2006 Scion xB Car Insurance Cost

Searching for the cheapest car insurance rates for your Scion xB? Sick and tired of scraping the payment together to pay your car insurance bill each month? You’re in the same situation as the majority of other car owners.

Insurance companies such as Allstate, Progressive and Geico constantly bombard you with ad campaigns and it can be hard to ignore the promise of big savings and find the best price available.

If you currently have a car insurance policy, you will be able to cut costs considerably using these techniques. Choosing the best insurance company for you is easy if you know what you’re doing. Nevertheless, vehicle owners can benefit from knowing the methods companies use to sell insurance online and take advantage of how the system works.

Scion xB insurance rates have many determining factors

An important part of buying insurance is that you know the different types of things that play a part in calculating your auto insurance rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with better auto insurance rates.

Shown below are some of the factors used by your company to calculate rates.

  • What are your deductibles? – The deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, vandalism, and rolling your vehicle. The more expense you are required to pay out-of-pocket, the less your auto insurance will be on xB coverage.
  • Protect your assets with liability insurance – Liability coverage will protect you if ever you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • Do you need those extra coverages? – There are a ton of extra coverages that you can buy if you aren’t careful. Coverages like roadside assistance, towing coverage and additional equipment coverage are some examples. These coverages may sound good when you first buy your policy, but now you might not need them so get rid of them and save.
  • Do you have a high stress job? – Careers like doctors, social workers and dentists are shown to have the highest average rates because of job stress and lengthy work days. Other occupations like farmers, historians and retirees pay the least on xB coverage.
  • Older drivers pay less – Teen drivers are statistically proven to be more careless behind the wheel so they pay higher auto insurance rates. If you’ve ever had to add a teenage driver onto a policy can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Men are more aggressive – Statistics show that women are safer drivers than men. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations like DUI and reckless driving.

Discounts to lower Scion xB insurance rates

Properly insuring your vehicles can get expensive, but you may find discounts that can drop the cost substantially. A few discounts will automatically apply at quote time, but a few must be requested specifically in order for you to get them.

  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance coverage policy qualifies for this discount.
  • Discount for New Cars – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • Sign Online – A few companies will discount your bill up to fifty bucks simply for signing on their website.
  • Own a Home – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Auto/Life Discount – Some companies give a break if you buy life insurance from them.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
  • Accident Waiver – Certain companies will allow you to have one accident before your rates go up if you are claim-free for a set time period.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off your medical payments premium.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, insurance coverage companies aren’t that generous. Any amount of discount will cut the cost of coverage.

A partial list of companies who might offer these benefits include:

Before buying, ask each company how you can save money. Discounts may not apply in your area.

The fine print in insurance ads

Insurance companies such as Progressive, Allstate and Geico continually stream ads on TV and radio. They all seem to make an identical promise of big savings after switching to their company. How can each company say the same thing?

All the different companies are able to cherry pick for the driver that makes them money. A good example of a preferred risk might be a mature driver, is a homeowner, and drives less than 10,000 miles a year. Any new insured who matches those parameters will get the preferred rates and as a result will probably save quite a bit of money when switching.

Potential insureds who are not a match for the requirements will have to pay more money and ends up with business going elsewhere. The ads state “drivers who switch” not “people who quote” save that much money. That’s why companies can make the claims of big savings.

Because of the profiling, drivers should get as many quotes as possible. It’s impossible to know which insurance company will provide you with the cheapest Scion xB insurance rates.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different so your insurance should reflect that These are some specific questions can help discover if your insurance needs could use an agent’s help.

  • Exactly who is provided coverage by my policy?
  • How much liability insurance is required?
  • Do I really need UM/UIM coverage?
  • Is rental equipment covered for theft or damage?
  • Do I need motorclub coverage?
  • Am I covered if I break a side mirror?
  • Should I waive the damage coverage when renting a car?
  • Do I get a pro-rated refund if I cancel my policy early?
  • How can I force my company to pay a claim?

If you’re not sure about those questions but one or more may apply to you then you might want to talk 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 companies in your area.

Car insurance coverages explained

Understanding the coverages of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses like chiropractic care, pain medications, hospital visits, dental work and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Liability coverage – Liability insurance protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like emergency aid, court costs and attorney fees. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Collision coverages – This coverage will pay to fix damage to your xB from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a building, colliding with another moving vehicle, backing into a parked car, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2006 Scion xB.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, hitting a deer, fire damage, a broken windshield and falling objects. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Shop around and save

When trying to cut insurance costs, never reduce coverage to reduce premium. There are too many instances where someone dropped collision coverage and found out when filing a claim that the savings was not a smart move. Your strategy should be to buy enough coverage at the best price.

You just learned a lot of information how to save on 2006 Scion xB insurance. It’s most important to understand that the more price quotes you have, the better likelihood of reducing your rate. Drivers may discover the lowest rates come from a lesser-known regional company. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Geico and State Farm.

Additional detailed information is located in these articles: