Cheaper 2001 Toyota Prius Insurance Rates

Paying for high-priced Toyota Prius insurance can take a big chunk out of your checking account and make it impossible to make ends meet. Comparing price quotes is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

Many insurers vie for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and get the definite lowest cost out there.

If you have car insurance now, you should be able to cut costs considerably using these methods. Choosing the best insurance company for you is not rocket science. But consumers can benefit by having an understanding of the way companies market on the web and apply this information to your search.

How to Compare Auto Insurance Rates

There are several ways of comparing price quotes from auto insurance companies in your area. The quickest method to compare 2001 Toyota Prius insurance prices is to perform an online rate comparison. This can be done in just a few minutes using one of these methods.

  1. 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 easy form eliminates the need for a different quote for each company. One quote request will get you rate comparisons from many national carriers.
  2. A different way to find lower rates requires visiting the website for every company you want to comare and request a quote. For example, let’s say you want rates from Geico, Liberty Mutual and State Farm. To get each rate you have to take the time to go to each site to enter your coverage information, which is why the first method is quicker.

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

  3. The hardest way of getting rate comparisons is to drive around to local insurance agencies. Shopping for auto insurance online eliminates the need for an insurance agent unless you require the trained guidance of a local agent. Drivers can compare the best prices online and get advice from an agent in your area.

However you get your quotes, ensure you are comparing apples-to-apples coverage information with each company. If you use different deductibles then you won’t be able to determine which rate is truly the best. Quoting even small variations in coverage limits may cause a big price difference. And when price shopping your coverage, getting more free quotes helps you find the best offered rates.

Don’t overlook these discounts

Companies that sell car insurance don’t list every discount very clearly, so here is a list some of the best known and the more hidden insurance coverage savings.

  • Paperless Signup – A handful of insurance companies give back up to $50 just for signing your application on their website.
  • Drivers Education – Have your child enroll in driver’s education if offered at their school.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Student in College – Kids in college who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
  • Drive Less and Save – Driving fewer miles can earn better rates on cars that stay parked.

Keep in mind that most credits do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way.

A partial list of companies who might offer these money-saving discounts are:

Double check with all companies you are considering how you can save money. Savings might not apply in your state.

Is my situation unique?

When buying the best insurance coverage coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s needs are different so your insurance should reflect that For example, these questions may help you determine if your situation may require specific advice.

  • Am I covered if I break a side mirror?
  • Should I waive the damage coverage when renting a car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I buy full coverage?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Car insurance coverage basics

Having a good grasp of a car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most car insurance policies.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hitting a deer, damage from a tornado or hurricane and a broken windshield. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2001 Toyota Prius.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability car insurance – This coverage provides protection from damages or injuries you inflict on other people or property. It protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as loss of income, attorney fees, medical services, emergency aid and legal defense fees. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford.

Collision – This coverage pays for damage to your Prius resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb, scraping a guard rail and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for bills such as prosthetic devices, funeral costs, ambulance fees and surgery. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage