The most effective way to get cheaper auto insurance rates in Toledo is to compare prices once a year from different companies that insure vehicles in Ohio. Rates can be compared by following these steps.
First, gain an understanding of coverages and the things you can control to drop your rates. Many rating factors that cause high rates like speeding tickets, accidents and a negative credit score can be controlled by improving your driving habits or financial responsibility. Continue reading for the details to help keep prices low and find possible discounts that are available.
Second, request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can give you price quotes for many different companies.
Third, compare the new rates to your existing policy to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.
The key thing to know about shopping around is that you’ll want to make sure you compare the same liability limits and deductibles on each quote and and to look at all possible companies. Doing this guarantees a level playing field and many rates to choose from.
Shockingly, most drivers kept their coverage with the same insurance company for at least the last four years, and nearly half have never even compared quotes to find affordable rates. Drivers in Toledo could save themselves approximately 55% a year just by shopping around, but they don’t believe the amount of money they would save if they just switched companies.
Obtaining price quotes for affordable car insurance in Toledo is actually quite simple. Essentially every person who shops for car insurance will probably be able to lower their premiums. Although Ohio vehicle owners can benefit by having an understanding of the methods companies use to sell insurance online because it can help you find the best coverage.
Cheapest companies for Mercury Mountaineer insurance in Ohio
The providers in the list below have been selected to offer price comparisons in Ohio. If multiple companies are listed, we recommend you visit two to three different companies to get the cheapest price.
Auto insurance statistics and figures
The price information displayed below covers detailed analysis of policy rates for Mercury Mountaineer models. Being able to understand how insurance rates are figured can assist in making decisions on which coverage to buy.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Mountaineer 2WD | $150 | $290 | $256 | $16 | $76 | $788 | $66 |
Mountaineer AWD | $170 | $290 | $256 | $16 | $76 | $808 | $67 |
Mountaineer Premier 2WD | $170 | $342 | $256 | $16 | $76 | $860 | $72 |
Mountaineer Premier AWD | $170 | $342 | $256 | $16 | $76 | $860 | $72 |
Get Your Own Custom Quote Go |
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in zip code location which can modify prices greatly.
Physical damage deductibles
When comparing auto insurance rates, the most common question is which deductibles should you choose. The tables below help summarize the price difference between high and low physical damage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Mountaineer 2WD | $176 | $296 | $226 | $14 | $68 | $805 | $67 |
Mountaineer AWD | $198 | $296 | $226 | $14 | $68 | $827 | $69 |
Mountaineer Premier 2WD | $198 | $348 | $226 | $14 | $68 | $879 | $73 |
Mountaineer Premier AWD | $198 | $348 | $226 | $14 | $68 | $879 | $73 |
Get Your Own Custom Quote Go |
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Mountaineer 2WD | $108 | $186 | $226 | $14 | $68 | $602 | $50 |
Mountaineer AWD | $122 | $186 | $226 | $14 | $68 | $616 | $51 |
Mountaineer Premier 2WD | $122 | $220 | $226 | $14 | $68 | $650 | $54 |
Mountaineer Premier AWD | $122 | $220 | $226 | $14 | $68 | $650 | $54 |
Get Your Own Custom Quote Go |
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Toledo which can alter coverage rates considerably.
Based on these figures, using a $250 deductible costs roughly $19 more each month or $228 annually than requesting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 39 months between claims, you would save more money if you choose a higher deductible.
How to determine when to raise deductibles
Average monthly premium for $250 deductibles: | $71 |
Average monthly premium for $1,000 deductibles (subtract): | – $52 |
Monthly savings from raising deductible: | $19 |
Difference between deductibles ($1,000 – $250): | $750 |
Divide difference by monthly savings: | $750 / $19 |
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 39 months |
One important note is that increasing deductibles to lower your rates means you will have to pay more of your own money if you have a claim. You need to make sure you have some extra funds in order to pay the higher deductible.
Accidents and violations increase rates
The information below shows how traffic citations and at-fault claims can increase Mercury Mountaineer car insurance costs for different categories of driver ages. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
Price comparison of only insuring for liability
The diagram below illustrates the difference between Mercury Mountaineer auto insurance rates with full physical damage coverage and with liability coverage only. The premiums assume a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no clear-cut rule that is best for determining when to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s assume your Mercury Mountaineer settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after paying your policy deductible. If it’s costing you more than $500 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
These seven discounts can slash Mercury Mountaineer insurance rates
Car insurance companies don’t always advertise every policy discount very clearly, so we took the time to find a few of the more well known as well as the least known credits available to lower your premiums when you buy Toledo car insurance online. If you don’t get every credit you qualify for, it’s possible you qualify for a lower rate.
- Driving Data Discount – Insureds who allow data collection to spy on driving manner by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts as long as they are good drivers.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
- Driver Training Discounts – Taking part in a course in defensive driving could possibly earn you a 5% discount and easily pay for the cost of the class.
- Professional Organizations – Being a member of a qualifying organization is a good way to get lower rates on your bill.
- Air Bag Discount – Factory air bags or automatic seat belts may qualify for discounts of up to 25% or more.
- 55 and Retired – If you’re over the age of 55, you could receive a discount up to 10%.
- Buy New and Save – Putting insurance coverage on a new Mountaineer can get you a discount since new model year vehicles have better safety ratings.
Just know that most discounts do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount should help reduce your policy cost.
The information below shows the difference between Mercury Mountaineer yearly insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no violations or claims, 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 multi-car, claim-free, homeowner, safe-driver, multi-policy, and marriage discounts applied.
A partial list of companies that may offer policyholders these money-saving discounts include:
Before you buy a policy, ask each insurance company to give you their best rates. Some discounts may not apply to policies in your state. To view insurance companies who offer discounts in Toledo, follow this link.
How do I know if I need professional advice?
When it comes to buying adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your financial needs are unique.
For instance, these questions can help discover if your insurance needs would benefit from professional advice.
- Who does medical payments coverage extend to?
- Should I buy full coverage?
- How high should my medical payments coverage be?
- Are split liability limits better than a combined single limit?
- Can my teen drive my company car?
- What should my uninsured motorist coverage limits be in Ohio?
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.
What if I want to buy from local Toledo car insurance agents?
Many people still prefer to go talk to an agent and that is not a bad decision One of the great benefits of price shopping on the web is that you can find cheaper rates and still have a local agent. And buying from local insurance agencies is still important in Toledo.
After completing this quick form, your coverage information is instantly submitted to participating agents in Toledo who can give free rate quotes for your insurance coverage. There is no need to find an agent due to the fact that quote results will go directly to your email. You can find better rates and work with a local agent. If for some reason you want to compare prices for a specific company, you can always search and find their rate quote page to submit a rate quote request.
If you are searching for a local insurance agency, you need to know there are two types of insurance agents and how they work. Auto insurance agents can either be exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agencies
Independent agencies often have affiliation with several companies and that allows them to write policies through many companies and find you cheaper rates. If they find a lower price, your policy is moved internally which requires no work on your part. When shopping rates, you need to include price quotes from independent agents so that you can do a thorough price comparison. Many independent agencies also insure through different regional companies which may provide better rates.
Listed below is a small list of independent agencies in Toledo that can possibly get you comparison quotes.
- Nationwide Insurance: AOK Ins and Financial Services LLC
4452 Heatherdowns Blvd – Toledo, OH 43614 – (419) 472-9405 – View Map - House of Insurance
5801 Telegraph Rd – Toledo, OH 43612 – (419) 476-8436 – View Map - Mann Insurance
3005 Douglas Rd – Toledo, OH 43606 – (419) 255-0040 – View Map
Exclusive Insurance Agencies
Agents in the exclusive channel can only write with one company and some examples include Allstate, State Farm and Farmers Insurance. They are unable to compare other company’s rates so they are skilled at selling on more than just price. These agents receive a lot of sales training on their company’s products which can be an advantage. Consumers sometimes buy from exclusive agents primarily because of high brand loyalty rather than low rates.
Below are exclusive insurance agents in Toledo who can help you get price quote information.
- Jan Scotland – State Farm Insurance Agent
4806 Dorr St – Toledo, OH 43615 – (419) 536-4200 – View Map - State Farm: Romie Brown
1843 W Alexis Rd #1 – Toledo, OH 43613 – (419) 480-1212 – View Map - Farmers Insurance – Nicholas Chupp
2338 W Laskey Rd – Toledo, OH 43613 – (419) 861-3412 – View Map
Finding the right car insurance agent should depend on more than just a cheap quote. Ask your prospective agent these questions:
- What discounts might you be missing?
- Do they specialize in personal lines coverage in Toledo?
- Do they have designations such as AIC, CPCU, or CIC?
- Will a damage claim use OEM or aftermarket replacement parts?
- Will the agent or a CSR service your policy?
Insurance coverage specifics
Having a good grasp of your insurance policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.
Comprehensive protection – Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as hitting a bird, a tree branch falling on your vehicle, a broken windshield, rock chips in glass and damage from flooding. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Medical expense coverage – Med pay and PIP coverage pay for immediate expenses such as surgery, rehabilitation expenses and nursing services. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible
Liability – This coverage will cover damages or injuries you inflict on people or other property in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability coverage pays for things such as repair costs for stationary objects, attorney fees, medical services and funeral expenses. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible. Ohio state minimum liability requirements are 25/50/25 but you should consider buying higher limits.
The chart below shows why buying minimum limits may not provide you with enough coverage.
Uninsured or underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Mercury Mountaineer.
Since a lot of drivers only purchase the least amount of liability that is required (Ohio limits are 25/50/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are similar to your liability insurance amounts.
Collision – This coverage pays for damage to your Mountaineer from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims like hitting a parking meter, sustaining damage from a pot hole, colliding with another moving vehicle, colliding with a tree and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible on your Mountaineer to bring the cost down.
Don’t give up on cheap premiums
Insureds leave their current company for a variety of reasons including an unsatisfactory settlement offer, not issuing a premium refund, lack of trust in their agent or being labeled a high risk driver. It doesn’t matter why you want to switch finding the right car insurance provider is not as hard as you think.
When buying insurance coverage, make sure you don’t skimp on critical coverages to save a buck or two. There have been many situations where someone sacrificed collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.
You just learned some good ideas how to get a better price on Mercury Mountaineer insurance in Toledo. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from the least-expected company.
Other information
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Auto Insurance Rates for Government Employees in Toledo? (FAQ)
- How Much are Car Insurance Rates for a Ford Edge in Toledo? (FAQ)
- Who Has Affordable Toledo Car Insurance for Drivers with Accidents? (FAQ)
- How Much is Car Insurance for Police Officers in Toledo? (FAQ)
- How Much are Toledo Auto Insurance Quotes for Teenage Females? (FAQ)
- Who Has Affordable Auto Insurance for Electric Cars in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance After a Speeding Ticket? (FAQ)
- What Insurance is Cheapest for a Chevrolet Silverado in Toledo? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Distracted Driving (Insurance Information Institute)