How long have you put off shopping around for low-cost auto insurance rates in Toledo, OH? Toledo drivers have options when trying to find the best price on Ford Fusion Hybrid insurance. They can either waste time contacting agents getting price quotes or leverage the internet to make rate comparisons. There are more efficient ways to buy auto insurance and you need to know the quickest way to compare rates for a new or used Ford and get the best price possible from both online companies and Toledo agents.
It’s shocking but over 70% of consumers kept their policy with the same company for at least the last four years, and almost 40% of drivers have never even shopped around for cheaper coverage. Most drivers in the United States could save an average of 46.5% each year just by shopping around, but they don’t know how much savings they would realize if they swap their current policy for a cheaper one.
Consumers need to get comparison quotes at least once a year because rates change frequently. Despite the fact that you may have had the best deal on Ford Fusion Hybrid insurance in Toledo a couple years back the chances are good that you can find a lower price today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the things you must know in order to properly buy coverages while reducing your premium.
Buying affordable auto insurance in Toledo can initially seem challenging. If you currently have auto insurance, you will surely be able to find the best rates using the concepts covered in this article. Smart shoppers only need to know the quickest way to buy auto insurance using one simple form.
Take policy discounts and save on Ford Fusion Hybrid insurance in Toledo
Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not even know about. Larger premium reductions will be automatically applied at quote time, but once in a while a discount must be specially asked for before you get the savings.
- Own a Home and Save – Owning a home in Toledo can save you money because maintaining a house demonstrates responsibility.
- Auto/Home Discount – If you can combine your home and auto policy and insure them both with the same insurance company they may give you a discount of approximately 10% to 15%.
- New Car Discount – Buying a new car model can save up to 30% because new model year vehicles keep occupants safer.
- Multi-Vehicle Discounts – Buying a policy with more than one vehicle with one company can get a discount on all vehicles.
- Active Service Discounts – Being deployed with a military unit could qualify you for better rates.
- Discounts for Federal Employees – Having worked for a branch of the government may reduce rates when you quote Toledo auto insurance with certain companies.
- Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase life insurance.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
You should keep in mind that most credits do not apply to the whole policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that adding up those discounts means a free policy, it’s just not the way it works. But any discount will definitely reduce the premium cost.
The diagram below compares Ford Fusion Hybrid car insurance costs with and without discounts applied to the premium. The price estimates are based on a female driver, no claims or driving citations, 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 multi-car, homeowner, multi-policy, safe-driver, claim-free, and marriage discounts applied.
Some of the larger companies that have these discounts may include but are not limited to:
If you are trying to find affordable Toledo auto insurance quotes, ask all the companies which discounts they offer. Some of the earlier mentioned discounts may not be available in your area.
The best way we recommend to compare rates for Ford Fusion Hybrid insurance in Toledo takes advantage of the fact car insurance companies actually pay money for the chance to provide you with free rate quotes. To get started, all you need to do is spend a couple of minutes providing details including if you lease or own, coverage limits, driver ages, and your education level. That rating data is automatically sent to insurance companies and they return rate quotes instantly to find the best rate.
To find lower affordable Ford Fusion Hybrid insurance rates now, click here and enter your zip code.
The companies shown below are our best choices to provide free rate quotes in Ohio. To buy cheaper auto insurance in Ohio, we suggest you click on several of them in order to get a fair rate comparison.
Statistics and details
The coverage table displayed next showcases a range of insurance prices for Ford Fusion Hybrid models. Learning more about how policy rates are determined can help you make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $106 | $260 | $320 | $18 | $96 | $800 | $67 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Information does not factor in vehicle location which can influence premiums substantially.
Higher deductibles lower rates
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The following tables lay out the cost difference of buying low and high policy deductibles. The first price estimate table uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $198 | $400 | $284 | $16 | $84 | $1,007 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $160 | $324 | $284 | $16 | $84 | $868 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in vehicle location which can revise prices noticeably.
We can estimate from the data above that using a $250 deductible could cost the average driver approximately $12 more each month or $144 every year than buying the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go at a minimum 21 months between claims, you would come out ahead by selecting a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $250 deductibles: | $84 |
| Average monthly premium for $500 deductibles (subtract): | – $72 |
| Monthly savings from raising deductible: | $12 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $12 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
An important sidenote is that raising deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. You will want to have some extra savings in order to pay the higher deductible in order to repair your vehicle.
Safe drivers pay cheaper rates
The information below highlights how speeding tickets and fender-benders can influence Ford Fusion Hybrid insurance rates for different categories of driver ages. The data assumes a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Cost of full coverage
The diagram below shows the comparison of Ford Fusion Hybrid insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The rates are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.
Guidelines for dropping full coverage
There is no set rule of when to eliminate physical damage coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s say your Ford Fusion Hybrid book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If premium cost is more than $700 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are a few cases where only buying liability is not a good plan. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Car insurance agents can help
Certain consumers still like to talk to an insurance agent and that is a smart decision Most agents are trained to spot inefficiencies and give you someone to call. A good thing about comparing rate quotes online is you can get cheaper premium rates and also buy local.
By using this form (opens in new window), the quote information is transmitted to local insurance agents that give free quotes for your business. It makes it easy because there is no need to find an agent on your own as quotes are delivered to the email address you provide. If you want to get a rate quote from one company in particular, you can always search and find their rate quote page and submit a quote form there.
Picking the best insurance company should depend on more than just the bottom line cost. These are some questions your agent should answer.
- How many companies do they write for?
- Do they get paid more for recommending certain coverages?
- Is there a local claims center in Toledo?
- How will an accident affect your rates?
- Are they actively involved in the community?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
If you want to use a local insurance agency, there are a couple of different types of agencies and how they work. Insurance agencies in Toledo can be described as either exclusive or independent (non-exclusive). Both can write policy coverage, but it’s important to point out why they differ since it could factor into your agent selection.
Exclusive Auto Insurance Agencies
Exclusive agents can only place business with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to compare rates from other companies so always compare other rates. They are well schooled on what they offer and that allows them to sell at a higher price point. Many people buy from exclusive agents mainly due to the brand legacy and the convenience of having a single billing for all their coverages.
The following is a list of exclusive insurance agencies in Toledo that can give you comparison quotes.
- Bud Moody – State Farm Insurance Agent
1751 W Sylvania Ave – Toledo, OH 43613 – (419) 471-9909 – View Map - Allstate Insurance: Jennifer Soda Zielinski
2509 W Sylvania Ave Ste 12 – Toledo, OH 43613 – (419) 472-9690 – View Map - Todd Riggs – State Farm Insurance Agent
7109 Central Ave – Toledo, OH 43617 – (419) 841-4800 – View Map
Independent Agents (or Brokers)
Agents that choose to be independent are appointed with more than one company and that allows them to write policies with many different companies and find the cheapest auto insurance rates. If they quote lower rates, your agent can just switch to a different company and you won’t have to switch agencies.
When searching for an agent, you absolutely need to compare quotes from at least one independent agent so that you have a good selection of quotes to compare. Many write coverage with lesser-known insurance companies that may have much lower rates than larger companies.
Below are independent insurance agencies in Toledo willing to provide comparison quotes.
- Nationwide Insurance: Smithers Ins Agency LLC
229 Superior St – Rossford, OH 43460 – (419) 666-5703 – View Map - Park and Co Insurance
5749 Park Center Ct – Toledo, OH 43615 – (419) 474-8135 – View Map - Anderson-Miller Insurance
4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 – View Map
Lower rates by being persistent
As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There are many occasions where someone dropped full coverage only to regret that the few dollars in savings costed them thousands. Your goal should be to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.
Drivers leave their current company for many reasons like an unsatisfactory settlement offer, delays in paying claims, extreme rates for teen drivers and even delays in responding to claim requests. Whatever your reason, switching companies is pretty simple and you could end up saving a buck or two.
Some insurance providers do not offer price quotes online and most of the time these small, regional companies prefer to sell through independent insurance agents. Cheap Ford Fusion Hybrid insurance in Toledo is definitely available both online in addition to many Toledo insurance agents, so you should compare both to have the best chance of lowering rates.
How to save money on Ford Fusion Hybrid insurance in Toledo
Truthfully, the best way to find low-cost car insurance rates in Toledo is to regularly compare price quotes from insurers who provide car insurance in Ohio. You can compare prices by following these steps.
- Step 1: Try to learn a little about the coverage provided by your policy and the measures you can take to keep rates down. Many factors that cause rate increases such as accidents, traffic violations, and an imperfect credit score can be amended by being financially responsible and driving safely.
- Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO and State Farm, while agents who are independent can provide prices from many different companies.
- Step 3: Compare the new rates to the price on your current policy to determine if switching companies saves money. If you can save some money, make sure there is no coverage gap between policies.
- Step 4: Provide proper notification to your current company to cancel your current coverage and submit a down payment and signed policy application to your new company or agent. As soon as you receive it, put the proof of insurance certificate with your registration paperwork.
One important bit of advice is to make sure you enter identical coverages on each price quote and and to get price estimates from every insurance company. Doing this enables an apples-to-apples comparison and the best price selection.
More information can be read on the following sites:
- Prom Night Tips for Teen Drivers (State Farm)
- How Much is Car Insurance for Single Moms in Toledo? (FAQ)
- How Much are Auto Insurance Quotes for Used Cars in Toledo? (FAQ)
- What Car Insurance is Cheapest for a Honda Accord in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance for High Mileage Drivers? (FAQ)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Red Light Cameras (State Farm)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)