2014 Toyota Prius Plug-in Insurance Rates

Finding cheaper insurance for a Toyota Prius Plug-in can be a painful process, but you can follow a few tricks to make it easier. There is a right way and a wrong way to compare auto insurance rates and we’ll show you the absolute fastest way to quote coverages for a new or used Toyota and get the best price possible.

Smart consumers take time to take a look at other company’s rates on a regular basis because rates fluctuate regularly. Even if you think you had the best deal on Prius Plug-in insurance a couple years back there is a good chance you can find better rates now. So just block out anything you think you know about auto insurance because you’re about to learn the fastest and easiest way to save on auto insurance.

If you have insurance now or are shopping for new coverage, you can use these tips to find the best rates and still get good coverage. Finding the lowest cost car insurance can be fairly easy. Consumers just need to learn the most effective way to compare company rates on the web.

Take discounts and save

Companies that sell car insurance do not advertise all available discounts in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit possible, you are throwing money away.

  • Auto/Home Discount – If you insure your home and vehicles with one company you may earn 10% to 20% off each policy.
  • Defensive Driving Course – Successfully completing a defensive driving course can save you 5% or more if you qualify.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident without raising rates if you are claim-free prior to the accident.
  • 55 and Retired – Mature drivers can possibly qualify for a discount up to 10% on Prius Plug-in insurance.
  • Auto/Life Discount – Larger companies have a discount if you purchase auto and life insurance together.
  • E-sign – A handful of insurance companies will discount your bill up to fifty bucks simply for signing over the internet.

Drivers should understand that most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

Insurance companies that possibly offer these benefits include:

Check with each company which discounts they offer. Some discounts might not be offered in your area.

What determines your Toyota Prius Plug-in insurance premium

Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for auto insurance. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with lower auto insurance prices.

  • Older drivers save more – Older drivers are more cautious drivers, file fewer claims and get fewer tickets. Youthful drivers are known to be more careless behind the wheel and because of this, their auto insurance rates are much higher.
  • Pleasure use or commuting – Driving more miles in a year’s time the more you will pay for auto insurance. Most companies price each vehicle’s coverage based on their usage. Cars and trucks used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. If your policy improperly rates your Prius Plug-in can cost quite a bit. Double check that your auto insurance coverage properly reflects the proper vehicle usage, because it can save money.
  • Small claims can cost you – If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Companies provide better rates to people who are claim-free. Car insurance is intended for major claims that would cause financial hardship.
  • Never allow your policy to lapse – Letting your insurance expire is a quick way to pay more for auto insurance. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a steep fine or even jail time.You may have to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Consolidate policies to earn discounts – The majority of insurers will give a discount to customers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount, you may still want to compare rates to confirm you are receiving the best rates possible.

Which policy gives me the best coverage?

When choosing the best car insurance coverage for your vehicles, there really is no perfect coverage plan. Your needs are not the same as everyone else’s.

These are some specific questions may help highlight if you would benefit from an agent’s advice.

  • At what point should I drop full coverage?
  • Am I missing any policy discounts?
  • When should I not file a claim?
  • When do I need to add a new car to my policy?
  • Which companies will insure high-risk drivers?
  • Do I have coverage for damage caused while driving under the influence?
  • Why am I required to buy high-risk coverage?
  • Do I need PIP coverage since I have good health insurance?
  • Does my 2014 Toyota Prius Plug-in qualify for pleasure use?
  • Does my car insurance cover rental cars?

If you can’t answer these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and can help protect your family.

Do drivers who switch really save $385 a year?

Consumers can’t ignore all the ads for cheaper car insurance from the likes of State Farm, GEICO and Progressive. They all make the same claim of big savings if you move your coverage to them.

But how can every company claim to save you money?

All the different companies have a preferred profile for the driver they prefer to insure. A good example of a preferred risk might be profiled as between 30 and 50, insures multiple vehicles, and drives less than 10,000 miles a year. A driver that hits that “sweet spot” gets the lowest rates and as a result will probably save when they switch companies.

Potential insureds who don’t measure up to the “perfect” profile will have to pay higher rates which leads to the customer not buying. The ads state “customers who switch” not “people who quote” save money. That’s why companies can make those claims. Because of the profiling, you need to quote coverage with many companies. It’s impossible to know which company will have the lowest Toyota Prius Plug-in insurance rates.

Coverages available on your insurance policy

Learning about specific coverages of a 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 even agents have difficulty translating policy wording.

Coverage for liability

Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers claims like repair costs for stationary objects, court costs, legal defense fees, medical services and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for prosthetic devices, surgery, rehabilitation expenses, ambulance fees and X-ray expenses. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Toyota Prius Plug-in.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, theft and hitting a bird. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage

Collision insurance will pay to fix damage to your Prius Plug-in resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Have the Midas touch

We covered a lot of information how to get a better price on 2014 Toyota Prius Plug-in insurance. The key thing to remember is the more providers you compare, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with an unexpected company.

Cost effective insurance is possible on the web and also from your neighborhood agents, so compare prices from both to get a complete price analysis. Some insurance companies may not provide online quoting and these smaller companies work with independent agents.

As you go through the steps to switch your coverage, never reduce needed coverages to save money. There have been many situations where someone sacrificed collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at a price you can afford while still protecting your assets.

More tips and info about insurance is located at these sites: