Sad but true, the vast majority of insurance customers in Ohio kept buying from the same company for a minimum of four years, and just short of a majority have never compared quotes from other companies. U.S. consumers can save hundreds of dollars each year just by getting comparison quotes, but they feel it’s too difficult to go online and compare rates.
If your goal is the lowest price, then the best way to find the cheapest price for car insurance rates in Toledo is to start doing an annual price comparison from insurers who sell insurance in Ohio. Drivers can shop around by following these steps.
First, get a basic knowledge of how companies price auto insurance and the things you can change to keep rates in check. Many factors that drive up the price such as at-fault accidents, speeding tickets, and a not-so-good credit score can be eliminated by paying attention to minor details. Read the full article for information to prevent high rates and find overlooked discounts.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and Allstate, while agents who are independent can provide prices from multiple insurance companies.
Third, compare the price quotes to your current policy to see if a cheaper rate is available. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, tell your current agent or company of your intent to cancel your current auto insurance policy and submit a completed policy application and payment to the new company. Once the paperwork is finalized, safely store the certificate verifying proof of insurance in an accessible location in your vehicle.
One piece of advice is to compare the same coverage limits and deductibles on every quote and and to get rate quotes from as many companies as you can. Doing this provides an apples-to-apples comparison and a better comparison of the market.
Finding a better price on insurance can be relatively painless. Consumers just need to invest a little time comparing rate quotes to find out which insurance company has affordable Toledo auto insurance quotes.
The car insurance companies shown below offer free quotes in Ohio. In order to find cheap car insurance in Toledo, we suggest you click on several of them to get the most competitive price.
Nissan Sentra insurance rates and statistics
The table displayed next showcases a range of coverage prices for Nissan Sentra models. Being aware of how prices are determined is important to be able to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sentra 2 | $150 | $340 | $274 | $16 | $82 | $862 | $72 |
| Sentra 2.0 S | $150 | $400 | $274 | $16 | $82 | $922 | $77 |
| Sentra 2.0 SR | $150 | $400 | $274 | $16 | $82 | $922 | $77 |
| Sentra 2.0 SL | $172 | $400 | $274 | $16 | $82 | $944 | $79 |
| Sentra SE-R | $172 | $400 | $274 | $16 | $82 | $944 | $79 |
| Sentra SE-R SPEC V | $172 | $460 | $274 | $16 | $82 | $1,004 | $84 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific zip code location which can decrease or increase prices substantially.
Nissan Sentra insurance premiums by gender and age
The illustration below illustrates the comparison of Nissan Sentra auto insurance rates for male and female drivers. The information is based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Why you need insurance
Even though it can be expensive, buying insurance may be mandatory for several reasons.
- Almost all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability in order to license the vehicle. 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 your vehicle has a loan, almost all lenders will force you to have full coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Nissan at a significantly higher premium and require you to pay for the expensive policy.
- Insurance safeguards both your assets and your car. It will also pay for medical bills for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of having insurance greatly outweigh the cost, especially for larger claims. But the average driver in Ohio overpays as much as $750 every year so we recommend shopping around at every policy renewal to ensure rates are inline.
How Your Sentra Insurance Rates are Determined
An important part of buying insurance is that you know some of the elements that go into determining your policy premiums. If you know what impacts premium levels, this enables informed choices that can help you get cheaper rates. Multiple criteria are used in the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are more transparent such as your marital status or your vehicle rating.
The itemized list below are a few of the “ingredients” used by your company to calculate premiums.
Insurance claims cost money – If you frequently file small claims, you shouldn’t be surprised to get increased rates or even have your policy non-renewed. Auto insurance companies in Ohio award lower rates to insureds who are claim-free. Your car insurance is intended for claims that you cannot pay yourself.
Policy add-ons could be costing you – There are a ton of add-on coverages that can add up if you don’t pay attention. Things like rental car coverage, towing coverage, and extra equipment coverage are some examples. They may sound like good ideas initially, but if you have no use for them consider taking them off your policy.
Save by driving safer cars – Vehicles that have high safety ratings tend to have lower insurance rates. Safe vehicles help reduce the chance of injuries in an accident and reduced instances of injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your Nissan Sentra scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
With age comes lower premiums – Older insureds have been proven to be more responsible, tend to file fewer claims, and get fewer tickets. Teenage drivers are statistically shown to be inattentive and easily distracted when at the wheel of a vehicle and because of this, their insurance rates are much higher.
The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Having a spouse is a bonus – Your spouse can get you a discount compared to being single. Marriage translates into being more mature and statistics show drivers who are married are more cautious.
Get a ticket, pay higher costs – How you drive can have a huge impact on auto insurance premiums. Having a single citation can boost insurance rates to the point where it’s not affordable. Drivers with clean records get better rates as compared to those with violations. Drivers who have received severe violations like DUI or willful reckless driving are required to prove financial responsibility with their state’s licensing department in order to legally drive.
The chart below illustrates how speeding tickets and fender-benders impact Nissan Sentra insurance costs for different age categories. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
Low deductibles can be expensive – Physical damage deductibles state the amount of money you are required to spend if a claim is determined to be covered. Insurance for physical damage, aka comp and collision, is used to repair damage to your car. Examples of some claims that would be covered would be rear-ending another vehicle, vandalism, and having a roll-over accident. The larger the amount you’re willing to pay, the bigger discount you will receive.
Loss statistics for a Nissan Sentra – Insurance companies use statistical claims data to help calculate premium prices. Vehicles that have a trend towards higher claim severity or frequency will have a higher cost to insure.
The next table shows the historical loss data for Nissan Sentra vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make, model or trim level, is set at 100. Percentage numbers below 100 suggest losses that are better than average, while values that are 100 or greater indicate a higher chance of having a claim or an increased likelihood of larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Nissan Sentra | 120 | 107 | 81 | 158 | 179 | 141 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
More effort can pay off
You just learned a lot of information how to get a better price on Nissan Sentra insurance in Toledo. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Drivers may even discover the lowest premium rates are with the smaller companies.
Insureds who switch companies do it for a number of reasons such as being labeled a high risk driver, not issuing a premium refund, delays in paying claims and policy cancellation. Regardless of your reason for switching companies, finding the right car insurance provider is actually quite simple.
When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability coverage limits only to find out that the savings was not a smart move. Your focus should be to buy the best coverage you can find at the best possible price, but do not skimp to save money.
More detailed car insurance information can be read at these sites:
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Toledo Auto Insurance for Teenage Males? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Toledo? (FAQ)
- How Much is Auto Insurance for a Company Car in Toledo? (FAQ)
- Who Has the Cheapest Toledo Car Insurance Rates for Good Students? (FAQ)
- How Much are Auto Insurance Quotes for a School Permit in Toledo? (FAQ)
- What Insurance is Cheapest for Homeowners in Toledo? (FAQ)
- Who Has Cheap Toledo Car Insurance for a Nissan Sentra? (FAQ)
- Who Has Cheap Auto Insurance Rates for Uninsured Drivers in Toledo? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Determining Auto Insurance Rates (GEICO)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)