2014 Toyota Prius v Insurance Rates

Trying to find cheaper car insurance rates for your Toyota Prius v? Searching for cheaper insurance for a Toyota Prius v can normally be an all-consuming task, but you can learn our car insurance buying tips to make it easier. There are both good and bad ways to shop for car insurance so we’re going to tell you the proper way to quote coverages for your Toyota and obtain the lowest possible price either online or from local insurance agents.

Smart consumers take time to compare rates once or twice a year because insurance rates trend upward over time. Just because you found the lowest rates on Prius v coverage a few years ago you will most likely find a better rate today. There is a lot of wrong information about car insurance online but I’m going to show you some great ways to find cheap car insurance.

If you have a policy now or are looking for a new policy, you can use these tips to reduce the price you pay while maximizing coverage. Shopping for affordable auto insurance is not that difficult. Vehicle owners just need to know the tricks to find the lowest price on the web.

How to Get Car Insurance Comparison Quotes

Comparing car insurance rates can take hours if you don’t utilize the most efficient way. You can spend countless hours driving to local insurance agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many of the larger companies participate in a marketplace that enables customers to submit one quote, and each company then returns a price quote for coverage. This system prevents you from having to do form submissions for each company.

To compare pricing click here to open in new window.

The only drawback to pricing coverage this way is you cannot specify which companies to get quotes from. So if you want to select from a list of companies to compare prices, we put together a list of low cost car insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but compare apples-to-apples coverage information with every price quote. If your comparisons have differing limits it’s impossible to find the best deal for your Toyota Prius v.

Do you qualify for discounts?

Companies that sell car insurance don’t always list all their discounts very clearly, so here is a list both the well known and also the lesser-known ways to save on car insurance. If you’re not getting every credit available, you’re just leaving money on the table.

  • Save over 55 – If you’re over the age of 55, you may qualify for reduced rates on Prius v coverage.
  • Accident Free – Drivers who don’t have accidents pay less as compared to drivers who are more careless.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on Prius v coverage than less cautious drivers.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can get savings of 20% or more.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you will save approximately 10% to 15%.
  • Low Mileage Discounts – Driving fewer miles could qualify for lower rates on the low mileage vehicles.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break when shopping for car insurance on Prius v coverage.
  • Resident Student – Kids in college who live away from home and don’t have a car may qualify for this discount.

It’s important to note that most credits do not apply the the whole policy. Most only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way.

A partial list of companies that possibly offer these discounts are:

It’s a good idea to ask each company what discounts are available to you. Discounts may not apply in your state.

Toyota Prius v rates influenced by many factors

Consumers need to have an understanding of the different types of things that play a part in calculating the rates you pay for auto insurance. When you know what positively or negatively determines base rates enables informed choices that may reward you with better auto insurance rates.

  • Careful drivers pay lower rates – Just one moving violation can increase rates by as much as thirty percent. Good drivers receive lower rates than bad drivers. Drivers who have serious citations like DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • High crash test scores lower rates – Cars with high safety ratings tend to have better insurance rates. Safe vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders. If your Toyota Prius v scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Keep rates low by being claim-free – If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Companies provide cheaper rates to policyholders who are claim-free. Your insurance policy is intended for major claims that would cause financial hardship.
  • Your occupation can affect rates – Did you know your job can affect your rates? Occupations like lawyers, business owners and stock brokers tend to pay the highest rates in part from job stress and lengthy work days. On the other hand, jobs such as pilots, students and performers have the lowest average rates on Prius v coverage.
  • Don’t skimp on liability – Liability coverage will protect you if a jury decides you are liable for damages from an accident. It will provide for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.

Don’t assume everyone needs the same coverage

When it comes to choosing coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different.

For example, these questions might help in determining if your insurance needs would benefit from professional advice.

  • Am I covered if hit by an uninsured driver?
  • What if I don’t agree with a claim settlement offer?
  • Does my personal policy cover me when driving out-of-state?
  • When would I need rental car insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is motorclub coverage worth it?
  • Does my policy pay for OEM or aftermarket parts?
  • Should I waive the damage coverage when renting a car?
  • Is my dog or cat covered if injured in an accident?
  • Can my teen drive my company car?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It’s fast, free and may give you better protection.

Coverage specifics

Understanding the coverages of car insurance helps when choosing the right coverages for your vehicles. Car insurance terms can be confusing and even agents have difficulty translating policy wording.

Liability car insurance

Liability insurance can cover damage that occurs to people or other property by causing an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against things like medical expenses, court costs and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills for things like funeral costs, surgery and ambulance fees. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

UM/UIM Coverage

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision

This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, a broken windshield, damage from flooding and damage from getting keyed. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

This covers damage to your Prius v from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like crashing into a building, driving through your garage door and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Compare but don’t skimp

Budget-conscious 2014 Toyota Prius v insurance can be sourced online in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

Drivers leave their current company for a number of reasons such as not issuing a premium refund, being labeled a high risk driver, high rates after DUI convictions and questionable increases in premium. No matter why you want to switch, switching auto insurance companies can be pretty painless.

You just read some good ideas how you can get a better price on insurance. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a small local company.

More tips and info about auto insurance is available at these sites: