Compare 2003 Toyota Avalon Car Insurance Cost

Paying for high-priced Toyota Avalon insurance can take a big chunk out of your savings account, especially in this economy. Comparing price quotes is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income. There are many car insurance companies to buy insurance from, and although it’s a good thing to have a choice, so many choices can make it hard to adequately compare rates.

How to reduce Toyota Avalon insurance rates

Insuring your fleet can be pricey, but you may find discounts to reduce the price significantly. Certain discounts will be triggered automatically when you complete an application, but less common discounts must be manually applied in order for you to get them. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The good student discount can last until age 25.
  • Multi-policy Discount – When you have multiple policies with the same company you may save approximately 10% to 15%.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
  • No Claims – Claim-free drivers can earn big discounts when compared to frequent claim filers.
  • Lower Rates for Military – Being on active duty in the military could be rewarded with lower premiums.
  • Memberships – Participating in a civic or occupational organization is a good way to get lower rates when shopping for insurance coverage for Avalon insurance.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Avalon insurance than less cautious drivers.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • No Charge for an Accident – A few companies will forgive one accident before raising your premiums if your claims history is clear prior to the accident.
  • Paperless Signup – A handful of insurance companies give back up to $50 for buying a policy and signing up on their website.

Keep in mind that most credits do not apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will help reduce your premiums.

To see a list of insurers offering insurance coverage discounts, click here to view.

Factors that can influence insurance rates for a Toyota Avalon

Smart consumers have a good feel for some of the elements that help determine insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that may reward you with better insurance rates.

The following are a few of the “ingredients” used by your company to calculate rates.

  • Too many insurance claims drive up costs – Insurance companies generally give better rates to people who are claim-free. If you tend to file frequent claims, you can look forward to higher rates. Auto insurance is designed for major claims that would cause financial hardship.
  • Women pay lower rates – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. They both cause accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations such as DWI and reckless driving.
  • Your occupation can affect rates – Occupations like doctors, social workers and stock brokers tend to pay the highest rates in part from high stress levels and lengthy work days. On the other hand, occupations like farmers, students and the unemployed have the lowest average rates for Avalon insurance.
  • Marriage pays dividends – Being married helps lower the price when buying insurance. Having a significant other translates into being more mature than a single person and it’s proven that being married results in fewer claims.
  • Do you qualify for a multi-policy discount? – The majority of insurers will give a discount to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even though this discount sounds good, you may still want to comparison shop to make sure you are getting the best deal.
  • Increase deductibles and save – Deductibles for physical damage define the amount you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered are running into the backend of another car, collision with an animal, and rolling your vehicle. The more expense the insured has to pay upfront, the less your insurance will be for Avalon insurance.
  • Add-on coverages can add up – There are many extra coverages that you can buy if you aren’t careful. Insurance for roadside assistance, towing coverage and additional equipment coverage may be costing you every month. They may seem good initially, but now you might not need them so eliminate the coverages to reduce your premium.

Tailor your coverage to you

When choosing coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect that For example, these questions might point out whether or not you may require specific advice.

  • What is no-fault insurance?
  • Does my liability insurance cover pulling a trailer or camper?
  • What exactly is covered by my policy?
  • Should I waive the damage coverage when renting a car?
  • Does car insurance cover theft of personal property?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need to file an SR-22 for a DUI in my state?
  • What happens if I owe more than my 2003 Toyota Avalon is worth?
  • Am I covered if I hit my neighbor’s mailbox?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Insurance ads bend the truth

Consumers can’t get away from ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all have a common claim that you can save if you switch your policy.

But how can every company make the same claim? It’s all in the numbers.

All the different companies can use profiling for the type of customer that earns them a profit. For example, a driver they prefer might be profiled as a mature driver, owns a home, and drives newer vehicles. A driver who matches those parameters will get the preferred rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t meet the requirements will have to pay higher premiums which usually ends up with business not being written. Company advertisements say “drivers who switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently state the savings.

Because of the profiling, drivers must compare many company’s rates. It’s impossible to know which insurance company will provide you with the cheapest Toyota Avalon insurance rates.

Educate yourself about car insurance coverages

Learning about specific coverages of your car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages available from car insurance companies.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for doctor visits, dental work and hospital visits. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive protection – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, a broken windshield, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability coverage – This protects you from injuries or damage you cause to people or other property. It protects YOU from legal claims by others, and does not provide coverage for 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 might see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as court costs, legal defense fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Collision – Collision coverage will pay to fix damage to your Avalon resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, backing into a parked car, rolling your car, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – This coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2003 Toyota Avalon.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these limits are set the same as your liablity limits.

A penny saved is a penny earned

You just read a lot of tips how to get a better price on 2003 Toyota Avalon insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even discover the best price on insurance coverage is with a small mutual company. These companies may often insure only within specific states and give getter rates than their larger competitors like Geico and State Farm.

Budget-conscious insurance is available online and with local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers do not offer you the ability to get quotes online and these small, regional companies work with independent agents.

When you buy insurance online, it’s a bad idea to sacrifice coverage to reduce premiums. Too many times, drivers have reduced comprehensive coverage or liability limits only to regret that it was a big mistake. The ultimate goal is to get the best coverage possible at an affordable rate, not the least amount of coverage.

For more information, take a look at these articles: