2012 Toyota Prius Insurance Rates – 9 Ways to Save

Buying the lowest cost car insurance on the internet can be problematic for beginners to price shopping online. With so many choices of online companies, how can you possibly compare them all to find the best available rates?

It’s a good idea to price shop coverage every six months since insurance rates change regularly. Even if you think you had the best deal on Prius coverage a year ago you may be paying too much now. There is a lot of bad information regarding car insurance on the internet, so by reading this article, you’re going to learn a lot of great tips on how to save money.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have car insurance now, you will most likely be able to reduce your rates substantially using these tips. But drivers can benefit from knowing the methods companies use to determine prices and use this information to your advantage.

Don’t miss these nine discounts

Companies offering auto insurance don’t always publicize all available discounts in an easy-to-find place, so we researched some of the best known and also the lesser-known ways to save on insurance.

  • Federal Employees – Active or retired federal employment can earn a discount up to 10% on Prius coverage depending on your company.
  • Discount for New Cars – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Accident Forgiveness – Some insurance companies permit an accident without raising rates if you are claim-free for a certain period of time.
  • Low Mileage – Fewer annual miles on your Toyota can earn better rates on cars that stay parked.
  • Multi-car Discount – Insuring more than one vehicle on one policy could earn a price break for each car.
  • Club Memberships – Being a member of a civic or occupational organization could trigger savings on insurance on Prius coverage.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. This discount can apply up to age 25.
  • 55 and Retired – Mature drivers may qualify for a small decrease in premiums on Prius coverage.
  • Homeowners Pay Less – Owning a house can save you money because maintaining a house demonstrates responsibility.

Keep in mind that some credits don’t apply to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. So when it seems like you could get a free insurance policy, it just doesn’t work that way.

Car insurance companies that may have some of the above discounts include:

Double check with each company how you can save money. Savings might not be offered in your area.

Finding Auto Insurance Deals

Most companies allow you to get prices on their websites. Getting quotes is pretty painless as you just type in your coverage preferences into a form. Once you submit the form, the company’s rating system automatically orders reports for credit and driving violations and returns a price quote based on these and other factors.

Online price quotes helps simplify price comparisons, but the time required to go to many different websites and enter the same data into a form can be a bit tiresome and repetitive. But it’s very important to do this in order to get the best price possible.

A less time-consuming method to find better auto insurance pricing makes use of a single form to obtain quotes from several different companies. The form is fast, reduces the work, and makes online quotes much more efficient. Immediately after submitting the form, it is quoted and you can select any of the pricing results. If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. It just takes a couple of minutes and could lower your rates considerably.

To quickly compare pricing, click here and enter your information. If you have your current policy handy, we recommend you duplicate the coverage information as close as possible to your current policy. This makes sure you will receive comparison quotes for similar insurance coverage.

When might I need help?

When it comes to choosing coverage for your vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether you would benefit from an agent’s advice.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • When should I drop full coverage on my 2012 Toyota Prius?
  • Exactly who is provided coverage by my policy?
  • At what point should I drop full coverage?
  • How can I find cheaper teen driver insurance?
  • How do I file an SR-22 for a DUI in my state?
  • What can I do if my company won’t pay a claim?
  • Is extra glass coverage worth it?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Car insurance policy specifics

Knowing the specifics of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Collision coverage – This coverage will pay to fix damage to your Prius resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Comprehensive coverages – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hitting a deer, damage from getting keyed and hitting a bird. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured and underinsured coverage – This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Prius.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like doctor visits, chiropractic care, dental work, EMT expenses and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Liability insurance – This coverage provides protection from damage that occurs to a person or their property by causing an accident. It protects you from claims by other people. Liability doesn’t 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 values of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like structural damage, medical expenses, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Be a Smart Shopper

The cheapest 2012 Toyota Prius insurance is definitely available online and with local insurance agents, so you should compare both to have the best rate selection. Some companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

We covered some good ideas how you can save on insurance. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. Consumers may even find the best prices are with a small mutual company.

People leave their current company for many reasons like extreme rates for teen drivers, delays in paying claims, delays in responding to claim requests or poor customer service. It doesn’t matter what your reason, choosing a new insurance company is actually quite simple.

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