Want to save money and find cheaper auto insurance rates in Fairborn, OH? Paying more affordable premium rates for auto insurance is always kind of frustrating for people who are new to quoting coverage prices online. With so many insurance agents and insurance companies available, it can quickly become a real challenge to find better prices on auto insurance.
It's hard to fathom, but most auto insurance customers kept buying from the same company for more than four years, and just short of a majority have never quoted rates to find cheaper coverage. Ohio insurance shoppers could save themselves almost 55% a year by just comparing rate quotes, but they mistakenly think it's difficult to go online and compare rates.
Auto insurance companies offering cheap prices in Ohio
The companies shown below are ready to provide quotes in Fairborn, OH. If multiple companies are listed, we suggest you visit several of them in order to find the most competitive rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LT||$730||$365||$61|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$682||$341||$57|
|Dodge Ram Crew Cab Laramie 2WD||$782||$391||$65|
|Ford Escape XLT 4WD||$456||$228||$38|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$566||$283||$47|
|Ford Focus SEL 4-Dr Sedan||$544||$272||$45|
|Honda Accord EX 4-Dr Sedan||$646||$323||$54|
|Honda CR-V EX-L 2WD||$600||$300||$50|
|Honda Civic GX 4-Dr Sedan||$790||$395||$66|
|Hyundai Elantra GLS 4-Dr Sedan||$952||$476||$79|
|Nissan Altima 2.5 S 2-Dr Coupe||$816||$408||$68|
|Toyota Camry LE||$750||$375||$63|
|Toyota Corolla XLE||$944||$472||$79|
|Toyota RAV4 2WD||$602||$301||$50|
|Volkswagen Jetta SEL 4-Dr Sedan||$852||$426||$71|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in specific zip code location which can influence coverage rates considerably.
Cautious drivers save money
The illustration below highlights how speeding tickets and at-fault claims drive up Chevrolet Tahoe car insurance rates for different ages of insureds. The premiums assume a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
Cost comparison with and without full coverage
The illustration below shows the difference between Hyundai Sonata annual premium costs with full coverage and liability only. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, single male driver, and no other discounts are factored in.
Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop full coverage
There is no specific rule that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let's assume your Hyundai Sonata replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the policy deductible has been paid. If premium cost is more than $300 annually to have full coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Fairborn auto insurance discounts
Some providers do not advertise every policy discount in a way that's easy to find, so the below list has both the well known and also the lesser-known discounts that may be available.
- Own a Home - Owning a house in Fairborn may earn you a small savings because it means you have a higher level of financial diligence.
- No Claim Discounts - Claim-free drivers have much lower rates in comparison with drivers who are more careless.
- Accident Waiver - Not necessarily a discount, but companies like GEICO, Progressive, and Allstate will let one accident slide before hitting you with a surcharge with the catch being you have to be claim-free for a specific time period.
- Discount for Good Grades - Performing well in school could provide a savings of up to 20% or more. Earning this discount can benefit you up to age 25.
- Membership in Organizations - Being in a professional or civic organization may earn a discount when shopping for auto insurance.
- Driver's Ed - Make teen driver coverage more affordable by requiring them to enroll and complete driver's education as it will make them better drivers and lower rates.
- Early Payment Discounts - If you pay your bill all at once rather than paying in monthly installments you could save up to 5%.
Just know that most credits do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you aren't that lucky. But all discounts will reduce the amount you have to pay.
Insurance companies that may offer policyholders most of these discounts possibly include:
If you are trying to find the cheapest Fairborn car insurance quotes, ask every prospective company which discounts you may be entitled to. Some of the discounts discussed earlier might not be available to policyholders everywhere.
Fairborn car insurance costs are influenced by these factors
Lots of things are part of the calculation when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but some are not quite as obvious such as your credit history or how financially stable you are.
The items below are most of the major factors that factor into rates.
Maintain car insurance coverage - Driving your car without having proper coverage is a misdemeanor and companies may charge more for letting your coverage have a gap. In addition to paying higher rates, being ticketed for driving with no insurance will get you fines or a revoked license. You may have to submit proof of financial responsibility or a SR-22 with the Ohio motor vehicle department.
Certain jobs raise premiums - Did you know your car insurance rates can be affected by your occupation? Careers like military personnel, airline pilots, and stock brokers usually pay higher rates than the rest of us attributed to high stress and long work days. On the flip side, occupations like professors, historians and retirees pay the least.
Keep claims to a minimum - Car insurance companies in Ohio give lower rates to policyholders who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Your insurance policy is designed for claims that pose a financial burden.
How do annual miles impact prices? - Driving more miles each year the more it will cost to insure it. A lot of companies calculate rates based on how the vehicle is used. Autos used primarily for pleasure use receive lower rates compared to those used for work or business. It's a smart idea to ensure your car insurance policy correctly shows how each vehicle is driven, because it can save money.
Better prices on cars with good safety ratings - Vehicles with high crash test scores tend to have better insurance rates. Vehicles engineered for safety reduce occupant injuries and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates.
Rates impacted by your city - Having an address in smaller towns and rural areas of the country can be a good thing if you are looking for the lowest rates. Residents of big cities regularly have more road rage incidents and longer commutes to work. Fewer people translates into fewer accidents and a lower car theft rate.
Men pay higher rates - Over the last 30 years, statistics show females are less aggressive when driving. This data doesn't prove that women are better drivers. Both genders cause at-fault accidents in similar percentages, but the men get into accidents with more damage. Not only that, but men also get ticketed for serious violations like reckless driving and DUI. Teenage male drivers tend to get in the most accidents so they pay the highest premiums.
Having a spouse can lower premiums - Being married helps lower the price on your policy. Having a significant other demonstrates that you tend to be more financially stable and insurance companies like that drivers who are married file infrequent claims.
Can't I compare rates from local Fairborn insurance agents?
Many drivers just want to visit with an insurance agent and often times that is recommended The best thing about comparing rates online is that drivers can save money and get lower auto insurance rates and still have a local agent. Buying from and supporting neighborhood insurance agencies is especially important in Fairborn.
To help locate an agent, after submitting this simple form, your insurance data is sent to local insurance agents who will give you quotes and help you find cheaper coverage. There is no reason to search for any insurance agencies since rate quotes are delivered instantly to you. You can most likely find cheaper rates and an insurance agent to talk to. If you have a need to get a price quote from a specific insurance company, you just need to find their quoting web page to submit a rate quote request.
Deciding on an provider should depend on more than just the quoted price. The answers to these questions are important, too.
- Do they make recommendations based only on price?
- Are claim adjusters local or do you have to take your car somewhere else?
- Do they have a Better Business Bureau rating in Fairborn?
- Will the company cover a rental car if your car is getting fixed?
- Do they regularly work with personal auto policies in Fairborn?
- Do they get extra compensation for selling add-on coverages?
- How long has the business existed?
Don't give up on cheap coverage
When you buy Fairborn car insurance online, it's very important that you do not sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at a price you can afford and still be able to protect your assets.
In this article, we covered quite a bit of information on how to save on car insurance in Fairborn. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even find the lowest priced car insurance comes from the smaller companies.
People change insurance companies for many reasons like delays in paying claims, policy non-renewal, denial of a claim and an unsatisfactory settlement offer. It doesn't matter why you want to switch finding the right car insurance provider can be easier than you think.
For more information, link through to the following helpful articles:
- Senior Drivers (Insurance Information Institute)
- How Much is Auto Insurance for a Toyota Highlander in Ohio? (FAQ)
- How Much are Auto Insurance Quotes for Homeowners in Ohio? (FAQ)
- What is the Cheapest Car Insurance in Hamilton, Ohio? (FAQ)
- Who Has Cheap Ohio Car Insurance Quotes for Welfare Recipients? (FAQ)
- Who Has Affordable Auto Insurance for a Jeep Grand Cherokee in Ohio? (FAQ)
- Which Company has the Cheapest Auto Insurance in Toledo, Ohio? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Neck Injury FAQ (iihs.org)
- Bodily Injury Coverage (Liberty Mutual)