2013 Scion iQ Car Insurance Quotes – 9 Ways to Save

Searching for the cheapest insurance coverage rates for your Scion iQ? Comparison shopping for low cost Driversinsurance coverage can be quite difficult for people not familiar with comparison shopping online. You have so many companies to choose from that it can easily turn into a big hassle to find the perfect company for you.

More affordable rates with these nine discounts

Some companies don’t necessarily list every discount very clearly, so the following is a list of some of the best known as well as the least known credits available to bring down your rates.

• ABS Brakes – Vehicles that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
• Memberships – Joining a civic or occupational organization is a simple method to lower premiums when shopping for insurance coverage.
• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better prices if you take out life insurance from them.
• Theft Deterent – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
• Waiver for an Accident – Not really a discount, but a handful of insurance companies permit an accident without getting socked with a rate hike if your claims history is clear for a particular time prior to the accident.
• Active Military Service – Being deployed with a military unit may qualify for rate reductions.
• Bundle and Save – If you have multiple policies and insure them both with the same insurance company you will save up to 20% off your total premium.
• Federal Government Employee – Active or retired federal employment could qualify for a slight premium decrease for iQ coverage depending on your insurance coverage provider.
• Resident Student – who are enrolled in a college that is more than 100 miles from home and do not have a car can be insured at a reduced rate.

Discounts lower rates, but most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like you could get a free insurance coverage policy, it’s just not the way it works.

A list of insurance coverage companies and their offered discounts are included below.

• State Farm offers discounts for defensive driving training, Drive Safe & Save, safe vehicle, student away at school, Steer Clear safe driver discount, and passive restraint.
• Progressive offers discounts including multi-policy, online signing, homeowner, multi-vehicle, and online quote discount.
• Progressive discounts include multi-policy, multi-vehicle, online quote discount, continuous coverage, homeowner, and online signing.
• MetLife has discounts for accident-free, multi-policy, claim-free, good student, good driver, and defensive driver.
• Farm Bureau includes discounts for renewal discount, multi-policy, multi-vehicle, youthful driver, 55 and retired, safe driver, and good student.
• Geico offers premium reductions for five-year accident-free, anti-theft, defensive driver, air bags, membership and employees, and driver training.
• SAFECO may have discounts that include teen safe driver, accident prevention training, bundle discounts, homeowner, and safe driver.

Before purchasing a policy, check with each company or agent how many discounts you can get. Some credits may not apply to policyholders in your area. To view insurance coverage companies with the best insurance coverage discounts, follow this link.

Car insurance can be complex

When it comes to buying the right insurance coverage for your vehicles, there is no cookie cutter policy. Every insured’s situation is different.

These are some specific questions may help you determine whether you would benefit from professional advice.

• Does my liability insurance cover pulling a trailer or camper?
• Are my friends covered when driving my car?
• Should I bundle my homeowners policy with my auto?
• Can I afford to pay high deductible claims out of pocket?
• When can my company non-renew my policy?
• What can I do if my company won’t pay a claim?
• Is a blown tire covered by insurance?
• Should I buy only the required minimum liability coverage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form.

Why you might not save $422 a year

Popular insurance providers such as State Farm and Allstate continually stream ads in print and on television. They all convey the message about saving some big amount after switching your insurance policy to them. Is it even possible that every company can have lower policy pricing? It’s all in the words they use.

Insurance companies have specific characteristics for the driver that earns them a profit. For example, a profitable risk profile might be described as over the age of 40, has had continuous coverage, and drives less than 7,500 miles a year. Someone that meets those criteria will get a cheap rate quote and most likely will save a lot if they switch.

Consumers who do not fit these standards must pay a higher rate and this results in the customer buying from a different company. If you pay attention, the ads say “people who switch” not “everyone that quotes” save that much when switching. That is how companies can advertise the savings. Because each company has a different risk profile, it’s extremely important to compare price quotes frequently. You cannot predict which insurance company will provide the lowest prices.

Car insurance policy specifics

Learning about specific coverages of a car insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Collision coverage – This pays for damage to your iQ caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a building, hitting a mailbox, hitting a parking meter, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like theft, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Scion iQ.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability coverages – Liability coverage can cover damage that occurs to other people or property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers claims like legal defense fees, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like chiropractic care, X-ray expenses, doctor visits and ambulance fees. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

More choices the merrier

When searching for the cheapest insurance coverage quotes, do not skimp on critical coverages to save a buck or two. There are too many instances where someone dropped liability limits or collision coverage only to find out that they should have had better coverage. Your strategy should be to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.

We covered many tips how you can lower your 2013 Scion iQ insurance prices. The key thing to remember is the more you quote insurance coverage, the more likely it is that you will get a better rate. Drivers may discover the lowest prices are with the smaller companies.

There are still a few companies who do not offer the ability to get a quote online and these regional insurance providers provide coverage only through local independent agents. Affordable 2013 Scion iQ insurance can be purchased both online as well as from insurance agents, and you should compare price quotes from both to have the best chance of lowering rates.

More information is located at these links:

• Teen Driving Statistics (iihs.org)
• Auto Insurance Learning Center (State Farm)
• Safety Belts FAQ (iihs.org)
• Booster Seat Ratings (iihs.org)
• Liability Insurance Coverage (Nationwide)