Want lower insurance coverage rates for your Toyota Prius? Are you a victim of high-priced insurance coverage? Trust us, you are not the only one feeling buyer’s remorse.
There are many insurers to choose from, and although it’s nice to have multiple companies, lots of choices makes it harder to compare company pricing.
Consumers should take time to price shop coverage on a regular basis since rates change quite often. Just because you had the best deal for Prius insurance on your last policy you may be paying too much now. So block out anything you think you know about insurance coverage because it’s time to teach you the fastest way to find better rates and still maintain coverage.
Effectively comparing car insurance prices can take hours if you aren’t aware of the most efficient way. You can spend your afternoon discussing policy coverages with insurance agencies in your area, or you can stay home and use online quotes to get pricing more quickly.
Most major companies participate in a marketplace that enables customers to submit their information once, and at least one company can give them a price based on that data. This system prevents you from having to do form submissions for each company. To compare 2007 Toyota Prius rates using this form now click here to open in new window.
The only downside to using this type of form is you don’t know exactly the insurers to receive prices from. If you wish to select individual companies to request quotes from, we put together a list of low cost car insurance companies in your area. View list of insurance companies.
Which method you use is up to you, but make darn sure you compare identical coverages and limits with every price quote. If the quotes have unequal deductibles or liability limits then you won’t be able to truly determine the lowest rate. Having just a slight variation in coverage limits can make a big difference in price. Just keep in mind that more quotes helps locate the best offered rates.
Car insurance can cost a lot, but you can get discounts that many people don’t even know exist. Some discounts apply automatically when you purchase, but a few need to be inquired about before you will receive the discount.
As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. So despite the fact that it appears you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will cut your premiums.
Insurance companies that may have these money-saving discounts include:
Check with every prospective company which discounts they offer. All car insurance discounts may not be available in every state.
When it comes to choosing the best auto insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. For example, these questions could help you determine whether you could use an agent’s help.
If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.
Learning about specific coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most insurance policies.
Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Toyota Prius.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.
Comprehensive (Other than Collision) – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as damage from getting keyed, a broken windshield and hail damage. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for funeral costs, EMT expenses and chiropractic care. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Auto liability insurance – This can cover damage or injury you incur to other’s property or people. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.
Liability coverage protects against claims like funeral expenses, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.
Collision coverage – Collision insurance pays for damage to your Prius resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as sustaining damage from a pot hole, driving through your garage door, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.