Save on 2007 Toyota Prius Insurance Quotes

Trying to find lower insurance coverage rates for your Toyota Prius? Are you overwhelmed by the crazy number of insurance coverage options? You have a lot of company. People have so many choices that it can be a big hassle to find the lowest price.

You should make it a habit to get comparison quotes quite often due to the fact that insurance rates change frequently. Even if you think you had the lowest rates for Prius coverage two years ago you will most likely find a better rate today. There is a lot of bad information regarding insurance coverage on the web, but with this article, you’re going to get the best ways to reduce your insurance coverage bill.

If you currently have a car insurance policy, you should be able to save some money using these techniques. Shopping for the lowest cost insurance coverage coverage is simple if you know the tricks. But vehicle owners do need to understand the way companies price online insurance and apply this information to your search.

Lots of discounts mean lots of savings

Auto insurance companies don’t necessarily list every available discount in a way that’s easy to find, so we break down both well-publicized as well as the least known discounts you could be receiving.

  • No Claims – Drivers who don’t have accidents can earn big discounts as compared to bad drivers.
  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiring. This can save 10% or more.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Safety Course Discount – Completing a defensive driving course could save 5% or more and easily recoup the cost of the course.

It’s important to understand that most credits do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, insurance coverage companies aren’t that generous.

For a list of companies offering insurance coverage discounts, click this link.

Why your Toyota Prius insurance rates may be high

It’s important that you understand the rating factors that go into determining your insurance coverage rates. Understanding what controls the rates you pay empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • An active claims history can cost you – Insurance companies award lower rates to drivers who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Car insurance is designed for the large, substantial claims.
  • Your location affects your rates – Choosing to live in a small town can save you money when buying insurance coverage. City drivers tend to have traffic congestion and much longer commute distances. Less people living in that area means reduced accidents and also fewer theft and vandalism claims.
  • One company can mean more discounts – The majority of companies give discounts to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to shop around to make sure you are getting the best deal.
  • Safe vehicles cost less to insure – Cars with high safety ratings get lower rates. Safe vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your Toyota Prius earned at least four stars on Safercar.gov it is probably cheaper to insure.
  • Allowing your policy to lapse raises rates – Allowing your coverage to lapse will be a sure-fire way to pay more for insurance coverage. Not only will rates go up, but being ticketed for driving with no insurance will get you a license revocation or jail time.You may have to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Save money with special equipment – Driving a car with anti-theft technology or alarm system can get you a discount on your insurance coverage. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your car from being stolen.
  • Being married is a good thing – Having a spouse helps lower the price on insurance coverage. Marriage is viewed as being more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
  • More miles equals more premium – The more you drive every year the more you will pay for insurance coverage. Most companies charge to insure your cars based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Prius can cost quite a bit. Verify your insurance coverage policy is showing the correct driver usage.

Situations that might require an agent

When it comes to buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining whether or not you may require specific advice.

  • Does my insurance cover my expensive audio equipment?
  • Do I pay less for low miles?
  • Am I getting all the discounts available?
  • Where can I find high-risk insurance?
  • Can I rent a car in Mexico?
  • Are my friends covered when driving my 2007 Toyota Prius?
  • How do I insure my teen driver?
  • Am I better off with higher deductibles on my 2007 Toyota Prius?
  • How do I buy GAP insurance?
  • How much can I save by bundling my policies?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, complete this form.

Auto insurance coverage options for a 2007 Toyota Prius

Understanding the coverages of your policy can be of help when determining the best coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as driving through your garage door, damaging your car on a curb, sustaining damage from a pot hole, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as surgery, chiropractic care, doctor visits, X-ray expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

This protects you from damage that occurs to people or other property in an accident. It protects YOU against claims from other people. Liability 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. Your policy might show liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like loss of income, structural damage, attorney fees, court costs and medical expenses. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota Prius.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive auto coverage

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

Comprehensive coverage pays for claims such as falling objects, hitting a deer, theft and hitting a bird. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Shop Smart and Save

In this article, we covered quite a bit of information on how to reduce 2007 Toyota Prius insurance prices online. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the best price on insurance coverage is with a small local company.

Discount insurance can be purchased 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. Some insurance companies do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced uninsured motorist or liability limits only to discover later that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

More detailed insurance coverage information can be found in these articles: