Cheap Car Insurance in Parma, OH

If you are searching for cheap auto insurance in Parma, OH, then we’re excited that you’re here. We help drivers like you on a daily basis find the best rates for their auto insurance coverage. We understand that it can be hard to search for a fairly priced policy which also gives you the coverage you need from a reputable company – so let us do the hard work for you. What have you got to lose?

Parma, Ohio has been around in one way or another since 1806. Back then, it was known as a quaint little place called Greenbriar. It grew over time into a township, then a village, and it has been known as the City of Parma since the early 1930s. Parma is also one of the most famously safe cities in the entire country. Neighborhood Scout awarded Parma 3rd place in the category of “safest city in the US with a population of at least 25,000 people”. that same year, it earned a score of 90 on the national crime index, indicating that it was in the top 10% of safest cities in the country.

  • Fun fact: Speaking of safety in Parma, this city has also earned the distinction of having the #1 lowest number of auto thefts per capita. For more information on Parma, Ohio and it’s safe parking spaces, go ahead and click that link.

Auto Insurance Coverage Requirements in Ohio

Driving legally in Parma requires:

CoverageRequirementsMost Common
Bodily Injury Liability12,500/25,000100,000/300,000
Property Damage Liability7,500100,000
Uninsured Motorist Bodily InjuryNot required100,000/300,000
Medical PaymentsNot required5,000
CollisionNot required500 deductible
ComprehensiveNot required0 deductible

So which one of the columns above are you more likely to shop from: the minimum requirements column, or the recommended column? Part of this depends on not just a vehicle you drive, but the assets you want to protect. Leased vehicles, financed vehicles, and more expensive vehicles in general will require more coverage from either the dealership or your bank. You may also want to invest in larger amount of liability coverage to keep from getting sued and having your assets taken if you cause a very serious accident. But if none of the above really applies to you, you might be able to save some money by scaling back your coverage.

The data we’ve looked at shows that most Ohio drivers are paying about $77 each month to maintain decent car insurance coverage. But we bet there’s a good chance you could save even more than that. Comparison shopping is the best way to do that – but it can be time-consuming and tedious if you don’t know how to do it right. But we would love to show you how so you can start saving money today!

Average Monthly Auto Insurance Premiums Legend: Parma Founders Safe Auto Dairyland SAFECO The General 10 20 30 40 50 60 70 80 90 100 $51 $50 $50 $78 $107

There’s almost a three-way tie between Dairyland, Founders, and Safe Auto going on in Parma right now. But this chart only really shows you how much each company is charging for their prices. It doesn’t accurately reflect important details like customer service or financial stability. For that, you’re going to have to take a much deeper and closer look into their business practices. And we can help you with that, too.

Companies that will sell you Ohio auto insurance do so believing that the risk is worth the reward – and in their case, the reward is the profit which comes from you paying your premiums on time each month and filing few – if any – claims. But how do they know whether or not you will file a claim? The short answer is math. Specifically, statistics. They calculate many different statistical variables based on your personal driving history and your personal circumstances and come up with a magic number that shows how likely you are to get into an accident and need to file a claim. And they use that number to determine how much you should pay each month for your coverage.

Major Car Insurance Factors in Parma

Let’s begin by talking about some of the most important factors which can identify your risk as a driver. The higher the risk you rack up, the more you will have to pay for your monthly premiums. For starters, let’s take a look at how your location can determine whether or not you pose a higher risk than the average driver:

Your Zip Code

There are 79,423 people who call Parma their home. Of those, each household brings in about $52,446 of income per year. So what does this mean for you and your car insurance prices? Well, population statistics can help show how many other drivers are going to be on the road with you. The more motorists you’re sharing the road with, the more likely you are to get into an accident. Sometimes medium income levels can reflect property value statistics, which may also send your monthly premiums swinging and one direction or another.

Auto Insurance by Zip Code Legend: Parma Columbus Cleveland Founders Safe Auto The General 10 20 30 40 50 60 70 80 90 100 $51 $33 $26 $50 $25 $38 $107 $46 $44

Automotive Accidents

The more favorable the accident statistics are in your town, the more likely you are to get a better deal on your monthly insurance premiums. As you can tell from the data below, Parma is one of the safest cities to drive in when it comes to deadly accidents. This is some very helpful information to know when you are negotiating your rates with your car insurance company.

Fatal Accidents in Parma, OH Legend: Parma Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 1 2 3 2 3 1 2 3

Auto Thefts in Parma

As we’ve already discussed above, Parma is one of the safest cities in which to park your car at night. The most recent data shows only 119 vehicles stolen during the survey year. Now we feel the need to point out that this number is higher than the year prior, and it has indeed been lower than that in years before the most recent data. However, you should still try and leverage Parma’s safe reputation in your favor when negotiating prices with your insurance company.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Founders SAFECO The General 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 $51 $166 $78 $78 $107 $114

Your Credit Score

Ohio is one of 47 states where auto insurance companies are legally allowed to use your credit information in order to determine your insurance premiums. They don’t necessarily use all of your credit history, but they do pay very close attention to your credit history with regard to other insurance companies and products. And the better your credit, the lower the rate you can expect to pay each month.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Founders SAFECO The General 10 20 30 40 50 60 70 80 90 100 110 120 130 $51 $51 $78 $93 $107 $132

Your Age

Young drivers have one heck of an uphill battle when it comes to finding affordable auto insurance rates. There are a few different reasons for this. Teenagers are less likely to take their driving responsibilities seriously and engage in dangerous behaviors like distracted driving or driving under the influence. If you are a young driver, you can help yourself out by providing proof of good grades and getting as much driver’s education as you can. You may also want to ask your parents if you can bundle onto their family policy.

Auto Policy Age Comparison Legend: 17 Year Old Driver 35 Year Old Driver Founders SAFECO The General 35 70 105 140 175 210 245 280 315 350 385 $402 $51 $150 $78 $277 $107

Your Driving Record

What is your driving record like? The fewer tickets and accidents you have in your recent past, the less expensive your premiums will be. Ideally, you want to have a completely clean driving record. That’s what will get you the most affordable premium. But even if you don’t, all it takes is a little time. Once those driving violations are 3 to 5 years into your past, they will no longer count against you.

Driving Violations Legend: Perfect Record Minor Violation Major Violation Founders SAFECO The General 20 40 60 80 100 120 140 160 180 200 220 240 260 $51 $88 $272 $78 $159 $159 $107 $151 $162

Your Vehicle

Many different individual factors about your vehicle will make certain models more expensive to insure than others. Sports cars, cars with fewer safety features, and certain older vehicles are less safe to insure. Leased vehicles and recently financed vehicles will probably cost more to cover because your dealership or your bank will require you to carry more coverage on them as part of their terms. Regardless of age or how you pay for it, the more expensive the vehicle, the more expensive your coverage will likely be.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Founders SAFECO The General 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 $51 $168 $78 $110 $107 $179

Minor Car Insurance Factors in Parma

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

Contrary to popular belief, divorce rates have actually been going down over the past decade or so. People are doing the smart thing and taking longer to get married, which means that the pair bonds they form are more solid and capable of lasting for many years. Why not solidify your union that much more by bundling your car insurance policies together with the same company? Your auto insurance provider will reward your dedication and commitment with at least a 10% discount, if not more.

Your Gender

Here’s a question: are men the more dangerous drivers because of all that testosterone and the aggressive nature which some men embrace when they’re behind the wheel? Or are women poorer drivers because they tend to panic and slip up in scary situations? More importantly: does your insurance company even care? In the past, some providers did charge different rates based on gender alone. But more and more companies are leaving this practice behind and starting to charge men and women the same. It might be a good idea to contact your insurance company and see where they stand on this practice.

Your Driving Distance to Work

It seems like the traffic conditions in Parma can be a little hit-or-miss. Most drivers can spend as little as 10 or as much as 25 minutes commuting to work on any given day, while a not-insignificant chunk of motorists can spend as long as 35 minutes during their commute. It might have something to do with the larger percentage of motorists on the road – up to 85% on any given day – who drive by themselves into work. Only about 7% of the workforce carpools and there aren’t very many other people taking alternate transportation or working from home.

Did you have a good idea of how many miles to drive each year? If not, you may want to start keeping track. This is especially true if you suspect that you might drive fewer miles than the average bear. Guesstimating your mileage could get you a modest discount of about 2% to 3% off your monthly premiums. Or you could see if your auto insurance provider will let you install a tracking device so that you can prove to them you’re driving fewer miles each year. Some companies will offer up to a 30% discount depending on how many fewer miles you end up driving.

Your Coverage and Deductibles

There’s an inverse relationship between your deductible and your total monthly premium. Higher deductibles mean your insurance company will charge you lower monthly rates because they won’t have to pay as much money if you need to file a claim. But if you’re going to try saving money by raising your deductible, make sure you put that money aside in a savings account for a rainy day. After all, how much harder would it be for you to get back on the road if your car was seriously damaged in an accident and you didn’t have $1,000 sitting around to pay your deductible?

Education in Parma, OH

Residents in Parma are missing out when it comes to taking advantage of a higher education in order to get car insurance discounts. More than one-third of the residents (35.5%) Stopped educating themselves after achieving a high school diploma or equivalent. Just under 13% of Parma residents have gone on to earn themselves a bachelor’s degree. There are many benefits to taking your education to the next level – and many car insurance companies will sweeten the deal by offering discounts to more educated motorists.

If you don’t want to step outside the city limits of Parma in order to get a higher education, you can take a look at Bryant & Stratton College-Parma. But if you’re willing to commute a little bit, you have even more options. You can check out Baldwin Wallace University or Cleveland State University if you don’t feel like driving very far. And if you don’t mind a longer commute, you might want to take a look at Lorain County Community College or the University of Akron Main Campus.

You shouldn’t have to settle for a car insurance company that ignores you, doesn’t process your claims the right way, or provides overall poor customer service. But more than anything, you shouldn’t have to pay more than what your coverage is actually worth. If you really want to save money with the right auto insurance provider, just let us help you comparison-shop! All it takes is a few minutes and your zip code and we can find you accurate, free quotes right here and now.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Ohio Department of Insurance

Division of Financial Institutions – Ohio Department of Commerce

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov