Cheap Insurance for a Nissan cube in Toledo

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We don't have to point out that fact that auto insurance companies want to keep you from comparing rates. People who shop around for the cheapest rate are inclined to move their business because there is a good chance of finding lower prices. A recent auto insurance study discovered that drivers who did price comparisons regularly saved an average of $850 each year compared to drivers who never shopped around for lower prices.

If saving the most money on insurance in Toledo is the reason you're reading this, then having a grasp of the best way to compare cheaper coverage can make the process less intimidating.

Discount Nissan cube insuranceTo save the most money, the best way to find the cheapest price for auto insurance rates in Toledo is to regularly compare quotes from different companies that insure vehicles in Ohio.

  • First, learn about auto insurance and the things you can change to keep rates in check. Many things that cause high rates like distracted driving and an unacceptable credit rating can be improved by making lifestyle changes or driving safer.
  • Second, request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agents can provide prices from multiple sources.
  • Third, compare the new quotes to the price on your current policy to see if cheaper cube coverage is available. If you find better rates, make sure there is no coverage gap between policies.

One key aspect when comparing rates is to try to compare identical coverages on every price quote and and to look at as many companies as you can. Doing this guarantees an apples-to-apples comparison and the most accurate and complete price analysis.

When comparison shopping, there are several ways to compare quotes from different Toledo insurance companies. The fastest way to find the cheapest Nissan cube insurance rates is simply to get online rate quotes.

When comparing auto insurance rates, know that comparing a wide range of rates increases the chance that you will find more affordable rates. Some insurance companies are not set up to provide rate quotes online, so it's necessary to compare prices on coverage from those companies, too.

The companies in the list below can provide free rate quotes in Toledo, OH. To buy the best car insurance in Toledo, OH, it's a good idea that you click on several of them to find the cheapest car insurance rates.

Choosing the best Nissan cube insurance in Ohio is an important decision

Even though it can be expensive, car insurance is most likely required but also gives you several important benefits.

  • Just about all states have mandatory insurance requirements which means the state requires a minimum amount of liability protection in order to drive the car. 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 your cube has a lienholder, almost all lenders will require that you buy insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender will be forced to insure your Nissan for a lot more money and require you to fork over for it.
  • Insurance safeguards both your assets and your Nissan cube. It will also provide coverage for hospital and medical expenses that are the result of an accident. As part of your policy, liability insurance will also pay to defend you if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance definitely exceed the price paid, particularly when you have a large claim. On average, a vehicle owner in Toledo is wasting up to $869 every year so it's important to compare rates every year to be sure current rates are still competitive.

Nissan cube detailed coverage information

The rate information below covers different coverage costs for Nissan cube models. Being more informed about how premiums are calculated can help drivers make smart choices when comparing insurance quotes.

Nissan cube Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $86 $140 $234 $14 $70 $544 $45
Cube S 2WD $98 $140 $234 $14 $70 $556 $46
Cube SL 2WD $98 $172 $234 $14 $70 $588 $49
Cube Krom 2WD $112 $202 $234 $14 $70 $632 $53
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in garaging location in Toledo which can affect insurance rates considerably.

Choosing deductibles

When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The following insurance rates help summarize the premium difference when you choose different coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Nissan cube insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $170 $290 $226 $14 $68 $793 $66
Cube S 2WD $196 $290 $226 $14 $68 $819 $68
Cube SL 2WD $196 $352 $226 $14 $68 $881 $73
Cube Krom 2WD $220 $416 $226 $14 $68 $969 $81
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Nissan cube insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $94 $152 $226 $14 $68 $554 $46
Cube S 2WD $108 $152 $226 $14 $68 $568 $47
Cube SL 2WD $108 $186 $226 $14 $68 $602 $50
Cube Krom 2WD $122 $220 $226 $14 $68 $650 $54
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in garaging location in Toledo which can alter rates greatly.

We can derive from the above data that using a $100 deductible costs approximately $23 more each month or $276 every year than quoting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 39 months between claims, you would save money if you choose a higher deductible. Here is an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $72
Average monthly premium for $1,000 deductibles (subtract): - $49
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

One thing to note is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have to file a claim. You should have some funds available in the event you need to pay more for the deductible.

The information below highlights how deductible selection and can affect Nissan cube premium costs for different age groups. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are applied.

Do you need full coverage?

The example below visualizes the comparison of Nissan cube auto insurance rates with and without physical damage coverage. The prices are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There is no set guideline to delete physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's pretend your Nissan cube replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your deductible. If you are paying more than $600 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where only buying liability is not recommended. If you still have a lienholder on your title, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

These discounts can lower Nissan cube insurance rates

Auto insurance companies don't always publicize every policy discount very well, so below is a list some of the more common as well as the least known discounts that may be available.Cheaper insurance with discounts

  • Senior Discount - If you qualify as a senior citizen, you may qualify for a slight reduction on a Toledo auto insurance quote.
  • Own a Home and Save - Owning your own home or condo can earn you a little savings because of the fact that having a home is proof of financial responsibility.
  • Accident Waiver - This one is not really a discount per se, but certain companies allow you one accident before your rates go up as long as you don't have any claims for a certain period of time.
  • Seat Belts Save - Drivers who require all occupants to fasten their seat belts could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Savings for New Vehicles - Buying insurance on a new vehicle is cheaper since newer vehicles are generally safer.
  • Sign Online - Some companies may give you up to $50 for signing up on the internet.
  • College Student Discount - Older children who live away from home to go to college and do not have access to a covered vehicle can receive lower rates.
  • Air Bags and Passive Restraints - Cars that have air bags can qualify for discounts of up to 25% or more.
  • Claim Free - Insureds with no claims or accidents pay less in comparison to drivers with a long claim history.

One thing to note about discounts is that some of the credits will not apply to your bottom line cost. Most cut individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, companies don't profit that way.

The chart below visualizes the comparison of Nissan cube insurance prices with and without discounts applied to the premium. The information is based on a female driver, no accidents or driving violations, Ohio state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, marriage, safe-driver, and claim-free discounts applied.

Some of the insurance companies that may offer quotes with some of the above discounts may include but are not limited to:

Check with every company which discounts you may be entitled to. Some credits might not be offered in Toledo.