View 2005 Toyota Prius Insurance Rates

Looking for the cheapest insurance rates for your Toyota Prius? Price shopping your Driversinsurance could be hard for drivers who are new to buying insurance online. With such a large number of companies, it can turn into a difficult mission to find more affordable insurance rates.

How to lower your car insurance cost

Performing a rate comparison can be a lot of work if you don’t utilize the most efficient way to do it. You could spend your day discussing policy coverages with insurance companies in your area, or you could use online quotes to accomplish the same thing much quicker.

All the larger companies are enrolled in a marketplace where prospective buyers only type in their quote data once, and each company can provide price quotes for coverage. This saves time by eliminating repetitive form submissions for each company. To find out how much you can save on car insurance click here (opens in new window).

The only downside to getting quotes like this is you are unable to specify which providers to get pricing from. So if you want to choose individual companies to compare rates, we have assembled a list of low cost car insurance companies in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but be certain you are entering apples-to-apples coverage limits and deductibles for each price quote. If you are comparing different deductibles it’s impossible to make a fair comparison for your Toyota Prius. Having just a slight variation in insurance coverages may result in a large different in cost. And when quoting car insurance, remember that more quotes will increase your chances of finding the best offered rates. Some regional insurers cannot provide prices over the internet, so you need to compare price estimates from the smaller companies as well.

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Cheaper rates with these discounts

Companies that sell car insurance don’t always publicize every disount available very well, so the next list breaks down both the well known as well as some of the hidden credits available to you. If you don’t get every credit available, you could be paying more than you need to.

• Anti-theft System – Cars, trucks, and SUVs with anti-theft systems are stolen less frequently and can earn a small discount on your policy.
• Good Driver Discount – Drivers without accidents may save up to 50% more on Prius coverage compared to accident prone drivers.
• Online Discount – Some of the larger companies give back up to $50 just for signing your application on their website.
• Employee of Federal Government – Active or retired federal employment could qualify for a slight premium decrease on Prius coverage with some insurance companies.
• Homeowners Discount – Owning a home can get you a discount due to the fact that maintaining a home requires a higher level of personal finance.
• Early Signing – Some insurance companies give discounts for switching policies prior to your current policy expiring. This can save 10% or more.
• New Car Discount – Insuring a vehicle that is new can cost up to 25% less since new model year vehicles are generally safer.
• Accident Waiver – This one is not really a discount per se, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage if you have no claims prior to being involved in the accident.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you can get free auto insurance, you won’t be that lucky.

Car insurance companies that may offer quotes with many of the previously listed discounts include:

• State Farm
• Geico
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

Before buying, ask each insurance company which discounts can lower your rates. Some of the earlier mentioned discounts might not be available to policyholders in your area.

How your Prius insurance prices are determined

Smart consumers have a good feel for the factors that play a part in calculating the rates you pay for insurance coverage. If you have a feel for what determines base rates, this helps enable you to make changes that could help you find better insurance coverage rates.

• Being married is a bonus – Having a significant other actually saves money when shopping for insurance coverage. Having a significant other may mean you are more financially stable and it’s statistically proven that drivers who are married are more cautious.
• Your liability protection limits – A critical coverage on your policy, liability insurance kicks in in the event that you are determined to be liable for personal injury or accident damage. It provides legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to physical damage coverage, so do not skimp.
• Policy add-ons could be costing you – There are a ton of extra add-on coverages that you can get tricked into buying if you aren’t diligent. Insurance for rental car coverage, accidental death, and membership fees may be costing you every month. They may seem like a good idea when deciding what coverages you need, but if you don’t need them get rid of them and save.
• Bundle home and auto and save – Some insurers provide better rates to customers that purchase more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, it’s in your best interest to comparison shop to verify if the discount is saving money. You may still save even more than the discount by buying insurance from more than one company.
• How do annual miles impact costs? – Driving more miles every year the more it will cost to insure it. Almost all companies charge rates based on their usage. Cars and trucks not used for work or commuting qualify for better rates compared to those used for work or business. Verify your vehicle rating states how each vehicle is driven. An improperly rated Prius can cost quite a bit.

Insurance can be complex

When it comes to choosing adequate coverage, there really is not a perfect coverage plan. Every situation is different.

Here are some questions about coverages that can help discover whether or not you might need an agent’s assistance.

• How high should my uninsured/underinsured coverage be in my state?
• Where can I find high-risk insurance?
• Can I make deliveries for my home business?
• Am I covered when driving a rental car?
• Is motorclub coverage worth it?
• Should I buy only the required minimum liability coverage?
• Am I missing any policy discounts?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

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Insurance coverage buyers beware

Big name companies like Progressive, Geico, Allstate and State Farm regularly use television and radio advertisements. All the companies say the same thing about savings if you get a free insurance coverage quote and switch to them. It sounds good, but how can they all say the same thing? This is the trick they use.

Different companies have strict underwriting profiles for the type of driver that is profitable for them. One example of a driver they prefer might be between the ages of 30 and 50, has a clear driving record, and drives a safe vehicle. Any driver that hits that “sweet spot” will get very good car insurance rates and therefore will save money with a new company.

Insureds who do not meet the ideal profile may be required to pay higher rates which leads to the prospect going elsewhere. The ads say “customers who switch” but not “everyone who gets a quote” save that much money. That is how insurance companies can confidently advertise the way they do.

Because each company has a different risk profile, drivers should get a wide range of price quotes. Because without a comparison, you cannot know with any certainty which company will fit your personal profile best.

Detailed coverages of your auto insurance policy

Having a good grasp of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive coverages

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like damage from getting keyed, hitting a bird and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Prius.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on a person or their property in an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as pain and suffering, emergency aid and attorney fees. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

Collision coverage protection

This coverage will pay to fix damage to your Prius 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 coverage protects against things like sideswiping another vehicle, rolling your car, crashing into a ditch, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Coverage for medical payments

Med pay and PIP coverage provide coverage for expenses for things like dental work, chiropractic care, X-ray expenses, surgery and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Quote more, save more

When getting insurance coverage quotes online, you should never skimp on coverage in order to save money. There have been many cases where someone sacrificed liability limits or collision coverage and learned later that it was a big error on their part. The goal is to purchase a proper amount of coverage at the best price while still protecting your assets.

Drivers switch companies for a number of reasons such as high rates after DUI convictions, policy non-renewal, being labeled a high risk driver or even unfair underwriting practices. Whatever your reason, finding a new company can be easier than you think.

In this article, we presented a lot of ways to save on 2005 Toyota Prius insurance. It’s most important to understand that the more quotes you get, the better your comparison will be. You may be surprised to find that the lowest priced insurance comes from some of the lesser-known companies.

Even more information is located in the articles below:

• Rollover Crash FAQ (iihs.org)
• Safety Features for Your New Car (State Farm)
• What is Gap Insurance? (Insurance Information Insitute)
• Alcohol Impaired Driving FAQ (iihs.org)
• Learn About Car Insurance (Geico)

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