Looking for lower auto insurance rates for your Toyota Prius? Feel like you’re a prisoner to an expensive auto insurance policy? Believe me when I say you are not the only one feeling buyer’s remorse.
Numerous insurers battle for your insurance dollar, so it can be very hard to choose a provider to get the lowest price
If you currently have car insurance, you will most likely be able to reduce your rates substantially using these methods. Choosing the best insurance company for you is not rocket science. But vehicle owners should learn how the larger insurance companies compete online and use this information to your advantage.
Some insurance providers do not list every discount they offer in an easy-to-find place, so the list below gives a summary of both well-publicized and also the lesser-known credits that may apply to you.
Don’t be surprised that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Even though it appears adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will reduce your policy premium.
Large insurance companies and the discounts they provide are detailed below.
When quoting, ask every company which discounts you may be entitled to. Some credits might not be available to policyholders in every state. To choose insurers that offer many of these discounts, follow this link.
The best way to compare insurance rates from multiple companies is to know most of the bigger providers have advanced systems to provide you with free rate quotes. The only thing you need to do is provide a small amount of information including coverage limits, how much school you completed, if the car is leased, and the year, make and model of vehicles. The data gets sent immediately to all major companies and they return cost estimate within a short period of time.
To compare rates for your car now, click here and see if a lower rate is available.
Multiple criteria are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but some are less apparent such as whether you are married or how safe your car is.When buying auto insurance it’s important to understand the factors that play a part in calculating the level of your policy premiums. If you have some idea of what determines premiums, this enables informed choices that could help you find big savings.
The items below are a partial list of the pieces that factor into prices.
When choosing the best insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help you determine if your insurance needs might need professional guidance.
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.
Knowing the specifics of your policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average car insurance policy.
Comprehensive auto coverage
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as vandalism, damage from getting keyed, hail damage and hitting a bird. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance pay for expenses such as pain medications, chiropractic care, doctor visits and dental work. They are used to fill the gap from your health insurance program or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Toyota Prius.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.
Collision coverage protection
Collision insurance pays for damage to your Prius resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like crashing into a building, hitting a parking meter, scraping a guard rail and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Liability auto insurance
Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as medical expenses, legal defense fees and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. In many cases, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.
We just presented a lot of information how to get a better price on 2008 Toyota Prius insurance. The key thing to remember is the more companies you get prices for, the better chance you’ll have of finding the cheapest insurance. Drivers may discover the lowest premium rates come from an unexpected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and Geico.
Additional detailed information is available at these sites: