2016 Toyota Prius Insurance Rates

Searching for the cheapest car insurance rates for your Toyota Prius? Tired of wondering where the money will come from to pay high car insurance rates every month? You’re in the same situation as the majority of other people. Companies like State Farm and Geico constantly blast consumers with catchy ads and consumers find it hard to see through the deception and take the time to shop coverage around.

First Step: Get free insurance coverage quotes

Comparing insurance coverage rates can take hours if you aren’t aware of the best way to get rate quotes. You could spend your day discussing policy coverages with local insurance agents in your area, or you could save time and use online quoting to get the quickest rates.

Most major companies enroll in a system where prospective buyers enter their policy data once, and every company can provide price quotes based on the submitted data. This prevents consumers from doing quote requests for every insurance coverage company. To compare pricing click here (opens in new window).

One minor caviat to comparing rates this way is you don’t know exactly which providers you want to price. So if you prefer to pick specific insurance companies to receive pricing from, we have a page of low cost insurance coverage companies in your area. Click to view list.

How you compare quotes is your choice, just do your best to enter identical quote information on every price quote you get. If you are comparing unequal deductibles or liability limits you can’t possibly make an equal comparison.

More affordable rates by earning discounts

Properly insuring your vehicles can get expensive, but companies offer discounts that can drop the cost substantially. Certain credits will be shown at the time you complete a quote, but some may not be applied and must be manually applied prior to receiving the credit.

• Telematics Data – People who choose to allow their auto insurance company to study their driving habits by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they exhibit good driving behavior.
• Active Service Discounts – Being deployed in the military can result in better auto insurance rates.
• Distant Student – Older children who live away from home to go to college and do not have access to a covered vehicle can be insured at a reduced rate.
• Discounts for New Vehicles – Buying a new car instead of a used car can cost up to 25% less since newer vehicles have better safety ratings.
• Clubs and Organizations – Affiliation with certain professional organizations could trigger savings on auto insurance.
• Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up digitally online.
• Theft Deterent System – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and earn discounts up to 10% off your car insurance quote.
• Payment Discounts – By paying your policy upfront rather than paying monthly you could save up to 5%.
• No Claim Discounts – Drivers who stay claim-free get the best auto insurance rates as compared to drivers with a long claim history.
• Switch and Save Discount – Select larger companies give a discount for switching policies prior to your current policy expiring. It could save around 10% when you buy car insurance online.

Discounts save money, but please remember that most discounts do not apply the the whole policy. Most only reduce the cost of specific coverages such as comp or med pay. Even though it appears all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

A few of the larger companies and some of the premium reductions they offer are:

• American Family offers discounts for Steer into Savings, air bags, multi-vehicle, mySafetyValet, good driver, defensive driver, and bundled insurance.
• Farm Bureau offers discounts including driver training, 55 and retired, youthful driver, multi-policy, safe driver, multi-vehicle, and good student.
• State Farm policyholders can earn discounts including driver’s education, anti-theft, Steer Clear safe driver discount, good student, multiple policy, good driver, and defensive driving training.
• Travelers includes discounts for multi-car, save driver, hybrid/electric vehicle, multi-policy, good student, and payment discounts.
• The Hartford may include discounts for anti-theft, bundle, driver training, vehicle fuel type, defensive driver, air bag, and good student.
• Geico may have discounts that include multi-vehicle, anti-lock brakes, emergency military deployment, driver training, five-year accident-free, seat belt use, and daytime running lights.
• Progressive discounts include multi-policy, online signing, good student, homeowner, and online quote discount.

Before you buy a policy, ask all companies you are considering to apply every possible discount. Some discounts might not be offered in your area.

Your car insurance coverage should be tailored to you

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover whether your personal situation might need an agent’s assistance.

• When do I need to add a new car to my policy?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Will my insurance pay for OEM parts?
• Should I bundle my homeowners policy with my auto?
• How do I file an SR-22 for a DUI in my state?
• Can my teen driver be rated on a liability-only vehicle?
• If my 2016 Toyota Prius is totaled, can I afford another vehicle?
• Am I covered if I hit a deer?
• What if I owe more than I can insure my car for?
• Does my insurance cover a custom paint job?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Auto insurance policy specifics

Knowing the specifics of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from auto insurance companies.

UM/UIM Coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Toyota Prius.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Medical costs insurance

Med pay and PIP coverage kick in for expenses for things like nursing services, chiropractic care, ambulance fees and EMT expenses. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Auto liability insurance

Liability insurance can cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

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. You commonly see limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims like court costs, bail bonds, repair bills for other people’s vehicles, loss of income and medical expenses. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Coverage for collisions

Collision coverage will pay to fix damage to your Prius resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as theft, vandalism and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.