No one looks forward to paying premiums for insurance, especially knowing they could get a better deal.
A recent study showed that a large majority of drivers have remained with the same insurance company for four years or more, and virtually 40% of consumers have never even compared rates from other companies. Most drivers in Ohio could save an average of nearly $729 each year, but they don't know the big savings they would realize if they switched to a more affordable policy. Due to the abundance of insurance companies to choose from, it's difficult to pick the cheapest insurer.
You should take the time to compare premium rates every six months because prices are usually higher with each renewal. Just because you found the lowest quotes on insurance a few years ago a different company probably has better rates today. You'll find a ton of advice on insurance on the web, but in a few minutes you can learn some solid techniques on how to quit paying high insurance rates in Mansfield.
Locating the best rates in Mansfield is easy if you know what you're doing. If you have a current insurance policy or need a new policy, follow these tips to buy cheaper insurance while maintaining coverages. Smart buyers just need to use the quickest method to buy insurance online.
Low-cost companies for Mansfield car insurance
The companies in the list below offer comparison quotes in Mansfield, OH. If the list has multiple companies, we recommend you click on several of them to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LT Extended Cab 4WD||$900||$450||$75|
|Dodge Ram Crew Cab TRX 2WD||$868||$434||$72|
|Ford Escape XLT 4WD||$654||$327||$55|
|Ford F-150 SVT Raptor Super Cab 4WD||$616||$308||$51|
|Ford Focus SES 2-Dr Coupe||$604||$302||$50|
|Ford Fusion Hybrid 4-Dr Sedan||$904||$452||$75|
|Honda Accord EX 4-Dr Sedan||$572||$286||$48|
|Honda CR-V LX 2WD||$566||$283||$47|
|Honda Civic SI 4-Dr Sedan||$666||$333||$56|
|Honda Odyssey EX||$882||$441||$74|
|Nissan Altima Hybrid 4-Dr Sedan||$644||$322||$54|
|Toyota Camry XLE||$1,038||$519||$87|
|Toyota Corolla XLE||$636||$318||$53|
|Toyota RAV4 Sport 4WD||$868||$434||$72|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 40, 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. Rate information does not factor in vehicle garaging location which can decrease or increase coverage prices significantly.
Should you buy full coverage?
The information below visualizes the comparison of Chevrolet Silverado insurance costs with full coverage and liability only. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, single female driver, and no policy discounts are applied.
Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you be buying full coverage?
There is no clear-cut formula to drop comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Chevrolet Silverado replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying your policy deductible. If it's costing in excess of $200 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are a few cases where dropping full coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Reckless driving habits raise Mansfield auto insurance rates
The information below demonstrates how speeding tickets and at-fault accidents increase Chevrolet Malibu insurance costs for different categories of driver ages. The premiums assume a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
Take advantage of these discounts on car insurance
Some insurers don't always list all discounts in an easy-to-find place, so the next list breaks down a few of the more common and the harder-to-find credits that may apply to you.
- Use Seat Belts - Drivers who always wear seat belts and also require passengers to use their safety belts may be able to save a few bucks off the personal injury premium cost.
- Buy New and Save - Buying a new car instead of a used car can get you a discount due to better safety requirements for new vehicles.
- Smart Student Discounts - Excelling in school can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
- Drive Less and Save - Low mileage vehicles may enable drivers to earn lower car insurance rates on the low mileage vehicles.
- Distant College Student Discount - Children who are attending college and don't have a car may be able to be covered for less.
- Claim-Free Discount - Insureds with no claims or accidents pay less as opposed to frequent claim filers.
- Save with More Vehicles Insured - Purchasing coverage when you have multiple cars on one policy could earn a price break for each car.
- Passive Restraints - Options like air bags or motorized seat belts can receive discounts of up to 25% or more.
- Federal Employees - Simply working for the federal government can save as much as 8% but check with your company.
A little disclaimer on discounts, many deductions do not apply to the whole policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like you could get a free car insurance policy, nobody gets a free ride. But any discount should help lower the amount you pay for coverage.
A list of car insurance companies and some of the premium reductions they offer are shown below.
- State Farm includes discounts for multiple autos, good student, accident-free, multiple policy, passive restraint, and student away at school.
- Nationwide may offer discounts for accident-free, family plan, anti-theft, business or organization, and Farm Bureau membership.
- GEICO policyholders can earn discounts including military active duty, driver training, seat belt use, anti-lock brakes, anti-theft, and five-year accident-free.
- AAA has discounts for AAA membership discount, multi-car, good student, pay-in-full, multi-policy, and anti-theft.
- 21st Century may include discounts for homeowners, air bags, driver training, student driver, and automatic seat belts.
- The Hartford offers discounts including bundle, good student, driver training, air bag, vehicle fuel type, and defensive driver.
When quoting, ask every prospective company to give you their best rates. Depending on the company, some discounts may not apply in your state.
Learn how to buy car insurance cheaper
Lots of factors are part of the calculation when quoting car insurance. Some factors are common sense like your driving record, although others are less apparent like your continuous coverage or how financially stable you are. When buying car insurance it's important to understand the factors that help determine the level of your policy premiums. If you know what positively or negatively impacts your premiums, this enables informed choices that could result in cheaper rates.
The factors shown below are some of the items used by companies to determine your prices.
Rural vs Urban Areas - Living in a rural area can be a good thing when trying to find low car insurance rates. Less people means less chance of accidents as well as less vandalism and auto theft. Drivers in populated Ohio areas have more traffic problems and more time behind the wheel. Longer commute distances means more chances of being involved in an auto accident.
Insurance premiums and vehicle performance - The make and model of the car or truck you need to insure makes a substantial difference in your car insurance bill. Smaller low performance passenger cars usually have the lowest rates, but other factors influence the final cost greatly.
Claim-free discounts can add up - Auto insurance companies in Ohio give the best rates to drivers who file claims infrequently. If you file claims often, you can look forward to either higher rates or even cancellation. Auto insurance is intended for more catastrophic claims.
Add-on coverages you don't need - Policies have additional extra coverages that can waste your money but may not be useful. Things like vanishing deductibles, accidental death, and term life insurance may be wasting your money. The coverages may be enticing when deciding what coverages you need, but if you have no use for them eliminate the coverages to reduce your premium.
Gender as a rate factor - The statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Men and women are in accidents at about the same rate, but the male of the species have costlier accidents. Men also statistically get ticketed for serious violations like DWI (DUI) or reckless driving.
Beware of misleading insurance ads
Ohio drivers can't avoid all the ads that promise big savings for switching by companies like State Farm, GEICO and Progressive. They all try to convey promises that drivers can save some big amount if you switch your policy.
How does each company give you a better price on insurance? It's all in the numbers.
Many companies have a preferred profile for the type of driver that is profitable for them. For example, this type of insured could possibly be a female over age 40, has no tickets, and has great credit. Anybody who fits that profile may get the lowest rates in Mansfield and is almost guaranteed to save a lot of money.
Consumers who fall outside those standards must pay a higher premium which translates to the prospect going elsewhere. The ads say "people that switch" but not "all drivers who get quotes" save that much. That's why insurance companies can make it sound like they have such great car insurance rates. Because of these techniques, it's extremely important to compare as many free Mansfield car insurance quotes as you can. Because you cannot predict which insurance companies will be your best fit.
Get the best coverage at the lowest price
We've covered many ways to shop for insurance online. The key thing to remember is the more providers you compare, the better chance you'll have of finding affordable Mansfield car insurance quotes. Consumers may even find the best price on insurance is with an unexpected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.
When trying to cut insurance costs, it's not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed physical damage coverage and found out when filing a claim that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.
Budget-friendly insurance in Mansfield can be bought both online as well as from insurance agents, so you need to shop Mansfield car insurance with both to have the best selection. Some insurance providers do not offer internet price quotes and usually these small insurance companies only sell through local independent agents.
For more information, link through to the articles below:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Who Has Cheap Car Insurance Quotes for Good Drivers in Ohio? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Ohio? (FAQ)
- Older Driver Statistics (Insurance Information Institute)
- Distracted Driving Extends Beyond Texting (State Farm)
- Top Signs Your Brakes are Giving Out (State Farm)
- What if I Can't Find Coverage? (Insurance Information Institute)