Pay Less for Toyota Prius Insurance in Five Minutes or Less

Having to pay for overpriced Toyota Prius insurance can dwindle your checking account and force you to make sacrifices. Doing a price comparison is a great way to lower your monthly bill. Many insurance companies vie for your insurance dollar, and because of this it can be hard to compare insurers to find the absolute best price available.

If you have insurance now or are just looking to switch companies, you can use this information to reduce the price you pay while maximizing coverage. Buying car insurance is not rocket science. Consumers only need an understanding of the best way to compare company rates over the internet.

How to Compare Car Insurance Quotes

Getting a lower price on Toyota Prius insurance can be quick and easy. All that’s required is to spend a little time to get quotes provided by online insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  • The first (and easiest) way consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This method saves time by eliminating multiple quote forms for every car insurance company. Just one form will get you rate comparisons from several companies.
  • Another way to compare rate quotes is to manually visit the website of each company to complete their respective quote request forms. For examples sake, we’ll assume you want rates from Liberty Mutual, Esurance and Progressive. To find out each rate you need to visit each site and enter your information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just double check that you are using identical coverage information on every quote you get. If your comparisons have higher or lower deductibles it’s impossible to determine the best price for your Toyota Prius.

Lower rates by qualifying for discounts

Companies that sell car insurance don’t always publicize all available discounts in an easy-to-find place, so the following is a list of both the well known as well as the least known discounts you could be receiving. If they aren’t giving you every credit you deserve, you are throwing money away.Auto insurance in

  • No Charge for an Accident – A few companies permit an accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Clubs and Organizations – Affiliation with certain professional organizations may earn a discount when shopping for car insurance for Prius coverage.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Good Student Discount – This discount can get you a discount of up to 25%. The good student discount can last up to age 25.
  • Anti-theft System – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Senior Discount – If you’re over the age of 55, you may receive a discount up to 10% for Prius coverage.
  • Air Bag Discount – Cars that have air bags or automatic seat belts can get savings of more than 20%.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for Prius coverage than less cautious drivers.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of approximately 10% to 15%.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same car insurance policy may reduce the rate for each vehicle.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most only cut the cost of specific coverages such as comp or med pay. So when it seems like adding up those discounts means a free policy, companies don’t profit that way.

Your Toyota Prius insurance rate is a complex equation

Smart consumers have a good feel for the different types of things that come into play when calculating the rates you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get lower car insurance prices.

  • How your age affects price – Older drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel. Young drivers are known to be careless and easily distracted behind the wheel and because of this, their car insurance rates are much higher.
  • Cautious drivers pay less – Careful drivers have lower premiums than people who have multiple driving citations. Even one moving violation can boost insurance rates twenty percent or more. Drivers who get severe violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Your car insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for car insurance? Occupations like doctors, executives and financial analysts tend to have higher average rates attributed to job stress and lengthy work days. Conversely, occupations like pilots, engineers and performers receive lower rates for Prius coverage.
  • Better crash test results mean better rates – Cars with high safety ratings get lower rates. Safer cars reduce injuries and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Toyota Prius has ratings of a minimum four stars on it may be receiving lower rates.
  • Better credit means lower rates – A driver’s credit history is a important factor in determining your rates. If your credit rating is not that good, you could potentially save money when insuring your Toyota Prius by spending a little time repairing your credit. Drivers who have high credit scores tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Bump up deductibles to save – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Toyota from damage. Some examples of claims that would be covered are colliding with a building, vandalism, and burglary. Physical damage deductibles are the amount of money you are willing to pay in the event of a claim. The more expense the insured has to pay upfront, the bigger discount you will receive for Prius coverage.

The fine print in car insurance ads

Drivers can’t get away from ads for cheaper car insurance by Progressive, Allstate and GEICO. All the companies make an identical promise of big savings if you change to their company.

How does each company say the same thing? It’s all in the numbers.

Different companies have a preferred profile for the type of customer that earns them a profit. A good example of a profitable customer could be between the ages of 40 and 55, a clean driving record, and drives newer vehicles. A propective insured who meets those qualifications is entitled to the best price and most likely will pay quite a bit less when switching companies.

Toyota Prius insurance rates

Consumers who don’t qualify for these standards will be charged higher premiums and ends up with the customer not buying. The ad wording is “customers that switch” not “everybody who quotes” save that much money. That is how companies can truthfully make the claims of big savings. That is why it’s extremely important to quote coverage with many companies. You cannot predict which car insurance company will give you the biggest savings.

More quotes mean more savings

Discount Toyota Prius insurance can be purchased on the web and with local insurance agents, and you need to comparison shop both to get a complete price analysis. Some car insurance companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

We just covered a lot of ways to get a better price on Toyota Prius insurance. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the best prices are with a small mutual company. They can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.