10 Methods to Save on Car Insurance in Newark, OH

Overpriced car insurance can dwindle your savings account and put a big crunch on your finances. Comparing price quotes is free, only takes a few minutes, and is a good way to tighten up your finances.

Drivers have so many insurers to buy insurance from, and though it is a good thing to be able to choose, lots of choices makes it harder to compare rates.

Vehicle Insurance Comparison

There are a lot of ways to compare car insurance quotes, and some are less time-consuming than others. You can waste a few hours (or days) talking to agents in Newark, or you could use the web to accomplish the same thing much quicker.

Many companies participate in a marketplace where insurance shoppers submit their information once, and each participating company can provide price quotes based on that information. This prevents consumers from doing form submissions for each company.

To find out how much you can save on car insurance click here to start a free quote.

The one disadvantage to doing it this way is you are unable to specify the providers to receive prices from. So if you prefer to choose specific insurance companies to compare rates, we have assembled a list of low cost car insurance companies in Ohio. View list of Ohio insurance companies.

However you get your quotes, compare the exact same coverage information with every price quote. If you have differing limits you can’t possibly make an equal comparison in Newark. Quoting even small variations in limits can mean a large discrepancy in price. And when price shopping your coverage, comparing a large number of companies will improve the odds of getting a better price.

These ten discounts can lower your rates

Properly insuring your vehicles can get expensive, but you can get discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be inquired about before being credited.

Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance.
Low Mileage Discounts – Keeping the miles down can qualify you for discounted rates on garaged vehicles.
Claim Free – Drivers with accident-free driving histories pay less compared to drivers who are more careless.
Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
Good Student – This discount can get you a discount of up to 25%. The discount lasts until age 25.
Multiple Policy Discount – If you have multiple policies with the same company you may save approximately 10% to 15%.
Lower Rates for Military – Being on active duty in the military can result in better rates.
Use Seat Belts – Requiring all passengers to wear their seat belts could cut 10% or more off your medical payments premium.
Save over 55 – If you’re over the age of 55, you may receive a discount up to 10%.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will reduce the amount you have to pay.

To see a list of insurers who offer car insurance discounts in Newark, click this link.

Aren’t my neighborhood agents an option?

Some consumers just want to talk to a local agent and that is OK! One of the best bonuses of getting online price quotes is you may find the best rates and still choose a local agent. Supporting small agencies is definitely important in Newark.

By using this simple form, your information is submitted to participating agents in Newark who will compete to get your business. You don’t have to drive around since price quotes are sent immediately to your email address. How’s that for easy! You’ll get the best rates and a licensed agent to work with.

Auto insurance agents in Newark come in two varieties

When researching a reliable agent, there are two different types of agents from which to choose. Agents can either be captive or independent.

Independent Insurance Agents

Independent insurance agents do not work for one specific company so they can insure your vehicles with lots of companies depending on which coverage is best. To transfer your coverage to a different company, an independent agent can move your coverage without you having to go to a different agency. When comparing rates, we recommend you include price quotes from multiple independent agents to have the most options to choose from.

Below are independent insurance agents in Newark that may be able to provide rate quotes.

Specialty Auto Insurance – 1335 Granville Rd – Newark, OH 43055 – (740) 344-2020
Lewis A Clark Insurance – 33 W Main St # 101 – Newark, OH 43055 – (740) 345-7172
Campbell Agency Inc – 231 Hudson Ave – Newark, OH 43055 – (740) 345-1916

Agency Captives

These agents are contracted to one company like American Family, Liberty Mutual and AAA. These agents are unable to give you multiple price quotes so keep that in mind. They are usually quite knowledgeable on their company’s products which helps them sell insurance even at higher premiums. insurance quote Newark OH

Shown below are captive insurance agencies in Newark that are able to give price quote information.

State Farm Insurance – 974 N 21st St # B1 – Newark, OH 43055 – (740) 366-3395
American Family Insurance – 14 E Locust St – Newark, OH 43055 – (740) 349-7048

For a full directory of captive insurance agencies in Newark, simply jump to this page.

Selecting an insurance agency should depend on more than just the bottom line cost. Ask your prospective agent these questions:

Is their price quote a firm figure or are their hidden costs?
Do they have any clout with companies to ensure a fair claim settlement?
If your car is totalled, how to they determine the replacement cost?
Do they assist clients in filing claims?
Is vehicle mileage a factor when determining depreciation for repairs?
Do the coverages you’re quoting properly cover your vehicle?
Which company do they place the most coverage with?

Once you have received satisfactory answers and locked in a price quote, you’ve probably found an insurance agency that is a good match to provide car insurance coverage.

You are unique and your car insurance should be too

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that can aid in determining whether you may require specific advice.

Is there coverage for injuries to my pets?
Do I qualify for additional discounts?
Will I lose any money if I cancel my policy before it expires?
Do I need PIP coverage since I have good health insurance?
Do I have coverage when making deliveries for my home business?
Am I covered when driving someone else’s vehicle?
I have good health insurance, so how much medical payments coverage do I need?
Exactly who is provided coverage by my policy?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Are you falling for claims of savings?

Car insurance providers like 21st Century, Allstate and State Farm continually stream television and radio advertisements. They all make the same claim that you can save after switching your coverage to them. How can each company make the same claim?

All companies have a preferred profile for the type of driver that makes them money. A good example of a profitable customer might be profiled as between the ages of 40 and 55, has no driving citations, and has a short commute. Any driver that hits that “sweet spot” receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential customers who don’t qualify for these standards will have to pay higher rates and this can result in the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that much money. This is how companies can truthfully state the savings.

Because of the profiling, you should get quotes from several different companies. It’s not possible to predict which car insurance company will provide you with the cheapest rates.

Coverages available on your policy

Understanding the coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on the average car insurance policy.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your vehicle.

Since many Ohio drivers only carry the minimum required liability limits (12,500/25/7,500), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, fire damage, falling objects, damage from a tornado or hurricane and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses for X-ray expenses, hospital visits, rehabilitation expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

This provides protection from injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as attorney fees, medical services, repair costs for stationary objects, court costs and loss of income. How much liability should you purchase? That is your choice, but buy as much as you can afford. Ohio state minimum liability requirements are 12,500/25,000/7,500 but drivers should carry better liability coverage.

Coverage for collisions

This coverage pays for damage to your vehicle caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a ditch, colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Final thoughts

We’ve covered a lot of tips how to get a better price on car insurance. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding lower rates. You may even find the best price on car insurance is with a company that doesn’t do a lot of advertising. Regional companies can often provide lower rates in certain areas compared to the large companies like State Farm, GEICO and Nationwide.

When buying insurance coverage, do not skimp on coverage in order to save money. There are too many instances where an insured cut comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your aim should be to buy a smart amount of coverage at an affordable rate.

Cheaper car insurance can be purchased from both online companies as well as from independent agents in Newark, and you should be comparing both to have the best selection. Some insurance companies don’t offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

Additional information can be found on the website for the Ohio Department of Insurance. Click here for link. Ohio drivers can find out which companies have the most complaints, get help finding coverage, and find a variety of consumer forms.

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