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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Nov 04, 2022 Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. At a glance
4 Bankrate Score Auto 4.0 Home 4.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Bottom Line Pros and Cons Quick Look Pros Generally lower-than-average rates Strong financial strength ratings from AM Best Products sold by local independent agents Cons Some products are not available in every state No J.D. Power customer satisfaction or claims satisfaction ratings Avg. annual auto insurance premium for full coverage: $1,472 Avg. annual auto insurance premium for min coverage: $438 Avg. annual home insurance premium for $250k dwelling coverage: $843 Compare rates Cincinnati car insurance
Drivers who have more high-end lifestyles may particularly benefit from Cincinnati auto insurance, especially when the coverage is combined with other product lines. and Washington, D.C., but Cincinnati does not sell auto insurance in Alaska, Louisiana, Mississippi, Oklahoma or South Dakota. While the company isn't on our list of , it may be worth getting a quote to see how well its coverage fits your situation. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Shop rates and compare quotes
Get personalized auto insurance quotes by answering a few quick questions Quick facts on average this year by shopping for new car insurance Rates vary by state The average American pays for auto insurance Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Cincinnati Insurance Company offers all the standard auto insurance coverage types common with most , including liability, uninsured motorist coverage and underinsured motorist coverage, and both options. Drivers looking for a coverage boost might be interested in the endorsement, which adds numerous optional financial protections to your policy, including trip interruption coverage, air bag replacement and lock replacement - although the specifics of the endorsement vary by state. Cincinnati car insurance cost
Based on Bankrate's analysis of up-to-date premium information from Quadrant Information Services, drivers pay lower annual rates on average with Cincinnati Insurance than with many other insurers. The average cost of full coverage car insurance with Cincinnati is $1,472 per year, while minimum coverage costs an average of $438 per year. For comparison, the national is $1,674 per year for full coverage and $565 per year for minimum coverage. Your unique rating factors will impact how much you pay, and in some cases, Cincinnati's average rate is higher than the national average. The table below shows how Cincinnati's average full coverage rates compare with the national average rates for several different driver scenarios. Cincinnati average annual full coverage premium National average full coverage premium Clean driving history $1,472 $1,674 Speeding ticket $1,922 $2,062 Adding a 16-year-old driver* $2,647 $2,531 At-fault accident $2,704 $2,311 *16-year-old rates reflect the added cost to their parents' full coverage car insurance policy. car insurance discounts
Although Cincinnati doesn't offer many discounts for its auto insurance customers, a few are available. The carrier offers savings for bundling policies such as auto and home, insuring multiple vehicles, being claims-free or a good student. More unique discounts may be available on a state-by-state basis. Talk to a local Cincinnati Insurance agent about the savings opportunities available to you. Cincinnati Insurance car services
Cincinnati can insure more than just your personal vehicles. The carrier offers a , which include antique and collector car coverage and a replacement cost plus endorsement. The antique and collector car insurance endorsement can be added to your personal auto policy rather than having to take out a new policy for these vehicles, and doesn't apply an age limitation (many carriers will only insure vehicles over 25 years old as collector cars). The replacement cost plus endorsement could help protect you from new-vehicle depreciation. With it, if your new vehicle is totaled from a covered incident, you'll be able to replace the vehicle with a similar new vehicle or pay the remaining loan balance. Cincinnati home insurance
While Cincinnati's home insurance products for high-value homes really stand out for their unique features, the carrier insures homes of any value. Coverage is available in the same states as auto insurance. Homeowners have a few different programs to choose from, including the (for homes of any value), the Executive Classic package (for home values between $500,000 and $1 million), or the Executive Capstone package (for homes above $1 million). Each package comes with its own set of endorsements, but Cincinnati's home policies commonly offer identity theft coverage, earthquake coverage and golf cart coverage. Package availability varies by state, but based on the carrier's qualities and coverage options, Cincinnati may be one of the for high-value homes. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Cincinnati home insurance cost
Nationally, home insurance costs an average of $1,312 per year for $250,000 in dwelling coverage. Cincinnati Insurance's average annual premium for the same amount of coverage is 36% less at $843. Bankrate's research into average rates shows that the from Cincinnati is significantly lower across several dwelling limits, on average, compared to the national average. Dwelling coverage limit Cincinnati average annual premium National average annual premium $150,000 $542 $898 $250,000 $843 $1,312 $350,000 $1,117 $1,723 $450,000 $1,413 $2,148 Cincinnati home insurance discounts
Just like with auto insurance, Cincinnati doesn't offer many home discounts for customers. However, you could save by , insuring a newer home, being claims-free or having a central alarm system installed. Discounts may vary by state, so talking with a local Cincinnati agent may be the best way to learn about your savings options. Cincinnati Insurance home services
The is one of the most unique options for high-value policyholders. To qualify, you must have a home with a replacement cost value of $1 million or more. If you meet that requirement, the Executive Capstone program could help you protect your home and could also extend to your auto, collector cars, boat or yacht policy and your personal umbrella policy to add vital protection for your more complex financial protection needs. In addition to home insurance, Cincinnati also offers coverage for renters and condo owners. Each policy type and program will have its own unique features and options. Talk with a Cincinnati agent to learn what selections might be best for you. Cincinnati life insurance
Cincinnati offers three types of life insurance policies - term, whole and universal - to suit the financial considerations of potential policyholders. Although Cincinnati didn't make Bankrate's list of the , you may still find that you can purchase the right type and level of life insurance coverage for your circumstances. Unlike auto and home insurance, Cincinnati offers life coverage in 49 states (except New York) and Washington, D.C. Cincinnati Insurance life insurance endorsements
The endorsements or riders that are available to add to your Cincinnati life insurance policy will depend on the type of policy you buy, the state you live in and your eligibility qualifications. Cincinnati offers the following riders, among others, for its and policies: If you are diagnosed with a terminal illness or are expected to reside in a nursing home or assisted living facility for the remainder of your life, you may be able to access some of your death benefit before you pass. This rider could allow you to add coverage for a qualifying child on your own policy, rather than buying separate . If you've been disabled for four consecutive months, you may have your premium payment waived for the duration of your disability. Riders vary based on the type of life policy you buy, so consulting with a Cincinnati independent agent is a good strategy to know what options are available. Cincinnati Insurance life services
In addition to auto, home and life insurance, Cincinnati also offers a few different , which could be a useful tool for your financial planning. The carrier also has a helpful blog that addresses life insurance and financial planning topics. For policyholders with high-value homes, or other expensive assets needing financial protection, this particular financial planning tool may be a nice addition to consider. Other Cincinnati Insurance perks worth considering
Cincinnati offers numerous other lines of insurance, including: Business insurance Personal articles coverage Boat insurance Personal umbrella insurance Although doesn't rate Cincinnati for its auto or home claims service, the company does report from policyholders. Cincinnati assigns a field adjuster to each independent agency that sells its coverage. This means that your claim will be handled by this specifically-appointed adjuster and could foster greater communication between you, the adjuster and your agency. Cincinnati is also highly rated for financial strength by both and . The carrier's A+ are a measure of past financial performance and could give you peace of mind knowing that the company has historically performed well and is more likely to expediently pay its claims when policyholders suffer a covered loss. Cincinnati Insurance corporate sustainability
Cincinnati is a where its employees work and live. The company consistently ranks among the top 25 campaign donors to the United Way of Greater Cincinnati. Other community initiatives include ArtsWave, which supports more than 100 arts and community initiatives in the Cincinnati area; Insuring the Children, which raises awareness of child abuse and neglect; and Crayons to Computers, which provides school supplies to 600 schools in the Cincinnati area. Cincinnati Insurance has also made a strong commitment to managing climate risk. As far as products offered, the carrier has insurance products specifically designed for . Not sure if Cincinnati Insurance is right for you Consider these alternatives
Naturally, not everyone's insurance needs will be met by Cincinnati Insurance Company. If you are gathering quotes from multiple insurers, you might want to consider these carriers as well: Auto-Owners is a regional insurer only available in 26 states, but the carrier has a lower average annual full coverage auto premium than Cincinnati - $1,351 for Auto-Owners vs. $1,472 for Cincinnati. If you are looking for cheaper car insurance coverage that comes with a host of endorsements and discount options, Auto-Owners may be worth considering. If you are considering Cincinnati specifically for high-value home coverage, you might want to get quotes from Chubb as well. Chubb's average home insurance premium is much higher than Cincinnati's, at $1,630 per year compared to Cincinnati's $843 annual average, but you may find that Chubb offers different coverage options that could also suit your needs. Nationwide is a full-lines insurer that won two : one for high-value home insurance and the other for universal life insurance. If you need both luxury home insurance and a life insurance policy, Nationwide could be a good alternative to Cincinnati. Compare rates and save on auto insurance today! Get quotes Close X On This Page
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