Lower Your 1996 Toyota Tercel Insurance Rates

Looking for better insurance rates for your Toyota Tercel? Expensive insurance can empty your savings account and make it hard to pay other bills. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket.

You have multiple insurance companies to pick from, and even though it’s nice to have a choice, it can be more challenging to compare rates and find the lowest cost insurance.

It’s smart to price shop coverage yearly because insurance rates are adjusted regularly by insurance companies. Just because you had the best rates for Tercel coverage a couple years back a different company probably has better rates today. So forget all the misinformation about insurance because you’re going to get a crash course in one of the best ways to save on insurance.

Buying car insurance is easy if you know what you’re doing. Essentially every driver who buys car insurance will be able to find lower rates. But car owners can benefit by having an understanding of how big insurance companies market insurance on the web and take advantage of how the system works.

Factors determining your Toyota Tercel insurance premium

An important part of buying insurance is that you know the different types of things that help determine the rates you pay for insurance coverage. Having a good understanding of what determines base rates enables informed choices that will entitle you to big savings.

  • Don’t skimp on liability – The liability section of your policy is the protection if a court rules you are at fault for personal injury or accident damage. It provides for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. Safer cars reduce injuries and better occupant protection means less money paid by your insurance company and thus lower rates. If your Toyota Tercel is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Males pay more for insurance – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Both sexes cause accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to receive more costly citations like reckless driving and DUI.
  • Claim-free discounts can add up – If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance companies award lower rates to insureds who do not rely on their insurance for small claims. Your insurance policy is intended for the large, substantial claims.
  • Where do you drive? – Driving more miles in a year’s time the more you will pay for insurance coverage. Almost all companies apply a rate based on their usage. Autos not used for work or commuting get more affordable rates than those used for commuting. Improper usage on your Tercel may be wasting your money. Ask your agent if your insurance coverage coverage shows the proper vehicle usage.
  • Do you work long hours in a high stress job? – Careers like doctors, social workers and financial analysts have higher average rates due to high stress levels and lengthy work days. Conversely, professions such as farmers, engineers and the unemployed get better rates for Tercel coverage.
  • Save money with special equipment – Purchasing a vehicle with an alarm system can get you a discount on your insurance coverage. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.

Cut prices on 1996 Toyota Tercel insurance

Companies do not list every available discount very well, so here is a list both well-publicized and the more hidden insurance coverage savings.

  • Multiple Vehicles – Having multiple vehicles with the same company may reduce the rate for each vehicle.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off your medical payments premium.
  • Senior Discount – Older drivers may receive reduced rates for Tercel coverage.
  • Theft Prevention System – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can get savings of more than 20%.
  • One Accident Forgiven – A handful of insurance companies will allow you to have one accident before raising your premiums if your claims history is clear prior to the accident.
  • Auto/Life Discount – Larger companies have lower rates if you buy life insurance.
  • Resident Student – Children who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky.

A partial list of companies that may offer these discounts include:

Before buying, ask every prospective company which discounts you may be entitled to. Some discounts might not apply in your area.

Tailor your coverage to you

When buying the best auto insurance coverage, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that can help discover whether your personal situation could use an agent’s help.

  • Can I drive in Mexico and have coverage?
  • Can I still get insurance after a DUI?
  • I have health insurance so do I need medical payments coverage?
  • Am I missing any policy discounts?
  • What is high-risk coverage and where do I buy it?
  • Does my policy cover me when driving someone else’s vehicle?
  • Am I covered by my spouse’s policy after a separation?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Information about specific coverages

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverages

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, rock chips in glass, falling objects and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability auto insurance

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

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as court costs, emergency aid, legal defense fees, repair bills for other people’s vehicles and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for expenses for pain medications, doctor visits, dental work, surgery and prosthetic devices. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as rolling your car, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Don’t be a big spender

Discount 1996 Toyota Tercel insurance is attainable both online and with local insurance agents, and you should be comparing both to get a complete price analysis. Some companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

As you shop your coverage around, do not buy less coverage just to save a little money. In too many instances, someone dropped liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

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