2012 Scion iQ Car Insurance Cost – 7 Tips to Save

Searching for the cheapest insurance for your Scion iQ can be an all-consuming task, but you can use our insurance coverage buying tips to find lower rates. There is a better way to compare insurance coverage rates so we’re going to tell you the quickest way to price shop coverage for your Scion and find the lowest possible price from local insurance agents and online providers.

Consumers should take time to compare prices occasionally due to the fact that insurance rates are rarely the same from one policy term to another. Even if you think you had the best rates on iQ coverage six months ago a different company probably has better rates today. So just forget anything you know (or think you know) about insurance coverage because you’re about to learn how to quote online to properly buy coverages and cut your premium.

The quickest way to get policy rate comparisons is to know most of the bigger providers provide online access to compare rate quotes. All consumers are required to do is provide a little information like whether you are married, if it has an alarm system, if the vehicle is leased, and if a SR-22 is required. That rating data is instantly provided to insurance carriers in your area and they return cost estimate with very little delay.

Take these seven discounts and save

Auto insurance companies do not list every discount in a way that’s easy to find, so we researched some of the best known and the more hidden discounts you could be receiving. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less on iQ coverage than less cautious drivers.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Military Discounts – Being deployed with a military unit can result in better rates.
  • Paperless Signup – A handful of insurance companies will give a small break for buying a policy and signing up on their website.
  • Life Insurance – Larger companies have a break if you buy life insurance from them.
  • Homeowners Pay Less – Owning a home may trigger a car insurance policy discount because owning a home is proof that your finances are in order.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies that may offer these discounts may include but are not limited to:

Before buying, ask each company which discounts you may be entitled to. All car insurance discounts may not be available in your area.

Which policy gives me the best coverage?

When it comes to buying coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

  • Are there companies who specialize in insuring high-risk drivers?
  • Am I covered by my spouse’s policy after a separation?
  • When do I need to add a new car to my policy?
  • Should I put collision coverage on all my vehicles?
  • Can I drive in Mexico and have coverage?
  • What is high-risk coverage and where do I buy it?
  • Is my 2012 Scion iQ covered for flood damage?
  • Am I getting all the discounts available?
  • Is my cargo covered for damage or theft?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and can help protect your family.

Insurance coverage myths debunked

Consumers constantly see and hear ads for the lowest price auto insurance by 21st Century, Allstate and State Farm. All the ads say the same thing that you’ll save big if you change to their company.

How do they all claim to save you money? It’s all in the numbers.

All companies are able to cherry pick for the type of customer that earns them a profit. An example of a driver they prefer could possibly be between the ages of 30 and 50, a clean driving record, and has a short commute. Any new insured who fits that profile is entitled to the best price and as a result will probably save a lot of money.

Consumers who don’t qualify for these standards will be charged higher rates and ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save money. That is how insurance companies can advertise the way they do. That is why it is so important to compare many company’s rates. Because you never know which company will provide you with the cheapest Scion iQ insurance rates.

Auto insurance coverage breakdown

Understanding the coverages of auto insurance can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be confusing and reading a policy is terribly boring.

Coverage for collisions

Collision insurance will pay to fix damage to your iQ caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as backing into a parked car, crashing into a building and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Liability coverage

This protects you from damages or injuries you inflict on people or other property in an accident. It consists of 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 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as bail bonds, medical services, pain and suffering, loss of income and emergency aid. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Scion iQ.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like pain medications, rehabilitation expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, fire damage, damage from getting keyed and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

A little work can save a LOT of money

As you restructure your insurance plan, do not buy poor coverage just to save money. In many instances, consumers will sacrifice uninsured motorist or liability limits only to find out that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

You just read many ways to save on 2012 Scion iQ insurance. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from some of the lesser-known companies.

Lower-priced insurance can be found from both online companies and with local insurance agents, so you should compare both so you have a total pricing picture. Some car insurance companies do not offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

Much more information about car insurance is available on the following sites: