Are you tired of overpaying and want the cheapest auto insurance rates in Mount Vernon, OH? Finding the cheapest insurance for a new or used car in Ohio could be difficult, but you can learn the following methods to find lower rates.
There are both good and bad ways to shop for auto insurance and we'll show you the best way to price shop coverage on a and locate the lowest price either online or from Mount Vernon insurance agents.
Finding cheaper insurance prices isn't really that difficult. Just take the time comparing free Mount Vernon car insurance quotes to find out which insurance company has cheaper Mount Vernon car insurance quotes.
The providers in the list below can provide comparison quotes in Mount Vernon, OH. If multiple providers are shown, we recommend you visit two to three different companies to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LS||$730||$365||$61|
|Chevrolet Silverado LT Extended Cab 2WD||$644||$322||$54|
|Dodge Ram Quad Cab SLT 4WD||$782||$391||$65|
|Ford Escape Limited 4WD||$838||$419||$70|
|Ford F-150 SVT Raptor Super Cab 4WD||$684||$342||$57|
|Ford Focus SE 4-Dr Sedan||$678||$339||$57|
|Honda Accord LX-P 4-Dr Sedan||$572||$286||$48|
|Honda CR-V EX-L 4WD||$700||$350||$58|
|Honda Civic SI 2-Dr Coupe||$910||$455||$76|
|Hyundai Sonata Limited 4-Dr Sedan||$674||$337||$56|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$698||$349||$58|
|Kia Optima SX||$726||$363||$61|
|Mazda 3 S Sport 4-Dr Sedan||$566||$283||$47|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,038||$519||$87|
|Toyota Camry LE||$668||$334||$56|
|Toyota Corolla XLE||$840||$420||$70|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in specific zip code location which can revise premium rates greatly.
Impact of citations and accidents on Mount Vernon insurance rates
The diagram below illustrates how speeding tickets and at-fault fender-benders can impact Ford Fusion insurance costs for different age categories. The data is based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.
Raise deductibles and save
When buying auto insurance, a common question is where should you set your physical damage deductibles. The tables below sum up the difference in cost when you buy lower versus higher deductibles. The first pricing table uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.
Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in your specific Mount Vernon location which can affect price quotes greatly.
We can estimate from the data above that using a $250 deductible costs an average of $18 more each month or $216 a year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 42 months between claims, you would probably come out ahead if you choose the higher deductible. Here's how you can make this decision for your own policy.
|Average monthly premium for $250 deductibles:||$72|
|Average monthly premium for $1,000 deductibles (subtract):||- $54|
|Monthly savings from raising deductible:||$18|
|Difference between deductibles ($1,000 - $250):||$750|
|Divide difference by monthly savings:||$750 / $18|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||42 months|
One important note is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you have a comprehensive or collision claim. That will force you to have enough savings in the event you need to pay the higher deductible in order to repair your vehicle.
Auto insurance is not optional
Despite the fact that auto insurance is not cheap in Mount Vernon, paying for auto insurance is required by state law in Ohio and it also provides benefits you may not be aware of.
First, almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage if you don't want to risk a ticket. 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 lenders will require you to have physical damage coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may insure your vehicle at a much higher premium rate and require you to reimburse them a much higher amount than you were paying before.
Third, auto insurance preserves both your assets and your vehicle. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of your driving. If your vehicle gets damaged, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance outweigh the cost, specifically if you ever have a liability claim. An average driver in America overpays more than $820 a year so we recommend shopping around each time the policy renews to save money.
What impacts Mount Vernon car insurance premiums?
Many things are taken into consideration when premium rates are determined. Some are pretty understandable like a motor vehicle report, but some are more transparent like where you live or your vehicle rating.
Use one insurance company and save - Most major insurers will give better rates to people that have more than one policy. It's known as a multi-policy discount. The discount can add up to ten percent or more. Even if you qualify for this discount already, it's always a smart idea to shop around to guarantee you are still saving the most.
Safer cars means lower prices - Cars with five star safety ratings get lower rates. Vehicles engineered for safety reduce injuries and lower rates of occupant injuries translates into savings for insurance companies which can mean better rates for you. If your car, truck, or SUV scored better than four stars on Safercar.gov you may be receiving a better rate.
Having a spouse can save you money - Having a spouse can get you a discount on your auto insurance bill. Marriage generally demonstrates drivers are more mature than a single person it has been statistically shown that married drivers tend to file fewer claims.
Battle of the sexes - Statistics show women are more cautious behind the wheel. Now that doesn't mean males are worse at driving than females. Men and women are in accidents at about the same rate, but the males cause more damage and cost insurance companies more money. Men also statistically receive more costly citations such as reckless driving. Male drivers age 16 to 19 generally have the highest accident percentage and therefore pay the highest rates.
Your job can affect prices - Occupations like real estate brokers, air traffic controllers, and stock brokers generally pay higher premiums than the average policyholder in part from intense work requirements and incredibly demanding work hours. Conversely, professions such as scientists, historians and retirees have the lowest average rates.
Affordable rates on car insurance with these car insurance discounts
Car insurance is easily one of your largest bills, but you might be missing out on some discounts that could help you make your next renewal payment. Most are applied when you get a quote, but lesser-known reductions have to be requested specifically in order for you to get them.
- Driver's Ed - Have your child take driver's ed class as it can save substantially.
- Early Signing - Some larger companies give discounts for buying a policy before your current expiration date. You may see this discount when you get Mount Vernon car insurance quotes online.
- Discounts for Government Workers - Active or retired federal employment could qualify for a slight premium decrease but check with your company.
- Waiver for an Accident - This isn't a discount exactly, but companies like Liberty Mutual and GEICO will allow you to have one accident before they charge you more for coverage with the catch being you have to be claim-free for a specific time period.
- Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up could cut 10% or more off the medical payments premium.
Discounts reduce rates, but you should keep in mind that most discount credits are not given to all coverage premiums. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.
To see insurance companies that offer multiple discounts in Mount Vernon, follow this link.
Auto insurance can get complicated
When it comes to the right insurance coverage for your personal vehicles, there is no one-size-fits-all type of policy. Every insured's situation is different.
For example, these questions could help you determine if your situation would benefit from an agent's advice.
- How much liability insurance is required?
- How much liability do I need to cover my assets?
- Is my business laptop covered if it gets stolen from my vehicle?
- I have a DUI can I still get coverage?
- Can I get a multi-policy discount?
- Is my son or daughter covered when driving my car?
- What is the premium to book value ratio for dropping full coverage?
- Why do I need rental car insurance?
If you can't answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don't have a local agent, fill out this quick form. It's fast, doesn't cost anything and can provide invaluable advice.
You can find cheaper coverage
We just covered some good ideas how you can reduce auto insurance premium rates online in Mount Vernon. The key concept to understand is the more companies you get prices for, the higher your chance of finding affordable Mount Vernon car insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from some of the lesser-known companies.
As you go through the steps to switch your coverage, it's not a good idea to reduce coverage to reduce premium. In many cases, an insured dropped comprehensive coverage or liability limits to discover at claim time they didn't purchase enough coverage. The ultimate goal is to purchase plenty of coverage at the best price, but don't skip important coverages to save money.
Some insurance companies do not offer price quotes online and these smaller companies work with local independent agents. Lower-priced auto insurance in Mount Vernon can be sourced on the web in addition to many Mount Vernon insurance agents, so you should be comparing quotes from both to get a complete price analysis.
Much more information about auto insurance in Ohio is available below:
- Older Driver Statistics (Insurance Information Institute)
- What Insurance is Cheapest for Teenage Females in Ohio? (FAQ)
- Who Has Affordable Car Insurance Quotes for Handicapped Drivers in Ohio? (FAQ)
- Who Has the Cheapest Auto Insurance for a Nissan Sentra in Ohio? (FAQ)
- Who Has Cheap Car Insurance Quotes for Good Drivers in Ohio? (FAQ)
- How Much are Car Insurance Quotes in Ohio? (FAQ)
- Neck Injury FAQ (iihs.org)
- Side Impact Crash Tests (iihs.org)