Cheapest Car Insurance Quotes for Teachers in Ohio

It’s hard to avoid all the ads from auto insurance companies like Allstate, Nationwide, and State Farm claiming big savings, so you should just pick one at random, right?

It’s not that simple, unfortunately, as there are a whole bunch of unknown elements like if you have a tendency to get into accidents, whether you just need liability insurance, your current insurance company, and the safety ratings of your vehicle. The content below will cover the best ways to find cheap auto insurance and will give you a good start in finding the cheapest car insurance.

The vehicle on the policy is one of the primary factors when shopping for the cheapest car insurance for teachers in Ohio. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.

The information below presents coverage costs for a number of the most budget-friendly automobiles to buy insurance for.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in Ohio location which can influence rates significantly.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can change rates greatly.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate information does not factor in zip code location which can modify auto insurance rates greatly.

Comparing quotes for cheap car insurance is not most people’s favorite thing to do, and deciding which companies have the lowest-priced auto insurance rates for teachers requires additional perseverance. Coverage prices could be slightly better than the average rate in Ohio, with the lower price attributed to the decrease in risk that comes with offering insurance for teachers and educators. Competitive coverage should be easy to buy from many providers.

Every auto insurer uses a little different formula to determine premium rates, so to begin we’ll rank the most competitive auto insurance companies in Ohio. It’s important that readers know that Ohio auto insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. That is why Ohio drivers need to take the time to shop around to find the most economical insurance rates for teachers. Car insurance prices consist of many different factors and can change without notice, so the most affordable company a year ago may now cost much more than other companies.

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Utica National has some of the best car insurance rates in Ohio at around $654 annually. Erie, Allied, Frankenmuth, and Travelers also rank well as some of the most economical Ohio insurance companies.

As the example above demonstrates, if you currently have a policy with Allied and switched to Utica National, you could earn a yearly price reduction of around $36. Ohio drivers with Frankenmuth might save as much as $47 a year, and Travelers insureds might reduce prices by as much as $51 a year.

These prices are averaged for all drivers and vehicles and do not factor in a price discount for teachers. So the auto insurance company that can offer the best rates for your situation may not even be featured in the rate chart shown above. That is why you need to get rate quotes using your own personal information and vehicle type.

For Ohio drivers, one of the things that car insurance companies take into consideration when calculating the price you pay for insurance is your address in Ohio. Regions with more people or even just more weather-related claims like Toledo, Cleveland, and Cincinnati tend to pay higher rates, whereas less populated areas tend to receive cheaper rates.

The table below illustrates the higher priced cities in Ohio for teachers in which to buy car insurance.

Rates are approximated as zip code location can raise or lower prices considerably.

Rate comparison of full coverage and liability-only

Finding the cheapest car insurance for teachers in Ohio is important to most people, and one easy way to lower the cost of insurance is to not buy comprehensive and collision coverage. The illustration below visualizes the comparison of premium costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied.

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As an average, physical damage coverage costs $1,750 per year over and above liability only. That is a large expense and it proposes the question if paying for full coverage is a waste of money. There is no set rule for dropping comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $9,500 after paying your policy deductible. If you are paying more than $950 annually for physical damage coverage, then you might consider buying liability only.

There are a few situations where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not buy liability only.

Auto insurance rates are higher with tickets and accidents

A great way to find cheap auto insurance rates for teachers and educators is to drive attentively and avoid accidents and violations. The example below demonstrates how traffic citations and at-fault fender-benders can influence insurance premiums for different ages of insureds. The rate quotes are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 1407,1707,2011],[‘Age 30’, 731,1035,1341],[‘Age 40’, 713,1015,1321],[‘Age 50’, 657,961,1263],[‘Age 60’, 647,947,1251],[‘Age 70’, 759,1061,1365]]);var options = {title: ‘Impact of Tickets and Accidents on Ohio Auto Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the example above, the average cost of a car insurance policy in Ohio per year with no violations or accidents is $819. Factor in two speeding tickets and the average cost rises to $1,121, an increase of $302 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for teachers increases to an average of $1,425. That’s an increase of $606, or $51 per month, just for not maintaining a clean driving record!

How to find budget-friendly insurance for teachers

It is possible to find better rates, and here are a few penny-pinching solutions that can help Ohio drivers buy more affordable auto insurance.

• Save money by only buying liability coverage for older vehicles
• Avoid having at-fault accidents
• Bundle home or renters insurance to earn a discount on car insurance
• Buy vehicles with five-star safety ratings
• Higher credit ratings may save you money
• Compare rate quotes often

The last item on the list is incredibly critical, as we noted in the prior article. Insurance prices vary considerably, so drivers shouldn’t hesitate to switch carriers if a better rate can be found. We understand brand loyalty, but it’s not recommended if your bullheadedness ends up costing you money that could be spent on other things. Take a few minutes and compare prices and find cheaper car insurance for teachers.