Affordable Insurance for a Nissan Versa in Toledo

There isn’t anyone who likes paying for auto insurance, especially knowing they could find better prices if they shop around.

Smart shoppers know that auto insurance companies don’t want customers comparing rates. Consumers who do rate comparisons are likely to switch auto insurance companies because there is a high probability of finding a more affordable policy. A recent survey found that consumers who faithfully checked for cheaper rates saved approximately $3,500 over four years compared to those who never shopped around for better prices.

If finding discount rates on insurance in Toledo is the reason you’re reading this, then having some insight into the best way to quote and compare insurance premiums can save time, money, and frustration.

Because you have many options for buying cheaper insurance for a Nissan Versa in Toledo, it’s difficult to find the right company.

You should take the time to compare prices periodically due to the fact that insurance prices are usually higher with each renewal. Even if you got the best quotes on Nissan Versa insurance in Toledo two years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because you’re about to learn the things you must know in order to properly buy coverages and cut your premium.

Get cheaper rates on Nissan Versa insurance in Toledo with these five discounts

Insuring your fleet can be pricey, but there may be some discounts that can drop the cost substantially. A few discounts will be applied at quote time, but less common discounts must be specifically requested prior to receiving the credit.

• Waiver for an Accident – Not really a discount, but companies like Allstate, State Farm and GEICO will forgive one accident before your rates go up if you are claim-free for a set time period.
• Senior Citizen Rates – If you’re over the age of 55, you are able to get lower premium rates.
• Early Renewal Discounts – A few larger companies offer discounts for buying a policy prior to your current Versa insurance policy expiring. You can save around 10% with this discount.
• New Car Discount – Insuring a vehicle that is new can be considerably cheaper since new model year vehicles are generally safer.
• Good Student Discount – Getting good grades may save you up to 25%. Most companies allow this discount up to age 25.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like you could get a free car insurance policy, companies don’t profit that way.

The illustration below shows the comparison of Nissan Versa insurance prices with and without discounts applied to the policy rates. The price estimates are based on a female driver, no violations or claims, Ohio state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, homeowner, multi-policy, and claim-free discounts applied.

To view providers that offer discounts in Ohio, click here.

Just remember that comparing a large number of companies will enable you to find a lower rate.

The companies in the list below can provide free rate quotes in Toledo, OH. To get cheaper auto insurance in Toledo, OH, we recommend you click on several of them to get the lowest price.

Analysis of coverages

The data table displayed below outlines a range of insurance coverage prices for Nissan Versa models. Learning as much as possible about how premiums are formulated can be valuable when making informed decisions when comparing rates.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific Toledo garaging location which can decrease or increase auto insurance rates noticeably.

Deductible comparison

A question often asked by Toledo drivers is what deductibles to buy. The data tables below can help you understand the costs and benefits when you buy lower versus higher physical damage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate information does not factor in vehicle garaging location which can impact rates significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $17 more each month or $204 a year averaged for all Versa models than selecting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go more than 24 months between claim filings, you would save more money going with the higher deductible.

The information below shows how choosing a deductible and can raise or lower Nissan Versa insurance premiums for each different age category. The price estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

Responsible drivers pay cheaper Toledo insurance rates

The information below highlights how traffic violations and accident claims can increase Nissan Versa insurance rates for different age groups. Data assumes a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Yearly insurance costs for men versus women

The illustration below compares Nissan Versa insurance costs for male and female drivers. The premiums assume no claims or driving violations, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are applied.

Full coverage versus liability-only

The information below compares Nissan Versa car insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.

Are you wasting money on full coverage?

There is no exact formula that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Nissan Versa replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after you pay the deductible. If premiums are more than $200 annually for your policy with full coverage, then it might be time to buy liability only.

There are some situations where only buying liability is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Comparing quotes from local Toledo insurance agencies

Certain consumers still prefer to get professional advice from a licensed agent and that is recommended in a lot of cases One of the great benefits of comparing auto insurance online is the fact that drivers can get lower rates and still choose a local agent. Supporting local agencies is important especially in Toledo.

For easy comparison, once you complete this quick form, your coverage information is instantly submitted to local insurance agents who can give free rate quotes for your insurance coverage. You don’t have to drive around because quoted prices will be sent straight to your inbox. You can find lower rates and a licensed agent to talk to. In the event you want to quote rates from one company in particular, don’t hesitate to visit that company’s website and submit a quote form there.

Not all car insurance agents are the same

If you want a reliable insurance agency, you need to know there are two different types of agents and how they are slightly different. Insurance agencies in Toledo are classified as either independent or exclusive.

Independent Auto Insurance Agents (or Brokers)

Independent insurance agents can sell policies from many different companies and that enables them to quote your coverage through many different auto insurance companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply switch companies in-house which is easy for the insured.

When comparison shopping, you will definitely want to include rate quotes from at least one independent agent for maximum quote selection.

Below is a short list of independent agencies in Toledo that can give you free auto insurance quotes.

View more Toledo agents

Exclusive Auto Insurance Agencies

Agents that choose to be exclusive can only provide pricing for a single company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to shop your coverage around so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on the products they sell which helps them compete with independent agents.

Shown below is a list of exclusive agents in Toledo willing to provide price quotes.

View more Toledo agents

Selecting an auto insurance agent shouldn’t rely on just a low price. Some important questions to ask are:

• Do they make recommendations based only on price?
• Which insurance company do they prefer to write with?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Where would glass claims be handled in Toledo?
• Do they feel the quoted coverages are adequate?

Car insurance in Ohio serves several purposes

Despite the high insurance cost for a Nissan Versa in Toledo, insuring your vehicle serves several important purposes.

• Just about all states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance 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 your vehicle has a lienholder, most lenders will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Nissan at an extremely high rate and make you pay much more than you were paying before.
• Car insurance protects your Nissan Versa and your assets. Insurance will also pay for medical expenses that are the result of an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of buying car insurance more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in Ohio overpays more than $865 each year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.

Car insurance coverage considerations

Understanding the coverages of a car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverages found on the average car insurance policy.

Collision insurance

Collision coverage will pay to fix damage to your Versa from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a parking meter, sideswiping another vehicle, driving through your garage door, scraping a guard rail and crashing into a building. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also increase the deductible on your Versa to get cheaper collision coverage.

Comprehensive coverage

This will pay to fix 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 coverage protects against claims such as fire damage, hail damage, damage from flooding and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Nissan Versa.

Since many Ohio drivers carry very low liability coverage limits (which is 25/50/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverages

Liability insurance protects you from injuries or damage you cause to other’s property or people that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability can pay for claims such as bail bonds, attorney fees and repair costs for stationary objects. How much liability coverage do you need? 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 chart below shows why minimum state limits may not be high enough to cover claims.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for immediate expenses such as X-ray expenses, nursing services and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Shop smart and save

We just showed you a lot of information how to shop for Nissan Versa insurance online. The key concept to understand is the more companies you get prices for, the higher your chance of finding cheaper Toledo auto insurance quotes. You may even find the lowest premium rates are with a smaller regional carrier. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.

Some car insurance companies do not offer rate quotes online and these small insurance companies work with independent insurance agents. Discount Nissan Versa insurance is available from both online companies as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from.

Steps to finding affordable Nissan Versa insurance in Toledo

It takes a few minutes, but the best way to find cheaper prices for Nissan Versa insurance is to compare prices once a year from different companies in Toledo.

1. Get an understanding of car insurance and the things you can control to keep rates in check. Many policy risk factors that drive up the price such as accidents, careless driving, and poor credit history can be improved by making minor changes to your lifestyle.
2. Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies. View a list of agents
3. Compare the price quotes to the premium of your current policy and determine if there is any savings. If you can save money, make sure coverage is continuous and does not lapse.

The key aspect of shopping around is that you use similar coverage information on each quote and and to look at as many companies as possible. This helps ensure a level playing field and a better comparison of the market.

Additional car insurance information is available at the links below

• Smart Auto Insurance Tips (Insurance Information Institute)
• How Much are Toledo Auto Insurance Quotes for a 20 Year Old Female? (FAQ)
• What Car Insurance is Cheapest for a Honda Civic in Toledo? (FAQ)
• Get the Right Protection (InsureUonline.org)
• Speed and Speed Limit FAQ (iihs.org)
• Collision Coverage (Liberty Mutual)