Compare 2013 Toyota Venza Insurance Cost

Trying to find lower auto insurance rates for your Toyota Venza? Perplexed by the dozens of auto insurance companies? Many other drivers are as well. There are so many options that it can quickly become a ton of work to compare prices.

Discounts to lower Toyota Venza insurance rates

Insurance can be prohibitively expensive, but discounts can save money and there are some available that many people don’t even know exist. A few discounts will automatically apply when you get a quote, but lesser-known reductions have to be inquired about before you get the savings.

  • Passive Restraints – Factory air bags can receive discounts of up to 25% or more.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Low Mileage Discounts – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
  • One Accident Forgiven – Certain companies allow you one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Homeowners Pay Less – Owning a home can help you save on insurance coverage because maintaining a house shows financial diligence.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. Any amount of discount will reduce your premiums.

Insurance companies that may offer some of the above discounts are:

Before buying, ask each company which discounts you may be entitled to. Discounts might not be offered in your area.

Toyota Venza rates are in the details

It’s important that you understand the different types of things that go into determining your insurance coverage rates. Understanding what influences your rates enables informed choices that could result in much lower annual insurance costs.

Listed below are some of the items insurance coverage companies consider when setting premiums.

  • Lower rates with optional equipment – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.
  • Rates may be higher depending on your occupation – Did you know that where you work can have an impact on rates? Careers like real estate brokers, executives and dentists are shown to have the highest average rates due to job stress and lots of time spent at work. Other professions such as farmers, historians and performers pay the least for Venza coverage.
  • Do you have enough liability coverage? – Liability coverage is the protection in the event that you are found liable for personal injury or accident damage. Liability insurance provides legal defense up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Older drivers save more – Youthful drivers tend to be less responsible when behind the wheel so insurance coverage rates are higher. Older insureds tend to be more responsible, tend to file fewer claims and get fewer tickets.

Tailor your coverage to you

When choosing the right insurance coverage, there is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.

  • Is my ex-spouse still covered by my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered if hit by an uninsured driver?
  • What is an SR-22 filing?
  • Do I pay less if my vehicle is kept in my garage?
  • Who is covered when they drive my 2013 Toyota Venza?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Is there truth in advertising?

Insurance providers like State Farm, Geico and Progressive constantly bombard you with television and radio advertisements. They all make the same claim that you’ll save big if you switch to them. How does each company say the same thing?

Different companies have a certain “appetite” for the driver that earns them a profit. For example, a preferred risk could be a mature driver, is a homeowner, and has a high credit rating. Any new insured who meets those qualifications is entitled to the best price and most likely will save quite a bit of money when switching.

Potential customers who are not a match for the “perfect” profile must pay a more expensive rate and ends up with business going elsewhere. The ads say “people who switch” not “people who quote” save that much. This is how insurance companies can make the claims of big savings.

This illustrates why drivers must compare many company’s rates. Because you never know which insurance companies will fit your personal profile best.

Car insurance 101

Having a good grasp of auto insurance aids in choosing the right coverages for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, fire damage and theft. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Collision protection

Collision coverage pays for damage to your Venza from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a ditch, colliding with another moving vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills like dental work, surgery, chiropractic care, doctor visits and EMT expenses. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Liability car insurance

Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as funeral expenses, repair costs for stationary objects, bail bonds, court costs and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

More effort can pay off

Consumers leave their current company for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, policy non-renewal and even not issuing a premium refund. No matter why you want to switch, finding a new insurance company is pretty easy and you might even save some money in the process.

As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, someone dropped full coverage only to regret at claim time they didn’t have enough coverage. The aim is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

You just learned a lot of tips how to shop for 2013 Toyota Venza insurance online. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers may even find the lowest rates come from an unexpected company.

Additional information can be found at these links: