Want the cheapest auto insurance rates for your Toyota Prius? Trying to find the cheapest insurance for a Toyota Prius could be a painful process, but you can learn a few tricks to make it easier. There are both good and bad ways to find auto insurance online and you need to know the best way to price shop coverage for a new or used Toyota and get the lowest price either online or from local insurance agents.
Smart consumers take time to check auto insurance prices occasionally since insurance prices trend upward over time. Even if you think you had the best deal on Prius coverage at your last renewal you can probably find a better rate quote now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the things you must know in order to eliminate unnecessary coverages and save money.
Comparing insurance coverage rates can be challenging if you don’t know the best way to get rate quotes. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you could use online quotes to maximize your effort.
Most of the larger companies enroll in a system that allows shoppers to complete one form, and every company returns a competitive quote based on that data. This eliminates the need for repetitive form submissions for each company you want a rate for.
To participate in this free quote system, click to open in new window.
One minor caviat to getting quotes like this is that consumers can’t choose the companies you want to price. If you prefer to choose individual companies to compare, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.
You can use whichever method you prefer to find lower rates, just compare identical deductibles and coverage limits for each price quote. If you enter mixed coverages it will be impossible to make an equal comparison.
Insuring your vehicles can cost a lot, but you may find discounts that you may not even know about. Many of these discounts will be applied automatically at the time of quoting, but once in a while a discount must be inquired about before being credited. If you’re not getting every credit available, you’re just leaving money on the table.
As a footnote on discounts, most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like comp or med pay. Even though it appears all the discounts add up to a free policy, insurance coverage companies aren’t that generous.
Insurance companies that may offer policyholders these money-saving discounts possibly include:
Check with each insurance company which discounts you may be entitled to. Discounts may not be available in your state. If you would like to see a list of companies with the best insurance coverage discounts, click this link.
When choosing coverage, there is no perfect coverage plan. Every situation is different.
Here are some questions about coverages that could help you determine if you might need professional guidance.
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.
Knowing the specifics of auto insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement.
Protection from uninsured/underinsured drivers – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims 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. This is the reason having UM/UIM coverage is very important.
Comprehensive (Other than Collision) – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things like rock chips in glass, damage from getting keyed, damage from flooding and hitting a deer. The highest amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Liability auto insurance – This coverage provides protection from damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.
Liability coverage pays for things such as court costs, loss of income, medical services and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.
Collision coverages – Collision coverage pays for damage to your Prius resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as colliding with a tree, rolling your car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.
Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for expenses for things like prosthetic devices, surgery, ambulance fees, X-ray expenses and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to 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