Have you had enough of scraping the payment together each month for auto insurance? You are in the same boat as many other Ohio consumers.
It's hard to fathom, but nearly 70% of customers kept buying from the same company for more than four years, and roughly 40% of drivers have never compared rate quotes at all. Broadview Heights drivers could cut their rates by approximately 55% a year by just comparing rate quotes, but they don't invest the time required to shop around.
Multiple car insurance companies compete for your business, so it can be very hard to choose a insurance company to find the lowest rate on auto insurance.
You should make it a habit to compare premium rates occasionally because rates are constantly changing. Even if you got the lowest rate on auto insurance a year ago you can probably find a lower rate today. You'll find a ton of advice on auto insurance out there, but in this article, you're going to get some great ideas on how to save money.
Compare free Broadview Heights car insurance quotes
Just keep in mind that comparing more prices increases your odds of finding a lower rate than you're paying now.
The providers in the list below provide quotes in Ohio. If multiple companies are shown, we recommend you compare several of them in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Crew Cab 4WD||$702||$351||$59|
|Chevrolet Impala LT||$528||$264||$44|
|Chevrolet Silverado Crew Cab Hybrid 4WD||$932||$466||$78|
|Dodge Grand Caravan CV||$646||$323||$54|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$1,060||$530||$88|
|Ford Escape XLT 4WD||$700||$350||$58|
|Ford F-150 FX2 2WD||$822||$411||$69|
|Ford Focus SE 2-Dr Coupe||$882||$441||$74|
|Honda Accord LX-S 2-Dr Coupe||$1,004||$502||$84|
|Honda CR-V LX 4WD||$536||$268||$45|
|Honda Civic SI 4-Dr Sedan||$762||$381||$64|
|Honda Odyssey EX-L||$618||$309||$52|
|Hyundai Elantra SE 4-Dr Sedan||$816||$408||$68|
|Jeep Grand Cherokee SRT-8 4WD||$818||$409||$68|
|Nissan Altima 3.5 SR 4-Dr Sedan||$746||$373||$62|
|Toyota Camry SE||$746||$373||$62|
|Toyota Corolla S||$964||$482||$80|
|Toyota RAV4 Limited 4WD||$598||$299||$50|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in vehicle garaging location which can impact premiums significantly.
Higher deductibles lower rates
When shopping for auto insurance, a common question is how high should the deductibles for physical damage be. The rates shown below illustrate the cost difference of buying low and high physical damage deductibles. The first table uses a $100 deductible for physical damage and the second price table uses a $1,000 deductible.
Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$170||$290||$192||$12||$58||$747||$62|
|Elantra Blue 4-Dr Sedan||$170||$416||$226||$14||$68||$919||$77|
|Elantra GLS 4-Dr Sedan||$196||$416||$226||$14||$68||$945||$79|
|Elantra SE 4-Dr Sedan||$196||$416||$226||$14||$68||$945||$79|
|Elantra SE Touring Station Wagon||$196||$352||$192||$12||$58||$835||$70|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$94||$152||$192||$12||$58||$508||$42|
|Elantra Blue 4-Dr Sedan||$94||$220||$226||$14||$68||$622||$52|
|Elantra GLS 4-Dr Sedan||$108||$220||$226||$14||$68||$636||$53|
|Elantra SE 4-Dr Sedan||$108||$220||$226||$14||$68||$636||$53|
|Elantra SE Touring Station Wagon||$108||$186||$192||$12||$58||$556||$46|
|Get a Quote for Your Vehicle Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in your specific Broadview Heights location which can raise or lower rates substantially.
We can derive from the above data that using a $100 deductible would cost the average driver about $24 more each month or $288 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 38 months between claims, you would more than likely save some money by selecting a higher deductible. The illustration below shows an example of how you can do this calculation yourself.
|Average monthly premium for $100 deductibles:||$73|
|Average monthly premium for $1,000 deductibles (subtract):||- $49|
|Monthly savings from raising deductible:||$24|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $24|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||38 months|
One important caveat is that raising deductibles to save money means you will have to pay more if you have a claim. You need to have a higher level of savings in the event you need to pay the higher deductible.
Tickets and at-fault accidents raise rates
The information below demonstrates how speeding tickets and at-fault fender-benders impact GMC Acadia insurance rates for each different age group. The premiums assume a single female driver, full coverage, $500 deductibles, and no other discounts are factored in.
GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.
Why you need quality insurance for your vehicle
Even though rates can get expensive, insurance serves several important purposes.
- The majority of states have mandatory insurance requirements which means you are required to carry 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 bought your vehicle with a loan, most banks will require you to have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the bank will be required to insure your vehicle for a much higher rate and force you to pay for the much more expensive policy.
- Insurance protects not only your vehicle but also your assets. Insurance will pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of your driving. If mother nature or an accident damages your car, your policy will pay to repair the damage minus the deductible amount.
The benefits of having insurance definitely exceed the cost, particularly if you ever have a claim. The average driver in Ohio overpays more than $825 a year so you should quote rates at every policy renewal to make sure the price is not too high.
Get affordable rates with these seven discounts
Car insurance is not an enjoyable expense, but you may be missing some discounts that can dramatically reduce your bill. Most are applied at the time of purchase, but some must be asked for before they will apply. If you check and find you aren't receiving every discount available, it's possible you qualify for a lower rate.
- Theft Deterrent - Vehicles that have factory anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
- Multi-line Discount - If the company offers life insurance, you could get a discounted car insurance rate on car insurance if you buy life insurance.
- Telematics Devices - People who choose to allow data collection to spy on where and when they drive by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they exhibit good driving behavior.
- Pay Now and Pay Less - If you pay your entire premium ahead of time instead of paying each month you may have a lower total premium amount.
- Government Employees - Having worked for a branch of the government may qualify for a discount when you quote Broadview Heights auto insurance depending on your company.
- Discount for Good Grades - Being a good student may save as much as 25% on a Broadview Heights auto insurance quote. Most companies allow this discount well after school through age 25.
- Fewer Miles Equal More Savings - Low annual miles could qualify for better prices on cars that stay parked.
You should keep in mind that some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, company stockholders wouldn't be very happy.
Insurance companies who may offer some of the discounts shown above include:
When getting a coverage quote, ask each company or agent which discounts can lower your rates. Some discounts listed above may not apply to policies in your state.
Independent versus exclusive insurance agencies
Certain consumers still prefer to buy from a local agent and that is just fine! A good thing about comparing rates online is the fact that drivers can get cheap rate quotes and also buy local.
To find an agent, once you fill out this form (opens in new window), your information is immediately sent to insurance agents in Broadview Heights who will give you quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to visit any agencies since price quotes are sent to you directly. You'll get the best rates without a big time investment. If you want to compare rates from a specific auto insurance provider, you can always navigate to their website and fill out the quote form the provide.
Finding a good provider should depend on more than just a cheap quote. These are some valid questions you should ask.
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- If independent agents, which companies do they recommend?
- What insurance company do they write the most business with?
- By raising physical damage deductibles, how much would you save?
- What will you get paid if your car is a total loss? How is that amount determined?
- Are they actively involved in the community?
- Did they already check your driving record and credit reports?
The type of car insurance agent you choose is important
When looking for a local agent, you need to know there are two different agency structures and how they can write your policy. Auto insurance agencies may be either exclusive or independent agents depending on their company appointments.
These agents generally can only insure with one company such as Farmers Insurance, Allstate, or State Farm. These agents are unable to compare other company's rates so keep that in mind. Exclusive agents are usually quite knowledgeable on sales techniques and that can be a competitive advantage.
These type of agents do not have single company limitations so as a result can place your coverage through many companies and help determine which has the cheapest rates. If premiums increase, an independent agent can move your coverage and you can keep the same agent. When comparing rate quotes, it's recommended you include rate quotes from a couple of independent agencies to maximize your price options.
Everyone needs different auto insurance coverages
When it comes to the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. You are unique.
These are some specific questions may help highlight whether you could use an agent's help.
- Should I sign the liability waiver when renting a car?
- Do I need replacement cost coverage?
- Is my cargo covered for damage or theft?
- How many claims can I have before being canceled?
- Am I covered if I crash into my own garage door?
- Is water damage covered by my policy?
- Should I pay a claim out-of-pocket?
- Why are teen drivers so expensive to add on to my policy?
- Can I still get insurance after a DUI?
- Is my babysitter covered when using my vehicle?
If you can't answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form.
Car insurance coverage basics
Having a good grasp of your policy can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring.
Protection from uninsured/underinsured drivers - This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your vehicle.
Since a lot of drivers have only the minimum liability required by law (Ohio limits are 25/50/25), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Collision coverages - This will pay to fix damage to your vehicle caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims like crashing into a building, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.
Comprehensive (Other than Collision) - This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things like vandalism, falling objects and rock chips in glass. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it's not worth much more than your deductible consider removing comprehensive coverage.
Medical expense insurance - Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like surgery, chiropractic care and dental work. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible
Liability insurance - This coverage provides protection from damage or injury you incur to a person or their property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which stand for $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability can pay for things like bail bonds, repair costs for stationary objects, loss of income, medical services and emergency aid. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford. Ohio state minimum liability requirements are 25/50/25 but you should think about purchasing more liability than the minimum.
Smart shoppers get results
We just showed you many tips how you can shop for insurance online. It's most important to understand that the more companies you get car insurance rates for, the higher your chance of finding low cost Broadview Heights auto insurance quotes. You may even discover the biggest savings come from a small mutual company.
People leave their current company for many reasons like denial of a claim, extreme rates for teen drivers, lack of trust in their agent and even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company is pretty easy and you might even save some money in the process.
Lower-priced insurance in Broadview Heights is attainable from both online companies as well as from insurance agents, so you should compare both to have the best selection. Some insurance companies may not have price quotes online and most of the time these smaller companies provide coverage only through local independent agents.
To read more, link through to the following helpful articles:
- Safety Tips for Teen Drivers (Insurance Information Institute)
- How Much is Ohio Auto Insurance for Teachers? (FAQ)
- Who Has the Cheapest Auto Insurance for a Nissan Sentra in Ohio? (FAQ)
- Who Has Affordable Car Insurance Quotes for Low Mileage Drivers in Ohio? (FAQ)
- What Auto Insurance is Cheapest for a Nissan Altima in Ohio? (FAQ)
- What is the Best Auto Insurance in Lorain, Ohio? (FAQ)
- What Insurance is Cheapest for High Risk Drivers in Ohio? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Keeping Children Safe in Crashes Video (iihs.org)