How Much are Auto Insurance Quotes for Nurses in Toledo?

The words “economical” and “auto insurance” really shouldn’t be used together, specifically when searching for the cheapest coverage for nurses. To save some money, let’s get started by showing you some situations that significantly impact car insurance rates, and find a few ways to take the bite out of the next policy you buy.

Deciphering which company has the best insurance rates for nurses will take a little more work in order to find a policy that fits your budget. Every insurance provider used slightly different criteria for setting prices, so let’s take a look at the overall cheapest insurance companies in Ohio.

It’s a good idea to be aware that Toledo insurance rates are calculated based on many things which can substantially change the price you have to pay for coverage. Simply getting older, moving across town, or getting a ticket for careless driving can cause premium changes resulting in some rates now being more affordable than the competition.

Best Cheap Insurance Rates for Health Occupations

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Cheapest Ohio car insurance ranked by price
Rank Company Cost Per Year
1 Utica National $647
2 Allied $676
3 Erie $687
4 Frankenmuth $687
5 Travelers $726
6 USAA $741
7 Merchants Insurance Group $755
8 Cincinnati Insurance $779
9 Motorists Mutual $800
10 Grange Mutual $804
11 General Casualty $813
12 Central Mutual $840
13 Hastings Mutual $884
14 State Farm $894
15 Atlantic States $940
16 Westfield $946
17 Western Reserve $961
18 Progressive $982
19 Auto-Owners $988
20 Nationwide $998
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Utica National may offer some of the most affordable car insurance rates in Toledo at around $647 each year. This is $393 less than the average rate paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers also are some of the cheaper Toledo, OH auto insurance companies.

As illustrated above, if you currently have a policy with Frankenmuth and switched to Allied, you might realize annual savings of in the neighborhood of $11. Insureds with Travelers may save as much as $50 a year, and USAA insureds might reduce prices by as much as $65 a year.

Bear in mind that those prices are averages for all drivers and vehicles and are not factoring in a specific location for nurses. So the insurer that can offer you the lowest price may not even be in the list above. That is why you need to get rate quotes using your own specific driver and vehicle information.

The type of vehicle you are insuring is one of the biggest factors when quoting the cheapest insurance for nurses. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than high performance models. The next list ranks insurance premiums for a selection of the most cost-effective automobiles to insure.

Cheapest Vehicles to Insure in Toledo, OH
Vehicle Make and Model Estimated Cost for Full Coverage
Ford F-150 XL Regular Cab 2WD $1,316
Honda CR-V LX 2WD $1,398
Ford Explorer XLT AWD $1,426
Chevrolet Equinox LS AWD $1,507
Chevrolet Malibu Hybrid $1,517
Ford Escape Limited 4WD $1,520
Volkswagen Jetta S 2.5 Station Wagon $1,528
Toyota Prius $1,550
Hyundai Elantra Blue 4-Dr Sedan $1,560
Ford Edge SE 2WD $1,583
Chevrolet Impala LTZ $1,588
Toyota Corolla S $1,598
Honda Odyssey EX-L $1,588
Dodge Grand Caravan SE $1,622
Dodge Ram Crew Cab TRX 2WD $1,647
GMC Sierra SLE Regular Cab 2WD $1,652
Toyota RAV4 4WD $1,658
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in vehicle location which can change rates noticeably.

Looking at the data, we can tell that models like the Ford F-150, Honda CR-V, Ford Explorer, and Chevrolet Equinox should be the most budget-friendly vehicles to insure for health professionals.

Rate increases following a ticket or accident

The easiest way to obtain affordable insurance rates for health professionals is to pay attention while driving and avoid traffic citations and accidents. The example below demonstrates how citations and at-fault accidents increase premium costs for different age groups of insureds. The rate quotes are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.

The data above shows the average cost of an auto insurance policy in Ohio per year with a clean driving record and no accidents is $1,121. Factor in one speeding ticket and the average cost hikes up to $1,284, an increase of $163 each year. Now add in one accident along with the one speeding ticket and the yearly cost of insurance for nurses goes up to an average of $1,746. That’s an increase of $625, or $52 per month, just for not keeping your driving record clean!

Get discount Toledo auto insurance

Cheaper Toledo, OH insurance for health professionalsCar insurance companies that offer cheap quotes for nurses may provide price discounts that could reduce prices by 35% or more if you meet certain criteria. A few of the larger companies and a summarized list of policyholder discounts are:

The chart below illustrates the comparison of annual premium costs with and without discounts applied. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, multiple policy, claim-free, safe-driver, accident-free, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on insurance for nurses is 27% or $272.

Rate difference between full and liability-only coverage

Finding the cheapest insurance is the goal of most vehicle owners, and a great way to save on the cost of insurance for nurses is to not pay for full coverage. The information below visualizes the comparison of insurance rates with and without full coverage. The data assumes no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied.

If averaged out across all ages, physical damage coverage costs an additional $1,308 per year over and above liability coverage. At some point, about every driver wonders if it’s a good idea to buy full coverage. There is no exact formula that is best for determining when to drop full coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your vehicle’s settlement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $9,500 after the deductible is paid. If you are paying over $950 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

How to find more affordable insurance for nurses

The list below summarizes some money-saving solutions that can help you quote low-cost car insurance.

The final tip is very important, as was stressed in this piece. Coverage rates go up and down frequently, so don’t be unwilling to switch carriers if a cheaper price is available.

Brand loyalty is great, but it’s not a good idea if that devotion results in you overpaying a lot of money. Now is a great time to compare prices and find cheaper car insurance for nurses in Toledo.

The auto insurance agents in Toledo shown below are a good start to aid you in deciding which insurance coverage will be best for you, since lots of drivers aren’t clear which coverage they need and would like to have some professional guidance when shopping around for cheaper insurance for health professionals. It’s not always easy to find the cheapest auto insurance company, so agents can provide you satisfaction knowing you have suitable coverage if you ever need to use it. To find a Toledo insurance agency by location nearest to you, click the link at the bottom.

More Toledo, OH insurance agents