Lower Your 2014 Toyota Prius v Car Insurance Rates

Searching for lower insurance rates for your Toyota Prius v? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me when I say you’re not the only one.

Lots of insurance companies contend for your insurance dollar, and because of this it can be hard to compare insurance companies and get the best coverage at the lowest price

It’s a great practice to check insurance prices on a regular basis because insurance rates are adjusted regularly by insurance companies. Even if you got the best price for Prius v coverage on your last policy there may be better deals available now. So just ignore everything you know about insurance because it’s time to teach you the best methods to reduce your cost while increasing coverage.

If you have car insurance now, you will be able to cut costs considerably using these methods. Choosing the best insurance company for you is quite easy. But consumers must understand how big insurance companies market insurance on the web.

Toyota Prius v insurance rates can be determined by these details

It’s important that you understand the rating factors that help determine the rates you pay for insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that may reward you with better insurance rates.

The following are some of the items companies use to determine rates.

  • Marriage brings a discount – Getting married can actually save you money when buying insurance. Marriage means you’re more responsible and it’s proven that drivers who are married are more cautious.
  • Do you work long hours in a high stress job? – Did you know your occupation can influence how much you pay for insurance? Occupations such as judges, business owners and stock brokers are shown to have the highest rates attributed to high stress and lengthy work days. On the other hand, occupations like pilots, students and performers pay the least for Prius v coverage.
  • Your car’s features help determine rates – Owning a car with a theft deterrent system can get you a discount on your insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.
  • Do you need the policy add-ons? – There are a ton of add-on coverages that you can get tricked into buying when buying insurance. Things like vanishing deductibles, accidental death and membership fees are some examples. These coverages may sound good when you first buy your policy, but your needs may have changed so remove them from your policy.
  • Protect yourself with liability coverage – Liability insurance provides coverage in the event that you are found liable for damages from an accident. It will provide legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not skimp.
  • No coverage gaps is important – Driving with no insurance is illegal and as a result your rates will increase for letting your insurance expire. Not only will rates go up, but not being able to provide proof of insurance can result in a license revocation or jail time.
  • Men pay higher rates – The statistics show that women are safer drivers than men. However, don’t assume that women are better drivers. Men and women cause accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as DWI and reckless driving.

Do you qualify for a discount?

Insuring your fleet can be pricey, buy you may qualify for discounts that many people don’t even know exist. Some trigger automatically at quote time, but a few need to be specifically requested prior to getting the savings.

  • New Car Discount – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and will save you 10% or more.
  • Discount for Life Insurance – Some companies give a break if you buy auto and life insurance together.
  • Organization Discounts – Affiliation with a professional or civic organization could trigger savings on auto insurance for Prius v coverage.
  • Homeowners Discount – Simply owning a home may trigger a auto insurance policy discount because owning a home is proof that your finances are in order.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for Prius v coverage than drivers with accidents.
  • Multiple Cars – Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.
  • Accident Free – Drivers with accident-free driving histories can earn big discounts as compared to frequent claim filers.
  • Air Bag Discount – Cars that have air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them prior to your current policy expiration. The savings is around 10%.

Drivers should understand that some credits don’t apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts will reduce the amount you have to pay.

To see a list of insurance companies with discount auto insurance rates, click this link.

Save $420 a year? Really?

Companies like State Farm, Geico and Progressive continually stream ads on TV and radio. All the ads make the same claim of big savings after switching your policy. How does each company make almost identical claims?

All companies are able to cherry pick for the driver that earns them a profit. An example of a desirable insured could be over the age of 40, is a homeowner, and has great credit. Any new insured who matches those parameters will qualify for the lowest rates and most likely will save when they switch companies.

Consumers who don’t measure up to the requirements will have to pay higher rates which leads to the customer not buying. Company advertisements say “drivers who switch” not “everyone that quotes” save money. That is how companies can truthfully advertise the way they do.

Because of the profiling, it is so important to compare as many rates as you can. You cannot predict which company will provide you with the cheapest Toyota Prius v insurance rates.

What coverages do I need?

When it comes to choosing adequate coverage, there is no “best” method to buy coverage. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether or not you would benefit from professional advice.

  • I don’t drive much so do I pay less?
  • What is medical payments coverage?
  • Does my 2014 Toyota Prius v qualify for pleasure use?
  • Is my 2014 Toyota Prius v covered for flood damage?
  • Does having multiple vehicles earn me a discount?
  • Am I getting all the discounts available?
  • Why am I required to get a high-risk car insurance policy?
  • What can I do if my company denied a claim?
  • Is pleasure use cheaper than using my 2014 Toyota Prius v to commute?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Car insurance coverages 101

Knowing the specifics of a car insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages available from car insurance companies.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses such as ambulance fees, doctor visits and EMT expenses. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as rock chips in glass, damage from getting keyed, hail damage and damage from flooding. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverages – Liability coverage can cover damage that occurs to people or other property. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like emergency aid, structural damage, repair bills for other people’s vehicles, loss of income and pain and suffering. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like damaging your car on a curb, sustaining damage from a pot hole, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Saving money is sweet as honey

You just learned a lot of information how to compare 2014 Toyota Prius v insurance prices online. The key concept to understand is the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest priced auto insurance comes from a small mutual company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

When buying insurance coverage, never reduce coverage to reduce premium. In too many instances, an accident victim reduced uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Even more information can be found by following these links: