Are you researching cheaper auto insurance rates in Toledo, OH? Toledo buyers have lots of choices when searching for the best price on Ford Escape insurance. You can either spend your time driving around to get rate comparisons or save time using the internet to compare rates.
There are more efficient ways to buy auto insurance so we’re going to tell you the absolute fastest way to compare rates on a Ford and locate the lowest possible price from both online companies and Toledo agents.
If you have coverage now or need new coverage, use these money-saving tips to reduce the price you pay without reducing coverage. These tips will teach you a little about how to effectively get price quotes and some money-saving tips. Smart buyers only need an understanding of the proper methods to compare prices online.
Buy Ford Escape Insurance for Less
An important part of buying insurance is that you know the rating factors that aid in calculating insurance rates. When consumers understand what determines base rates, this enables you to make decisions that could help you find lower rates.
- Frequent insurance claims increase premiums – Insurance companies in Ohio give discounts to people who do not file claims often. If you are the type of insured that files lots of claims you can look forward to either higher rates or even cancellation. Your car insurance is meant to be used in the event of the large, substantial claims.
-
Is your car built for speed? – The performance of the car or truck you are trying to find cheaper insurance for makes a big difference in how high your rates are. The cheapest rates are for lower cost passenger cars, but your final cost has many other factors.
The data below uses these assumptions: single female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The chart compares Ford Escape car insurance rates compared to other vehicles that have different performance risks.
- Annual mileage and car insurance costs – The higher the mileage driven annually the higher your rates will be. A lot of insurance companies apply a rate based on their usage. Cars and trucks used primarily for pleasure use receive lower rates than those that get driven frequently. It’s a good idea to make sure your vehicle rating shows the correct driver usage. An improperly rated Escape may be costing you higher rates.
- Vocation stress can affect rates – Careers like military personnel, air traffic controllers, and emergency personnel tend to pay the highest rates attributed to intense work situations and incredibly demanding work hours. On the flip side, careers like actors, students and the unemployed pay the least.
- Excellent credit scores equal low costs – Having a bad credit rating will be a significant factor in determining what you pay. People with good credit tend to file fewer claims and have better driving records than drivers who have lower credit ratings. If your credit score is not that good, you could be paying less to insure your Ford Escape by repairing your credit.
-
Women pay lower prices – Over the last 50 years, statistics have shown that women are safer drivers than men. Now that doesn’t mean men are WORSE drivers than women. Men and women cause auto accidents at about the same rate, but guys have costlier accidents. They also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.
The example below illustrates the comparison of Ford Escape car insurance costs for male and female drivers. The data is based on no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single status, and no discounts are taken into consideration.
- Cars with good safety ratings means cheaper insurance – Vehicles with good safety scores cost less to insure. Safer cars reduce the chance of injuries and reduced instances of injuries translates into fewer and smaller insurance claims and lower rates for you.
- Policy add-ons could be costing you – Insurance policies have a lot of additional extra coverages that may not really be needed but may not be useful. Things like coverage for rental cars, accidental death, and term life insurance are some examples. You may think they are a good idea when deciding what coverages you need, but if they’re wasting money remove them and pocket the money.
-
Insurance loss data for a Ford Escape – Companies use data from past claims when they calculate premium rates for each model. Vehicles that the data shows to have increased claim numbers or amounts will have a higher cost to insure.
The table below shows the compiled insurance loss statistics for Ford Escape vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, equals 100. Values under 100 indicate a favorable loss history, while percentage values above 100 indicate more frequent claims or a tendency for losses to be larger than average.
Car Insurance Loss Data for Ford Escape Models Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Escape 4dr 2WD 80 91 83 94 94 92 Ford Escape 4dr 4WD 81 84 94 85 90 77 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Getting cheap Ford Escape car insurance pricing can be quick and easy. You just have to invest a few minutes comparing price quotes provided by online insurance companies.
The companies in the list below are ready to provide comparison quotes in Toledo, OH. If you want the best cheap car insurance in Ohio, we recommend you click on several of them in order to find the most competitive rates.
Ford Escape insurance analysis
The rate table shown below outlines different insurance costs for Ford Escape models. Having knowledge of how insurance rates are figured is important for making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $194 | $290 | $252 | $14 | $76 | $826 | $69 |
| Escape XLS 4WD | $194 | $290 | $252 | $14 | $76 | $826 | $69 |
| Escape XLT 2WD | $194 | $290 | $252 | $14 | $76 | $826 | $69 |
| Escape Limited 2WD | $222 | $290 | $252 | $14 | $76 | $854 | $71 |
| Escape XLT 4WD | $222 | $290 | $252 | $14 | $76 | $854 | $71 |
| Escape Limited 4WD | $222 | $352 | $252 | $14 | $76 | $916 | $76 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Price information does not factor in specific Toledo garaging location which can affect price quotes significantly.
Deductible comparison
One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The following insurance rates may aid in understanding the difference in cost between high and low policy deductibles. The first rate comparisons uses a $250 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 |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Escape XLS 4WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Escape XLT 2WD | $152 | $242 | $192 | $12 | $58 | $681 | $57 |
| Escape Limited 2WD | $176 | $242 | $192 | $12 | $58 | $705 | $59 |
| Escape XLT 4WD | $176 | $242 | $192 | $12 | $58 | $705 | $59 |
| Escape Limited 4WD | $176 | $296 | $192 | $12 | $58 | $759 | $63 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Escape XLS 4WD | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Escape XLT 2WD | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| Escape Limited 2WD | $108 | $152 | $192 | $12 | $58 | $522 | $44 |
| Escape XLT 4WD | $108 | $152 | $192 | $12 | $58 | $522 | $44 |
| Escape Limited 4WD | $108 | $186 | $192 | $12 | $58 | $556 | $46 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Prices do not factor in specific location information which can alter prices substantially.
Based on the above data, using a $250 deductible costs roughly $16 more each month or $192 annually than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 47 months between claims, you would probably come out ahead by selecting a higher deductible.
Three reasons car insurance is important
Despite the high insurance cost for a Ford Escape in Toledo, insuring your vehicle is a good idea for several reasons.
- The majority of states have compulsory liability insurance requirements which means you are required to buy specific limits of liability coverage in order to get the vehicle licensed. 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 Ford, it’s most likely the lender will require that you have physical damage coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Ford for a much higher rate and force you to pay for the expensive policy.
- Insurance safeguards both your vehicle and your assets. Insurance will also pay for all forms of medical expenses that are the result of an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If damage is caused by hail or an accident, your car insurance policy will pay to repair the damage.
The benefits of insuring your Escape are definitely more than the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $865 each year so we recommend shopping around at every policy renewal to make sure the price is not too high.
Cheap Toledo auto insurance rates with discounts
Some insurance providers don’t always list all possible discounts very clearly, so the list below details a few of the more common as well as the least known ways to save on auto insurance. If you do not check that you are getting every discount possible, you are paying more than you should be.
- Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems are safer to drive and will save you 10% or more on Escape insurance in Toledo.
- Government Employee Discount – Simply working for the federal government could provide a small rate reduction with select insurance companies.
- Waiver for an Accident – Not necessarily a discount, but a few companies such as State Farm, Progressive and GEICO permit an accident before they charge you more for coverage so long as you haven’t had any claims for a particular time prior to the accident.
- Save over 55 – Drivers that qualify as senior citizens may qualify for a slight reduction on a Toledo car insurance quote.
- Multi-car Discount – Purchasing coverage when you have more than one vehicle with one company can reduce the rates for all insured vehicles.
- Resident Student – Kids who live away from home to go to college and won’t have access to an insured vehicle can receive lower rates.
- Safety Course Discount – Successfully completing a class that teaches defensive driving techniques could possibly earn you a 5% discount and easily pay for the cost of the class.
- Telematics Discount – People who choose to allow their auto insurance company to scrutinize driving manner through the use of a telematics system such as Progressive’s Snapshot could see a rate decrease if they are good drivers.
- Claim Free – Drivers with accident-free driving histories are rewarded with significantly better rates on Toledo car insurance quote in comparison with insureds who have frequent claims or accidents.
As a sidenote, some credits don’t apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you could get a free auto insurance policy, nobody gets a free ride. But all discounts will positively reduce your auto insurance premiums.
The illustration below illustrates the difference between Ford Escape auto insurance costs with and without discounts being applied to the rates. The data is based on a female driver, no claims or driving citations, 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 claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.
A few popular companies and some of the discounts include:
- GEICO may have discounts that include driver training, anti-lock brakes, military active duty, federal employee, defensive driver, good student, and five-year accident-free.
- USAA offers discounts for military installation, annual mileage, loyalty savings, family discount, and multi-policy.
- Progressive policyholders can earn discounts including online quote discount, continuous coverage, online signing, homeowner, multi-policy, and multi-vehicle.
- American Family may include discounts for defensive driver, multi-vehicle, air bags, mySafetyValet, good student, Steer into Savings, and accident-free.
- Esurance may offer discounts for anti-lock brakes, renters, defensive driver, good driver, and safety device.
- Farmers Insurance offers premium reductions for distant student, good student, youthful driver, switch companies, bundle discounts, and multi-car.
- State Farm includes discounts for Steer Clear safe driver discount, passive restraint, good student, Drive Safe & Save, and accident-free.
Check with each company or agent which discounts they offer. Some credits may not apply to policies in Toledo.
Insurance agents can help
A small number of people just want to visit with an insurance agent. Most agents can point out coverage gaps and help submit paperwork. An additional benefit of comparing insurance prices online is that you can find lower rates but also keep your business local. And buying from small agencies is especially important in Toledo.
To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is sent to insurance agents in Toledo who will return price quotes to get your business. There is no reason to even leave your home since price quotes are sent immediately to your email address. In the event you want to compare rates from one company in particular, just navigate to their website and submit a quote form there.
When researching a reliable insurance agency, it’s important to understand the different agency structures and how they are distinctly different. Agents in Toledo are categorized either independent (non-exclusive) or exclusive. Either type can sell and service insurance coverage, but it’s a good idea to understand how they differ since it can impact the kind of agent you use.
Independent Insurance Agencies
Agents that elect to be independent are not locked into one company so they can write business with lots of companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply switch companies in-house which makes it simple for you.
When comparing insurance prices, you absolutely need to check rates from at a minimum one independent agency in order to have the best price comparison. Most can insure with additional companies that you may not be familiar with which may provide better rates.
Shown below is a short list of independent agents in Toledo who may provide price quotes.
- Kranz PJ Insurance Agency
4349 Talmadge Rd – Toledo, OH 43623 – (419) 473-2416 – View Map - Detlef Insurance
833 Woodville Rd – Toledo, OH 43605 – (419) 693-7458 – View Map - Walton Insurance LLC
3307 N Holland Sylvania Rd #6 – Toledo, OH 43615 – (419) 725-2886 – View Map
Exclusive Agencies
Agents in the exclusive channel are contracted to one company such as Farmers Insurance, Allstate, or State Farm. These agents are unable to give you multiple price quotes so keep that in mind. Exclusive agents are usually quite knowledgeable on sales techniques which helps them compete with independent agents. Consumers often buy from exclusive agents partially due to the brand and the convenience of having a single billing for all their coverages.
Below are Toledo exclusive agents that are able to give price quote information.
- Johnny Horn – State Farm Insurance Agent
457 S Reynolds Rd d – Toledo, OH 43615 – (419) 531-4800 – View Map - Farmers Insurance – Patrick Hogan
3700 N Holland Sylvania Rd – Toledo, OH 43615 – (419) 517-5579 – View Map - Scott Wood – State Farm Insurance Agent
4802 N Summit St – Toledo, OH 43611 – (419) 726-3741 – View Map
Finding a good insurance agency requires you to look at more than just the premium amount. Ask your prospective agent these questions:
- Are there any hidden costs in their price quote and does it include driving and credit history?
- When do they do policy reviews?
- By raising physical damage deductibles, how much would you save?
- Will one accident increase rates?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do the coverages you’re quoting properly cover your vehicle?
- Can you use your own choice of collision repair facility?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Which policy gives me the best coverage?
When it comes to buying the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.
These are some specific questions can help discover if your insurance needs would benefit from an agent’s advice.
- Is my nanny covered when transporting my kids?
- Is business property covered if stolen from my car?
- Do I really need UM/UIM coverage?
- Does coverage extend to my business vehicle?
- Does my insurance cover a custom paint job?
- Where can I find high-risk insurance?
- How do I buy GAP insurance?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and can provide invaluable advice.
The most affordable rates come from being thorough
While you’re price shopping online, never skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice physical damage coverage only to regret that it was a big error on their part. Your goal is to buy enough coverage at the best price while not skimping on critical coverages.
Cost effective Ford Escape insurance can be found from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection. Some insurance companies may not offer the ability to get quotes online and most of the time these regional carriers only sell coverage through independent agents.
Insureds leave their current company for a number of reasons such as lack of trust in their agent, high prices, high rates after DUI convictions and policy non-renewal. It doesn’t matter why you want to switch switching auto insurance companies can be easier than you think.
Steps to finding the cheapest rates for Ford Escape insurance in Toledo
If you want to find the absolute lowest rates, then the best way to get budget auto insurance rates is to compare quotes annually from different companies that sell auto insurance in Toledo.
Step 1: Spend some time learning about how companies set rates and the factors you can control to keep rates down. Many factors that result in higher prices like your driving record and poor credit history can be rectified by improving your driving habits or financial responsibility.
Step 2: Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like GEICO and Allstate, while independent agencies can provide prices for a wide range of insurance providers.
Step 3: Compare the price quotes to the price on your current policy to see if a cheaper rate is available. If you can save money and make a switch, verify that coverage does not lapse between policies.
Step 4: Give notification to your current company to cancel your current coverage and submit the completed application along with a down payment for your new coverage. As soon as you have the new policy, place your new proof of insurance certificate with your registration paperwork.
The key thing to know about shopping around is that you’ll want to compare similar limits and deductibles on every quote request and and to get rate quotes from every insurance company. Doing this helps ensure an accurate price comparison and a better comparison of the market.
To learn more, feel free to browse these articles:
- Vehicle Safety Ratings (iihs.org)
- How Much are Auto Insurance Rates for a Toyota Tundra in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance for Handicapped Drivers? (FAQ)
- Who Has Cheap Car Insurance Quotes for Safe Drivers in Toledo? (FAQ)
- Who Has the Cheapest Toledo Auto Insurance Quotes for a GMC Sierra? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers with a DUI in Toledo? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Help Your Teen Be a Better Driver (State Farm)