Feeling guilty for buying overpriced insurance? You're in good company because many Brook Park drivers have buyer's remorse.

Astonishing but true according to a recent study, the vast majority of insurance customers have remained with the same insurance company for a minimum of four years, and approximately 38% of consumers have never shopped around. With the average insurance premium being $1,300, Brook Park drivers could save nearly $730 a year just by comparing rates, but they think it's difficult to do a rate comparison. Many auto insurance companies vie for your hard-earned dollar, so it can be very hard to choose a insurance company to discover the definitive best price available on insurance.

You should take the time to compare rates at least once a year because prices are constantly changing. Despite the fact that you may have had the lowest quotes on insurance on your last policy the chances are good that you can find a lower rate today. Block out anything you think you know about insurance because I'm going to let you in on the secrets to the best methods to find the best coverage while lowering your premiums.

Companies offering cheap rate quotes in Ohio

The companies shown below can provide quotes in Brook Park, OH. If the list has multiple companies, we recommend you get rate quotes from several of them to get a more complete price comparison.

Insurance Costs for Popular Vehicles in Brook Park
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Crew Cab 2WD $784 $392 $65
Dodge Grand Caravan Hero $764 $382 $64
Dodge Ram Crew Cab ST 4WD $978 $489 $82
Ford Escape XLT 2WD $758 $379 $63
Ford F-150 XL Crew Cab 2WD $724 $362 $60
Ford Focus S 4-Dr Sedan $784 $392 $65
Ford Fusion Sport AWD 4-Dr Sedan $714 $357 $60
Honda Accord EX-L 4-Dr Sedan $550 $275 $46
Honda CR-V LX 4WD $514 $257 $43
Honda Civic DX 4-Dr Sedan $768 $384 $64
Kia Optima SX $698 $349 $58
Nissan Altima 3.5 SR 2-Dr Coupe $916 $458 $76
Toyota Camry XLE $730 $365 $61
Toyota Corolla S $964 $482 $80
Toyota Prius $644 $322 $54
Get Your Own Custom Quote Go

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Estimates do not factor in specific location information which can impact coverage prices greatly.

Should you buy full coverage?

The example below illustrates the comparison of Honda Accord auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $250 deductibles, married male driver, and no other discounts are factored in.

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

Guidelines for eliminating full coverage

There is no exact rule for eliminating full coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Honda Accord book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your policy deductible. If premium cost is more than $700 annually for full coverage, then you may want to consider only buying liability coverage.

There are some situations where dropping full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in case of an accident, you should not buy liability only.

These six discounts can reduce insurance rates

Companies that sell car insurance don't always advertise all discounts very well, so we took the time to find a few of the more well known as well as some of the hidden credits that you can use to lower your rates.Save money with discounts

One last thing about discounts, most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as medical payments or collision. Just because you may think all those discounts means the company will pay you, nobody gets a free ride.

A few of the larger companies and a selection of discounts include:

Check with each company the best way to save money. Depending on the company, some discounts may not apply in Brook Park.

Insurance agents can help

When quoting and comparing coverage online or from an agent for your vehicles, there is no single plan that fits everyone. Every insured's situation is different and a cookie cutter policy won't apply.Car insurance savings Here are some questions about coverages that might help in determining whether you would benefit from an agent's advice.

If you can't answer these questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It is quick, free and can help protect your family.

Local Brook Park insurance agents

Some consumers still prefer to go talk to an agent and often times that is recommended Good agents can help determine the best coverages and help file insurance claims. The biggest benefit of getting online price quotes is you can get better rates and still choose a local agent.

Insurance agency in Brook ParkBy using this short form, the quote information is submitted to local insurance agents in Brook Park who will gladly provide quotes for your insurance coverage. You won't need to find an agent on your own since price quotes are sent instantly to you. If you have a need to compare rates from a specific car insurance provider, feel free to search and find their rate quote page and complete a quote there.

Choosing an insurance company requires more thought than just a cheap quote. These are valid questions to ask:

After getting answers to your satisfaction to any questions you may have and locked in a price quote, it's possible that you found a company that meets your needs to properly insure your vehicles.

Don't listen to company ads

Ohio drivers can't get away from all the ads that claim the lowest auto insurance rates from companies such as Allstate, GEICO and Progressive. All the companies have a common claim that you can save just by switching your policy.

How is it possible that every company can lower your auto insurance rates? It's all in how they say it.

Insurance companies have underwriting criteria for the driver that will add to their bottom line. A good example of a profitable insured could possibly be married and over the age of 30, insures multiple vehicles, and has great credit. Any person who fits that profile will get the preferred prices in Brook Park and will also cut their rates substantially.

Potential insureds who do not meet those standards will have to pay higher premiums and ends up with the prospect going elsewhere. The trick is to say "drivers that switch" not "everybody who quotes" save money. This is how companies can advertise the way they do. Because of this risk profiling, you really need to quote coverage with many companies. It is impossible to guess which company will have the best car insurance in Brook Park.

Coverages available on your policy

Learning about specific coverages of your car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.

Insurance for medical payments - Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as X-ray expenses, surgery, pain medications and funeral costs. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Vehicle Make and Models with the Lowest and Highest Medical Payment Insurance Claims
Lowest Claim Frequency Highest Claim Frequency
Ford F-350 SuperCrew Hyundai Accent
Tesla Model S Mitsubishi Mirage
Land Rover Range Rover Sport Chevrolet Spark
Audi A4 Allroad Nissan Sentra
Chevrolet Silverado 3500 Mitsubishi Lancer
Chevrolet Corvette Nissan Versa

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Auto liability insurance - Liability coverage provides protection from damage or injury you incur to a person or their property in an accident. It protects YOU against claims from other people. Liability doesn't cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things like medical expenses, structural damage and legal defense fees. How much coverage you buy is up to you, but it's cheap coverage so purchase as much as you can afford. Ohio requires drivers to carry at least 25/50/25 but you should think about purchasing better liability coverage.

Lowest and Highest Car Insurance Liability Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Volvo XC60 Kia Optima
Mercedes-Benz SL Class Chevrolet Cruze
Chevrolet Corvette Dodge Charger
Acura MDX Chevrolet Sonic
Subaru Forester Mitsubishi Mirage
Subaru Outback Mitsubishi Lancer

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision coverages - This coverage pays for damage to your vehicle from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, hitting a parking meter, sideswiping another vehicle, damaging your car on a curb and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Collision Coverage Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Colorado BMW 6 Series
Mini Cooper Ferrari 458
GMC Canyon Bently Continental GT
Ford F-150 SuperCrew Audi RS7
Ford F-250 SuperCab Maserati Granturismo
Jeep Wrangler Maserati Ghibli

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Uninsured Motorist or Underinsured Motorist insurance - Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your vehicle.

Since a lot of drivers only purchase the least amount of liability that is required (25/50/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverage (or Other than Collision) - This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, damage from flooding and a broken windshield. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Lowest and Highest Car Insurance Comprehensive Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
GMC Sierra 2500 Maserati Quattroporte
Nissan Xterra BMW M6
Chevy Spark Bentley Continental GT
Chevy Silverado 2500 Bentley Continental GTC
Nissan Leaf Maserati Granturismo
Smart ForTwo Mercedes-Benz S Class

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Quote often and quote early

Low-cost auto insurance in Brook Park can be found from both online companies in addition to local insurance agencies, so you need to quote Brook Park auto insurance with both so you have a total pricing picture. Some insurance companies don't offer internet price quotes and many times these regional insurance providers only sell through local independent agents.

When buying insurance coverage, it's very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut liability coverage limits to discover at claim time that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.

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