Save on 2013 Scion xB Insurance Quotes

Looking for lower insurance rates for your Scion xB? Did you come to the realization that you have an underperforming, overpriced insurance policy? Believe me when I say many drivers feel the same as you.

Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates to get the lowest rate

You should make it a habit to get comparison quotes periodically because prices change regularly. Just because you had the lowest rates for xB coverage two years ago there is a good chance you can find better rate quotes now. Ignore everything you know about insurance because you’re about to learn the proper way to get good coverage at a lower rate.

More discounts mean cheap premiums

Some providers do not advertise every policy discount in an easy-to-find place, so the list below details a few of the more common as well as some of the hidden credits that may apply to you.

  • Save over 55 – Drivers over the age of 55 could receive a slight reduction on a insurance coverage quote for xB coverage.
  • Multiple Vehicles – Buying insurance for all your vehicles with the same company can reduce rates for all insured vehicles.
  • Distant Student Discount – Youth drivers living away from home attending college and leave their car at home could get you a discount.
  • Active Service Discounts – Being deployed in the military could be rewarded with lower rates.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% for xB coverage depending on your company.
  • Discount for Multiple Policies – If you have multiple policies and insure them with the same company you could earn a discount of up to 20% off your total premium.
  • Good Students Pay Less – Excelling in school may save as much as 25% on a insurance coverage quote. You can use this discount normally well after school through age 25.
  • Homeowners Pay Less – Simply owning a home can earn you a little savings since home ownership means you have a higher level of financial diligence.
  • Life Insurance Discount – If the company offers life insurance, you could get a break if you buy auto and life insurance together.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you can actually save on your bill.

Policy discounts save money, but most credits do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Companies and the discounts they provide are included below.

  • Geico may include discounts for defensive driver, military active duty, membership and employees, daytime running lights, five-year accident-free, and seat belt use.
  • MetLife may offer discounts for claim-free, defensive driver, good student, multi-policy, accident-free, and good driver.
  • Progressive discounts include homeowner, online signing, continuous coverage, good student, multi-policy, and multi-vehicle.
  • Travelers offers discounts including new car, save driver, hybrid/electric vehicle, continuous insurance, driver training, student away at school, and multi-policy.
  • SAFECO policyholders can earn discounts including bundle discounts, safe driver, anti-lock brakes, teen safe driver, and multi-car.
  • AAA offers premium reductions for anti-theft, multi-car, education and occupation, pay-in-full, AAA membership discount, multi-policy, and good student.

When getting a coverage quote, ask each company how many discounts you can get. Some credits may not be offered in your area. To find insurance companies that offer many of these discounts, click here.

It’s not one size fits all

When choosing proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether you might need professional guidance.

  • What is the rate difference between pleasure use and commuting?
  • What companies insure drivers after a DUI or DWI?
  • Can I get a multi-policy discount?
  • At what point should I drop full coverage?
  • Should I put collision coverage on all my vehicles?
  • I have health insurance so do I need medical payments coverage?

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. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Big names are not always cheapest

Big name companies like State Farm, Geico and Progressive endlessly run television, radio, and online ads. All the companies try to convey promises about saving some big amount if you move your policy. Is it even possible that every company can charge you less for car insurance? It’s all in the wording.

Insurance companies have an ideal profile for the type of insured that will add to their bottom line. A good example of a driver they prefer might be married and over the age of 30, has other policies, and chooses high deductibles. Any person that hits that “sweet spot” will get low car insurance rates as well as save a lot of money.

Insureds who cannot meet the ideal profile will get higher prices and this results in business not being written. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” save that much when switching. That is how insurance companies can make claims that they all have the best prices.

This really emphasizes why drivers must compare rate quotes every year. It’s not possible to predict the company that will have the best premium rates.

Detailed coverages of your car insurance policy

Having a good grasp of car insurance can be of help when determining which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on most car insurance policies.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses for things like EMT expenses, doctor visits, pain medications, ambulance fees and nursing services. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family 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. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as theft, rock chips in glass, damage from a tornado or hurricane, falling objects and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability insurance

This can cover injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like loss of income, court costs, pain and suffering and funeral expenses. How much coverage you buy is up to you, but buy as much as you can afford.

Collision protection

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

Collision insurance covers claims such as sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Don’t be a big spender

When trying to cut insurance costs, you should never reduce needed coverages to save money. There have been many situations where consumers will sacrifice physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at an affordable rate but still have enough coverage for asset protection.

You just read some good ideas how you can lower your 2013 Scion xB insurance auto insurance rates. The key thing to remember is the more you quote insurance coverage, the better your chances of lowering your premium rates. Consumers may even find the best auto insurance rates are with some of the lesser-known companies. These companies often have lower premium rates on specific markets than the large multi-state companies such as State Farm, Geico and Nationwide.

To read more, take a look at the resources below: