Lower Your 2015 Toyota Prius v Insurance Rates

Looking for cheaper auto insurance rates? Shoppers have lots of choices when shopping for low-cost Toyota Prius v insurance. They can either spend hours calling around getting price quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to shop for auto insurance and we’ll show you the proper way to quote coverages for a Toyota and locate the lowest price.

Policy discounts you shouldn’t miss

Companies that sell car insurance do not advertise all available discounts very clearly, so we took the time to find some of the best known and the harder-to-find ways to save on insurance. If you’re not getting every credit you deserve, you are throwing money away.

  • Federal Government Employee – Active or retired federal employment can save as much as 8% for Prius v coverage with select insurance companies.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save 10% or more off your medical payments premium.
  • Club Memberships – Being a member of a professional or civic organization may earn a discount on your policy for Prius v coverage.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Senior Citizens – If you’re over the age of 55, you may be able to get better insurance rates for Prius v coverage.
  • Safety Course Discount – Taking part in a driver safety course could save 5% or more and easily recoup the cost of the course.
  • Paperwork-free – A handful of insurance companies will give a small break just for signing your application over the internet.
  • Save with a New Car – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.
  • Homeowners Pay Less – Simply owning a home can help you save on insurance because maintaining a house demonstrates responsibility.

A little note about advertised discounts, most credits do not apply the the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way.

To see a list of companies with the best insurance discounts, click here to view.

Compare the Market for Insurance

Lowering your 2015 Toyota Prius v insurance rates is actually quite simple. You just have to take a few minutes to compare quotes online with multiple companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. Probably the best way to find the lowest comparison rates is an all-inclusive rate comparison (click to open form in new window). This method saves time by eliminating separate quote forms for every insurance company. Just one form gets you price quotes from several companies. This is by far the quickest method.
  2. A slightly less efficient method to compare prices requires a trip to each company’s website to request a price quote. For instance, we’ll assume you want comparison quotes from Progressive, Geico and Travelers. To get each rate you have to take the time to go to each site and enter your policy data, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It’s up to you how you get prices quotes, just double check that you are using exactly the same deductibles and coverage limits on every quote. If the quotes have different limits and deductibles on each one it will be very difficult to make a fair comparison for your Toyota Prius v.

Insurance agents can help

When buying coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if you would benefit from professional advice.

  • Can I get a multi-policy discount?
  • Does coverage extend to Mexico or Canada?
  • Do I benefit by insuring my home with the same company?
  • How many claims can I have before being cancelled?
  • Are my tools covered if they get stolen from my vehicle?
  • When would I need rental car insurance?
  • Do I have any recourse if my insurance company denies a claim?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Insurance coverage basics

Understanding the coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses like pain medications, X-ray expenses and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Liability auto insurance

This coverage provides protection from damage or injury you incur to a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

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 values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like bail bonds, court costs, repair bills for other people’s vehicles, attorney fees and repair costs for stationary objects. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, falling objects, hitting a bird, theft and rock chips in glass. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

Collision coverage pays for damage to your Prius v caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with a tree, rolling your car, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Final considerations

People switch companies for any number of reasons including not issuing a premium refund, being labeled a high risk driver, delays in paying claims and extreme rates for teen drivers. Whatever your reason, choosing a new insurance company is actually quite simple.

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. In too many instances, an insured cut comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. Your strategy should be to buy enough coverage at a price you can afford while still protecting your assets.

You just learned many ideas to lower your 2015 Toyota Prius v insurance rates. The key concept to understand is the more quotes you get, the higher your chance of finding lower rates. Consumers could even find that the best price on insurance is with the smaller companies.

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