Save on 2014 Scion iQ Insurance Rates

Sick and tired of not being able to afford to insure your Scion every month? Your situation is no different than many other drivers. Many insurers compete for your hard-earned dollar, so it’s not easy to compare every provider to find the best rates possible.

Why your Scion iQ insurance rates may be high

An important part of buying insurance is that you know some of the elements that come into play when calculating your insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to big savings.

The list below includes a partial list of the pieces that factor into prices.

  • Multi-policy discounts can save money – Most insurers will give a discount to policyholders who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare other company rates to verify if the discount is saving money.
  • Don’t skimp on liability – Liability coverage provides coverage when a court rules you are at fault for personal injury or accident damage. It provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
  • Clean credit earns discounts – Credit score is a important factor in your rate calculation. Therefore, if your credit rating is lower than you’d like, you could save money insuring your 2014 Scion iQ by repairing your credit. Consumers who have high credit scores tend to be less risk to insure than those with poor credit.
  • Safer cars cost less to insure – Cars with high safety ratings get lower rates. Safer cars have better occupant injury protection and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your Scion iQ scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.

How to Compare Insurance Coverage Quotes

There are multiple methods to compare 2014 Scion iQ insurance coverage quotes, and some are less labor-intensive and much quicker. You can spend countless hours talking about coverages with insurance agencies in your area, or you could use the web to quickly compare rates.

Most major companies participate in a marketplace where insurance shoppers enter their policy data once, and every company returns a competitive quote for coverage. This prevents consumers from doing form submissions for each company you want a rate for.

To get comparison pricing now click here to start a free quote.

The single downside to pricing coverage this way is you can’t choose which providers to get pricing from. So if you prefer to choose individual companies for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples coverage limits and deductibles for each price quote. If your comparisons have different liability limits it will be impossible to determine the lowest rate for your Scion iQ.

Discounts mean cheaper Scion iQ insurance rates

Auto insurance companies don’t list every available discount very well, so here is a list some of the more common and the harder-to-find discounts you could be receiving. If you don’t get every credit available, you’re paying more than you need to.

  • Homeowners Savings – Simply owning a home may earn you a small savings because owning a home demonstrates responsibility.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • Driver Safety – Taking a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Drivers Ed for Students – Have your child enroll in driver’s education in school.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy qualifies for this discount.
  • Senior Discount – If you qualify as a senior citizen, you can possibly qualify for reduced rates on iQ coverage.
  • Early Signing – Some insurance companies reward drivers for switching policies prior to your current policy expiring. This can save 10% or more.
  • No Claims – Good drivers with no accidents can earn big discounts when compared to bad drivers.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way.

A partial list of companies that may have these benefits include:

Before buying, ask each company what discounts are available to you. All car insurance discounts might not apply in your state.

Tailor your coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there really is not a perfect coverage plan. Each situation is unique so your insurance needs to address that. For example, these questions can help discover if your insurance needs could use an agent’s help.

  • Do I have newly-aquired coverage?
  • If my pet gets injured in an accident are they covered?
  • What is UM/UIM insurance?
  • Does my 2014 Scion iQ need full coverage?
  • What companies insure drivers after a DUI or DWI?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I waive the damage coverage when renting a car?
  • What is no-fault insurance?

If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Specifics of your auto insurance policy

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be confusing and reading a policy is terribly boring. Shown next are the usual coverages available from auto insurance companies.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for expenses such as dental work, X-ray expenses, chiropractic care, prosthetic devices and funeral costs. They can be used in conjunction with a health insurance plan or if you do not have health coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2014 Scion iQ.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive coverages – This pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, fire damage and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverages – This covers damage to your iQ caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like scraping a guard rail, driving through your garage door, backing into a parked car and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Liability insurance – Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like medical expenses, repair costs for stationary objects, legal defense fees, structural damage and court costs. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Find Good Coverage for Less

Affordable 2014 Scion iQ insurance is available online and also from your neighborhood agents, so you should compare both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

We’ve covered many ideas to get a better price on insurance. It’s most important to understand that the more quotes you get, the better your comparison will be. You may even find the lowest premiums are with some of the lesser-known companies. They may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.

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