No car owner gets a kick out of paying for auto insurance, especially knowing their premiums are through the roof.

Unbelievably, a large majority of auto insurance policyholders have remained with the same auto insurance company for over three years, and 38% of drivers have never even shopped around for lower-cost coverage. Ohio drivers could save an average of as much as 55% each year just by comparing rates, but most just don't grasp the amount of savings they would get if they just switched companies.

Consumers have many insurers to buy insurance from, and although it's a good thing to have a selection, so many choices can make it hard to find the lowest rates.

It's smart to do price comparisons before your next renewal because rates trend upward over time. Even if you got the lowest rate on auto insurance on your last policy there is a good chance you can find better prices now. Block out anything you think you know about auto insurance because you're going to get a crash course in one of the easiest ways to lower your annual insurance bill.

Do you qualify for discounts?

Car insurance companies don't always publicize all discounts very well, so we took the time to find some of the more common and the more hidden discounts you could be receiving when you buy Elyria auto insurance online.Discount insurance

A quick disclaimer, most discount credits are not given to your bottom line cost. Most only apply to specific coverage prices like comp or med pay. So when it seems like you would end up receiving a 100% discount, you aren't that lucky.

A few of the larger companies and their possible discounts are outlined below.

If you are trying to find inexpensive Elyria auto insurance quotes, ask each company or agent which discounts you qualify for. All car insurance discounts might not apply in Elyria. To locate providers with discount rates in Elyria, click this link.

When looking for cheaper Elyria auto insurance quotes, there are a couple ways to compare rate quotes from different Elyria insurance companies. The recommended way to lower the rate you pay for insurance involves getting comparison quotes online.

It's so simple to compare car insurance rates online takes the place of having to drive around to insurance agents' offices. The ability to buy insurance online makes this unnecessary unless you prefer the professional abilities that only a licensed agent can provide. It is possible with some companies price shop online but have your policy serviced through an agent. When comparison shopping, comparing a large number of companies increases the chance that you will find the best offered rates. Some smaller insurers do not give online quotes, so it's important to compare price quotes from those companies as well.

The companies shown below are ready to provide price comparisons in Elyria, OH. If multiple companies are shown, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.

Insurance Rate Estimates for Popular Vehicles in Elyria
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $876 $438 $73
Chevrolet Impala LTZ $840 $420 $70
Chevrolet Silverado LS Crew Cab 4WD $822 $411 $69
Dodge Ram Quad Cab Laramie 2WD $786 $393 $66
Ford Edge Sport AWD $920 $460 $77
Ford Escape XLT 2WD $666 $333 $56
Ford F-150 STX Super Cab 2WD $718 $359 $60
Ford Focus S 4-Dr Sedan $882 $441 $74
Honda Accord EX-L 2-Dr Coupe $674 $337 $56
Honda CR-V EX-L 4WD $466 $233 $39
Honda Civic SI 2-Dr Coupe $910 $455 $76
Hyundai Elantra SE Touring Station Wagon $702 $351 $59
Hyundai Sonata Limited 4-Dr Sedan $784 $392 $65
Nissan Altima 3.5 SR 2-Dr Coupe $828 $414 $69
Toyota Camry XLE $636 $318 $53
Toyota Corolla S $556 $278 $46
Toyota RAV4 2WD $904 $452 $75
Volkswagen Jetta SE 4-Dr Sedan $776 $388 $65
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rates do not factor in specific location which can increase or decrease auto insurance rates significantly.

Cautious drivers save money

The example below highlights how traffic violations and fender-benders influence Ford Focus annual premium costs for different age groups. The premiums assume a married male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The premium rates below lay out the differences in premium rates of buying low and high comp and collision deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Corolla insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $196 $416 $226 $14 $68 $945 $79
Corolla S $196 $416 $226 $14 $68 $945 $79
Corolla XLE $196 $416 $226 $14 $68 $945 $79
Corolla XRS $220 $416 $226 $14 $68 $969 $81
Get a Quote for Your Vehicle Go
Toyota Corolla insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $108 $220 $226 $14 $68 $636 $53
Corolla S $108 $220 $226 $14 $68 $636 $53
Corolla XLE $108 $220 $226 $14 $68 $636 $53
Corolla XRS $122 $220 $226 $14 $68 $650 $54
Get a Quote for Your Vehicle Go

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, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in specific location information which can affect premiums greatly.

We can estimate from the data above that using a $100 deductible would cost the average driver about $27 more each month or $324 each year than buying the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 33 months between claim filings, you would most likely save money if you choose the higher deductible. The illustration below shows an example of how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): - $53
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

Don't assume everyone needs the same insurance coverage

When buying your policy, there really isn't a one-size-fits-all type of policy. Your financial needs are unique and your policy should reflect that.Higher deductibles save money For example, these questions can help discover whether you will benefit from professional help.

If you can't answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Smart shoppers get results

You just read a lot of techniques to find cheaper coverage online. The key concept to understand is the more times you quote, the better your comparison will be. Consumers may even find the lowest auto insurance rates come from a small mutual company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Some insurance companies don't offer rates over the internet and usually these smaller providers only sell coverage through independent insurance agents. The cheapest car insurance in Elyria can be found both online in addition to many Elyria insurance agents, and you should be comparing both so you have a total pricing picture.

While you're price shopping online, don't be tempted to reduce coverage to reduce premium. There have been many situations where consumers will sacrifice full coverage and discovered at claim time that the small savings ended up costing them much more. The goal is to buy the best coverage you can find at a price you can afford, but don't skip important coverages to save money.

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