Easy Methods to Pay Less on Richmond Auto Insurance

Shopping for affordable Richmond auto insurance online can be rather challenging for beginners to comparison shopping online. Because there are so many online companies available, how can consumers have a chance to compare every one to find the cheapest rates?

It's important to check auto insurance prices on a regular basis because prices are constantly changing. Just because you found the lowest rates a couple years back you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the tricks you need to know to save money, get proper coverage and the best rates.

These discounts can lower your rates

Car insurance companies don't list all their discounts very well, so we break down both the well known as well as the least known discounts you could be receiving. If you don't get every credit you deserve, you are throwing money away.

  • College Student - Youth drivers who attend school more than 100 miles from home and don't have a car can be insured at a reduced rate.
  • Sign Online - Certain companies may give you up to $50 just for signing your application online.
  • Own a Home - Owning a house in Richmond can save you money because maintaining a house is proof that your finances are in order.
  • Good Student Discount - Performing well in school can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Accident Waiver - Some insurance companies will forgive one accident before your rates go up as long as you don't have any claims prior to the accident.

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

Richmond auto insurance comparison

Are you falling for claims of savings?

Consumers in Ohio get pounded daily by advertisements for car insurance savings by companies like Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you can save if you change to them.

But how can every company claim to save you money?

All companies have a preferred profile for the type of driver that earns them a profit. For example, a desirable insured might be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote that hits that "sweet spot" is entitled to the best price and as a result will probably save a lot of money.

Potential customers who are not a match for this ideal profile will have to pay higher prices and this can result in the customer not buying. Company advertisements say "customers that switch" not "everybody who quotes" save money. This is how insurance companies can advertise the way they do. Because of the profiling, you should compare as many rates as you can. It's impossible to know which insurance companies will provide you with the cheapest rates.

For more Ohio auto insurance information

Additional detailed information can be found at the Ohio Department of Insurance website. Visitors are able to read enforcement actions against agents and companies, get help finding coverage, and report car insurance fraud.

Also read more on this Car Insurance FAQ and this page of insurance agents in Richmond.

A tidy conclusion

As you go through the steps to switch your coverage, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced uninsured motorist or liability limits only to regret that the savings was not a smart move. Your aim should be to buy enough coverage at a price you can afford.

Lower-priced auto insurance can be sourced both online and with local Richmond insurance agents, and you need to comparison shop both so you have a total pricing picture. Some auto insurance companies do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

We covered a lot of ways to reduce auto insurance prices online. It's most important to understand that the more times you quote, the better your comparison will be. Drivers may discover the lowest premiums are with a small local company.