Searching for cheaper insurance for a new or used Toyota Prius can normally be an all-consuming task, but you can use our insurance buying tips to make it easier.
There is a better way to buy insurance so we’re going to tell you the absolute fastest way to quote coverages for your Toyota and locate the cheapest rates from local insurance agents and online providers.
You should make it a habit to shop coverage around once or twice a year because prices are usually higher with each renewal. Despite the fact that you may have had the lowest rates for Prius insurance two years ago you can probably find a better premium rate now. Ignore everything you know about insurance because it’s time to teach you how to use the internet to save money, get proper coverage and the best rates.
Reducing your 2004 Toyota Prius insurance rates isn’t really that difficult. The only requirement is to take time to compare rate quotes online with multiple companies. Price comparisons can be done by following the guidelines below.
Compare rates however you want, just double check that you are using exactly the same coverage limits and deductibles on every quote. If you have different coverage information it will be nearly impossible to determine the best price for your Toyota Prius.
Auto insurance companies don’t always publicize all available discounts very clearly, so the list below gives a summary of both well-publicized and the more hidden credits available to lower your premiums when you buy car insurance online.
You can save money using discounts, but some of the credits will not apply to the entire policy premium. Some only apply to individual premiums such as liability, collision or medical payments. Even though it appears it’s possible to get free car insurance, companies wouldn’t make money that way.
Large insurance coverage companies and a partial list of their discounts are shown below.
If you want low cost car insurance quotes, ask each company or agent which credits you are entitled to. Discounts might not apply in your state. To view companies who offer cheap insurance coverage quotes, click this link.
When choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is unique.
These are some specific questions may help you determine if your situation would benefit from professional advice.
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and may give you better protection.
Having a good grasp of your policy aids in choosing appropriate coverage and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording.
Medical expense coverage
Medical payments and Personal Injury Protection insurance reimburse you for expenses such as prosthetic devices, X-ray expenses, pain medications and doctor visits. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverage covers damage to your Prius from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things like backing into a parked car, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.
This provides protection from damages or injuries you inflict on people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability insurance covers things like medical expenses, legal defense fees, pain and suffering and bail bonds. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from getting keyed, hitting a deer and theft. The most 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.
Throughout this article, we presented a lot of techniques to lower your 2004 Toyota Prius insurance premium rates. The most important thing to understand is the more companies you get prices for, the higher your chance of finding the cheapest car insurance. You may be surprised to find that the best price on insurance coverage is with a small mutual company.
More affordable insurance coverage can be purchased on the web in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies don’t offer online price quotes and these small insurance companies provide coverage only through local independent agents.
Consumers who switch companies do it for any number of reasons including delays in responding to claim requests, delays in paying claims, unfair underwriting practices and being labeled a high risk driver. No matter why you want to switch, finding a new company can be less work than you think.
More detailed insurance coverage information can be read by following these links: