Best Toledo, OH Auto Insurance in 2024
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Nov 12, 2024
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Are you looking for cheap auto insurance in Toledo, OH? At AutoInsuranceEZ.com, you could get the lowest cost insurance rates locally. To receive free car insurance estimates offered by the very best providers now, provide your postal code in the quote box here on this page.
Toledo has a rich historical past, going back as far as the War of 1812, which sculpted the future of US expansion. Later, the city would become famous as a center for advanced glassware production (and is still a capital for glass-making industries today). Toledo is also famous for the Port of Toledo, which serves as an essential shipping and distribution hub along the Great Lakes waterways.
- Fun fact: Do you like wide open spaces? Because Toledo is #90 on the list of “Top 100 cities with largest land areas (pop. 50,000+)”. Learn more about Toledo by visiting here.
Auto Insurance Coverage Requirements in Ohio
Driving legally in Toledo requires:
| Coverage | Requirements | Most Common |
| Bodily Injury Liability | 12,500/25,000 | 100,000/300,000 |
| Property Damage Liability | 7,500 | 100,000 |
| Uninsured Motorist Bodily Injury | Not required | 100,000/300,000 |
| Medical Payments | Not required | 5,000 |
| Collision | Not required | 500 deductible |
| Comprehensive | Not required | 0 deductible |
If you have an older, used vehicle, then Liability coverage might be adequate for your needs. However, newer vehicles which cost more to replace will require more coverage. Sometimes it might be required from your bank lender or leased vehicles.
Typical Ohio motorists are paying around $77 each month for their insurance policies. But smart shoppers could get coverage for as low as $34/mo* if they act quickly. Also, you can learn more about Ohio car insurance by visiting our Ohio page.
Looking for the absolute lowest price? Then look toward either Ohio Mutual or State Farm. But remember that there are other aspects to insurance service than just pricing. After all, you don’t want to sign up for a low rate and then have to deal with claims filing problems or poor customer service.
Auto insurance providers consider numerous factors when figuring out insurance prices, such as driving experience, geography, occupation, education, and business use of the vehicle. Also keep in mind that premiums could vary from company to company. To find out if you’re still receiving the most affordable cost, review cheap Toledo auto insurance price quotes over the internet.
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Major Car Insurance Factors in Toledo
There is a wide array of numerous things that might factor into the rate quotes you obtain. While many specific things aren’t actually something you can do something about, a few of them are things that you can change for the better. Here are some factors which can change your auto insurance premium:
Your Zip code
The spot where you store your car each night will have a serious impact on your car insurance rate. Generally, car insurance cost less in non-urban areas because a lower number of vehicles signifies a smaller chance that you’re going to get into an accident with another automobile. The populace of Toledo is 282,313 and the usual household earnings are $31,907.
Automotive Accidents
Any area with a high rate of accidents is likely going to see rate hikes. Take a look at the chart below; it contains serious accident statistics for Toledo. If you are concerned by those numbers, talk to your provider about discounts you might qualify for, such as Safe Driver discounts.
Auto Thefts in Toledo
Dwelling in a big metropolis (Especially any having a significant rate of crime) can increase your probability of becoming a victim of auto thieves. Should your general area have substantial statistics of claims for theft, you are likely to pay more for your automobile insurance in order to counteract these prices. The total amount of taken motor vehicles in 2013 was 1,064 for the city of Toledo.
Your Credit Score
Most people have no idea how important their credit score is, or how many ways in can influence your everyday life. Your automotive insurance rate is one of the most important factors in determining your rates. If you have poor credit, you will likely get charged much more – but there are companies out there which will give you a bit of a break.
Age
Young drivers and their lack of experience behind the wheel are much more likely to get into a serious accident, and therefore much more risky to insure. But you can try to lower your premiums with Good Student discounts, or by taking Driver’s Education classes.
Your Driving Record
Your driving record will definitely have in impact on how much you get charged. The more violations you have on your record, the more likely your insurance provider will charge you more. But there are such things as Accident Forgiveness discounts, so ask your provider if you qualify.
Your Vehicle
Your insurance coverage will be largely determined by how much you need to purchase in order to repair or replace your vehicle. And, naturally, an expensive luxury vehicle will need more coverage in order to adequately repair or replace in the event of an accident.
Minor Car Insurance Factors in Toledo
There are major factors which will influence your automobile insurance rate, and then there are minor influences that most people don’t think very much about. And some of those are:
Your Marital Status
Being married gives you the privilege of bundling your insurance policy with that of your spouse. And while being married won’t necessarily result in discounts for you as an individual, bundling with your spouse can get you some decently lower rates.
Your Gender
It’s very difficult to predict whether or not your gender will alter your insurance rate. This is because not all insurance companies operate by the same rules. Some providers will charge more based on a specific gender, but many don’t discriminate based on gender alone.
Your Driving Distance to Work
If you live and work in Toledo, you can generally expect a commute time between 15-23 minutes for each trip. Many drivers will choose to drive their own vehicle by themselves (79%), while about 11-25% will likely be carpooling.
Short of insuring your vehicle for business purposes, there is very little you can change about your driving habits to get a good discount on your insurance rate. Even slashing your yearly mileage or your reason for being on the road won’t get you more than a 3-4% lower rate.
Your Coverage and Deductibles
Thinking about raising your deductible for a lower rate? Well, make sure you plan accordingly. Raising your deductible can get you a lower monthly premium, but it will also mean that you have to pay that higher deductible if you have to file a claim. So make sure you save up some cash first.
Education in Toledo, OH
More than 33% of Toledo residents have successfully completed their high school diploma or other equivalent, while around 20% have not yet gone that far with their education. But for anyone thinking about pursuing an advanced degree, consider this: the further you take your educational goals, the more eligible you will be for advanced auto insurance discounts.
The University of Toledo is made up of eight different colleges which educate 21,000 combined students each year. Like other major cities in Ohio, Toledo boasts its own medical school: the Medical College of Ohio. And for those looking to fast-track their education, there is the Owens Community College.
Establishing your own personal financial risk can be very hard or inconceivable for the common insurance client. Insurance providers have got an advantage over consumers because of their statistics and experiential know-how. Discover what insurance providers don’t really want anyone to learn.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Sources:
Ohio Department of Insurance
Division of Financial Institutions – Ohio Department of Commerce
Department of Highway Safety and Motor Vehicles
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