Affordable Insurance for a Ford Taurus in Toledo

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It's an obvious statement that insurance companies don't want you shop around. Drivers who shop around will, in all likelihood, buy a different policy because they stand a good chance of finding a policy with better rates. A study discovered that people who compared rates annually saved about $865 a year as compared to drivers who never shopped around for lower prices.

If finding the cheapest rates on Ford Taurus insurance is your objective, understanding how to find companies and compare cheaper coverage can help make the process easier.

Insurance quote for Ford Taurus in ToledoThe easiest way to find affordable car insurance rates is to compare prices at least once a year from providers who sell insurance in Toledo.

  • First, get a basic knowledge of how auto insurance works and the measures you can take to prevent expensive coverage. Many rating factors that result in higher prices like accidents, traffic violations, and poor credit can be improved by making minor changes in your lifestyle.
  • Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from multiple sources. View insurance agents
  • Third, compare the new quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price and buy the policy, ensure coverage does not lapse between policies.
  • Fourth, provide written notification to your current company of your intent to cancel your current policy. Submit a down payment along with a signed application to your new insurance company. As soon as you have the new policy, keep your new certificate verifying coverage in an easily accessible location in your vehicle.

The key aspect of shopping around is to make sure you enter identical limits and deductibles on each quote request and and to get rates from as many different insurance providers as possible. This helps ensure the most accurate price comparison and a thorough price selection.

If you are already insured or just want a better rate, you can learn to get lower rates without having to cut coverage. This article's goal is to let you in on the best way to quote coverages and how to save the most money. Shoppers only need to know the fastest way to shop for car insurance online.

Cheap Ford insurance rates in Toledo

The providers in the list below offer free rate quotes in Toledo, OH. To find the best car insurance in OH, we recommend you visit several of them to get a more complete price comparison.

Ford Taurus insurance charts and tables

The price information displayed next showcases estimates of insurance coverage prices for Ford Taurus models. Being more informed about how auto insurance premiums are determined can help you make smart choices when selecting a coverage provider.

Ford Taurus Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $156 $234 $232 $14 $70 $706 $59
Taurus SEL $174 $276 $232 $14 $70 $766 $64
Taurus SEL AWD $174 $276 $232 $14 $70 $766 $64
Taurus Limited $174 $276 $232 $14 $70 $766 $64
Taurus Limited AWD $174 $316 $232 $14 $70 $806 $67
Taurus SHO AWD $192 $316 $232 $14 $70 $824 $69
Get Your Own Custom Quote Go

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Prices do not factor in Toledo location which can revise price quotes substantially.

Analysis of deductible levels

One frequently asked question is how high or low should comp and collision deductibles be. The following tables summarize the price difference between high and low comp and collision deductibles. The first data table uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Ford Taurus insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $198 $296 $226 $14 $68 $827 $69
Taurus SEL $220 $348 $226 $14 $68 $901 $75
Taurus SEL AWD $220 $348 $226 $14 $68 $901 $75
Taurus Limited $220 $348 $226 $14 $68 $901 $75
Taurus Limited AWD $220 $400 $226 $14 $68 $953 $79
Taurus SHO AWD $244 $400 $226 $14 $68 $977 $81
Get Your Own Custom Quote Go
Ford Taurus insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Taurus SE $122 $186 $226 $14 $68 $616 $51
Taurus SEL $136 $220 $226 $14 $68 $664 $55
Taurus SEL AWD $136 $220 $226 $14 $68 $664 $55
Taurus Limited $136 $220 $226 $14 $68 $664 $55
Taurus Limited AWD $136 $252 $226 $14 $68 $696 $58
Taurus SHO AWD $150 $252 $226 $14 $68 $710 $59
Get Your Own Custom Quote Go

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, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in specific location which can alter premiums noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $20 more each month or $240 every year than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 38 months between claim filings, you would save more money going with the higher deductible. The table below illustrates the way you can come to your own conclusion.

Average monthly premium for $250 deductibles: $76
Average monthly premium for $1,000 deductibles (subtract): - $56
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One big caveat is that higher deductibles means you will have to pay more when you have a physical damage claim. That will require enough disposable income in order to pay the deductible for vehicle repair.

The illustration below illustrates how your deductible choice and can change Ford Taurus yearly insurance costs for each different age category. The rates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Rate comparison of full coverage and liability-only

The diagram below shows the difference between Ford Taurus auto insurance rates when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied.

Guidelines for eliminating full coverage

There is no clear-cut formula that works best for making the decision to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let's pretend your Ford Taurus replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after paying your policy deductible. If it's costing in excess of $800 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some circumstances where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Auto insurance discounts are available to lower rates

Auto insurance can be pricey, but you might already qualify for some discounts that many consumers don't even know exist. Certain reductions will be credited when you complete an application, but some discounts are required to be asked about prior to receiving the credit.

  • Distant Student - College-age children who are enrolled in higher education away from home and won't have access to an insured vehicle could qualify for this discount.
  • Passive Restraints - Factory options such as air bags could see savings up to 30%.
  • Smart Student Discounts - Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • Multiple Vehicles - Purchasing coverage when you have more than one vehicle on one policy could earn a price break for each car.
  • Fewer Miles Equal More Savings - Driving less could earn discounted auto insurance rates on garaged vehicles.
  • No Claims - Insureds who avoid accidents and claims pay much less when compared to policyholders that have many claims.
  • Membership in Organizations - Belonging to a qualifying organization could earn you a nice discount on your policy.
  • Accident Forgiveness - This one is not really a discount per se, but certain companies will let one accident slide without the usual rate increase so long as you are claim-free prior to being involved in the accident.
  • Defensive Driving Course - Successfully completing a course that instructs on driving safety can save you 5% or more depending on where you live.

A little disclaimer on discounts, some credits don't apply to the entire policy premium. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, you aren't that lucky.

The chart below compares Ford Taurus car insurance rates with and without discounts being applied to the rates. The rates are based on a female driver, no claims or driving violations, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, marriage, homeowner, and claim-free discounts applied.

Some of the larger companies that may have these discounts are:

Double check with all the companies which discounts can lower your rates. Savings might not be offered on policies in Toledo.

How to know if you need help

When it comes to coverage online or from an agent for your personal vehicles, there is no "best" method to buy coverage. Your situation is unique.

For example, these questions may help highlight whether you would benefit from professional advice.

  • What are the best liability limits?
  • Is a blown tire covered by insurance?
  • Does my insurance cover a custom paint job?
  • Should I buy additional glass protection?
  • Should I sign the liability waiver when renting a car?
  • Is motorclub coverage worth it?
  • What is medical payments coverage?

If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form. It's fast, doesn't cost anything and you can get the answers you need.

Do I need an insurance agency?

A small number of people just prefer to buy from a local agent and that is not a bad decision Licensed agents can help determine the best coverages and help file insurance claims. An additional benefit of getting free rate quotes online is that you can obtain cheaper premium rates and still choose a local agent. And buying from small agencies is important especially in Toledo.

Insurance agents in ToledoAfter completing this short form, the quote information is immediately sent to local insurance agents that can give you free Toledo car insurance quotes for your business. You don't have to leave your computer because quoted prices will be sent to your email. If for some reason you want to compare rates from a specific insurance company, you can always visit that company's website and submit a quote form there.

When researching a good insurance agency, there are two types of insurance agents and how they work. Insurance policy providers may be either exclusive or independent agents depending on their company appointments. Both types can sell and service insurance coverage, but it's worth learning why they differ since it can impact which type of agent you select.

Independent Insurance Agents (or Brokers)

Independent insurance agents are not employed by any specific company so as a result can place your coverage with multiple insurance companies and potentially find a lower price. If they find a cheaper price, the agent simply finds a different carrier without you having to go to a different agency. When comparing rate quotes, we recommend you get several quotes from multiple independent agents to get the best comparison. They often place coverage with companies you've never heard of that may provide cheaper insurance rates.

Featured below are Toledo independent agencies who can help you get free insurance rate quotes.

More Toledo agents

Exclusive Agencies

These agents work for only one company and some examples include State Farm, Allstate and AAA. These agents are unable to provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are highly trained on their company's products which helps overcome the inability to quote other rates. Some consumers prefer to choose to use an exclusive agent mainly due to loyalty to the company and solid financial strength.

The following is a short list of exclusive agents in Toledo that can give you price quotes.

More Toledo agents

Finding the right car insurance agent is decision based upon more than just the premium amount. Any good agent in Toledo should know the answers to these questions.

  • What companies can they write with?
  • Which family members are covered?
  • Is auto insurance their primary focus in Toledo?
  • Does the agency provide any after hours assistance?
  • Do they receive special compensation for putting your coverage with one company over another?

Don't give up on cheaper rates

As you go through the steps to switch your coverage, it's a bad idea to buy less coverage just to save a little money. In many instances, drivers have reduced physical damage coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal is to buy a smart amount of coverage for the lowest price, but don't skip important coverages to save money.

Insureds change insurance companies for a number of reasons such as delays in paying claims, being labeled a high risk driver, denial of a claim and even delays in responding to claim requests. Regardless of your reason, finding a new auto insurance company is pretty simple and you could end up saving a buck or two.

We just showed you many tips how you can reduce Ford Taurus insurance premium rates online in Toledo. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even find the lowest premium rates come from an unexpected company.

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