Lower Your 2015 Toyota Prius Insurance Rates

Having to pay for expensive Toyota Prius insurance can diminish your savings account and require stricter spending habits. Comparing rate quotes is recommended to tighten up your finances.

Popular companies such as State Farm, Geico and Farmers Insurance continually hit you with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.

If you have a current auto insurance policy or need new coverage, you can use these techniques to cut your premiums and possibly find even better coverage. Buying car insurance is not that difficult. Drivers just need to understand the proper methods to compare price quotes online.

Pay discount rates these discounts

Insuring your vehicles can cost a lot, but you may find discounts to help offset the cost. Certain discounts will be triggered automatically at quote time, but less common discounts must be manually applied before they will apply. If you are not receiving all the discounts available, you are paying more than you should be.

• Multiple Cars – Buying insurance for all your vehicles on a single policy could earn a price break for each car.
• Policy Bundle Discount – When you have multiple policies with one insurance company you may earn 10% to 20% off each policy.
• Accident Free – Drivers who stay claim-free are rewarded with significantly better rates on car insurance quote as opposed to insureds who have frequent claims or accidents.
• Senior Citizen Rates – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums on Prius insurance.
• Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts could save 15% off the PIP or medical payment premium.
• Good Student – This discount could provide a savings of up to 20% or more. Earning this discount can benefit you well after school through age 25.
• Government Employees – Active or retired federal employment could qualify for a slight premium decrease on Prius insurance but check with your company.
• Student in College – Any of your kids who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
• Theft Prevention Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and will qualify for a discount on a car insurance quote.

As is typical with insurance, most discounts do not apply to all coverage premiums. Most only reduce specific coverage prices like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.

To locate insurance companies who offer free insurance coverage quotes, click here to view.

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Special considerations

When buying the best car insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether you might need professional guidance.

• Is a fancy paint job covered?
• Why am I required to buy high-risk coverage?
• When do I need to add a new car to my policy?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do I need replacement cost coverage?

If you’re not sure about those questions but you know they apply to you, you might consider talking to 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. It’s fast, doesn’t cost anything and can provide invaluable advice.

Can switching companies really save?

Consumers get pounded daily by advertisements that promise big savings by Geico, State Farm and Progressive. All the companies make the point about saving some big amount if you move your coverage.

How is it possible that every company can have lower policy pricing?

Insurance providers quote their cheapest rates for the driver that will generate a profit. For example, a desirable insured could possibly be a married female, has a low-risk occupation, and drives less than 7,500 miles a year. A customer getting a price quote that fits those parameters will probably get the lowest premium rates and as a result will probably save a lot of money.

Potential customers who don’t meet this ideal profile will be charged higher premiums and this results in the customer buying from someone else. The ad wording is “drivers that switch” not “everyone that quotes” can save as much as they claim. This is how insurance companies can confidently make those claims. Because of these techniques, you really need to compare rate quotes every year. It is just not possible to predict which company will have the best prices.

Insurance coverage considerations

Understanding the coverages of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. These are typical coverages found on most insurance policies.

Comprehensive coverages

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from getting keyed, hitting a bird and hitting a deer. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Med pay and PIP coverage pay for immediate expenses like EMT expenses, prosthetic devices and hospital visits. 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 all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Coverage for collisions

This coverage pays for damage to your Prius from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as backing into a parked car, colliding with a tree and scraping a guard rail. This coverage can be expensive, so consider removing coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Toyota Prius.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability

This coverage will cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like legal defense fees, repair costs for stationary objects and funeral expenses. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

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Have money to burn

In this article, we covered a lot of information how to get a better price on 2015 Toyota Prius insurance. It’s most important to understand that the more you quote car insurance, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower auto insurance rates as compared to the big name companies such as State Farm and Allstate.

When getting car insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut liability limits or collision coverage and learned later that they should have had better coverage. Your goal is to buy the best coverage you can find at a price you can afford, but do not sacrifice coverage to save money.

To learn more, feel free to visit the following helpful articles:

• Tread Depth and Tire Safety (State Farm)
• What is Full Coverage? (Allstate)
• What is Covered by GAP Insurance? (Allstate)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Teen Driving Statistics (iihs.org)

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