2005 Scion xB Insurance Quotes – 9 Tips for Cheapest Rates

Trying to find the cheapest car insurance rates for your Scion xB? Searching for the cheapest insurance for a Scion xB can normally be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to shop for car insurance so we’re going to tell you the proper way to price shop coverage for a new or used Scion and obtain the lowest possible price.

It’s a good idea to compare prices once or twice a year since rates trend upward over time. If you had the lowest price on xB coverage a few years ago you may be paying too much now. So block out anything you think you know about car insurance because you’re about to learn the quickest way to remove unneeded coverages and save money.

Discounts are great for lower rates

Auto insurance companies don’t always list every available discount in an easy-to-find place, so we break down both the well known and the more hidden insurance coverage savings. If they aren’t giving you every credit available, you are paying more than you should be.

  • Multi-policy Discount – When you have multiple policies with the same company you may earn 10% to 20% off each policy.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Life Insurance – Companies who offer life insurance give a break if you buy life insurance.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Clubs and Organizations – Being a member of certain professional organizations is a good way to get lower rates on your policy on xB coverage.
  • Paperless Signup – Some insurance companies give back up to $50 for buying a policy and signing up over the internet.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. The discount lasts until age 25.
  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% on xB coverage with a few insurance coverage companies.
  • Senior Discount – If you’re over the age of 55, you may qualify for reduced rates on xB coverage.

It’s important to understand that most credits do not apply to the entire cost. Most only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of insurance companies who offer insurance coverage discounts, click here to view.

Are insurance companies telling the truth?

Consumers can’t get away from ads for car insurance savings from the likes of 21st Century, Allstate and State Farm. All the ads make an identical promise about savings after switching your coverage to them.

How do they all make almost identical claims? It’s all in the numbers.

Insurance companies can use profiling for the driver that earns them a profit. For example, a preferred risk might be profiled as over the age of 40, owns a home, and has excellent credit. A customer getting a price quote who meets those qualifications receives the best rates and therefore will save quite a bit of money when switching.

Potential customers who fall outside these standards must pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can advertise the way they do. This illustrates why you need to compare many company’s rates. It is impossible to predict the company that will provide you with the cheapest Scion xB insurance rates.

You may need specialized coverage

When it comes to choosing coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different.

For example, these questions may help you determine if your situation would benefit from professional advice.

  • When do I need to add a new car to my policy?
  • What discounts do I qualify for?
  • Do I have coverage for damage caused while driving under the influence?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Should I have a commercial auto policy?
  • Is my trailer covered?
  • Why am I required to buy high-risk coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can help protect your family.

Detailed coverages of your auto insurance policy

Having a good grasp of auto insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Collision coverage protection

Collision coverage pays for damage to your xB resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as sideswiping another vehicle, scraping a guard rail, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability insurance can cover damage that occurs to other’s property or people in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against things like attorney fees, structural damage, repair bills for other people’s vehicles, pain and suffering and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, hitting a bird, fire damage, theft and hitting a deer. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Scion xB.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as doctor visits, EMT expenses, X-ray expenses, rehabilitation expenses and funeral costs. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Have the Midas touch

Low-cost 2005 Scion xB insurance is definitely available on the web as well as from independent agents, and you should compare price quotes from both to have the best rate selection. A few companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

While you’re price shopping online, do not buy poor coverage just to save money. There are a lot of situations where someone sacrificed liability coverage limits only to regret that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at an affordable rate.

Insureds leave their current company for many reasons like high rates after DUI convictions, poor customer service, delays in responding to claim requests or even policy non-renewal. Regardless of your reason, finding a new insurance company is not as hard as you think.

For more information, feel free to browse the following helpful articles: