2014 Toyota Prius Plug-in Insurance Quotes

Did you make the mistake of buying an expensive insurance policy? You’re preaching to the choir because many consumers are feeling buyer’s remorse and feel like there’s no way out. Drivers have multiple insurance companies to buy insurance from, and although it’s nice to have a selection, lots of choices makes it harder to locate the cheapest rates.

Choosing the best insurance company for you is quite easy. If you have insurance now or need new coverage, you will benefit by learning to cut your premiums while maintaining coverages. Drivers only need to know the most efficient way to find the lowest price online.

Are you getting every discount?

Car insurance companies don’t always advertise all available discounts in an easy-to-find place, so the list below gives a summary of both well-publicized and the more hidden credits available to you.

• Braking Control Discount – Cars with ABS braking systems or traction control can stop better under adverse conditions so companies give up to a 10% discount.
• Discounts for Good Drivers – Insureds without accidents may save up to 50% more for Prius Plug-in coverage compared to rates paid by drivers with frequent claims.
• Organization Discounts – Participating in certain professional organizations is a good way to get lower rates on insurance coverage.
• Low Mileage Discounts – Maintaining low annual mileage could qualify for lower insurance coveragerates on the low mileage vehicles.
• Student Discount for Driver Training – Require your teen driver to sucessfully take a drivers education course if offered at their school.
• Life Insurance – Larger insurance carriers have lower insurance coveragerates if you buy some life insurance in addition to your auto policy.
• Defensive Driver Discounts – Taking a course in defensive driving could save 5% or more and easily recoup the cost of the course.

A little disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Most only reduce individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

Companies and the discounts they provide are shown below.

• American Family includes discounts for accident-free, good student, air bags, early bird, good driver, and defensive driver.
• Farm Bureau may have discounts that include renewal discount, multi-vehicle, safe driver, good student, multi-policy, and 55 and retired.
• State Farm offers premium reductions for passive restraint, multiple autos, safe vehicle, good driver, driver’s education, student away at school, and multiple policy.
• Travelers offers discounts including continuous insurance, good student, hybrid/electric vehicle, multi-policy, and new car.
• The Hartford may include discounts for defensive driver, driver training, anti-theft, good student, and bundle.
• Geico may offer discounts for defensive driver, membership and employees, multi-policy, military active duty, driver training, anti-lock brakes, and daytime running lights.
• Progressive discounts include online quote discount, multi-vehicle, multi-policy, homeowner, good student, continuous coverage, and online signing.

Before buying, ask all companies you are considering what discounts are available to you. Some discounts may not be offered everywhere. If you would like to see a list of insurers that offer some of these discounts, click this link.

Which insurance coverage is cheapest?

Performing a rate comparison can be a lot of work if you don’t know the best way to get rate quotes. You could spend the better part of a day talking to insurance companies in your area, or you can utilize the internet to accomplish the same thing much quicker.

Many of the larger companies belong to a marketplace where prospective buyers complete one form, and at least one company can give them a price based on the submitted data. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To find out how much you can save on insurance coverage click here (opens in new window).

The one disadvantage to using this type of form is that consumers can’t choose which companies to receive prices from. So if you want to choose specific insurance companies to compare rates, we have a page of low cost insurance coverage companies in your area. Click to view list.

Whichever way you use, be sure you’re using identical coverages and limits with each company. If you have different deductibles it’s not possible to make a fair comparison for your Toyota Prius Plug-in.

When in doubt talk to an agent

When it comes to buying coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For instance, these questions might point out if you would benefit from an agent’s advice.

• What is PIP insurance?
• Can I drive in Mexico and have coverage?
• If my 2014 Toyota Prius Plug-in is totaled, can I afford another vehicle?
• What is covered by UM/UIM coverage?
• How high should my medical payments coverage be?
• Does liability extend to a camper or trailer?
• What is the minimum liability in my state?
• At what point should I drop full coverage?
• What should my uninsured motorist coverage limits be in my state?
• Do I need special endorsements for business use of my vehicle?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Auto insurance coverage specifics

Having a good grasp of your policy helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on most auto insurance policies.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for bills such as doctor visits, hospital visits and chiropractic care. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Liability auto insurance – This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

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. Your policy might show values of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as pain and suffering, medical services, bail bonds, loss of income and repair costs for stationary objects. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like fire damage, theft, hail damage and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverages – This pays for damage to your Prius Plug-in resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like crashing into a ditch, scraping a guard rail, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Be Smart and Buy Smart

You just learned some good ideas how you can save on 2014 Toyota Prius Plug-in insurance. The most important thing to understand is the more rate quotes you have, the better likelihood of getting cheaper car insurance. You may even find the best price on auto insurance is with the least-expected company. These companies may often insure only within specific states and give getter rates than their larger competitors like Progressive or Geico.

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed collision coverage only to regret at claim time that it was a big error on their part. The proper strategy is to purchase plenty of coverage at the lowest possible cost and still be able to protect your assets.

To learn more, take a look at these articles:

• Eight Auto Insurance Myths (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• Choosing a Car for Your Teen (State Farm)
• Red Light Cameras (State Farm)
• Get the Right Protection (InsureUonline.org)
• Prom Night Tips for Teen Drivers (State Farm)