We don’t have to point out that fact that auto insurance companies want to keep you from comparing prices. Insureds who shop around for cheaper prices will, in all likelihood, buy a different policy because there is a significant possibility of finding a lower-cost company. A recent survey found that drivers who faithfully checked for cheaper rates saved $3,400 over four years compared to people who never compared other company’s rates.
If finding the most affordable car insurance in Columbus is your intention, then having a grasp of the best ways to shop for coverage rates can save time and make the process easier.
If saving money is your primary concern, then the best way to get more affordable Chevy SS insurance is to regularly compare prices from providers that insure vehicles in Columbus.
- Step 1: Learn about how companies set rates and the modifications you can make to prevent expensive coverage. Many risk factors that drive up the price such as traffic violations and a bad credit rating can be remedied by making minor changes in your lifestyle. This article provides more information to get affordable coverage and find discounts that you may qualify for.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive and State Farm, while agents who are independent can quote prices for a wide range of companies. View a list of agents
- Step 3: Compare the new rate quotes to the premium of your current policy and determine if cheaper SS coverage is available in Columbus. If you find a lower rate and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Notify your current company of your intention to cancel your current car insurance policy. Submit the signed application along with the required initial payment to your new company or agent. As soon as you can, put the new certificate of insurance along with your vehicle registration.
A good tip to remember is that you’ll want to make sure you compare identical deductibles and limits on every quote and and to look at every company you can. Doing this guarantees an accurate price comparison and and a good selection of different prices.
Eight factors that affect insurance prices
One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that help calculate the price you pay for insurance. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in better insurance rates. Lots of things are used in the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, although others are not as apparent such as whether you are married or how safe your car is.
Increase deductibles and save – Deductibles for physical damage are how much you are willing to pay before your insurance pays a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be colliding with a stationary object, animal collisions, and having a roll-over accident. The larger the amount you’re willing to pay, the bigger discount you will receive.
Policy add-ons add up – There are a lot of optional add-on coverages that you can buy if you don’t pay attention. Coverages for roadside assistance, towing, and Farm Bureau memberships are some examples. They may sound like good ideas when discussing your needs, but your money might be better spent on other coverage so consider taking them off your policy.
Type of car determines base premiums – The performance level of the vehicle you need insurance for makes a huge difference in determining your rates. Smaller low performance passenger cars usually have the lowest premiums, but the cost you end up paying is determined by many additional factors.
Excellent credit scores equal low costs – Having a good credit score can be an important factor in calculating your premium rate. So if your credit is low, you could be paying less to insure your Chevrolet SS by taking the time to improve your credit score. Consumers who have high credit ratings tend to be less risk to insure than drivers who have poor credit scores.
Why do you need liability protection? – A critical coverage on your policy, liability insurance is the protection if ever you are found to be at fault for damages caused by your negligence. This coverage provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive compared to other policy coverages, so insureds should have plenty of protection for their assets.
Cars with good safety ratings lower prices – Safer cars get lower rates. Safer cars protect occupants better and fewer serious injuries translates directly to fewer claims which can mean better rates for you.
High premiums for younger drivers – Older insureds are more cautious drivers, cause fewer claims and accidents, and receive fewer citations. Drivers with little experience are proven to be more careless when behind the wheel therefore insurance rates are much higher.
You might get higher rates if you are single – Being married can get you a discount on your insurance bill. Having a spouse generally demonstrates drivers are more financially stable and statistics prove drivers who are married are more cautious.
Chevy SS claim probability – Insurers take into consideration historical loss data for every vehicle as a tool for profitable underwriting. Models that have increased claim numbers or amounts will have higher rates. The table below shows the loss history for Chevy SS vehicles.
For each coverage type, the loss probability for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers below 100 suggest losses that are better than average, while percentage values above 100 point to more frequent losses or a tendency for losses to be larger than average.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
More quotes mean more insurance savings
We just presented a lot of tips how to get a better price on Chevy SS insurance in Columbus. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting low cost Columbus auto insurance quotes. Consumers may even find the best price on insurance is with a small mutual company. They may often insure only within specific states and give better rates than the large multi-state companies such as Progressive or GEICO.
As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. In too many instances, consumers will sacrifice collision coverage only to regret that the savings was not a smart move. Your strategy should be to buy enough coverage for the lowest price while still protecting your assets.
Additional insurance information is located at the links below
- Understanding Limits and Deductibles (Allstate)
- Who Has Cheap Columbus Auto Insurance Rates After a Speeding Ticket? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Business Use in Columbus? (FAQ)
- Who Has Affordable Auto Insurance Rates for Young Drivers in Columbus? (FAQ)
- Who Has the Cheapest Columbus Auto Insurance for Teachers? (FAQ)
- Who Has the Cheapest Columbus Auto Insurance Rates for Immigrants? (FAQ)
- Who Has Affordable Car Insurance for Active Military in Columbus? (FAQ)
- Who Has Affordable Auto Insurance for a Chevrolet Traverse in Columbus? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Help Your Teen Be a Better Driver (State Farm)