Save on 2015 Toyota Yaris Insurance Cost

Are you at wits end from sacrificing other expenses to pay your insurance bill each month? You are no different than millions of other consumers. Many insurance companies vie to insure your vehicles, so it’s not easy to compare every insurer to find the best rates possible.

Consumers should take time to compare prices at least once a year because insurance rates fluctuate regularly. Just because you found the best rate for Yaris coverage a year ago you may be paying too much now. Ignore everything you know about insurance because you’re about to learn the best way to find the best coverage while lowering your premiums.

If you have a current car insurance policy or are shopping for new coverage, you can follow these tips to get lower rates and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Drivers only need to know the best way to get comparison rates online.

Quote insurance coverage online

Finding cheaper insurance coverage rates is a fairly straight forward process. The only requirement is to invest a little time comparing free insurance coverage quotes to find out which insurance company has the cheapest insurance coverage quotes. It’s really simple and can be done in just a few minutes using one of these methods.

  1. The simplest way to find low rates is a comparison rater form (click to open form in new window). This quick form eliminates the need for separate forms for each company. Filling out one form gets you price quotes instantly.
  2. Another way to get quotes online is to manually visit each company’s website to request a price quote. For sake of this example, let’s say you need rates from State Farm, Safeco and Geico. To get rate quotes you would need to go to each individual site and enter your policy data, which is why first method is reommended. For a list of links to companies insuring cars in your area, click here.

Take whichever approach you prefer, but do your best to enter exactly the same coverage limits and deductibles on every quote. If the quotes have different data then you won’t be able to determine the best price for your Toyota Yaris.

Switch companies and save? Really?

Consumers can’t get away from ads that claim the lowest premium rates from companies such as State Farm, Allstate and Geico. All the ads convey the message about how much you will save if you get a free insurance coverage quote and switch your policy.

How is it possible that every company can offer you a better deal? It’s all in the numbers.

Insurance providers give the cheapest rates for the driver that will not have excessive claims. A good example of a driver they prefer may need to be between 30 and 50, has a clean driving record, and drives a lower-performance vehicle. A driver who fits that profile receive the lowest rate quotes and therefore will save quite a bit of money when switching.

Drivers who fall short of this ideal profile may be required to pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ad wording is “drivers that switch” not “everybody who quotes” save that much money. This is how companies can make those claims.

That is why drivers must do a price quote comparison at every renewal. It is just not possible to predict which insurance companies will give you the biggest savings.

Insurance companies offer money-saving discounts

Auto insurance companies don’t necessarily list every possible discount in a way that’s easy to find, so the following is a list of some of the best known as well as the least known savings tricks you should be using when you buy insurance coverage online. If you check and find you aren’t receiving every discount available, you could be saving more on your insurance.

  • Distant College Student Discount – Youth drivers who live away from home to go to college and do not have a car may qualify for this discount.
  • Bundled Policy Discount – When you combine your homeowners and auto insurance and insure them with the same company they may give you a discount of up to 20% off your total premium.
  • ABS Braking Discount – Vehicles with anti-lock braking systems can stop better under adverse conditions and will save you 10% or more.
  • Multi-Vehicle Discounts – Buying a policy with multiple cars on a single policy may reduce the rate for each vehicle.
  • Discount for New Cars – Buying a new car instead of a used car can save you some money because newer models keep occupants safer.
  • Low Miles Discount – Low annual miles can qualify you for lower rates on the low mileage vehicles.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Payment Method – If you pay your bill all at once as opposed to paying monthly you may reduce your total bill.

Discounts save money, but please remember that some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

To find providers that have a full spectrum of discounts, click here.

Do I just need basic coverages?

When buying the best insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is a little different so this has to be addressed. For example, these questions can aid in determining if your situation might need an agent’s assistance.

  • What is the rate difference between pleasure use and commuting?
  • Do I need replacement cost coverage on my 2015 Toyota Yaris?
  • How do I insure my teen driver?
  • Am I covered when driving a rental car?
  • Should I bundle my homeowners policy with my auto?
  • Can my teen drive my company car?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.

Coverage for collisions

Collision coverage pays for damage to your Yaris resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with a tree, hitting a parking meter, damaging your car on a curb, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive protection

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as theft, damage from a tornado or hurricane and hail damage. 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 probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for immediate expenses for hospital visits, surgery, doctor visits, rehabilitation expenses and ambulance fees. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This can cover damages or injuries you inflict on other’s property or people that is your fault. It protects you against claims from other people, and does not provide coverage for 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 commonly see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as structural damage, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Online plus local equals savings

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped collision coverage and discovered at claim time they didn’t purchase enough coverage. Your aim should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

You just read a lot of ways to save on 2015 Toyota Yaris insurance. The key thing to remember is the more you quote insurance coverage, the better your chances of lowering your prices. Consumers may even find the lowest premium rates come from a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Allstate, Geico and Progressive.

For more information, take a look at the resources below: