Save on Ford Transit Connect Insurance in Toledo

Insurance quote for Ford Transit Connect in ToledoIf saving the most money is your goal, then the best way to get discount car insurance rates in Toledo is to start doing an annual price comparison from companies who provide car insurance in Ohio.

Step 1: Read and learn about what is in your policy and the measures you can control to drop your rates. Many things that drive up the price like traffic citations, accidents, and an unacceptable credit history can be amended by improving your driving habits or financial responsibility.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can provide rate quotes for many different companies.

Step 3: Compare the quotes to your existing rates to see if you can save by switching companies. If you can save money and change companies, ensure coverage does not lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your current auto insurance policy. Submit a down payment and signed policy application to your new agent or company. When you receive it, keep your new certificate of insurance in your glove compartment.

An essential thing to point out is that you’ll want to compare similar deductibles and liability limits on each quote request and and to compare as many companies as you can. Doing this guarantees a fair price comparison and a good representation of prices.

It goes without saying that auto insurance companies want to keep your business as long as possible. People who perform rate comparisons are likely to move their business because there is a high probability of finding coverage at a cheaper rate. A recent car insurance study revealed that drivers who regularly shopped around saved as much as $865 annually compared to people who don’t make a habit of comparing rates.

If saving the most money on insurance is your target objective, knowing how to find and compare cheaper coverage can make it simple to find affordable coverage.

If you are insured now or are just looking to switch companies, follow these tips to buy cheaper car insurance and still have adequate protection. Locating the best insurance company for you in Toledo can be easy if you know a few tricks. Smart shoppers just need to understand the most efficient way to compare company rates from multiple carriers.

The providers in the list below can provide free rate quotes in Ohio. If multiple companies are listed, it’s highly recommended you visit as many as you can to get the best price comparison.

Car insurance discounts help lower rates for Ford Transit Connect insurance in Toledo

Companies that sell car insurance don’t list every policy discount in a way that’s easy to find, so the below list has a few of the more common and also the lesser-known credits available to lower your premiums when you buy Toledo auto insurance online. If you don’t get every credit you deserve, you’re just leaving money on the table.Cheaper car insurance with discounts

It’s important to understand that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. Despite the appearance that it’s possible to get free car insurance, you’re out of luck.

The example below visualizes the comparison of Ford Transit Connect auto insurance costs with and without discounts applied to the premium. The information is based on a male driver, no accidents or driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.

A few popular companies and a selection of discounts are included below.

It’s a good idea to ask every prospective company which credits you are entitled to. Savings may not be available in your state.

Ford Transit Connect insurance rates and statistics

The coverage table shown below outlines a range of insurance policy prices for Ford Transit Connect models. Being aware of how premiums are established helps drivers make decisions when shopping your coverage around.

Ford Transit Connect Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $86 $172 $234 $14 $70 $576 $48
Transit Connect XLT 2WD $86 $172 $234 $14 $70 $576 $48
Get Your Own Custom Quote Go

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific zip code location which can decrease or increase price quotes substantially.

Rate comparison for different deductibles

One frequently asked question is how high should the physical damage coverage deductibles be. The rates below may help to conceptualize the premium difference when you select higher and lower physical damage coverage deductibles. The first rate estimation uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.

Ford Transit Connect insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $170 $352 $226 $14 $68 $855 $71
Transit Connect XLT 2WD $170 $352 $226 $14 $68 $855 $71
Get Your Own Custom Quote Go

Ford Transit Connect insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $124 $238 $226 $14 $68 $670 $56
Transit Connect XLT 2WD $124 $238 $226 $14 $68 $670 $56
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in Toledo location which can decrease or increase coverage rates noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $15 more each month or $180 for a full year across all Ford Transit Connect models than buying the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at least 27 months between claims, you would save money if you choose a higher deductible. The table below shows a better example of how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $71
Average monthly premium for $500 deductibles (subtract): – $56
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

One important caveat is that raising deductibles means you pay more out-of-pocket when you file a claim. That will force you to have enough extra money in the event you need to pay the deductible to have repairs made.

The example below highlights how deductible choice and can change Ford Transit Connect insurance costs for each age group. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are factored in.

Rate comparison of full coverage and liability-only

The illustration below compares Ford Transit Connect premium costs with full coverage compared to only the Ohio minimum liability coverage. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.

When to drop comprehensive and collision

There is no definitive rule for excluding full coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your Ford Transit Connect replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after paying your deductible. If you are paying in excess of $400 annually to have full coverage, then it might be time to buy liability only.

There are some cases where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

How Car Insurance Companies Determine Ford Transit Connect Insurance Prices

Many things are taken into consideration when pricing auto insurance. Most are fairly basic like a motor vehicle report, but others are not quite as obvious such as whether you are married or how safe your car is.

Listed below are some of the things used by insurance companies to determine your prices.

Comparing prices from local Toledo auto insurance agents

A small number of people just want to buy from a local agent and we recommend doing that Professional agents can help determine the best coverages and help submit paperwork. The best thing about getting free rate quotes online is the fact that you can find lower rates but also keep your business local.

Toledo insurance agentsTo find an agent, once you fill out this simple form, the quote information is sent to insurance agents in Toledo who will return price quotes for your insurance coverage. You won’t need to do any legwork since rate quotes are delivered immediately to your email address. If for some reason you want to get a rate quote from a specific insurance provider, you can always jump over to their website and fill out the quote form the provide.

Finding the right provider is decision based upon more than just a cheap quote. Ask your prospective agent these questions:

If you are searching for a local Toledo insurance agency, it helps to know the two different agency structures and how they are slightly different. Insurance agencies are either independent agents or exclusive agents. Both can handle insurance, but it’s good to learn the difference in how they write coverage because it can impact buying decisions.

Exclusive Insurance Agents

Agents that elect to be exclusive are contracted to one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agents are well trained on what they offer which can be an advantage.

Below are Toledo exclusive agencies who can help you get price quotes.

2600 N Reynolds Rd #104bToledo, OH 43615(419) 536-6030View Map

Marty Vugrinac – State Farm Insurance Agent
1022 S Reynolds RdToledo, OH 43615(419) 389-0533View Map

4806 Dorr StToledo, OH 43615(419) 536-4200View Map

View more Toledo agents

Independent Insurance Agencies

Agents that choose to be independent are not locked into one company so they can insure your vehicles with lots of companies and find the cheapest rate. If they quote lower rates, an independent agent can move your coverage and the insured can keep the same agent.

When shopping rates, it’s recommended you get insurance quotes from independent agents to get the best comparison.

The following is a list of independent agents in Toledo that can give you comparison quotes.

4149 N Holland Sylvania Rd #3Toledo, OH 43623(419) 882-1770View Map

3005 Douglas RdToledo, OH 43606(419) 255-0040View Map

3132 W Sylvania AveToledo, OH 43623(419) 725-0056View Map

View more Toledo agents

After you get satisfactory answers as well as a price you’re happy with, you may have found an auto insurance agent that is professional and can properly service your insurance policy.

Find cheap rates by comparing often

Some insurance providers may not offer the ability to get quotes online and most of the time these smaller companies work with independent agents. Lower-priced Ford Transit Connect insurance in Toledo can be purchased from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from.

When you buy Toledo auto insurance online, you should never skimp on coverage in order to save money. There have been many cases where someone dropped comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your objective should be to find the BEST coverage for the lowest price while still protecting your assets.

Throughout this article, we presented a lot of ways to find cheaper Ford Transit Connect insurance in Toledo. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding inexpensive Toledo auto insurance quotes. Drivers may even discover the most savings is with the smaller companies. Some small companies may often insure only within specific states and give better rates compared to the large companies like Allstate or State Farm.

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