Many insurance companies will ask you how many miles you drive and will factor them into your car insurance rate. The more miles you drive, the higher your fare could be. At Progressive, in most states, we ask you how many miles you drive to work. While this is the minimum amount of coverage you need to drive in the state, it may not meet your individual financial needs.
Insurance companies reward experience and, as a result, older drivers tend to have significantly lower insurance rates than their younger or adolescent counterparts. However, drivers who choose not to purchase auto insurance must show that they have sufficient funds to meet the state's financial responsibility requirements (PDF) in the event that they cause an accident. The main reason why car insurance is mandatory in almost every state is because of your personal liability (liability) if you cause an accident. Nick is a licensed insurance agent and co-owner of All About Insurance and has more than 14 years of experience specializing in personal line insurance.
Minimum-liability car insurance policies cover medical bills and damage to other people's property in accidents you cause. With affordable car insurance (such as an exclusive liability policy), you can continue to use the standard services offered by the company, such as mobile identification cards and digital applications. If you want more protection on the road, consider buying a full coverage plan, which includes comprehensive auto, collision and liability insurance. While there is a greater risk in choosing less coverage, buying a minimum coverage policy could save you a substantial amount on car insurance.
What you pay for car insurance in Ohio varies by company and depends on factors such as your age, how long you've been driving and your driving record, so it's important to compare quotes from several insurers to get the best rate. Until you have a more established driving record, it may be cheaper to stay on a family member's car insurance policy at first. You can change insurers at any time, even if you just renewed your policy with another insurance company. Insurance generally includes the car, so the insurance for the car you're driving will be used in the event of an accident.
The cheapest local auto insurance companies are Grange, Erie Insurance, Country Financial, Auto-Owners Insurance, and Elephant Insurance. The difference in incidents for each age group is often why younger drivers pay more for car insurance. Insurance quotes are estimates that may change if the insurance company discovers that you provided incomplete information.