Cheap 2012 Scion xD Insurance Rates

Want lower auto insurance rates for your Scion xD? Did you fall for a flashy sales pitch and buy overpriced auto insurance? Believe me when I say you are not the only one feeling buyer’s remorse.

Many insurance companies vie for your hard-earned dollar, and because of this it can be hard to compare car insurance companies to find the lowest rate

What determines your Scion xD insurance premium

Consumers need to have an understanding of some of the elements that play a part in calculating the rates you pay for insurance. Having a good understanding of what determines base rates helps enable you to make changes that could result in big savings.

Shown below are a few of the “ingredients” that factor into premiums.

  • Women pay lower rates – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Men and women have accidents at a similar rate, but the male of the species cause more damage. Men also tend to receive more costly citations such as DWI and reckless driving. Teenage male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Adjust deductibles and save – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Scion. A few examples of covered claims would be colliding with a building, vandalism, and burglary. Physical damage deductibles are how much you are required to spend out-of-pocket before a claim is paid by your company. The more you have to pay, the bigger discount you will receive on xD coverage.
  • Do you need those extra coverages? – There are many additional coverages that can waste your money on your insurance policy. Insurance for rental car reimbursement, accident forgiveness and additional equipment coverage may be costing you every month. They may seem like a good idea when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Lower miles equals lower premium – Driving more miles in a year’s time the higher your rate. Almost all companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage get more affordable rates than vehicles that are driven to work every day. Make sure your insurance coverage is showing the proper vehicle usage. If your policy improperly rates your xD can result in significantly higher rates.
  • Higher safety ratings means cheaper insurance – Safer cars can get you lower premiums. The safest vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company and thus lower rates. If the Scion xD 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 may be receiving lower rates.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.

Comprehensive Insurance Coverage Comparison

There are several ways to compare Scion xD insurance coverage quotes, but some are less time-consuming than others. You can waste hours talking about coverages with insurance agencies in your area, or you could use the internet to get rates in a matter of minutes.

All the larger companies participate in a marketplace where prospective buyers complete one form, and each company can provide price quotes based on that data. This saves time by eliminating quote forms for each company.

To find out what other companies charge for 2012 Scion xD insurance click here (opens in new window).

The one disadvantage to doing it this way is that you can’t choose which insurance companies you will receive quotes from. If you would rather choose specific providers for rate comparison, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

It’s up to you which method you use, but be sure to compare exactly the same coverage information for each comparison quote. If you enter different deductibles it’s impossible to determine which rate is truly the best. Slightly different coverage limits may result in a large different in cost. And when price shopping your coverage, more quotes will enable you to find better pricing.

Do you really save 40% when you switch?

Geico, State Farm and Progressive regularly use ads on television and other media. All the companies make an identical promise of big savings if you move to them. How do they all say the same thing?

All companies have a certain “appetite” for the type of driver that makes them money. For example, a profitable customer could possibly be a mature driver, insures multiple vehicles, and drives less than 10,000 miles a year. Any driver that hits that “sweet spot” receives the best rates and is almost guaranteed to save when switching.

Potential insureds who don’t meet the requirements must pay a higher premium which usually ends up with the customer not buying. The ads state “customers who switch” not “people who quote” save that kind of money. That’s why insurance companies can confidently advertise the savings.

This illustrates why you need to get quotes from several different companies. It’s impossible to know the company that will have the lowest Scion xD insurance rates.

These discounts can slash insurance coverage rates

Properly insuring your vehicles can get expensive, but there could be available discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be manually applied prior to receiving the credit.

  • Memberships – Belonging to certain professional organizations is a good way to get lower rates when buying insurance coverage on xD coverage.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you could get a discount of approximately 10% to 15%.
  • Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Low Mileage Discounts – Keeping the miles down on your Scion can qualify you for lower rates on the low mileage vehicles.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy online.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class in high school.
  • Homeowners Discount – Being a homeowner may earn you a small savings because maintaining a house is proof that your finances are in order.

It’s important to note that most of the big mark downs will not be given the the whole policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, insurance coverage companies aren’t that generous. But all discounts will bring down your overall premium however.

For a list of insurance companies with discount insurance coverage rates, click here.

When might I need the advice of an agent?

When it comes to buying coverage for your personal vehicles, there isn’t really a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight if your situation might need professional guidance.

  • Is a fancy paint job covered?
  • Do I need PIP coverage since I have good health insurance?
  • Should I buy full coverage?
  • How much liability coverage do I need in my state?
  • Will my insurance pay for OEM parts?
  • Is my Scion xD covered if I use it for business?
  • Is upholstery damage covered by car insurance?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance coverage specifics

Having a good grasp of your insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Medical costs insurance

Coverage for medical payments and/or PIP pay for expenses for surgery, dental work, EMT expenses and X-ray expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, damage from flooding, rock chips in glass and falling objects. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for collisions

Collision coverage covers damage to your xD resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with another moving vehicle, scraping a guard rail, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers 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 a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Auto liability

This provides protection from damage or injury you incur to people or other property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like medical expenses, legal defense fees, attorney fees, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Cheaper insurance is a realistic goal

As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. In many instances, consumers will sacrifice liability limits or collision coverage only to discover later that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at the best price, not the least amount of coverage.

We just covered a lot of techniques to compare 2012 Scion xD insurance prices online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest premiums are with some of the lesser-known companies. Regional companies often have lower prices on specific markets than the large multi-state companies such as Allstate, Geico and Progressive.

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