How Much Does 2005 Toyota Prius Insurance Cost?

Searching for better insurance rates for your Toyota Prius? High-priced insurance can stress out your monthly budget and possibly require you to analyze your spending habits. Price shopping at each renewal is free, only takes a few minutes, and is a good way to lower your bills every month.

Since you have so many choices, it is hard for the average consumer to choose the lowest price insurance provider.

You should take the time to shop coverage around before your policy renews because prices are constantly changing. Just because you had the best rates on Prius coverage a year ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance because we’re going to demonstrate one of the best ways to eliminate unnecessary coverages and save money.

Choosing the best insurance company for you is quite easy. If you have a policy now or are just looking to switch companies, you will benefit by learning to reduce the price you pay while maximizing coverage. Drivers just need to understand how to compare prices online.

Do you qualify for discount car insurance?

Some insurance providers don’t always list every available discount very clearly, so the list below contains a few of the more common and also the lesser-known car insurance savings. If you don’t get every credit possible, you are paying more than you should be.

  • Defensive Driver Discount – Taking a defensive driver course could possibly earn you a 5% discount and make you a better driver.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students until age 25.
  • Discounts for Good Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on Prius coverage compared to rates paid by drivers with frequent claims.
  • Discount for Low Mileage – Driving less could qualify for slightly better car insurancerates than normal.
  • Senior Citizen Discount – If you’re over the age of 55, you can possibly qualify for better car insurance rates on Prius coverage.
  • Membership in Organizations – Affiliation with a qualifying organization could trigger savings on car insurance.
  • Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts can save 10% or more off PIP or medical payments premium.

Discounts save money, but please remember that many deductions do not apply to your bottom line cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky.

Popular car insurance companies and a summarized list of policyholder discounts are shown below.

  • Geico offers discounts including good student, emergency military deployment, anti-theft, multi-vehicle, anti-lock brakes, and daytime running lights.
  • MetLife may include discounts for multi-policy, good driver, accident-free, claim-free, and defensive driver.
  • Progressive discounts include online quote discount, multi-vehicle, homeowner, multi-policy, and online signing.
  • Travelers may offer discounts for student away at school, payment discounts, hybrid/electric vehicle, home ownership, and multi-policy.
  • SAFECO has savings for teen safe driver, safe driver, bundle discounts, anti-theft, and teen safety rewards.
  • AAA includes discounts for anti-theft, multi-policy, good driver, multi-car, and AAA membership discount.

When getting a coverage quote, ask all companies you are considering which credits you are entitled to. Depending on the company, some discounts might not be available to policyholders in your area. To see insurers who offer online car insurance quotes, click here.

How to find the cheapest auto insurance

Effectively comparing auto insurance prices can be exhausting if you aren’t aware of the fastest way to get free quotes. You could spend the better part of a day talking about coverages with insurance agencies in your area, or you could use the internet to get pricing more quickly.

Most major companies belong to a marketplace where insurance shoppers only type in their quote data once, and every company can give them a price based on the submitted data. This system prevents you from having to do quote requests for each company you want a rate for.

To fill out one form to compare multiple rates now click here to start a free quote.

The only downside to using this type of system is you can’t choose which providers you want to price. If you would rather choose specific providers to compare prices, we have a page of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but ensure you are comparing identical deductibles and coverage limits on every quote you get. If you have different coverage information you can’t possibly determine which rate is truly the best.

How car insurance companies determine Toyota Prius insurance rates

Many factors are considered when premium rates are determined. Most are fairly basic like an MVR report, but other factors are less obvious like your continuous coverage or how safe your car is.

The itemized list below are some of the most common factors utilized by car insurance companies to help set rates.

  • Your vocation and insurance rates – Occupations such as real estate brokersair traffic controllers and accountants usually pay the highest average rates because of intense work-related stress and incredibly demanding work hours. Conversely, jobs such as actors, engineers and homemakers generally pay rates lower than average on Prius coverage.
  • Pay more of a claim out-of-pocket – Comprehensive and collision coverage deductibles tell how much you are required to spend out-of-pocket in the event of a claim. Physical damage protection, also called ‘full coverage’, is used to repair damage to your car. Examples of some claims that would be covered are collision with another vehicle, damage caused by hail, and having a roll-over accident. The more the insured is willing to pay, the less your insurance will be on Prius coverage.
  • With age comes responsibility – Mature drivers have been proven to be more responsible, tend to cause fewer accidents , and usually have better credit.Teenage drivers have a tendency to be less responsible when driving with friends so insurance rates are higher.
  • Gender and insurance rates – Statistics have proven that women are safer drivers than men. This data doesn’t prove that men are WORSE drivers than women. Women and men are in at-fault accidents at about the same rate, but men get into accidents with more damage. They also get cited for more serious violations like DUI and reckless driving. Youthful male drivers generally have the highest accident percentage and are penalized with high insurance rates.
  • Frequent insurance claims increase premiums – If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Companies give the lowest premiums to people who are claim-free. Your car insurance is intended for major claims that would cause financial hardship.
  • Your address can push rates up or down – Being located in smaller towns and rural areas of the country is a good thing when trying to find low car insurance rates. Lower population corresponds to lower accident rates and a lower car theft rate. People who live in big cities have more traffic problems and higher rates of accident claims. More time behind the wheel translates into higher accident risk.
  • Responsible drivers have lower costs – A bad driving record impacts your car insurance rates tremendously. Drivers with clean records receive lower rates than bad drivers. Even a single moving violation may cause rates to rise forty percent or more. Drivers with dangerous violations like DUI, reckless driving or excessive speeding may face state-mandated requirements to file a SR-22 with their state motor vehicle department in order to legally drive.

What insurance coverages do I need?

When choosing coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help highlight whether you could use an agent’s help.

  • Can my babysitter drive my car?
  • What are the financial responsibility laws in my state?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What exactly is covered by my policy?
  • Do I need more liability coverage?
  • Is my 2005 Toyota Prius covered for flood damage?
  • What happens if I owe more than my 2005 Toyota Prius is worth?
  • Do I need motorclub coverage?
  • Where can I find high-risk insurance?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Car insurance companies are expert advertisers

Drivers can’t get away from all the ads that claim the lowest auto insurance rates from companies such as State Farm and Allstate. All the companies seem to make the promise about savings just by moving your coverage.

How does each company offer you a better deal? It’s all in the words they use.

Companies quote their best rates for the type of insured that earns them the highest profit. For instance, a driver they prefer might be described as between the ages of 30 and 45, has few claims, and insures a new vehicle. Someone who fits that profile is entitled to the best price as well as save money with a new company.

Drivers who are not a match for the ideal profile will be charged higher prices and ends up with the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” but not “all drivers who get quotes” will save that much if they switch. That is how insurance companies can advertise the way they do. That is why you need to quote coverage with many companies. It’s impossible to know the company that will have the best premium rates.

Information about specific coverages

Understanding the coverages of insurance can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a broken windshield, vandalism, falling objects and hitting a deer. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like EMT expenses, surgery, ambulance fees, rehabilitation expenses and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability insurance

This coverage will cover damage that occurs to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things like loss of income, court costs, structural damage, medical services and medical expenses. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, backing into a parked car and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Toyota Prius.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Power to the consumer

Cost effective 2005 Toyota Prius insurance is available on the web as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some companies may not provide rates over the internet and these regional insurance providers only sell coverage through independent agencies.

While you’re price shopping online, never buy less coverage just to save a little money. There have been many cases where someone dropped comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. Your aim should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

You just read some good ideas how you can shop for 2005 Toyota Prius insurance online. The most important thing to understand is the more companies you get premium rates for, the better chance you’ll have of finding low cost car insurance. Consumers may even find the lowest car insurance rates are with some of the smallest insurance companies. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate, Geico and Progressive.

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