Finding lower-cost Oxford car insurance can seem to be rather difficult for beginners to shopping for insurance on the internet. With so many options of companies, how can anyone have the ability to compare every possible option in order to find the cheapest rates?
Finding affordable coverage in Oxford is quite easy. Just about every driver who shops for car insurance should be able to cut their insurance bill. But Ohio drivers must know how the larger insurance companies compete online because it can help you find the best coverage.
All major car insurance companies such as 21st Century, Allstate and State Farm allow consumers to get insurance quotes online. Getting online quotes doesn’t take a lot of time because you just enter your coverage information into the quote form. After you complete the form, their rating system pulls your driving record and credit report and returns pricing information based on these and other factors.
This makes comparing rates easy, but the work required to visit different websites and enter the same data into a form gets old quite quickly. Unfortunately, it is important to do this in order to find the best price on car insurance.
Compare rates the easy way
A quicker way to lower your rates requires only one form to obtain quotes from multiple companies. This type of form saves time, eliminates repetitive work, and makes price shopping online much more enjoyable and efficient. After sending the form, your coverage is rated with multiple companies and you can pick any one of the quotes that you receive. If you find a better price it’s easy to complete the application and buy the new coverage. It just takes a couple of minutes and you will find out if you’re overpaying now.
To save time and compare pricing, simply click here to open in new window and enter your information. If you have a policy now, it’s recommended that you enter the coverage information exactly as shown on your declarations page. This helps ensure you will get rate quotes for the exact same coverage.
Car insurance quotes and discounts
Properly insuring your vehicles can get expensive, but you might find some hidden discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you purchase, but some need to be asked for before being credited.
- Military Rewards – Being on active deployment in the military could trigger a small discount.
- Auto/Life Discount – Insurance carriers who offer life insurance give lower premium rates if you buy auto and life insurance together.
- Savings for New Vehicles – Insuring a vehicle that is new may earn a small discount because newer models keep occupants safer.
- Mature Driver Discount – If you’re over the age of 55, you are able to get a small discount on rates.
- Driving Data Discount – Oxford drivers who agree to allow driving data collection to analyze driving patterns remotely such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they are good drivers.
- No Claims – Insureds with no claims or accidents pay much less in comparison to accident-prone drivers.
- Driver Education Discount – Require your teen driver to participate in a local driver’s education class if offered at their school.
- Sign Online – A handful of insurance companies will provide an incentive digitally online.
- Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
As a sidenote, many deductions do not apply to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. So even though they make it sound like you could get a free car insurance policy, car insurance companies aren’t that generous.
If you would like to choose from a list of companies who offer car insurance discounts in Oxford, follow this link.
Specifics of your car insurance policy
Knowing the specifics of a car insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.
Liability car insurance
This protects you from damage that occurs to people or other property by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.
Liability can pay for claims like repair bills for other people’s vehicles, emergency aid, court costs and bail bonds. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. Ohio state law requires minimum liability limits of 12,500/25,000/7,500 but it’s recommended drivers buy more liability than the minimum.
Collision insurance
This coverage pays for damage to your vehicle caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as damaging your car on a curb, sideswiping another vehicle, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Comprehensive car insurance
This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like theft, hitting a deer and hitting a bird. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance provide coverage for expenses like X-ray expenses, hospital visits, funeral costs, dental work and EMT expenses. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Coverage for uninsured or underinsured drivers
This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (12,500/25/7,500), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Car insurance savings summarized
Throughout this article, we presented many ways to reduce car insurance prices online. The key thing to remember is the more companies you get rates for, the better likelihood of getting . You may even find the most savings is with the smaller companies.
Cheaper car insurance can be sourced on the web in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not provide rate quotes online and these smaller providers work with local independent agents.
Drivers who switch companies do it for a number of reasons such as not issuing a premium refund, questionable increases in premium, unfair underwriting practices and high prices. Regardless of your reason, switching companies is not as hard as you think.
For more information
More tips and info about car insurance is available at the Ohio Department of Insurance website. Ohio drivers can find out which companies have the most complaints, learn about specific coverages, and view a list of available companies.
The following information may also be useful.