As a mentioned in the previous article every insurance company offers some type of discount.  The 40% discount that State Farm mentions in their commercials is probably meant to combat the 15% discount Geico mentions in their commercials.

(Are you looking for auto insurance in Cincinnati?  Call 513-662-7000 or receive an instant online insurance quote by clicking here.)

I decided to put State Farm insurance to the test.  Will their 40% discount beat the rates of Geico Insurance in Cincinnati, Progressive Insurance in Cincinnati, or American Commerce Insurance in Cincinnati?

I obtained quotes for my personal automobile insurance from State Farm, Geico, and Progressive Direct using their online system.  Also reflected is the insurance company that currently underwrites my personal insurance. 

Please note the following results:

American Commerce Insurance Group in Cincinnati- $74.81 per month

Progressive Insurance in Cincinnati- $87.02 per month

GEICO insurance in Cincinnati – $104.64 per month

State Farm insurance in Cincinnati- $141.34 per month

Assuming that the online quotes are accurate, if I were to take advantage of State Farm’s 40% in discounts I would need to pay an additional $798.36 per year to be insured with State Farm Insurance in Cincinnati compared to what I currently pay right now!

In this quote example, Geico, Progressive Direct, and American Commerce Insurance Group beat State Farm hands down.  Naturally each individual situation could turn out differently. One comparison quote does not necessarily reflect the general pricing philosophy of the insurance companies indicated.

How do you buy Insurance without the Disclaimers, Fine Print and Catches? ™

First step contact our independent insurance agency in Cincinnati.

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

Click here for online insurance quotes in all 50 states.

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 my vehicles, plus the business usage endorsement on my car insurance policy.

The State Farm car insurance quote in Cincinnati did not include loan gap coverage, or business usage. (So that would mean the State Farm car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed.)

The Geico car insurance quote in Cincinnati did not include loan gap coverage, or business usage. Additionally the Geico online quote system would only provide a quote for $250,000 per person and $500,000 for injuries and $100,000 in property damage + $10,000 for medical payments. (That would mean that the Geico car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed if they could match my current coverage limits.)

The Progressive car insurance quote in Cincinnati did not include business usage. Additionally Progressives online quote system would only provide a quote of $500,000 combined single limit + $10,000 for medical payments. (That would mean that the Progressive car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed if they could match my current coverage limits.)

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

Click here for online insurance quotes in all 50 states.

(If you are looking for Progressive Insurance in Cincinnati call 513-662-7000, or click here to receive car insurance quotes from Progressive Insurance in Cincinnati.)

Is this Truth, Fiction or Somewhere in Between?

It is true, but there’s something that they are not telling you in these catchy advertisements.

The spokeswoman named Flo states confidently that we are the only company who lets you name your own price. 

What she doesn’t tell you in the television advertisement is that you could name your own price with any insurance company!

How could you name your own price with any insurance company selling car insurance in Cincinnati?  Simply tell the company or agent how much you want to spend!  It’s as simple as that! 

When you obtain Progressive car insurance quotes in Cincinnati using Progressives website, you can use a slide bar that you move to the left to reduce your price.  At the same time your coverage is reduced and your deductibles are increased.

Do you recall the Allstate Insurance Mayhem commercials we discussed in our last article?  Allstate Insurance in Cincinnati is running a very clever advertisement campaign that directly slams on Progressives name your own price marketing gimmick.

Dean Winters is the random windstorm and after he plummets to the ground smashing a car flat he states: 

“If you named your own price on car insurance you could be picking up this tab yourself!” 

In our next article will discuss an example of how you could get burned financially when you name your own price on insurance in Cincinnati.

Insurance without the Disclaimers, Fine Print or Catches™

Contact our Independent Insurance Agency in Cincinnati

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

Click here for online insurance quotes in all 50 states.

We directly offer the following insurance policies from Pathway Insurance

Auto insurance in Cincinnati, Homeowners insurance in Cincinnati, Business insurance in Cincinnati, Health insurance in Cincinnati, Commercial auto insurance in Cincinnati, Life insurance in Cincinnati.

Copyright 2010 Jack F Thomas & Pathway Insurance Services, Inc. All rights reserved. Reproduction or translation of any part of this information without permission of Jack F Thomas or Pathway Insurance Services, Inc. is unlawful.

If you would like a rate quote from Progressive car insurance in Cincinnati click here on Progressive Car Insurance Cincinnati. Or please call 513-662-7000 to reach a local  agent representing Progressive Insurance.

Progressive Insurance sells automobile insurance in Cincinnati in one of three ways:

• Progressive offers car insurance in Cincinnati through Independent Agents; Click here for a free rate quote from Progressive. (This is the best way to buy auto insurance in Cincinnati from Progressive Insurance in our opinion.)

• You can buy car insurance direct with Progressive insurance in Cincinnati with the company. (You must call a toll-free number.)

• Finally you can buy Progressive car insurance in Cincinnati on their website, Progressive.com. (You must buy insurance directly online-this is the least recommended way to purchase your automobile insurance in Cincinnati in our opinion.)

What do you give up when you buy Progressive Car Insurance directly with the company in Cincinnati? 

When you buy car insurance direct with Progressive you have no local representation.  You will need to call a toll-free number when you need to ask a question about your policy or to make a change. When you buy insurance direct with Progressive it is not possible to build a personal relationship with your insurance professional in Cincinnati since Progressive will not assign a Cincinnati insurance agent to care for your account, you will be simply directed to the first person who answers the telephone at the Progressive Direct call center.   

Why do you need a local insurance agent in Cincinnati to care for your insurance needs?

Insurance is a very complicated financial contract.  A professional insurance agent in Cincinnati is needed to discuss your insurance needs, not simply matching your current coverage limits.

Why is buying insurance online with Progressive the least recommended way to do so in our opinion? 

As was mentioned insurance is a very complicated legal contract.  There are many exclusions or restrictions of coverage on your insurance policy.  When you buy your car insurance direct with Progressive insurance in Cincinnati you are in a sense your own insurance agent, do you feel completely confident being your own insurance agent?

There is a better way to buy Progressive Car Insurance in Cincinnati.

Call our local independent agency at 513-662-7000.  We represent Progressive Insurance in Ohio, Kentucky, and Indiana, or click the below links to receive your online progressive insurance quotes: