Car insurance shoppers not familiar with buying auto insurance online are likely to find buying cheap XC90 insurance is harder than it should be.
Amazingly, a recent NerdWallet.com study showed that the majority of drivers have bought auto insurance from the same company for over three years, and nearly half have never quoted auto insurance rates at all. Toledo drivers could save approximately $729 a year by just shopping around, but most just don’t grasp the big savings they would realize if they changed companies.
You should make it a habit to check auto insurance prices before your next renewal because auto insurance rates change quite often. Even if you think you had the best deal on Volvo XC90 insurance in Toledo a few years ago you will most likely find a better price today. Ignore everything you know about auto insurance because you’re about to learn how to use the internet to find lower rates on auto insurance.
Shopping around for cheaper protection in Toledo is simple if you know the tricks. Virtually everyone who is required to buy insurance most likely will find a lower-cost policy. Although Ohio consumers do need to learn how the larger insurance companies charge you for coverage because it varies considerably.
Why Smart Buyers Pay Less for Volvo XC90 Insurance
Lots of factors are used in the calculation when you get your auto insurance bill. Some are pretty understandable like an MVR report, but other criteria are not as apparent like where you live or your commute time. The best way to find cheaper auto insurance is to take a look at the rating factors that come into play when calculating your policy premiums. When consumers understand what determines premiums, this enables informed choices that may reward you with lower auto insurance prices.
Get a ticket, pay higher prices – A bad driving record has a huge affect on how much you pay. Good drivers pay lower auto insurance prices compared to bad drivers. Getting just one ticket can boost insurance rates by twenty percent. Drivers who have gotten license-revoking citations like reckless driving, hit and run or driving under the influence are required to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
The chart below shows how traffic citations and accident claims can affect Volvo XC90 car insurance costs for each different age category. Data assumes a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Liability insurance risk factors – Liability coverage will provide protection if a court rules you are at fault for damages caused by your negligence. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
Premiums are affected by your credit history – A driver’s credit rating factor in determining what you pay for auto insurance. People that have high credit ratings tend to be less risk to insure than drivers with bad credit. So if your credit history leaves room for improvement, you could save money insuring your Volvo XC90 by improving your credit score.
Auto insurance rates and your occupation – Occupations like lawyers, airline pilots, and dentists generally have higher average rates in part from intense work situations and lots of time spent away from family. Conversely, careers like professors, students and homemakers pay the least.
Save by driving safer vehicles – Vehicles that have high safety ratings tend to be cheaper to insure. Vehicles engineered for safety reduce the chance of injuries and fewer serious injuries translates into savings for insurance companies and more competitive rates for policyholders. If the Volvo XC90 is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
Single drivers may pay more – Getting married can get you a discount on your auto insurance bill. Having a significant other may mean you are more mature and responsible and it’s statistically proven that married couples file fewer claims.
Add-on coverages can add up – There are a lot of optional add-on coverages that can waste your money if you don’t pay attention. Coverages for coverage for rental cars, towing, and additional equipment coverage are some examples. These coverages may sound good when deciding what coverages you need, but if they’re wasting money eliminate the coverages to reduce your premium.
The best way we recommend to compare rate quotes for Volvo XC90 insurance in Toledo is to know car insurance companies participate in a system to provide you with free rate quotes. To begin a comparison, all you need to do is give the companies some data including how many miles driven, if you require a SR-22, whether you have decent credit, and marital status. Your insurance information is submitted instantly to insurance companies and you receive quotes immediately.
If you wish to get multiple quotes for your Volvo XC90 now, click here then complete the form.
The companies shown below have been selected to offer quotes in Toledo, OH. If your goal is to find cheap car insurance in OH, it’s a good idea that you visit as many as you can to get the most competitive price.
Detailed insurance information
The coverage table shown below highlights different rate quotes for Volvo XC90 models. Having knowledge of how prices are calculated can help drivers make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $140 | $220 | $298 | $18 | $88 | $764 | $64 |
| XC90 3.2 R-Design 2WD | $140 | $220 | $298 | $18 | $88 | $764 | $64 |
| XC90 3.2 AWD | $156 | $252 | $298 | $18 | $88 | $812 | $68 |
| XC90 V8 AWD | $156 | $252 | $298 | $18 | $88 | $812 | $68 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in specific garaging location which can decrease or increase price quotes noticeably.
Analysis of deductible levels
One of the more difficult decisions when buying insurance is where to set your physical damage deductibles. The following insurance rates may help to illustrate the price difference between low and high physical damage deductibles. The first data table uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $220 | $416 | $226 | $14 | $68 | $969 | $81 |
| XC90 3.2 R-Design 2WD | $220 | $416 | $226 | $14 | $68 | $969 | $81 |
| XC90 3.2 AWD | $246 | $478 | $226 | $14 | $68 | $1,057 | $88 |
| XC90 V8 AWD | $246 | $478 | $226 | $14 | $68 | $1,057 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $122 | $220 | $226 | $14 | $68 | $650 | $54 |
| XC90 3.2 R-Design 2WD | $122 | $220 | $226 | $14 | $68 | $650 | $54 |
| XC90 3.2 AWD | $136 | $252 | $226 | $14 | $68 | $696 | $58 |
| XC90 V8 AWD | $136 | $252 | $226 | $14 | $68 | $696 | $58 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price estimates do not factor in specific Toledo garaging location which can increase or decrease rates noticeably.
Using the data above, we can ascertain that using a $100 deductible costs about $29 more each month or $348 annually than opting for the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 31 months between claim filings, you would probably come out ahead going with the higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $85 |
| Average monthly premium for $1,000 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One important caveat is that raising deductibles results in having to pay to pay more out-of-pocket when you have a comprehensive or collision claim. You should have some funds available in the event you have to pay the deductible for vehicle repair.
The information below demonstrates how deductibles and can increase or decrease Volvo XC90 premium costs for different age groups. The information is based on a single male driver, full coverage, and no discounts are factored in.
Protect your Volvo XC90 and other assets
Even though Toledo XC90 insurance rates can get expensive, auto insurance may not be optional for several reasons.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you drive a 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.
Second, if you have a loan on your Volvo XC90, most lenders will have a requirement that you have full coverage to guarantee loan repayment. If the policy lapses, the lender may insure your Volvo at a more expensive rate and force you to pay a much higher amount than you were paying before.
Third, auto insurance preserves not only your Volvo but also your financial assets. Insurance will also pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if anyone sues you for causing an accident. If you have damage to your Volvo as the result of the weather or an accident, your auto insurance policy will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance outweigh the cost, specifically if you ever have a liability claim. As of last year, the average driver in Ohio is overpaying over $820 a year so smart consumers compare quotes at every policy renewal to help ensure money is not being wasted.
These discounts can lower your auto insurance quotes
Companies don’t always list all discounts very well, so the following is a list of both the well known as well as some of the hidden discounts you could be receiving when you buy Toledo auto insurance online.
- Drive Safe and Save – Insureds who avoid accidents can get discounts for up to 45% lower rates than drivers with accidents.
- Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems help deter theft and will qualify for a discount on a Toledo auto insurance quote.
- College Student Discount – Youth drivers who attend college more than 100 miles from Toledo and do not take a car to college may be insured at a cheaper rate.
- Drivers Education – Have your child complete a driver education course if offered at their school.
- Safety Restraint Discount – Forcing all vehicle occupants to fasten their seat belts could save 15% off the PIP or medical payment premium.
- Driving Data Discount – People who choose to allow data collection to study driving patterns by using a telematic data system such as State Farm’s In-Drive might get better premium rates if their driving habits are good.
- Air Bag Discount – Factory air bags or automatic seat belts can get savings of 20 to 30 percent.
- Own a Home and Save – Just owning your own home can save a few bucks because owning a home shows financial diligence.
Discounts lower rates, but most of the big mark downs will not be given to the overall cost of the policy. A few only apply to individual premiums such as liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, that’s just not realistic. But any discount will positively reduce the amount you have to pay.
The example below compares Volvo XC90 car insurance costs with and without policy discounts. The rate quotes are based on a male driver, no claims or driving violations, 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 marriage, multi-policy, multi-car, homeowner, claim-free, and safe-driver discounts applied.
A partial list of companies who might offer most of these discounts may include but are not limited to:
Before buying, ask each insurance company to apply every possible discount. Some of the discounts discussed earlier might not be offered in Toledo. For a list of insurers with the best discounts in Toledo, click here to view.
Exclusive versus independent auto insurance agents
Many drivers just want to get advice from a local agent and that can be a great decision An additional benefit of comparing auto insurance online is that you can obtain cheaper car insurance rates and still buy from a local agent. Putting coverage with neighborhood insurance agencies is definitely important in Toledo.
After completing this simple form, your information is submitted to local insurance agents who will return price quotes for your coverage. It’s much easier because you don’t need to drive around since price quotes are sent straight to your inbox. You can find better rates AND a local agent. If you need to compare rates from a specific company, you can always navigate to their website and fill out their quote form.
What type of Toledo auto insurance agent is right for you?
If you would like to find a good insurance agency, it can be helpful to understand the types of insurance agents that you can select. Auto insurance agents in Toledo can be described as either exclusive or independent.
Independent Agents
These type of agents are not restricted to one company and that allows them to write policies with any number of different companies and find the cheapest auto insurance rates. If they find a lower price, they simply move your policy to a different company which requires no work on your part. When comparing auto insurance rates, you will want to contact a few independent agents to get the most accurate price comparison. Most have the option of insuring with smaller regional carriers that may provide cheaper auto insurance rates.
Shown below are independent agents in Toledo that may be able to provide comparison quotes.
- Brooks Insurance
1120 Madison Ave – Toledo, OH 43604 – (419) 243-1191 – View Map - D and R Insurance Inc
240 S Reynolds Rd – Toledo, OH 43615 – (419) 535-5600 – View Map - Burnor Insurance Agency Inc.
316 N Michigan St – Toledo, OH 43604 – (419) 243-6108 – View Map
Exclusive Insurance Agencies
Agents of this type are contracted to one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot give you multiple price quotes so you need to shop around if the rates are high. Exclusive agents are highly trained on their products and sales techniques which helps them sell on service rather than price. Consumers frequently use the same agent mainly due to the prominent brand name and strong financial ratings.
Shown below is a list of exclusive insurance agents in Toledo that are able to give comparison quotes.
- Nathan Ensey – State Farm Insurance Agent
4024 N Holland Sylvania Rd Ste 6 – Toledo, OH 43623 – (419) 517-8811 – View Map - Jeff Traudt – State Farm Insurance Agent
2828 Central Ave – Toledo, OH 43606 – (419) 473-3276 – View Map - Allstate Insurance: J. Mark Atkins
5330 Heatherdowns Blvd Ste 203 – Toledo, OH 43614 – (419) 867-8887 – View Map
Finding the right auto insurance agent requires more thought than just a cheap price. Ask your prospective agent these questions:
- Are there any discounts that you might be missing?
- Do they offer rental car reimbursement?
- Does the agency have a good rating with the Better Business Bureau?
- Are aftermarket or OEM parts used to repair vehicles?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How many years of experience in personal auto insurance do they have?
You are unique and your auto insurance should be too
When it comes to buying insurance from an agent or online, there is no one-size-fits-all type of policy. Your needs are unique to you and your auto insurance should unique, too.
For instance, these questions might point out if your situation would benefit from professional advice.
- How high should my uninsured/underinsured coverage be in Ohio?
- What does medical payments cover?
- Who is covered when they drive my Volvo XC90?
- Do I have coverage when pulling a U-Haul trailer?
- Am I covered if I hit someone who is not insured?
- Should I sign the liability waiver when renting a car?
- Is there coverage for injuries to my pets?
- Is my teen driver covered when they drive my company car?
- Does my Volvo XC90 qualify for pleasure use?
If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Cover all your bases
We’ve covered many ideas to save on Volvo XC90 insurance in Toledo. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest premium rates come from a small local company. Some small companies often have lower prices on specific markets as compared to the big name companies such as Allstate and Progressive.
As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, an insured cut liability limits or collision coverage only to find out they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at the best cost and still be able to protect your assets.
There are still a few companies who may not provide the ability to get quotes online and these regional insurance providers only sell coverage through local independent agents. Cheaper Volvo XC90 insurance in Toledo is definitely available on the web as well as from independent agents in Toledo, and you should be comparing both to get a complete price analysis.
How to find lower priced Volvo XC90 insurance in Toledo
It takes a few minutes, but the best way to find cheaper quotes for car insurance rates is to start comparing rates regularly from providers who sell insurance in Toledo. You can shop around by following these guidelines.
- Take a little time to learn about how companies price auto insurance and the measures you can take to lower rates. Many things that cause high rates such as traffic citations and a low credit rating can be remedied by being financially responsible and driving safely.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO or State Farm, while independent agencies can provide price quotes from many different companies.
- Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
A valuable tip to remember is to try to use the same physical damage deductibles and liability limits on each price quote and to quote with as many companies as you can. This helps ensure a level playing field and the most accurate and complete price analysis.
More information is available on the following sites:
- Teen Driver Licensing Information (iihs.org)
- What Car Insurance is Cheapest for a Honda Civic in Toledo? (FAQ)
- Who Has Cheap Car Insurance Quotes for Low Income Drivers in Toledo? (FAQ)
- Who Has the Cheapest Toledo Car Insurance Rates for Drivers Requiring a SR22? (FAQ)
- Who Has Cheap Auto Insurance Rates for Uninsured Drivers in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance Rates for Unemployed Drivers? (FAQ)
- How to Avoid Common Accidents (State Farm)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Collision Insurance Coverage (Nationwide)