Car Insurance Rate Quotes for a Volkswagen Beetle in Toledo

A study showed that most drivers have remained with the same auto insurance company for at least the last four years, and almost 40% of drivers have never quoted auto insurance rates at all. Consumers in Ohio could save themselves $700 a year just by comparing rates, but they just assume it takes a lot of time to do a rate comparison.

If saving the most money is your goal, then the best way to find cheaper quotes for Volkswagen Beetle insurance in Toledo is to regularly compare prices from different companies that sell auto insurance in Ohio.

• Step 1: Try to learn a little about the coverage provided by your policy and the things you can control to prevent rate increases. Many things that increase rates like traffic citations, accidents, and a low credit rating can be controlled by paying attention to minor details.
• Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or Allstate, while independent agents can quote rates from multiple companies.
• Step 3: Compare the new rates to your existing policy and see if you can save money. If you find a better price and make a switch, verify that coverage does not lapse between policies.

The key thing to remember is to make sure you enter similar limits and deductibles on every quote and and to compare all possible companies. This guarantees the most accurate price comparison and a complete price analysis.

There are several ways to compare rate quotes from different Toledo insurance companies. The quickest method to find the lowest Volkswagen Beetle rates consists of shopping online.

Doing price comparisons online is so simple that it replaces the need to spend time driving to insurance agencies in your area. Comparing Volkswagen Beetle insurance rates online eliminates this option unless you require the guidance that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to price shop online but buy from a local insurance agent. It’s important to know that obtaining a wide range of quotes will improve the odds of getting more affordable insurance. Not every company provides rate quotes online, so it’s important to compare prices on coverage from those companies, too.

The following companies can provide quotes in Toledo, OH. If multiple companies are listed, it’s a good idea that you visit as many as you can to find the cheapest car insurance rates.

Toledo car insurance discounts

Some insurers don’t always list all available discounts very well, so the following is a list of a few of the more common and the more hidden credits that may apply to you. If you do not check that you are getting every discount available, you could be saving more on your car insurance.

• Multi-Vehicle Discounts – Drivers who insure multiple cars with the same company may reduce the rate for each vehicle.
• Military Deployment Discount – Being deployed with a military unit could trigger a small discount.
• Accident Waiver – Not a discount per se, but some companies like Progressive, Allstate, and Liberty Mutual will let one accident slide without raising rates so long as you are claim-free for a specific time period.
• Memberships – Affiliation with certain professional organizations could trigger savings on car insurance.
• Early Signing – Some insurance companies provide a discount for switching to them prior to your current Beetle insurance policy expiration. The savings is around 10%.
• Payment Discounts – If you can afford to pay the entire bill as opposed to paying monthly you can avoid monthly service charges.
• Passive Restraint Discount – Factory air bags may earn rate discounts up to 30%.
• Good Driver Discounts – Drivers who don’t get into accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
• Braking Control Discount – Vehicles with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.
• Distant Student – Older children who live away from home to go to college and do not have access to a covered vehicle may be insured at a cheaper rate.

Keep in mind that most credits do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, it just doesn’t work that way.

The diagram below compares Volkswagen Beetle premium costs with and without discounts being applied to the rates. The premiums assume a male driver, a clean driving record, no at-fault accidents, 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 multi-policy, homeowner, claim-free, marriage, multi-car, and safe-driver discounts applied.

The best car insurance companies and their possible discounts are outlined below.

• State Farm discounts include Steer Clear safe driver discount, accident-free, passive restraint, good driver, and defensive driving training.
• Farmers Insurance may include discounts for alternative fuel, good student, multi-car, mature driver, electronic funds transfer, switch companies, and pay in full.
• Progressive has savings for online signing, continuous coverage, good student, multi-policy, multi-vehicle, online quote discount, and homeowner.
• GEICO offers premium reductions for anti-lock brakes, driver training, seat belt use, five-year accident-free, and defensive driver.
• Auto-Owners Insurance policyholders can earn discounts including safe vehicle, anti-lock brakes, student away at school, group or association, air bags, and multi-policy.
• The Hartford may have discounts that include air bag, defensive driver, driver training, vehicle fuel type, anti-theft, and good student.
• Farm Bureau has discounts for renewal discount, youthful driver, good student, multi-vehicle, 55 and retired, multi-policy, and driver training.
• USAA may offer discounts for safe driver, multi-policy, family discount, defensive driver, multi-vehicle, loyalty savings, and driver training.

If you want low cost Toledo auto insurance quotes, ask every insurance company which discounts they offer. Some of the discounts discussed earlier may not be available in Toledo. If you would like to choose from a list of providers that have a full spectrum of discounts in Ohio, click here to view.

Auto insurance data for a Volkswagen Beetle

The rate information shown next showcases estimates of prices for Volkswagen Beetle models. Being aware of how insurance rates are formulated can help customers make informed decisions when comparing rate quotes.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in your specific Toledo location which can affect insurance rates considerably.

Policy deductible comparison

A question often asked by Toledo drivers is how high should the physical damage deductibles be. The comparisons below approximate the rate difference when you buy lower versus higher comp and collision deductibles. The first data table uses a $100 deductible and the second rate chart uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Prices do not factor in vehicle garaging location which can raise or lower coverage prices greatly.

We can derive from the above data that using a $100 deductible would cost the average driver about $17 more each month or $204 for a full year than requesting the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 24 months between claims, you would most likely save money going with the higher deductible.

The example below illustrates how choosing a deductible and can raise or lower Volkswagen Beetle premium costs for each age group. The data is based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Drive safe and save

The example below illustrates how violations and fender-benders can affect Volkswagen Beetle car insurance rates for different age groups. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

Full coverage versus liability-only

The illustration below shows the comparison of Volkswagen Beetle yearly insurance costs with and without full coverage. The rates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Volkswagen Beetle book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after paying your policy deductible. If you are currently paying more than $300 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.

What if I want to buy from local Toledo auto insurance agents?

Some people would prefer to talk to an insurance agent and doing that can be a smart decision A nice benefit of comparing insurance prices online is that drivers can save money and get lower rates and still have a local agent.

For easy comparison, once you complete this short form, your information is submitted to local insurance agents that provide free Toledo auto insurance quotes for your insurance coverage. You don’t have to drive around because quoted prices will be sent to you directly. You can get cheaper car insurance rates and a licensed agent to talk to. If you want to get a comparison quote from one company in particular, you would need to navigate to their website and submit a quote form there.

Finding a good insurer should depend on more than just a cheap price. Before buying a policy in Toledo, get answers to these questions.

• Is auto insurance their primary focus in Toledo?
• Do they see any coverage gaps in your plan?
• How many companies do they write for?
• How would your car be valued if totaled?
• Can you get a list of referrals?
• Are all drivers listed on the coverage quote?
• Does the company have a solid financial rating?
• How often do they review policy coverages?

Shown below are agents in Toledo that can give you price quotes for Volkswagen Beetle insurance in Toledo.

More insurance agents

Three good reasons to insure your Volkswagen Beetle

Despite the high insurance cost for a Volkswagen Beetle in Toledo, buying auto insurance may be required and benefits you in several ways.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability protection in order to license the 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 you have a lien on your Volkswagen, most banks will force you to have full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Volkswagen for a lot more money and force you to reimburse them for the expensive policy.
• Insurance protects not only your Volkswagen but also your financial assets. Insurance will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If damage is caused by hail or an accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of having auto insurance outweigh the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying more than $825 a year so you should quote your policy with other companies once a year at a minimum to help ensure money is not being wasted.

Specifics of your insurance policy

Knowing the specifics of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.

Liability auto insurance

Liability coverage can cover injuries or damage you cause to other’s property or people in an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as pain and suffering, funeral expenses and medical expenses. How much coverage you buy is your choice, but consider buying as much as you can afford. Ohio state law requires minimum liability limits of 25/50/25 but drivers should carry better liability coverage.

The illustration below shows why low liability limits may not be adequate coverage.

Collision coverage

This will pay to fix damage to your Beetle from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a building, sideswiping another vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible on your Beetle to get cheaper collision coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses like dental work, EMT expenses, doctor visits and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits (25/50/25 in Ohio), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a broken windshield, hitting a deer, falling objects, rock chips in glass and damage from getting keyed. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Keep this in mind when shopping around

We covered quite a bit of information on how to get a better price on Volkswagen Beetle insurance in Toledo. The key concept to understand is the more you quote Toledo auto insurance, the better your comparison will be. You may even be surprised to find that the best price on car insurance is with a smaller regional carrier. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

Cheap Volkswagen Beetle insurance in Toledo can be bought on the web in addition to local insurance agencies, so you need to quote Toledo auto insurance with both to have the best chance of lowering rates. A few companies do not offer online rate quotes and most of the time these small insurance companies work with independent agencies.

As you shop your coverage around, it’s very important that you do not buy poor coverage just to save money. In many cases, an insured dropped liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at the best cost, not the least amount of coverage.

For more information, link through to the resources below:

• Keeping Children Safe in Crashes Video (iihs.org)
• What Car Insurance is Cheapest for 16 Year Olds in Toledo? (FAQ)
• How Much is Auto Insurance for a Jeep Wrangler in Toledo? (FAQ)
• Who Has Affordable Toledo Car Insurance Rates for a Chevrolet Equinox? (FAQ)
• How Much are Auto Insurance Quotes for a School Permit in Toledo? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Things to Know Before you Cancel Insurance (Allstate)
• Coverage Information (Progressive Insurance)