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Scion IQ Insurance Cost

Finding cheaper auto insurance by comparing rates online saves time, is easy to do and there is a good chance you will probably save money. The key to finding lower rates is to take the time to get rates from all providers so you can compare the lowest rate quotes.

Finding the best direct price on auto insurance can be a challenge if you are a beginner to online quotes. But relax because there is an easy way to compare rates. Lowering your iQ insurance rates can be quick and easy. You just need to take a few minutes comparing rates online from several insurance companies. It is quite easy and can be accomplished by visiting this page.

Insurance rates paid to insure a Scion iQ can vary widely and are calculated by many factors. Some of these factors include:

  • Tickets increase premiums
  • Credit rating
  • Male drivers pay higher rates
  • Higher deductibles save money
  • Safety rating of your iQ
  • No claims lowers premiums
  • Maintaining coverage lowers rates
  • Whether you own your home

One last important factor which can affect the rate you pay on your Scion is the year of manufacture. A newer vehicle have a higher actual cash value so the costs to repair can inflate annual premiums. But new Scion models may have options including a backup camera, automatic crash notification, pedestrian detection, and blind-spot warning system which can provide discounts that lower premiums.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle below.

Auto liability insurance

This provides protection from damage that occurs to a person or their property that is your fault. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so purchase higher limits if possible.

Collision insurance

This pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the "other guys" either have no liability insurance or not enough. Since a lot of drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like nursing services, prosthetic devices, and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. PIP coverage is not universally available but can be used in place of medical payments coverage.

How Much are Scion iQ Insurance Rates?