Are you sick and tired of not being able to scrape enough together each month for insurance? Your situation is no different than many other Ohio drivers.
It goes without saying that insurance companies don’t want their customers to go rate shopping. Drivers who shop for lower prices are very likely to switch insurance companies because there is a significant possibility of finding a more affordable policy. Surprisingly, a recent survey revealed that consumers who routinely compared quotes saved on average $850 each year as compared to drivers who never shopped for cheaper rates.
If finding the cheapest price on auto insurance in Toledo is why you’re reading this, understanding how to choose a company and compare insurance rates can help make the process easier and more efficient.
There are many car insurance companies to purchase coverage from, and even though it’s nice to have a choice, it can be more challenging to find a good deal for Buick Verano insurance in Toledo.
You need to compare prices as often as possible because insurance rates change regularly. If you had the best deal on Buick Verano insurance in Toledo a year ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the only way to get good coverage on Buick Verano insurance in Toledo at a lower rate.
Choosing the best rates in Toledo is quite easy if you know the best way to do it. Just about every driver who shops for car insurance will more than likely find lower prices. But Ohio drivers must comprehend the way insurance companies charge you for coverage.
The are a couple different ways of comparing price quotes from lots of Ohio car insurance companies. The best way to find affordable Buick Verano insurance rates is to get quotes online.
Doing online rates comparisons is so easy that it takes the place of having to make phone calls or go to each insurance agency near you. Comparing online rate quotes reduces the need to sit down with an agent unless you want the professional advice that can only be provided by a licensed insurance agent. Although, it is possible get the lowest quotes online and have a local agent actually service the policy.
When quoting car insurance, remember that having more price comparisons provides better odds of finding lower pricing. Not every company allows you to get online Toledo Verano insurance quotes, so it’s recommended that you also compare price quotes on coverage from those companies, too.
The companies shown below have been selected to offer free quotes in Ohio. To buy the best car insurance in Toledo, it’s a good idea that you visit as many as you can to get the most affordable price.
Informed Consumers Save Every Year
Many factors are taken into consideration when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but other criteria are more transparent such as your credit history or your commute time. The best way to find cheaper insurance is to take a look at the rating factors that play a part in calculating your policy premiums. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that could help you find lower premium levels.
Insurance rates and age – Teenage drivers in Ohio are statistically shown to be inattentive and easily distracted when behind the wheel therefore insurance rates are much higher. Parents adding a inexperienced driver onto your insurance can break the bank. More mature drivers tend to be more responsible, cost insurance companies less in claims, and receive fewer citations.
Do you have a demanding job? – Did you know your occupation can influence how much you pay for insurance? Occupations like military generals, airline pilots, and emergency personnel are shown to have the highest rates due to intense work-related stress and extremely grueling work hours. Conversely, careers such as actors, students and the unemployed pay the least.
Single drivers take more risk – Having a spouse can actually save you money on insurance. It demonstrates that you tend to be more mature and statistics show married drivers tend to have fewer serious accidents.
Where you live can affect premiums – Living in areas with lower population has definite advantages when buying insurance. Urban drivers tend to have more road rage incidents and a longer drive to work. Less people living in that area translates into fewer accidents in addition to fewer liability claims.
Drive fewer miles and save – The more you drive each year the more you’ll pay to insure it. Many insurance companies calculate rates based upon how the vehicle is primarily used. Autos left parked in the garage get more affordable rates compared to those used for work or business. It’s always a good idea to double check that your insurance coverage correctly shows the correct driver usage. A policy that improperly rates your Verano may be costing you higher rates.
Safer vehicles means cheaper rates – Vehicles that have high safety ratings tend to be cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and lower injury rates translates into savings for insurance companies passed on to you as lower rates.
Buick Verano historical loss data – Insurance companies take into consideration historical loss data for every vehicle as a tool for profitable underwriting. Models that tend to have a higher amount or frequency of claims will be charged more to insure. The next table illustrates the compiled insurance loss statistics for Buick Verano vehicles.
For each type of coverage, the claim probability for all vehicles, as a total average, is considered to be 100. Percentage values below 100 are indicative of better than average losses, while values that are above 100 indicate more frequent claims or an increased likelihood of larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Buick Verano | 92 | 96 | 85 | 109 | 127 | 126 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why do I need car insurance?
Even though it’s not necessarily cheap to insure a Buick in Toledo, car insurance serves a purpose in several ways.
- Just about all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Verano, more than likely the lender will require that you have insurance to protect their interest in the vehicle. If you let the policy lapse, the bank may buy a policy for your Buick at a much higher rate and force you to pay for it.
- Insurance protects both your assets and your Buick. Insurance will also pay for all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car definitely exceed the cost, especially with large liability claims. Despite what companies tell you, the average driver overpays as much as $830 a year so smart consumers compare quotes at every policy renewal to help ensure money is not being wasted.