumers can get help finding coverage, report car insurance fraud, and learn about specific coverages.

Also read more on this site for Ohio auto insurance information and see this list of insurance agents in Ravenna.

Affordable insurance is out there

Budget-conscious auto insurance is available online and also from your neighborhood Ravenna agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

You just read a lot of information how to reduce auto insurance prices online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Drivers may discover the lowest priced auto insurance comes from a company that doesn't do a lot of advertising.

While you're price shopping online, don't be tempted to skimp on coverage in order to save money. In many cases, someone sacrificed uninsured motorist or liability limits only to regret they didn't purchase enough coverage. Your aim should be to buy enough coverage at an affordable rate.