Save Money on Scion xD Insurance in Columbus

If you want to save the most money, the best way to get cheaper Scion xD insurance in Columbus is to compare quotes annually from different companies that insure vehicles in Ohio. Prices can be compared by following these steps.

One bit of advice is to make sure you’re comparing identical limits and deductibles on each quote request and to quote with every company you can. This guarantees an apples-to-apples comparison and a complete price analysis.

Insurance rates Scion xD in ColumbusIt goes without saying that auto insurance companies don’t want their policyholders to compare prices. Drivers who compare other rates will presumably buy a different policy because of the good chance of finding a policy with better rates. Remarkably, a study showed that drivers who made a habit of comparing rates saved approximately $3,400 over four years compared to policyholders who never shopped for cheaper rates.

If finding the lowest price on Scion xD insurance is why you’re here, understanding the best ways to find and compare insurance rates can save money and time.

Most companies such as Progressive, Allstate and GEICO give prices on the web. Doing online price comparisons for Scion xD insurance in Columbus is fairly straightforward as you just enter the coverages you want on the page. When complete, their quoting system automatically retrieves reports for credit and driving violations and gives you a price quote based on many factors.

Being able to quote online for Scion xD insurance in Columbus makes it a lot easier to compare rates and it’s necessary to have as many quotes as possible in order to find the best possible rates on auto insurance.

If you want to fill out one form to compare multiple rates now, compare quotes from the companies shown below. If you have coverage now, it’s recommended you enter your coverages identical to your current policy. Doing this guarantees you will have an apples-to-apples comparison for similar coverage.

The providers in the list below can provide free rate quotes in Ohio. If several companies are displayed, it’s highly recommended you visit as many as you can in order to find the lowest rates.

Rates and detailed analysis

The premium information below highlights estimates of coverage costs for Scion xD models. Having insight into how insurance policy premiums are established is important for you to make smart buying decisions.

Scion xD Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $132 $304 $256 $16 $76 $784 $65
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific location which can impact prices noticeably.

Physical damage deductible comparison

One of the most common auto insurance questions is how high should your deductibles be. The premium rates below highlight the difference in cost when you select higher and lower physical damage coverage deductibles. The first set of rates uses a $100 deductible and the second price table uses a $1,000 deductible.

Scion xD insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $170 $352 $226 $14 $68 $855 $71
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Scion xD insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $94 $186 $226 $14 $68 $588 $49
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in vehicle location which can decrease or increase coverage rates significantly.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $22 more each month or $264 for a full year across all Scion xD models than choosing the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 41 months between claim filings, you would probably be better off by going with a higher deductible. The table below illustrates the way you can perform this determination yourself.

Average monthly premium for $100 deductibles: $71
Average monthly premium for $1,000 deductibles (subtract): – $49
Monthly savings from raising deductible: $22
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 41 months

One big caveat is that raising deductibles to save money results in having to pay to pay more out-of-pocket if you have a claim. It will be required that you have some money saved in order to pay more to get your vehicle repaired.

The illustration below highlights how deductible selection and can influence Scion xD insurance prices for each different age category. The premiums assume a single female driver, full physical damage coverage, and no additional discounts are factored in.

Three main reasons to buy car insurance

Despite the high insurance cost for a Scion xD in Columbus, insurance may be required and benefits you in several ways.

The benefits of buying car insurance more than offset the price you pay, specifically if you ever have a liability claim. The average driver in America is wasting up to $825 a year so we recommend shopping around at every policy renewal to be sure current rates are still competitive.

Auto insurance 101

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Scion xD.

Due to the fact that many Ohio drivers only purchase the least amount of liability that is required (which is 25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Insurance for medical payments – Coverage for medical payments and/or PIP kick in for bills for X-ray expenses, dental work, doctor visits and EMT expenses. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Liability – This can cover damage or injury you incur to people or other property that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t 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. You commonly see values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims like funeral expenses, legal defense fees, medical services, court costs and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Ohio state law requires minimum liability limits of 25/50/25 but you should think about purchasing more coverage.

The next chart shows why buying low liability limits may not be enough.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as vandalism, theft and falling objects. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision – This coverage covers damage to your xD resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible on your xD to bring the cost down.