Are you regretting buying an expensive car insurance policy? Don’t feel bad because you are not the only one feeling buyer’s remorse.
Shockingly, nearly 70% of drivers have stayed with the same insurance company for well over three years, and just under half have never even compared quotes to find cheap rates. The average driver in Toledo can save 55% each year, but they just assume it takes a lot of time to compare rate quotes online.
Lots of insurers contend for your business, so it can be very hard to choose a insurance company to discover the definitive lowest cost out there.
Consumers should take time to get comparison quotes as often as possible because car insurance prices change quite often. Just because you had the lowest price on BMW X1 insurance in Toledo at your last renewal other companies may now be cheaper. Block out anything you think you know about car insurance because we’re going to demonstrate the best methods to eliminate unnecessary coverages and save money on BMW X1 insurance in Toledo.
Low cost BMW X1 insurance prices in Toledo, Ohio
Just keep in mind that more quotes gives you a better chance of getting the best rates. Not every company provides Toledo X1 insurance quotes online, so it’s important to compare rates from those companies as well.
The companies shown below are our best choices to provide free quotes in Toledo, OH. If you wish to find the best auto insurance in OH, we recommend you get price quotes from several of them to get a more complete price comparison.
Get cheaper rates by receiving discounts
Properly insuring your vehicles can get expensive, but there could be significant discounts that could drop your premiums quite a bit. Certain credits will be shown at the time of quoting, but a few must be specifically requested before you will receive the discount. If you do not double check each discount available, you are not getting the best rate possible.
- Own a Home and Save – Just being a homeowner can get you a discount because it requires personal responsibility.
- Resident Student – Any of your kids who live away from home to go to college and don’t have a car may be able to be covered for less.
- Accident Free – Toledo drivers who stay claim-free get the best auto insurance rates as compared to policyholders that have many claims.
- Passive Restraints – Cars that have air bags can receive discounts of 20% or more.
- Driver Training Discounts – Participating in a safe driver course may get you a small discount and also improve your driving technique.
- Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
As a footnote on discounts, most discount credits are not given to the whole policy. Some only apply to the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, you’re out of luck.
Some of the insurance companies that may offer quotes with some of the above discounts include:
When getting a coverage quote, ask all companies you are considering to give you their best rates. Depending on the company, some discounts may not be offered in Toledo.
Insurance agent or online?
A lot of people still prefer to get advice from a local agent and that is recommended in a lot of cases One of the great benefits of comparing rate quotes online is the fact that drivers can get better rates and still buy from a local agent.
After completing this simple form, your coverage information is immediately sent to participating agents in Toledo that can give you free Toledo car insurance quotes for your business. It simplifies rate comparisons since you won’t have to contact any insurance agencies due to the fact that quote results will go straight to your inbox. You can find better rates without the usual hassles of price shopping. If you want to get a comparison quote from a particular provider, you would need to navigate to their website and fill out their quote form.
Deciding on a insurance company requires more thought than just the premium amount. These questions are important to ask:
- Does the agency provide any after hours assistance?
- How are they compensated?
- Is vehicle damage repaired with OEM or aftermarket parts?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is working in the agency their full-time job?
- Can you choose the body shop in case repairs are needed?
- Do they reduce claim amounts on high mileage vehicles?
The following are Toledo auto insurance companies that can give you price quote information for BMW X1 insurance in Toledo.
Marty Vugrinac – State Farm Insurance Agent
1022 S Reynolds Rd – Toledo, OH 43615 – (419) 389-0533 – View Map
Bud Moody – State Farm Insurance Agent
1751 W Sylvania Ave – Toledo, OH 43613 – (419) 471-9909 – View Map
American Family Insurance – Bob Rowland
3138 Tremainsville Rd – Toledo, OH 43613 – (419) 472-9777 – View Map
Allstate Insurance: Ahmad Rachidi
1544 S Byrne Rd – Toledo, OH 43614 – (419) 385-4107 – View Map
Situations that may require an agent’s advice
When selecting proper insurance coverage for your vehicles, there really is no perfect coverage plan. Every situation is different and your auto insurance should unique, too.
Here are some questions about coverages that may help highlight if you would benefit from professional advice.
- Do I have newly-acquired coverage?
- When should I not file a claim?
- Is my babysitter covered when using my vehicle?
- Can I make deliveries for my home business?
- What states are considered no-fault?
- Will I be non-renewed for getting a DUI or other conviction?
- Does my personal policy cover me when driving out-of-state?
- Am I covered when driving someone else’s vehicle?
- At what point should I drop full coverage?
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
You Can Change Your Insurance Premiums
Part of the insurance buying process is learning some of the factors that help determine the level of your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that could help you find lower premium levels.
The items below are some of the items used by insurance companies to determine your prices.
Discounts for auto and home policies – Some insurance companies allow lower prices to insureds who buy several policies from them in the form of a multi-policy discount. Even with this discount, it’s in your best interest to shop around to make sure you are getting the best deal.
Policy add-ons may not be needed – Insurance companies have many add-on coverages that you can get tricked into buying on your insurance policy. Coverages like personal injury protection, death and dismemberment, and membership fees are examples of these. You may think they are a good idea when talking to your agent, but if they’re wasting money consider taking them off your policy.
Where you live – Being located in a small town has it’s advantages when trying to find low car insurance rates. Residents of big cities regularly have more auto accidents and much longer commute distances. Fewer drivers and short commutes corresponds to lower accident rates and lower theft and vandalism rates.
Save money with higher physical damage deductibles – The deductibles you choose define the amount the insured will be required to pay if a covered claim is submitted. Insurance for physical damage, also called ‘full coverage’, covers damage that occurs to your car. A few examples of covered claims would be colliding with a stationary object, damage from fire, and damage caused by road hazards. The higher the amount you have to pay, the lower your rates will be.
File insurance claims and pay more – If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Companies in Ohio give most affordable rates to insureds that do not abuse their auto insurance. Your insurance policy is designed for claims that you cannot pay yourself.
Insurance losses for a BMW X1 – Companies use statistical claims data to help determine rates. Models that are shown to have a trend towards higher claims will have a higher cost to insure. The table below illustrates the historical loss data for BMW X1 vehicles.
For each type of coverage, the loss probability for all vehicles averaged together equals 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 show a trend for more claims or statistically larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| BMW X1 4dr 2WD | 99 | 86 | 113 | 90 | 95 | 87 |
| BMW X1 4dr 4WD | 103 | 96 | 120 | 73 | 69 | 82 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance in Ohio serves several purposes
Despite the high cost, insuring your vehicle may be mandatory for several reasons.
- Just about all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability in order to be legal. 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 BMW X1 with a loan, it’s most likely the lender will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank or lender will purchase a policy for your BMW at a much higher rate and force you to pay the higher price.
- Insurance preserves your vehicle and your assets. Insurance will pay for medical transport and hospital expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you cause an accident and are sued. If your car is damaged in a storm or accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your X1 are without a doubt worth the cost, particularly if you ever have a claim. But the average American driver is overpaying more than $700 annually so you should quote and compare rates at least once a year to save money.
Ohio car insurance companies ranked
Finding a highly-rated auto insurance provider is difficult considering how many different companies insure vehicles in Toledo. The information shown below may help you analyze which insurers you want to consider comparing rates with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The best insurance company isn’t always the cheapest
As you quote Toledo car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced full coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal is to get the best coverage possible at an affordable rate, not the least amount of coverage.
Cheap BMW X1 insurance in Toledo is possible from both online companies as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies do not offer rate quotes online and usually these regional insurance providers only sell coverage through local independent agencies.
Steps to finding cheaper rates for BMW X1 insurance in Toledo
The best way we recommend to find cheaper quotes for car insurance rates is to start comparing prices yearly from insurers in Toledo. Prices can be compared by following these guidelines.
- First, try to learn a little about the coverage provided by your policy and the things you can control to drop your rates. Many things that cause rate increases like traffic tickets, fender benders, and a less-than-favorable credit rating can be amended by making lifestyle changes or driving safer.
- Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can quote prices for a wide range of companies.
- Third, compare the new quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
One tip to remember is that you’ll want to compare similar coverage information on each quote and and to get prices from as many car insurance companies as possible. Doing this ensures a fair rate comparison and plenty of rates choose from.
More detailed car insurance information can be found by following these links:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- What Car Insurance is Cheapest for 16 Year Olds in Toledo? (FAQ)
- How Much is Auto Insurance for a Jeep Wrangler in Toledo? (FAQ)
- Who Has Cheap Toledo Car Insurance Quotes for a Ford Escape? (FAQ)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Coverage Information (Progressive Insurance)
- Credit Impacts Car Insurance Rates (State Farm)