Are you regretting the purchase of an expensive auto insurance policy? Believe me, many consumers are feeling buyer's remorse and feel like there's no way out.
Unbelievable but true, a large majority of consumers renewed their policy with the same company for well over three years, and almost 40% of drivers have never quoted rates to find lower-cost coverage. U.S. drivers could save 46.5% a year just by getting comparison quotes, but they assume it's a waste of time to compare rates.
Big-name insurance companies like GEICO, Progressive and Allstate all claim big savings, bombarding you with ads and consumers find it hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.
It's a good idea to get comparison quotes on a regular basis since prices trend upward over time. Despite the fact that you may have had the best rate on auto insurance on your last policy you will most likely find a better premium rate today. You can find a lot of misleading information regarding auto insurance online but in this article, you're going to get some excellent ideas to find affordable auto insurance in Euclid.
If you have a policy now, you will be able to reduce the price you pay using the ideas covered in this article. Buying the cheapest car insurance in Euclid is not that difficult. Nevertheless, Ohio vehicle owners can benefit from knowing the methods companies use to market insurance on the web and use this information to your advantage.
The easiest way to compare car insurance rates is to realize most insurance companies allow for online access to compare their rates. To start a quote, the only thing you need to do is give them rating details such as whether or not you need a SR-22, types of safety features, the year, make and model of vehicles, and if the vehicle is leased. That rating data is instantly submitted to multiple top-rated companies and you receive quotes with very little delay.
To start a quote now, click here and complete the quick form.
The providers in the list below are ready to provide price comparisons in Ohio. If multiple companies are shown, we suggest you visit as many as you can in order to find the most competitive rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Extended Cab 4WD||$514||$257||$43|
|Chevrolet Silverado LTZ Crew Cab 4WD||$776||$388||$65|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$700||$350||$58|
|Ford Escape XLT 4WD||$662||$331||$55|
|Ford F-150 STX Regular Cab 4WD||$762||$381||$64|
|Ford Focus SEL 4-Dr Sedan||$622||$311||$52|
|Ford Fusion Hybrid 4-Dr Sedan||$742||$371||$62|
|GMC Sierra SLE Crew Cab 2WD||$802||$401||$67|
|Honda Accord LX-P 4-Dr Sedan||$536||$268||$45|
|Honda CR-V EX-L 4WD||$518||$259||$43|
|Honda Civic EX 4-Dr Sedan||$798||$399||$67|
|Kia Optima LX||$644||$322||$54|
|Mazda 3 S Sport 4-Dr Hatchback||$566||$283||$47|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,184||$592||$99|
|Toyota Camry LE||$688||$344||$57|
|Toyota Corolla S||$846||$423||$71|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates noticeably.
Full coverage versus liability-only in Euclid
The example below shows the difference between Hyundai Sonata auto insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no accidents or driving violations, $1,000 deductibles, married male driver, and no discounts are applied to the premium.
Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you pay for full coverage?
There is no exact rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let's say your Hyundai Sonata replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying your policy deductible. If premiums are more than $200 annually to have full coverage, then it could be time to drop full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Companies offer many types of discounts on car insurance
Some companies don't always publicize every discount they offer in an easy-to-find place, so the following list contains some of the more common and also the more inconspicuous credits that may apply to you.
- Discount for Life Insurance - Some insurance companies give better rates if you take out life insurance from them.
- Theft Deterrent System - Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and earn discounts up to 10% off your Euclid car insurance quote.
- Distant Student - Kids who are enrolled in higher education away from home and do not have a car may be able to be covered for less.
- Discounts for New Vehicles - Insuring a new car can get you a discount because new vehicles are generally safer.
- Discount for Good Grades - Being a good student may save you up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Bundle and Save - If you can bundle your auto and home insurance with the same company you could earn a discount of 10% to 20% off each policy.
It's important to note that some of the credits will not apply to the overall cost of the policy. The majority will only reduce individual premiums such as collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, company stockholders wouldn't be very happy.
To find providers that offer multiple discounts in Euclid, click here.
Do I need an insurance agency?
A small number of people still prefer to talk to an insurance agent and often times that is recommended The best thing about getting online price quotes is that you can find the best rates and still choose a local agent.
After filling out this quick form, the quote information is instantly submitted to companies in Euclid who will give competitive quotes for your insurance coverage. You never need to contact any insurance agencies since rate quotes are delivered instantly to you. You can get cheaper insurance rates without requiring a lot of work. In the event you want to compare rates from one company in particular, feel free to go to their quote page and give them your coverage information.
Finding the right insurance company should depend on more than just a cheap price quote. Before buying a policy in Euclid, get answers to these questions.
- Is the agent properly licensed in Ohio?
- Do they specialize in personal lines coverage in Euclid?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Will the agent help in case of a claim?
- Does the agency provide any after hours assistance?
How to know if you need help
When selecting coverage, there is no "best" method to buy coverage. Each situation is unique.
For instance, these questions can aid in determining if you would benefit from professional advice.
- What does medical payments cover?
- Should I put collision coverage on all my vehicles?
- Am I covered by my employer's commercial auto policy when driving my personal car for business?
- Is extra glass coverage worth it?
- What are the best liability limits?
- Should I pay a claim out-of-pocket?
- Am I missing any policy discounts?
- Can I afford to buy a different vehicle if my vehicle is totaled?
If you don't know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form.
Smart consumers can lower your rates
It's important that you understand the factors that aid in calculating the price you pay for auto insurance. When consumers understand what influences your rates, this allows you to make educated decisions that may result in much lower annual insurance costs. Lots of things are considered when you quote your car insurance policy. Most are fairly basic such as your driving history, but other factors are less obvious such as your marital status or your commute time.
Listed below are some of the items used by your company to calculate your rate level.
Vehicle features can affect auto insurance rates - Purchasing a vehicle with advanced anti-theft systems can earn a premium discount. Systems that thwart thieves such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart car theft.
Gender impacts costs - Over time, data shows that women are safer drivers than men. Now that doesn't mean males are worse at driving than females. They both are responsible for at-fault accidents in similar percentages, but guys cause more damage and cost insurance companies more money. Not only are claims higher, but men receive more major tickets like reckless driving and DUI.
Annual mileage impacts rates - The higher the mileage driven each year the more it will cost to insure it. Most insurance companies rate vehicles based on their usage. Autos that sit idle most of the time qualify for better rates than vehicles that are driven to work every day. Double check that your policy properly reflects annual mileage.
Credit rating impact auto insurance costs - Credit score can be an important factor in determining what you pay. If your credit can be improved, you could be paying less to insure your vehicle by spending a little time repairing your credit. Drivers with very good credit scores tend to be better drivers and file fewer claims than drivers with worse credit.
Lower rates for being claim-free - Car insurance companies in Ohio provide cheaper rates to drivers who file claims infrequently. If you are the type of insured that files lots of claims you can look forward to either higher rates or even cancellation. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
More people means more accidents - Living in areas with lower population is a good thing when talking about auto insurance. Lower population translates into fewer accident claims and lower theft and vandalism rates. Urban drivers have more auto accidents and higher rates of accident claims. More time on the road means higher likelihood of an accident.
Rates can drop if you have more than one policy - Most major insurance companies give better rates to insureds that have more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to comparison shop to help guarantee you have the best rates.There is a good possibility that you can save even more than the discount by insuring with multiple companies.
Car insurance does more than just repair your car
Despite the high insurance cost in Euclid, insurance serves an important purpose.
First, just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection 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 make it a condition of the loan that you carry insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your vehicle at a significantly higher premium and require you to pay for it.
Third, car insurance preserves both your assets and your vehicle. It also can pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance more than offset the price you pay, particularly for liability claims. But the average driver in Ohio is overpaying more than $810 a year so compare rates at every renewal to make sure the price is not too high.
More effort can pay off
Insureds change insurance companies for any number of reasons including extreme rates for teen drivers, high rates after DUI convictions, unfair underwriting practices or even policy cancellation. It doesn't matter what your reason, finding a great new company can be pretty painless.
When you buy Euclid car insurance online, do not skimp on coverage in order to save money. There are many occasions where an insured dropped liability coverage limits and found out when filing a claim they didn't purchase enough coverage. The ultimate goal is to get the best coverage possible at the best possible price but still have enough coverage for asset protection.
Throughout this article, we presented a lot of ways to compare auto insurance rates in Euclid. The most important thing to understand is the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. You may even discover the most savings is with some of the lesser-known companies.
- Distracted Driving Extends Beyond Texting (State Farm)
- What is the Cheapest Auto Insurance in Dayton, Ohio? (FAQ)
- How Much are Ohio Auto Insurance Rates for a Chevrolet Silverado? (FAQ)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Electronic Stability Control FAQ (iihs.org)
- Side Impact Crash Tests (iihs.org)