If you’ve ever wondered why your car insurance premium is what it is, you’re not alone. At DiStefano Insurance, we often hear questions like, “Why did my rate go up?” or “How can I lower my premium?” The truth is, several factors go into calculating your car insurance rate—and some might surprise you.
Here’s a breakdown of the most common factors that affect your auto insurance rates in Ohio:
1. Your Driving Record
This one’s no surprise. If you have a clean driving history with no accidents or traffic violations, you’re likely to pay less. On the flip side, speeding tickets, at-fault accidents, or DUIs can significantly increase your premium.
Tip: Drive safely and consider taking a defensive driving course to potentially lower your rate.
2. Your Location
Where you live in Ohio matters. Urban areas like Cleveland or Columbus may have higher rates due to increased traffic and accident risk, while rural areas might see lower premiums.
3. Your Vehicle
The make, model, and year of your car can impact your rate. Newer or high-performance vehicles often cost more to insure due to repair costs or theft risk.
Tip: If you’re shopping for a new car, ask us for a quote comparison before you buy.
4. Your Age and Experience
Younger drivers—especially teens—typically pay more because they’re statistically more likely to be involved in accidents. Rates usually decrease with age and experience, especially after age 25.
5. Credit History
In Ohio, insurance companies can use your credit-based insurance score to help determine your rate. A better score often means a lower premium.
6. Coverage Levels and Deductibles
The more coverage you choose, the higher your premium. But raising your deductible (the amount you pay out of pocket in a claim) can lower your monthly cost.
7. Discounts You Qualify For
Many drivers miss out on discounts they’re eligible for. At DiStefano Insurance, we help you find savings like:
- Multi-policy (bundling home and auto)
- Safe driver
- Good student
- Low mileage
- Paid-in-full
Understanding what affects your car insurance rate can help you make smarter decisions—and potentially save money. At DiStefano Insurance, we’re here to help you find the right coverage at the best possible price.
Want a free, no-obligation quote?
Contact us today or stop by our office in Canal Fulton—we’re local, independent, and here for you.