How Much Does 2012 Toyota Prius v Insurance Cost?

Drivers have options when trying to find low-cost Toyota Prius v insurance. You can either waste hours contacting agents to get rate comparisons or leverage the internet to find the lowest rates.

There is a better way to shop for car insurance and you need to know the quickest way to quote coverages for your Toyota and get the cheapest rates from local insurance agents and online providers.

You should take the time to compare premium rates at least once a year because car insurance prices are rarely the same from one policy term to another. Just because you had the best deal for Prius v insurance last year other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because you’re about to find out the quickest way to lower your rates without sacrificing coverage.

If you are insured now or are just looking to switch companies, you will benefit by learning to get lower rates and possibly find even better coverage. The purpose of this article is to introduce you to the most effective way to quote insurance and some tips to save money. Drivers only need to know the best way to compare prices online.

Reduce your car insurance rates with discounts

Car insurance is easily one of your largest bills, but you can get discounts to help bring down the price. Certain discounts will be applied at the time you complete a quote, but a few must be manually applied before you will receive the discount.

• Claim-Free Discount – Drivers who don’t have accidents get the best car insurance rates as compared to drivers with a long claim history.
• Good Student – Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
• Senior Discount – Older drivers could receive reduced rates for Prius v insurance.
• Driver’s Ed – Cut your cost by having your teen driver enroll and complete driver’s education if offered at their school.
• Membership in Organizations – Being in a qualifying organization could qualify you for a break on car insurance.
• Accident Waiver – This isn’t a discount exactly, but some insurance companies allow you one accident before raising your premiums if your claims history is clear for a certain period of time.
• College Student Discount – Any of your kids who live away from home to go to college without a vehicle on campus may be able to be covered for less.
• Low Mileage Discounts – Fewer annual miles on your Toyota could be rewarded with discounted car insurancerates on garaged vehicles.
• Payment Method – By paying your policy upfront instead of making monthly payments you can actually save on your bill.

One last thing about discounts, most discounts do not apply to the entire cost. Some only reduce specific coverage prices like liability and collision coverage. Even though it appears adding up those discounts means a free policy, you aren’t that lucky. But any discount will reduce your policy premium.

To choose providers that offer many of these discounts, click this link.

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Buy insurance online

There are a lot of ways you can shop for insurance and some are more efficient than others. You can waste a few hours (or days) driving to insurance companies in your area, or you can stay home and use the web to achieve your goal.

Most of the best insurance companies enroll in a system that allows shoppers to submit their information once, and every company provides a quote based on the submitted data. This saves time by eliminating quote forms for every insurance company.

To participate in this free quote system, click to open in new window.

The single downside to using this type of system is that consumers can’t choose the companies you want to price. So if you prefer to pick specific insurance companies for rate comparison, we have a listing of companies who write insurance in your area. Click to view list.

It’s your choice how you get your quotes, but do your best to use apples-to-apples coverage data for each price quote. If you have different deductibles you will not be able to determine which rate is truly the best.

Educated choices result in lower insurance prices

Smart consumers have a good feel for some of the things that aid in calculating the price you pay for insurance coverage. When consumers understand what determines base rates, this empowers consumers to make smart changes that could help you find cheaper rates.

• Alarms and GPS tracking lower insurance coverage rates – Owning a car with a theft deterrent system can earn a premium discount. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft and help bring rates down.
• Know your credit rating – An insured’s credit score can be a huge factor in determining what you pay. So if your credit is lower than you’d like, you could save money insuring your 2012 Toyota Prius v by improving your credit score. Consumers who have excellent credit tend to file fewer claims as compared to drivers with lower credit ratings.
• Raise physical damage deductibles and save – Comprehensive and collision coverage deductibles are the amount of money you are willing to pay before a claim is paid by your company. Protection for physical damage, also called ‘full coverage’, insures against damage to your car. Some instances where coverage would apply are rearending another vehicle, damage from fire, and damage caused by road hazards. The more damage repair cost the insured is willing to pay, the lower your rates will be for Prius v insurance.
• Cheaper rates by combining – Some companies will award a discount for people that have more than one policy. It’s known as a multi-policy discount. Even with this discount applied, drivers will still want to shop around to help ensure you have the lowest rates.
• How old are your drivers? – Drivers with little experience are known to be careless and easily distracted when behind the wheel so they pay higher insurance coverage rates. Adding a first-time driver onto a policy can be quite pricey. More mature drivers are proven to be safer behind the wheel, tend to file fewer claims .
• Men tend to take more risk – Statistics show women tend to be less risk to insure than men. However, this does not mean females are better drivers. Females and males have fender benders at a similar rate, but the men have accidents that have higher claims. In addition to higher claims, males also get cited for more serious violations like driving under the influence (DUI).
• Marriage reduces risk – Your spouse may cut your premiums on your policy. Having a spouse translates into being more mature and it’s proven that married drivers get in fewer accidents.
• Claims cost money – Insurance companies award lower rates to policyholders who are claim-free. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Insurance coverage is designed for larger claims.

You are unique and your car insurance should be too

When buying the best car insurance coverage, there really is no one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether your personal situation might need an agent’s assistance.

• Is motorclub coverage worth it?
• Is business property covered if stolen from my car?
• Am I covered if I crash into my own garage door?
• Is extra glass coverage worth it?
• Do I need to file an SR-22 for a DUI in my state?
• Are my friends covered when driving my 2012 Toyota Prius v?
• How much can I save by bundling my policies?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance ads bend the truth

Consumers can’t avoid all the ads that promise big savings for switching by Allstate, Geico and Progressive. All the ads advertise the message that you can save if you change to them.

How is it plausible that every one can give you a better price?

Insurance providers have strict underwriting profiles for the driver that earns them the most money. An example of a desirable insured could possibly be over age 30, has no claims, and has excellent credit. Someone that fits those parameters will get very good prices as well as save when they switch companies.

Insureds who are not a match for the ideal profile will probably have to pay a higher premium which translates to the driver buying from a lower-cost company. The ads say “drivers who switch” but not “everyone who gets a quote” save that much when switching. That’s why companies can state the savings.

Because of this risk profiling, it is so important to do a rate comparison at every renewal. Because you cannot predict which company will give you lower prices than your current company.

Coverages available on your auto insurance policy

Knowing the specifics of auto insurance can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Liability insurance

This coverage provides protection from damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for things like medical services, bail bonds, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for immediate expenses for hospital visits, X-ray expenses and nursing services. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your 2012 Toyota Prius v.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, a tree branch falling on your vehicle, falling objects and a broken windshield. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage protection

This covers damage to your Prius v from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a ditch, crashing into a building, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

A fool and his money are soon parted

When shopping online for insurance coverage, don’t be tempted to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find for the lowest cost, but do not sacrifice coverage to save money.

In this article, we covered many ways to compare 2012 Toyota Prius v insurance rates online. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers could even find that the most savings is with a smaller regional carrier.

Consumers switch companies for many reasons like questionable increases in premium, poor customer service, policy cancellation and even policy non-renewal. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.

Other information

• Uninsured Motorist Statistics (Insurance Information Insitute)
• Anti-Lock Brake FAQ (iihs.org)
• Auto Insurance Basics (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• Auto Insurance FAQ (Farmers Insurance)

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