Regardless of the kind of car you own, it remains an important investment that carries multiple risks. Although there is no controlling the potential losses that your car is exposed to, RJL Insurance Group is here to help you get ready when they happen.
We make sure you have the financial protection for your car at an affordable price that makes sense for you. Learn more about the importance of carrying the proper car insurance.
Why Do I Need Car Insurance?
Cars are major assets that need just as much protection as your other investments. Like your home, your car is subject to physical and comprehensive claims. These events can lead to financial losses that you may not have been prepared for.
Suppose you lost your car in the process, eliminating your primary means of transportation. This inconvenience affects your job, limiting your ways to pay for the damages you incurred. Thus, your overall expenses and losses will leave you financially crippled.
Even if you are a confident driver with no history of accidents, it pays to be prepared for them. With the proper car insurance, you are not only getting protection for your car but also for yourself and other people involved. Get in touch with our representatives for more information.
What Does Car Insurance Cover?
Car insurance coverages vary per state. Normally, auto insurance policy providers do the bare minimum, ensuring that their carriers meet the legal requirements. For instance, auto insurance in an at-fault state will only cover the damage that you cause in a vehicular accident. Meanwhile, no-fault states have car insurance that covers damage to your vehicle.
Ohio is an at-fault state. Local laws will require auto insurance policies across the state to cover medical bills before anything else. However, there are auto insurance policy providers that understand the importance of having comprehensive car insurance for unavoidable accidents.
These policy providers will ensure that you have financial protection for your car even if the accident does not involve other vehicles. Whether your car or truck sustains damages, gets stolen, or is destroyed altogether, having the right policy will ensure you can afford the expense an accident subjects you to.
At RJL Insurance Group, we can shop for the car insurance that meets your needs. Once you describe your situation with our experts, we can identify the proper car insurance coverage that you need and find the company that offers the ideal policy. Protect yourself, your family, and others from the financial risks of car accidents by calling us today.
Use the yellow hot spots and explore how auto insurance can help protect against common risks.
It’s easy to get distracted while driving. All it takes is an incoming text message, a fussy baby, or changing the radio station and your eyes are off the road long enough to crash into the slowing vehicle in front of you. As an owner/operator of the vehicle, you may be held financially responsible for any bodily injuries caused as a result of the accident.
Bodily injury liability covers your legal liability for a covered accident that involves injury to another person, up to the limit of liability you select. Purchase enough coverage to protect your assets should a claim be brought against you or if you are sued. You should also consider purchasing an excess liability policy which may provide additional limits of liability.
When involved in an auto accident, you and your family may be financially responsible for any damage caused by your vehicle to someone else's property. The amount required, if any, can vary by state.
The property damage portion of your auto insurance policy protects you if your car damages someone else's property, such as another car, a fence, or a building. In some instances, you may be able to choose your coverage limit, or it may be a standard amount dictated by the insurer or local laws.
Depending on the severity of the injuries suffered in an automobile accident, whether caused by you or by the other vehicle, it's not uncommon for healthcare costs to run into the thousands of dollars, with a large portion being out-of-pocket expenses not covered by your health plan.
Medical payments coverage or Personal Injury Protection, depending on where you live, can help cover some medical expenses and funeral expenses of covered drivers and passengers after an accident. The exact requirements, limits, and coverage can vary by state, so it's important to understand what's required where you live.
What happens when the driver who hit you doesn't have enough liability coverage? Or, even worse, they take off? Research has shown that this happens more than you might expect. If you’re in a collision with someone who is uninsured or underinsured, you can be left to pay out-of-pocket for damages and medical expenses not covered by the other driver.
Uninsured/underinsured motorist damage coverage may compensate you for bodily injury and lost wages caused by an uninsured motorist, a hit-and-run driver, a driver whose automobile insurance company is insolvent, or a driver who has not purchased enough coverage to pay for damages.
Your automobile can be a fairly costly investment – one that is exposed to many potential losses caused by weather related events, theft, and other circumstances that may be out of your control.
Physical damage coverage can protect your vehicle if it is damaged in an accident (collision coverage), is damaged by something other than a collision (comprehensive coverage) with a vehicle or object or if your vehicle is stolen. This coverage is optional if your vehicle is paid in full, but it is coverage you should consider if you want to fully protect your vehicle.
When your vehicle is being repaired or replaced due to a covered loss, you may have to rent a vehicle to get you to and from your daily responsibilities without any interruption. Vehicle rental can get expensive, especially over an extended period of time.
Rental coverage/ loss of use is an inexpensive option you can add to your auto insurance policy to pay for the cost to rent a temporary replacement vehicle or the cost of public or private transportation if your vehicle is ever in an accident. This coverage is available in a variety of daily limits.
Here are some important coverages that your policy must include:
- Property Damage Coverage: Pays for the damages to the properties affected in a vehicular accident, such as fences and house walls.
- Bodily Injury Coverage: Pays for the financial expenses another party will require after surviving a car accident.
- Uninsured and Underinsured Coverage: Pays for your expenses when another party injures you in a car accident, and they are underinsured or have no insurance of their own.
- Collision Coverage: Pays for damages that your car incurs after you drive it into another car or object.
- Comprehensive Coverage: Pays for the damages that your car incurs due to external elements.
How Much Is Cincinnati Car Insurance?
As of July 2022, full coverage car insurance in Ohio costs an average of $1,200 annually. At the same time, minimum coverage costs $336 per year. These figures are based on the 2022 rate data from Quadrant Information Services.
Overall, the cost of Cincinnati car insurance depends on your unique situation. Some factors affect the rates you will pay for. You can discuss your case with our representatives at RJL Insurance Group to determine an actual quote. Get in touch now.
Factors That Affect Car Insurance Rates
Here are some general factors that affect how much you pay for auto insurance in Cincinnati, Ohio:
- Age: Insurance companies may associate older drivers with having experience, so they can pay less for insurance than younger, first-time drivers. Companies would consider these drivers as high-risk, requiring higher fees.
- Company: Every company has its terms that will affect how much you will pay for Cincinnati car insurance. Experienced insurance owners would shop around and compare their options before settling for one provider.
- Coverage Level: How much you pay will depend on what your policy covers. Full-coverage policies are more comprehensive than minimum liability policies, which only provide liability per state guidelines. Thus, you would pay more to maintain them.
- Credit Score: Drivers with good credit scores have better chances of getting cheaper premiums. Insurance companies tend to favor drivers who have the stats confirming that they can keep up with their payments.
- Driving History: Expect to pay less for car insurance if you have a clean driving record. Those who have no history of accidents, tickets, or collisions appear as capable individuals, earning the trust of insurance companies.
With our help, we can consider all these factors in choosing the best car insurance policy for you. Discuss your situation with our experts today for the financial protection you deserve!
The RJL Insurance Group Difference
We are an independent insurance agency in Cincinnati. One benefit associated with independence is our ability to shop multiple insurance carriers, finding you the best coverage at the best price.
With the RJL Insurance Group handling your auto insurance, you can confidently obtain a policy that specifically works for your unique situation. Discuss your goals with our representatives today!
Are you ready to protect your car against the risks it’s exposed to? Our independent Cincinnati auto insurance agency is here to secure your financial safety. We are standing by to review your information and identify the best Cincinnati car insurance solution for you. Reach out to our experts today for a no-obligation quote!