Lower Your 2014 Scion FR-S Insurance Cost

Looking for cheaper auto insurance rates for your Scion FR-S? No one in their right mind looks forward to paying for auto insurance, particularly when the price is too high. Consumers have many auto insurance companies to buy insurance from, and although it’s a good thing to be able to choose, too many choices makes it more difficult to adequately compare rates.

Save big with these discounts

Auto insurance companies don’t always publicize all their discounts in an easy-to-find place, so we researched both well-publicized and the harder-to-find car insurance savings. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Fewer Miles Equal More Savings – Driving fewer miles can earn a substantially lower rate.
  • Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up over the internet.
  • Drivers Education – Have your child take driver’s ed class in school.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Own a Home – Owning a house can save you money because owning a home requires personal responsibility.
  • Senior Discount – Mature drivers can possibly qualify for a discount up to 10% for FR-S coverage.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less for FR-S coverage than their less cautious counterparts.
  • Accident Free – Drivers with accident-free driving histories can save substantially compared to frequent claim filers.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save 10% or more off the personal injury premium cost.
  • Bundle and Save – When you have multiple policies with the same insurance company you will save approximately 10% to 15%.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

Car insurance companies that possibly offer these benefits include:

It’s a good idea to ask each company what discounts are available to you. Some discounts might not apply everywhere.

But I don’t know anything about car insurance

When buying adequate coverage for your vehicles, there really is no cookie cutter policy. Each situation is unique so your insurance should reflect that These are some specific questions might point out whether or not you may require specific advice.

  • What is an SR-22 filing?
  • Where can I find DUI or SR-22 insurance?
  • How much liability do I need to cover my assets?
  • Does my car insurance cover rental cars?
  • Does my insurance cover my expensive audio equipment?
  • Do I have coverage if my license is suspended?
  • Is business equipment covered while in my vehicle?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Insurance coverage basics

Having a good grasp of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are typical coverage types found on most insurance policies.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for expenses such as pain medications, X-ray expenses and surgery. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage – This will pay to fix damage to your FR-S resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Comprehensive protection – This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from getting keyed, fire damage and damage from flooding. The most a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability auto insurance – Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. It protects YOU from legal claims by others, 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. You might see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against claims like attorney fees, court costs, bail bonds and medical services. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

A penny saved is a penny earned

Lower-priced 2014 Scion FR-S insurance can be bought online and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection. Some insurance companies may not provide online quoting and these small, regional companies work with independent agents.

When buying insurance coverage, don’t be tempted to reduce needed coverages to save money. There are too many instances where someone dropped physical damage coverage only to regret at claim time that the savings was not a smart move. Your aim should be to get the best coverage possible at the best price while still protecting your assets.

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