Save on 2016 Scion iA Insurance Cost

Finding affordable auto insurance is hard for consumers new to comparing rates online. Consumers have so many options available that it can easily become a real hassle to find the best price.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these tips. Locating affordable protection can be fairly easy. But car owners do need to learn the methods companies use to market insurance on the web.

Companies offer discounts so take them!

Car insurance is not cheap, but there are discounts available that you may not know about. Most are applied when you get a quote, but some must be inquired about before you get the savings.

  • Student in College – Any of your kids who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Safety Course Discount – Taking a defensive driving course can save you 5% or more and easily recoup the cost of the course.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • New Car Discount – Insuring a new car can save up to 30% due to better safety requirements for new cars.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
  • Homeowners Discount – Simply owning a home may earn you a small savings because owning a home is proof that your finances are in order.
  • Save over 55 – Mature drivers may qualify for a small decrease in premiums for iA insurance.
  • Military Discounts – Being on active duty in the military can result in better rates.

Consumers should know that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like medical payments or collision. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way. But any discount will help reduce the cost of coverage.

To see a list of insurance companies offering auto insurance discounts, click this link.

Do I just need basic coverages?

When it comes to buying the best car insurance coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s needs are different.

For example, these questions may help you determine whether your personal situation will benefit from professional help.

  • How much can I save by bundling my policies?
  • How does medical payments coverage work?
  • Am I covered by my spouse’s policy after a separation?
  • Does my personal policy cover me when driving out-of-state?
  • Which is better, split liability limits or combined limits?
  • When can my company non-renew my policy?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Don’t be fooled by advertising claims

Progressive, Geico, Allstate and State Farm constantly bombard you with ads on TV and radio. All the companies have a common claim that you can save if you switch your coverage to them. But how can every company make the same claim?

All the different companies have a certain “appetite” for the right customer that makes them money. For example, a preferred risk could possibly be over the age of 50, has no driving citations, and drives newer vehicles. Any driver who meets those qualifications receives the best rates and as a result will probably save when switching.

Potential insureds who do not match the requirements will have to pay a higher premium and ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “everyone that quotes” save that much money. That’s why insurance companies can make the claims of big savings.

Because of the profiling, you should get as many quotes as possible. You cannot predict which car insurance company will fit your personal profile best.

Car insurance 101

Knowing the specifics of your policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.

Collision coverages – Collision coverage will pay to fix damage to your iA from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, crashing into a ditch and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

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

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like medical expenses, repair bills for other people’s vehicles and emergency aid. How much coverage you buy is up to you, but buy as much as you can afford.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, falling objects, theft and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for 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 doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for expenses for rehabilitation expenses, hospital visits, prosthetic devices, X-ray expenses and dental work. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Don’t be a big spender

Affordable 2016 Scion iA insurance can be sourced both online and with local insurance agents, and you should be comparing both to have the best selection. There are still a few companies who do not offer online quoting and most of the time these small, regional companies sell through independent agents.

Drivers change insurance companies for many reasons like unfair underwriting practices, questionable increases in premium, high rates after DUI convictions and denial of a claim. It doesn’t matter why you want to switch finding a new company is easier than you think.

When trying to cut insurance costs, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed liability coverage limits only to discover later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the best price, not the least amount of coverage.

More tips and info about car insurance can be found by following these links: