If you’re looking for Progressive Auto Insurance Quotes in Cincinnati you can contact our independent insurance agency at 513-662-7000.  Or click: Online Progressive Auto Insurance Quote 

Progressive Insurance admitted recently in a quarterly financial report that the advertising campaign, Name your own price from Progressive Insurance is helping them to increase sales.

Their approach in their advertising commercials sounds logical.  You pick the amount of money that you want to spend on your insurance and the insurance company will offer the coverage limits to match your budget request.

But is there a hidden danger when you take this approach to picking an insurance company?

Picking your own price for car insurance in Cincinnati could get you burned financially if you pick the wrong limits!

If you name your own price from Progressive insurance in Cincinnati you could inadvertently endanger yourself if you choose liability limits that are too low for your insurance needs.

How so?

For illustrative purposes let’s use my personal situation. Right now I spend about $74 per month for my car insurance. If I wanted to reduce my insurance budget to $52 per month on my car insurance in Cincinnati and I decided to use Progressive’s name your own price option this is what would happen:

For the two cars that I insure, $52 per month with Progressive Insurance in Cincinnati would only buy the state minimum coverage limits ($12,500 per person $25,000 per accident $10,000 property damage) with a $1000 deductible on comprehensive and collision, there would be no uninsured motorist coverage, no coverage for car rental, roadside assistance or loan gap payoff coverage.)

I save $22 per month by naming my own price Insurance in Cincinnati, but what did I give up?

My current coverage limits are $500,000 per person, $500,000 per accident, $500,000 for property damage, $50,000 for medical payments, $100 deductible comprehensive, $500 deductible collision, I have car rental, roadside assistance and loan gap coverage for both of my vehicles.

So to save $22 per month with Progressive car insurance in Cincinnati I decreased my coverage by a factor of 40!

Was That a Smart Decision to Reduce My Coverage Limits so Low?

Therein lays the problem when you name your own price. For some of us we may only be able to afford the state minimum liability limits, or we may choose low limits because we don’t think anything ever is going to happen.

Insurance is way too complicated to purchase on your own without professional advice.  There are simply too many variables and factors that need to be taken into consideration before you arbitrarily decide how much you want to spend on your insurance.

Purchase Your Insurance from an Independent Insurance Agency in Cincinnati.

We provide all new customers the valuable Pathway Coverage Checklist™ + a special report titled: How much liability insurance is enough?

Pathway Insurance Contact Information

513-662-7000 or write Jack@pathwayinsurance.net

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