1997 Toyota Paseo Insurance Quotes – 7 Tips to Save

Tired of scraping the payment together to insure your Toyota every month? You are in the same boat as many other drivers. Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates to find the absolute lowest rate possible.

Are you qualifying for every discount?

Insurance can be prohibitively expensive, but there are discounts available that could help you make your next renewal payment. Some trigger automatically when you purchase, but occassionally some discounts must be asked about prior to receiving the credit.

  • ABS and Traction Control Discounts – Cars with anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
  • Discount for Life Insurance – Some insurance coverage companies give a discount if you purchase life insurance from them.
  • Seat Belt Usage – Forcing all vehicle occupants to buckle their seat belts may be able to save a few bucks off the medical payments premium.
  • Auto/Home Discount – If you insure your home and vehicles and place coverage with the same company you could save up to 20% off your total premium.
  • E-sign Discounts – A handful of companies provide a small discount for buying a policy and signing up on their website.
  • Pay Upfront and Save – By paying your entire bill at once as opposed to paying monthly you can avoid monthly service charges.
  • Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Progressive, State Farm and Geico will allow you to have one accident without getting socked with a rate hike so long as you are claim-free for a certain period of time.

It’s important to understand that most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like comp or med pay. Even though it appears all those discounts means the company will pay you, nobody gets a free ride.

A few of the larger companies and their offered discounts can be found below.

  • Progressive includes discounts for multi-vehicle, online quote discount, homeowner, good student, online signing, multi-policy, and continuous coverage.
  • MetLife may have discounts that include accident-free, good student, multi-policy, claim-free, and good driver.
  • Mercury Insurance has discounts for annual mileage, ease of repair, type of vehicle, accident-free, good student, professional/association, and age of vehicle.
  • Nationwide discounts include multi-policy, accident-free, family plan, good student, easy pay, business or organization, and anti-theft.
  • Geico offers discounts for multi-policy, air bags, anti-theft, multi-vehicle, and emergency military deployment.
  • AAA has savings for good student, good driver, anti-theft, pay-in-full, AAA membership discount, multi-policy, and education and occupation.

When comparing rates, check with each company or agent what discounts are available to you. Some discounts might not be offered on policies in your area.

When in doubt talk to an agent

When buying proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different so this has to be addressed. For example, these questions may help highlight if your insurance needs will benefit from professional help.

  • When would I need rental car insurance?
  • Does my car insurance cover rental cars?
  • Should I rate my 1997 Toyota Paseo as pleasure use or commute?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered if I wreck a rental car?
  • Are split liability limits better than a combined single limit?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

Auto insurance 101

Knowing the specifics of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as theft, hail damage and hitting a bird. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability car insurance

Liability coverage protects you from damage that occurs to a person or their property by causing an accident. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: 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 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things like bail bonds, legal defense fees, loss of income and repair costs for stationary objects. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as EMT expenses, doctor visits, rehabilitation expenses and pain medications. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This will pay to fix damage to your Paseo from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with another moving vehicle, driving through your garage door, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

More choices the merrier

You just read many ways to lower your 1997 Toyota Paseo insurance premium rates. The key concept to understand is the more rate quotes you have, the better your chances of lowering your prices. Drivers may discover the lowest priced insurance coverage comes from a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or Geico.

As you quote insurance, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an accident victim reduced uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. The aim is to buy enough coverage for the lowest price, but do not skimp to save money.

Much more information about insurance coverage is available below: