Lower Your 1998 Toyota Supra Car Insurance Quotes

Nobody I know looks forward to paying premiums for auto insurance, in particular when it costs too dang much.

Lots of insurance companies contend for your business, and because of this it can be hard to compare car insurance companies to find the absolute best price available.

How car insurance companies determine Toyota Supra insurance costs

Many factors are taken into consideration when pricing auto insurance. Most are fairly basic such as your driving history, but others are less apparent such as your credit history or your financial responsibility.An important part of buying insurance is that you know some of the elements that are used to determine your premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that can earn you lower car insurance prices.

• Are you male or female? – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean women are better drivers. Men and women get in at-fault accidents in similar percentages, but the males cause more damage and cost insurance companies more money. Not only are claims higher, but men get more serious tickets like DWI (DUI) or reckless driving.
• Traffic violations can be expensive – Your driving record influences premium rates substantially. Drivers with clean records pay less for auto insurance as compared to those with violations. Only having one citation can increase the cost of insurance substantially. Drivers who have received multiple tickets such as DWI, reckless driving or hit and run convictions might be required by their state to prove financial responsibility with their state in order to legally drive a vehicle.
• Insure your auto and home with one company – Some insurance companies apply a discount to buyers that purchase more than one policy in the form of a multi-policy discount. Even with this discount, it’s always a smart idea to compare other insurance prices to confirm you are receiving the best rates possible.
• Urban residents pay more – Residing in less populated areas has it’s advantages when it comes to car insurance. Less people means a lower chance of having an accident and lower theft and vandalism rates. People in densly populated areas regularly have more auto accidents and longer commute times. The longer drive time means higher likelihood of an accident.
• Lower car insurance rates with alarm systems – Buying a car with anti-theft technology or alarm system can earn a premium discount. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent your vehicle from being stolen.
• Where do you drive? – The higher the mileage driven in a year’s time the more it will cost to insure it. Almost all companies calculate rates based on their usage. Cars left parked in the garage get more affordable rates than those used for commuting. Ask your agent if your car insurance policy is rated on the correct usage. A policy that improperly rates your Supra is just wasting money.
• Vocation stress can affect prices – Do you have a high-stress occupation? Jobs such as real estate brokersair traffic controllers and emergency personnel generally have higher rates than average because of stressful work requirements and lots of time spent at work. On the flip side, professions such as scientists, athletes and homemakers get better rates on Supra coverage.

The easiest way to get rate comparisons is to take advantage of the fact most insurance companies allow for online access to give you rate quotes. The one thing you need to do is provide the companies a bit of rating information including how old drivers are, if a SR-22 is required, how much you drive, and coverage limits. Those rating factors is instantly submitted to multiple top-rated companies and you receive quotes within a short period of time.

Are you falling for claims of savings?

Respected companies like Allstate, Geico and Progressive constantly bombard you with ads on TV and radio. They all convey the message about savings just by switching your policy. How does every insurance company charge you less for car insurance? This is the way they can do it.

Different companies have specific guidelines for the type of customer that will most likely be profitable. One example of a driver they prefer might be described as over the age of 50, is a homeowner, and has excellent credit. Any driver who meets those qualifications will qualify for the lowest prices and will also save some money.

Insureds who do not meet the requirements will see higher premium rates and this results in the customer buying from someone else. The trick companies use is to say “customers who switch” not “all people who quote” save the amount stated. That’s the way insurance companies can confidently state the savings. This emphasizes why you really need to do a quote comparison often. Because you never know with any certainty which company will give you the biggest savings.

Are you getting every discount?

Car insurance is not cheap nor is it fun to buy but you can get discounts that you may not even be aware of. A few discounts will be applied when you purchase, but lesser-known reductions have to be specifically requested before being credited.

• Resident Student – who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
• Student Driver Training – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.
• Senior Citizens – Seniors can get a discount up to 10% on Supra coverage.
• Good Student – Being a good student may save as much as 25% on a insurance quote. The discount lasts well after school through age 25.
• Service Members Pay Less – Having a family member in the military could trigger a small discount.
• Seat Belts Save more than Lives – Forcing all vehicle occupants to use their safety belts could save 15% off the PIP or medical payment premium.
• Accident Forgiveness – but companies like Allstate and Progressive will let one accident slide before your rates go up with the catch being you have to be claim-free for a particular time prior to the accident.
• Save with a New Car – Putting car insurance coverage on a new car is cheaper since newer vehicles have better safety ratings.
• Low Mileage – Keeping the miles down on your Toyota could be rewarded with lower rates due to less chance of an accident.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount should definitely cut your policy cost.

A list of car insurance companies and some of their more popular discounts are detailed below.

• Farmers Insurance may include discounts for electronic funds transfer, good student, alternative fuel, homeowner, and bundle discounts.
• Esurance has discounts for Pac-12 alumni, emergency road assistance, DriveSense, good driver, anti-theft, and claim free.
• State Farm discounts include safe vehicle, multiple autos, Drive Safe & Save, anti-theft, good driver, and passive restraint.
• Geico policyholders can earn discounts including defensive driver, anti-theft, multi-policy, driver training, and membership and employees.
• Allstate has savings for utility vehicle, resident student, 55 and retired, passive restraint, and teenSMART discount.

When comparing rates, check with each company or agent which credits you are entitled to. Some discounts might not apply in your area. To choose providers with discount rates, click here to view.

When in doubt talk to an agent

When it comes to choosing proper insurance coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs might need an agent’s assistance.

• How high should my uninsured/underinsured coverage be in my state?
• Is my vehicle covered by my employer’s policy when using it for work?
• What can I do if my company denied a claim?
• Can I drive in Mexico and have coverage?
• Is other people’s property covered if stolen from my vehicle?
• Am I covered if I hit my neighbor’s mailbox?
• Is there coverage for injuries to my pets?
• How do I insure my teen driver?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Insurance coverage breakdown

Understanding the coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are typical coverages available from insurance companies.

Collision protection

Collision insurance pays for damage to your Supra caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a ditch, hitting a parking meter, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, rock chips in glass, damage from flooding and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like dental work, surgery and chiropractic care. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

UM/UIM (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 to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Liability

This will cover damage that occurs to a person or their property. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like pain and suffering, funeral expenses, emergency aid, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Quote more, save more

We just covered quite a bit of information on how to shop for 1998 Toyota Supra insurance online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the most savings is with some of the lesser-known companies. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

Affordable 1998 Toyota Supra insurance is definitely available from both online companies as well as from insurance agents, so you need to shop insurance with both to get a complete price analysis. Some companies may not offer online rate quotes and these smaller providers provide coverage only through independent agencies.

Additional detailed information is located in the articles below:

• Learn About Car Insurance (Geico)
• What is Gap Insurance? (Insurance Information Insitute)
• Winter Driving (Insurance Information Insitute)
• Alcohol Impaired Driving FAQ (iihs.org)