Compare 2016 Toyota Prius v Insurance Quotes

Want the cheapest auto insurance rates for your Toyota Prius v? Are you sick and tired of scraping the payment together to pay auto insurance each month? You are no different than many other consumers. Insurance companies such as State Farm, Geico and Farmers Insurance increase brand awareness with advertising and consumers find it hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

Smart consumers take time to get comparison quotes before your policy renews because insurance prices are adjusted regularly by insurance companies. Even if you think you had the best rates on Prius v coverage a few years ago you will most likely find a better rate quote today. There is a lot of wrong information about auto insurance online, but we’re going to give you a bunch of ideas how to buy auto insurance cheaper.

Save a ton with these insurance coverage discounts

Insurance coverage is not cheap nor is it fun to buy but there could be significant discounts that you may not know about. A few discounts will be applied when you complete an application, but some discounts are required to be requested specifically before you will receive the discount. If you aren’t receiving every discount you qualify for, you are not getting the best rate possible.

  • Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and that can save you a little bit as well.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you could earn a discount of over 10 percent off each policy depending on the company.
  • Safety Course Discount – Successfully completing a course teaching defensive driving skills is a good idea and can lower rates if you qualify.
  • Sign Early and Save – Some companies give discounts for switching companies early. This can save 10% or more.
  • Claim Free – Drivers who don’t have accidents pay much less as opposed to policyholders that have many claims.
  • Home Ownership Discount – Owning a house may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Discount for Good Grades – Being a good student may save you up to 25%. Most companies allow this discount up to age 25.
  • Seat Belt Usage – Requiring all passengers to buckle up could save 15% on the premium charged for medical payments and/or PIP.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.

One last thing about discounts, many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. So when it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any qualifying discounts will definitely reduce your policy premiums.

Companies and their possible discounts are included below.

  • State Farm offers discounts for defensive driving training, good student, anti-theft, accident-free, student away at school, and multiple policy.
  • Farmers Insurance discounts include switch companies, good student, homeowner, business and professional, distant student, mature driver, and teen driver.
  • Geico offers premium reductions for defensive driver, military active duty, multi-policy, five-year accident-free, good student, membership and employees, and anti-lock brakes.
  • American Family offers discounts including bundled insurance, good student, accident-free, TimeAway discount, mySafetyValet, Steer into Savings, and good driver.
  • Nationwide has discounts for multi-policy, family plan, easy pay, Farm Bureau membership, defensive driving, and anti-theft.
  • Progressive has savings for continuous coverage, multi-vehicle, homeowner, good student, online quote discount, and multi-policy.

If you need lower rates, check with each insurance company how many discounts you can get. All car insurance discounts might not be available to policyholders in your area. To locate providers with the best insurance coverage discounts, follow this link.

Lower your insurance rates

Part of the insurance buying process is learning the factors that go into determining the rates you pay for insurance. If you know what influences your rates, this empowers consumers to make smart changes that may result in big savings. Many factors are used in the calculation when premium rates are determined. A few of the factors are predictable like an MVR report, although others are less apparent such as whether you are married and annual miles driven.

  • Less chance of injury means lower prices – Vehicles that have high safety ratings are cheaper to insure. These vehicles reduce injuries and reduced instances of injuries means less money paid by your insurance company and cheaper rates on your policy. If the Toyota Prius v is rated at least four stars on Safercar.gov you are probably receiving a discount.
  • Big city or small town – Having an address in smaller towns and rural areas of the country is a good thing when buying insurance. Fewer drivers on the road corresponds to lower accident rates and lower theft and vandalism rates. Drivers who live in large cities tend to have more aggressive driving styles and longer commutes to work. The longer drive time means a statistically higher chance of an accident.
  • Liability protection safeguards assets – The liability section of your policy will protect you in the event that you are found liable for causing personal injury or damage in an accident. Your liability coverage provides you with a defense in court starting from day one. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.
  • Consolidate policies and save money – Many insurance companies will give a discount to buyers who have multiple policies with them in the form of a multi-policy discount. Even with this discount, you still need to compare other company rates to verify if the discount is saving money. You may still find a better deal by buying insurance from more than one company.
  • Always have insurance – Not having insurance is a big no-no and any future policy may cost more because you let your coverage have a gap. And not only will insurance be more expensive, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.

Insurance can get complicated

When it comes to choosing the right insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions could help you determine if you would benefit from professional advice.

  • Do I need added coverage for expensive stereo equipment?
  • What vehicles should carry emergency assistance coverage?
  • When would I need additional glass coverage?
  • Is upholstery damage covered by car insurance?
  • Should I have combined single limit or split liability limits?
  • Is my custom paint covered by insurance?
  • Do I need higher collision deductibles?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is my babysitter covered when using my vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

The coverage is in the details

Learning about specific coverages of your auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages found on the average auto insurance policy.

Collision insurance

Collision coverage pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as hitting a mailbox, crashing into a building, hitting a parking meter, colliding with a tree and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Coverage for liability

This can cover injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against claims from other people. It does not 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 commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers claims like repair bills for other people’s vehicles, emergency aid, pain and suffering, structural damage and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills like chiropractic care, funeral costs and prosthetic devices. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

This coverage covers 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 coverage pays for claims such as damage from getting keyed, falling objects and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Toyota Prius v.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

One last thing

We covered quite a bit of information on how to compare 2016 Toyota Prius v insurance auto insurance rates online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from an unexpected company. Smaller companies may only write in your state and offer lower premium rates compared to the large companies like Allstate and Progressive.

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There have been many situations where someone sacrificed uninsured motorist or liability limits and found out when filing a claim they didn’t have enough coverage. The goal is to buy a smart amount of coverage for the lowest cost, but do not skimp to save money.

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