Want to save money and find more competitive auto insurance rates in Columbus, IN? Buying auto insurance online can seem difficult if you've never compared online rate quotes. But don't be intimidated because finding affordable coverage is easier than you think.
Amazingly, nearly 70% of customers have bought auto insurance from the same company for four years or more, and 38% of drivers have never even shopped around for affordable coverage. Most drivers in Columbus could save an average of as much as $697 each year just by shopping around, but they feel it's too difficult to find affordable rates by getting comparison quotes.
Consumers need to do rate comparisons every six months since insurance prices go up and down regularly. Despite the fact that you may have had the best price on auto insurance two years ago you will most likely find a better rate today. Forget all the misinformation about auto insurance because you're about to learn how to quote online to find better coverage on auto insurance at a better price.
If you are paying for car insurance now, you will most likely be able to cut your premiums using the ideas presented in this article. The purpose of this article is to instruct you on the best ways to compare prices and also save some money in the process But Indiana vehicle owners do need to understand the way insurance companies set your policy premium because it can help you find the best coverage.
Most of the larger companies such as Allstate, GEICO and Progressive provide insurance quotes online. Getting online quotes is very simple as you simply type in the coverage amounts you desire as detailed in the form. Once you submit the form, the quote system will order reports for credit and driving violations and provides a quote based on these and other factors.
Getting online rates makes it easy to compare insurance prices and it's very important to do this if you want to find the lowest payment on car insurance.
To save time and find out how much you can save on car insurance, consider comparing rates from the companies shown below. To compare your current rates, we recommend you type in deductibles and limits just like they are on your policy. Using the same limits helps guarantee you will receive a price comparison for exact coverage.
The auto insurance companies shown below have been selected to offer comparison quotes in Indiana. If multiple companies are listed, it's a good idea that you visit two to three different companies to get the most competitive price.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LT AWD||$782||$391||$65|
|Chevrolet Silverado LT Crew Cab 2WD||$1,282||$641||$107|
|Dodge Grand Caravan Crew||$1,146||$573||$96|
|Dodge Ram Quad Cab SLT 2WD||$820||$410||$68|
|Ford Edge SE AWD||$930||$465||$78|
|Ford Escape Limited 4WD||$600||$300||$50|
|Ford Explorer Eddie Bauer 4WD||$680||$340||$57|
|Ford F-150 STX Super Cab 4WD||$962||$481||$80|
|Ford Focus S 4-Dr Sedan||$820||$410||$68|
|GMC Sierra SL Crew Cab 2WD||$1,318||$659||$110|
|Honda Accord EX 4-Dr Sedan||$924||$462||$77|
|Honda CR-V EX 2WD||$942||$471||$79|
|Honda Civic VP 4-Dr Sedan||$766||$383||$64|
|Hyundai Elantra GLS 4-Dr Sedan||$900||$450||$75|
|Hyundai Sonata GLS 4-Dr Sedan||$1,012||$506||$84|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,084||$542||$90|
|Toyota Camry LE||$742||$371||$62|
|Toyota Corolla XRS||$1,218||$609||$102|
|Get Your Own Custom Quote Go|
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in vehicle garaging location which can modify coverage prices considerably.
Full coverage rates compared to liability-only
The illustration below shows the comparison of Ford Escape insurance premiums when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, single female driver, and no other discounts are factored in.
Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.
When to switch to liability coverage only
There is no written rule for dropping physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Ford Escape settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after paying your policy deductible. If premium cost is more than $800 annually for physical damage coverage, then it could be time to drop full coverage.
There are some scenarios where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Do you qualify for discounts on auto insurance?
Companies offering auto insurance don't always advertise the complete list of policy discounts in a way that's easy to find, so the below list has both the well known and the harder-to-find credits that may apply to you.
- Federal Employees - Employees or retirees of the government may qualify for a discount when you quote Columbus auto insurance with certain companies.
- Student Discount for Driver Training - Make teen driver coverage more affordable by requiring them to successfully take a driver's education course in school or through a local driver safety program.
- More Vehicles More Savings - Having multiple cars or trucks with the same company may reduce the rate for each vehicle.
- Telematics Devices - Insureds that choose to allow companies to analyze when and where they use their vehicle remotely like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they have good driving habits.
- First Accident Forgiveness - This one isn't a discount, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage so long as you haven't had any claims before the accident.
- Columbus Homeowners Pay Less - Owning your own home or condo can earn you a little savings since home ownership is proof of financial responsibility.
- Paper-free Discount - Some larger companies give back up to $50 for buying a policy and signing up on the web.
Remember that many deductions do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, companies wouldn't make money that way.
A few popular companies and some of their more popular discounts are:
- State Farm offers premium reductions for safe vehicle, accident-free, Drive Safe & Save, driver's education, defensive driving training, and Steer Clear safe driver discount.
- GEICO has savings for emergency military deployment, good student, military active duty, seat belt use, and federal employee.
- Progressive may include discounts for online quote discount, online signing, multi-vehicle, multi-policy, homeowner, good student, and continuous coverage.
- 21st Century policyholders can earn discounts including good student, air bags, defensive driver, homeowners, theft prevention, teen driver, and driver training.
- American Family offers discounts including defensive driver, multi-vehicle, mySafetyValet, early bird, good driver, TimeAway discount, and air bags.
- The Hartford discounts include driver training, anti-theft, bundle, air bag, defensive driver, and good student.
- AAA has discounts for multi-car, AAA membership discount, anti-theft, education and occupation, multi-policy, and pay-in-full.
If you need lower rates, check with all the companies how you can save money. Some credits may not apply to policies everywhere.
Insurance agencies can help
Many people would prefer to sit down and talk to an agent and that is recommended in a lot of cases The biggest benefit of getting online price quotes is the fact that you can find cheap rate quotes and still have a local agent.
Upon completion of this form (opens in new window), the coverage information is emailed to local insurance agents who will gladly provide quotes for your auto insurance coverage. There is no need to find an agent on your own because prices are sent straight to your inbox. You'll get the best rates and a licensed agent to talk to. If you wish to get a price quote from a specific auto insurance provider, feel free to find their quoting web page to submit a rate quote request.
Picking an insurance company should include more criteria than just the premium amount. You should also get answers to these questions.
- Is insurance their full-time profession?
- Is the quote a firm price?
- Do you need full coverage on every vehicle?
- Do you work with a CSR or direct with the agent?
- How many years have they been established?
- Which insurance companies are they affiliated with?
The type of auto insurance agent you choose is important
When searching for a local Columbus insurance agency, you should know the types of agencies and how they can quote your rates. Agents may be either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
Agents of this type can only quote rates from one company and examples are State Farm, Allstate, and Farm Bureau. They are unable to compare rates from other companies so if the price isn't competitive there isn't much they can do. They are well schooled on what they offer which helps them sell insurance even at higher premiums. Some insured continue to purchase coverage from exclusives mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.
Independent Agencies or Brokers
Agents in the independent channel are normally appointed by many insurers so they can write business through many companies and find you the best rates. If prices rise, your policy is moved internally which requires no work on your part. If you are comparing auto insurance prices, it's recommended you get insurance quotes from several independent agencies to have the best price comparison. They also have the ability to place coverage with companies you've never heard of that may have much lower rates than larger companies.
Which policy gives me the best coverage?
When quoting and choosing coverage online or from an agent, there isn't really a perfect coverage plan. Every insured's situation is different.
These are some specific questions might help in determining whether or not you might need professional guidance.
- How much will a speeding ticket raise my rates?
- How do I file an SR-22 for a DUI in Indiana?
- Is a blown tire covered by insurance?
- I have health insurance so do I need medical payments coverage?
- Is coverage enough to protect my assets?
- Do I need medical payments coverage since I have good health insurance?
- How high should my uninsured/underinsured coverage be in Indiana?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does my vehicle need full coverage?
If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.
Smart consumers can reduce your rates
A large part of saving on car insurance is knowing the different types of things that go into determining the price you pay for car insurance. If you know what influences your rates, this enables you to make decisions that may reward you with lower car insurance prices.
- Cautious drivers pay less - Being a careful driver has a huge affect on how much you pay. Careful drivers tend to pay less for car insurance compared to bad drivers. Getting just one ticket could increase your next policy renewal substantially. People who have severe violations like reckless driving, hit and run or driving under the influence may be required to file a SR-22 with their state's department of motor vehicles in order to legally drive a vehicle.
- Can a thief steal your car? - Purchasing a vehicle with advanced anti-theft systems can help lower your rates. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.
- Your vocation is a factor - Jobs like lawyers, business owners and dentists tend to pay higher premium rates in part from job stress and long work days. On the other hand, occupations such as farmers, historians and performers get better rates.
- Youthful driver insurance prices - Older, more experienced drivers are viewed as being more responsible, cause fewer claims and accidents, and receive fewer citations.Youthful drivers are proven to be inattentive and easily distracted behind the wheel therefore car insurance rates are much higher.
- Raising deductibles lowers prices - Comprehensive and collision coverage deductibles state the amount of money you are required to pay if you file a covered claim. Physical damage protection, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of claims that would be covered are collision with another vehicle, damage from fire, and damage from wind. The more expense you pay before a claim is paid (deductible), the less your car insurance will be.
- Don't let your policy lapse - Not maintaining insurance is a misdemeanor and companies may charge more for letting your coverage have a gap. Not only will you pay higher rates, the inability to provide proof of insurance could result in a fine, jail time, or a revoked license.
Auto insurance is not optional in Indiana
Despite the high cost, auto insurance is required in Indiana but it also protects you in many ways.
- Most states have compulsory liability insurance requirements which means you are required to buy specific limits of liability if you want to drive legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your vehicle with a loan, most banks will require that you buy full coverage to ensure loan repayment if the vehicle is totalled. If you do not keep the policy in force, the bank will be required to insure your vehicle at an extremely high rate and require you to pay for the expensive policy.
- Auto insurance protects not only your car but also your financial assets. It will also cover medical bills for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. As of last year, the average driver in Indiana is overpaying over $830 a year so you should quote and compare rates every year to make sure the price is not too high.
Affordable auto insurance premiums are out there
A few companies don't offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents. Cheaper auto insurance in Columbus can be found from both online companies in addition to many Columbus insurance agents, so you need to compare both to have the best rate selection.
People change insurance companies for a variety of reasons including an unsatisfactory settlement offer, delays in paying claims, policy cancellation or even poor customer service. Regardless of your reason for switching companies, finding a new auto insurance company is not as difficult as it may seem.
We just showed you some good ideas how you can get a better price on auto insurance in Columbus. The key thing to remember is the more rate comparisons you have, the higher your chance of finding the cheapest Columbus auto insurance quotes. You may even discover the best price on auto insurance is with a smaller regional carrier.
Additional auto insurance information can be found below:
- Red Light Cameras (State Farm)
- How Much is Auto Insurance for Ride Shares in Indiana? (FAQ)
- What Insurance is Cheapest for High School Students in Indiana? (FAQ)
- How Much are Auto Insurance Quotes for Good Students in Indiana? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Business Use in Indiana? (FAQ)
- Who Has the Cheapest Indiana Car Insurance for Felons? (FAQ)
- Who Has Affordable Auto Insurance for Low Credit Scores in Indiana? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)