Cheaper 2015 Toyota Prius Insurance Rates

Searching for cheaper insurance rates for your Toyota Prius? I can’t think of a single person who likes buying insurance, especially knowing the cost is too high.

Online insurance companies like Geico and Progressive persitently shower you with TV and radio ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

If you currently have car insurance, you will be able to lower your premiums substantially using this information. Choosing the best insurance company for you is quite easy. But drivers benefit from understanding the way insurance companies determine prices and take advantage of how the system works.

How to get cheap insurance coverage

There are several ways to compare rate quotes from many different insurance companies. The recommended way to compare rates is to get quotes online. It’s really quite simple and can be done in just a few minutes using one of these methods.

  1. The easiest and least time consuming way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This quick form saves time by eliminating repetitive form submissions for each company. One quote request will get you price quotes from insurance coverage companies with the best prices.
  2. A less efficient way to analyze rates requires a trip to the website for every company you want to comare and fill out a new quote form. For sake of this example, we’ll assume you want to view quotes from Geico, Liberty Mutual and Travelers. To get each rate you have to go to every website to input your insurance information, which is why first method is reommended.

    For a list of links to insurance companies in your area, click here.

Whichever way you use, make sure you are using exactly the same coverages and limits on every price quote you get. If you are comparing differing limits it will be very difficult to make a fair comparison for your Toyota Prius. Just a small difference in insurance coverages or limits may cause a big price difference. Just keep in mind that quoting more will increase your chances of finding the best offered rates. Some smaller insurers to not give online price quotes, so it’s recommended that you also compare rates from the smaller companies as well.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that These are some specific questions can help discover if your situation might need an agent’s assistance.

  • Will I lose any money if I cancel my policy before it expires?
  • Should I buy full coverage?
  • Is my ex-spouse still covered by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is my cargo covered for damage or theft?
  • Where can I get insurance after a DUI in my state?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Car insurance 101

Learning about specific coverages of your policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from car insurance companies.

UM/UIM Coverage – Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Toyota Prius.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, fire damage and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability insurance – Liability coverage provides protection from damage that occurs to people or other property. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as structural damage, funeral expenses, loss of income, emergency aid and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as rolling your car, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance – Med pay and PIP coverage reimburse you for short-term medical expenses such as prosthetic devices, chiropractic care, EMT expenses and funeral costs. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage