2013 Scion iQ Insurance Quotes – 5 Tips to Save

Have you fallen victim to an underperforming, overpriced auto insurance policy? Trust us, there are lots of people in the same boat. You have multiple auto insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, it can be more challenging to adequately compare rates.

You should take the time to do rate comparisons quite often due to the fact that insurance rates are variable and change quite frequently. Even if you got the lowest rates on iQ coverage a few years ago you can probably find a lower rate today. So forget all the misinformation about auto insurance because you’re going to learn the easiest way to save on auto insurance.

Discounts are available to cut your rates

The cost of insuring your cars can be expensive, but there could be available discounts to reduce the price significantly. Certain discounts will be triggered automatically when you quote, but less common discounts must be asked for before they will apply. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Resident Student – Kids in college who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Save over 55 – If you’re over the age of 55, you may be able to get reduced rates on iQ coverage.
  • Homeowners Savings – Being a homeowner can save you money due to the fact that maintaining a home demonstrates responsibility.

As a disclaimer on discounts, some credits don’t apply to the entire cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will help reduce your premiums.

A partial list of companies that may offer these benefits are:

Before buying, ask each insurance company what discounts are available to you. Savings might not apply in your area.

How to Compare Auto Insurance Costs

Getting a lower price on 2013 Scion iQ insurance is actually quite simple. You just need to invest a little time to compare rate quotes provided by online insurance companies. This can be done in just a few minutes using one of these methods.

The recommended way to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This type of form eliminates the need for repetitive form submissions for every auto insurance company. One simple form compares rates from several companies.

A harder way to analyze rates consists of going to the website for each individual company and fill out their own quote form. For instance, we’ll pretend you want to compare rates from State Farm, Esurance and Liberty Mutual. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

However you get your quotes, ensure you are comparing identical coverage limits on every quote you get. If each company quotes different limits and deductibles on each one it’s impossible to make a fair comparison for your Scion iQ.

Everyone needs different coverages

When it comes to buying the right insurance coverage, there really is not a “perfect” insurance plan. Every situation is different so your insurance should reflect that For instance, these questions can help discover if you would benefit from professional advice.

  • Am I covered if I hit a deer?
  • Does my insurance cover my expensive audio equipment?
  • Should I waive the damage coverage when renting a car?
  • If my pet gets injured in an accident are they covered?
  • Do I really need UM/UIM coverage?
  • Does my 2013 Scion iQ need full coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Why do I need rental car insurance?
  • Who is covered when they drive my 2013 Scion iQ?
  • Can I afford to buy a different vehicle if my 2013 Scion iQ is totaled?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

The fine print in car insurance ads

Consumers can’t get away from ads for cheaper car insurance by State Farm and Allstate. They all seem to have a common claim that you’ll save big after switching to their company.

How do they all make the same claim?

Different companies are able to cherry pick for the driver they prefer to insure. For example, a preferred risk could possibly be over the age of 40, has no driving citations, and drives less than 7,500 miles a year. A customer who matches those parameters is entitled to the best price and is almost guaranteed to save quite a bit of money when switching.

Consumers who don’t measure up to these standards will be charged higher prices and this can result in business going elsewhere. The ads state “customers who switch” not “people who quote” save that kind of money. That is how companies can truthfully advertise the way they do.

That is why it’s extremely important to get as many comparisons as possible. It is impossible to predict the company that will have the lowest Scion iQ insurance rates.

Auto insurance coverage information

Understanding the coverages of insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as rolling your car, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability auto insurance

This coverage protects you from damages or injuries you inflict on people or other property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical services, court costs and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like dental work, surgery and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Comprehensive (Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, a broken windshield, theft, damage from flooding and falling objects. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they 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, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Final considerations

You just read a lot of techniques to save on 2013 Scion iQ insurance. It’s most important to understand that the more you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates come from some of the smallest insurance companies. Some small companies can often provide lower rates in certain areas than their larger competitors like Allstate or State Farm.

When buying insurance coverage, do not skimp on coverage in order to save money. In many instances, someone dropped collision coverage and learned later that they should have had better coverage. The proper strategy is to buy enough coverage at an affordable rate, not the least amount of coverage.

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