Tell your car insurance company if you get married, so your wallet can benefit from positive statistics. Factors that can increase your insurance rates include negative information, such as adding traffic violations to your driving record, driving more, increasing your insurance coverage and reducing your deductibles. Some of the factors used to calculate car insurance premiums are outside your direct control, but there are still steps you can take to save on insurance. That said, our research indicates that some of the state's cheapest auto insurance companies include Erie, State Farm, and USAA.
Even though car insurance rates in Ohio are cheaper than the national average, many drivers may be looking to save more money on their policy. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer. Some of the factors that affect car insurance rates are within your control, such as your credit history and whether you have ever been convicted of driving while intoxicated. All major insurance companies use a credit-based insurance score to calculate premiums when allowed by law.
Your state of residence is one of the factors that most affect car insurance rates, since the premiums for minimum state coverage vary up to 318%. Car insurance companies prefer to insure safe vehicles, as they are less likely to result in costly claims. On the other hand, if you have good credit, you can save a little money on car insurance in the other 47 states. Young drivers typically pay some of the highest average car insurance rates because they have the least amount of driving experience and a high frequency of accidents.
The best way to reduce your car insurance premiums is to compare prices between insurers, take advantage of all the discounts you can, and adjust your coverage to fit your budget. For example, in California, insurance companies cannot use gender or credit history when calculating insurance premiums, so those factors would not affect insurance rates for California residents.
