No car owner loves paying for car insurance, especially knowing they are paying too much.
It's an obvious assumption that auto insurance companies don't want you to look for a cheaper policy. Drivers who compare other rates are likely to switch to a new company because there is a great chance of finding a lower-priced policy. A recent study showed that consumers who regularly compared rates saved an average of $3,400 over four years as compared to drivers who never shopped around for cheaper prices.
If saving the most money on Ford GT insurance is your ultimate objective, then learning about how to quote and compare auto insurance can make the process more efficient. Vehicle owners have multiple auto insurance companies to choose from, and although it's a good thing to have multiple companies, it makes it harder to find a good deal for Ford GT insurance in Toledo.
You should take the time to do rate comparisons every six months since insurance prices are usually higher with each renewal. If you had the best deal on Ford GT insurance in Toledo a year ago the chances are good that you can find a lower premium rate today. There is too much inaccurate information about GT insurance on the web, but you can learn a lot of great tips on how to lower your car insurance premiums.
Finding the cheapest insurance coverage in Toledo can be much easier if you know how to start. If you are paying for car insurance now, you stand a good chance to be able to find the best rates using the concepts covered in this article. Drivers only need an understanding of the most time-saving way to compare insurance rates online.
The most recommended method to compare insurance rates in your area takes advantage of the fact most insurance companies actually pay money for the chance to give rate comparisons. The one thing you need to do is provide the companies a bit of rating information including how old drivers are, whether you have decent credit, if you're married, and whether or not you need a SR-22. Your rating data gets sent immediately to multiple different insurance companies and you receive quotes almost instantly.
If you would like to compare rates now, click here then complete the form.
The following companies provide price comparisons in Ohio. If you wish to find the best auto insurance in Toledo, OH, it's a good idea that you visit two to three different companies in order to find the most competitive rates.
Don't overlook these six Ford GT insurance discounts
Not too many consumers would say car insurance is affordable, but discounts can save money and there are some available to help offset the cost. Some discounts apply automatically at the time of purchase, but a few need to be asked about before you will receive the discount.
- Telematics Data Discounts - Policyholders that allow their insurance company to spy on where and when they drive through the use of a telematics system like Allstate's Drivewise could possibly reduce rates if their driving habits are good.
- Active Military Service - Being deployed with a military unit could be rewarded with lower car insurance rates.
- Defensive Driver Discount - Passing a defensive driving course could cut 5% off your bill if you qualify.
- Discount for Good Grades - A discount for being a good student can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
- Multiple Vehicles - Buying a policy with multiple cars with the same company can get a discount on all vehicles.
- Drive Less and Save - Low mileage vehicles could be rewarded with substantially lower rates.
You can save money using discounts, but many deductions do not apply to the overall cost of the policy. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like you could get a free car insurance policy, it's just not the way it works. But all discounts will bring down your policy cost.
To see a list of insurers with the best discounts in Ohio, click here to view.
Shop online but buy locally
Some people still prefer to sit down with an agent and doing that can be a smart decision Insurance agents can help you build your policy and give you someone to call. One of the best bonuses of comparing rate quotes online is you may find cheaper rates but also keep your business local.
By using this short form, your information gets sent to companies in Toledo that can provide free Toledo auto insurance quotes for your car insurance coverage. It's much easier because you don't need to search for any insurance agencies as quotes are delivered to the email address you provide. If for some reason you want to get a comparison quote from a particular provider, you can always find their quoting web page to submit a rate quote request.
Selecting an insurer requires you to look at more than just a cheap price quote. Any good agent in Toledo should know the answers to these questions.
- Is auto insurance their primary focus in Toledo?
- Do you qualify for any additional discounts?
- How many years have they been established?
- If you are a high risk driver, do they have special markets for your coverage?
- Will the company cover a rental car if your car is getting fixed?
- How are they compensated?
Choose the right auto insurance agent
If you want a local agent, you must know there are a couple types of insurance agents and how they operate. Agents in Toledo can be classified as either independent or exclusive depending on the company they work for. Both can write policy coverage, but it is important to understand how they differ since it could factor into your agent selection.
Exclusive agencies write business for a single company such as State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to provide other company's prices so it's a take it or leave it situation. Exclusive agencies receive a lot of sales training on what they offer and that allows them to sell at a higher price point.
Shown below is a short list of exclusive insurance agents in Toledo that are able to give comparison quotes.
State Farm: Romie Brown
1843 W Alexis Rd #1 - Toledo, OH 43613 - (419) 480-1212 - View Map
Independent Car Insurance Agencies
Agents that choose to be independent do not write with just one company so they have the ability to put coverage through lots of different companies and potentially find a lower price. If premiums increase, the agent simply finds a different carrier which requires no work on your part.
When comparing rates, you will definitely want to contact independent agents so that you have a good selection of quotes to compare.
Below is a list of independent insurance agencies in Toledo willing to provide price quotes.
There's no such thing as the perfect insurance policy
Keep in mind that when it comes to choosing proper insurance coverage, there really isn't a best way to insure your cars. Your needs are not the same as everyone else's.
These are some specific questions could help you determine if your situation might need professional guidance.
- How can I find cheaper teen driver insurance?
- How high should my uninsured/underinsured coverage be in Ohio?
- Will filing a claim cost me more?
- Do I need PIP (personal injury protection) coverage in Ohio?
- What is GAP insurance?
- If my pet gets injured in an accident are they covered?
- Is my Ford GT covered if I use it for business?
- What if I total my Ford GT and owe more than it's worth?
- Can good grades get a discount?
- Which companies will insure me after a DUI?
If it's difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and can help protect your family.
Choosing vehicle insurance is an important decision
Despite the high cost, insurance may be required for several reasons.
- The majority of states have mandatory insurance requirements which means state laws require specific limits of liability coverage in order to drive the car legally. 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 loan on your Ford, it's most likely the lender will make it mandatory that you have comprehensive coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may insure your Ford for a much higher rate and require you to pay for it.
- Insurance safeguards both your Ford GT and your personal assets. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than offset the price you pay, especially with large liability claims. An average driver in America is currently overpaying as much as $865 each year so it's recommended you shop around at every renewal to ensure rates are inline.
Car insurance coverages and their meanings
Knowing the specifics of your car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.
Liability insurance - This coverage can cover damages or injuries you inflict on other's property or people that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability can pay for claims like repair bills for other people's vehicles, bail bonds and emergency aid. How much coverage you buy is your choice, but buy as large an amount as possible. Ohio state law requires minimum liability limits of 25/50/25 but it's recommended drivers buy more coverage.
The illustration below shows why low liability limits may not provide you with enough coverage.
Comprehensive car insurance - Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as hitting a deer, vandalism, a tree branch falling on your vehicle, rock chips in glass and a broken windshield. The highest amount you'll receive from a claim is the market value of your vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.
Collision coverage - Collision coverage covers damage to your GT caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible on your GT to save money on collision insurance.
Coverage for uninsured or underinsured drivers - This coverage protects you and your vehicle when the "other guys" are uninsured or don't have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your Ford GT.
Due to the fact that many Ohio drivers carry very low liability coverage limits (Ohio limits are 25/50/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.
Coverage for medical expenses - Coverage for medical payments and/or PIP pay for immediate expenses for things like hospital visits, rehabilitation expenses, X-ray expenses, funeral costs and pain medications. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Shop smart and save
In this article, we covered many ways to compare Ford GT insurance car insurance rates in Toledo. The key thing to remember is the more price quotes you have, the better your chances of lowering your premium rates. Consumers may even find the lowest car insurance rates are with a small mutual company.
As you restructure your insurance plan, make sure you don't reduce needed coverages to save money. In many cases, someone sacrificed liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your goal should be to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.
Affordable Ford GT insurance in Toledo can be purchased on the web in addition to local insurance agencies, so get free Toledo auto insurance quotes from both of them so you have a total pricing picture. Some companies don't offer the ability to get a quote online and many times these regional carriers sell through independent insurance agencies.
Steps to finding low-cost rates for Ford GT insurance in Toledo
If saving money is your primary concern, then the best way to quote cheaper Ford GT insurance in Toledo is to compare quotes once a year from different companies in Ohio.
Step 1: Try to understand what coverages are included in your policy and the things you can control to prevent rate increases. Many factors that result in higher rates such as speeding tickets, accidents and a negative credit rating can be remedied by making minor driving habit or lifestyle changes.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and State Farm, while independent agents can give you price quotes from multiple insurance companies.
Step 3: Compare the new rate quotes to your current policy premium to see if a cheaper price is available. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
Step 4: Give notification to your current company of your intent to cancel your current coverage. Submit payment and a signed application for the new policy. Be sure to safely store the certificate of insurance in a readily accessible location in your vehicle.
A good tip to remember is to use similar coverage information on every price quote and and to get rates from as many carriers as you can. This enables an apples-to-apples comparison and a thorough price selection.
- Keeping Children Safe in Crashes Video (iihs.org)
- Who Has Cheap Toledo Auto Insurance for Handicapped Drivers? (FAQ)
- Who Has Cheap Car Insurance Quotes for Drivers Over Age 50 in Toledo? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Understanding your Policy (NAIC.org)