How long has it been since you compared more competitive insurance rates in Willoughby, OH? Are you at wits end from not being able to afford to insure your vehicles every month? Your situation is no different than the majority of other drivers in Ohio.
Remarkably, a study showed that 70% of consumers have stayed with the same insurance company for over three years, and 38% of customers have never compared rates from other carriers. Consumers in the United States can save hundreds of dollars each year just by getting comparison quotes, but they just don't understand how much money they would save if they moved their coverage to a different company.
Drivers have multiple insurance companies to choose from, and although it's a good thing to have multiple companies, more choices can make it harder to locate the cheapest rates.
All the larger insurance companies allow you to get coverage price quotes on their websites. Comparing insurance rates online doesn't take much effort as you just enter your coverage preferences as detailed in the form. Behind the scenes, their quoting system requests your driving and credit reports and provides a quote based on many factors. Getting online rates streamlines rate comparisons, and it's necessary to perform this step if you are searching for cheap insurance pricing.
To get comparison pricing now, consider comparing rates from the companies shown below. If you have coverage now, it's recommended that you enter deductibles and limits exactly as they are listed on your policy. Doing this guarantees you will have rate comparison quotes based on similar coverages.
The providers in the list below can provide quotes in Willoughby, OH. If the list has multiple companies, it's a good idea that you visit as many as you can to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 2WD||$610||$305||$51|
|Chevrolet Malibu LT||$688||$344||$57|
|Chevrolet Silverado LS Extended Cab 4WD||$624||$312||$52|
|Dodge Grand Caravan CV||$844||$422||$70|
|Dodge Ram Quad Cab SLT 2WD||$838||$419||$70|
|Ford Edge Limited AWD||$856||$428||$71|
|Ford Escape XLT 2WD||$760||$380||$63|
|Ford F-150 SVT Raptor Super Cab 4WD||$888||$444||$74|
|Ford Focus S 4-Dr Sedan||$664||$332||$55|
|Honda Accord EX 2-Dr Coupe||$1,004||$502||$84|
|Honda CR-V LX 4WD||$678||$339||$57|
|Honda Civic GX 4-Dr Sedan||$780||$390||$65|
|Hyundai Sonata GLS 4-Dr Sedan||$956||$478||$80|
|Jeep Grand Cherokee Limited 4WD||$836||$418||$70|
|Mazda 3 I Sport 4-Dr Sedan||$624||$312||$52|
|Nissan Altima 3.5 SR 2-Dr Coupe||$820||$410||$68|
|Toyota Camry LE||$684||$342||$57|
|Toyota Corolla S||$722||$361||$60|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific location which can change premiums significantly.
One of the hardest decisions when shopping for auto insurance is how high should the deductibles for physical damage be. The rates below show the rate differences when you select higher and lower insurance deductibles. The first rate quote example uses a $250 deductible and the second rate chart uses a $1,000 deductible.
Toyota Corolla 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|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in specific location which can modify coverage prices noticeably.
We can estimate from the data above that using a $250 deductible costs roughly $19 more each month or $228 for a full year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 39 months between claims, you would probably come out ahead by going with a higher deductible.
Willoughby insurance rates: Men versus women
The information below visualizes the comparison of insurance rates for male and female drivers in Willoughby. Data assumes no claims or driving citations, full coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium on a Honda Civic Hybrid.
Honda Civic rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Take advantage of every insurance discount
Some insurers don't always publicize every policy discount in an easy-to-find place, so the list below contains a few of the more well known and the more hidden credits available to you.
- Pay Now and Pay Less - By paying your policy upfront rather than paying in monthly installments you may have a lower total premium amount.
- Discount for Passive Restraints - Vehicles equipped with air bags or automatic seat belts may qualify for discounts of 25 to 30%.
- Cautious Driver Discounts - Drivers without accidents can get discounts for up to 45% lower rates than drivers with accidents.
- Low Mileage - Low annual miles could earn substantially lower premium rates.
- Multi-line Discount - Insurance companies who offer life insurance give a small discount if you purchase a life insurance policy as well.
- Buy New and Save - Adding a new car to your policy may earn a small discount due to better safety requirements for newer models.
- Clubs and Organizations - Having an affiliation with qualifying employment or professional organizations could earn you a nice discount on your next renewal.
Discounts save money, but please remember that most of the big mark downs will not be given to the whole policy. Most only reduce individual premiums such as liability and collision coverage. Despite the appearance that you can get free auto insurance, nobody gets a free ride.
Larger insurance companies and some of their more popular discounts are included below.
- Farm Bureau offers premium reductions for good student, multi-vehicle, youthful driver, multi-policy, 55 and retired, and renewal discount.
- State Farm offers discounts including driver's education, student away at school, good driver, safe vehicle, anti-theft, multiple autos, and multiple policy.
- Progressive offers discounts for continuous coverage, multi-vehicle, multi-policy, online signing, and homeowner.
- Allstate may offer discounts for good payer, resident student, passive restraint, 55 and retired, anti-theft, defensive driver, and premier discount.
- Nationwide discounts include defensive driving, business or organization, anti-theft, easy pay, good student, family plan, and multi-policy.
- MetLife has savings for good driver, multi-policy, defensive driver, claim-free, accident-free, good student
If you want inexpensive Willoughby auto insurance quotes, ask every company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policyholders in your state. If you would like to see a list of insurance companies with significant discounts in Ohio, click here.
Why your premium might be higher
When buying insurance it's important to understand a few of the rating criteria that are used to determine insurance rates. When you know what positively or negatively determines premiums, this helps enable you to make changes that may reward you with cheaper rates.
Listed below are some of the most rate-impacting factors companies use to determine your premiums.
Older drivers save more - Older, more experienced drivers are proven to be safer behind the wheel, are lower risk to insure, and receive fewer citations.Young drivers have a tendency to be easily distracted when driving with friends so insurance rates are higher.
Extra policy coverages push up rates - Insurance companies have many add-on coverages that can waste your money if you aren't diligent. Coverages like replacement cost coverage, accident forgiveness, and extra equipment coverage may be wasting your money. They may seem like a good idea at first, but now you might not need them so think about removing them and cutting costs.
Improve your credit score - Having a good credit rating is likely to be a major factor in determining what you pay for insurance. Drivers who have good credit tend to be more responsible and file fewer claims than drivers who have bad credit. Therefore, if your credit rating can be improved, you may save money insuring your vehicle by improving your credit score.
Your occupation and insurance rates - Did you know your job can affect your rates? Occupations like fire fighters, business owners and emergency personnel are shown to have higher premium rates because of job stress and lengthy work days. Conversely, jobs like farmers, engineers and performers generally pay rates lower than average.
Alarms and GPS tracking lower rates - Purchasing a vehicle with a theft deterrent system can help lower your rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft.
Get a ticket, pay higher costs - How you drive has a huge affect on how much you pay. Even one moving violation can bump up the cost twenty percent or more. Attentive drivers receive lower rates than their less careful counterparts. People who have severe tickets like DUI or willful reckless driving may find that they have to to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
Insurance rates and driver gender - Over time, data shows that females tend to be a little less risky than males. It does not mean males are worse at driving than females. Women and men are in at-fault accidents in similar percentages, but the male of the species have accidents that have higher claims. They also get cited for more serious violations like driving under the influence (DUI).
Insurance is not optional
Even though it's not necessarily cheap to insure a vehicle in Willoughby, maintaining insurance is most likely required but also gives you several important benefits.
First, almost all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability insurance coverage if you drive a vehicle. 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 you have a lien on your vehicle, most banks will force you to carry insurance to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your vehicle at a much higher rate and require you to reimburse them the higher price.
Third, insurance protects both your vehicle and your personal assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your vehicle as the result of the weather or an accident, your insurance policy will cover the repair costs.
The benefits of carrying adequate insurance outweigh the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $850 per year so it's very important to do a rate comparison at every policy renewal to help ensure money is not being wasted.
Shop smart and save
As you shop your coverage around, it's not a good idea to sacrifice coverage to reduce premiums. In many cases, drivers have reduced liability limits or collision coverage to discover at claim time that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.
Cheap insurance in Willoughby can be found from both online companies as well as from insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide the ability to get quotes online and usually these regional carriers prefer to sell through independent insurance agents.
- Safety Features for Your New Car (State Farm)
- What Car Insurance is Cheapest for Drivers with a DUI in Ohio? (FAQ)
- What Car Insurance is Cheapest for Ride Shares in Ohio? (FAQ)
- How Much are Car Insurance Quotes in Ohio? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Teen Driving Statistics (GEICO)