How Much Does 2014 Toyota Prius Insurance Cost?

Looking for lower auto insurance rates for your Toyota Prius? Feel like you’re a prisoner to overpriced auto insurance? Trust us, there are many people just like you.

You have multiple insurers to purchase coverage from, and even though it’s nice to have a choice, too many choices makes it more difficult to find the lowest cost provider.

You should take the time to take a look at other company’s rates on a regular basis due to the fact that insurance rates are variable and change quite frequently. Despite the fact that you may have had the best deal for Prius insurance a year ago the chances are good that you can find a lower rate today. There is a lot of bad advice regarding auto insurance on the internet, so I’m going to show you some proven techniques to quit paying high auto insurance rates.

The purpose of this article is to familiarize you with the most effective way to quote insurance. If you currently have car insurance, you will be able to reduce your rates substantially using these techniques. Although car owners must know the way companies price insurance differently because it can help you find the best coverage.

How to Lower Your Insurance Cost

There are several ways you can shop for Toyota Prius insurance but one way is less time-consuming than others. You can waste hours discussing policy coverages with insurance agencies in your area, or you can utilize online quoting to get rates in a matter of minutes.

Most car insurance companies belong to a marketplace where prospective buyers enter their coverage request one time, and each participating company provides a quote. This saves time by eliminating repetitive form submissions to each company.

To access this free quoting program, click here (opens in new window).

The single downside to using this type of system is you are unable to specify which carriers you will receive quotes from. If you prefer to choose specific providers to compare, we have assembled a list of insurance companies in your area. View list of insurance companies.

Whichever method you choose, double check that you are using exactly the same quote information on every quote. If you are comparing different values for each quote it’s impossible to determine which rate is truly the best. Slightly different insurance coverages can result in a big premium difference. Just remember that more quotes gives you a better chance of getting the best price.

More discounts equal less premium

Insurance can be prohibitively expensive, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied when you get a quote, but a few must be manually applied prior to getting the savings.

  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Accident Forgiveness – Some insurance companies permit an accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Senior Discount – Older drivers may receive a discount up to 10% for Prius insurance.
  • Club Memberships – Being a member of a qualifying organization could trigger savings when shopping for auto insurance for Prius insurance.
  • Anti-theft Discount – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Paperwork-free – Some insurance companies give back up to $50 just for signing your application over the internet.
  • Air Bag Discount – Cars that have air bags or automatic seat belts can receive discounts of up to 25% or more.
  • Safety Course Discount – Taking a driver safety course can save you 5% or more if you qualify.
  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy may reduce the rate for each vehicle.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, companies don’t profit that way. But any discount will reduce the amount you have to pay.

Insurance companies who might offer some of the above discounts are:

Before buying, ask all companies you are considering which discounts they offer. Discounts might not apply in every state.

It’s not one size fits all

When it comes to choosing the best insurance coverage coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions might help in determining whether or not you would benefit from professional advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is my 2014 Toyota Prius covered for flood damage?
  • Why do I need rental car insurance?
  • Should I buy only the required minimum liability coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Insurance specifics

Learning about specific coverages of your policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages found on the average insurance policy.

Collision coverage protection

This will pay to fix damage to your Prius resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like sustaining damage from a pot hole, rolling your car, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses for things like pain medications, dental work, EMT expenses and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Auto liability

Liability coverage will cover damage or injury you incur to other people or property in an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

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 policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like structural damage, funeral expenses, court costs, attorney fees and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, fire damage, hail damage and theft. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Quote more. Save more.

Discount 2014 Toyota Prius insurance can be found from both online companies as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies don’t offer online quoting and most of the time these small, regional companies sell through independent agents.

We covered many ways to save on insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a smaller regional carrier. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm and Allstate.

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