Cheap Volvo XC70 Insurance in Toledo

A recent study showed that the vast majority of drivers have purchased from the same company for four years or more, and approximately 40% of consumers have never compared rates with other companies. Drivers in Ohio could save as much as $729 a year, but they just don’t understand the large savings they would see if they switched to a cheaper policy.

It takes a little time, but the best way to find discount Volvo XC70 insurance in Toledo is to make a habit of comparing prices annually from different companies in Ohio. You can compare rates by following these guidelines.

• First, read and learn about the coverage provided by your policy and the changes you can make to drop your rates. Many policy risk factors that result in higher prices such as getting speeding tickets and a not-so-good credit rating can be remedied by making lifestyle changes or driving safer. Later in this article we will cover more details to help keep prices low and find overlooked discounts.
• Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can provide rate quotes for a wide range of insurance providers.
• Third, compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Toledo. If you can save some money, make sure there is no lapse in coverage.
• Fourth, tell your current agent or company of your intention to cancel your current coverage. Submit the application along with any required down payment to your new carrier. Don’t forget to keep the new certificate verifying proof of insurance in your glove compartment.

The most important part of this process is to use the same deductibles and limits on every quote and and to get price quotes from as many auto insurance providers as possible. Doing this helps ensure the most accurate price comparison and a complete price analysis.

The companies in the list below have been selected to offer comparison quotes in Toledo, OH. If multiple companies are listed, we suggest you compare several of them to find the cheapest car insurance rates.

Auto insurance analysis for a Volvo XC70

The coverage table displayed below showcases a range of coverage costs for Volvo XC70 models. Having knowledge of how insurance quotes are determined can help drivers make smart choices when purchasing an insurance policy.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific location information which can influence prices noticeably.

Analysis of deductible levels

When shopping for auto insurance, a common question is how high should your deductibles be. The comparison tables below outline the costs and benefits when you buy lower versus higher coverage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.

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, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in zip code location which can change insurance rates noticeably.

We can estimate from the data above that using a $250 deductible costs approximately $12 more each month or $144 annually than choosing the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 21 months between claims, you would save money by going with a higher deductible. The numbers below show the way you can perform this determination yourself.

An important thing to remember is that raising deductibles means you will have to pay more when you have a physical damage claim. That will require enough money stashed away in the event you have to pay the higher deductible.

The chart below demonstrates how deductibles and can impact Volvo XC70 insurance costs for different age categories. The costs are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Illustration showing the impact of accidents and violations

The information below illustrates how speeding tickets and at-fault claims can increase Volvo XC70 yearly insurance costs for different age groups of insureds. The information is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

Volvo XC70 insurance costs by gender and age

The example below shows the comparison of Volvo XC70 car insurance rates for male and female drivers. The costs are based on a clean driving record, no claims, comp and collision included, $100 deductibles, marital status is single, and no additional discounts are factored in.

Full coverage rates vs. liability-only in Toledo

The example below illustrates the comparison of Volvo XC70 car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no tickets, no at-fault accidents, $250 deductibles, single status, and no other discounts are factored in.

Should you pay for full coverage?

There is no definitive formula of when to phase out comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s say your Volvo XC70 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your policy deductible. If premium cost is more than $200 annually for full coverage, then it could be time to drop full coverage.

There are some circumstances where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage as part of 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 not opt for liability only.

Verify you’re getting every discount

The cost of insuring your cars can be expensive, but there could be significant discounts that could drop your premiums quite a bit. A few discounts will be applied at quote time, but a few need to be asked for prior to receiving the credit.

• Discount for Multiple Policies – If you can combine your homeowners and auto policy with one company you could get a discount of over 10 percent off each policy depending on the company.
• Good Students Pay Less – This discount may save you up to 25%. Many companies even apply the discount to college students up until you turn 25.
• Own a Home – Owning a home in Toledo can save you money because it means you have a higher level of financial diligence.
• Anti-theft Discount – Vehicles that have factory anti-theft systems are stolen less frequently and earn discounts up to 10% off your Toledo car insurance quote.
• Professional Memberships – Participating in a qualifying organization could trigger savings on your policy.
• Life Insurance Discount – Select insurance companies reward you with better premium rates if you take out a life policy as well.
• Discounts for Cautious Drivers – Safe drivers can pay as much as 50% less compared to accident prone drivers.
• Paper-free Discount – Certain larger companies provide a small discount for buying your policy on the internet.
• Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in high school.

Please keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

The diagram below shows the difference between Volvo XC70 auto insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-car, homeowner, marriage, and multi-policy discounts applied.

A few popular companies and some of their more popular discounts are shown below.

• State Farm has savings for safe vehicle, good driver, student away at school, multiple policy, driver’s education, good student, and defensive driving training.
• GEICO offers discounts including defensive driver, military active duty, multi-policy, good student, and emergency military deployment.
• Liberty Mutual discounts include new move discount, good student, exclusive group savings, multi-car, and multi-policy.
• The Hartford may offer discounts for vehicle fuel type, defensive driver, driver training, air bag, anti-theft, and bundle.
• MetLife offers premium reductions for multi-policy, defensive driver, claim-free, good student, accident-free, good driver
• Progressive includes discounts for multi-vehicle, homeowner, good student, multi-policy, and continuous coverage.

When getting a coverage quote, ask each company or agent how you can save money. Some discounts listed above might not be offered in Toledo. To see a list of insurance companies who offer free Volvo XC70 insurance quotes in Toledo, follow this link.

Car insurance protects more than just your car

Despite the fact that car insurance is not cheap in Toledo, insurance is required in Ohio but it also protects you in many ways.

• Most states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage in order to drive the car 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 took out a loan on your XC70, more than likely the lender will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender will be forced to insure your Volvo at a much higher premium rate and require you to reimburse them the higher price.
• Car insurance preserves not only your Volvo but also your assets. It also can pay for most medical and hospital costs that are the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car greatly outweigh the cost, particularly if you ever have a claim. As of last year, the average driver in Ohio overpays as much as $865 each year so it’s very important to do a rate comparison once a year at a minimum to make sure the price is not too high.

What is the best car insurance company in Ohio?

Buying coverage from a good quality auto insurance company can be rather challenging considering how many companies provide coverage in Ohio. The ranking information shown below can help you analyze which auto insurers you want to consider comparing price quotes from.

Top 10 Toledo Car Insurance Companies Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. GEICO
7. AAA Insurance
8. Safeco Insurance
9. Esurance
10. The General

Top 10 Toledo Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. Erie Insurance – 88%
3. American Family – 88%
4. State Farm – 88%
5. Nationwide – 88%
6. 21st Century – 88%
7. AAA Insurance – 87%
8. Liberty Mutual – 87%
9. Farmers Insurance – 87%
10. The Hartford – 87%

Local Toledo insurance agents and auto insurance

Some people still like to buy from a licensed agent and that is OK! Good insurance agents are very good at helping people manage risk and help submit paperwork. One of the best bonuses of comparing insurance prices online is the fact that you can find cheap auto insurance quotes and still have an agent to talk to.

After filling out this form (opens in new window), your insurance data is instantly submitted to local insurance agents in Toledo who will gladly provide quotes and help you find cheaper coverage. There is no need to search for an agent because prices are sent directly to you. If you need to compare rates from a specific auto insurance provider, you just need to visit that company’s website and complete a quote there.

Choosing the best insurer needs to be determined by more than just a cheap quote. Ask your prospective agent these questions:

• What insurance companies do they work with in Toledo?
• Are they involved in claim handling?
• How long has the business existed?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• How often do they review policy coverages?

If you would like to find a reliable agent, it’s important to understand the different agency structures that you can select. Auto insurance policy providers may be either independent or exclusive depending on the company they work for. Both types of agents can insure your vehicles properly, but it’s a good idea to understand the differences because it can factor into your selection of an agent.

Exclusive Agencies

These type of agents can usually just insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to compare rates from other companies so they really need to provide good service. Exclusive agents are well schooled on their company’s products and that can be a competitive advantage. Some people will only buy from exclusive agents primarily because of the prominence of the brand and solid financial strength.

Listed below is a list of exclusive insurance agencies in Toledo who can help you get price quote information.

• Allstate Insurance: Evans Insurance Group Corp.
  1900 Monroe St – Toledo, OH 43604 – (419) 241-8061 – View Map
• Allstate Insurance: Chuck Bodette
  1310 W Sylvania Ave – Toledo, OH 43612 – (419) 478-2400 – View Map
• Jamie Mauntler – State Farm Insurance Agent
  5401 Secor Rd – Toledo, OH 43623 – (419) 474-0559 – View Map

More Toledo agents

Independent Agents (or Brokers)

These type of agents are not limited to a single company so they can insure your vehicles with many different companies and find the cheapest auto insurance rates. If your premiums go up, your policy is moved internally and you stay with the same agent. When comparison shopping, it’s a good idea to get insurance quotes from a couple of independent agencies so that you can do a thorough price comparison. They also have the ability to place coverage with smaller mutual companies that many times have cheaper rates.

Below is a list of independent insurance agents in Toledo that can give you comparison quotes.

• Anderson-Miller Insurance
  4149 N Holland Sylvania Rd #3 – Toledo, OH 43623 – (419) 882-1770 – View Map
• Powell Insurance Inc
  6029 Renaissance Pl # A – Toledo, OH 43623 – (419) 882-1076 – View Map
• Gus Badra Insurance Agency
  3454 Oak Alley Court, Suite 106 A, Toledo 43606 – Suite 106 A, OH 43606 – (419) 469-5522 – View Map

More Toledo agents

After talking to the agent and getting positive responses to your questions and locked in a price quote, you’ve probably found an insurance agency that will service your policy. But remember, you are able to terminate coverage whenever you choose to so don’t think that you’re stuck with any specific company with no way to switch.

Learn about auto insurance coverages for a Volvo XC70

Knowing the specifics of auto insurance helps when choosing which coverages you need for your vehicles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Volvo XC70.

Because many people carry very low liability coverage limits (which is 25/50/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto collision coverage

Collision insurance pays for damage to your XC70 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like colliding with a tree, sustaining damage from a pot hole, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible on your XC70 to get cheaper collision coverage.

Liability insurance

This protects you from damages or injuries you inflict on people or other property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers things such as repair costs for stationary objects, loss of income and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford. Ohio requires drivers to carry at least 25/50/25 but it’s recommended drivers buy higher limits.

The next chart shows why buying minimum limits may not be adequate coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for chiropractic care, rehabilitation expenses, surgery, EMT expenses and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, fire damage and damage from getting keyed. The maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.