Have you fallen victim to an underperforming, overpriced insurance policy? Believe me when I say there are many Hamilton consumers feeling the pinch from expensive insurance.

A study showed that a large majority of consumers have purchased from the same company for over three years, and almost half have never even compared quotes to find lower-cost rates. With the average premium in the U.S. being $1,847, drivers could save an average of roughly 47% each year by just comparing rate quotes, but they just don't want to find lower-cost rates by getting comparison quotes. Big-name insurance companies like Allstate, Progressive and GEICO all promote huge savings with ad campaigns and consumers find it hard to see past the corporate glitz and find the best price available.

It is always a good idea to get comparison quotes as often as possible because insurance prices change frequently. If you had the best price on insurance a couple years back a different company probably has better rate quotes today. Forget all the misinformation about insurance because you're about to learn the only way to find great coverage at a great price.

The companies in the list below are our best choices to provide free quotes in Ohio. If the list has multiple companies, we recommend you get prices from several of them in order to get a fair rate comparison.

Insurance Costs for Popular Vehicles in Hamilton
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $456 $228 $38
Chevrolet Silverado LS Extended Cab 4WD $688 $344 $57
Dodge Grand Caravan SE $846 $423 $71
Dodge Ram Quad Cab TRX4 Off Road 2WD $954 $477 $80
Ford Escape XLS 4WD $646 $323 $54
Ford F-150 Lariat Crew Cab 4WD $688 $344 $57
Ford Focus SES 4-Dr Sedan $822 $411 $69
Ford Fusion SE 4-Dr Sedan $744 $372 $62
Honda Accord EX 4-Dr Sedan $758 $379 $63
Honda CR-V EX-L 2WD $548 $274 $46
Honda Civic Hybrid 4-Dr Sedan $748 $374 $62
Honda Odyssey EX-L W/Navigation $832 $416 $69
Kia Optima EX $890 $445 $74
Nissan Altima 3.5 SR 4-Dr Sedan $632 $316 $53
Toyota Camry XLE $722 $361 $60
Toyota Corolla XRS $644 $322 $54
Toyota Tacoma Double Cab 4WD $868 $434 $72
Volkswagen Jetta SEL 4-Dr Sedan $730 $365 $61
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium costs do not factor in your specific Hamilton location which can change auto insurance rates noticeably.

Analysis of deductible levels

The illustration below demonstrates how choosing different deductibles and can raise or lower Chevrolet Malibu insurance prices for each age group. The information is based on a single female driver, full physical damage coverage, and no discounts are applied.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

Poor driving habits will raise your auto insurance rates

The diagram below shows how speeding tickets and at-fault accidents can influence Honda Accord car insurance costs for different age groups. The data is based on a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Physical damage deductible comparison

One common question asked by Hamilton drivers is where to set your physical damage deductibles. The rates below highlight the rate differences when you buy lower versus higher policy deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

Chevrolet Malibu insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $196 $352 $226 $14 $68 $881 $73
Malibu Hybrid $196 $352 $226 $14 $68 $881 $73
Malibu LT $220 $352 $226 $14 $68 $905 $75
Malibu LTZ $220 $416 $226 $14 $68 $969 $81
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Chevrolet Malibu insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $108 $186 $226 $14 $68 $602 $50
Malibu Hybrid $108 $186 $226 $14 $68 $602 $50
Malibu LT $122 $186 $226 $14 $68 $616 $51
Malibu LTZ $122 $220 $226 $14 $68 $650 $54
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in specific location which can modify premium rates noticeably.

Using the data above, we can ascertain that using a $100 deductible costs roughly $25 more each month or $300 a year than quoting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 36 months between claims, you would probably come out ahead if you choose the higher deductible. Here is an example of how you can make your own decision.

Average monthly premium for $100 deductibles: $76
Average monthly premium for $1,000 deductibles (subtract): - $51
Monthly savings from raising deductible: $25
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a physical damage claim. That will necessitate some extra savings in the event you have to pay the deductible to have repairs made.

Choosing the best vehicle insurance in Ohio is an important decision

Despite the high cost of buying insurance in Hamilton, maintaining insurance serves several important purposes.

First, almost all states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection in order to license the vehicle. 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.

Second, if your car has a lienholder, it's guaranteed your bank will stipulate that you have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your vehicle for a lot more money and force you to reimburse them for the expensive policy.

Third, insurance safeguards both your vehicle and your personal assets. It also can pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If you have damage to your vehicle as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance greatly outweigh the cost, especially with large liability claims. Despite what companies tell you, the average driver is currently overpaying as much as $850 per year so compare rate quotes every year to ensure rates are inline.

Five tips to get lower Hamilton auto insurance rates

Many things are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but other factors are less apparent like your continuous coverage or how financially stable you are. One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that come into play when calculating auto insurance rates. If you know what determines premiums, this allows you to make educated decisions that can help you get much lower annual insurance costs.

The itemized list below are a few of the "ingredients" used by insurance companies to determine your prices.

Don't cut corners with liability - The liability section of your policy will provide protection in the event that a jury decides you are liable for personal injury or accident damage. It provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not skimp.

Poor credit decisions can cost you - An insured's credit score will be a significant factor in determining what you pay. Drivers who have excellent credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores. If your credit score can use some improvement, you could pay less to insure your vehicle if you clean up your credit.

Lower rates for married couples - Having a spouse helps lower the price on your policy. Marriage demonstrates that you tend to be more stable financially and statistics show being married results in fewer claims.

Can a thief steal your car? - Driving a car with advanced anti-theft systems can help lower your premiums. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft and help bring rates down.

Pay more by driving carelessly - Your driving citation history impacts premiums far more than you think. Attentive drivers get better prices compared to drivers with tickets. Even one chargeable violation could increase your next policy renewal by twenty percent. Drivers who get serious violations like DUI, reckless driving or excessive speeding may find they need to maintain a SR-22 with their state's department of motor vehicles in order to continue driving.

Earn discounts on Hamilton insurance

Insurance can cost an arm and a leg, but you may find discounts that you may not even be aware of. Some of these discounts will be visible when you complete an application, but a few must be specifically requested in order for you to get them.Cheaper insurance with discounts

It's important to understand that some of the credits will not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think you can get free auto insurance, you aren't that lucky.

The best insurance companies and some of their more popular discounts are outlined below.

Before buying, ask each insurance company what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in Hamilton. To find companies that can offer you the previously mentioned discounts in Ohio, click here to view.

Tailor your insurance coverage to you

When it comes to choosing coverage for your vehicles, there really isn't a one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs.Higher deductibles save money

Here are some questions about coverages that might point out whether you might need professional guidance.

If you're not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form. It's fast, free and can help protect your family.

Auto insurance claims by make and model

What are the chances of a claim? The following claim statistics show the highest and lowest vehicle models for the probability of having large claims for each type of coverage listed.

Bodily Injury Liability Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Mercedes-Benz SL Class Chevrolet Sonic
Volvo XC60 Kia Optima
Audi A6 Chevrolet Cruze
Subaru Outback Mitsubishi Mirage
Subaru Forester Kia Rio
Fiat 500 Dodge Charger

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car Insurance Medical Payment Claims by Vehicle
Lowest Claims Highest Claims
Ford F-350 SuperCrew Mitsubishi Mirage
Audi A4 Allroad Nissan Versa
Land Rover Range Rover Sport Chevrolet Sonic
Tesla Model S Chrysler 200
Ford F-250 SuperCrew Kia Forte
Chevrolet Corvette Dodge Charger

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Comprehensive Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Chevy Silverado 2500 BMW M6
Nissan Xterra Audi S7
Chevy Spark Bentley Continental GT
Nissan Leaf Maserati Granturismo
Infiniti QX50 Maserati Quattroporte
GMC Sierra 2500 BMW M6

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Collision Coverage Claims by Vehicle
Lowest Claims Highest Claims
GMC Canyon Nissan GT-R
Chevrolet Colorado Bently Continental GT
Nissan Xterra Bently Continental GTC
Ford F-150 SuperCrew BMW M6
Ford F-250 SuperCab Maserati Ghibli
Jeep Wrangler Audi RS7

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Don't give up on affordable rates

We just presented some good ideas how to find cheaper coverage online. The key concept to understand is the more quotes you get, the better your comparison will be. You may even discover the lowest premium rates come from the smaller companies.

People who switch companies do it for a variety of reasons including not issuing a premium refund, an unsatisfactory settlement offer, policy non-renewal or even lack of trust in their agent. It doesn't matter why you want to switch choosing a new insurance company is less work than it seems.

Discount insurance in Hamilton can be found both online and from local insurance agents, so you need to shop Hamilton auto insurance with both so you have a total pricing picture. There are still a few companies who do not provide internet price quotes and usually these regional carriers only sell coverage through local independent agencies.

More tips and info about insurance is available by following these links: