2011 Toyota Prius Insurance Rates – 9 Ways to Save

Consumers have options when looking for the lowest priced Toyota Prius insurance. They can either spend hours driving around trying to get quotes or leverage the internet to find the lowest rates.

There are both good and bad ways to find insurance online so you’re going to learn the absolute fastest way to compare rates for your Toyota and get the lowest price either online or from local insurance agents.

It’s a good habit to compare premium rates periodically because insurance prices change regularly. Even if you think you had the best rates on Prius coverage two years ago the chances are good that you can find a lower rate quote today. Forget all the misinformation about insurance because you’re about to learn the only way to find the best coverage while lowering your premiums.

This article will help you learn how car insurance quotes work and some tricks to saving. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these methods. Drivers only need to know the best way to compare company rates over the internet.

How to buy insurance online

All major insurance companies such as 21st Century, Allstate and State Farm allow you to get price estimates direct online. Doing online price comparisons is easy for anyone because you just enter the coverages you want into the form. After the form is submitted, their quoting system makes automated requests for your driving and credit reports and generates pricing information based on these and other factors.

Online quotes makes it easy to compare insurance prices but having to visit different websites and type in your information can be a bit tiresome and repetitive. But it is imperative to compare as many rates as possible if you are searching for the lowest insurance rates.

A quicker way to lower your rates utilizes a single form that obtains quotes from many companies. It saves time, requires much less work on your part, and makes rate comparisons much easier to do. As soon as you send your information, it gets priced with multiple companies and you can pick any one of the resulting price quotes.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. It can be completed in less than 10 minutes and may result in a nice savings.

To compare pricing, click here and enter your information. If you have a policy now, it’s recommended you duplicate your coverages exactly as they are listed on your policy. This makes sure you’re receiving rate quotes using the same coverage and limits.

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Insurance Coverage Discounts

Some providers don’t list every disount available in an easy-to-find place, so the next list breaks down some of the best known as well as some of the hidden credits that may apply to you.

• Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts of 25 to 30%.
• Driver’s Ed – Have your child complete a driver education course in school.
• Payment Method – If you pay your bill all at once as opposed to paying monthly you can avoid the installment charge.
• Telematics Data – Insureds who allow driving data submission to look at vehicle usage by installing a telematics device such as State Farm’s In-Drive might get better premium rates if they show good driving skills.
• Braking Control Discount – Cars with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
• Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a insurance quote. The discount lasts until age 25.
• Policy Bundle Discount – When you combine your homeowners and auto insurance and place coverage with the same company you could get a discount of over 10 percent off each policy depending on the company.
• Discounts for Safe Drivers – Insureds without accidents may save up to 50% more on Prius coverage than their less cautious counterparts.
• Homeowners Discount – Owning a home may earn you a small savings since owning and maintaining a home shows financial diligence.

While discounts sound great, it’s important to understand that many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. So when the math indicates you could get a free insurance coverage policy, company stockholders wouldn’t be very happy.

Companies that may offer quotes with some of the discounts shown above include:

• Farmers Insurance
• State Farm
• Liberty Mutual
• MetLife
• Progressive

If you want cheaper insurance quotes, ask each company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in your area. To choose insurers who offer online insurance coverage quotes, click here to view.

Tailor your car insurance coverage to you

When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.

• If I drive on a suspended license am I covered?
• Can I rate high risk drivers on liability-only vehicles?
• Is a blown tire covered by insurance?
• At what point should I drop full coverage?
• Is rental equipment covered for theft or damage?
• Is my babysitter covered when using my vehicle?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverages 101

Understanding the coverages of a auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Auto liability insurance – This provides protection from damage that occurs to other’s property or people that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as repair bills for other people’s vehicles, court costs and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage – Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with another moving vehicle, crashing into a ditch and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as theft, vandalism, falling objects and damage from getting keyed. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

UM/UIM Coverage – This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays 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, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like nursing services, dental work and ambulance fees. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

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More effort can pay off

We just showed you a lot of information how to lower your 2011 Toyota Prius insurance rates. It’s most important to understand that the more quotes you get, the higher your chance of finding cheaper insurance. Drivers may discover the best rates are with a smaller regional carrier.

Consumers leave their current company for any number of reasons including extreme rates for teen drivers, questionable increases in premium, delays in paying claims or lack of trust in their agent. No matter why you want to switch, finding a great new company is pretty easy and you might even save some money in the process.

When getting insurance quotes online, you should never reduce needed coverages to save money. There have been many cases where an accident victim reduced liability coverage limits and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.

Helpful information

• Speed and Speed Limit FAQ (iihs.org)
• Collision Insurance Coverage (Nationwide)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Teen Driver Licensing Information (iihs.org)
• Rental Reimbursement Coverage (Allstate)

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