If you want to save money, the best way to get low-cost Mazda Tribute insurance in Toledo is to regularly compare price quotes from companies in Ohio. You can shop around by following these steps.
- Step 1: Try to comprehend what coverages are included in your policy and the factors you can control to keep rates down. Many risk factors that result in higher rates like traffic violations and poor credit rating can be remedied by making minor driving habit or lifestyle changes. This article provides tips to help reduce premium rates and find possible discounts that are available.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes for many different companies.
- Step 3: Compare the quotes to your existing policy and see if there is a cheaper rate in Toledo. If you can save money, make sure there is no coverage gap between policies.
One key aspect when comparing rates is to try to use similar limits and deductibles on every quote request and and to look at every company you can. Doing this guarantees an accurate price comparison and a complete price analysis.
Smart shoppers know that auto insurance companies want to keep you from comparing rates. People who compare price quotes will most likely buy a different policy because there is a good chance of finding a lower rate. A survey found that drivers who faithfully checked for cheaper rates saved over $72 a month compared to policyholders who never shopped around for lower prices.
If finding the cheapest rates on Mazda Tribute insurance is your objective, then having some insight into the best ways to find and compare insurance coverage can help you succeed in saving money.
Getting a cheap price on insurance can be quick and easy. You just need to take a few minutes comparing rates online with multiple companies.
The companies shown below provide free quotes in Toledo, OH. If you wish to find the best cheap auto insurance in Toledo, it’s highly recommended you visit several of them to get the most affordable price.
Mazda Tribute insurance rates and statistics
The price information below covers a range of prices for Mazda Tribute models. Learning as much as possible about how auto insurance policy rates are calculated can help you make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tribute I Sport 2WD | $96 | $198 | $182 | $10 | $54 | $540 | $45 |
| Tribute I Sport 4WD | $96 | $198 | $182 | $10 | $54 | $540 | $45 |
| Tribute I Touring 2WD | $96 | $198 | $182 | $10 | $54 | $540 | $45 |
| Tribute I Grand Touring 2WD | $110 | $198 | $182 | $10 | $54 | $554 | $46 |
| Tribute I Touring 4WD | $110 | $198 | $182 | $10 | $54 | $554 | $46 |
| Tribute I Grand Touring 4WD | $110 | $234 | $182 | $10 | $54 | $590 | $49 |
| Tribute S Grand Touring 2WD | $110 | $234 | $182 | $10 | $54 | $590 | $49 |
| Tribute S Grand Touring 4WD | $110 | $234 | $182 | $10 | $54 | $590 | $49 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in garaging location in Toledo which can influence premiums greatly.
Driving violations and accidents
The example below demonstrates how traffic citations and at-fault accidents impact Mazda Tribute insurance costs for different age groups. The rate quotes are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Full coverage versus liability-only
The chart below visualizes the comparison of Mazda Tribute insurance prices with and without physical damage coverage. The costs are based on no claims or driving citations, $100 deductibles, marital status is single, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no definitive rule to exclude physical damage insurance, but there is a general convention. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s say your Mazda Tribute settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $7,000 after you pay the deductible. If premium cost is more than $700 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.
Protect your Mazda vehicle and other assets
Despite the potentially high cost of Mazda Tribute insurance, maintaining insurance is a good idea for several reasons.
- The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage in order to get the vehicle licensed. 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 bought your vehicle with a loan, almost all lenders will force you to buy full coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Mazda at a significantly higher premium and force you to pay much more than you were paying before.
- Insurance protects both your vehicle and your personal assets. It will also reimburse you for medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the repair costs.
The benefits of insuring your car greatly outweigh the cost, specifically if you ever have a liability claim. Unknowingly, the average driver is wasting up to $830 a year so compare quotes from several companies each time the policy renews to ensure rates are inline.
How Insurers Calculate Mazda Tribute Insurance Costs
An important part of buying insurance is that you know the rating factors that aid in calculating the level of your policy premiums. When you know what positively or negatively influences your rates, this enables informed choices that may reward you with lower insurance prices. Many things are part of the equation when premium rates are determined. Some are obvious such as your driving history, but some are less apparent like your vehicle usage or how safe your car is.
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Fast cars cost more to insure – The make and model of the vehicle you own makes a huge difference in determining your rates. Low performance passenger cars generally have the cheapest insurance rates, but many other things help determine your insurance rates.
The chart below is based on a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Mazda Tribute insurance rates compared to other models that have a range of performance risks.
- Frequent policy claims will cost you more – Car insurance companies in Ohio give most affordable rates to drivers who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on much higher rates or policy non-renewal. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
- More than one policy can earn a discount – Some insurance companies give better rates to insureds who have multiple policies with them. It’s known as a multi-policy discount. Even with this discount applied, it’s still a good idea to check prices from other companies to help guarantee you have the best rates.There is a good possibility that you can find better rates by splitting coverages up.
- More traffic equals higher costs – Living in a small town may provide you with better prices when buying insurance. Drivers in populated areas have to deal with much more traffic and a longer drive to work. Less people living in that area means fewer accidents and a lower car theft rate.
- Where do you drive? – The more miles you rack up on your Mazda each year the more you’ll pay to insure it. Many insurance companies charge rates based upon how much you drive. Cars not used for work or commuting can be on a lower rate level compared to those used for work or business. It’s a smart idea to ensure your policy is showing how each vehicle is driven. Incorrect rating for your Tribute is throwing money out the window.
- Credit history impacts premiums – A driver’s credit score is a large factor in determining premium rates. Consumers who have high credit scores tend to be better drivers and file fewer claims than those with lower ratings. Therefore, if your credit score is low, you could save money insuring your Mazda Tribute if you improve your credit rating.
- Being married reduces risk – Having a wife or husband may cut your premiums on your insurance policy. Marriage generally demonstrates drivers are more mature than a single person and insurance companies like that married drivers tend to file fewer claims.
Earn discounts on Toledo insurance
Car insurance can cost a lot, but there are discounts available that many consumers don’t even know exist. Some discounts apply automatically at the time you complete a quote, but some must be requested specifically before they will apply.
- No Accidents – Drivers who don’t have accidents can save substantially when compared with drivers with a long claim history.
- Resident Student – Older children who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.
- Telematics Discount – Policyholders that allow driving data submission to look at vehicle usage through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they exhibit good driving behavior.
- Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Safety Course Discount – Taking a driver safety course could cut 5% off your bill and easily pay for the cost of the class.
- Renewal Discounts – A few larger companies give discounts for signing up before your current expiration date. The savings is around 10%.
- Full Payment Discount – By paying your entire bill at once rather than spreading payments over time you can avoid monthly service charges.
- Low Mileage Discounts – Fewer annual miles on your Mazda could earn slightly better prices than normal.
- Drive Safe and Save – Accident-free drivers may save up to 50% more than drivers with accident claims.
- E-sign – Certain larger companies will give a small break for buying your policy online.
Please keep in mind that some credits don’t apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. So even though it sounds like you could get a free insurance policy, it doesn’t quite work that way.
The diagram below shows the comparison of Mazda Tribute insurance premiums with and without discounts being applied to the rates. The price estimates are based on a female driver, no claims or violations, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, claim-free, multi-car, and multi-policy discounts applied.
Popular insurance companies and a selection of discounts are outlined below.
- GEICO discounts include emergency military deployment, seat belt use, defensive driver, anti-lock brakes, federal employee, and membership and employees.
- SAFECO has savings for safe driver, accident prevention training, anti-theft, anti-lock brakes, and teen safety rewards.
- State Farm offers discounts for Drive Safe & Save, accident-free, multiple autos, good driver, and Steer Clear safe driver discount.
- MetLife has discounts for claim-free, multi-policy, accident-free, good student, defensive driver, good driver
- 21st Century may offer discounts for anti-lock brakes, theft prevention, air bags, teen driver, and good student.
- Progressive may include discounts for multi-policy, good student, continuous coverage, online quote discount, and online signing.
When comparing rates, check with every insurance company what discounts are available to you. Some of the earlier mentioned discounts may not be available everywhere. To see insurance companies that offer some of these discounts in Toledo, click here.
Can’t I compare rate quotes from local Toledo car insurance agents?
Many drivers would rather have an agent’s advice and often times that is recommended Professional agents can answer important questions and will help you if you have claims. The biggest benefit of comparing insurance prices online is that you can find better rates but still work with a licensed agent. Putting coverage with local agents is important especially in Toledo.
For easy comparison, once you complete this form (opens in new window), the coverage information is sent to insurance agents in Toledo that can give you free Toledo car insurance quotes for your business. You won’t need to leave your computer because prices are sent directly to your email. If you have a need to get a comparison quote from a specific insurance company, just go to their quote page and fill out their quote form.
Pick the best auto insurance agent in Toledo for you
If you are wanting to find an insurance agent, there are a couple of types of insurance agents and how they differ in how they can insure your vehicles. Insurance agents in Toledo can be classified as either independent (non-exclusive) or exclusive. Both types of agents can sell and service insurance coverage, but we need to point out how they differ since it can impact your agent selection.
Independent Agents
Agents that elect to be independent are not required to write business for one company and that is an advantage because they can write policies through many companies and find you cheaper rates. To transfer your coverage to a different company, the business is moved internally and you won’t have to switch agencies. When comparison shopping, you will want to compare prices from a few independent agents in order to compare the most rates. Many can place coverage with small mutual carriers which can save you money.
Below is a list of independent agencies in Toledo that may be able to give price quotes.
- Knight Insurance Group
22 N Erie St – Toledo, OH 43624 – (419) 241-5133 – View Map - Great Lakes Insurance Partners
5215 Monroe St # 2 – Toledo, OH 43623 – (419) 841-2000 – View Map - Powell Insurance Inc
6029 Renaissance Pl # A – Toledo, OH 43623 – (419) 882-1076 – View Map
Exclusive Insurance Agencies
Exclusive agents have only one company to place business with and examples are Farmers Insurance and State Farm. Exclusive agents cannot compare rates from other companies so they really need to provide good service. They are well schooled on the products they sell and that can be a competitive advantage. Consumers sometimes use the same agent partially due to the prominent brand name and the convenience of having a single billing for all their coverages.
Shown below is a list of exclusive agencies in Toledo willing to provide comparison quotes.
- Jamie Mauntler – State Farm Insurance Agent
5401 Secor Rd – Toledo, OH 43623 – (419) 474-0559 – View Map - Allstate Insurance: Jessica J. Hernandez
1855 S Reynolds Rd B – Toledo, OH 43614 – (419) 536-9000 – View Map - State Farm: Romie Brown
1843 W Alexis Rd #1 – Toledo, OH 43613 – (419) 480-1212 – View Map
Choosing an insurance agency shouldn’t rely on just the premium amount. These are some questions you should get answers to.
- Has the agent ever had any license suspensions?
- How experienced are they in personal risk management?
- Does the agency have a positive business rating?
- Will the quote change when the policy is issued?
- Do they get extra compensation for selling add-on coverages?
- Does the agent have professional designations like CIC, CPCU or AIC?
Quote more and you will save more
As you shop your coverage around, you should never skimp on coverage in order to save money. In too many instances, someone dropped liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.
You just learned some good ideas how you can shop for Mazda Tribute insurance online. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding cheaper Toledo car insurance quotes. Consumers could even find that the lowest auto insurance rates come from some of the lesser-known companies.
Some companies may not provide rates over the internet and these regional insurance providers provide coverage only through independent agents. More affordable car insurance in Toledo can be bought both online as well as from independent agents in Toledo, so you should compare both to get a complete price analysis.
More information can be read at the links below
- Cellphones, Texting and Driving (iihs.org)
- Who Has the Cheapest Toledo Auto Insurance Rates for Retired Military? (FAQ)
- Who Has Cheap Toledo Auto Insurance for Teenage Males? (FAQ)
- How Much is Toledo Car Insurance with Multiple Speeding Tickets? (FAQ)
- What Car Insurance is Cheapest for Young Drivers in Toledo? (FAQ)
- Who Has Cheap Auto Insurance Rates for Uninsured Drivers in Toledo? (FAQ)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Insuring a Leased Car (Insurance Information Institute)
- Senior Drivers (Insurance Information Institute)