1993 Toyota Tercel Insurance Cost

Nobody enjoys paying for insurance, especially knowing they are paying too much.

Because you have many insurance companies to choose from, it’s nearly impossible to locate the most cost effective provider.

Choosing the best insurance company for you is not that difficult. Just about anyone who shops for car insurance will more than likely be able to cut their insurance bill. But vehicle owners can benefit from knowing how big insurance companies determine prices because it can help you find the best coverage.

Vehicle Insurance Comparison

To find the best insurance prices, there are several ways to compare rate quotes from different insurance companies. The easiest way by far to find the cheapest 1993 Toyota Tercel insurance rates consists of shopping online. This can be accomplished in several different ways.

  1. The easiest and least time consuming way consumers can make multiple comparisons is an all-inclusive rate comparison like this one (opens in new window). This type of form prevents you from having to do separate forms for each company you want a rate for. One form submission will return quotes from several companies.
  2. A more time consuming way to compare rate quotes is to take the time to go to the website of each company to request a price quote. For examples sake, we’ll assume you want to compare rates from Progressive, State Farm and Farmers. To find out each rate you need to spend time on each company’s site to input your insurance information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

  3. The hardest method to get comparison rates is to spend time driving to different agent offices. Shopping for insurance online makes this process obsolete unless you require the trained guidance that only a license agent can provide. However, consumers can obtain prices from the web and get advice from an agent in your area and we’ll touch on that later.

It’s up to you how you get prices quotes, just be sure to compare apples-to-apples deductibles and coverage limits on every quote. If the quotes have unequal deductibles or liability limits it will be impossible to determine which rate is truly the best. Slightly different coverage limits can mean a large discrepancy in price. And when comparison shopping, comparing more company’s prices gives you a better chance of getting the best rates.

Don’t believe everything you hear

Car insurance companies such as Allstate and Progressive consistently run television and radio advertisements. They all seem to make the same claim about savings if you change to their company. How does each company make almost identical claims? It’s all in the numbers.

All companies are able to cherry pick for the driver that earns them a profit. For example, a driver they prefer could possibly be between 30 and 50, is a homeowner, and drives less than 7,500 miles a year. Any driver that hits that “sweet spot” gets the lowest rates and is almost guaranteed to save when they switch companies.

Potential customers who are not a match for these standards will have to pay more money and ends up with the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save money. This is how companies can advertise the savings. Because of the profiling, drivers must compare as many rates as you can. It is impossible to predict which company will give you the biggest savings on Toyota Tercel insurance.

Pay less for 1993 Toyota Tercel insurance

Car insurance companies don’t necessarily list every available discount in a way that’s easy to find, so we researched some of the best known and the more hidden discounts you could be receiving.

  • Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiring. It can save you around 10%.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Safety Course Discount – Taking a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class if offered at their school.
  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less for Tercel coverage than their less cautious counterparts.
  • Accident Free – Drivers who don’t have accidents pay less as compared to drivers who are more careless.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

For a list of insurers with discount insurance coverage rates, click this link.

Tailor your coverage to you

When it comes to choosing coverage, there isn’t really a cookie cutter policy. Each situation is unique so your insurance needs to address that. For instance, these questions might help in determining whether you might need an agent’s assistance.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Why am I required to buy high-risk coverage?
  • What are the best liability limits?
  • What vehicles should carry emergency assistance coverage?
  • Is there coverage for injuries to my pets?
  • What can I do if my company denied a claim?
  • Is my babysitter covered when using my vehicle?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Detailed coverages of your car insurance policy

Having a good grasp 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. These are typical coverage types found on most car insurance policies.

Comprehensive insurance

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, vandalism, hitting a deer and damage from getting keyed. The highest amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for collisions

Collision coverage covers damage to your Tercel from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like sustaining damage from a pot hole, rolling your car, hitting a parking meter and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like funeral costs, dental work, rehabilitation expenses, surgery and nursing services. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance provides protection from damage or injury you incur to people or other property by causing an accident. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like loss of income, court costs, pain and suffering and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Toyota Tercel.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Save for a rainy day

Cost effective 1993 Toyota Tercel insurance is attainable from both online companies and also from your neighborhood agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

When buying insurance coverage, do not skimp on coverage in order to save money. In too many instances, someone sacrificed full coverage only to discover later that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find for the lowest price.

Additional information