Who Has Cheap Auto Insurance Quotes for Nurses in Ohio?

You have seen the captivating commercials from car insurance companies like Farmers, Progressive, and State Farm that make promises of enormous savings, so you just need to pick the one with the catchiest commercial, right?

It’s not quite that easy, unfortunately, as there are a lot of unknown aspects such as the number of years of driving experience you have, how well you maintain your credit, if you are married or single, and what level of deductibles you wish to have, that all go into determining the rate you pay. This article should teach you a little about some of these topics and will hopefully give you a good beginning to your quest for cheaper car insurance.

Trying to find cost effective insurance is not the easiest thing to accomplish, and figuring out which insurers offer the best car insurance rates for nurses may require even more diligence. Coverage rates will more than likely be slightly cheaper than the average policy in Ohio, with the decrease attributed to the decrease in risk that comes with offering coverage for health professionals. Reasonably-priced insurance should be available from many insurance companies.

Each auto insurance company has a unique approach to set policy rates, so let’s take a look at the car insurance companies that tend to be cheaper in Ohio.

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Utica National quotes some of the most affordable car insurance rates in Ohio at around $654 per year. Erie, Allied, Travelers, and Frankenmuth also make the cut as some of the lowest-priced Ohio car insurance companies.

In the above example, if you are currently insured with Erie and switched to Utica National, you may see an annual premium reduction of about $13. Customers with Allied might save as much as $22 a year, and Travelers policyholders might see rate reductions of $51 a year.

These policy rates are averaged for all ages of drivers and types of vehicles and do not factor in a rate decrease for nurses. So the auto insurance company that can offer you the best price may not even be featured in the rate chart shown above. That is why you need to get rate quotes from many companies using your own specific driver and vehicle information.

When shopping for cheaper auto insurance for health professionals, one of the many components that auto insurance companies use when figuring insurance cost is the neighborhood you call home in Ohio. Regions with larger populations or more claims like Youngstown, Cincinnati, and Columbus tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims generally benefit from lower auto insurance rates.

The illustration below displays the most costly cities in Ohio for nurses in which to buy car insurance.

Premium amounts are comparative as the specific zip code location can revise insurance rates considerably.

The vehicle model that is being insured is one of the largest considerations that determines whether or not you can buy the most affordable coverage for nurses. Vehicles with more horsepower, a lack of advanced safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models.

The table below shows auto insurance premiums for a number of the most affordable automobiles to buy insurance for.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium costs do not factor in specific garaging location which can alter auto insurance rates substantially.

Looking at the data, you can conclude that makes and models like the Honda CR-V, Ford Escape, Chevrolet Traverse, and Jeep Wrangler should be a few of the most affordable vehicles to insure for health professionals.

Responsible drivers pay cheaper car insurance rates

The obvious way to maintain cheap car insurance prices for health professionals is to be an attentive driver and avoid getting tickets or having accidents. The diagram below highlights how speeding tickets and accident claims raise premium costs for different age groups. The rate quotes are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.

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The data above shows the average cost of car insurance per year with a clean driving record and no accidents is $741. Get written up for two speeding tickets and the average cost hikes up to $1,041, an increase of $300 each year. Then throw in one accident along with the two speeding tickets and the annual cost of car insurance for nurses goes up to an average of $1,346. That’s an increase of $605, or $50 per month, just for being a less-than-perfect driver!

Full coverage versus liability-only in Ohio

Finding cheap car insurance for nurses in Ohio is important to the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance is to not buy full coverage. The diagram below shows the difference between auto insurance costs with full phyical damage coverage and with liability coverage only. The rates are based on no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 2785,917],[‘Age 30’, 1451,507],[‘Age 40’, 1433,469],[‘Age 50’, 1303,441],[‘Age 60’, 1263,433],[‘Age 70’, 1537,577]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If all age groups are averaged, comp and collision coverage costs an additional $1,629 per year over and above liability coverage. At some point, almost every driver questions if paying for full coverage is a waste of money. There is no definitive formula to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement cost is $7,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $6,500 after paying your policy deductible. If premiums are more than $650 a year for full coverage, then you might want to consider buying only liability coverage.

There are a few cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Progressive, State Farm, Geico, or Allstate: Which is best?

If you are looking for the best auto insurance for health professionals in Ohio, four good companies to start with are Progressive, State Farm, Geico, and Allstate. The next table rates price, claims, and customer service ratings, as well as some optional coverages that are available for customers.