Lower Your 2015 Toyota Prius Plug-in Car Insurance Cost

Searching for cheaper car insurance rates for your Toyota Prius Plug-in? I really doubt anyone enjoys paying for car insurance, especially when they are aware that they could find better rates elsewhere. Insurance companies such as State Farm, Progressive and Geico constantly blast consumers with fancy advertisements and it is difficult to sift through the bull and find the best price available.

It’s smart to get comparison quotes on a regular basis because insurance rates change quite often. Just because you found the lowest rates on Toyota Prius insurance a year ago the chances are good that you can find a lower price today. Block out anything you think you know about car insurance because you’re going to learn one of the easiest ways to find lower rates on car insurance.

If you have a current insurance policy or need a new policy, you can use this information to get lower rates and still get good coverage. Buying car insurance is not rocket science. Drivers just need to understand the proper way to compare company rates over the internet.

How your Prius Plug-in insurance prices are determined

Part of the car insurance buying process is learning a few of the rating criteria that help calculate your car insurance rates. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in lower car insurance prices. Many factors are used in the calculation when premium rates are determined. Most are fairly basic like your driving record, although some other factors are not as apparent like your vehicle usage and annual miles driven.

The factors shown below are some of the factors that factor into your premiums.

• Prevent your car from being stolen – Buying a car that has a built-in theft deterrent system can help bring down rates. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms all help prevent car theft.
• Does your employer raise your premiums? – Occupations like lawyers, executives and financial analysts tend to pay higher rates than average attributed to intense work situations and lengthy work days. Conversely, occupations such as professors, engineers and homemakers generally pay rates lower than average on Prius Plug-in insurance.
• Reserve insurance claims for larger damages – Insurance companies generally give lower rates to policyholders who are claim-free. If you are the type of insured that files lots of claims you can expect higher rates. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
• Get a ticket, pay higher premiums – Drivers with clean records pay less for auto insurance compared to bad drivers. Even a single speeding ticket can bump up the cost by twenty percent. Drivers unfortunate enough to have multiple citations such as DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state in order to drive a vehicle legally.
• Why do you need liability? – The liability coverage on your policy is the protection when you are responsible for damages from an accident. Your liability coverage provides legal defense coverage starting from day one. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.

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Earn discounts to get lower-cost insurance quotes

Insurance can cost an arm and a leg, but companies offer discounts that can help lower your rates. A few discounts will automatically apply at the time you complete a quote, but less common discounts must be asked about in order for you to get them.

• Good Grades Discount – Maintaining excellent grades can save 20 to 25%. Many companies even apply the discount to college students up to age 25.
• Defensive Driver Discounts – Taking time to complete a course that instructs on driving safety could save 5% or more depending on where you live.
• Safe Driver Discounts – Drivers who avoid accidents can save as much as half off their rates on Prius Plug-in insurance compared to rates paid by drivers with frequent claims.
• Discounts for New Vehicles – Insuring a new car can save you some money because new model year vehicles have to meet stringent safety requirements.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
• College Student Discount – College-age children living away from home attending college and do not take a car to college can receive lower rates.
• Multiple Vehicles – Purchasing coverage when you have multiple cars or trucks with one company could earn a price break for each car.
• Homeowners Pay Less – Owning a home may trigger a policy discount on insurance because of the fact that having a home requires personal responsibility.
• Accident-Free Discounts – Insureds with no claims or accidents can earn big discounts when compared to policyholders that have many claims.
• E-sign – A few larger online companies will give a small break for completing your application digitally online.

It’s important to understand that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. Despite the fact that it seems like all the discounts add up to a free policy, that’s just not realistic.

Popular insurance companies and a partial list of their discounts can be read below.

• State Farm discounts include student away at school, multiple autos, good driver, accident-free, multiple policy, safe vehicle, and driver’s education.
• Liberty Mutual offers premium reductions for good student, preferred payment discount, safety features, exclusive group savings, newly married, and multi-car.
• American Family policyholders can earn discounts including mySafetyValet, defensive driver, Steer into Savings, TimeAway discount, air bags, good driver, and accident-free.
• Progressive offers discounts for good student, multi-policy, online signing, continuous coverage, online quote discount, and homeowner.
• Farmers Insurance may offer discounts for homeowner, electronic funds transfer, pay in full, early shopping, good student, bundle discounts, and mature driver.
• Auto-Owners Insurance offers discounts including air bags, student away at school, teen driver, safe driver, mature driver, and company car.
• SAFECO may have discounts that include bundle discounts, homeowner, drive less, teen safe driver, teen safety rewards, and anti-theft.

Before buying, ask all companies you are considering which discounts can lower your rates. All car insurance discounts may not be available in every state. To see a list of insurance companies that have a full spectrum of discounts, click here.

Can you really save $390 a year?

Consumers can’t get away from ads for the lowest price insurance coverage by companies like Allstate and Progressive. All the companies make the same claim about savings after switching your coverage to them.

That’s great but how can every company claim to save you money?

Insurance coverage companies have specific criteria for the type of customer that makes them money. A good example of this type of risk profile might have to be between 25 and 40, has no prior claims, and drives less than 5,000 miles a year. Any new insured that meets those criteria may get the lowest prices and will save a lot if they switch.

Potential customers who fall outside this stringent profile will get higher rates which results in the prospect going elsewhere. If you listen closely, the ads state “customers that switch” not “everyone who quotes” can save as much as they claim. This is how insurance companies can confidently state the savings. That is why it’s extremely important to compare as many free auto insurance quotes as you can. Because you never know with any certainty which company will have the best car insurance rates for your profile.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage, there is no best way to insure your cars. Every situation is different and your policy should reflect that. For instance, these questions might help in determining if you could use an agent’s help.

• How does medical payments coverage work?
• If my pet gets injured in an accident are they covered?
• Do I benefit by insuring my home with the same company?
• What is PIP insurance?
• Is my teenager covered with friends in the car?
• What vehicles should carry emergency assistance coverage?
• Am I covered when driving in Canada or Mexico?
• Exactly who is provided coverage by my policy?
• Do I need replacement cost coverage on my 2015 Toyota Prius Plug-in?
• Do I need motorclub coverage?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

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Specific coverage details

Knowing the specifics of your auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverage types offered by auto insurance companies.

Liability coverages

This protects you from injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage protects against claims like repair costs for stationary objects, medical services and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage

This will pay to fix damage to your Prius Plug-in caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like driving through your garage door, sideswiping another vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like hospital visits, ambulance fees and nursing services. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Toyota Prius Plug-in.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive protection

This covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, damage from a tornado or hurricane, a tree branch falling on your vehicle, rock chips in glass and fire damage. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

In any little way, save everyday

You just learned many ways to shop for 2015 Toyota Prius Plug-in insurance online. The most important thing to understand is the more you quote auto insurance, the higher your chance of finding cheaper auto insurance. Drivers may discover the lowest priced car insurance comes from the least-expected company. Smaller companies can often provide lower prices in certain areas as compared to the big name companies such as State Farm or Progressive.

Affordable 2015 Toyota Prius Plug-in insurance can be sourced online and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer rate quotes online and many times these small, regional companies only sell through local independent agents.

For more information, link through to the resources below:

• Distracted Driving Statistics (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)
• Credit Impacts Car Insurance Rates (State Farm)
• Auto Insurance 101 (About.com)

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

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