2012 Toyota Yaris Insurance Rates

Looking for better car insurance rates for your Toyota Yaris? Having to pay for overpriced Toyota Yaris insurance can drain your checking account and make it impossible to make ends meet. Comparison shopping is free and is an excellent way to tighten up your finances.

Numerous insurance companies battle for your business, and it can be difficult to compare rates and get the definite lowest cost out there.

It’s a good idea to compare rates occasionally since insurance rates are variable and change quite frequently. Just because you had the best deal for Yaris coverage a year ago you may be paying too much now. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the fastest and easiest way to eliminate unnecessary coverages and save money.

Lots of discounts mean lots of savings

Car insurance companies do not advertise all available discounts very clearly, so we took the time to find some of the best known as well as the least known insurance savings.

  • Discount for Swiching Early – Some companies give discounts for switching to them prior to your current policy expiring. The savings is around 10%.
  • New Car Discount – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Use Seat Belts – Requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Homeowners Savings – Owning a home can help you save on insurance because of the fact that having a home shows financial diligence.
  • Student Driver Training – Require your teen driver to complete a driver education course in high school.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.

For a list of companies who offer insurance discounts, click here.

Situations that might require an agent

When choosing the best auto insurance coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I afford low physical damage deductibles?
  • Are there companies who specialize in insuring high-risk drivers?
  • What is medical payments coverage?
  • Who is covered by my policy?
  • Am I covered if I break a side mirror?
  • Do I have coverage when making deliveries for my home business?
  • How can I find cheaper teen driver insurance?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Are insurance companies telling the truth?

Companies like Geico, State Farm and Progressive regularly use television and radio advertisements. All the ads make the same claim that you’ll save big if you move to them. How can each company make almost identical claims?

All companies can use profiling for the driver that makes them money. For example, a preferred risk could be between the ages of 40 and 55, is a homeowner, and has great credit. A customer getting a price quote who matches those parameters will get very good rates and therefore will save a lot of money.

Drivers who don’t meet this ideal profile will have to pay higher rates and ends up with business not being written. Company advertisements say “people who switch” not “everybody who quotes” save money. That’s the way companies can truthfully make those claims. Because of the profiling, you should get a wide range of price quotes. You cannot predict which company will fit your personal profile best.

Educate yourself about car insurance coverages

Learning about specific coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages found on most car insurance policies.

Coverage for medical payments – Med pay and PIP coverage pay for immediate expenses such as chiropractic care, EMT expenses, dental work, hospital visits and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Liability car insurance – Liability insurance protects you from damages or injuries you inflict on other’s property or people. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage protects against things such as attorney fees, medical services, funeral expenses, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Collision coverages – This coverage pays for damage to your Yaris resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like crashing into a ditch, damaging your car on a curb, rolling your car and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, hail damage, damage from flooding, rock chips in glass and falling objects. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Toyota Yaris.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Buy online or local, you save

Cheaper 2012 Toyota Yaris insurance is attainable both online and with local insurance agents, so you should compare both to have the best selection. Some insurance companies do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

Throughout this article, we presented a lot of information how to save on insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Drivers may discover the best prices are with some of the lesser-known companies. Regional companies can often provide lower rates in certain areas compared to the large companies like Progressive and Geico.

Additional insurance information can be found at these links: