Cheaper 2012 Scion xD Car Insurance Rates

Have you had enough of trying to scrape together enough money to buy car insurance? Your situation is no different than many other drivers.

Since consumers have many options when it comes to car insurance, it can be hard to pick the most affordable car insurance company.

Choosing the best insurance company for you is quite easy. Essentially anyone who carries auto insurance will be able to reduce their rates. But drivers can benefit by having an understanding of the way insurance companies sell online because it can help you find the best coverage.

Discounts to lower 2012 Scion xD insurance rates

Companies don’t always advertise every available discount very clearly, so we took the time to find both the well known and the harder-to-find discounts you could be receiving.

  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20% or more.
  • Safety Course Discount – Taking a defensive driving course could cut 5% off your bill if you qualify.
  • Homeowners Discount – Simply owning a home can help you save on auto insurance because maintaining a house is proof that your finances are in order.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break on auto insurance on xD coverage.
  • Accident Waiver – Certain companies will allow you to have one accident before your rates go up if your claims history is clear for a set time period.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.

Keep in mind that most discount credits are not given the the whole policy. Most only cut individual premiums such as liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

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

Check with each company how you can save money. Some discounts might not be offered in your area.

Factors that can influence Scion xD insurance rates

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for insurance. Having a good understanding of what controls the rates you pay helps enable you to make changes that may reward you with much lower annual insurance costs.

  • Bundling policies can get discounts – Most insurers will award you with lower prices to insureds who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to shop around to make sure you are getting the best deal.
  • Careful drivers pay lower rates – Your driving record has a huge affect on how much you pay. Good drivers have lower premiums than people who have multiple driving citations. Just one ticket can increase rates by twenty percent. Drivers who get severe violations like DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.
  • Where do you drive? – The higher the mileage driven every year the higher your rates will be. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. An improperly rated xD can cost quite a bit. Double check that your insurance declarations sheet is rated on the correct usage for each vehicle, because it can save money.
  • Teen drivers pay high rates – Teen drivers are known to be less responsible when behind the wheel so they pay higher insurance rates. Older insureds tend to be more responsible, tend to cause fewer accidents and get fewer tickets.
  • Do you need those extra coverages? – There are many extra coverages that you can get tricked into buying on your insurance policy. Insurance for vanishing deductibles, accidental death and membership fees may be wasting your money. These may sound like a good investment when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Where you reside plays a part – Being located in less populated areas can be a good thing when buying insurance. Drivers in populated areas have to deal with much more traffic and longer commute times. Lower population means reduced accidents and also fewer theft and vandalism claims.
  • Do you have a high stress job? – Careers like doctors, executives and dentists tend to have the highest average rates due to job stress and long work days. Other occupations such as farmers, historians and the unemployed receive lower rates on xD coverage.

Tailor your coverage to you

When it comes to buying coverage, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining whether you would benefit from professional advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Who is covered by my policy?
  • Am I covered when driving someone else’s vehicle?
  • When should my teen driver be added to my policy?
  • What happens if I owe more than my 2012 Scion xD is worth?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Insurance ads bend the truth

Companies like State Farm, Allstate and Geico continually stream ads in print and on television. All the ads have a common claim of big savings after switching your coverage to them. How can each company claim to save you money? It’s all in the numbers.

Insurance companies are able to cherry pick for the right customer that makes them money. For instance, a preferred risk might be profiled as between the ages of 40 and 55, has no driving citations, and has excellent credit. Any new insured who fits that profile gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Drivers who fall outside the requirements will have to pay higher rates which leads to the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That’s the way companies can advertise the way they do. Because of the profiling, drivers must get as many quotes as possible. You cannot predict the company that will give you the biggest savings on Scion xD insurance.

Car insurance coverage specifics

Knowing the specifics of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages offered by car insurance companies.

UM/UIM Coverage

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Scion xD.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision protection

Collision coverage pays for damage to your xD resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, damaging your car on a curb, crashing into a ditch, colliding with a tree and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as fire damage, vandalism, hitting a bird, damage from flooding and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as doctor visits, funeral costs, nursing services, X-ray expenses and dental work. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability

This coverage will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like attorney fees, legal defense fees and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

More choices the merrier

When you buy insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice collision coverage and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find for the lowest price.

Throughout this article, we presented many tips how you can reduce 2012 Scion xD insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even find the lowest priced car insurance comes from a smaller regional carrier. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Allstate or State Farm.

Other articles