Best Ways to Save on Toledo Hyundai Santa Fe Insurance

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We don't have to tell you that auto insurance companies don't want policyholders to compare prices from other companies. Insureds who shop around for cheaper prices will, in all likelihood, buy a different policy because of the good chance of finding a lower-priced company. A study showed that people who regularly compared price quotes saved as much as $3,400 over four years compared to drivers who never shopped around for better prices.

If saving the most money on car insurance is your goal, then having a grasp of how to quote prices and compare auto insurance can help simplify the task of finding more affordable coverage.

Insurance rates Hyundai Santa Fe in ToledoIf saving the most money is your goal, then the best way to get low-cost Hyundai Santa Fe insurance is to make a habit of comparing prices annually from insurance carriers who provide car insurance in Toledo.

  • Step 1: Try to learn a little about the different coverages in a policy and the modifications you can make to keep rates in check. Many rating factors that are responsible for high rates such as careless driving and an unacceptable credit history can be eliminated by making minor changes to your lifestyle. This article gives the details to get lower rates and get additional discounts.
  • Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple companies.
  • Step 3: Compare the price quotes to your existing coverage to determine if switching companies saves money. If you find a better price and change companies, ensure coverage does not lapse between policies.
  • Step 4: Notify your current company to cancel the current policy and submit a down payment along with a signed application to your new company or agent. Once the paperwork is finalized, put the new proof of insurance certificate above your visor, in the console, or in the glove compartment.

The most important part of this process is to make sure you enter the same level of coverage on each price quote and and to get quotes from every insurance company. This provides an accurate price comparison and the most accurate and complete price analysis.

Most larger insurance companies such as GEICO, State Farm and Progressive give coverage prices directly from their websites. Obtaining pricing for Hyundai Santa Fe insurance in Toledo is very simple as you just enter your required coverages on the page. After you submit the form the system gets reports for credit and driving violations and generates pricing information based on these factors. This streamlines rate comparisons, and it's absolutely necessary to have as many quotes as possible if you want to get affordable prices.

If you want to fill out one form to compare multiple rates now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it's recommended that you enter deductibles and limits exactly as shown on your declarations page. This guarantees you will receive a price comparison for similar coverage.

The companies shown below are our best choices to provide comparison quotes in Toledo, OH. To locate the best cheap car insurance in Toledo, we recommend you visit two to three different companies in order to find the most affordable rates.

Rates and information analytics

The coverage information displayed below showcases estimates of policy rates for Hyundai Santa Fe models. Knowing how policy premiums are calculated is important for making informed decisions when comparing rate quotes.

Hyundai Santa Fe Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $142 $238 $298 $18 $88 $784 $65
Santa Fe GLS 4WD $162 $238 $298 $18 $88 $804 $67
Santa Fe SE 2WD $162 $238 $298 $18 $88 $804 $67
Santa Fe Limited 2WD $162 $280 $298 $18 $88 $846 $71
Santa Fe SE 4WD $162 $280 $298 $18 $88 $846 $71
Santa Fe Limited 4WD $184 $280 $298 $18 $88 $868 $72
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium amounts do not factor in Toledo location which can revise coverage rates significantly.

Higher deductibles lower rates

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The figures shown below outline the differences in price when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $250 deductible and the second price chart uses a $1,000 deductible.

Hyundai Santa Fe insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $152 $296 $226 $14 $68 $781 $65
Santa Fe GLS 4WD $176 $296 $226 $14 $68 $805 $67
Santa Fe SE 2WD $176 $296 $226 $14 $68 $805 $67
Santa Fe Limited 2WD $176 $348 $226 $14 $68 $857 $71
Santa Fe SE 4WD $176 $348 $226 $14 $68 $857 $71
Santa Fe Limited 4WD $198 $348 $226 $14 $68 $879 $73
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Hyundai Santa Fe insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $94 $186 $226 $14 $68 $588 $49
Santa Fe GLS 4WD $108 $186 $226 $14 $68 $602 $50
Santa Fe SE 2WD $108 $186 $226 $14 $68 $602 $50
Santa Fe Limited 2WD $108 $220 $226 $14 $68 $636 $53
Santa Fe SE 4WD $108 $220 $226 $14 $68 $636 $53
Santa Fe Limited 4WD $122 $220 $226 $14 $68 $650 $54
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Information does not factor in Toledo location which can raise or lower rates significantly.

Based on the figures above, using a $250 deductible will cost you about $17 more each month or $204 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 44 months between claims, you would save more money going with the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $250 deductibles: $69
Average monthly premium for $1,000 deductibles (subtract): - $52
Monthly savings from raising deductible: $17
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 44 months

An important thing to remember is that a higher deductible level means you will have to pay more out-of-pocket at claim time. You must have access to more funds in the event you need to pay the deductible for vehicle repair.

Full coverage versus liability only rates

The illustration below visualizes the comparison of Hyundai Santa Fe annual premium costs with and without physical damage coverage. Data assumes no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop paying for full coverage

There isn't a steadfast formula of when to exclude full coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let's say your Hyundai Santa Fe claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it's costing in excess of $400 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Cheaper Hyundai Santa Fe insurance rates in Toledo

Car insurance is not cheap, but you may be missing some discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically at quote time, but a few need to be specially asked for in order for you to get them.Discount auto insurance

  • Paper-free Discount - Certain larger companies will discount your bill up to fifty bucks get Toledo car insurance on their website.
  • Military Rewards - Having an actively deployed family member may lower your rates slightly.
  • Drive Safe and Save - Insureds who avoid accidents can get discounts for up to 45% lower rates than less cautious drivers.
  • Pay Early and Save - If you pay your bill all at once rather than spreading payments over time you can actually save on your bill.
  • Multi-Vehicle Discounts - Buying coverage for multiple cars on one policy can reduce rates for all insured vehicles.
  • Toledo Homeowners Discount - Simply owning a home may earn you a small savings because owning a home requires a higher level of personal finance.
  • Air Bags and Passive Restraints - Factory air bags or motorized seat belts may qualify for discounts of 25 to 30%.

Don't be shocked that many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, you aren't that lucky.

The diagram below illustrates the comparison of Hyundai Santa Fe yearly insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or violations, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, claim-free, multi-policy, and safe-driver discounts applied.

A list of auto insurance companies and a selection of discounts include:

  • American Family offers discounts including TimeAway discount, early bird, accident-free, good student, multi-vehicle, mySafetyValet, and good driver.
  • State Farm may offer discounts for good student, safe vehicle, anti-theft, passive restraint, student away at school, multiple policy, and driver's education.
  • 21st Century policyholders can earn discounts including theft prevention, automatic seat belts, 55 and older, defensive driver, air bags, early bird, and driver training.
  • Travelers discounts include new car, good student, save driver, student away at school, and driver training.
  • GEICO may have discounts that include military active duty, anti-lock brakes, membership and employees, emergency military deployment, seat belt use, multi-vehicle, and anti-theft.

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in Toledo. To locate companies with the best Hyundai Santa Fe insurance discounts in Ohio, click this link.

Three main reasons to buy car insurance

Even though it can be expensive, paying for car insurance may be mandatory for several reasons.

  • Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry 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 have a lien on your vehicle, almost every bank will force you to buy insurance to guarantee payment of the loan. If the policy lapses, the lender will be forced to insure your Hyundai at a much higher premium rate and force you to pay the higher price.
  • Car insurance preserves not only your Hyundai Santa Fe but also your financial assets. It will also reimburse you for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. According to a recent study, the average American driver overpays as much as $855 a year so shop around at every policy renewal to ensure rates are competitive.

Which auto insurance company is best in Toledo?

Picking a high-quality car insurance provider can be rather challenging considering how many choices there are in Ohio. The information shown next may help you pick which car insurance providers you want to consider when comparing rate quotes.

Toledo, Ohio Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

Auto insurance agents can help

Some people still like to visit with an insurance agent and often times that is recommended Experienced insurance agents are very good at helping people manage risk and give you someone to call. A good thing about getting free rate quotes online is you may find cheap rate quotes but still work with a licensed agent. And supporting local insurance agents is still important in Toledo.

Find insurance agent in ToledoTo help locate an agent, after submitting this form (opens in new window), your coverage information gets sent to agents in your area who will return price quotes for your car insurance coverage. You don't have to find an agent on your own due to the fact that quote results will go to the email address you provide. In the event you want to get a price quote from a particular provider, you can always go to their quote page and fill out their quote form.

If you want to buy car insurance from a local agent, it helps to know the two types of insurance agents that differ in how they can insure your vehicles. Agents in Toledo are either exclusive or independent agents depending on their company appointments. Either can properly insure your vehicles, but it's worth learning how they differ because it can impact which agent you choose.

Independent Agents (or Brokers)

Agents in the independent channel are appointed with more than one company so they have the ability to put coverage with any number of different companies depending on which coverage is best. If they quote lower rates, they simply move the coverage in-house and you don't have to switch agencies.

If you need lower rates, you should always include price quotes from independent agents to have the most options to choose from.

Featured below is a short list of independent agencies in Toledo who may be able to give you competitive price quotes.


3307 N Holland Sylvania Rd #6 - Toledo, OH 43615 - (419) 725-2886 - View Map

Detlef Insurance
833 Woodville Rd - Toledo, OH 43605 - (419) 693-7458 - View Map


2330 Airport Hwy - Toledo, OH 43609 - (419) 385-3101 - View Map

More Toledo agents

Exclusive Car Insurance Agents

Exclusive agencies have only one company to place business with like Allstate, State Farm and Farmers Insurance. They are unable to shop your coverage around so they have no alternatives for high prices. Exclusive insurance agents are usually quite knowledgeable on what they offer and that enables them to sell even at higher rates.

Listed below are Toledo exclusive insurance agencies that can give you price quote information.


5401 Secor Rd - Toledo, OH 43623 - (419) 474-0559 - View Map

Marty Vugrinac - State Farm Insurance Agent
1022 S Reynolds Rd - Toledo, OH 43615 - (419) 389-0533 - View Map


1544 S Byrne Rd - Toledo, OH 43614 - (419) 385-4107 - View Map

More Toledo agents

Deciding on an insurance agency requires you to look at more than just the price. Get answers to these questions too.

  • Can glass claims be handled at your home?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • Are there any extra charges for paying monthly?
  • Will the agent help in case of a claim?
  • Which company do they place the most coverage with?
  • Which family members are covered?
  • Does the agency support the community they serve?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?