Lower Your 2016 Toyota Prius v Insurance Rates

Trying to find better auto insurance rates for your Toyota Prius v? Being forced to pay for expensive auto insurance premiums can bleed your bank account and require stricter spending habits. Doing a rate analysis is a smart way to tighten up your finances.

You have multiple insurers to choose from, and though it is a good thing to be able to choose, having more insurance companies makes it harder to locate the cheapest rates.

Find discounts to get cheap insurance quotes

Companies offering auto insurance do not list every discount very well, so we break down some of the more common as well as some of the hidden credits available to lower your premiums when you buy insurance coverage online.

  • Distant Student Discount – Kids who live away from home to go to college and do not have a car may qualify for this discount.
  • Renewal Discounts – Select larger companies give a discount for buying a policy before your current expiration date. You may see this discount when you get insurance coverage quotes online.
  • Driver’s Education for Students – Teen drivers should sucessfully take a drivers education course as it will make them better drivers and lower rates.
  • Data Collection Discounts – People who choose to allow their insurance company to analyze driving habits by using a small device installed in their vehicle like Allstate’s Drivewise may get a rate reduction if they have good driving habits.
  • Theft Deterent – Cars and trucks with anti-theft systems can help prevent theft and will qualify for a discount on a insurance coverage quote.
  • Air Bags and Passive Restraints – Factory air bags may earn rate discounts of more than 20%.
  • Responsible Drivers – Insureds without accidents may save up to 50% more on Prius v insurance compared to accident prone drivers.
  • Smart Student Discounts – Getting good grades may save as much as 25% on a insurance coverage quote. The discount lasts up until you turn 25.
  • Driver Safety – Participating in a course teaching safe driver skills may get you a small discount and make you a better driver.
  • Bundled Policy Discount – If you combine your homeowners and auto policies with the same company you may save as much as 10 to 15 percent.

We need to note that some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, it’s just not the way it works. But all discounts will definitely reduce the amount you pay for coverage.

To locate providers with discount insurance rates, click here to view.

The fastest way that we advise to compare insurance rates from multiple companies is to realize almost all companies allow for online access to provide you with free rate quotes. All consumers are required to do is give the companies some data such as how your vehicles are used, if it has an anti-theft system, your credit rating estimate, and your occupation. That information is submitted instantly to multiple top-rated companies and you should receive rate quotes with very little delay.

To find lower rates now, click here and complete the quick form.

Quote Toyota Prius v insurance for less

Many factors are taken into consideration when pricing auto insurance. Some are pretty understandable like a motor vehicle report, although others are not as apparent such as your credit history or your vehicle rating.

Shown below are a partial list of the pieces auto insurance companies consider when setting your rates.

  • Policy add-ons add up – There are a lot of add-on coverages that you can get tricked into buying if you aren’t diligent. Coverage for things like replacement cost coverage, towing, and Farm Bureau memberships are some examples. They may seem good when talking to your agent, but if you don’t need them consider taking them off your policy.
  • Marriage pays dividends – Having a significant other may cut your premiums on your policy. Having a significant other means you’re more mature than a single person and statistics prove drivers who are married file infrequent claims.
  • Poor driving habits means higher prices – Having a clean driving record has a huge affect on how much you pay. Attentive drivers receive lower rates as compared to those with violations. Even a single moving violation can increase the cost of insurance by as much as twenty percent. Drivers unfortunate enough to have severe violations like DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state in order to prevent their license from being revoked.
  • Bump up physical damage deductibles to lower rates – The deductibles you choose are the amount of money you are required to pay in the event of a claim. Physical damage insurance, also called ‘full coverage’, is used to repair damage to your car. Some examples of covered claims would be colliding with a stationary object, vandalism, and having a roll-over accident. The more you’re willing to pay, the bigger discount you will receive on Prius v insurance.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage for your personal vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions could help you determine if your insurance needs might need an agent’s assistance.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • I have health insurance so do I need medical payments coverage?
  • Is business property covered if stolen from my car?
  • Are my friends covered when driving my car?
  • What is medical payments coverage?
  • Do I need more liability coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Why am I required to get a high-risk car insurance policy?
  • What if I total my 2016 Toyota Prius v and owe more than it’s worth?
  • What is roadside assistance coverage?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Slick advertising tricks that work

Drivers can’t ignore all the ads that promise big savings from companies such as GEICO, State Farm and Progressive. All the ads make the point that people will save just by switching your policy.

How does every company give you a better price? It’s all in the numbers.

Companies can use profiling for the type of customer that will generate a profit. One example of a profitable insured could possibly be over the age of 45, has never had a policy lapse, and has excellent credit. Any person that meets those criteria will probably get the lowest prices and as a result will probably save money with a new company.

Insureds who fall short of this stringent profile will have to pay more expensive rates and this results in the prospect going elsewhere. The ads say “customers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how companies can advertise the way they do. That is why you should compare as many free insurance coverage quotes as you can. It’s just too difficult to predict which insurance companies will have the lowest premium rates for your situation.

Auto insurance coverage information

Learning about specific coverages of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages offered by car insurance companies.

Collision protection

Collision coverage pays for damage to your Prius v resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as hitting a parking meter, crashing into a building, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like surgery, funeral costs and nursing services. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability insurance

This provides protection from damages or injuries you inflict on a person or their property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims such as emergency aid, medical expenses and bail bonds. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

UM/UIM Coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability 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 or Other Than Collision

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, hitting a deer, falling objects and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Be Smart and Buy Smart

As you shop your coverage around, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped physical damage coverage only to regret they didn’t have enough coverage. Your goal is to buy a smart amount of coverage for the lowest cost and still be able to protect your assets.

Some insurance providers don’t offer rate quotes online and most of the time these smaller providers provide coverage only through independent insurance agencies. Cheaper auto insurance can be sourced online and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates.

You just read many tips how you can shop for 2016 Toyota Prius v insurance online. The key thing to remember is the more price quotes you have, the better likelihood of getting inexpensive insurance coverage. You may be surprised to find that the best price on auto insurance is with an unexpected company. Some small companies often have lower premium rates on specific markets than their larger competitors like State Farm, GEICO and Nationwide.

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Comments About 2016 Toyota Prius v Insurance

  1. Julieann Rocha

    I live north of Montgomery, AL. Went online for free insurance quotes for a 2016 Toyota Prius v. Ended up at about $150 savings annually. Went with Allstate. Was with The General. Not sure if rates are cheaper online or through an agent.

  2. Laurena Leblanc

    Thought I’d throw in my experience. Found cheapest coverage with Auto-Owners for my 2016 Toyota Prius v and saved about $150 a year. Thankfully I’m not a high risk driver. Wish I didn’t have to insure at all.

  3. Marg Chapman

    Will Progressive do a SR22 in Omaha, Nebraska?

  4. Rikki Mcpherson

    Great info, thanks for posting. I live in Eugene, OR. I quoted with GMAC, American Family, Mercury, and a couple others for my Toyota and saved $301 a year.

  5. Theresa Norman

    For me, 21st Century was by far the cheapest in Fairbanks, AK.

  6. Carlyn Odonnell

    Lifelong resident of Wilmington, DE. Quoted rates from Safeco, Eastwood, GEICO, and AAA for my 2016 Toyota Prius v and I think I am saving around $40 each month. Even increased coverage a bit. Hardly afford to drive anymore.

  7. Andrew Duran

    Does GEICO offer new car replacement?

  8. Lonnie Mcdowell

    In Boston, MA, State Farm is a good choice. God forbid I actually have a claim.

  9. Gertude Mccoy

    Not sure if this is cheap. From west side of Henderson, NV. Received quotes with GEICO, Hanover, and Encompass for my Prius v and saved $134 a year. Insured with Hanover before. Bought it from an online quote.

  10. Sharyl Jensen

    Anyone find cheap rates around Newark, NJ?