2016 Scion iM Insurance Cost – 6 Ways to Save

Searching for the cheapest car insurance rates for your Scion iM? Are you burned out from being strong-armed to pay car insurance each month? You are in the same boat as many other drivers.

People have so many insurers to purchase coverage from, and although it’s a good thing to have multiple companies, more choices can make it harder to find the best rates.

It’s important to get comparison quotes quite often because prices change quite often. If you had the best deal on iM insurance six months ago you will most likely find a better rate today. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the best methods to lower your rates without sacrificing coverage.

Find discounts to get cheap insurance coverage rates

Car insurance is not cheap, but you might find some hidden discounts to reduce the price significantly. A few discounts will be applied at the time of quoting, but lesser-known reductions have to be inquired about before being credited.

• E-sign – A handful of companies give back up to $50 for buying your policy online.
• Discount for New Cars – Adding a new car to your policy is cheaper since newer models have better safety ratings.
• Data Collection Discounts – Insureds that choose to allow driving data collection to spy on driving patterns by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if their driving habits are good.
• ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents and will save you 10% or more.
• Defensive Driver Discounts – Taking a course that instructs on driving safety could cut 5% off your bill and also improve your driving technique.
• Low Mileage Discounts – Fewer annual miles on your Scion could be rewarded with lower prices due to less chance of an accident.

One last thing about discounts, most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though you would think you would end up receiving a 100% discount, companies wouldn’t make money that way.

Some of the insurance companies that may include most of the discounts above possibly include:

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

When getting a coverage quote, ask each company what discounts are available to you. A few discounts may not apply to policyholders in every state. To view companies that can offer you the previously mentioned discounts, click here.

Tailor your insurance coverage coverage to you

When it comes to choosing the best insurance coverage coverage, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might point out if your insurance needs would benefit from an agent’s advice.

• Why do I only qualify for high-risk insurance?
• Can I get a multi-policy discount?
• When do I need to add a new car to my policy?
• Does my policy pay for OEM or aftermarket parts?
• Am I covered if I crash into my own garage door?
• Is pleasure use cheaper than using my 2016 Scion iM to commute?

If you’re not sure about those questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

Specific coverages for a 2016 Scion iM

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages available from car insurance companies.

Auto liability – This coverage provides protection from injuries or damage you cause to people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims such as structural damage, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for bills such as pain medications, prosthetic devices, hospital visits and nursing services. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Collision coverage – This covers damage to your iM resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sideswiping another vehicle, hitting a mailbox, driving through your garage door, crashing into a ditch and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a broken windshield, hitting a bird, vandalism and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

More choices the merrier

Some insurance providers may not offer price quotes online and most of the time these smaller providers only sell through independent insurance agencies. Cheap 2016 Scion iM insurance is attainable both online and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.

As you prepare to switch companies, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible for the lowest price and still be able to protect your assets.

For more information, feel free to visit the articles below:

• Booster Seat Ratings (iihs.org)
• Child Safety FAQ (iihs.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Think You’re a Safe Driver? (State Farm)
• A Tree Fell on Your Car: Now What? (Allstate)
• What is a Telematics Device? (Allstate)