Cheap 2007 Toyota Prius Insurance Cost

Searching for cheaper insurance coverage rates? Consumers have options when looking for low-cost Toyota Prius insurance. You can either waste hours struggling with agents getting price quotes or leverage the internet to make rate comparisons. There are both good and bad ways to shop for insurance coverage so you’re going to learn the best way to quote coverages for a new or used Toyota and get the cheapest rates either online or from local insurance agents.

It’s important to compare rates on a regular basis because insurance rates change frequently. Just because you found the lowest price on Prius coverage a year ago the chances are good that you can find a lower rate today. Forget all the misinformation about insurance coverage because you’re about to find out how to use the internet to eliminate unnecessary coverages and save money.

Why you might be paying too much to insure your Toyota Prius

Smart consumers have a good feel for some of the elements that go into determining the rates you pay for insurance coverage. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

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

  • Multi-policy discounts can save money – Many insurance coverage companies will award you with lower prices to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s in your best interest to compare other company rates to verify if the discount is saving money. You may still find better rates by insuring with multiple companies.
  • Safer occupants lowers premiums – Vehicles with high crash test scores get lower rates. Safer cars reduce injuries and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Toyota earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Don’t skimp on liability – Liability insurance is the coverage that protects you if ever you are found to be at fault for damages from an accident. Liability provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.
  • Your credit rating is important – Your credit history is a huge factor in determining your rates. So if your credit history is not that good, you could save money insuring your 2007 Toyota Prius by repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Theft deterrents lower rates – Owning a car that has an advanced theft prevention system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent car theft.
  • Claim-free discounts can add up – Auto insurance companies award lower rates to policyholders who are claim-free. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is designed for the large, substantial claims.

The most recommended method to compare rates is to understand most larger insurance companies will pay a fee to quote your coverage. To start a quote, the only thing you need to do is provide a small amount of information including how much education you have, which vehicles you own, if it has an alarm system, and how old drivers are. That rating data is sent automatically to insurance carriers in your area and you will receive price estimates with very little delay.

To start a quote now, click here and see if a lower rate is available.

Pay less by taking advantage of discounts

Companies do not list every discount very clearly, so here is a list some of the best known as well as the least known ways to save on car insurance. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Paperless Signup – Some insurance companies will give a small break for buying your policy online.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates on Prius coverage than their less cautious counterparts.
  • Discount for Life Insurance – Some companies give lower rates if you buy life insurance from them.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you may save at least 10% off all policies.
  • Early Signing – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. This can save 10% or more.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
  • Claim Free – Drivers with accident-free driving histories pay less when compared with accident-prone drivers.
  • Government Employees – Active or retired federal employment can earn a discount up to 10% on Prius coverage with certain companies.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most cut individual premiums such as medical payments or collision. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.

To see a list of providers offering car insurance discounts, click here to view.

Your coverage should be tailored to you

When buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different.

For example, these questions might point out if your insurance needs might need professional guidance.

  • Which is better, split liability limits or combined limits?
  • Will my insurance pay for OEM parts?
  • Should I sign the liability waiver when renting a car?
  • When do I need to add a new car to my policy?
  • Why do I only qualify for high-risk insurance?
  • Do I need special endorsements for business use of my vehicle?
  • Should I buy full coverage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is my camper covered by my car insurance policy?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance 101

Knowing the specifics of insurance can be of help when determining which coverages you need for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for things like hospital visits, pain medications and nursing services. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims such as repair bills for other people’s vehicles, repair costs for stationary objects, pain and suffering and court costs. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Coverage for collisions

Collision coverage covers damage to your Prius resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a ditch, hitting a parking meter, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, hitting a deer, a broken windshield and damage from getting keyed. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Buy Smart and Save

Drivers who switch companies do it for a number of reasons such as policy non-renewal, policy cancellation, delays in responding to claim requests and extreme rates for teen drivers. No matter why you want to switch, finding a new company is actually quite simple.

As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. In too many instances, drivers have reduced full coverage only to regret at claim time they didn’t purchase enough coverage. Your aim should be to buy enough coverage at a price you can afford, not the least amount of coverage.

The cheapest 2007 Toyota Prius insurance can be bought online and with local insurance agents, so compare prices from both to get a complete price analysis. Some companies do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

Much more information about auto insurance can be found on the following sites: