How Much Does 1994 Toyota Paseo Insurance Cost?

Expensive auto insurance can empty your bank account, especially in this economy. Comparing price quotes is a smart way to tighten up your finances. Since consumers have many companies and agents to choose from, it is very difficult to locate the lowest cost insurance company.

The most recommended method to compare rate quotes is to know the fact most of the larger companies have advanced systems to compare rate quotes. All you need to do is give the companies some data like your general credit rating, the year, make and model of vehicles, coverage limits, and if your license is active. Your details is instantly submitted to all major companies and they respond with quotes with very little delay.

To check rates for your 1994 Toyota Paseo, click here and enter your coverage details.

Situations that might require an agent

When it comes to choosing the best insurance coverage coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions could help you determine if your insurance needs will benefit from professional help.

  • What discounts do I qualify for?
  • What if I owe more than I can insure my car for?
  • Does my personal policy cover me when driving out-of-state?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I need rental car coverage?
  • Am I covered if my car is in a flood?
  • Do I have coverage if my license is suspended?
  • Why does it cost so much to insure a teen driver?
  • Do I need PIP (personal injury protection) coverage in my state?
  • When do I need to add a new car to my policy?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

Car insurance coverages explained

Having a good grasp of your car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. These are typical coverage types offered by car insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 1994 Toyota Paseo.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like vandalism, hitting a deer and hail damage. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for ambulance fees, nursing services, X-ray expenses and prosthetic devices. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Collision insurance

This coverage covers damage to your Paseo resulting from a collision 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 such as colliding with another moving vehicle, hitting a parking meter and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Liability insurance

This coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as loss of income, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.