Searching for cheaper insurance for a new or used car in Ohio can normally be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to shop for insurance so we're going to tell you the absolute fastest way to quote coverages for a and locate the lowest possible price either online or from Cincinnati insurance agents.
Buying the cheapest auto insurance in Cincinnati seems hard but is not really that difficult. If you are already insured or are shopping for new coverage, you will benefit by learning to get lower rates and still have adequate protection. Smart shoppers just have to know the proper way to compare different rates from many companies at once.
First Step: Get free car insurance quotes
The providers in the list below have been selected to offer free rate quotes in Ohio. If more than one company is shown, we suggest 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 Equinox LS 2WD||$974||$487||$81|
|Chevrolet Impala LS||$528||$264||$44|
|Chevrolet Silverado Crew Cab Hybrid 4WD||$796||$398||$66|
|Dodge Ram Quad Cab Laramie 2WD||$1,014||$507||$85|
|Ford Escape Limited 2WD||$698||$349||$58|
|Ford F-150 XL Crew Cab 4WD||$846||$423||$71|
|Ford Focus SEL 4-Dr Sedan||$816||$408||$68|
|Honda Accord EX-L 2-Dr Coupe||$876||$438||$73|
|Honda CR-V LX 2WD||$578||$289||$48|
|Honda Civic EX-L 2-Dr Coupe||$960||$480||$80|
|Honda Odyssey EX||$698||$349||$58|
|Jeep Grand Cherokee SRT-8 4WD||$648||$324||$54|
|Mazda 3 I Touring 4-Dr Sedan||$636||$318||$53|
|Nissan Altima 3.5 SR 4-Dr Sedan||$566||$283||$47|
|Toyota Camry LE||$598||$299||$50|
|Toyota Corolla XLE||$840||$420||$70|
|Toyota Tacoma 4WD||$846||$423||$71|
|Volkswagen Jetta SEL 4-Dr Sedan||$566||$283||$47|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in specific location information which can modify insurance rates considerably.
Illustration showing the impact of accidents and violations
The chart below highlights how speeding tickets and accidents increase Honda Accord insurance costs for each different age group. The premium estimates are based on a single male driver, full physical damage 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.
Does full coverage make sense?
The information below visualizes the comparison of Ford F-150 annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The prices are based on no claims, a clean driving record, $250 deductibles, married male driver, and no additional discounts are factored in.
Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.
When to switch to liability coverage only
There is no clear-cut formula of when to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let's say your Ford F-150 replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If you are paying over $300 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not advised. If you haven't satisfied your loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not opt for liability only.
Yearly car insurance costs for men versus women
The chart below shows the difference between insurance costs for male and female drivers in Cincinnati. The price estimates are based on no violations or claims, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration on a Honda Accord LX-P.
Honda Accord rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Why you need insurance for your vehicle
Despite the potentially high cost of car insurance, insuring your vehicle serves a purpose in several ways.
First, most states have mandatory insurance requirements which means you are required to buy a specific level of liability in order to be legal. 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 vehicle has a loan, most banks will force you to carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may insure your vehicle at a significantly higher premium and require you to pay the higher price.
Third, insurance safeguards not only your car 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, the one required by state law, will also pay for a defense attorney if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of carrying adequate insurance definitely exceed the price paid, especially if you ever need it. But the average American driver is overpaying more than $750 every year so we recommend shopping around at every renewal to make sure the price is not too high.
Tricks in car insurance advertising
Consumers in Ohio can't escape the ads that claim the best auto insurance rates from the likes of State Farm and Allstate. They all advertise claims about how much you will save if you move your coverage.
But how can every company lower your auto insurance rates? Here is the trick they use.
Companies quote their cheapest rates for the type of driver that will be a good risk. A good example of a driver they prefer might be described as married and over the age of 30, has no claims, and drives less than 5,000 miles a year. Any driver that meets those criteria will get the preferred premium rates in Cincinnati as well as save when they switch companies.
Potential customers who are not a match for those standards may be required to pay more expensive rates with the end result being the customer not buying. If you pay attention, the ads say "people who switch" but not "all drivers who get quotes" save money. That's the way companies can truthfully claim big savings. Because of these techniques, you really should quote coverage with many companies. It is just not possible to predict which company will provide the lowest car insurance in Cincinnati.
Companies offer many types of discounts on car insurance
Car insurance companies do not list every possible discount in a way that's easy to find, so the next list breaks down a few of the more well known as well as the least known discounts that you can inquire about if you buy Cincinnati car insurance online. If you are not receiving all the discounts you qualify for, you're just leaving money on the table.
- Student Discounts - This discount can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
- Save over 55 - If you're over the age of 55, you may receive reduced rates.
- Low Mileage Discounts - Fewer annual miles can qualify you for discounted car insurance rates on garaged vehicles.
- Discount for Multiple Policies - If you combine your home and auto policies with one insurance company you could save at least 10% off all policies.
- Driver's Education for Students - Teen drivers should complete a driver education course as it will make them better drivers and lower rates.
- Payment Discounts - If paying your policy premium upfront as opposed to paying monthly you may reduce your total bill.
- Telematics Discount - Insureds that choose to allow their insurance company to scrutinize their driving habits remotely such as State Farm's In-Drive could see a rate decrease as long as the data is positive.
Consumers should know that most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, company stockholders wouldn't be very happy. But all discounts will definitely reduce your policy premiums.
For a list of insurers that can offer you the previously mentioned discounts in Cincinnati, follow this link.
Compare prices but still have a local Cincinnati insurance agent
Some people just want to buy from a local agent and that is recommended in a lot of cases Agents can point out coverage gaps and help submit paperwork. A good thing about getting online price quotes is the fact that drivers can get cheap insurance quotes but also keep your business local.
After filling out this short form, the coverage information is emailed to local insurance agents in Cincinnati that provide free Cincinnati car insurance quotes for your business. You never need to contact an agency because quoted prices will be sent to your email. If you want to quote rates from one company in particular, you can always navigate to their website and fill out their quote form.
Picking an insurer needs to be determined by more than just the bottom line cost. You should also get answers to these questions.
- Do you work with a CSR or direct with the agent?
- What are their preferred companies if they are an independent agency?
- How long has their agency been in business in Cincinnati?
- Do they have any clout with companies to ensure a fair claim settlement?
- Which insurance companies are they affiliated with?
When researching a local Cincinnati insurance agency, you need to know there are two different types of agents and how they work. Insurance agents in Cincinnati may be either exclusive or independent (non-exclusive). Both types can write policy coverage, but we need to point out how they differ since it can impact your selection of an agent.
Agents in the exclusive channel write business for a single company and some examples include Allstate, State Farm and Farmers Insurance. Exclusive agents cannot compare other company's rates so you need to shop around if the rates are high. They are usually well trained on the products they sell and that allows them to sell at a higher price point. A lot of people use the same agent partially due to the brand name and the convenience of having all coverages with one company.
Listed below are Cincinnati exclusive insurance agencies who may provide you with price quote information.
- Richard Curry Jr - State Farm Insurance Agent
4953 Delhi Ave - Cincinnati, OH 45238 - (513) 451-5205 - View Map
- Dennis Howard - State Farm Insurance Agent
309 W Kemper Rd - Cincinnati, OH 45246 - (513) 771-1436 - View Map
- Brad Robbins - State Farm Insurance Agent
3111 Mozart Ave - Cincinnati, OH 45211 - (513) 662-2200 - View Map
These type of agents do not work for one specific company so as a result can place your coverage with an assortment of companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move your policy to a different company and you won't have to switch agencies. When comparison shopping, we recommend you get several quotes from at least one independent agent to get the most accurate price comparison. They also have the ability to place coverage with small mutual carriers which could offer lower prices.
Below is a short list of independent agents in Cincinnati that can give you rate quotes.
- Htt Agency
5879 Cheviot Rd - Cincinnati, OH 45247 - (513) 741-2100 - View Map
- Dillhoff Insurance
120 E 4th St # 1000 - Cincinnati, OH 45202 - (513) 621-2020 - View Map
- Dempsey and Siders Insurance Agency
6725 Miami Ave #102 - Cincinnati, OH 45243 - (513) 891-4400 - View Map
You may need specialized insurance coverage
When it comes to buying your policy, there really isn't a cookie cutter policy. Coverage needs to be tailored to your specific needs and your insurance should be unique as well. For instance, these questions can help discover whether your personal situation would benefit from professional advice.
- Does my insurance cover my expensive audio equipment?
- What is an adequate liability insurance limit?
- How much cheaper are high deductibles?
- If I use my vehicle for business use is it covered?
- Which companies are cheaper for teen drivers?
- Am I covered when driving on a suspended license?
- Do I have coverage when making deliveries for my home business?
- How does medical payments coverage work?
- Is my son or daughter covered when driving my car?
If you don't know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
Cheap coverage is out there
As you restructure your insurance plan, don't be tempted to reduce needed coverages to save money. There are a lot of situations where an insured cut liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible for the lowest cost, but do not sacrifice coverage to save money.
Cost effective car insurance can be bought from both online companies and from local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance providers may not provide internet price quotes and these smaller providers only sell coverage through independent agents.
Additional detailed information is located in the articles below:
- Car Insurance: When not to Skimp (BankRate.com)
- Which Company has the Cheapest Car Insurance in Elyria, Ohio? (FAQ)
- Who Has Cheap Ohio Auto Insurance Rates for Teenage Males? (FAQ)
- What is the Cheapest Auto Insurance in Dayton, Ohio? (FAQ)
- Who Has Cheap Car Insurance for Electric Cars in Ohio? (FAQ)
- How Much are Ohio Auto Insurance Rates for a Chevrolet Silverado? (FAQ)
- What is the Best Auto Insurance in Lorain, Ohio? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Good Credit in Ohio? (FAQ)
- All About Airbag Safety (State Farm)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)