2006 Toyota Prius Insurance Rates

Searching for better insurance rates for your Toyota Prius? Expensive insurance can sap your monthly budget and force you to cut corners elsewhere. Comparing rates annually is a great way to slash your bill and have more diposable income.

Due to the increasing number of different company options, it’s difficult to find the right insurance provider.

It’s a good idea to check insurance prices yearly because insurance prices tend to go up over time. Even if you got the best price on Prius coverage a couple years back you can probably find a better rate quote now. Ignore everything you know about insurance because you’re going to learn the tricks you need to know to reduce your cost while increasing coverage.

The purpose of this article is to help educate you on the best way to quote coverages and some tips to save money. If you currently have car insurance, you will be able to reduce your rates substantially using this information. Drivers just need to understand how to compare prices online.

Affordable auto insurance rates with discounts

Auto insurance is not inexpensive, but there’s a good chance there are discounts to cut the cost considerably. Most are applied at the time of purchase, but less common discounts must be inquired about before they will apply.

• One Accident Forgiven – Not necessarily a discount, but a few companies such as State Farm, Progressive and Geico permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
• Defensive Driver – Passing a course in defensive driving is a good idea and can lower rates and make you a better driver.
• Drivers Ed for Students – Have your child successfully complete driver’s ed class as it can save substantially.
• Senior Citizen Rates – Older drivers are able to get a small decrease in premiums on Prius coverage.
• Early Switch Discount – A few auto insurance companies allow discounts for buying a policy prior to the expiration date on your current policy. This can save 10% or more.
• Use Seat Belts – Requiring all passengers to buckle their seat belts could cut 10% or more off the PIP or medical payment premium.
• Memberships – Joining certain professional organizations could qualify you for a break on auto insurance.
• Driving Data Discount – People who choose to allow data collection to monitor driving habits by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they have good driving habits.

Policy discounts save money, but most discount credits are not given to the entire cost. Most cut individual premiums such as medical payments or collision. Despite the appearance that all those discounts means the company will pay you, you aren’t that lucky. But all discounts will positively reduce your auto insurance premiums.

Insurance companies that may offer quotes with some of the discounts shown above are:

• State Farm
• American Family
• Geico
• 21st Century
• Progressive

When quoting, ask each company or agent which credits you are entitled to. Savings might not apply in your area. To locate insurers with the best discounts, click here.

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Compare insurance quotes

Cutting your insurance rates isn’t really that difficult. The only thing you need to do is invest a little time comparing price quotes to see which company has the cheapest auto insurance quotes. This can easily be done in just a few minutes using one of these methods.

If you are pressed for time, the simplest way to compare a lot of rates at once is an all-inclusive rate comparison click to view form in new window. This quick form prevents you from having to do repetitive form submissions for each price estimate. In just a few minutes this one form gets you coverage quotes from multiple low-cost companies.

A harder way to find lower rates requires a trip to the website for each individual company and fill out their own quote form. For instance, let’s say you want rates from Liberty Mutual, Farmers and Progressive. To get rate quotes you would need to take the time to go to each site and punch in your information repeatedly, which can get rather old. For a list of links to companies insuring cars in your area, click here.

Compare rates however you want, just do your best to use the same coverage data for every quote you compare. If you have different deductibles it will be nearly impossible to make an equal comparison.

Tailor your auto insurance coverage to you

When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different so this has to be addressed. For instance, these questions may help highlight if your insurance needs would benefit from professional advice.

• When can my company non-renew my policy?
• Why is insurance for a teen driver so high?
• What is the minimum liability in my state?
• What if I owe more than I can insure my car for?
• Am I covered when driving someone else’s vehicle?
• Which companies will insure high-risk drivers?

If you don’t know the answers to these questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and can help protect your family.

Insurance coverages 101

Understanding the coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from insurance companies.

Comprehensive or Other Than Collision – This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, damage from a tornado or hurricane and fire damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance – This protects you from damage that occurs to a person or their property by causing an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as pain and suffering, medical expenses, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for bills for things like dental work, pain medications and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2006 Toyota Prius.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Collision coverage – Collision coverage covers damage to your Prius from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, rolling your car, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

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Power to the consumer

We just presented some good ideas how to reduce 2006 Toyota Prius insurance prices online. The key thing to remember is the more times you quote, the better chance you’ll have of finding cheaper auto insurance. You may be surprised to find that the best price on auto insurance is with a small local company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or Geico.

Cost effective 2006 Toyota Prius insurance is definitely available both online and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide the ability to get a quote online and usually these smaller providers work with local independent agencies.

To read more, feel free to visit the articles below:

• Understanding Car Crashes Video (iihs.org)
• What is Full Coverage? (Allstate)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)

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