Cheap Insurance for a Pontiac Vibe in Toledo

It takes a little time, but the best way to get affordable auto insurance rates in Toledo is to start doing a yearly price comparison from insurance carriers in Ohio. Rate comparisons can be done by following these guidelines.

• First, try to learn a little about how companies set rates and the steps you can take to drop your rates. Many factors that result in higher prices such as traffic tickets, fender benders, and a negative credit rating can be remedied by improving your driving habits or financial responsibility. Read the full article for ideas to help prevent costly coverage and find hidden discounts.
• Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive and State Farm, while independent agencies can provide price quotes from multiple companies. Click to view companies
• Third, compare the price quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.

A good tip to remember is that you use the same amount of coverage on every quote request and and to look at every company you can. This enables a fair rate comparison and the best price quote selection.

It’s well known that insurance companies want to keep your business as long as possible. Consumers who shop around at least once a year will, in all likelihood, switch auto insurance companies because there is a high probability of finding more affordable rates. A recent survey found that drivers who made a habit of comparing rates saved as much as $3,450 over four years compared to policyholders who don’t regularly compare prices.

If finding the lowest price on car insurance in Toledo is your target objective, then having a good understanding the best way to quote and compare car insurance can save money and time.

Quoting and comparing affordable coverage in Toledo is not as hard as you may think. If you are insured now or just want a better rate, you can use these techniques to get lower rates and still have adequate protection. Vehicle owners just have to understand the least time-consuming way to get comparison rates online.

Buy Toledo Pontiac Vibe insurance online

Finding a lower price on insurance can be relatively painless. All you need to do is take the time to get quotes to find the company with inexpensive Toledo auto insurance quotes.

The companies in the list below are ready to provide free rate quotes in Toledo, OH. If multiple companies are listed, we suggest you click on several of them to get a more complete price comparison.

Analysis of Pontiac Vibe rates

The coverage table shown next highlights estimates of prices for Pontiac Vibe models. Having a better understanding of how insurance premiums are determined can be valuable when making decisions when choosing a new policy provider.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Table data does not factor in garaging location in Toledo which can alter premium rates significantly.

Choosing deductibles

The hardest decision when buying coverage is how high should your deductibles be. The rates below lay out the rate differences between low and high coverage deductibles. The first data table uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in Toledo location which can raise or lower rates significantly.

Based on this data, using a $250 deductible will cost you roughly $9 more each month or $108 every year than quoting the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 28 months between claims, you would come out ahead by selecting a higher deductible.

Does full coverage make sense?

The chart below shows the comparison of Pontiac Vibe car insurance rates with full coverage compared to only the Ohio minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no exact rule of when to eliminate physical damage insurance, but there is a general convention. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Pontiac Vibe claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your policy deductible. If it’s costing you more than $300 a year to have full coverage, then you might want to think about dropping full coverage.

There are some cases where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Why you need to buy car insurance

Despite the fact that car insurance is not cheap in Toledo, paying for car insurance is not optional due to several reasons.

• Most states have mandatory insurance requirements which means state laws require a specific level 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.
• If you bought your vehicle with a loan, it’s guaranteed your bank will make it mandatory that you buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Pontiac for a lot more money and require you to reimburse them the higher premium.
• Insurance safeguards both your Pontiac and your assets. Insurance will also pay for many types of medical costs incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your car is damaged in a storm or accident, your car insurance policy will pay to repair the damage.

The benefits of carrying adequate insurance more than cancel out the cost, especially if you ever need it. Despite what companies tell you, the average driver is overpaying over $850 per year so you should quote rates at every renewal to make sure the price is not too high.

Why You Might Pay Increased Rates in Toledo

Many different elements are used when you get your auto insurance bill. Some are pretty understandable such as your driving record, but others are not quite as obvious such as your credit history or your commute time. The best way to find cheaper insurance is to take a look at the different types of things that help calculate your policy premiums. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

Your gender affects costs – Statistics have proven women are more cautious behind the wheel. This data doesn’t prove that women are BETTER drivers than men. Women and men get in accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Not only are claims higher, but men receive more major tickets such as DWI and reckless driving.

The illustration below illustrates the difference between Pontiac Vibe auto insurance costs for male and female drivers. The prices are based on no tickets, no at-fault accidents, full coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Pleasure use saves money – The higher the mileage driven annually the more you’ll pay to insure your vehicle. A lot of companies apply a rate based on how the vehicle is used. Autos used primarily for pleasure use can get a lower rate compared to those used for work or business. Having an incorrect usage rating on your Vibe may be costing you. Make sure your insurance policy properly reflects the correct driver usage, because improper ratings can cost you money.

Raise your coverage deductibles for better prices – Comp and collision deductibles are how much you are required to spend out-of-pocket before your insurance pays a claim. Physical damage coverage, aka comp and collision, covers damage that occurs to your car. Examples of covered claims are collision with another vehicle, damage caused by hail, and having a roll-over accident. The more damage repair cost the insured has to pay upfront, the bigger discount you will receive.

Insurance rates and your occupation – Did you know your occupation can influence how much you pay for insurance? Occupational choices like military personnel, business owners, and stock brokers usually pay higher average rates attributed to high stress levels and long work hours. On the other hand, jobs like actors, students and the unemployed receive lower rates.

Vehicle options impact premiums – Buying a car with advanced anti-theft systems can help bring down rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft and help bring rates down.

Single drivers may have higher prices – Having a spouse may cut your premiums on your insurance policy. It usually means you are more stable financially and it’s statistically proven that drivers who are married file infrequent claims.

Influences performance influences auto insurance prices – The performance of the car, truck or SUV you need to insure makes a substantial difference in the rate you pay. The cheapest rates are generally reserved for economy passenger models, but the final cost of insurance is determined by many other factors.

The following chart uses these assumptions: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It illustrates Pontiac Vibe policy rates compared to other vehicles that have different performances.

Pontiac Vibe insurance discounts in Toledo

Car insurance companies do not advertise every available discount very well, so the list below details both the well known as well as the least known car insurance savings. If you do not check that you are getting every discount available, you’re just leaving money on the table.

• Discounts for Multiple Vehicles – Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
• Discounts for Good Drivers – Drivers who avoid accidents can save up to 40% or more on their Toledo auto insurance quote than drivers with accidents.
• ABS Brakes – Anti-lock brake equipped vehicles are safer to drive so you can save 10 percent or more.
• Discounts for Federal Employees – Employees or retirees of the government may qualify for a discount when you quote Toledo auto insurance but check with your company.
• Discount for Low Mileage – Low annual miles can earn discounted rates on garaged vehicles.
• Student Driver Training – Have your child enroll and complete driver’s education in school.
• Student Discounts – Maintaining excellent grades can save 20 to 25%. Most companies allow this discount up to age 25.
• First Accident Forgiveness – This isn’t a discount exactly, but companies like State Farm, Progressive and GEICO will let one accident slide before hitting you with a surcharge if your claims history is clear for a certain period of time.

It’s important to understand that most discount credits are not given to the entire policy premium. Most only cut the price of certain insurance coverages like medical payments or collision. Even though it appears all the discounts add up to a free policy, companies don’t profit that way. But all discounts should definitely cut your policy premium.

The diagram below illustrates the comparison of Pontiac Vibe insurance costs with and without discounts applied to the premium. The price estimates are based on a female driver, a clean driving record, no claims, 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 homeowner, marriage, multi-policy, multi-car, claim-free, and safe-driver discounts applied.

To view providers with discount rates in Toledo, follow this link.

Do I need an insurance agent?

A lot of people would prefer to sit down and talk to an agent and doing that can be a smart decision Good insurance agents are trained risk managers and give you someone to call. One of the benefits of comparing insurance prices online is the fact that drivers can get cheap car insurance quotes and still have an agent to talk to. Putting coverage with local insurance agencies is especially important in Toledo.

After completing this form (opens in new window), your information is transmitted to agents in your area who want to provide quotes for your business. You don’t have to contact any agents because prices are sent to you directly. If you wish to get a price quote for a specific company, you can always visit that company’s website to submit a rate quote request.

Exclusive or Independent: There is a difference

When researching a local Toledo insurance agency, it helps to know the two different types of agencies that differ in how they can insure your vehicles. Car insurance agents can be classified as either independent agents or exclusive agents depending on their employer. Both can sell car insurance policies, but it’s important to point out the difference in how they write coverage because it may have an impact on which agent you choose.

Independent Car Insurance Agents (or Brokers)

These type of agents are not required to write business for one company so as a result can place your coverage with lots of companies and find you the best rates. If they quote lower rates, they simply switch companies in-house and you don’t have to find a new agent. When comparing rate quotes, you should always include price quotes from several independent insurance agents to ensure the widest selection of prices. A lot of them also have access to lesser-known insurance companies that may have much lower rates than larger companies.

Featured below is a partial list of independent agencies in Toledo that may be able to provide price quotes.

• Walton Insurance LLC
  3307 N Holland Sylvania Rd #6 – Toledo, OH 43615 – (419) 725-2886 – View Map
• Fox Insurance
  4560 Heatherdowns Blvd # 103 – Toledo, OH 43614 – (419) 385-2797 – View Map
• Mouch Insurance Associates, Inc.
  3132 W Sylvania Ave – Toledo, OH 43623 – (419) 725-0056 – View Map

View more Toledo agents

Exclusive Agents

Agents that choose to be exclusive can only write with one company such as American Family, State Farm, and Allstate. Exclusive agents cannot place coverage with different providers so keep that in mind. Exclusive agencies receive extensive training on the products they sell and that allows them to sell at a higher price point. A lot of people buy from exclusive agents primarily because of the prominent brand name rather than having the cheapest rates.

Shown below is a short list of exclusive agents in Toledo who can help you get rate quotes.

• State Farm: Romie Brown
  1843 W Alexis Rd #1 – Toledo, OH 43613 – (419) 480-1212 – View Map
• State Farm: Rex Sims
  111 N Reynolds Rd – Toledo, OH 43615 – (419) 531-4036 – View Map
• Allstate Insurance: Evans Insurance Group Corp.
  1900 Monroe St – Toledo, OH 43604 – (419) 241-8061 – View Map

View more Toledo agents

Selecting an car insurance agent should include more criteria than just the quoted price. Any good agent in Toledo should know the answers to these questions.

• Will your rates increase after a single accident?
• If independent agents, which companies do they recommend?
• Will the company cover a rental car if your car is getting fixed?
• Can glass claims be handled at your home?
• How long has their agency been in business in Toledo?
• Do they receive special compensation for putting your coverage with one company over another?

After getting reasonable responses to your questions as well as offering an affordable quote, you’ve probably found a car insurance agent that can provide car insurance coverage. Keep in mind it’s your coverage and you can cancel coverage whenever you want so never assume you are locked into a specific agent for the entire policy term.

Cheap coverage is out there

When searching for affordable Toledo auto insurance quotes, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where someone dropped uninsured motorist or liability limits only to find out that it was a big mistake. The proper strategy is to buy enough coverage for the lowest cost, not the least amount of coverage.

Cost effective Pontiac Vibe insurance can be sourced both online and from local insurance agents, so you need to shop Toledo auto insurance with both to have the best selection. There are still a few companies who don’t offer online quoting and these small insurance companies prefer to sell through independent agents.

Drivers switch companies for a variety of reasons including being labeled a high risk driver, not issuing a premium refund, poor customer service and even lack of trust in their agent. Regardless of your reason for switching companies, switching auto insurance companies can be less work than you think.

Additional information

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Who Has Cheap Car Insurance for Lyft Drivers in Toledo? (FAQ)
• Who Has Cheap Car Insurance for Drivers Over Age 70 in Toledo? (FAQ)
• Anti-Lock Brake FAQ (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)