Are you at wits end from not being able to scrape enough together to buy auto insurance? You have the same problem as millions of other consumers.
Unbelievable but true according to a study over 70% of consumers have bought auto insurance from the same company for well over three years, and approximately 40% of consumers have never even compared rates from other companies. Drivers in Springfield can cut their rates by about 55% a year by just shopping around, but most just don't grasp how much money they would save if they changed companies.
Because you have many companies and agents to choose from, it is very difficult to choose the cheapest company.
Locating the best insurance company for you in Springfield is really not that difficult. In a nutshell, everyone who shops around for insurance most likely will buy a cheaper policy. Nevertheless, Ohio car owners need to learn how companies calculate your policy premium because rates are impacted by many factors.
The are a couple different ways to obtain and compare prices from many different Ohio insurance companies. By far the easiest way to do a complete rate comparison is to use the internet to compare rates.
It's so fast and easy to compare rate quotes online that it takes the place of having to actually drive to all the different Springfield insurance agencies. Comparing car insurance rates online has reduced the need for local agents unless you prefer the personal advice of a local Springfield agent. Drivers can price shop online and have a local Springfield agent actually service the policy.
When price shopping your coverage, obtaining a wide range of quotes increases the chance that you will find a better price. Some companies don't provide price estimates online, so it's important to also get price estimates from the smaller companies as well.
The providers in the list below are ready to provide quotes in Springfield, OH. If several companies are displayed, we suggest you visit as many as you can 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 2WD||$754||$377||$63|
|Chevrolet Equinox LT 2WD||$602||$301||$50|
|Chevrolet Silverado LT Extended Cab 2WD||$576||$288||$48|
|Dodge Ram Quad Cab Sport 4WD||$838||$419||$70|
|Ford Escape XLS 4WD||$822||$411||$69|
|Ford F-150 FX4 4WD||$636||$318||$53|
|Ford Focus SEL 4-Dr Sedan||$816||$408||$68|
|Ford Fusion SEL AWD 4-Dr Sedan||$878||$439||$73|
|Honda Accord EX-L 4-Dr Sedan||$702||$351||$59|
|Honda CR-V LX 4WD||$656||$328||$55|
|Honda Civic EX 4-Dr Sedan||$690||$345||$58|
|Honda Odyssey LX||$588||$294||$49|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$782||$391||$65|
|Nissan Altima 3.5 SR 4-Dr Sedan||$738||$369||$62|
|Nissan Rogue SL 2WD||$710||$355||$59|
|Toyota Camry XLE||$1,038||$519||$87|
|Toyota Corolla XLE||$846||$423||$71|
|Toyota RAV4 Sport 2WD||$602||$301||$50|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rates do not factor in the specific area where the vehicle is garaged which can change insurance rates greatly.
The diagram below demonstrates how deductibles and can impact Ford Focus insurance premiums for different age groups. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.
How much more does full coverage cost?
The illustration below shows the difference between Honda Civic car insurance rates with and without physical damage coverage. The price estimates are based on no violations or accidents, $1,000 deductibles, single female driver, and no other discounts are factored in.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop comp and collision
There is no definitive guideline to delete full coverage, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let's assume your Honda Civic settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after you pay the deductible. If you are paying more than $200 annually for full coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Reduce your auto insurance rates with discounts
Auto insurance is easily one of your largest bills, but you might be missing out on some discounts that may help make it more affordable. Larger premium reductions will be automatically applied at the time of purchase, but occasionally some discounts must be specially asked for prior to receiving the credit.
- Payment Method - By making one initial payment as opposed to paying monthly you may reduce your total bill.
- Early Renewal Discounts - Some insurance companies provide a discount for signing up before your current coverage expires. It could save around 10% when you buy Springfield car insurance online.
- Multiple Policy Discount - When you have multiple policies and place coverage with the same company you could get a discount of at least 10 to 15 percent or more.
- Anti-lock Brake Discount - Cars and trucks equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
- Passive Restraints and Air Bags - Factory air bags may qualify for discounts of 20 to 30 percent.
- Driver Education Discount - Teen drivers should enroll in driver's education if it's offered in school.
It's important to understand that many deductions do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you could get a free auto insurance policy, you aren't that lucky.
To see auto insurance companies who offer discounts in Ohio, click this link.
Make good decisions and reduce your rates
Many different elements are used in the calculation when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, although others are not as apparent like your vehicle usage or your vehicle rating.
Lower coverage deductibles cost more - Protection for physical damage, also known as collision and other-than-collision, protects your car from damage. Some examples of claims that would be covered would be collision with another vehicle, hitting a deer, and rolling your vehicle. Deductibles for physical damage state the amount of money you are willing to pay before your insurance pays a claim. The more expense the insured has to pay upfront, the lower your rates will be.
Theft deterrents lowers rates - Selecting a car model with a theft deterrent system can save you a little every year. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping auto theft.
Continuous coverage saves money - Driving without insurance is not a good idea and as a result your rates will increase for letting your insurance lapse. Not only will rates go up, not being able to provide proof of insurance could earn you a fine, jail time, or a revoked license. You may need to file a SR-22 with the Ohio DMV.
Rates can be impacted by your occupation - Did you know your job can affect your rates? Occupational choices like judges, social workers and miners are shown to have higher rates than average due to stressful work requirements and lots of time spent away from family. On the other hand, occupations like professors, athletes and homemakers pay lower than average rates.
Men drivers tend to cost more - Over time, data shows women tend to be less risk to insure than men. The data does not necessarily mean that females are better drivers. Both sexes have at-fault accidents at about the same rate, but guys have accidents that have higher claims. They also have more aggressive citations like reckless driving and DUI.
Quote more to save more
As you prepare to switch companies, it's not a good idea to buy less coverage just to save a little money. There have been many situations where an insured dropped liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at the best cost, but do not skimp to save money.
We've covered a lot of tips how to reduce car insurance rates online in Springfield. The key thing to remember is the more companies you get auto insurance rates for, the higher your chance of finding affordable Springfield car insurance quotes. Consumers may even find the best rates are with the least-expected company. Some small companies may only write in your state and offer lower auto insurance rates than their larger competitors like Progressive and GEICO.
Lower-priced car insurance in Springfield is definitely available online and from local agencies, so you need to shop Springfield car insurance with both to have the best chance of lowering rates. Some car insurance companies may not have rates over the internet and most of the time these small, regional companies provide coverage only through local independent agents.
Even more information is available in the articles below:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- What Insurance is Cheapest for a Honda Civic in Ohio? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Hyundai Santa Fe in Ohio? (FAQ)
- Who Has Affordable Auto Insurance for Real Estate Agents in Ohio? (FAQ)
- Who Has Cheap Car Insurance for Seniors in Ohio? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Good Credit in Ohio? (FAQ)
- Who Has Cheap Auto Insurance for Drivers Over Age 70 in Ohio? (FAQ)
- What is the Best Auto Insurance in Strongsville, Ohio? (FAQ)
- Who Has Affordable Car Insurance Rates for a Mazda CX-7 in Ohio? (FAQ)
- Who Has Affordable Ohio Auto Insurance for Drivers Over Age 50? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)
- Side Impact Crash Tests (iihs.org)