Having good car insurance should be a priority for every driver, but it can be difficult to understand why something that you may never even use costs so much. Here are a few reasons why auto insurance is required in Ohio and how it can benefit you.
The state of Ohio requires all vehicles to be insured for a minimum amount of liability. These limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage. If you want to drive, you have to be insured. Failure to carry coverage can result in license revocation and significant fines.
If you took out a loan on your vehicle, it’s most likely the lender will have a requirement that you buy full coverage to guarantee their interest in the vehicle. If you default on your policy, the lender will be forced to insure your vehicle for a lot more money and make you pay the higher premium.
Insurance safeguards both your assets and your vehicle. It also can pay for medical transport and hospital expenses that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you cause an accident and are sued. If you have damage to your vehicle as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance more than offset the price you pay, particularly for liability claims. It can be difficult to pay the monthly premiums since you may not have a claim, but drivers who have had claims will more than likely say they were glad they had coverage.
How much does auto insurance cost in Cleveland
Car insurance rates are calculated based on many different variables, but one of the primary factors is the car, truck, or SUV you are insuring. The pricing data below details price estimates for popular vehicles insured in Cleveland.
| Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
|---|---|---|---|
| Chevrolet Silverado LTZ Extended Cab 2WD | $616 | $308 | $51 |
| Dodge Grand Caravan SXT | $550 | $275 | $46 |
| Dodge Ram Quad Cab TRX4 Off Road 4WD | $626 | $313 | $52 |
| Ford Escape Limited 2WD | $466 | $233 | $39 |
| Ford F-150 STX Regular Cab 4WD | $510 | $255 | $43 |
| Ford Focus SES 4-Dr Sedan | $556 | $278 | $46 |
| Honda Accord LX 4-Dr Sedan | $456 | $228 | $38 |
| Honda CR-V EX-L 4WD | $466 | $233 | $39 |
| Honda Civic LX 4-Dr Sedan | $556 | $278 | $46 |
| Honda Odyssey LX | $500 | $250 | $42 |
| Hyundai Sonata Limited 4-Dr Sedan | $616 | $308 | $51 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $556 | $278 | $46 |
| Mazda 3 I Sport 4-Dr Sedan | $538 | $269 | $45 |
| Nissan Altima 2.5 4-Dr Sedan | $538 | $269 | $45 |
| Toyota Camry LE | $538 | $269 | $45 |
| Toyota Corolla S | $566 | $283 | $47 |
| Get Rate Quotes for Your Vehicle Go | |||
Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in garaging location in Cleveland which can revise premium rates greatly.
Drive safe and save
The example below shows how traffic citations and at-fault claims raise insurance costs in Cleveland for different age groups of insureds. The information is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
How to find cheaper Cleveland car insurance rates
The best way to save on car insurance rates is to start doing an annual price comparison from insurance carriers in Cleveland. Rate comparisons can be done by completing these steps.
- Learn about how insurance companies determine prices and the things you can control to prevent rate increases. Many things that are responsible for high rates like high-risk driving behaviors and a low credit rating can be eliminated by making minor changes in your lifestyle.
- Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive or Allstate, while agents who are independent can quote prices for a wide range of insurance providers.
- Compare the new quotes to your current policy premium and see if you can save money. If you can save some money and decide to switch, make sure coverage is continuous and does not lapse.
When comparing price quotes from different insurance companies, make sure you use the same deductibles and liability limits for each quote. If you use different values, it can be impossible to make a fair comparison to determine which car insurance is cheapest in Cleveland.