How long has it been since you compared more competitive auto insurance rates in Tiffin, OH? Purchasing the lowest price quotes over the internet can be somewhat difficult for people that are relatively new to comparing and buying auto insurance online. With so many insurance companies available, how can anyone even start to compare each option to find the cheapest price possible?
It's astonishing, but most auto insurance buyers have been with the same company for well over three years, and nearly half have never compared auto insurance rates at all. With the average auto insurance premium being $1,340, Tiffin drivers can cut their rates by nearly 55% a year just by getting comparison quotes, but they don't believe the amount of savings they would get if they switched to a cheaper policy.
Buying the cheapest auto insurance in Tiffin is actually quite easy if you know where to start. Basically, every driver who needs more affordable auto insurance will find lower prices. Nevertheless, Ohio car owners need to learn the methods companies use to determine premium rates and use this information to your advantage.
When looking for affordable Tiffin car insurance quotes, there are a couple ways to get quotes from many auto insurance companies in Ohio. The fastest way to find cheaper rates is to use the internet to compare rates. Keep in mind that comparing more rates from different companies will increase your chances of finding the best offered rates.
The companies shown below have been selected to offer free quotes in Ohio. If several companies are displayed, we suggest you compare several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LT||$780||$390||$65|
|Chevrolet Silverado LT Regular Cab||$820||$410||$68|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$802||$401||$67|
|Ford Edge Sport 2WD||$828||$414||$69|
|Ford Escape Limited 2WD||$654||$327||$55|
|Ford F-150 Lariat Super Cab 2WD||$730||$365||$61|
|Ford Focus SEL 4-Dr Sedan||$690||$345||$58|
|Honda Accord EX 4-Dr Sedan||$682||$341||$57|
|Honda CR-V LX 4WD||$760||$380||$63|
|Honda Civic VP 4-Dr Sedan||$840||$420||$70|
|Hyundai Elantra SE Touring Station Wagon||$554||$277||$46|
|Hyundai Sonata GLS 4-Dr Sedan||$710||$355||$59|
|Jeep Grand Cherokee SRT-8 4WD||$648||$324||$54|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$860||$430||$72|
|Kia Optima SX||$788||$394||$66|
|Nissan Altima Hybrid 4-Dr Sedan||$566||$283||$47|
|Nissan Rogue S AWD||$636||$318||$53|
|Toyota Camry Hybrid||$900||$450||$75|
|Toyota Corolla XRS||$668||$334||$56|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Prices do not factor in your specific Tiffin location which can affect price quotes greatly.
How much more does full coverage cost?
The example below illustrates the comparison of Chevrolet Malibu annual premium costs with full coverage and liability only. The information is based on no claims or violations, $500 deductibles, married male driver, and no discounts are factored in.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
Are you wasting money on full coverage?
There isn't a steadfast formula of when to exclude physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's pretend your Chevrolet Malibu book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying your policy deductible. If you are paying more than $700 a year for physical damage coverage, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.
Should you pay for full coverage?
There is no clear-cut formula of when to phase out full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's assume your Chevrolet Cruze replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Impact of speeding/accidents on Tiffin car insurance rates
The diagram below highlights how traffic violations and at-fault collisions can raise Nissan Altima yearly insurance costs for different age groups of insureds. Data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Car insurance rates based on gender
The diagram below illustrates the difference between car insurance costs for male and female drivers in Tiffin. The premium estimates are based on no claims or driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no policy discounts are applied on a Ford Focus S.
Ford Focus rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Choosing vehicle insurance is an important decision
Despite the high cost, maintaining insurance is required in Ohio but it also protects you in many ways.
- The majority of states have minimum liability requirements which means you are required to buy specific minimum amounts of liability insurance in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your vehicle, it's most likely the lender will stipulate that you have full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may insure your vehicle at a much higher premium rate and force you to pay a much higher amount than you were paying before.
- Insurance safeguards your vehicle and your assets. It will also provide coverage for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If mother nature or an accident damages your car, your policy will pay to have it repaired.
The benefits of having insurance more than offset the price you pay, especially for larger claims. The average driver in America is overpaying more than $830 a year so compare quotes from several companies each time the policy renews to make sure the price is not too high.
Discounts can help lower rates on auto insurance
Not too many consumers would say auto insurance is affordable, but you might already qualify for some discounts to help bring down the price. Many of these discounts will be applied automatically when you get a quote, but less common discounts must be requested specifically before you will receive the discount. If they aren't giving you every credit available, you are just wasting money.
- Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to fasten their seat belts can save 10% or more on the medical payments or PIP coverage costs.
- Lower Rates for Military - Being on active duty in the military could trigger a small discount.
- Telematics Devices - Tiffin drivers who agree to allow companies to scrutinize driving habits remotely such as Progressive's Snapshot and State Farm's In-Drive may see discounts as long as the data is positive.
- Claim Free - Tiffin drivers who stay claim-free are rewarded with significantly better rates on Tiffin car insurance quote as opposed to frequent claim filers.
- No Charge for an Accident - Not a discount per se, but a handful of insurance companies may permit one accident without raising rates if you are claim-free for a particular time prior to the accident.
- Good Grades Discount - Performing well in school could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
- Drivers Education - Require your teen driver to enroll and complete driver's education in high school.
- Save over 55 - Older drivers can get a slight reduction on a Tiffin car insurance quote.
Don't be shocked that most credits do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, nobody gets a free ride.
If you would like to see a list of insurers who offer cheap auto insurance quotes in Tiffin in Ohio, click here to view.
In the end, you can save money
As you quote Tiffin car insurance, it's not a good idea to skimp on critical coverages to save a buck or two. In too many instances, an accident victim reduced liability coverage limits to discover at claim time that it was a big mistake. The goal is to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.
Insureds leave their current company for any number of reasons including denial of a claim, policy non-renewal, delays in paying claims or even lack of trust in their agent. It doesn't matter why you want to switch finding a new car insurance company is pretty easy and you might even save some money in the process.
Lower-priced car insurance in Tiffin can be found from both online companies and from local agencies, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who may not have online price quotes and usually these smaller providers only sell coverage through independent agencies.
- Coverage Information (Progressive Insurance)
- What is the Best Car Insurance in Youngstown, Ohio? (FAQ)
- Who Has the Cheapest Auto Insurance for Lyft Drivers in Ohio? (FAQ)
- How Much is Ohio Car Insurance for a Kia Forte? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Good Credit in Ohio? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Credit and Insurance Scores (Insurance Information Institute)
- Information for Teen Drivers (GEICO)