Cheap 2007 Toyota Yaris Car Insurance Cost

Having to pay for high-priced insurance can stress out your monthly budget and put the squeeze on your family’s finances. Price shopping at each renewal is free and is an excellent way to reduce premiums and put more money in your pocket.

Due to the large number of different company options, it is very difficult to pick the lowest cost company.

How car insurance companies calculate Toyota Yaris insurance rates

Lots of things are used when you get a price on insurance. Most are fairly basic such as traffic violations, but others are more obscure such as your marital status and annual miles driven.

The itemized list below are some of the most common factors utilized by car insurance companies to help set your premiums.

• Gender as a rate factor – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that females are better drivers. Both sexes are responsible for auto accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.
• Driving citations mean higher rates – Your driving citation history has a lot to do with how much you pay for insurance. Attentive drivers receive lower rates than bad drivers. Even one driving citation may increase your cost to the point where it’s not affordable. Drivers with multiple violations like reckless driving or DUI may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to legally drive a vehicle.
• Eliminate unneeded add-on coverages – Policies have extra coverages that can waste your money on your Yaris policy. Coverage for things like replacement cost coverage, accidental death, and extra life insurance coverage could be just wasting money. These may sound like a good investment when deciding what coverages you need, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
• Prevent insurance coverage lapses – Letting your insurance expire will be a sure-fire way to bump up your insurance coverage costs. And not only will your rates increase, failure to provide proof of insurance will get you a license revocation or jail time.
• Get better rates if married – Having a wife or husband actually saves money on your insurance coverage policy. Marriage means you’re more financially stable and statistics show married drivers tend to have fewer serious accidents.
• Insurance coverage rates and age – Older people are viewed as being more responsible, tend to cause fewer accidents .Beginning drivers have a tendency to be inattentive with other occupants in the car therefore insurance coverage rates are much higher.

Cheap car insurance

Lowering your 2007 Toyota Yaris car insurance rates is surprisingly easy. All you need to do is take time comparing rates to find. It’s super easy and can be done by using one of the methods below.

1. One of the fastest ways consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This easy form prevents you from having to do separate quotes for every company. Completing one form compares rates direct from many companies.
2. A less efficient way to shop for car insurance online is spending the time to visit each company website and fill out a new quote form. For sake of this example, let’s say you want to compare prices for Geico, 21st Century and GMAC. To get rate quotes you would need to spend time going to each site individually and punch in your information repeatedly, which can be really labor intensive.

   To view a list of companies in your area, click here.

How you compare quotes is your choice, just make absolute certain that you use identical coverages for each price quote. If you have different liability limits you will not be able to determine the best price for your Toyota Yaris.

Save 15 percent in 15 minutes? Is it for real?

Consumers can’t escape the ads that promise big savings from companies such as 21st Century, Allstate and State Farm. All the ads make the point that you can save if you change your policy.

How can each company give you a better price? Here is the trick they use.

All companies have strict underwriting profiles for the type of customer that makes them money. One example of a profitable customer might be a married male, has a clean driving record, and the vehicle is rated for pleasure use. Someone who fits those characteristics will get a cheap rate quote and most likely will cut their rates if they switch.

People who don’t measure up to these standards must pay a more expensive rate which leads to the customer not buying. If you pay close attention to the ads, they say “customers that switch” not “all people who quote” save that much when switching. That is how insurance companies can confidently lure you into getting a quote. Because of these techniques, you need to get as many free insurance quotes as possible. It’s just not possible to know which insurance companies will provide you with the cheapest premium rates.

Insurance coverage policy discounts you can’t miss

Some companies don’t always advertise every available discount in a way that’s easy to find, so we researched a few of the more common and the more hidden insurance coverage savings.

• Accident Free – Drivers who stay claim-free have much lower rates in comparison to drivers who are more careless.
• Federal Employees – Active or former government employment could qualify for a slight premium decrease for Yaris coverage depending on your insurance coverage provider.
• Auto/Home Discount – If you can combine your home and auto policy with one insurance company you could earn a discount of up to 20% and get you inexpensive insurance.
• Good Student Discount – Being a good student can save 20 to 25%. Most companies allow this discount up to age 25.
• Drive Less and Save – Keeping the miles down on your Toyota could qualify for substantially lower rates.
• Safety Course Discount – Passing a course teaching defensive driver skills can save you 5% or more depending on where you live.
• Drivers Ed for Students – Require your teen driver to enroll in driver’s education in school.
• Telematics Devices – Drivers who elect to allow driving data collection to scrutinize vehicle usage by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm might get better premium rates as long as the data is positive.
• Save over 55 – If you’re over the age of 55, you can possibly qualify for reduced rates for Yaris coverage.
• Payment Method – By making one initial payment rather than spreading payments over time you could save 5% or more.

It’s important to understand that some of the credits will not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comp or med pay. Even though the math looks like all those discounts means the company will pay you, you aren’t that lucky.

If you would like to see a list of insurers who offer discounts, click here.

Insurance agents can help

When choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For example, these questions may help you determine if you would benefit from professional advice.

• Should I buy additional glass protection?
• Why am I required to get a high-risk car insurance policy?
• What should my uninsured motorist coverage limits be in my state?
• Why do I only qualify for high-risk insurance?
• Can I rent a car in Mexico?
• Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage basics

Having a good grasp of insurance can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages available from insurance companies.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as rolling your car, colliding with another moving vehicle and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive protection – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, a tree branch falling on your vehicle and vandalism. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage – This coverage protects you from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as medical services, repair bills for other people’s vehicles, legal defense fees and medical expenses. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Uninsured or underinsured coverage – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Toyota Yaris.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense coverage – Med pay and PIP coverage reimburse you for bills for EMT expenses, dental work, funeral costs, pain medications and doctor visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

More quotes mean more savings

When getting insurance quotes online, never reduce needed coverages to save money. In many cases, an accident victim reduced liability coverage limits only to regret at claim time that it was a big error on their part. The aim is to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.

We’ve covered a lot of tips how to lower your 2007 Toyota Yaris insurance auto insurance rates. The key thing to remember is the more companies you get premium rates for, the higher your chance of finding inexpensive insurance. You may even find the biggest savings come from some of the smallest insurance companies. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and Geico.

More information

• Auto Insurance FAQ (Farmers Insurance)
• Collision Insurance Coverage (Nationwide)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• How to Avoid Common Accidents (State Farm)