Having to pay for overpriced car insurance in Parma can dwindle your savings and possibly require you to analyze your spending habits.

Regrettably, the vast majority of consumers have remained with the same car insurance company for a minimum of four years, and nearly the majority have never even shopped around for lower-cost coverage. Many consumers in Parma can cut their rates by up to $729 a year just by shopping around, but most tend to underestimate how much money they would save if they replace their high priced policy. Drivers have so many insurance companies to insure vehicles with, and even though it's nice to be able to choose, too many choices makes it more difficult to compare rates and find the lowest cost car insurance.

Most of the larger companies make it easy to get pricing direct online. Obtaining pricing is fairly simple as all you need to do is type in the amount of coverage you want into the quote form. Behind the scenes, their quoting system obtains reports for credit and driving violations and returns pricing information based on the information you submitted. Quoting online helps simplify price comparisons, and it's absolutely necessary to do this in order to get the cheapest price on auto insurance.

To compare rates now, check out the auto insurance providers below. To compare your current rates, we recommend that you enter the coverage information as shown on your current policy. This guarantees you're receiving comparison quotes based on the exact same insurance coverage.

The providers in the list below have been selected to offer free rate quotes in Ohio. If several companies are displayed, it's a good idea that you visit as many as you can in order to find the lowest rates.

Insurance Rates for Popular Vehicles in Parma
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado Crew Cab Hybrid 2WD $818 $409 $68
Dodge Grand Caravan SE $556 $278 $46
Dodge Ram Crew Cab Laramie 4WD $992 $496 $83
Ford Escape Limited 4WD $652 $326 $54
Ford F-150 Lariat Crew Cab 2WD $706 $353 $59
Ford Focus SEL 4-Dr Sedan $798 $399 $67
Honda Accord EX 4-Dr Sedan $572 $286 $48
Honda CR-V EX-L 4WD $662 $331 $55
Honda Civic LX 4-Dr Sedan $696 $348 $58
Nissan Altima 2.5 S 4-Dr Sedan $730 $365 $61
Nissan Rogue S 2WD $670 $335 $56
Toyota Camry LE $598 $299 $50
Toyota Corolla XRS $660 $330 $55
Toyota RAV4 Limited 4WD $884 $442 $74
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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, multi-vehicle, homeowner, multi-policy, and claim-free. Information does not factor in garaging location in Parma which can decrease or increase premium rates noticeably.

Impact of careless driving on car insurance rates

The diagram below highlights how speeding tickets and accidents raise Toyota Corolla premium costs for different age groups of insureds. The rate quotes are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

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

Comparison of policy deductibles

The example below highlights how deductible selection and can increase or decrease Hyundai Elantra yearly insurance costs for different categories of driver ages. The information is based on a single female driver, comp and collision included, and no other discounts are factored in.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Physical damage deductibles

A question often asked by Parma drivers is which deductible level should you buy. The figures shown below sum up the cost difference of buying low and high deductibles. The first data table uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord LX 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord EX 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord LX-P 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord LX-P 4-Dr Sedan $170 $290 $192 $12 $58 $747 $62
Accord EX-L 4-Dr Sedan $196 $352 $192 $12 $58 $835 $70
Accord EX 2-Dr Coupe $196 $416 $256 $16 $76 $985 $82
Accord LX-S 2-Dr Coupe $196 $416 $256 $16 $76 $985 $82
Accord EX-L 2-Dr Coupe $220 $416 $256 $16 $76 $1,009 $84
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Honda Accord insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord LX 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord EX 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord LX-P 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord LX-P 4-Dr Sedan $124 $196 $192 $12 $58 $582 $49
Accord EX-L 4-Dr Sedan $142 $238 $192 $12 $58 $642 $54
Accord EX 2-Dr Coupe $142 $280 $256 $16 $76 $770 $64
Accord LX-S 2-Dr Coupe $142 $280 $256 $16 $76 $770 $64
Accord EX-L 2-Dr Coupe $160 $280 $256 $16 $76 $788 $66
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium costs do not factor in specific zip code location which can influence auto insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible costs roughly $15 more each month or $180 every year than selecting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at least 27 months between claim filings, you would probably be better off if you choose a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $70
Average monthly premium for $500 deductibles (subtract): - $55
Monthly savings from raising deductible: $15
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

One thing to note is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you do file a claim. You must have access to more funds in the event you need to pay the deductible to have repairs made.

Discounts can help lower premiums on car insurance

Car insurance is easily one of your largest bills, but there are discounts available that you may not even be aware of. Certain reductions will be credited when you complete an application, but some discounts are required to be asked about in order for you to get them.Car insurance discounts

One last thing about discounts, some credits don't apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, it's just not the way it works. Any amount of discount will definitely reduce your car insurance premiums.

If you would like to see a list of providers who offer free car insurance quotes in Ohio, click this link.

Shop online but buy locally

Many drivers would prefer to talk to an insurance agent and doing that can be a smart decision Insurance agents can help determine the best coverages and will help you if you have claims. An additional benefit of comparing insurance prices online is the fact that drivers can get the lowest rates but still work with a licensed agent.

Find insurance agent in ParmaUpon completion of this simple form, the quote information is sent to insurance agents in Parma that give free quotes for your business. You won't even need to drive around since price quotes are sent immediately to your email address. In the event you want to quote rates from a specific insurance provider, just search and find their rate quote page and fill out the quote form the provide.

Deciding on an insurer should depend on more than just a cheap price. You should also get answers to these questions.

There's no such thing as the perfect car insurance policy

When quoting and comparing proper insurance coverage, there really isn't a "best" method to buy coverage. Your financial needs are unique.Drive safe and save

Here are some questions about coverages that may help you determine whether you would benefit from an agent's advice.

If you don't know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don't have a local agent, take a second and complete this form. It's fast, free and can provide invaluable advice.

Seven things that influence your costs

Lots of factors are considered when you get a price on insurance. Most are fairly basic such as your driving record, but other factors are less obvious such as your marital status and annual miles driven. A large part of saving on car insurance is knowing the rating factors that play a part in calculating your car insurance rates. If you know what influences your rates, this allows you to make good choices that could result in lower rates.

Defend yourself with liability - A critical coverage on your policy, liability insurance will afford coverage if you are found to be at fault for causing personal injury or damage in an accident. It will provide for a legal defense which can cost thousands of dollars. It is affordable coverage compared to other policy coverages, so insureds should have plenty of protection for their assets.

Lower rates by increasing physical damage deductibles - Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Some coverage claims would be running into the backend of another car, vandalism, or theft. The deductibles represent how much money you are willing to pay before your car insurance pays a claim. The more money you are required to pay out-of-pocket, the bigger discount you will receive.

Men drivers tend to cost more - Statistics demonstrate that females take fewer risks when driving. Now that doesn't mean males are worse at driving than females. Females and males are responsible for accidents at about the same rate, but males have accidents that have higher claims. Not only that, but men also get more serious tickets like driving under the influence (DUI).

Never allow your car insurance to lapse - Having a lapse in insurance coverage can be a sure-fire way to increase your rates. And not only will insurance be more expensive, getting caught without coverage could result in a revoked license or a big fine.

Do you work long hours in a tough job? - Careers such as doctors, architects and emergency personnel tend to pay the highest average rates due to intense work-related stress and lengthy work days. On the other hand, professions such as farmers, historians and the unemployed generally pay rates lower than average.

Better car insurance rates on safer vehicles - Safe vehicles tend to be cheaper to insure. Safe vehicles reduce injuries and any reduction in injury severity means your insurance company pays less and more competitive rates for policyholders.

Too many policy claims and you'll pay more - If you tend to file frequent claims, you shouldn't be surprised to get increased rates or even have your policy non-renewed. Auto insurance companies in Ohio give discounts to insureds who are not frequent claim filers. Your car insurance is intended for major claims that would cause financial hardship.

Insuring your vehicle just makes sense

Despite the high insurance cost in Parma, buying auto insurance may be required for several reasons.

The benefits of carrying enough insurance definitely exceed the cost, especially when you need to use it. An average driver in America overpays more than $855 a year so you should quote rates at least once a year to ensure rates are competitive.

Car insurance savings summarized

You just learned many ideas to compare car insurance rates in Parma. The key concept to understand is the more you quote Parma auto insurance, the better your chances of lowering your auto insurance rates. You may even be surprised to find that the lowest priced car insurance comes from some of the smallest insurance companies.

When you buy Parma auto insurance online, it's very important that you do not skimp on critical coverages to save a buck or two. In too many instances, an insured dropped physical damage coverage only to regret at claim time they didn't have enough coverage. Your goal should be to buy a smart amount of coverage at an affordable rate but still have enough coverage for asset protection.

Affordable car insurance in Parma can be found from both online companies as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies may not provide rate quotes online and usually these smaller providers only sell through independent agents.

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