2015 Toyota Prius v Car Insurance Quotes

Looking for better insurance coverage rates for your Toyota Prius v? Scraping up a payment for high-priced Toyota Prius v insurance can stress out your funds and maybe even restrict other spending. Doing a price comparison is recommended to make sure you’re not throwing money away.

Popular companies such as State Farm, Allstate, Geico and Progressive all claim big savings with catchy ads and it can be hard to ignore the promise of big savings and find the best price available.

It’s a great practice to compare premium rates at least once a year because rates change quite often. Just because you had the best premium rates for Prius v coverage last year there is a good chance you can find better prices now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the easiest way to lower your rates without sacrificing coverage.

If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Finding affordable coverage is not that difficult. But consumers must know the way insurance companies price online insurance and apply this information to your search.

What determines Toyota Prius v insurance costs?

Many factors are part of the equation when premium rates are determined. Some are pretty understandable like an MVR report, but other criteria are not as apparent such as whether you are married or your vehicle rating.Smart consumers have a good feel for the rating factors that aid in calculating your insurance rates. If you have some idea of what controls the rates you pay, this enables you to make decisions that may reward you with much lower annual insurance costs.

The list below includes some of the items that factor into prices.

• Lower insurance rates with GPS tracking and theft deterrents – Choosing a vehicle that has a built-in theft deterrent system can help lower your premiums. Theft prevention features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft.
• Don’t abuse claims – Auto insurance companies generally give most affordable rates to insureds that do not abuse their auto insurance. If you file claims often, you can expect increased rates or even have your policy non-renewed. Auto insurance is designed for the large, substantial claims.
• Your employer is a factor – Did you know your job can affect your rates? Occupations such as real estate brokerspolice officers and stock brokers generally pay the highest average rates because of job stress and incredibly demanding work hours. On the other hand, jobs like actors, athletes and performers have the lowest average rates for Prius v coverage.
• Multiple policies with one company can save – Many companies provide better rates to buyers that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, you still need to compare other company rates to verify if the discount is saving money.
• Drive fewer miles and save – The higher the mileage driven in a year’s time the more it will cost to insure it. Most insurance companies charge rates based on their usage. Autos that sit idle most of the time receive better premium rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance policy is rated on how each vehicle is driven. Having an incorrect usage rating on your Prius v is just wasting money.
• High premiums for younger drivers – Older people are more cautious drivers, file fewer claims , and are generally more financially stable.Inexperience drivers are known to be inattentive and easily distracted with other occupants in the car so insurance rates are higher.
• Low comp and collision deductibles can be expensive – Comp and collision deductibles represent how much money you are required to pay if you file a covered claim. Physical damage protection, also called comprehensive and collision insurance, insures against damage to your car. Examples of some claims that would be covered would be rearending another vehicle, fire damage, or theft of your vehicle. The more expense you’re willing to pay, the better rate you will receive for Prius v coverage.

Shop insurance online

All the larger insurance companies such as Progressive, Allstate and Geico allow you to get prices directly from their websites. Getting quotes is quite simple as you just type in into the form. Behind the scenes, their rating system automatically retrieves credit information and your driving record and provides a quote determined by many factors. Being able to quote online simplifies rate comparisons, but the time it takes to visit each company’s website and repetitively fill out multiple forms is a waste of time. Unfortunately, it is important to perform this step in order to get the best price on insurance.

A more efficient way to find lower prices uses just one form to obtain quotes from more than one company. The form is fast, eliminates form submissions, and makes online quotes much simpler. After sending the form, your coverage is rated and you can choose any or none of the quotes returned.

If you find a better price you simply finish the application and purchase coverage. The whole process takes just a few minutes to complete and you’ll know if lower rates are available.

If you want to find out if lower rates are available, simply click here to open in new window and input your coverage information. If you have coverage now, it’s recommended you type in the coverages just like they are on your policy. Doing this guarantees you will get comparison quotes using the same coverage and limits.

Be skeptical of car insurance ads

Well-known car insurance companies like Progressive, Allstate and Geico constantly bombard you with television, radio, and online ads. All the ads make the point about savings if you change your car insurance coverage to their company. How is it possible that every company can charge you less for auto insurance? This is the trick they use.

Different companies are able to cherry pick for the type of driver that earns them the highest profit. One example of a desirable insured could be over the age of 45, owns their home, and drives a vehicle with a low ISO rating. Any person who fits those characteristics may get the lowest prices as well as save if they switch.

Potential insureds who are not a match for these standards will probably be forced to pay a more expensive rate which translates to the prospect going elsewhere. Company advertisements say “drivers that switch” not “all people who quote” can save as much as they claim. That’s the way insurance companies can make those claims.

That is why you really should get car insurance quotes as often as possible. It’s just not possible to know which company will have the best rates at this point in time.

Find hidden discounts to get affordable insurance rates

Some insurers don’t always advertise every possible discount in an easy-to-find place, so the list below gives a summary of a few of the more well known as well as the least known ways to save on insurance.

• Driver Training Discounts – Taking a course teaching driver safety skills could cut 5% off your bill and easily recoup the cost of the course.
• Low Mileage – Driving fewer miles could qualify for lower premium rates due to less chance of an accident.
• Claim-Free Discount – Drivers who don’t have accidents can earn big discounts compared to drivers who are more careless.
• Auto/Life Discount – Larger companies have a break if you buy some life insurance in addition to your auto policy.
• Mature Driver Discount – If you’re over the age of 55, you are able to get a discount up to 10% for Prius v coverage.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, nobody gets a free ride.

Some companies that may offer quotes with these benefits may include but are not limited to:

• AAA
• Progressive
• State Farm
• Esurance
• Nationwide

If you need cheaper car insurance quotes, ask each company how many discounts you can get. Some of the discounts discussed earlier might not be offered on policies everywhere.

Tailor your insurance coverage coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there really is no cookie cutter policy. Each situation is unique so this has to be addressed. These are some specific questions might point out whether you might need an agent’s assistance.

• Am I covered when using my vehicle for business?
• How can I get my company to pay me more for my totalled car?
• Do I really need UM/UIM coverage?
• Which companies will insure high-risk drivers?
• Will my insurance pay for OEM parts?
• Am I covered when driving on a suspended license?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverages explained

Having a good grasp of your policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages offered by insurance companies.

Liability

Liability insurance provides protection from damages or injuries you inflict on people or other property in an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things such as funeral expenses, loss of income and bail bonds. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, falling objects and damage from a tornado or hurricane. 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 consider dropping full coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your Prius v resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like damaging your car on a curb, sideswiping another vehicle and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like chiropractic care, rehabilitation expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Toyota Prius v.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Shop Smart and Save

We covered a lot of information how to reduce 2015 Toyota Prius v insurance premium rates online. The most important thing to understand is the more companies you get prices for, the higher your chance of finding cheap car insurance. Consumers may even find the lowest priced insurance coverage comes from some of the lesser-known companies. Smaller companies can often provide lower prices in certain areas than the large multi-state companies such as Progressive or Geico.

There are still a few companies who may not offer online rate quotes and usually these smaller providers only sell coverage through local independent agencies. Lower-priced insurance coverage can be found on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

As you go through the steps to switch your coverage, it’s a bad idea to skimp on coverage in order to save money. In many cases, consumers will sacrifice liability coverage limits and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at the best price while not skimping on critical coverages.

For more information, take a look at the following helpful articles:

• Airbag FAQ (iihs.org)
• State Car Insurance Guides (Geico)
• Side Impact Crash Tests (iihs.org)
• Auto Insurance FAQ (Farmers Insurance)
• Distracted Driving (Insurance Information Insitute)