It's a fact that auto insurance companies want to keep you from comparing rates. People who compare price quotes are very likely to buy a different policy because there is a high probability of finding more affordable rates. A recent car insurance study discovered that people who routinely compared quotes saved approximately $72 a month compared to people who never shopped around for cheaper prices.
If finding the best rates on Audi SQ5 insurance is the reason you're here, understanding how to compare auto insurance can make it easier to shop your coverage around.
The easiest way to find cheaper quotes for car insurance rates is to do a yearly price comparison from companies who provide auto insurance in Toledo. Price quotes can be compared by following these guidelines.
- First, learn about the different coverages in a policy and the modifications you can make to prevent rate increases. Many factors that are responsible for high rates such as your driving record and a low credit rating can be remedied by making small lifestyle or driving habit changes.
- Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can provide prices from multiple companies.
- Third, compare the quotes to your existing rates and determine if there is any savings. If you can save money and switch companies, verify that coverage does not lapse between policies.
- Fourth, provide notification to your current company to cancel your current coverage and submit a completed application and payment for your new policy. Once coverage is bound, keep your new certificate of insurance in an easily accessible location in your vehicle.
The most important part of shopping around is that you'll want to compare the same coverage limits and deductibles on each quote request and and to get rates from as many companies as possible. This ensures an accurate price comparison and plenty of rates choose from.
Finding the cheapest insurance coverage in Toledo is much easier if you know where to start. If you have coverage now, you stand a good chance to be able to reduce the price you pay using this information. Smart buyers just have to understand how to get comparison rates on the web.
Finding cheaper auto insurance prices can be quick and easy. You just have to take the time to get quotes provided by online insurance companies.
The companies in the list below provide quotes in Toledo, OH. If you wish to find the cheapest car insurance in Ohio, we recommend you click on several of them to get the best price comparison.
Three main reasons to buy auto insurance
Even though Toledo SQ5 insurance rates can get expensive, insuring your vehicle is required by state law in Ohio and it also provides benefits you may not be aware of.
- Just about all states have minimum liability requirements which means you are required to 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.
- If your Audi has a lienholder, most banks will force you to buy insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Audi at a much higher rate and force you to pay the higher premium.
- Auto insurance protects your Audi SQ5 and your assets. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance more than cancel out the cost, especially with large liability claims. Today the average American driver is currently overpaying as much as $869 every year so it's recommended you shop around each time the policy renews to ensure rates are competitive.
Don't overlook these eight Audi SQ5 insurance discounts
Companies that sell car insurance don't necessarily list every discount available very clearly, so the list below contains a few of the more common as well as some of the hidden savings tricks you should be using when you buy Toledo car insurance online.
- Driver's Ed - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in school or through a local driver safety program.
- Auto/Home Discount - If you insure your home and vehicles with the same company you could save over 10 percent off each policy depending on the company.
- Passive Restraint Discount - Vehicles with factory air bags or automatic seat belts may get savings of 20% or more.
- Include Life Insurance and Save - Larger companies have a break if you buy some life insurance in addition to your auto policy.
- Save over 55 - Drivers that qualify as senior citizens may receive reduced rates.
- Discount for Low Mileage - Low annual miles can qualify you for better rates on cars that stay parked.
- Lower Rates for Military - Having a deployed family member could trigger a small discount.
- ABS Brakes - Cars, trucks, and SUVs with ABS and/or traction control prevent accidents and the ABS can save up to 10%.
It's important to understand that many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn't stay in business.
A partial list of companies that may offer quotes with most of the discounts above include:
If you need affordable Toledo car insurance quotes, ask every prospective company which discounts you qualify for. Some credits may not apply everywhere. If you would like to choose from a list of providers that offer multiple discounts in Toledo, click this link.
Independent and exclusive insurance agencies
Some people still like to go talk to an agent and that is recommended in a lot of cases Professional insurance agents can point out coverage gaps and help you file claims. A nice benefit of comparing auto insurance online is that you can find lower car insurance rates and still choose a local agent.
For easy comparison, once you complete this short form, the coverage information is sent to companies in Toledo who will give competitive quotes and help you find cheaper coverage. There is no need to find an agent on your own because quoted prices will be sent instantly to you. In the event you want to compare rates from a specific auto insurance provider, just visit that company's website and complete a quote there.
Finding a good company shouldn't rely on just the bottom line cost. Before buying a policy in Toledo, get answers to these questions.
- How often do they review policy coverages?
- What kind of financial rating does the company have?
- How long has their agency been in business in Toledo?
- Which family members are covered?
- Are they giving you every discount you deserve?
- Do they have a Better Business Bureau rating in Toledo?
- Does the company allow you to choose your own collision repair facility?
Two types of auto insurance agents
If you are searching for a local insurance agency, there are a couple of types of agencies that differ in how they can insure your vehicles. Auto insurance agents can be described as either independent agents or exclusive agents. Either one can insure your vehicles properly, but it's worth learning the difference in the companies they write for because it can influence buying decisions.
Exclusive Insurance Agents
Exclusive insurance agents can only provide one company's prices and examples are State Farm, Allstate and AAA. They are unable to shop your coverage around so they are skilled at selling on more than just price. They are very knowledgeable on their products and sales techniques which can be an advantage. Some people will only use the same exclusive agent mainly due to loyalty to the company and the convenience of having a single billing for all their coverages.
Shown below is a list of exclusive insurance agents in Toledo who may provide you with rate quotes.
- Todd Riggs - State Farm Insurance Agent
7109 Central Ave - Toledo, OH 43617 - (419) 841-4800 - View Map
- State Farm: Rex Sims
111 N Reynolds Rd - Toledo, OH 43615 - (419) 531-4036 - View Map
- Allstate Insurance: Chuck Bodette
1310 W Sylvania Ave - Toledo, OH 43612 - (419) 478-2400 - View Map
Independent Agencies or Brokers
These agents do not write with just one company and that is an advantage because they can write policies with multiple insurance companies and find the cheapest rate. If they find a cheaper price, your agent can just switch to a different company and the insured can keep the same agent. When comparing rate quotes, you should always compare prices from a couple of independent agencies so that you can do a thorough price comparison. They often place coverage with mutual insurance companies which could offer lower prices.
Shown below is a short list of independent insurance agents in Toledo willing to provide rate quotes.
- Bob Burns Insurance and Financial
2229 W Laskey Rd - Toledo, OH 43613 - (419) 471-1950 - View Map
- American Casualty Insurance
6060 Renaissance Pl i - Toledo, OH 43623 - (419) 885-3571 - View Map
- RBI Insurance and Financial Services
3421 N Holland Sylvania Rd - Toledo, OH 43615 - (419) 841-4446 - View Map
After receiving good answers to these questions as well as cheap SQ5 insurance quotes, you may have found an insurance agent that can insure your vehicles.
Auto insurance companies ranked
Selecting the top company can be a challenge considering how many different companies there are to choose from in Ohio. The information in the lists below can help you analyze which providers you want to consider purchasing a policy from.
Top 10 Toledo Car Insurance Companies Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
Top 10 Toledo Car Insurance Companies Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
- Erie Insurance
Everyone needs different car insurance coverages
When buying the best car insurance coverage for your personal vehicles, there really is not a one-size-fits-all type of policy. Your situation is unique and a cookie cutter policy won't apply. For example, these questions can help discover whether your personal situation could use an agent's help.
- Do I need motorclub coverage?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Why am I required to get a high-risk car insurance policy?
- Is my teen driver covered when they drive my company car?
- Do I really need UM/UIM coverage?
- What is PIP insurance?
- Am I covered while delivering pizza?
- What is the minimum liability in Ohio?
If you can't answer these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and you can get the answers you need.
Specific coverages for an Audi SQ5
Understanding the coverages of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by insurance companies.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for bills such as pain medications, prosthetic devices, rehabilitation expenses, chiropractic care and funeral costs. They are used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Collision coverage protection
This covers damage to your SQ5 from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like hitting a parking meter, crashing into a building, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible on your SQ5 to bring the cost down.
Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers claims like attorney fees, medical services, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible. Ohio requires minimum liability limits of 25/50/25 but it's recommended drivers buy better liability coverage.
The next chart shows why buying low liability limits may not be enough.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Audi SQ5.
Since many Ohio drivers only carry the minimum required liability limits (Ohio limits are 25/50/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Comprehensive auto coverage
This covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for claims like vandalism, hitting a deer and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle's value is low consider dropping full coverage.
You can find affordable coverage
We covered a lot of information how to find lower-cost Audi SQ5 insurance in Toledo. The most important thing to understand is the more rate comparisons you have, the better chance you'll have of finding affordable Audi SQ5 insurance quotes. You may even discover the most savings is with a small mutual company. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as State Farm or Progressive.
Some companies do not offer rate quotes online and most of the time these regional insurance providers only sell coverage through local independent agencies. Lower-priced Audi SQ5 insurance in Toledo is possible online and with local Toledo insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.
Additional information can be read at the links below
- How to Avoid Common Accidents (State Farm)
- What Car Insurance is Cheapest for 16 Year Olds in Toledo? (FAQ)
- Who Has Cheap Auto Insurance Rates for Uninsured Drivers in Toledo? (FAQ)
- What Car Insurance is Cheapest for a Hyundai Sonata in Toledo? (FAQ)
- Red Light Cameras (State Farm)
- Auto Insurance Basics (Insurance Information Institute)