If saving the most money is your goal, then the best way to get discount car insurance rates in Toledo is to start doing an annual price comparison from companies who provide car insurance in Ohio.
Step 1: Read and learn about what is in your policy and the measures you can control to drop your rates. Many things that drive up the price like traffic citations, accidents, and an unacceptable credit history can be amended by improving your driving habits or financial responsibility.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can provide rate quotes for many different companies.
Step 3: Compare the quotes to your existing rates to see if you can save by switching companies. If you can save money and change companies, ensure coverage does not lapse between policies.
Step 4: Notify your agent or company of your intention to cancel your current auto insurance policy. Submit a down payment and signed policy application to your new agent or company. When you receive it, keep your new certificate of insurance in your glove compartment.
An essential thing to point out is that you’ll want to compare similar deductibles and liability limits on each quote request and and to compare as many companies as you can. Doing this guarantees a fair price comparison and a good representation of prices.
It goes without saying that auto insurance companies want to keep your business as long as possible. People who perform rate comparisons are likely to move their business because there is a high probability of finding coverage at a cheaper rate. A recent car insurance study revealed that drivers who regularly shopped around saved as much as $865 annually compared to people who don’t make a habit of comparing rates.
If saving the most money on insurance is your target objective, knowing how to find and compare cheaper coverage can make it simple to find affordable coverage.
If you are insured now or are just looking to switch companies, follow these tips to buy cheaper car insurance and still have adequate protection. Locating the best insurance company for you in Toledo can be easy if you know a few tricks. Smart shoppers just need to understand the most efficient way to compare company rates from multiple carriers.
The providers in the list below can provide free rate quotes in Ohio. If multiple companies are listed, it’s highly recommended you visit as many as you can to get the best price comparison.
Car insurance discounts help lower rates for Ford Transit Connect insurance in Toledo
Companies that sell car insurance don’t list every policy discount in a way that’s easy to find, so the below list has a few of the more common and also the lesser-known credits available to lower your premiums when you buy Toledo auto insurance online. If you don’t get every credit you deserve, you’re just leaving money on the table.
- Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle up before driving could cut 10% or more off the medical payments premium.
- Early Signing – A few insurance companies allow discounts for switching policies prior to your current Transit Connect insurance policy expiring. Ten percent is about the average savings.
- Save with More Vehicles Insured – Buying insurance for multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
- Drive Safe and Save – Insureds who avoid accidents may save up to 50% more than drivers with accidents.
- Clubs and Organizations – Belonging to a professional or civic organization could qualify you for a break on your bill.
- Federal Government Employee – Employees or retirees of the government could cut as much as 10% off with certain companies.
- Low Miles Discount – Low mileage vehicles can earn lower car insurance rates on the low mileage vehicles.
It’s important to understand that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. Despite the appearance that it’s possible to get free car insurance, you’re out of luck.
The example below visualizes the comparison of Ford Transit Connect auto insurance costs with and without discounts applied to the premium. The information is based on a male driver, no accidents or driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.
A few popular companies and a selection of discounts are included below.
- State Farm has discounts for multiple autos, anti-theft, Drive Safe & Save, good driver, and multiple policy.
- Progressive offers discounts for online quote discount, good student, multi-policy, continuous coverage, and multi-vehicle.
- Progressive may offer discounts for online signing, multi-vehicle, homeowner, continuous coverage, and good student.
- MetLife policyholders can earn discounts including claim-free, good student, accident-free, good driver, and defensive driver.
- Farm Bureau may have discounts that include driver training, multi-policy, safe driver, renewal discount, good student, and youthful driver.
- GEICO has savings for membership and employees, military active duty, multi-vehicle, seat belt use, defensive driver, multi-policy, and anti-lock brakes.
- SAFECO offers premium reductions for drive less, multi-car, anti-lock brakes, teen safe driver, homeowner, teen safety rewards, and bundle discounts.
It’s a good idea to ask every prospective company which credits you are entitled to. Savings may not be available in your state.
Ford Transit Connect insurance rates and statistics
The coverage table shown below outlines a range of insurance policy prices for Ford Transit Connect models. Being aware of how premiums are established helps drivers make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $86 | $172 | $234 | $14 | $70 | $576 | $48 |
| Transit Connect XLT 2WD | $86 | $172 | $234 | $14 | $70 | $576 | $48 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific zip code location which can decrease or increase price quotes substantially.
Rate comparison for different deductibles
One frequently asked question is how high should the physical damage coverage deductibles be. The rates below may help to conceptualize the premium difference when you select higher and lower physical damage coverage deductibles. The first rate estimation uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $170 | $352 | $226 | $14 | $68 | $855 | $71 |
| Transit Connect XLT 2WD | $170 | $352 | $226 | $14 | $68 | $855 | $71 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Transit Connect XLT 2WD | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in Toledo location which can decrease or increase coverage rates noticeably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $15 more each month or $180 for a full year across all Ford Transit Connect models than buying the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at least 27 months between claims, you would save money if you choose a higher deductible. The table below shows a better example of how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $71 |
| Average monthly premium for $500 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 27 months |
One important caveat is that raising deductibles means you pay more out-of-pocket when you file a claim. That will force you to have enough extra money in the event you need to pay the deductible to have repairs made.
The example below highlights how deductible choice and can change Ford Transit Connect insurance costs for each age group. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below compares Ford Transit Connect premium costs with full coverage compared to only the Ohio minimum liability coverage. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.
When to drop comprehensive and collision
There is no definitive rule for excluding full coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s pretend your Ford Transit Connect replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after paying your deductible. If you are paying in excess of $400 annually to have full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
How Car Insurance Companies Determine Ford Transit Connect Insurance Prices
Many things are taken into consideration when pricing auto insurance. Most are fairly basic like a motor vehicle report, but others are not quite as obvious such as whether you are married or how safe your car is.
Listed below are some of the things used by insurance companies to determine your prices.
- Improve your credit score – Your credit score is a large factor in calculating your premium rate. Insureds with high credit ratings tend to be less risk to insure than drivers with worse credit. If your credit history is not that good, you may save money insuring your Ford Transit Connect by improving your credit score.
- Additional coverages that may be costing you – There are quite a few extra bells and whistles that sound like a good idea at the time when buying car insurance. Coverages for coverage for rental cars, death and dismemberment, and additional equipment coverage are some examples. These may sound like a good investment initially, but if you don’t need them think about removing them and cutting costs.
- Save money by having multiple policies – Lots of insurers provide lower prices for people who have multiple policies with them. It’s known as a multi-policy discount. If you currently are using one company, it’s in your best interest to get quotes from other companies to verify if the discount is saving money. Consumers may find a better deal by splitting coverages up.
- How much liability insurance – Your car insurance policy’s liability coverage will provide protection if ever you are found liable for personal injury or accident damage. Liability insurance provides for a legal defense to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
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Is insurance cheaper for men or women? – Over time, data shows that females tend to be a little less risky than males. That doesn’t necessarily mean that males are worse at driving than females. Both genders are in auto accidents at a similar rate, but guys get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving. Male teenagers generally have the highest accident percentage so it costs more to insure them.
The diagram below illustrates the comparison of Ford Transit Connect insurance prices for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full physical damage coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Comparing prices from local Toledo auto insurance agents
A small number of people just want to buy from a local agent and we recommend doing that Professional agents can help determine the best coverages and help submit paperwork. The best thing about getting free rate quotes online is the fact that you can find lower rates but also keep your business local.
To find an agent, once you fill out this simple form, the quote information is sent to insurance agents in Toledo who will return price quotes for your insurance coverage. You won’t need to do any legwork since rate quotes are delivered immediately to your email address. If for some reason you want to get a rate quote from a specific insurance provider, you can always jump over to their website and fill out the quote form the provide.
Finding the right provider is decision based upon more than just a cheap quote. Ask your prospective agent these questions:
- Are there any discounts for paying up front?
- Did they already check your driving record and credit reports?
- Are all drivers listed on the coverage quote?
- How long have they been in business?
- In the event of vehicle damage, can you pick the collision repair facility?
- Is there a Errors and Omissions policy in force?
- Is coverage determined by price?
- Will their companies depreciate repairs to your car based on the mileage?
If you are searching for a local Toledo insurance agency, it helps to know the two different agency structures and how they are slightly different. Insurance agencies are either independent agents or exclusive agents. Both can handle insurance, but it’s good to learn the difference in how they write coverage because it can impact buying decisions.
Exclusive Insurance Agents
Agents that elect to be exclusive are contracted to one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agents are well trained on what they offer which can be an advantage.
Below are Toledo exclusive agencies who can help you get price quotes.
Eric Price – State Farm Insurance Agent
2600 N Reynolds Rd #104b – Toledo, OH 43615 – (419) 536-6030 – View Map
Marty Vugrinac – State Farm Insurance Agent
1022 S Reynolds Rd – Toledo, OH 43615 – (419) 389-0533 – View Map
Jan Scotland – State Farm Insurance Agent
4806 Dorr St – Toledo, OH 43615 – (419) 536-4200 – View Map
Independent Insurance Agencies
Agents that choose to be independent are not locked into one company so they can insure your vehicles with lots of companies and find the cheapest rate. If they quote lower rates, an independent agent can move your coverage and the insured can keep the same agent.
When shopping rates, it’s recommended you get insurance quotes from independent agents to get the best comparison.
The following is a list of independent agents in Toledo that can give you comparison quotes.
Anderson-Miller Insurance
4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 – View Map
Mann Insurance
3005 Douglas Rd – Toledo, OH 43606 – (419) 255-0040 – View Map
Mouch Insurance Associates, Inc.
3132 W Sylvania Ave – Toledo, OH 43623 – (419) 725-0056 – View Map
After you get satisfactory answers as well as a price you’re happy with, you may have found an auto insurance agent that is professional and can properly service your insurance policy.
Find cheap rates by comparing often
Some insurance providers may not offer the ability to get quotes online and most of the time these smaller companies work with independent agents. Lower-priced Ford Transit Connect insurance in Toledo can be purchased from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
When you buy Toledo auto insurance online, you should never skimp on coverage in order to save money. There have been many cases where someone dropped comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your objective should be to find the BEST coverage for the lowest price while still protecting your assets.
Throughout this article, we presented a lot of ways to find cheaper Ford Transit Connect insurance in Toledo. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding inexpensive Toledo auto insurance quotes. Drivers may even discover the most savings is with the smaller companies. Some small companies may often insure only within specific states and give better rates compared to the large companies like Allstate or State Farm.
For more information, feel free to browse these articles:
- Rollover Crash FAQ (iihs.org)
- Who Has Affordable Toledo Car Insurance for Drivers with Accidents? (FAQ)
- Who Has Cheap Car Insurance Quotes for Welfare Recipients in Toledo? (FAQ)
- How Much are Auto Insurance Quotes for Used Cars in Toledo? (FAQ)
- Who Has the Cheapest Toledo Car Insurance Rates for Good Students? (FAQ)
- How Much is Auto Insurance for a Jeep Wrangler in Toledo? (FAQ)
- What Insurance is Cheapest for a Chevrolet Silverado in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance Rates for Unemployed Drivers? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Safe Vehicles for Teens (iihs.org)
- Teen Driving Statistics (GEICO)