Best Rate Quotes for Ford Expedition Insurance in Toledo

Truthfully, the best way to find affordable car insurance rates is to regularly compare prices from different companies in Toledo.

1. Spend a few minutes and learn about how companies set rates and the things you can control to prevent rate increases. Many factors that cause rate increases such as traffic tickets, fender benders, and an imperfect credit history can be amended by being financially responsible and driving safely.
2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agents can provide rate quotes from multiple sources.
3. Compare the new rates to your existing policy to determine if you can save on Expedition insurance in Toledo. If you find better rates and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
4. Give proper notification to your current agent or company of your decision to cancel your current coverage. Submit the completed application along with a down payment to your new agent or company. Once received, store the certificate verifying proof of insurance with your vehicle’s registration.

One bit of advice is to try to compare the same physical damage deductibles and liability limits on every quote and and to look at as many different companies as possible. This provides the most accurate price comparison and and a good selection of different prices.

It’s amazing but most car insurance buyers have purchased from the same company for at least four years, and virtually 40% of consumers have never even shopped around for cheap coverage. Toledo consumers could save approximately 55% each year by just comparing quotes, but they won’t spend time to go online and compare rates.

The following companies provide price comparisons in Toledo, OH. To locate cheaper auto insurance in Toledo, OH, we suggest you click on several of them in order to find the lowest rates.

Three reasons to not skimp on insurance

Even though it’s not necessarily cheap to insure a Ford in Toledo, insurance is required by state law in Ohio and it also provides benefits you may not be aware of.

First, almost all states have minimum liability requirements which means you are required to carry specific limits of liability coverage if you want to drive legally. 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.

Second, if you have a lien on your Ford Expedition, it’s guaranteed your bank will force you to buy full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank may insure your Ford at an extremely high rate and require you to pay the higher premium.

Third, insurance protects not only your car but also your assets. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to have it repaired.

The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. An average driver in America is currently overpaying as much as $700 annually so you should quote rates each time the policy renews to help ensure money is not being wasted.

Coverage analysis

The table displayed below highlights a range of insurance coverage prices for Ford Expedition models. Learning a little about how insurance quotes are formulated can help customers make informed decisions when shopping around for a new policy.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in vehicle location which can alter rates noticeably.

Rate comparison for different deductibles

One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The premium rates below show the rate difference when you select higher and lower policy deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in specific location information which can decrease or increase premium rates considerably.

Based on these figures, using a $250 deductible costs an average of $18 more each month or $216 every year than requesting the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 42 months between claims, you would save more money if you elect the higher deductible.

Should you buy full coverage?

The diagram below shows the difference between Ford Expedition insurance premiums with full coverage and liability only. The data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no definitive formula of when to eliminate physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your Ford Expedition replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after you pay the deductible. If it’s costing you more than $200 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Take these nine policy discounts and save on Ford Expedition insurance in Toledo

Insuring your fleet can be pricey, but there’s a good chance there are discounts that can dramatically reduce your bill. Some trigger automatically when you purchase, but some must be asked for before you will receive the discount. If you aren’t receiving every discount available, you are paying more than you should be.

• Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts can qualify for discounts of 20% or more.
• Onboard Data Collection – Policyholders that allow data collection to monitor driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as they are good drivers.
• Braking Control Discount – Cars and trucks with ABS braking systems or traction control are safer to drive and will save you 10% or more on Expedition insurance in Toledo.
• Claim Free – Toledo drivers who stay claim-free have much lower rates in comparison to policyholders that have many claims.
• Drivers Ed for Students – Teen drivers should take driver’s ed class in high school.
• No Charge for an Accident – This one is not really a discount per se, but companies like Allstate and GEICO will allow you to have one accident without raising rates as long as you don’t have any claims for a particular time prior to the accident.
• Toledo Homeowners Pay Less – Just owning your own home can save a few bucks because it is proof that your finances are in order.
• Defensive Driver – Passing a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
• Discount for New Cars – Insuring a vehicle that is new may earn a small discount because new model year vehicles are generally safer.

It’s important to note that some of the credits will not apply to all coverage premiums. Most only reduce individual premiums such as liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

The example below shows the difference between Ford Expedition yearly insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a female driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, claim-free, multi-car, and marriage discounts applied.

If you would like to choose from a list of insurers that offer the discounts shown above in Toledo, follow this link.

Compare rates but buy from a neighborhood Toledo auto insurance agent

A small number of people still prefer to get professional advice from a licensed agent and that can be a smart move Good agents can help determine the best coverages and help in the event of a claim. The biggest benefit of comparing insurance prices online is that drivers can save money and get lower rates and still have an agent to talk to. Buying from small agencies is definitely important in Toledo.

Upon completion of this form (opens in new window), the quote information is immediately sent to local insurance agents in Toledo who will return price quotes for your insurance coverage. It’s much easier because you don’t need to do any legwork since price quotes are sent directly to you. If you have a need to get a rate quote from one company in particular, you would need to navigate to their website to submit a rate quote request.

Two types of Toledo auto insurance agents

When looking for a local Toledo insurance agent, you need to know there are two different types of agencies and how they are slightly different. Toledo agents are either exclusive or independent agents depending on their company appointments. Both types can write car insurance policies, but it is important to understand how they differ since it can affect the type of agent you choose.

Independent Car Insurance Agents

Agents that choose to be independent are appointed with more than one company and that allows them to write policies with a variety of different insurance companies and find the cheapest rate. If they find a cheaper price, the business is moved internally and that require little work on your part.

When comparing rates, it’s recommended you get some free quotes from at a minimum one independent agency to maximize your price options.

Listed below is a list of independent insurance agents in Toledo that may be able to give you cheap rate quotes.

View more Toledo agents

Exclusive Agents

These type of agents are contracted to one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. They generally cannot shop your coverage around so they have no alternatives for high prices. They are very knowledgeable on their company’s products which helps them compete with independent agents.

Below are Toledo exclusive insurance agencies that are able to give price quotes.

View more Toledo agents

Selecting a insurance agent needs to be determined by more than just a cheap quote. These are some questions your agent should answer.

• Is the quote a firm price?
• Do they review policy coverages at every renewal?
• Is auto insurance their primary focus in Toledo?
• What is their Better Business Bureau rating?
• Are all drivers listed on the coverage quote?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?

Which auto insurance company is best in Ohio?

Insuring your vehicle with the highest-rated auto insurance provider can be challenging considering how many choices you have in Ohio. The company rank data displayed below could help you choose which providers you want to consider comparing rates with.

Top 10 Toledo Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Erie Insurance
5. State Farm
6. Liberty Mutual
7. Safeco Insurance
8. Allstate
9. 21st Century
10. Travelers

Top 10 Toledo Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. Erie Insurance – 88%
3. American Family – 88%
4. State Farm – 88%
5. Nationwide – 88%
6. 21st Century – 88%
7. AAA Insurance – 87%
8. Liberty Mutual – 87%
9. Farmers Insurance – 87%
10. The Hartford – 87%

Specific coverage details

Knowing the specifics of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are the usual coverages available from auto insurance companies.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, theft, hitting a deer, a tree branch falling on your vehicle and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for medical payments

Med pay and PIP coverage pay for immediate expenses such as EMT expenses, dental work, funeral costs, ambulance fees and prosthetic devices. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many Ohio drivers carry very low liability coverage limits (25/50/25), their limits can quickly be used up. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.

Auto liability

Liability insurance can cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things like legal defense fees, medical expenses and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible. Ohio requires minimum liability limits of 25/50/25 but you should consider buying more liability than the minimum.

The next chart demonstrates why low liability limits may not be high enough to adequately cover claims.

Coverage for collisions

This pays for damage to your Expedition from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a ditch, sustaining damage from a pot hole, crashing into a building, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to increase the deductible on your Expedition in order to get cheaper collision rates.

Do the work, save more money

Lower-priced Ford Expedition insurance in Toledo can be bought both online as well as from independent agents in Toledo, so you need to quote Toledo car insurance with both in order to have the best price selection to choose from. Some car insurance companies may not have the ability to get quotes online and these smaller companies prefer to sell through independent insurance agents.

We just presented some good ideas how to find cheap Ford Expedition insurance in Toledo. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest premium rates come from a small local company. These smaller insurers may often insure only within specific states and give better rates as compared to the big name companies such as GEICO and State Farm.

Additional information is available at these links:

• Get the Right Protection (InsureUonline.org)
• Who Has Cheap Toledo Auto Insurance for Handicapped Drivers? (FAQ)
• What Insurance is Cheapest for Business Use in Toledo? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Ford Focus in Toledo? (FAQ)
• Collision Coverage (Liberty Mutual)
• Side Impact Crash Tests (iihs.org)
• Child Safety Seats (Insurance Information Institute)