2001 Toyota Sienna Insurance Rates – 6 Discounts for Cheaper Quotes

Trying to find lower insurance coverage rates for your Toyota Sienna? Are you overwhelmed by the wide range of insurance coverage company choices? Many other consumers are too. Drivers have so many companies to choose from that it can be a real challenge to find the best price.

Buying car insurance is not rocket science. If you have car insurance now, you will be able to cut costs considerably using this information. But drivers do need to understand how the larger insurance companies market insurance on the web and apply this information to your search.

Save money by taking advantage of these six discounts

Companies do not list all their discounts very clearly, so we researched both well-publicized as well as the least known discounts you could be receiving.

  • Fewer Miles Equal More Savings – Keeping the miles down on your Toyota could qualify for a substantially lower rate.
  • Memberships – Affiliation with certain professional organizations could qualify you for a break when shopping for auto insurance for Sienna insurance.
  • Multi-policy Discount – When you have multiple policies with the same company you may save approximately 10% to 15%.
  • Sign Online – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.
  • Discount for Good Grades – This discount can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident without raising rates if you are claim-free for a set time period.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way.

A partial list of companies that may have some of the above discounts include:

Double check with every prospective company which discounts they offer. All car insurance discounts may not be available everywhere.

When should I use an insurance agent?

When choosing proper insurance coverage, there isn’t really a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that can aid in determining if you would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • When does my teenage driver need to be added to my policy?
  • Am I covered if I wreck a rental car?
  • Who is covered when they drive my 2001 Toyota Sienna?
  • Am I covered if my car is in a flood?
  • Do I need more liability coverage?
  • Is business property covered if stolen from my car?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Auto insurance coverages 101

Knowing the specifics of your auto insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverages – This coverage covers damage to your Sienna from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a parking meter, crashing into a ditch, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Liability car insurance – Liability insurance protects you from injuries or damage you cause to other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for claims such as court costs, repair bills for other people’s vehicles and loss of income. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP – Med pay and PIP coverage pay for short-term medical expenses like rehabilitation expenses, X-ray expenses and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as 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

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2001 Toyota Sienna.

Since many drivers 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.

Comprehensive coverage – This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as vandalism, hail damage, a broken windshield and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Feed the piggy bank

Consumers leave their current company for any number of reasons including lack of trust in their agent, extreme rates for teen drivers, not issuing a premium refund and delays in paying claims. Whatever your reason, choosing a new insurance company can be easier than you think.

Affordable 2001 Toyota Sienna insurance is available from both online companies and also from your neighborhood agents, so compare prices from both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

When shopping online for insurance, it’s a bad idea to buy poor coverage just to save money. There have been many situations where someone dropped physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

More learning opportunities