Ohio auto insurance rates can significantly impact an individual’s overall driving costs in the state. Once you have purchased your car, your main expenses will be gas, the occasional repair or tune up, and your insurance rate, which will probably be the bulk of your monthly driving expenses.
That is why you should always be on the lookout for the best car insurance quotes. But what sorts of factors are taken into consideration when auto insurance companies provide your quotes? There are many, and factors differ from company to company, but there are a handful that remain significant across all insurers.
Here are just a few of the factors that can influence Ohio auto insurance rates:
Where You Live
The city where you live and even your zip code, subdivision, major cross streets, and neighborhood can influence your insurance rates. For example, if you live in an area with a lot of crime, that can raise your rates. If you live in an area that has a record of high accidents or high repair costs, that can also raise your rates.
There are a number of other characteristics about where you live that can influence the sorts of quotes that you get. Check out Ohio auto insurance rates by city to see local specifics. It’s often surprising to many drivers that a nearby city can have an insurance rate difference of up to $400!
What You Drive
It is a no-brainer that if you drive an old Pinto, your insurance rates will be lower than if you were to drive a Mercedes. This is because more expensive vehicle parts will be more expensive to repair if the driver were to get into an accident while driving a Mercedes versus a Pinto. More expensive cars are also more vulnerable to theft, so the insurance rate for such vehicles will be much higher.
Other vehicular factors can also influence your quotes, such as the safety features, including airbags or anti-lock brakes, that are available in your car. If you are currently looking to buy a new car with the cost of insurance in mind, make sure to pay attention to features like an alarm system that can positively affect your insurance rates.
The reasoning behind this is if your car has a functioning burglar alarm, it will be less likely to be stolen. If it has safety features, you and your passengers are less likely to have serious injuries than if those features weren’t there, which means less of a payout for medical expenses on the part of insurers.
How Much You Drive
If you are on the road a lot, your Ohio auto insurance rates will undoubtedly be higher. On the other hand, if you use your vehicle only to travel to and from church every Sunday, you will probably pay much lower rates. Ohio auto insurance companies will often ask how many miles you drive to and from work on a weekly or monthly basis in order to help them determine your insurance rate. This is due to the reasoning that the less you are on the road, the less chance you have of getting into an accident.
Your Driving Record
One of the most significant factors of your insurance rate is your personal driving record. Do you have a lot of traffic citations or a DWI? Expect to pay more for auto insurance if your answer is yes. Even one citation for a minor traffic violation can sometimes raise your rates. This is so because it is in the insurance company’s best interests to assign higher quotes to higher-risk drivers, since they are more likely than the average driver to get into an accident. If this sounds unfavorable to you, endeavor to always drive safely.
While Ohio has minimum coverage limits that all drivers should maintain, you can voluntarily choose to carry much more insurance to cover yourself against losses in a serious accident. There are multiple optional policies that can be added to your policy, including uninsured motorist protection or GAP coverage. Choosing higher coverage limits or optional policies like these will raise your rate, but they will also protect you better against greater losses in accidents.
There are many other variables that affect your Ohio auto insurance rates, including your age, marital status, driver education, and more. Using our quote finder on the right can help you list these variables and see how they affect your car insurance rates. It’s that simple!