2014 Toyota Prius Insurance Cost – 7 Tips for Cheaper Prices

I doubt anyone likes paying for car insurance, particularly when it costs too dang much. Popular companies such as State Farm and Geico all claim big savings, bombarding you with ad campaigns and it can be hard to ignore the flashy ads and do the work needed to find the best deal.

It’s a good idea to compare prices on a regular basis because insurance rates change regularly. Despite the fact that you may have had the lowest rate on Prius insurance last year you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to learn the best methods to reduce your cost while improving coverage.

If you have insurance now or need a new policy, you can use this information to find the best rates while maximizing coverage. Buying car insurance is not that difficult. Vehicle owners only need to know the most effective way to get comparison rates online.

The quickest method to get rate comparisons is to know the trick most of the larger companies provide online access to give rate comparisons. To begin a comparison, all you need to do is take a few minutes to give details such as what your job is, if it has an anti-theft system, how you use your vehicles, and whether or not you need a SR-22. That rating data is automatically sent to many of the top insurers and you will receive price estimates within a short period of time.

To check 2014 Toyota Prius insurance prices now, click here and find out if lower rates are available.

Find hidden discounts on auto insurance

Auto insurance is not inexpensive, but there are discounts available that can help lower your rates. Some discounts will apply at the time of quoting, but a few need to be inquired about prior to receiving the credit.

• Anti-theft System – Anti-theft and alarm system equipped vehicles help deter theft and qualify for as much as a 10% discount.
• Air Bag Discount – Options like air bags or automatic seat belts could see savings as much as 30%.
• Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks on medical payment and PIP coverage.
• Defensive Driver Discount – Completing a safe driver course could cut 5% off your bill depending on where you live.
• Pay Early and Save – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
• E-sign – A few larger online companies give back up to $50 for buying your policy digitally online.
• College Student Discount – who are enrolled in higher education away from home and leave their car at home may qualify for this discount.

Just know that most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. So even though you would think you could get a free auto insurance policy, you aren’t that lucky.

If you would like to view companies that provide some of the discounts listed above, follow this link.

Tailor your insurance coverage coverage to you

When it comes to choosing the best insurance coverage coverage, there really is no one size fits all plan. Every insured’s situation is different so your insurance should reflect that For instance, these questions might help in determining if your situation could use an agent’s help.

• How can I get my company to pay me more for my totalled car?
• Am I covered when pulling a rental trailer?
• How much liability coverage do I need in my state?
• How does medical payments coverage work?
• Do I get a pro-rated refund if I cancel my policy early?
• What can I do if my company denied a claim?

If you don’t know the answers to these questions, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, free and can provide invaluable advice.

Learn about insurance coverages for a Toyota Prius

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages available from insurance companies.

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, hitting a deer, hail damage and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance covers damage to your Prius from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a parking meter, driving through your garage door, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as hospital visits, surgery, nursing services, rehabilitation expenses and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Toyota Prius.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as court costs, funeral expenses and emergency aid. How much coverage you buy is up to you, but buy as large an amount as possible.

Shop. Compare. Save.

In this article, we presented a lot of ways to reduce 2014 Toyota Prius insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable auto insurance. Drivers may discover the biggest savings come from the smaller companies. Some small companies may cover specific market segments cheaper compared to the large companies like Progressive or Geico.

As you shop your coverage around, do not sacrifice coverage to reduce premiums. There have been many cases where an insured cut physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage at the best price, but do not skimp to save money.

More tips and info about insurance is available in the articles below:

• Young Drivers: The High Risk Years Video (iihs.org)
• Auto Theft Statistics (Insurance Information Insitute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Choosing a Car for Your Teen (State Farm)